Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q3 FY2016 Earnings Presentation
27 slides from Ufo Moviez India's earnings presentation, Feb 2, 2016
Slide 1: Q3 & 9M FY16 Results Presentation
Q3 & 9M FY16 Results Presentation February 02, 2016 * in terms of number of screens.
Slide 2: Safe Harbour
Safe Harbour The presentation has been prepared by UFO Moviez India Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the C
Slide 3: UFO Moviez at a Glance
UFO Moviez at a Glance India’s Largest Digital Cinema Network and In-Cinema Advertising Platform Indian Film Industry’s Largest India’s Largest In-cinema Content Distribution Highway High Impact Advertising Platform 4,984* 3,726 Digital Screens in India In Cinema Advertising Screens ~2.15 million wi
Slide 4: UFO's Innovative Solution for Analog Cinema Market
UFO’s Innovative Solution for Analog Cinema Market Analog Cinema Era beset with … UFO’s Innovative Solution Issues… Satellite Delivery ‘Solution provider’, not In-cinema Advertising of Cinema ‘Product provider’ proposition Satellite Solution Viewers Pan India movie release End to end technology Conn
Slide 5: Philosophy – Value Creation Across the Value Chain
Philosophy – Value Creation Across the Value Chain Digitization has redefined film economics by enabling pan-India releases on day one and improving viewing experience. Aggregated ad inventory across a fragmented exhibitor base has created a unique ad platform with high effectiveness and reach. UFO
Slide 6: Our Vision
Our Vision Recreating Growth Lever Creating additional UFO customer base in India by providing end-to-end Consulting Phase VII Services to Local Entrepreneur to develop greenfield exhibition centers Leveraging Phase Leveraging on Existing Infrastructure Phase VI to build newer Synergetic Businesses
Slide 7: Shareholder Value Creation
Shareholder Value Creation Initial high capital intensity over; poised to generate higher revenues with lower Capital Intensity incremental capex. Capital Efficiency Network Effect and Operational Efficiencies lead to increasing RoCE. Capital Allocation Intent to grow only in synergistic businesses
Slide 8: Financial and Operating Highlights
Financial and Operating Highlights 7
Slide 9: Financial Highlights – Q3FY16
Financial Highlights – Q3FY16 Core Business Q3FY16 (Consolidated, excluding VDSPL) Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 35.3% 19.1% 13.7% 1,437 33.1% 16.5% 12.8% 1,242 274 476 438 205 197 159 15.8% 8.7% 33.5% 24.2% Q3FY15 Q3FY16 Q3F
Slide 10: Financial Highlights – 9MFY16
Financial Highlights – 9MFY16 Core Business 9MFY16 (Consolidated, excluding VDSPL) Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 33.9% 32.2% 17.1% 12.3% 4,220 14.6% 10.3% 3,572 1,359 722 520 1,210 521 369 18.1% 12.3% 38.6% 41.2% 9MFY15 9MFY1
Slide 11: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Hindi Top 10 Telugu Release # of Release # of Movie Movie Date Screens Date Screens 13-Nov PREM RATAN DHAN PAYO 2,924 16-Oct BRUCE LEE - THE FIGHTER 867 18-Dec DILWALE 2,817 11-Dec BENGAL TIGER 739 18-Dec BAJIRAO MASTANI 2,473 13-Nov AKHIL
Slide 12: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Gujarati Top 10 Kannada Release # of Release # of Movie Movie Date Screens Date Screens 20-Nov CHHELLO DIVAS A NEW BEGINNING 259 2-Oct AIRAAVATHA 229 13-Nov AVTAR DHARINE AAVU CHHU 83 25-Dec MASTER PIECE 209 25-Dec BEWAFA SAJAN 47 4-Dec RAT
Slide 13: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Million) Q3FY16 Q3FY15 9MFY16 9MFY15 406 388 353 249 1,112 1,214 866 858 28% 27% 29% 20% 26% 29% 24% 24% 1,445 1,241 4,231 3,551 651 639 1,905 1,827 45% 51% 45% 52% Exhibitors Revenue Distributor Revenue Advertisement Revenue (INR Million) Q3FY16 Q3FY15 Growth 9MFY16 9M
