Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — Q3 FY2025 Earnings Presentation
31 slides from Pvr Inox's earnings presentation, Feb 6, 2025
Slide 1: Exchange filing cover letter
06th February, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra Kurla Complex, PJ Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Fort, Mumbai - 400 001 Fax: 022-265
Slide 2: Investor Update Q3 & 9M FY'25
PYRINOX INVESTOR UPDATE Q3 & 9M FY’25 FEBRUARY 6TH, 2025
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of PVR INOX Limited (“Company”) together with its subsidiaries and joint venture (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitability, financial situations a
Slide 4: Disclaimer
Disclaimer This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, a
Slide 5: Index
Index Particulars Slide No. Key Highlights 5 Box Office Update 7 Result Summary 13 Growth Update 20 Content Pipeline 23 INVESTOR UPDATE : Q3 & 9M FY’25 4
Slide 6: Key Financial Highlights
Key Financial Highlights (INR Mn) TOTAL INCOME EBITDA & EBITDA% PAT & PAT % Q3, FY’25 17,388 2,583 14.9% 681 3.9% Q3, FY’24 15,693 2,259 14.4% 412 2.6% 9M, FY’25 45,893 4,453 9.7% - 460 -1.0% 9M, FY’24 49,133 7,735 15.7% 2,045 4.2% Note: Above financial numbers are after excluding the impact of Ind
Slide 7: Key Operating Highlights
Key Operating Highlights ADMITS (Mn) ATP (INR) SPH (INR) Q3, FY’25 37.3 281 +3.9% 140 +2.1% +6.5% Q3, FY’24 36.5 271 132 9M, FY’25 106.4 259 -2.5% 137 -10.4% +2.9% 9M, FY’24 118.8 266 133 INVESTOR UPDATE : Q3 & 9M FY’25 6
Slide 8: Best Quarterly Performance in the Last 5 Quarters
Best Quarterly Performance in the Last 5 Quarters +6% YoY 10,477 9,882 9,987 PVR INOX GBOC (INR Mn) Q3 FY'24 Q2 FY'25 Q3 FY'25 +2% Admits 36.5 37.3 (Mn) +4% ATP (INR) 271 281 +6.5% 140 SPH (INR) 132 Highest Ever Quarterly ATP and SPH INVESTOR UPDATE : Q3 & 9M FY’25 7 Chart not to scale
Slide 9: Strong Traction in Ad Income in FY'25
Strong Traction in Ad Income in FY’25 (INR Mn) +36% +17% 1,486 1,093 934 Q1 FY'25 Q2 FY'25 Q3 FY'25 Highest Quarterly Ad Income Booked Post Covid INVESTOR UPDATE : Q3 & 9M FY’25 8
Slide 10: Hindi Box Office Impacted by Lower Volume of Films
Hindi Box Office Impacted by Lower Volume of Films Top 3 movies in Q3 FY’25 Number of Hindi Movies PVR INOX Hindi Box Office (Based on Original language including dubbed) (1) (INR Mn) 32 6,677 5,882 19 BHOOL BHULAIYA 3 1,094 | 3,104 Q3 FY'24 Q3 FY'25 Q3 FY'24 Q3 FY'25 Top 3 movies in Q3 FY’24 SINGHA
Slide 11: Hollywood Box Office Sees Strong Year-on-Year Rebound
Hollywood Box Office Sees Strong Year-on-Year Rebound INR Mn PVR INOX Hollywood Box 1,410 Office (1) 647 Q3 FY'24 Q3 FY'25 Number of Titles 16 14 (Based on Original language) (2) Top 3 movies in Q3 FY’24 Top 3 movies in Q3 FY’25 AQUAMAN 2 TAYLOR SWIFT : ERA’S TOUR THE MARVELS MUFASA : THE LION KING
Slide 12: Hollywood Out of the Woods, Strong Lineup in CY 2025
Hollywood Out of the Woods, Strong Lineup in CY 2025 Captain A Complete Snow White Thunderbolts Mission How To Train Jurassic Fantastic Four Conjuring Mortal Now You Avatar 3 America: Unknown Impossible: Your Dragon World The First The Last Combat 2 See Me 3 Brave New The Final (Live Action) Rebirth
Slide 13: Regional Box Office Continues to Perform Well
Regional Box Office Continues to Perform Well PVR INOX Regional Box 3,182 2,551 Office Q3 FY'24 Q3 FY'25 Number of Titles 147 133 (Based on Original language) (1) Top 3 movies in Q3 FY’24 Top 3 movies in Q3 FY’25 SALAAR (ex Hindi) LEO (ex Hindi) HI NANNA (ex Hindi) PUSHPA 2 (ex Hindi) AMARAN (ex Hin
Slide 14: Result Summary (Consolidated) – Q3, FY'25 vs Q3, FY'24
