Slide 1: Exchange filing cover letter: Quarter 3 Investor Presentation
19th January, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra Kurla Complex, PJ Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Fort, Mumbai - 400 001 Fax: 022-2659
Slide 2: Investor Update Q3 & 9M FY 2023
INVESTOR UPDATE Q3 & 9M FY 2023 January 19th, 2023 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of PVR Limited (“Company”) together with its subsidiaries and joint venture (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitability, financial situations and ne
Slide 4: Disclaimer
Disclaimer This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, a
Slide 5: Index
Index PARTICULARS SLIDE NO Update on the Merger & Next Steps 5 Key Highlights 6 Screen Portfolio 7-12 Result Summary 13-18 Financial Analysis 19-24 Content Pipeline 25-30 Financial numbers presented in this deck are Consolidated financials, unless otherwise specified 4
Slide 6: Update on the Merger & the Next Steps
Update on the Merger & the Next Steps On 12th Jan’23, the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, has allowed the Proposed Scheme of Amalgamation between PVR Ltd & INOX Leisure. The next steps and indicative timelines are as follows : Milestone Expected Timeline 1. Pronouncement
Slide 7: Key Highlights
Key Highlights INR Mn TOTAL INCOME EBITDA PAT Q3, FY 23 9,535 1,411 252 Q3, FY 20 9,239 1,884 589 9M, FY 23 26,556 3,619 369 9M, FY 20 27,905 5,545 1,690 As the business was severely impacted by pandemic, all numbers in this document have been compared against Q3 & 9M FY 2020 (pre-pandemic period) N
Slide 8: Screen Portfolio
| x | INVESTOR P R | KOO | UPDATE [emo | Q3.& 9M FY 2023 SCREEN PORTFOLIO
Slide 9: Screen Portfolio
Screen Portfolio Punjab Jammu & Kashmir 12 cinemas | 63 screens 1 Cinema | 2 Screens Chandigarh Uttarakhand 1 cinema | 5 screens 181 CINEMAS 3 cinemas | 15 screens Uttar Pradesh Haryana 18 cinemas | 83 screens 903 SCREENS 12 cinemas | 46 screens Jharkhand Delhi 2 cinemas | 7 screens 78 CITIES 17 cin
Slide 10: New Screen Additions
New Screen Additions 63 Screens opened till date ~47 Additional Screens to be opened in Q4 Quarter Name Date Screens Region Name Screens Region PVR Forum Mall, Rourkela 14-Apr-22 6 East 1 PVR Aerohub, Chennai 5 South Q1 PVR VRC Mall, Patiala 17-Jun-22 4 North 2 PVR Lulu Mall, Lucknow 11 North PVR Gh
Slide 11: PVR Lulu Trivandrum
PVR LULU TRIVANDRUM (12 Screen Superplex with one IMAX, one 4DX and two LUXE screens) 10 10
Slide 12: PVR Rex Bengaluru
PVR REX BENGALURU (5 Screen Director’s Cut) 11 11
Slide 13: PVR Mall of Jaipur
PVR MALL OF JAIPUR (8 screens with one 4DX & one LUXE screen) 12 12
Slide 14: Result Summary Q3 & 9M FY 2023
INVESTOR UPDATE Q3 & 9M FY 2023 13
Slide 15: Result Summary Q3 FY23 vs Q3 FY20
Result Summary Q3, FY 23 vs Q3, FY 20 Q3, FY 23 Q3, FY 20 (Pre Pandemic) Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 9,608 72 9,535 9,239 0 9,239 Expenses 6,519 -1,605 8,124 6,085 -1,270 7,355 EBITDA 3,088 1,677 1,41
Slide 16: Result Summary 9M FY23 vs 9M FY20
Result Summary 9M, FY 23 vs 9M, FY 20 9M, FY 23 9M, FY 20 (Pre Pandemic) Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 26,661 105 26,556 27,905 0 27,905 Expenses 18,248 -4,689 22,937 18,654 -3,706 22,360 EBITDA 8,413 4
Slide 17: Regional Movies have performed exceptionally well post pandemic
