Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q4 FY2017 Earnings Presentation
32 slides from Ufo Moviez India's earnings presentation, May 17, 2017
Slide 1: Q4 & FY17 Results Presentation
Q4 & FY17 Results Presentation May 17, 2017 * in terms of number of screens.
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 Digital Cinema Network and In-Cinema Advertising Platform Indian Film Industry’s Largest India’s Largest In-cinema Content Distribution Highway High Impact Advertising Platform 5,105* 3,745 Digital Screens in India In Cinema Advertising Screens ~2.10 million wi
Slide 4: UFO's Innovative Solution for Analog Cinema Market
UFO’s Innovative Solution for Analog Cinema Market Analog Cinema Era beset with … UFO’s Innovative Solution Issues… Satellite Delivery ‘Solution provider’, not In-cinema Advertising of Cinema ‘Product provider’ proposition Satellite Solution Viewers Pan India movie release End to end technology Conn
Slide 5: Philosophy – Value Creation Across the Value Chain
Philosophy – Value Creation Across the Value Chain Digitization has redefined film economics by enabling pan-India releases on day one and improving viewing experience. Aggregated ad inventory across a fragmented exhibitor base has created a unique ad platform with high effectiveness and reach. UFO
Slide 6: Our Vision
Our Vision Recreating Growth Lever Creating additional UFO customer base in India by providing end-to-end Consulting Phase VII Services to Local Entrepreneur to develop greenfield exhibition centers Leveraging Phase Leveraging on Existing Infrastructure Phase VI to build newer Synergetic Businesses
Slide 7: Shareholder Value Creation
Shareholder Value Creation Initial high capital intensity over; poised to generate higher revenues with lower Capital Intensity incremental capex. Capital Efficiency Network Effect and Operational Efficiencies lead to increasing RoCE. Capital Allocation Intent to grow only in synergistic businesses
Slide 8: Financial and Operating Highlights
Financial and Operating Highlights 7
Slide 9: Financial Highlights – Q4FY17 vs Q4FY16
Financial Highlights – Q4FY17 vs Q4FY16 Consolidated, excluding VDSPL* Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT** (INR Mn) & Margin (%) 38.5% 24.8% 1,548 1,451 32.6% 14.9% 15.0% 19.8% 559 504 360 216 232 307 6.7% 9.8% 14.8% 7.5% Q4FY16 Q4FY17 Q4FY16 Q4FY17 Q4
Slide 10: Financial Highlights – FY17 vs FY16
Financial Highlights – FY17 vs FY16 Consolidated, excluding VDSPL* Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT** (INR Mn) & Margin (%) 33.8% 32.4% 5,671 5,949 19.1% 19.0% 13.5% 13.0% 1,918 1,927 1,082 1,130 736 803 4.9% 0.5% 4.4% 9.0% FY16 FY17 FY16 FY17 FY16 FY
Slide 11: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Hindi Top 10 Telugu Release # of Release # of Movie Movie Date Screens Date Screens 27-Jan RAEES 2,835 13-Jan KHAIDI NO.150 1,069 10-Mar BADRINATH KI DULHANIA 2,397 24-Mar KATAMARAYUDU 884 27-Jan KAABIL 2,386 13-Jan GAUTAMIPUTRA SATKARNI 75
Slide 12: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Malayalam Top 10 Kannada Release # of Release # of Movie Movie Date Screens Date Screens 20-Jan MUNTHIRIVALLIKAL THALIRKKUMBOL 283 24-Feb HEBBULI 281 20-Jan JOMONTE SUVISESHANGAL 269 3-Feb CHOWKA 219 3-Feb FUKRI 193 24-Mar RAAJAKUMARA 200 3
Slide 13: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q4FY17 Q4FY16 FY17 FY16 449 314 1,607 1,578 1,533 478 466 1,790 29% 21% 27% 28% 27% 31% 32% 30% 1,549 1,464 5,972 5,701 622 684 2,575 2,590 40% 47% 43% 45% Exhibitor Revenue Distributor Revenue Advertisement Revenue (INR Mn) Q4FY17 Q4FY16 Growth FY17 FY16 Growth Adv
Slide 14: In Cinema Advertising Performance
In Cinema Advertising Performance 13
Slide 15: In Cinema Advertisement Operating Parameter
In Cinema Advertisement Operating Parameter in Mn Seats # of UFO Screens Full House Seating 3,713 3,745 Capacity – Annualised* 2,557 2,485 Q4FY16 Q4FY17 Q4FY16 Q4FY17 Top 50 Cities Rest of India FY17 Multiplex Single Multiplex Single # of UFO Screens 428 479 599 2,239 Full House Seating Capacity – 1
