Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — H1 FY2024 Earnings Presentation
24 slides from Ufo Moviez India's earnings presentation, Nov 2, 2023
Slide 1: Investor Presentation filing letter to BSE and NSE
November 02, 2023 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G Dalal Street, Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai- 400 051 Fax: 022 – 2272 3121 Fax : 022- 2659 8237/ 38 BSE Scrip Code
Slide 2: Q2&H1FY24 Results Presentation
Q2&H1FY24 Results Presentation
Slide 3: Safe Harbour
Safe Harbour The presentation has been prepared by UFO Moviez India Limited together with its subsidiaries (the “Company”), for informational purpose only and does not constitute or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the Comp
Slide 4: UFO Moviez at a Glance
UFO Moviez at a Glance 3,303 1,220 High Impact Cities & Towns Ad Screens Across India 1,065 Power to Impact Movies upto 1.7 billion Digitally Viewers Delivered Annually in H1FY24 3
Slide 5: UFO's Offerings
UFO’s Offerings Cinema Value Chain UFO’s Offering Advantage Revenue Stream Content Digitization Producer Digitization Fee Satellite or Content Delivery Physical Cost & Time Distributor Charges & VPF Delivery of Arbitrage Service Revenue Content Fixed Rental / Cinema Sale of Exhibitor Equipment for E
Slide 6: Financial & Operating Highlights
Financial & Operating Highlights
Slide 7: Consolidated Financial Highlights (1/2)
Consolidated Financial Highlights (1/2) Q2FY24 vs Q2FY23 (INR Mn) Total Revenue EBITDA 1,078 871 177 -19% 54 225% Q2FY24 Q2FY23 Q2FY24 Q2FY23* PBT PAT 55 33 -101 L2P L2P -92 Q2FY24^ Q2FY23 Q2FY24^ Q2FY23 *Q2FY23 EBITDA is before considering provision of Rs.29mn towards provisioning for impairment of
Slide 8: Consolidated Financial Highlights (2/2)
Consolidated Financial Highlights (2/2) H1FY24 vs H1FY23 (INR Mn) Total Revenue EBITDA 1,984 340 1725 152 -13% 124% H1FY24 H1FY23 H1FY24 H1FY23 PBT PAT 90 58 -128 L2P L2P -117 H1FY24^ H1FY23 H1FY24^ H1FY23 *H1FY23 EBITDA is before considering provision of Rs.29mn towards provisioning for impairment
Slide 9: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q2FY24 Q2FY23 133 12% 294 308 34% 36% 460 866 43% 1,075 482 45% 263 30% Advertisement Revenue Distributor Revenue Exhibitor Revenue YoY % (INR Mn) Q2FY24 Q2FY23 Change Advertisement Revenue (i) 294 133 120% - In-Cinema Advertisement Revenue 292 131 123% - Corporate
Slide 10: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) H1FY24 H1FY23 312 529 16% 31% 626 800 36% 40% 1,715 1,976 864 560 44% 33% Advertisement Revenue Distributor Revenue Exhibitor Revenue YoY % (INR Mn) H1FY24 H1FY23 Change Advertisement Revenue (i) 529 312 70% - In-Cinema Advertisement Revenue 510 307 66% - Corporate
Slide 11: In-Cinema Advertising Performance
In-Cinema Advertising Performance
Slide 12: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Prime Screens Popular Screens Capacity - Annualized 3,303 2,033 1,270 ~1.7 Bn Metro and Tier I Other Cities and Towns H1FY24 Prime Popular Prime Popular # of UFO Screens 863 231 1,170 1,039 Cities and Towns 129 100 457
Slide 13: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal 510 292 307 77% 131 74% 83% 78% 23% 26% 22% 17% Q2FY24 Q2FY23 H1FY24 H1FY23 Q2FY24 Q2FY23 H1FY24 H1FY23 Ad Revenue / Screen for the period (Avg) 89,259 37,501 153,335 88,271 (Rs.) Average # of minutes sold / show
Slide 14: Theatrical Revenues
Theatrical Revenues
Slide 15: Theatrical revenues from Distributors
Theatrical revenues from Distributors Content Delivery Charges Revenue (INR Mn) Revenue (INR Mn) 465 407 244 201 Q2FY24 Q2FY23 H1FY24 H1FY23 VPF Service Revenue Revenue (INR Mn) Revenue (INR Mn) 142 79 65 23 23 42 19 4 Q2FY24* Q2FY23 H1FY24 H1FY23 Gross Revenue Net Revenue Gross Revenue Net Revenue
Slide 16: Operating Parameter – Distributor Revenue
Operating Parameter – Distributor Revenue # of Screens^ Q2FY24 Q2FY23 H1FY24 H1FY23 CDC Category Screens 3,045 3,142 3,045 3,142 VPF Category Screens 349 1,805 349 1,805 Total 3,394 4,947 3,394 4,947 # of Screens as on September 30, 2023 Revenue / Screen (Average) (in Rs.) Q2FY24* Q2FY23 H1FY24 H1FY
Slide 17: Financial Performance
Financial Performance
Slide 18: Consolidated Reported P&L Statement
Consolidated Reported P&L Statement (INR Mn) Q2FY24 Q2FY23 % Change H1FY24 H1FY23 % Change Revenue from Operations 866 1,075 -19% 1,715 1,975 -13% Other Income 6 4 47% 10 9 10% Total Revenue 871 1,078 -19% 1,725 1,984 -13% Total Expenses 695 1,024 -32% 1,385 1,832 -24% EBITDA (excl. one time impairm
Slide 19: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY24 Q2FY23 H1FY24 H1FY23 1) Total Operating Direct Cost 37.3% 54.4% 38.6% 48.6% Key Operating Direct Cost Components - Advertisement revenue share payment 13.8% 10.5% 13.1% 10.2% - VPF service revenue share 2.2% 5.2% 2.6% 5.1% - P
Slide 20: Annexure
Annexure
Slide 21: Historical Advertisement Performance
Historical Advertisement Performance Advertisement Revenues (INR Mn) 2,372 2,136 1,790 1,578 1,547 Severely Impacted due to 1,167 the COVID-19 pandemic. 755 529 151 25 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1FY24 20
Slide 22: Historical In-Cinema Advertising Performance
Historical In-Cinema Advertising Performance Government + PSU Corporate + Retail INR Mn 2,131 2,047 1,792 1,578 1,481 43% 47% 1,167 44% 47% 740 66% 46% 510 57% 53% 56% 66% 53% 54% 77% 34% 34% 23% FY15 FY16 FY17 FY18 FY19 FY20 FY23 H1FY24 # of Screens with Ad Rights 3,784 3,713 3,745 3,897 3,697 3,79
Slide 23: Shareholding
Shareholding September 30, (% of Total # of shares) 2023 Promoters 22.58% Institutional Investors 24.48% Foreign Portfolio Investors 0.78% Corporate Bodies 4.71% Others 47.43% Total # of Shares 3,83,93,773 22
Slide 24: About UFO Moviez India Limited
About UFO Moviez India Limited UFO is the first one, to enable cinema digitization with satellite technology in India. That also makes UFO the largest in- cinema advertising platform, with the power to impact almost 1.7 billion viewers annually through 3,303 screens comprising of 2,033 screens in th