Slide 1: Exchange filing cover letter for Q4 investor presentation
02nd June, 2021 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, BandraKurla Complex, PJ Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Fort, Mumbai - 400 001 Fax: 022-26598237
Slide 2: Investor Update Q4 & FY 2020-21
INVESTOR UPDATE 04 & FY 2020-21
Slide 3: Disclaimer
Disclaimer 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, suitability, financial situations and ne
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 Covid 19 Impact – An Update 5 Screen Portfolio 7 Consolidated Results Summary 8 Financial Results & Analysis 14 Content Pipeline 21 4
Slide 6: Covid19 Impact – An Update
Covid19 Impact – An Update Key Events National Regional Movies 100% capacity Resurgence of 2nd Staggered Cinemas closed Staggered Lockdown : Pan (Master) allowed. Release wave. Night Lockdown across in the last 2 states Reopening at India Closure of performed dates of tentpole Curfew in most of the
Slide 7: Detailed SOP's for Cinema Reopening
Detailed SOP’s for Cinema Reopening https://youtu.be/QDpkrha8btE 6
Slide 8: Screen Portfolio
Screen Portfolio Punjab Jammu & Kashmir 10 cinemas | 53 screens 1 Cinema | 2 Screens 176 CINEMAS 180K SEATS Chandigarh Uttarakhand 3 cinemas | 15 screens 1 cinema | 5 screens Uttar Pradesh Haryana 18 cinemas | 83 screens 842 SCREENS 71 CITIES 10 cinemas | 35 screens Jharkhand Delhi 2 cinemas | 7 scr
Slide 9: Consolidated Result Summary
CONSOLIDATED RESULT SUMMARY
Slide 10: Results Highlights
Results Highlights Results Highlights – Q4, FY 20-21 vs Q4, FY 19-20 INR lakhs Net Profit After Total Income EBITDA Tax Q4, FY21 19,086 -11,821 -27,167 ------------ 66,178 5,944 -4,794 Q4, FY20 Results Highlights –FY 20-21 vs FY 19-20 Net Profit After Total Income EBITDA Tax FY21 31,043 -42,403 -66,
Slide 11: Key Factors Affecting Performance in Q4
Key Factors Affecting Performance in Q4 Cinemas were permitted to restart operations , with 50% capacity restrictions, by Ministry of Home Affairs (MHA) from 15th October 2020; operations resumed in a staggered manner in Q3 FY 21 with gradual receipt of state government approvals While regional
Slide 12: Consolidated Result Summary – Q4, FY 20-21 vs Q4, FY 19-20
Consolidated Result Summary – Q4, FY 20-21 vs Q4, FY 19-20 Q4, FY 21 Q4, FY 20 Particulars (INR lakhs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 26,326(1) 7,240 19,086 66,178 0 66,178 Expenses 23,820 -7,087(2) 30,907 47,248 -12,986 60,
Slide 13: Consolidated Result Summary – FY 20-21 vs FY 19-20
Consolidated Result Summary – FY 20-21 vs FY 19-20 FY 21 FY 20 Particulars (INR lakhs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 74,935(1) 43,892 31,043 3,45,223 0 3,45,223 Expenses 61,494 -11,952(2) 73,446 2,33,785 -50,044 2,83,829 EB
Slide 14: One Time Tax Impact – Disallowance of Depreciation on Goodwill
One Time Tax Impact – Disallowance of Depreciation on Goodwill Created on Acquisition The Finance Act, 2021 introduced amendments in the various provisions of the Income Tax Act, 1961, excluding Goodwill from the definition of Intangible Assets eligible for depreciation. Due to this amendment co
Slide 15: Financial Results & Analysis
Financial Results & Analysis 14
Slide 16: Income Analysis (Consolidated)
Income Analysis (Consolidated) Q4, FY20-21 vs Q4, FY19-20; FY20-21 vs FY19-20 Particulars Q4, FY 21 Q4, FY 20 % Change Q3, FY 21 % Change FY 21 FY 20 % Change Operating Numbers Screens 842 845 0% 835 1% 842 845 0% Seats 1,80,155 1,81,917 -1% 1,78,994 1% 1,80,155 1,81,917 -1% Admits (lakhs) 58 195 -7
Slide 17: Fixed Expenditure Analysis (Consolidated)
Fixed Expenditure Analysis (Consolidated) Q4, FY20-21 vs Q4 FY19-20 vs Q3, FY20-21; FY20-21 vs FY19-20 Particulars (INR lakhs) Q4, FY 21 Q4, FY 20 % Change Q3, FY 21 % Change FY 21 FY 20 % Change Rent 7,091 13,910 -49% 4,877 45% 11,987 57,742 -79% Common Area Maintenance 3,019 3,945 -23% 660 357% 9,
Slide 18: Rent and CAM