Slide 16: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal + Caravan 1,790 1,578 45% 48% 466 449 55% 33% 43% 52% 67% 57% Q4FY16 Q4FY17 FY16 FY17 In Cinema Advertisement Q4FY17 Q4FY16 FY17 FY16 Ad Revenue / Screen for the period (Avg) (Rs.) 120,117 121,402 474,597 410,275 Average #
Slide 17: Theatrical Revenues
UFO a digital cinema Theatrical Revenues
Slide 18: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) 989 962 1,027 978 Gross Revenue Net Revenue 249 240 243 231 Q4FY16 Q4FY17 FY16 FY17 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 857 825 683 662 614 589 245 219 215 184 198 151 176 164 56 56
Slide 19: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens Q4FY17 Q4FY16 FY17 FY16 E – Cinema 3,538 3,544 3,538 3,544 D – Cinema 1,567 1,490 1,567 1,490 Total 5,105 5,034 5,105 5,034 # of Screens as on March 31, 2017 VPF Revenue / Screen (Average**) (in Rs.) Q4FY17 Q4FY16 FY17 FY16 E – Cinema Gross 68,830
Slide 20: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q4FY17* Q4FY16 FY17* FY16 Total 819 881 819 881 # of Screens as on March 31, 2017 VPF Revenue / Screen (Average**) (in Rs.) Q4FY17 Q4FY16 FY17 FY16 D – Cinema Gross 190,793 198,492 778,362 795,360 D – Cinema Net 65,391 63,417 253,491
Slide 21: Progress of Caravan Talkies
Progress of Caravan Talkies • Caravan Talkies was non-operational in Q4FY17 due to adverse impact of demonetization in rural India • Losses have reduced owing to cost optimization initiatives undertaken • Operations have re-commenced in Q1FY18 • Caravan Talkies has gained healthy momentum • Currentl
Slide 22: Financial Performance
UFO a digital cinema Financial Performance
Slide 23: Consolidated Results
Consolidated Results (INR Mn) Q4FY17 Q4FY16 Growth FY17 FY16 Growth Revenue from Operations 1,549 1,464 5.8% 5,972 5,701 4.8% Other Income 7 3 152.5% 17 20 -19.2% Total Revenue 1,556 1,467 6.0% 5,989 5,721 4.7% Total Expenses 1,066 936 13.8% 4,144 3,873 7.0% EBITDA 490 531 -7.6% 1,845 1,848 -0.2% De
Slide 24: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q4FY17 Q4FY16 FY17 FY16 1) Total Operating Direct Cost 42.0% 36.7% 41.4% 42.4% Key Operating Direct Cost Components i) Advertisement revenue share payment 8.0% 8.7% 8.6% 8.2% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 10.7
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liability Assets 31-Mar-17 31-Mar-16 31-Mar-17 31-Mar-16 (INR Mn) (INR Mn) Shareholder’s Funds Non-Current Assets Equity Share Capital 276 275 Fixed Assets 2,685 2,991 Reserves and Surplus 5,508 4,890 Goodwill on Consolidation 1,833 1,721 Total of Shareholder’s
Slide 26: Financial Performance excluding VDSPL
Financial Performance excluding VDSPL Reconciliation to EBITDA excluding VDSPL* (INR Mn) Q4FY17 Q4FY16 Growth FY17 FY16 Growth Reported EBITDA including VDSPL 490 531 -7.6% 1,845 1,848 -0.2% Margin 31.5% 36.2% 30.8% 32.3% VDSPL EBITDA Loss 14 28 82 70 EBITDA Excluding VDSPL 504 559 -9.8% 1,927 1,918
Slide 27: Annexure
UFO a digital cinema Annexure
Slide 28: Financial Highlights – 5 Years
Financial Highlights – 5 Years Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) 5,721 5,989 33.6% 31.7% 31.3% 32.3% 30.8% 4,793 4,250 1,848 1,845 1,608 3,375 1,332 1,069 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 17.1% 11.2% 11.1% 10.5%
Slide 29: Advertisement Revenue – 5 Years
Advertisement Revenue – 5 Years INR Mn Government + PSU Corporate + Hyperlocal + Caravan 1,790 1,578 FY13 – FY17 45% 1,167 Revenue CAGR 27% 999 48% 46% 695 41% 19% 55% 52% 81% 59% 54% FY13 FY14 FY15 FY16 FY17 # of Screens with Ad Rights 3,071 3,592 3,784 3,713 3,745 Annual Ad Revenue / Screen (Avg)
Slide 30: Key Financial Parameters – 5 Years
Key Financial Parameters – 5 Years RoCE (%) RoE (%) 17.63% 12.83% 13.09% 15.44% 11.49% 11.54% 14.34% 12.66% 10.10% 12.01% FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 Net Debt* (INR Mn) Net Debt / EBITDA (X) 0.83 1,108 0.65 691 507 0.32 24 0.01 -718 -0.39 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15
Slide 31: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) March 31, 2017 SBI Mutual Fund Promoters 28.13% Reliance Capital Asset Management Foreign Venture Capital Investors 19.03% DSP Blackrock FII 3.25% Equinox Partners DII 21.31% Reliance Nippon Life Insurance Corporate Bodies 7.01%
Slide 32: 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