Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — H1 FY2020 Earnings Presentation
25 slides from Ufo Moviez India's earnings presentation, Nov 6, 2019
Slide 1: Q2&H1FY20 Results Presentation
Q2&H1FY20 Results Presentation November 06, 2019
Slide 2: 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 3: UFO Moviez at a Glance
UFO Moviez at a Glance India’s Largest In-Cinema Advertising Platform 1,352 Multiplex & Leading Presence Across All Screen 2,289 Single Screens Categories 3,641 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~41 million 907 Advertisers in Q2FY20 Pan India Presence 42
Slide 4: Financial & Operating Highlights
Financial & Operating Highlights 3
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights Q2FY20 YoY Comparison (INR Mn) Total Revenue EBITDA & Margin (%) PBT & Margin (%) PAT/Net Loss* & Margin (%) PAT* ex Net DTA write down & Margin (%) 12.6 25.3 % 8.1% % 8.1% 7.2% 1,335 21.6% 9.1% -2.8% 1,251 168 108 338 113 271 108 91 132.8% 6.3% 19.9% 32.6% 16.0% -3
Slide 6: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q2FY20 Q2FY19 H1FY20 H1FY19 379 397 819 866 31% 490 30% 942 477 33% 907 32% 37% 35% 1,246 38% 1,332 2,510 36% 2,676 390 445 784 868 31% 33% 31% 33% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q2FY20 Q2FY19 Growth H1FY20 H1FY19 Growth Adverti
Slide 7: In-Cinema Advertising Performance
In-Cinema Advertising Performance 6
Slide 8: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,641 1,352 2,289 2,107 Mn Top 50 Cities Rest of India Q2FY20 Multiplex Single Multiplex Single # of UFO Screens 493 445 859 1,844 Full House Seating Capacity – Per
Slide 9: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal 854 761 52% 453 65% 360 48% 63% 48% 52% 35% 37% Q2FY19 Q2FY20 H1FY19 H1FY20 Q2FY19 Q2FY20 H1FY19 H1FY20 Ad Revenue / Screen for the period (Avg) (Rs.) 118,404 99,448 221,900 207,540 Average # of minutes sold / sh
Slide 10: Repositioned and Retooled Caravan Talkies for Growth
Repositioned and Retooled Caravan Talkies for Growth 360 Degree Activation Customer Research Brand Experience Solution Movie Screening Brand Activation Driving Footfalls Taking Brands to Rural India VDSPL’s Financial Performance (INR Mn) Q2FY20 Q2FY19 Change H1FY20 H1FY19 Change Revenue 24 42 (18) 7
Slide 11: Theatrical Revenues
Theatrical Revenues UFO digital cinema
Slide 12: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) Gross Revenue 511 497 491 481 Net Revenue 275 265 250 247 Q2FY19 Q2FY20 H1FY19 H1FY20 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 226 102 156 166 135 58 97 86 75 71 38 22 19 10 1 0 Q2FY19 Q
Slide 13: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q2FY20 Q2FY19 H1FY20 H1FY19 E – Cinema 3,492 3,628 3,492 3,628 D – Cinema 1,775 1,674 1,775 1,674 Total 5,267 5,302 5,267 5,302 # of Screens as on September 30, 2019 VPF Revenue / Screen (Average**) (in Rs.) Q2FY20 Q2FY19 H1FY20 H1FY19 E – Cinema
Slide 14: Financial Performance
UFO digital cinema Financial Performance
Slide 15: Consolidated Reported P&L Statement
Consolidated Reported P&L Statement (INR Mn) Q2FY20 Q2FY19 Growth H1FY20 H1FY19 Growth Revenue from Operations 1,246 1,332 -6.4% 2,510 2,676 -6.2% Other Income 5 3 71.1% 9 6 38.6% Total Revenue 1,251 1,335 -6.3% 2,519 2,682 -6.1% Total Expenses 980 997 -1.6% 1,960 2,061 -4.9% EBITDA 271 338 -19.9% 5
Slide 16: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY20 Q2FY19 H1FY20 H1FY19 1) Total Operating Direct Cost 42.2% 40.5% 42.2% 43.4% Key Operating Direct Cost Components i) Advertisement revenue share payment 11.4% 11.7% 12.0% 11.8% ii) VPF D-Cinema share payment to D-Cinema Exhibit
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Equity and Liability 30-Sep-19 31-Mar-19 30-Sep-19 31-Mar-19 (INR Mn) (INR Mn) Equity Non-Current Assets Equity Share Capital 284 284 Property, plant and equipment 1,888 2,046 Other Equity Capital work-in-progress 110 87 Reserves and surplus 3,621 4,593 Right-of-use
Slide 18: Annexure
Annexure UFO digital cinema
Slide 19: In Cinema Advertisement Network
In Cinema Advertisement Network Share of Multiplex Screens Total Screens: 3,697 FY 19 1,266 2,431 34% Total Screens: 3,897 FY 18 1,194 2,703 31% Stable Total Screens: 3,745 Advertisement FY 17 1,027 2,718 27% Screen Network, with an increasing Total Screens: 3,713 proportion of FY 16 857 2,856 23% M
Slide 20: Robust Advertisement Performance
Robust Advertisement Performance Advertisement Revenues (INR Mn) 2,372 2,136 1,790 1,578 1,167 999 FY14 FY15 FY16 FY17 FY18 FY19 19
Slide 21: Sustained Growth in In-Cinema Advertising
Sustained Growth in In-Cinema Advertising INR Mn Government + PSU Corporate + Hyperlocal 2,047 2,131 1,770 FY14 – FY19 1,538 43% 47% Revenue CAGR 16% 1,164 44% 999 47% 46% 41% 56% 57% 53% 53% 59% 54% FY14 FY15 FY16 FY17 FY18 FY19 # of Screens with Ad Rights 3,592 3,784 3,713 3,745 3,897 3,697 Annual
Slide 22: Demonstrated Levers for Shareholder Value Creation
Demonstrated Levers for Shareholder Value Creation RoCE (%) 17.63% 19.24% 17.01% Low Capital Intensity 16.74% 12.66% 14.34% Initial high capital intensity over; generating higher revenues with lower incremental Capex. FY14 FY15 FY16 FY17* FY18* FY19* Improving Capital Efficiency Capex Digital Cinema
Slide 23: Key Financial Parameters
Key Financial Parameters Net Fixed Asset Turnover (x) RoE (%) 14.93% 2.98 13.09% 13.39% 13.64% 12.83% 2.50 11.49% 2.30 1.96 1.56 1.23 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16 FY17* FY18* FY19* Net Debt** (INR Mn) Net Cash Flow from Operating Activities (INR Mn) 1,108 507 1,588 24 1,215 1,138
Slide 24: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) September 30, 2019 SBI Mutual Fund Promoters 30.09% Foreign Venture Capital Investors 18.52% Reliance Nippon Life Asset Management Foreign Portfolio Investors 2.30% DSP Investment Managers Mutual Funds 18.41% Corporate Bodies 4.1
Slide 25: 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