Rent and CAM Rent: Negotiations for FY 21 completed with most of the developers Rent (INR lakhs) 57,742 Received rental waivers for the lockdown period and significantly reduced rentals for the post lockdown period till 31st March 2021 79% Overall rent lower by 79% as compared to FY 20 and Q4,
Slide 19: Other Fixed Expenses
Other Fixed Expenses Personnel Expenses (INR lakhs) Personnel Expenses: 45% 39,381 For FY 21 the personnel expenses is lower by 45% as compared to FY 20 and Q4, FY21 lower by 22% as against Q4, FY20 21,708 Cost savings achieved on account of mix of salary cuts and 5,964 4,858 7,648 manpower rati
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet Reported Gross Debt / Equity (INR lakhs) Particulars (INR lakhs) March 31, 2021 March 31, 2020 Reported Ind AS 116 Adjusted Total Shareholder funds 1,83,340 1,48,051 0.7x 0.9x 0.5x 0.6x Equity Share Capital 6,076 5,135 Other Equity 1,77,263 1,42,887 1,83,340 1,48,051 2,52,
Slide 21: Proforma Consolidated Cash Flow
Proforma Consolidated Cash Flow Particulars (INR lakhs) FY 21 Profit / (loss) before tax -81,192 Add : Depreciation 23,829 Add: Finance Cost 14,901 Add: Share in JV 59 EBITDA -42,403 Add: Refund of Taxes 724 Less : Working capital and other non-cash adjustments -8,914 Cash Flow from operations (A) -
Slide 22: Strong Line Up of Movies
STRONG LINE UP OF MOVIES While there is a strong line of movies available for release, given the current lockdown and uncertainty around re- opening of Cinemas exact release dates of these are not clear 21
Slide 23: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE 22
Slide 24: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE SOORYAVANSHI ATRANGI RE PRITHVIRAJ BACHCHAN PANDEY CAST CAST CAST CAST Akshay Kumar, Akshay Kumar, Akshay Kumar, Akshay Kumar, Katrina Kaif, Dhanush, Deependra Singh, Jacqueline Fernandez, Ajay Devgn Sara Ali Khan Nikkita Chadha Kriti Sanon DIRECTOR DIRECTOR DIRECTOR DIREC
Slide 25: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE LAAL SINGH ANTIM: THE FINAL SHAMSHERA BRAHMASTRA CHADDHA TRUTH CAST CAST CAST CAST Aamir Khan, Salman Khan, Ranbir Kapoor, Ranbir Kapoor, Kareena Kapoor, Nikitin Dheer, Sanjay Dutt, Amitabh Bachchan, Mona Singh Aayush Sharma Aahana Kumra Alia Bhatt DIRECTOR DIRECTOR DIRECT
Slide 26: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE THALAIVI DHAAKAD CHEHRE JHUND CAST CAST CAST CAST Kangana Ranaut, Kangana Ranaut, Amitabh Bachchan, Amitabh Bachchan, Arvind Swamy, Arjun Rampal, Dhritiman Chatterjee, Vicky Kadian, Bhagyashree Divya Dutta Krystle D'Souza Ganesh Deshmukh DIRECTOR DIRECTOR DIRECTOR DIRECTOR
Slide 27: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE 26
Slide 28: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE THE CONJURING : THE BLACK WIDOW NO TIME TO DIE FREE GUY DEVIL MADE ME DO IT CAST CAST CAST CAST Scarlett Johansson, Ana de Armas, Taika Waititi, Patrick Wilson, Florence Pugh, Jeffrey Wright, Ryan Reynolds, Vera Farmiga, Robert Downey Jr. Daniel Craig Jodie Comer Ruairi O'
Slide 29: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE GHOSTBUSTERS THE KING”S MAN TOP GUN : MAVERICK DUNE AFTER LIFE CAST CAST CAST CAST Aaron Taylor-Johnson, Finn Wolfhard, Tom Cruise, Rebecca Ferguson, Gemma Arterton, Mckenna Grace, Jennifer Connelly, Zendaya, Matthew Goode Carrie Coon Miles Teller Jason Momoa DIRECTOR DIRE
Slide 30: Regional Content Pipeline
REGIONAL CONTENT PIPELINE 29
Slide 31: Regional Content Pipeline
REGIONAL CONTENT PIPELINE KGF 2 PHATTE DINDE MAJOR GHANI [KANNADA] CHAKK PUNJABI [TELUGU] [TELUGU] CAST CAST CAST CAST Sanjay Dutt, Neeru Bajwa, Sobhita Dhulipala, Sunil Shetty, Yash, Gippy Grewal, Prakash Raj, Varun Tej, Srinidhi Shetty Ahmad Ali Butt Adivi Sesh Jagapathi Babu DIRECTOR DIRECTOR DIR
Slide 32: Regional Content Pipeline
REGIONAL CONTENT PIPELINE VIKRANT RONA F3 LIGER QISMAT 2 [KANNADA] [TELUGU] [TELUGU] [PUNJABI] CAST CAST CAST CAST Sudeep, Tamannaah Bhatia, Vijay Deverakonda, Sargun Mehta, Tania, Ammy Nirup Bhandari, Mehreen Pirzada, Ananya Panday, Virk Neetha Ashok Venkatesh Daggubati Ramya Krishnan DIRECTOR DIRE
Slide 33: Investor relations contact
For any queries please contact investor relations team: Email ID: investorrelations@pvrcinemas.com