Slide 1: Investor Presentation February 2017
INVESTOR PRESENTATION February 2017
Slide 2: Disclaimer
Disclaimer Safe Harbor: - Some information in this report may contain forward-looking statements. We have based these forward looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are ide
Slide 3: Company Overview
Company Overview India’s largest cinema chain 75 569 Million Screens Guests Leadership position in India with approx. 40% share of Hollywood Box Office and approx. 25% share of Bollywood Box Office 123 48 Theatres Cities 5 mn sq.ft of operational retail space, another 4 mn sq.ft under developm
Slide 4: 18 States 28 Cities 123 Cinemas
18 STATES 28 CITIES 123 CINEMAS 569 SCREENS 1,29,991 SEATS 4
Slide 5: India – A High Growth Box Office Market
India – A High Growth Box Office Market Movie going is the number 1 entertainment option for people in India Largest number of movies released in the world (1,000 movie releases and over 1.93 billion movie goers annually) 1 Domestic box office collections contribute almost 3/4th of the film in
Slide 6: India – A High Growth Box Office Market
India – A High Growth Box Office Market 227 208 190 Industry is projected to grow @ 10% CAGR in next 5 years 174 159 138 2015 2016(E) 2017(E) 2018 (E) 2019(E) 2020(E) Source: KPMG FICCI Report 2016 6th Largest movie market in the world Source: MPAA Theatrical Market Statistics Report 2015 6
Slide 7: India – A High Growth Box Office Market
India – A High Growth Box Office Market 6 23 27 58 Under screened market with huge potential for growth 60 84 87 123 10,600 9,500 9,675 7,300 Modern day Multiplexes are growing & single screens are shutting down 2,200 925 2009 2016 Source: CRISIL Research Report May, 2016 7
Slide 8: Our Key Strengths
Our Key Strengths Diversified Product Offerings Strong Location Premium & Product guest Strategy experience Comfort & PVR Cutting Edge Convenience Technology Leader in Ad Best in class revenues concessions 8
Slide 9: Diversified Product Offerings
Diversified Product Offerings 7 Star movie experience along with fine dining 4 Screens One of a Kind movie experience Luxurious comfortable Reclining seats Gourmet menu with live kitchen 28 Screens Intended for an audience who desire a great, exclusive experience Premium seating 119 Scre
Slide 10: Strong Location Strategy
Strong Location Strategy Present in leading Indian malls (representative list) “A+ Site” real estate locations providing competitive advantage Anchor tenant in more than 60% of top 20 Malls in India Asset light model with no ownership of real estate Long term rental agreements (15-20 years)
Slide 11: Aggregation of Leading Screening Technologies
Aggregation of Leading Screening Technologies DIGITAL 100% Digital Screens using 4K and 2K DCI compliant projectors SCREENS 4DX Revolutionary cinematic experience stimulating all five senses Technology Dream world for kids with child themed colorful wall art Playhouse Bean bag sitting sets a
Slide 12: Highest Admissions Per Screen Across The Globe
Highest Admissions Per Screen Across The Globe ADMISSIONS ADMISSIONS Cinema Chains (000) SCREENS PER SCREEN (000) PVR1 69,600 516 135 US & MEXICO MARKET Regal2 217,000 7,307 30 AMC2 197,000 5,426 36 Cinemark2 264,000 5,840 45 Carmike2 59,100 2931 20 Cinepolis2 262,000 4,700 56 ASIA MARKET Major- Tha
Slide 13: PVR Launches VKAAO – Movies on Demand @ Theatres
PVR Launches VKAAO – Movies on Demand @ THEATRES Vkaao is an online (web and app) platform enabling consumers to An Integrated MOD platform for Indian Market watch any movie of their choice at their choice of the theatre as well as date and time • Analytics and intelligence • Hollywood, Bollywood,
Slide 14: More than 500 movies in the library
More than 500 movies in the library, ranging from Hollywood commercial hits to Bollywood classics to regional specials
Slide 15: Best in Class Concessions
Best in Class Concessions Enhanced F&B offerings F&B Spend per patron (INR) Highest F&B spend per patron 82 72 64 53 40 46 FY11-12 FY12-13 FY13-14 FY14-15 FY 15-16 9M FY16-17 15
