Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — H1FY23 Earnings Presentation
24 slides from Ufo Moviez India's earnings presentation, Nov 2, 2022
Slide 1: Q2&H1FY23 Results Presentation
Q2&H1FY23 Results Presentation November 02, 2022
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 3,482 1,165 High Impact Cities & Towns Ad Screens Across India 968 Power to Impact Movies upto 1.8 billion Digitally Viewers Delivered Annually in H1FY23 3
Slide 4: UFO's Core Offerings
UFO’s Core Offerings Cinema Value Chain UFO’s Offering Advantage Revenue Stream Content Digitization Producer Digitization Fee Satellite or Content Delivery Physical Cost & Time Distributor Charges & VPF Delivery of Arbitrage Service Revenue Content Fixed Rental / Cinema Sale of Exhibitor Equipment
Slide 5: Financial & Operating Highlights
Financial & Operating Highlights
Slide 6: Consolidated Financial Highlights (1/2)
Consolidated Financial Highlights (1/2) Due to the severe impact of the COVID-19 pandemic in FY21 & FY22, year-on-year comparison will not be a correct representation. Hence, all the numbers in this presentation have been compared against Q2&H1FY20. Q2FY23 vs Q2FY20 (INR Mn) Total Revenue EBITDA 1,2
Slide 7: Consolidated Financial Highlights (2/2)
Consolidated Financial Highlights (2/2) H1FY23 vs H1FY20 (INR Mn) Total Revenue EBITDA 2,519 1,984 559 -21.3% -72.8% 152 H1FY20 H1FY23 H1FY20 H1FY23* PBT PAT* 249 46 -151.3% -352.3% -128 -117 H1FY20 H1FY23 H1FY20^ H1FY23 *H1FY23 EBITDA is before considering provision of Rs.29mn towards provisioning
Slide 8: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q2FY23 Q2FY20 133 12% 379 31% 477 460 43% 38% 1,075 1,246 482 45% 390 31% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q2FY23 Q2FY20 % Change Advertisement Revenue (i) 133 379 -64.8% - In-Cinema Advertisement Revenue 131 360 -63.6% - Corporat
Slide 9: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) H1FY23 H1FY20 312 16% 819 800 33% 907 40% 36% 1,976 2,510 864 44% 784 31% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) H1FY23 H1FY20 % Change Advertisement Revenue (i) 312 819 -62% - In-Cinema Advertisement Revenue 307 761 -60% - Corporate +
Slide 10: In-Cinema Advertising Performance
In-Cinema Advertising Performance
Slide 11: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Prime Screens Popular Screens Capacity - Annualized 3,482 2,105 1,377 ~1.8 Bn Metro and Tier I Other Cities and Towns H1FY23 Prime Popular Prime Popular # of UFO Screens 813 189 1,292 1,188 Cities and Towns 98 75 469 83
Slide 12: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Mn Government + PSU 761 Corporate + Hyperlocal 65% 360 307 63% 131 83% 35% 37% 78% 22% 17% Q2FY20 Q2FY23 H1FY20 H1FY23 Q2FY20 Q2FY23 H1FY20 H1FY23 Ad Revenue / Screen for the period (Avg) 99,448 37,501 207,540 88,271 (Rs.) Average # of minutes sold / show
Slide 13: Theatrical Revenues
Theatrical Revenues
Slide 14: Theatrical revenues from Distributors
Theatrical revenues from Distributors Content Delivery Charges Revenue (INR Mn) Revenue (INR Mn) 598 465 303 244 Q2FY20 Q2FY23 H1FY20 H1FY23 VPF Service Revenue Revenue (INR Mn) Revenue (INR Mn) 142 79 78 34 42 23 28 15 Q2FY20 Q2FY23 H1FY20 H1FY23 Gross Revenue Net Revenue Gross Revenue Net Revenue
Slide 15: Operating Parameter
Operating Parameter # of Screens* Q2FY23 Q2FY20 H1FY23 H1FY20 CDC^ Category Screens 3,142 3,539 3,142 3,539 VPF Category Screens 1,805 1,626 1,805 1,626 Total 4,947 5,165 4,947 5,165 # of Screens as on September 30, 2022 Revenue / Screen (Average) (in Rs.) Q2FY23 Q2FY20 H1FY23 H1FY20 CDC Category Sc
Slide 16: Financial Performance
Financial Performance
Slide 17: Consolidated Reported P&L Statement
Consolidated Reported P&L Statement (INR Mn) Q2FY23 Q2FY20 % Change H1FY23 H1FY20 % Change Revenue from Operations 1,075 1,246 -13.8% 1,975 2,510 -21.3% Other Income 4 5 -32.7% 9 9 1.4% Total Revenue 1,078 1,251 -13.8% 1,984 2,519 -21.3% Total Expenses 1,024 981 4.4% 1,832 1,960 -6.5% EBITDA (excl.
Slide 18: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY23 Q2FY20 H1FY23 H1FY20 1) Total Operating Direct Cost 54.4% 42.2% 48.6% 42.2% Key Operating Direct Cost Components i) Advertisement revenue share payment 10.5% 11.4% 10.2% 12.0% ii) Purchase of Equipment, Lamps and Spares 21.4%
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Equity and Liability 30-Sep-22 31-Mar-22 30-Sep-22 31-Mar-22 (INR Mn) (INR Mn) Equity Non-Current Assets Equity Share Capital 381 380 Property, plant and equipment 1,025 1,119 Other Equity Capital work-in-progress 64 90 Reserves and surplus 2,281 2,377 Right-of-use
Slide 20: Annexure
Annexure
Slide 21: Historical Advertisement Performance
Historical Advertisement Performance Advertisement Revenues (INR Mn) 2,372 2,136 1,790 1,578 1,547 1,167 Severely Impacted due to the COVID-19 pandemic. 151 25 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 21
Slide 22: Historical In-Cinema Advertising Performance
Historical In-Cinema Advertising Performance Government + PSU Corporate + Hyperlocal INR Mn 2,131 2,047 1,770 1,538 43% 47% 1,481 44% 1,164 47% 66% 46% 57% 53% 56% 53% 54% 34% FY15 FY16 FY17 FY18 FY19 FY20 # of Screens with Ad Rights 3,784 3,713 3,745 3,897 3,697 3,792 Annual Ad Revenue / Screen (Av
Slide 23: Shareholding
Shareholding September 30, (% of Total # of shares) 2022 Promoters 22.77% Institutional Investors 24.69% Foreign Portfolio Investors 1.35% Corporate Bodies 3.84% Others 47.35% Total # of Shares 38,065,795 23
Slide 24: About UFO Moviez India Limited
About UFO Moviez India Limited UFO is the first one, to enable cinema digitization with satellite technology in India. That also makes UFO the largest in- cinema advertising platform, with the power to impact almost 1.8 billion viewers annually through 3,482 screens comprising of 2,105 screens in th