Slide 1: Exchange filing cover letter
21st July, 2022 PVR 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 , Dalai Street , Bandra ( East ) , Mumbai - 400 051 Fort , Mumbai - 400 001 F
Slide 2: Investor Update Q1 FY23
INVESTOR UPDATE July 21 , 2022 st Q1 FY 23 1
Slide 3: Disclaimer
DISCLAIMER PVR INVESTOR UPDATE Q 1 FY 2023 This presentation has been prepared for general information purposes in respect of PVR Limited (“Company”) together with its subsidiaries and joint venture (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitabil
Slide 4: Disclaimer
DISCLAIMER PVR INVESTOR UPDATE Q 1 FY 2023 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 Re
Slide 5: Index
INDEX PVR INVESTOR UPDATE Q 1 FY 2023 PARTICULARS SLIDE NO Key Highlights 5 Result Highlights 6 Screen Portfolio 7 Result Summary 8-9 Financial Analysis 10-19 Screen Opening Outlook FY’23 20 Content Pipeline 21-24 Financial numbers presented in this deck are Consolidated financials, unless otherwise
Slide 6: Key Highlights
KEY HIGHLIGHTS PVR INVESTOR UPDATE Q 1 FY 2023 ₹ 10,004 Mn ₹ 2,079 Mn ₹ 683 Mn HIGHEST HIGHEST HIGHEST REVENUE EBITDA PAT HIGHEST HIGHEST ATP SPH ₹ 250 ₹ 134 Best ever Quarterly Performance across all parameters Note: Above financial numbers are after excluding the impact of Ind AS 116 – ‘Leases’ 5
Slide 7: Result Highlights
RESULT HIGHLIGHTS PVR INVESTOR UPDATE Q 1 FY 2023 AS THE BUSINESS WAS SEVERELY IMPACTED BY PANDEMIC, ALL NUMBERS IN THIS DOCUMENT HAVE BEEN COMPARED AGAINST Q1 FY 20 (PRE PANDEMIC PERIOD) INR Mn TOTAL INCOME EBITDA PAT Q1, FY 23 10,004 2,079 683 +13% +26% +55% Q1, FY 20 8,872 1,655 442 Note: Above f
Slide 8: Screen Portfolio
SCREEN PORTFOLIO • PUNJAB 12 CINEMAS I 63 SCREENS JAMMU & KASHMIR • 1 CINEMA | 2 SCREENS PVR INVESTOR UPDATE Q 1 FY 2023 • CHANDIGARH 3 CINEMAS | 15 SCREENS UTTARAKHAND • 1 CINEMA I 5 SCREENS A # HARYANA 10 CINEMAS I 39 SCREENS UTTAR PRADESH • 18 CINEMAS | 83 SCREENS 173 CINEMAS • DELHI 17 CINEMAS |
Slide 9: Result Summary
»r i \'ii l > <i Vt i < f v 51' [J fl >. ' * 1 V RESULT I Hi T ( i SUMMARY r ‘J Vjfl . * j| —- A /4 ’t A r 4 J
Slide 10: Result Summary
RESULT SUMMARY Q1, FY 23 VS Q1, FY 20 PVR INVESTOR UPDATE Q 1 FY 2023 Q1, FY 23 Q1, FY 20 (Pre Pandemic) Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 10,023 19 10,004 8,872 0 8,872 Expenses 6,398 -1,526 7,924 6,018 -1
Slide 11: Financial Analysis
FINANCIAL ANALYSIS
Slide 12: Revenue Analysis
REVENUE ANALYSIS PVR INVESTOR UPDATE Q 1 FY 2023 Q1, FY 23 Q1, FY 20 GROWTH% Q1, FY 23 Q1, FY 20 GROWTH% 5,302 1,78,630 Net Box Office +16% Seats +3% 4,566 1,73,051 3,238 858 Net F&B +23% Screens +9% 2,634 785 627 Advertisement -32% 174 +4% 916 Locations 167 459 Convenience Fees +13% 406 Other Opera
Slide 13: Box Office Performance
BOX OFFICE PERFORMANCE PVR INVESTOR UPDATE Q 1 FY 2023 BIGGEST EVER BOX OFFICE COLLECTION DRIVEN BY ROBUST UNDERLYING KPI’S… Net Box Office (INR Mn) & Film Hire % ATP (INR) Admits (Mn) & Occupancy 5,302 250 -7% 27 16% 23% 25 4,566 203 33.6% 37.3% 45.6% 44.6% Q1 FY'23 Q1 FY'20 Q1 FY'23 Q1 FY'20 Q1 FY
Slide 14: Language Wise Box Office Contribution
LANGUAGE WISE BOX OFFICE CONTRIBUTION PVR INVESTOR UPDATE Q 1 FY 2023 BASED ON THE LANGUAGE IN WHICH THE TITLE WAS PLAYED 46% 47% 30% Regional Movies X 16% \ 14% 11% 7% 8% 4% 4% 5% 3% 1% 1% 2% 1% 1 HINDI ENGLISH \ TELUGU TAMIL PUNJABI KANNADA MALAYALAM OTHERS / X Q1 FY 23 Q1 FY 20 Regional movies co
Slide 15: F&B Performance
