Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — H1 FY2019 Earnings Presentation
29 slides from Ufo Moviez India's earnings presentation, Nov 12, 2018
Slide 1: Q2&H1FY19 Results Presentation
Q2&H1FY19 Results Presentation November 12, 2018
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 In-Cinema Advertising Platform 1,237 Multiplex & Leading Presence Across All Screen 2,563 Single Screens Varieties 3,800 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~47 million 727 Advertisers in Q2FY19 Pan India Presence 470
Slide 4: Strong Presence of Advertisement Screens across India
Strong Presence of Advertisement Screens across India Region wise Distribution of Advertisement Screens North India East India UFO: 756 UFO: 608 Qube: 459 Qube: 246 UFO+Qube: All India UFO+Qube: 854 1,215 Major Multiplex Chains: 437 UFO: 3,800 Major Multiplex Chains: 119 Qube: 3,211 UFO+Qube: 7,011
Slide 5: Key Updates
Key Updates digital cinema
Slide 6: Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube
Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube UFO Nov 1, 2017 Mar 7, 2018 Apr 10, 2018 May 21, 2018 Pending - Hearing Pending on Nov 14th • Board of • Observation • National • Holding • Order of the • Merger to Directors of the Letter received Company Law Shareholde
Slide 7: Financial and Operating Highlights for Q2&H1FY19
Financial and Operating Highlights for Q2&H1FY19 6
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Q2FY19 YoY Comparison Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 27.1% 13.2% 8.1% 8.1% 1,392 25.3% 12.6% 1,335 378 338 184 168 113 108 8.6% 4.0% 4.1% 10.5% Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18
Slide 9: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q2FY19 Q2FY18 H1FY19 H1FY18 372 425 397 865 947 490 27% 31% 942 866 30% 30% 32% 37% 35% 32% 1,332 1,389 2,676 2,926 445 592 868 1,114 33% 42% 33% 38% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q2FY19 Q2FY18 Growth H1FY19 H1FY18 Growth Adver
Slide 10: In-Cinema Advertising Performance
In-Cinema Advertising Performance 9
Slide 11: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,800 1,237 2,563 2,414 Mn Top 50 Cities Rest of India Q2FY19 Multiplex Single Multiplex Single # of UFO Screens 474 521 763 2,042 Full House Seating Capacity – Per
Slide 12: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Million Government + PSU Corporate + Hyperlocal 854 818 52% 52% 453 361 48% 54% 48% 48% 46% 52% Q2FY18 Q2FY19 H1FY18 H1FY19 Q2FY18 Q2FY19 H1FY18 H1FY19 Ad Revenue / Screen for the period (Avg) (Rs.) 89,616 118,404 210,662 221,900 Average # of minutes sold
Slide 13: 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 VDSPL’s Financial Performance • Revenue growth driven by higher realization (INR Mn) Q2FY19 Q2FY18 Growth H1
Slide 14: Theatrical Revenues
UFO digital cinema Theatrical Revenues
Slide 15: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) Gross Revenue 539 528 511 497 Net Revenue 302 296 275 265 Q2FY18 Q2FY19 H1FY18 H1FY19 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 388 157 102 204 215 226 156 71 58 104 97 75 50 38 23 22 Q2F
Slide 16: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q2FY19 Q2FY18 H1FY19 H1FY18 E – Cinema 3,628 3,817 3,628 3,817 D – Cinema 1,674 1,567 1,674 1,567 Total 5,302 5,384 5,302 5,384 # of Screens as on September 30, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q2FY19 Q2FY18 H1FY19 H1FY18 E – Cinema
Slide 17: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International # of Screens Q2FY19 Q2FY18 H1FY19 H1FY18 Total* 325 807 325 807 # of Screens as on September 30, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q2FY19 Q2FY18 H1FY19 H1FY18 D – Cinema Gross 157,441 87,674 274,307 193,483 D – Cinema Net 60,692 28,034 102
Slide 18: Financial Performance
Financial Performance UFO digital cinema
Slide 19: Consolidated P&L Statement
Consolidated P&L Statement (INR Mn) Q2FY19 Q2FY18 Growth H1FY19 H1FY18 Growth Revenue from Operations 1,332 1,389 -4.1% 2,676 2,926 -8.5% Other Income 3 3 1.9% 6 10 -38.4% Total Revenue 1,335 1,392 -4.1% 2,682 2,936 -8.6% Total Expenses 997 1,014 -1.7% 2,061 2,150 -4.1% EBITDA 338 378 -10.5% 621 786
Slide 20: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY19 Q2FY18 H1FY19 H1FY18 1) Total Operating Direct Cost 40.5% 43.6% 43.4% 45.2% Key Operating Direct Cost Components i) Advertisement revenue share payment 11.7% 11.2% 11.8% 10.4% ii) VPF D-Cinema share payment to D-Cinema Exhibit
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Equity and Liability 30-Sep-18 31-Mar-18 30-Sep-18 31-Mar-18 (INR Mn) (INR Mn) Equity Non-Current Assets Equity Share Capital 284 284 Property, plant and equipment 2,130 2,359 Other Equity Capital work-in-progress 222 212 Reserves and surplus 4,121 4,410 Other Intan
Slide 22: Annexure
Annexure UFO digital cinema
Slide 23: In Cinema Advertisement Network
In Cinema Advertisement Network Share of Multiplex Total Screens: 3,897 Screens FY 18 1,194 2,703 31% Stable Total Screens: 3,745 Advertisement FY 17 1,027 2,718 27% Screen Network, Total Screens: 3,713 with an increasing FY 16 857 2,856 23% proportion of Total Screens: 3,784 Multiplex Screens FY 15
Slide 24: Robust Advertisement Performance
Robust Advertisement Performance Advertisement Revenues (INR Mn) 2,136 1,790 1,578 1,167 999 695 FY13 FY14 FY15 FY16 FY17 FY18 23
Slide 25: Sustained Growth in In-Cinema Advertising
Sustained Growth in In-Cinema Advertising INR Mn Government + PSU Corporate + Hyperlocal 2,047 1,770 1,538 FY13 – FY18 43% Revenue CAGR 24% 1,164 44% 999 47% 695 46% 41% 19% 57% 53% 56% 81% 59% 54% FY13 FY14 FY15 FY16 FY17 FY18 # of Screens with Ad Rights 3,071 3,592 3,784 3,713 3,745 3,897 Annual A
Slide 26: Demonstrated Levers for Shareholder Value Creation
Demonstrated Levers for Shareholder Value Creation RoCE (%) 17.63% 19.24% 17.01% Low Capital Intensity 12.66% 14.34% Initial high capital intensity over; generating higher revenues with lower incremental Capex. FY14 FY15 FY16 FY17* FY18* Improving Capital Efficiency Capex Digital Cinema New Initiati
Slide 27: Key Financial Parameters
Key Financial Parameters Net Fixed Asset Turnover (x) RoE (%) 14.93% 2.50 12.83% 13.09% 13.39% 2.30 1.96 11.49% 1.56 1.23 FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* Net Debt** (INR Mn) Net Cash Flow from Operating Activities (INR Mn) 1,108 507 1,588 24 1,215 1,138 1,248 946 -744 -1,095 FY
Slide 28: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) September 30, 2018 SBI Mutual Fund Promoters 30.04% Foreign Venture Capital Investors 18.52% Reliance Capital Asset Management Foreign Portfolio Investors 3.98% DSP Blackrock Mutual Funds 20.33% Corporate Bodies 3.07% Equinox Par
Slide 29: 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