Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q3 FY2017 Earnings Presentation
31 slides from Ufo Moviez India's earnings presentation, Feb 2, 2017
Slide 1: Q3 & 9M FY17 Results Presentation
Q3 & 9M FY17 Results Presentation February 02, 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 5,052* 3,737 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 – Q3FY17 vs Q3FY16
Financial Highlights – Q3FY17 vs Q3FY16 Consolidated, excluding VDSPL* Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT** (INR Mn) & Margin (%) 33.1% 19.1% 1,437 1,473 30.8% 17.1% 13.7% 12.1% 476 453 274 252 197 179 2.5% 4.7% 8.1% 9.2% Q3FY16 Q3FY17 Q3FY16 Q3FY17 Q3F
Slide 10: Financial Highlights – 9MFY17 vs 9MFY16
Financial Highlights – 9MFY17 vs 9MFY16 Consolidated, excluding VDSPL* Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT** (INR Mn) & Margin (%) 4,401 32.2% 32.3% 18.7% 13.0% 4,220 17.1% 12.3% 1,359 1,423 823 722 520 571 4.3% 4.7% 14.0% 9.7% 9MFY16 9MFY17 9MFY16 9MFY1
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 23-Dec DANGAL 2,914 9-Dec DHRUVA 794 30-Sep M.S.DHONI THE UNTOLD STORY 2,666 30-Sep HYPER (PRATHI INTLO OKADUNTAADU) 544 28-Oct SHIVAAY 2,595 21-Oct ISM 495
Slide 12: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Tamil Top 10 Kannada Release # of Release # of Movie Movie Date Screens Date Screens 28-Oct KODI 299 30-Sep DODMANE HUDGA 276 11-Nov ACHCHAM YENBADHU MADAMAIYADA 253 14-Oct NAGARAHAVU 239 7-Oct REMO 250 28-Oct MUKUNDA MURARI 216 28-Oct KAAS
Slide 13: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q3FY17 Q3FY16 9MFY17 9MFY16 427 432 406 391 1,341 1,128 1,112 1,219 29% 29% 28% 27% 30% 26% 26% 29% 1,486 1,448 4,423 4,236 627 651 1,954 1,905 42% 45% 44% 45% Exhibitor Revenue Distributor Revenue Advertisement Revenue (INR Mn) Q3FY17 Q3FY16 Growth 9MFY17 9MFY16 Gr
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 3,726 3,737 Capacity – Annualised* 2,566 2,503 Q3FY16 Q3FY17 Q3FY16 Q3FY17 Top 50 Cities Rest of India Q3FY17 Multiplex Single Multiplex Single # of UFO Screens 422 483 569 2,263 Full House Seating Capacity –
Slide 16: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal + Caravan 1,341 1,112 46% 55% 406 427 50% 54% 52% 45% 48% 50% Q3FY16 Q3FY17 9MFY16 9MFY17 In Cinema Advertisement Q3FY17 Q3FY16 9MFY17 9MFY16 Ad Revenue / Screen for the period (Avg) (Rs.) 111,770 105,976 354,474 288,960 A
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) 784 746 Gross Revenue 740 722 Net Revenue 256 250 261 249 Q3FY16 Q3FY17 9MFY16 9MFY17 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 613 627 507 497 431 438 208 188 174 163 163 159 151 137 54
Slide 19: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens Q3FY17 Q3FY16 9MFY17 9MFY16 E – Cinema 3,531 3,531 3,531 3,531 D – Cinema 1,521 1,453 1,521 1,453 Total 5,052 4,984 5,052 4,984 # of Screens as on December 31, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q3FY17 Q3FY16 9MFY17 9MFY16 E – Cinema G
Slide 20: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q3FY17 Q3FY16 9MFY17 9MFY16 Total 902 895 902 895 # of Screens as on December 31, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q3FY17 Q3FY16 9MFY17 9MFY16 D – Cinema Gross 180,300 196,276 557,971 585,396 D – Cinema Net 57,245 61,357
Slide 21: Progress of Caravan Talkies
Progress of Caravan Talkies Impact of Demonetization on Q3FY17 Performance • Caravan Talkies re-commenced operations on October 10, 2016 due to extended monsoons • As on November 8, 2016, 44 vans were operational • Demonetization adversely impacted the performance of Caravan Talkies • New media plat
Slide 22: Financial Performance
UFO a digital cinema Financial Performance
Slide 23: Consolidated Results
Consolidated Results (INR Mn) Q3FY17 Q3FY16 Growth 9MFY17 9MFY16 Growth Revenue from Operations 1,486 1,448 2.7% 4,423 4,236 4.4% Other Income 2 4 -66.9% 10 18 -45.1% Total Revenue 1,488 1,452 2.5% 4,433 4,254 4.2% Total Expenses 1,054 1,003 5.1% 3,079 2,937 4.8% EBITDA 434 449 -3.4% 1,354 1,317 2.8
Slide 24: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q3FY17 Q3FY16 9MFY17 9MFY16 1) Total Operating Direct Cost 40.8% 43.2% 41.2% 44.3% Key Operating Direct Cost Components i) Advertisement revenue share payment 8.7% 8.0% 8.8% 8.1% ii) VPF D-Cinema share payment to D-Cinema Exhibitors
Slide 25: Financial Performance excluding VDSPL
Financial Performance excluding VDSPL Reconciliation to EBITDA excluding VDSPL* (INR Mn) Q3FY17 Q3FY16 Growth 9MFY17 9MFY16 Growth Reported EBITDA including VDSPL 434 449 -3.4% 1,354 1,317 2.8% Margin 29.1% 30.9% 30.5% 31.0% VDSPL EBITDA Loss 19 27 69 42 EBITDA Excluding VDSPL 453 476 -4.7% 1,423 1,
Slide 26: Annexure
UFO a digital cinema Annexure
Slide 27: Financial Highlights – 5 Years
Financial Highlights – 5 Years Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) 5,721 33.6% 32.3% 31.7% 31.3% 4,793 4,250 25.2% 1,848 1,608 3,375 1,332 1,069 2,077 523 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 11.2% 11.1% 17.1% 9.8% 10.
Slide 28: Advertisement Revenue – 5 Years
Advertisement Revenue – 5 Years INR Mn Government + PSU Corporate + Caravan 1,578 FY12 – FY16 1,167 Revenue CAGR 44% 48% 999 46% 695 41% 19% 370 52% 18% 81% 59% 54% 82% FY12 FY13 FY14 FY15 FY16 # of Screens with Ad Rights 2,647 3,071 3,592 3,784 3,713 Annual Ad Revenue / Screen (Avg) 159,089 243,081
Slide 29: Key Financial Parameters – 5 Years
Key Financial Parameters – 5 Years RoCE (%) RoE (%) 17.63% 12.83% 13.09% 14.34% 11.49% 12.66% 10.10% 12.01% 4.51% 2.06% FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 Net Debt* (INR Mn) Net Debt / EBITDA (X) 1,108 0.83 0.65 691 507 0.46 0.32 242 24 0.01 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY1
Slide 30: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) December 31, 2016 SBI Mutual Fund Promoters 28.86% Reliance Capital Asset Management Foreign Venture Capital Investors 19.03% DSP Blackrock FII 5.46% Equinox Partners DII 21.46% Max Life Insurance Corporate Bodies 7.08% Grandeur
Slide 31: 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