F&B PERFORMANCE PVR INVESTOR UPDATE Q 1 FY 2023 GENERATED ALL TIME HIGH F&B REVENUES WITH STRONG GROWTH IN UNDERLYING DRIVERS F&B revenue (INR Mn) & COGS% SPH (INR) SPH to ATP Ratio (%) 3,238 23% 134 53.7% 32% X 2,634 X 102 X 3.4% \ X\ 27.2% \ 50.4% 23.6% Q1 FY'23 Q1 FY'20 Q1 FY'23 Q1 FY'20 Q1 FY'23
Slide 16: SPH / ATP Ratio Doubled Over Last Decade
SPH / ATP RATIO ~DOUBLED OVER LAST DECADE PVR INVESTOR UPDATE Q 1 FY 2023 54% 49% 42% 44% 41% 38% 36% 32% 28% Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Q1 FY'23 INTRODUCING STREET POOL AND C H A AT COLOURING SHEET - Chocol’k WITH THIS YUMMY MEHL r N J O Y o n HI - c I O U S , I I P -S
Slide 17: Advertising & Convenience Fees
ADVERTISING & CONVENIENCE FEES PVR INVESTOR UPDATE Q1 FY 2023 GRADUAL RECOVERY IN AD REVENUE INR Mn 916 0 BOSCH I' ECOK V/SA O ^MSlS 0CUQ 627 ^ ^ MediBuddy • § & w A TV ^ ( ) N \ OW oppo 68% Recovery ^w HYUnDRI * **“ “ MM UM Dettol s) a | ( , $ MARUTI SUZUKI realme CC kotak Q1 FY'23 Q1 FY'20 CONVENI
Slide 18: Fixed Expenditure Analysis
FIXED EXPENDITURE INVESTOR UPDATE ANALYSIS Q 1 FY 2023 Cost / Screen Particulars (INR Mn) Q1, FY 23 Q1, FY 20 % Change Q1, FY 23 Q1, FY 20 % Change Rent 1,804 1,430 26% 2.1 1.8 15% CAM 439 374 18% 0.5 0.5 8% Personnel 1,040 1,057 -2% 1.2 1.3 -10% Electricity & Water / Utility Charges 567 588 -4% 0.7
Slide 19: Other Overheads Analysis
OTHER OVERHEADS ANALYSIS PVR INVESTOR UPDATE Q 1 FY 2023 Rent & Rent / Screen (INR Mn) Rent cost 1,804 26% Of the total 26% increase in rent cost, ~19% is constituted by 1,430 2.1 15% comparable properties. For the comparable properties, ~14% is on account of increase in MG 1.8 (3 yr CAGR of 4.5
Slide 20: Debt & Liquidity Position
DEBT & LIQUIDITY POSITION PVR INVESTOR UPDATE Q 1 FY 2023 INR Mn Net Debt i i i i i 8,444 9,266 5,698 5,786 14,141 15,052 30 June'22 31 Mar'22 Gross Debt Cash & Cash Equivalents Note: Above financial numbers are after excluding the impact of Ind AS 116 – ‘Leases’ 19
Slide 21: Screen Opening Outlook FY23
SCREEN OPENING OUTLOOK FY 23 PVR INVESTOR UPDATE Q 1 FY 2023 ON TRACK TO OPEN 125 SCREENS IN CURRENT FINANCIAL YEAR 14 SCREENS ACROSS 3 PROPERTIES OPENED SO FAR, 82 SCREENS CURRENTLY UNDER FITOUT ENTERING 9 NEW CITIES (PATIALA AND ROURKELA ALREADY LAUNCHED WITH A TOTAL OF 10 SCREENS) BULK OF THE PRO
Slide 22: Strong Movie Lineup
STRONG . RELEASE CALENDAR IS AS PEPKTB E RELEA ANNOUNCED AS ON DATE AND IS SUBJECT TO CHANGE. CONTENT LINE MOVIE UP SHOWN IN SUBSEQUENT SLIDES ' ' Jt) *|3 MONTHS . LINEUP ' i * « v •T| *v : K I VI IHHI
Slide 23: Content Pipeline
CONTENT PIPELINE PVR INVESTOR UPDATE Q 1 FY 2023 SHAMSHERA X PAWS OF FURY: THANK YOU VIKRANT RONA THE LEGEND OF [ TELUGU] [ KANNADA ] CAST 3 '’ a ' A It HANK RANBIR KAPOOR CAST CAST SANJAY DUTT, CAST NAGA CHAITANYA, KICHCHA SUDEEPA , VAANI KAPOOR MICHAEL CERA RAASHI KHANNA NIRUP BHANDARI, SAMUEL L J
Slide 24: Content Pipeline
CONTENT PIPELINE PVR INVESTOR UPDATE Q 1 FY 2023 k. RAKSHA AGENT THIRUCHITRAMBA NOPE BANDHAN [ TELUGU ] LAM ( TAMIL ) . . AUGUST I CAST CAST CAST CAST DANIEL KALUUYA, AKSHAY KUMAR D|l AKHILAKKINENI, DHANUSH , KEKE PALMER, BHUMI PEDNEKAR SAKSHI VAIDYA RAASHI KHANNA STEVEN YEUN DIRECTOR DIRECTOR DIREC
Slide 25: Content Pipeline
CONTENT PIPELINE PVR INVESTOR UPDATE Q 1 FY 2023 Q uWiiibji ] uita'ji kk * MAN I AA 1 NAM I M •*• » ! »( nmu - k J 1!! rMtimwnttC' M ** R. MAOHA /AH f.MBSHil'l K 'lJRGNA IHiHM KUVIA /.F - (iQ DLJ < A7 R THE WOMEN KING BOTH DHOKHA ROUND D VIKRAM VEDHA Gift PONNIYINSELVAN CORNER [ TAMIL ] CAST (v CAST
Slide 26: Thank You
THANK YOU