Result Summary (Consolidated) – Q3, FY’25 vs Q3, FY’24 Q3, FY’25 Q3, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 17,591 203 17,388 16,047 354 15,693 Expenses 11,896 -2,909 14,805 10,735 -2,699 13,434 EBITDA 5,6
Slide 15: Result Summary (Consolidated) – 9M, FY'25 vs 9M, FY'24
Result Summary (Consolidated) – 9M, FY’25 vs 9M, FY’24 9M, FY’25 9M, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 46,424 531 45,893 49,582 449 49,133 Expenses 32,716 -8,724 41,440 33,190 -8,208 41,398 EBITDA 13,
Slide 16: Key Operating Numbers
Key Operating Numbers Particulars Units Q3, FY’25 Q3, FY’24 9M, FY’25 9M, FY’24 Reported Reported YoY Change (%) Reported Reported YoY Change (%) Operating Numbers (A) (B) (A / B-1) (A) (B) (A / B-1) Cinema Count (at the end of period) (1) 354 359 -1% 354 359 -1% Screen Count (at the end of period)
Slide 17: Revenue Analysis
Revenue Analysis Particulars (INR Mn) Q3, FY’25 Q3, FY’24 9M, FY’25 9M, FY’24 Weighted Average Screens (1) 1,705 1,668 2% 1,705 1,660 3% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Financials (A) (B) (A / B-1) (A) (B) (A / B-1) Sale of Movie Tickets 8,791 8,308 5.8% 23,102 26,4
Slide 18: Expense Analysis – Consolidated
Expense Analysis – Consolidated Particulars (INR Mn) Q3, FY’25 Q3, FY’24 9M, FY’25 9M, FY’24 Weighted Average Screens (1) 1,705 1,668 2% 1,705 1,660 3% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) (A) (B) (A / B-1) FHC (%) 46.4% 46.9% -49 bps 45.2
Slide 19: Expense Analysis – Comparable Cinemas
Expense Analysis – Comparable Cinemas Particulars (INR Mn) Q3, FY’25 Q3, FY’24 9M, FY’25 9M, FY’24 Comparable Screens 1,475 1,475 0% 1,419 1,419 0% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) (A) (B) (A / B-1) FHC (%) 46.4% 46.8% -45 bps 45.1% 46
Slide 20: Debt & Cash position
Debt & Cash position Net Debt 14,304 (INR Mn) 12,940 9,958 (INR Mn) 31Mar’23 31 Mar'23 31 Mar’24 31 Mar'24 31 31 Dec'24 Dec’24 Gross Debt 17,927 17,177 16,595 Cash 3,623 4,237 6,637 Net Debt 14,304 12,940 9,958 Reduction in Net Debt Post Merger by INR 4,346 Mn INVESTOR UPDATE : Q3 & 9M FY’25 19
Slide 21: Screen Growth Update
Screen Growth Update SCREENS OPENED # CINEMAS OPENED OPENING DATE SCREENS 1. PVR FORUM MALL, KOCHI 10-APR-24 9 2. INOX PHOENIX MARKET CITY, BENGALURU 11-APR-24 14 3. PVR KOPA, KOREGAON PARK, PUNE 8-MAY-24 7 PVR AMBIENCE GURGAON (EXPERIENCE ZONE) (1) 9-MAY-24 4 YTD FY’25 4. INOX URBAN SQUARE UDAIPUR
Slide 22: Update on 'Capital Light' Growth Strategy
Update on ‘Capital Light’ Growth Strategy MANAGEMENT ASSET LIGHT ‘CAPITAL-LIGHT’ CONTRACT MODEL (100% capex by Developer) (40-80% capex by Developer) GROWTH MODEL 31 SCREENS, 69 SCREENS, 100 SCREENS, 8 CINEMAS 14 CINEMAS 22 CINEMAS signed till date signed till date signed till date Majority of New S
Slide 23: Diversified Screen Network of 1,728 Screens across 111 Cities
Diversified Screen Network of 1,728 Screens across 111 Cities PUNJAB JAMMU & KASHMIR 17 cinemas | 90 screens 2 cinemas | 5 screens East CHANDIGARH UTTARAKHAND 3 cinemas | 15 screens 3 cinemas | 16 screens HARYANA UTTAR PRADESH 8% 20 cinemas | 91 screens 27 cinemas | 138 screens SOUTH (1) DELHI JHARK
Slide 24: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q3 & 9M FY’25
Slide 25: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 24
Slide 26: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 25
Slide 27: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 26
Slide 28: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 27
Slide 29: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 28
Slide 30: Content Lineup
Content Lineup INVESTOR UPDATE : Q3 & 9M FY’25 29
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