Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — Q1 FY2025 Earnings Presentation
25 slides from Pvr Inox's earnings presentation, Jul 19, 2024
Slide 1: Exchange filing cover letter - Q1 FY25 Investor Presentation
19th July, 2024 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: 022-2659823
Slide 2: Investor Update: Q1 FY'25
INVESTOR UPDATE INVESTOR UPDATE : Q1 FY’25 Q1 FY’25 JULY 19th, 2024
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 9 Growth Update 14 Content Pipeline 17 INVESTOR UPDATE : Q1 FY’25 4
Slide 6: Key Financial Highlights
Key Financial Highlights EBITDA & (in INR Mn) TOTAL INCOME EBITDA % PAT Q1, FY’25 12,086 -199 -1.6% -1,366 Q1, FY’24 13,244 1,003 7.6% -441 Note: Above financial numbers are after excluding the impact of Ind AS 116 – ‘Leases’ INVESTOR UPDATE : Q1 FY’25 5
Slide 7: Key Operating Highlights
Key Operating Highlights ADMITS (Mn) ATP (INR) SPH (INR) Q1, FY’25 30.4 (-10.4%) 235 (-4.7%) 134 (+3.1%) Q1, FY’24 33.9 246 130 The above data excludes Operating KPIs of management properties INVESTOR UPDATE : Q1 FY’25 6
Slide 8: Soft Quarter: Less releases and lack of blockbusters
Soft Quarter : Less releases and lack of blockbusters….. Q1 FY’25 witnessed 13% YoY drop in releases (1) Sharp drop in ‘Blockbuster’ films 238 Releases with more than INR 100 crs GBOC 208 -13% 7 Others 61 54 Kannada 27 23 3 Malayalam 33 26 30 Q1 FY'24 Q1 FY'25 Tamil 40 Telugu 32 32 Adipurush – 3,246
Slide 9: Top 5 movies in Q1 FY'25
Top 5 movies in Q1 FY’25 PVR INOX GBOC | India GBOC(1) (INR Mn) HINDI MUNJYA KALKI CREW(2) CHANDU CHAMPION MAIDAAN 457 | 1,114 447 | 1,309 347 | 610 323 | 676 301 | 614 ENGLISH GODZILLA X KONG(2) INSIDE OUT 2 KINGDOM OF THE PLANET OF THE APES FURIOSA KUNG FU PANDA 4(2) 384 | 789 200 | 249 130 | 288
Slide 10: Result Summary (Consolidated) – Q1 FY'25 vs Q1 FY'24
Result Summary (Consolidated) – Q1, FY’25 vs Q1, FY’24 Q1, FY’25 Q1, 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 12,194 108 12,086 13,298 54 13,244 Expenses 9,392 -2,893 12,285 9,524 -2,717 12,241 EBITDA 2,802
Slide 11: Key Operating Numbers
Key Operating Numbers Particulars Units Q1, FY’25 Q1, FY’24 Reported Reported YoY Change (%) Operating Numbers (A) (B) (A / B-1) Closing Cinemas Count(1) 361 360 0.3% Closing Screens Count (1) 1,754 1,697 3.4% Weighted Average Screens (2) 1,702 1,646 3.4% Admits Mns 30.4 33.9 -10.4% Occupancy % 20.3
Slide 12: Revenue Analysis
Revenue Analysis Particulars (INR Mn) Q1, FY’25 Q1, FY’24 Weighted Average Screens 1,702 1,646 3.4% Reported Reported YoY Change (%) Financials (A) (B) (A / B-1) Sale of Movie Tickets 5,935 6,945 -14.5% Sale of Food & Beverages 4,018 4,277 -6.1% Advertisement Income 934 893 4.6% Convenience Fees 438
Slide 13: Expense Analysis
Expense Analysis Particulars (INR Mn) Q1, FY’25 Q1, FY’24 Weighted Average Screens 1,702 1,646 3% Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) FHC (%) 44.2% 45.7% -151 bps COGS (%) 24.5% 24.7% -16 bps Fixed Cost Rent 3,029 2,801 8.1% CAM 891 795 12.1% Personnel 1,643 1,559 5.4% E
Slide 14: Debt & Cash Position
Debt & Cash Position INR Mn Gross Debt 17,177 16,946 4,237 3,751 12,940 13,195 31 Mar'24 30 June'24 Net Debt Cash & Cash Equivalents Gross debt reduced by INR 231 mn during the quarter INVESTOR UPDATE : Q1 FY’25 13
Slide 15: Growth
GROWTH 14
Slide 16: Screen Growth Update
Screen Growth Update # Cinemas Opened Opening Date Screens 1. PVR Forum Mall, Kochi 10-Apr-24 9 2. INOX Phoenix Market City, Bengaluru (Mall of Asia) 11-Apr-24 14 3. PVR KOPA, Koregaon Park, Pune 8-May-24 7 4. PVR Ambience Gurgaon (Experience Zone)(1) 9-May-24 4 5. INOX Urban Square Udaipur 30-May-2
Slide 17: Diversified Screen Network of 1,754 Screens
Diversified Screen Network of 1,754 Screens across 113 Cities PUNJAB JAMMU & KASHMIR 16 cinemas | 83 screens 2 cinemas | 5 screens East CHANDIGARH UTTARAKHAND 3 cinemas | 15 screens 2 cinemas | 10 screens HARYANA UTTAR PRADESH 8% 21 cinemas | 93 screens 29 cinemas | 145 screens SOUTH (1) DELHI JHARK
Slide 18: Content Lineup
CONTENT LINEUP
Slide 19: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 18
Slide 20: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 19
Slide 21: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 20
Slide 22: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 21
Slide 23: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 22
Slide 24: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 23
Slide 25: Content Lineup
The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q1 FY’25 24