Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q1 FY2020 Earnings Presentation
26 slides from Ufo Moviez India's earnings presentation, Aug 13, 2019
Slide 1: UFO Digital Cinema – Investor and Analyst Presentation Cover Letter
• UFO digital cinema Date: August 13, 2019 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, G Dalal Street, Block, Bandra Kurla Complex, Bandra Mumbai - 400 001 (East),Mumbai- 400 051 Fax: 022 - 2272 3121 Fax: 022- 2659
Slide 2: Q1FY20 Results Presentation
Q1FY20 Results Presentation August 13, 2019
Slide 3: 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 4: UFO Moviez at a Glance
UFO Moviez at a Glance India’s Largest In-Cinema Advertising Platform 1,280 Multiplex & Leading Presence Across All Screen 2,320 Single Screens Categories 3,600 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~41 million 876 Advertisers in Q1FY20 Pan India Presence 43
Slide 5: Financial & Operating Highlights
Financial & Operating Highlights 3
Slide 6: Consolidated Financial Highlights
Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) 1,347 21.0% 22.8% 1,268 283 289 5.9% 2.0% Q1FY19 Q1FY20 Q1FY19 Q1FY20 PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 10.7% 6.5% 8.7% 5.6% 135 117 82 76 15.3% 8.1% Q1FY19 Q1FY20 Q1FY19 Q1FY20 *PAT after Non-Co
Slide 7: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q1FY20 Q1FY19 440 451 470 430 34% 35% 35% 34% 1,264 1,344 394 423 31% 31% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q1FY20 Q1FY19 Growth Advertisement Revenue 440 451 -2.6% - In-Cinema Advertisement Revenue 401 401 0.2% - Caravan Advertise
Slide 8: In-Cinema Advertising Performance
In-Cinema Advertising Performance 6
Slide 9: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,600 1,280 2,320 2,121 Mn Top 50 Cities Rest of India Q1FY20 Multiplex Single Multiplex Single # of UFO Screens 467 472 813 1,848 Full House Seating Capacity – Per
Slide 10: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal 401 401 56% 67% 44% 33% Q1FY19 Q1FY20 Q1FY19 Q1FY20 Ad Revenue / Screen for the period (Avg) (Rs.) 103,346 110,021 Average # of minutes sold / show / Ad Screen 4.46 4.64 # of In Cinema Advertising Clients* 861 87
Slide 11: 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 Improved Realizations and Utilization VDSPL’s Financial Performance • Revenue growth driven by higher realization and increased va
Slide 12: Theatrical Revenues
Theatrical Revenues UFO digital cinema
Slide 13: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) 237 241 235 Gross Revenue 232 Net Revenue Q1FY19 Q1FY20 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 129 43 81 80 64 15 18 9 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Domestic includes revenues generated
Slide 14: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q1FY20 Q1FY19 E – Cinema 3,503 3,679 D – Cinema 1,741 1,617 Total 5,244 5,296 # of Screens as on June 30, 2019 VPF Revenue / Screen (Average**) (in Rs.) Q1FY20 Q1FY19 E – Cinema Gross 68,509 64,057 E – Cinema Net 66,570 62,812 D – Cinema Gross***
Slide 15: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q1FY20 Q1FY19 Total* 150 416 # of Screens as on June 30, 2019 VPF Revenue / Screen (Average**) (in Rs.) Q1FY20 Q1FY19 D – Cinema Gross 119,418 104,085 D – Cinema Net 61,795 37,219 *Total # of VPF Generating Screens only in Middle East
Slide 16: Financial Performance
Financial Performance UFO digital cinema
Slide 17: Consolidated Reported P&L Statement
Consolidated Reported P&L Statement (INR Mn) Q1FY20 Q1FY19 Growth Revenue from Operations 1,264 1,344 -5.9% Other Income 4 3 7.3% Total Revenue 1,268 1,347 -5.9% Total Expenses 979 1,064 -8.0% EBITDA 289 283 2.0% Depreciation and Amortisation 177 188 -5.9% EBIT 112 95 17.5% Finance Cost 25 15 69.1%
Slide 18: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q1FY20 Q1FY19 1) Total Operating Direct Cost 42.1% 46.3% Key Operating Direct Cost Components i) Advertisement revenue share payment 12.5% 11.9% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 1.9% 5.6% iii) Purchase of Equipme
Slide 19: Annexure
Annexure UFO digital cinema
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) June 30, 2019 SBI Mutual Fund Promoters 30.09% Foreign Venture Capital Investors 18.52% Reliance Capital Asset Management Foreign Portfolio Investors 3.06% DSP Blackrock Mutual Funds 19.23% Corporate Bodies 3.69% Equinox Partners
Slide 26: 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