Slide 16: Best in Class Concessions
Best in Class Concessions Huge potential for growth PVR International Chains F&B Spend Per Head as a % of F&B Spend Per Head as a % Average Ticket Price of Average Ticket Price 41% 38% 59% 36% 46% 50% 32% 36% 29% 27% 31% 28% 25% FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 9M,FY FY 15-16 H1, FY16-
Slide 17: Leader in Advertisement Revenues
Leader in Advertisement Revenues Premium brand recognition leading to pricing premium Advertisement Revenue (INR mn)1 2,145 Partnership with multiple brands across sectors 1,771 Advertisement revenues 2X of the nearest competitor 1,517 859 654 FY11-12 FY12-13 FY13-14 FY14-15 FY15-16 Advertisem
Slide 18: Comfort and Convenience – Rising Online Penetration
Comfort and Convenience – Rising Online Penetration Online ticket booking is extremely convenient, saves time and make 44% 80 cinemas more accessible to consumers 70 34% 40% 60 26% 30% 50 19% PVR’s own mobile app allows consumers to select movie, cinema, 20% 40 70 time slot, seat and also pre or
Slide 19: 9M, FY16-17 Performance Snapshot - Consolidated
9M, FY16-17 Performance Snapshot - Consolidated 9 Months1 FY 15-16 Revenue Mix Particulars (INR mn) FY 2016-17 FY 2015-16 Growth F&B Sponsorship Income 166,216 146,108 14% 25% Revenues 11% Expenses 136,352 118,039 16% Other Operating Profit 29,864 28,069 6% Businesses 7% Operating Profit Margin 18.0
Slide 20: Box Office Performance
Box Office Performance – FY 2015-16 Net Box Office (INR mn) Admits (mn) & Occupancy (%) Average Ticket Price1 (INR) 34.6% 192 34.6% 31.2% 188 10,143 23% 70 7% 60 11% 31.5% 18% 59 5% 8,245 54 180 178 FY15-16 FY14-15 FY15-16 FY14-15 FY15-16 FY14-15 FY15-16 FY14-15 FY15-16 FY14-15 Comparable Total Comp
Slide 21: F&B Performance
F&B Performance – FY 2015-16 Net F&B (INR mn) Spend Per Head (INR) COGS 4,667 34% 73 72 14% 28.8% 3,482 13% 64 64 -3.9% 24.9% FY15-16 FY14-15 FY15-16 FY14-15 FY15-16 FY14-15 Comparable Total FY15-16 FY14-15 F&B Performance – 9M, FY 2016-17 Net F&B (Rs Lacs) Spend Per Head (Rs) COGS 82 13% 25.0% 16%
Slide 22: Revenue & Expenditure Analysis
Revenue & Expenditure Analysis – 9M,FY16-17 &FY15-16 Revenues Breakup (INR mn) Fixed Overheads (% of Total Income) 783 2,065 917 1,923 4,667 9.9% 9.5% 4,220 10,143 17.5% 17.2% 8,528 4.0% 3.9% 9M, FY16-17 FY15-16 Net Box Office Food & Beverages Advertising Other Revenues 11.7% 11.3% % Share 9M, FY16-
Slide 23: GST - Game changer for the Exhibition Industry
GST - Game changer for the Exhibition Industr y GST will replace the multiciplity of taxes such as Entertainment Tax, VAT and Service Tax with one single GST rate Will benefit from reduction in effective indirect tax rate Input tax credit will be available for set off against the output tax li
Slide 24: Superior Financial Performance vs Competition
Superior Financial Performance vs Competition Revenues (INR mn) EBIDTA (INR mn) 64% 78% 3,558 83% 19,063 16,755 3,120 144% 11,632 1,942 9,390 1,280 FY15-16 9M, FY16-17 FY15-16 9M, FY16-17 PVR INOX PVR INOX Revenue per screen (INR mn)1 EBIDTA per screen (INR mn)1 35% 23% 39% 95% 36.2 37.26 7 6 29.5 2
Slide 25: Superior Operating Performance vs Competition
Superior Operating Performance vs Competition Admits (mn) & Occupancy (%) ATP (INR) 30% 40% 198 11% 35% 70 29% 33% 188 11% 57 28% 179 53 41 170 FY15-16 9M, FY16-17 FY15-16 9M, FY16-17 PVR INOX PVR INOX SPH (INR) Sponsorship Revenues (INR mn) 25% 29% 82 136% 72 2,145 63 1,923 58 155% 910 753 FY15-16
Slide 26: Robust Growth
Robust Growth Properties Screen 112 516 97 104 464 85 421 351 33 38 144 166 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16 Cities Footfalls (mn) 46 70 42 39 60 59 34 22 37 18 25 20 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16 26
Slide 27: Strong Financial Performance
Strong Financial Performance Revenues (INR mn) EBITDA (INR mn) 3,582 18,971 13,588 14,859 2,230 2,097 8,154 1,259 4,699 5,298 993 858 FY11 FY12 FY13 FY14 FY15 FY16 FY11 FY12 FY13 FY14 FY15 FY16 PAT (INR mn) 1,193 443 504 252 116 3 FY11 FY12 FY13 FY14 FY15 FY16 27
Slide 28: Thank You!
THANK YOU !