Slide 14: In Cinema Advertising Performance
In Cinema Advertising Performance 13
Slide 15: In Cinema Advertisement Operating Parameter
In Cinema Advertisement Operating Parameter in Million Seats # of UFO Screens Full House Seating Capacity – Annualised* 3,778 3,726 2,686 2,566 Q3FY15 Q3FY16 Q3FY15 Q3FY16 Top 50 Cities Rest of India Q3FY16 Multiplex Single Multiplex Single # of UFO Screens 369 498 486 2,373 *Full House Seating Capa
Slide 16: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Million Government + PSU Corporate + Retail + Caravan 1,112 866 55% 49% 406 353 45% 52% 51% 45% 55% 48% Q3FY15 Q3FY16 9MFY15 9MFY16 In Cinema Advertisement Q3FY16 Q3FY15 9MFY16 9MFY15 Ad Revenue / Screen for the period (Avg) (Rs.) 105,976 93,760 288,960 235,067 Ave
Slide 17: Theatrical Revenues
UFO a digital cinema Theatrical Revenues
Slide 18: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Million) 740 722 668 659 Gross Revenue Net Revenue 237 234 256 250 Q3FY15 Q3FY16 9MFY15 9MFY16 D – Cinema - VPF Domestic Revenue (INR Million) International Revenue (INR Million) 652 613 507 457 493 431 215 208 169 174 163
Slide 19: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens Q3FY16 Q3FY15 9MFY16 9MFY15 E – Cinema 3,531 3,552 3,531 3,552 D – Cinema 1,453 1,465 1,453 1,465 Total 4,984 5,017 4,984 5,017 # of Screens as on December 31, 2015 VPF Revenue / Screen (Average**) (in Rs.) Q3FY16 Q3FY15 9MFY16 9MFY15 E – Cinema G
Slide 20: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q3FY16 Q3FY15 9MFY16 9MFY15 Total 895 837 895 837 # of Screens as on December 31, 2015 VPF Revenue / Screen (Average**) (in Rs.) Q3FY16 Q3FY15 9MFY16 9MFY15 D – Cinema Gross 196,276 203,949 585,396 557,180 D – Cinema Net 61,357 66,236
Slide 21: Progress of Caravan Talkies
Progress of Caravan Talkies Strong growth in number of vans • Added 67 vans during the period ended December 31, 2015 Caravan revenues gradually gaining momentum • Revenues during 9MFY16 stood at Rs. 26.1 million Outlook • Expect modest increase in operating losses in Q4 • Caravan Talkies is expecte
Slide 22: Financial Performance
UFO a digital cinema Financial Performance
Slide 23: Consolidated Results
Consolidated Results (INR Million) Q3FY16 Q3FY15 Growth 9MFY16 9MFY15 Growth Revenue from Operations 1,445 1,241 16.5% 4,231 3,551 19.1% Other Income 7 1 611.4% 23 21 13.9% Total Revenue 1,452 1,242 17.0% 4,254 3,572 19.1% Total Expenses 1,003 804 24.8% 2,937 2,362 24.4% EBITDA 449 438 2.5% 1,317 1,
Slide 24: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q3FY16 Q3FY15 9MFY16 9MFY15 1) Total Operating Direct Cost 43.2% 37.1% 44.3% 39.2% Key Operating Direct Cost Components i) Advertisement revenue share payment 8.0% 8.3% 8.1% 8.1% ii) VPF D-Cinema share payment to D-Cinema Exhibitors
Slide 25: Core Business Financial Performance
Core Business Financial Performance Reconciliation to Core EBITDA (Consolidated, excluding VDSPL) (INR Million) Q3FY16 Q3FY15 Growth 9MFY16 9MFY15 Growth Reported EBITDA 449 438 2.5% 1,317 1,210 8.8% Margin 30.9% 35.3% 31.0% 33.9% Adding VDSPL losses 27 - 42 - Core EBITDA 476 438 8.7% 1,359 1,210 12
Slide 26: Shareholding
Shareholding Marquee Institutional Investors (% of Total # of shares) December 31, 2015 SBI Mutual Fund Promoters 28.58% Reliance Capital Asset Management Foreign Venture Capital Investors 20.06% Wellington International Management FII 8.26% Max Life Insurance DII 15.13% Grandeur Peak Global Advisor
Slide 27: About Us
About Us UFO Moviez India Limited UFO Moviez India Limited (BSE Code: 539141; NSE Code: UFO) is India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens. UFO operates India’s largest satellite-based, digital cinema distribution network usin