Regional Movies have performed exceptionally well post pandemic Industry level collections impacted due to underperformance of Hindi films and Low availability of English films INR Crs Regional Hindi English India 5,830 4,817 -28% 1,642 -24% 4,489 30% 3,481 1,249 Gross Box Office Collections 2019 20
Slide 18: Significant QoQ improvement in average Box Office Collections of Top 5 movies
Significant QoQ improvement in average Box Office Collections of Top 5 movies Average gross collection for top 5 movies saw a sharp increase of 75% for PVR in Q3, FY23 vs Q2, FY23 INR Mn Q3, FY 23 Q2, FY 23 +75% Average 590 Average 338 AVATAR: THE WAY OF BRAHMASTRA PART ONE : WATER 993 756 SHIVA DRI
Slide 19: Sharp QoQ bounceback in Gross Box Office across all genres
Sharp QoQ bounceback in Gross Box Office across all genres Regional^ Hindi^ English^ INR Mn 2,103 1,739 11% 1,591 120% 18% 1,789 1,562 723 Q3 FY'23 Q2 FY'23 Q3 FY'23 Q2 FY'23 Q3 FY'23 Q2 FY'23 Domestic NBOC* | PVR NBOC Domestic NBOC* | PVR NBOC Domestic NBOC* | PVR NBOC 3,100 | 493 2,397 | 537 3,849
Slide 20: Financial Analysis
UPDATE | INVESTOR Q3 & 9M FY 2023 FINANCIAL ANALYSIS
Slide 21: Operating Numbers
Operating Numbers Q3, FY 23 vs Q3, FY 20 vs Q2 FY 23; 9M, FY 23 vs 9M, FY 20 Particulars Q3, FY 23 Q3, FY 20 % Change Q2, FY 23 % Change 9M, FY 23 9M, FY 20 % Change Operating Numbers Cinemas 178 172 3% 175 2% 178 172 3% Screens 884 821 8% 864 2% 884 821 8% Seats 1,83,071 1,78,063 3% 1,80,499 1% 1,8
Slide 22: Revenue Analysis
Revenue Analysis Q3, FY 23 vs Q3, FY 20 vs Q2 FY 23; 9M, FY 23 vs 9M, FY 20 Particulars Q3, FY 23 Q3, FY 20 % Change Q2, FY 23 % Change 9M, FY 23 9M, FY 20 % Change Financials (INR Mn) Sale of Movie Tickets 4,355 4,528 -4% 3,268 33% 12,925 14,012 -8% Sale of Food & Beverages 2,884 2,474 17% 2,303 25
Slide 23: Expenditure Analysis
Expenditure Analysis Q3, FY 23 vs Q3, FY 20 vs Q2 FY 23; 9M, FY 23 vs 9M, FY 20 Particulars Q3, FY 23 Q3, FY 20 % Change Q2, FY 23 % Change 9M, FY 23 9M, FY 20 % Change Variable Cost FHC (%) 44.8% 44.1% 70 bps 45.6% -80 bps 45.3% 44.3% 100 bps COGS (%) 27% 27.5% -50 bps 27.3% -30 bps 25.8% 27.1% -13
Slide 24: Debt & Liquidity Position
Debt & Liquidity Position INR Mn Gross Debt 15,080 15,542 15,052 3,282 4,539 5,786 11,798 11,003 9,266 31 Dec'22 30 Sep'22 31 Mar'22 Net Debt Cash & Cash Equivalents *Cash & Cash equivalents includes Investments (2 Mn), Cash & Cash equivalents (3,104 Mn) & Other Bank Balance (176 Mn) as appearing in
Slide 25: Initiatives taken to Drive Admits
Initiatives taken to Drive Admits BANK & WALLET OFFERS Centred on enhancing admissions 24
Slide 26: Movie Line-up
MOVIE LINE-UP Release calendar is as per the release dates announced as on date and is subject to change. 25
Slide 27: Strong Slate of English Tentpoles in 2023
Strong Slate of English Tentpoles in 2023 Rel. Date Movie Director Cast 03-Feb-23 Babylon Damien Chazelle Brad Pitt, Margot Robbie 10-Feb-23 The Fabelmans Steven Spielberg Michelle Williams, Paul Dano, Seth Rogen, Gabriel Labelle 17-Feb-23 Ant-Man And The Wasp Quantumania Peyton Reed Paul Rudd, Evan
Slide 28: Robust Pipeline of Hindi Movies in 2023
Robust Pipeline of Hindi Movies in 2023 Rel. Date Movie Director Cast 25-Jan-23 Pathaan Siddharth Anand Shah Rukh Khan,John Abraham 10-Feb-23 Shehzada Rohit Dhawan Kartik Aaryan, Kriti Sanon, Paresh Rawal 24-Feb-23 Selfiee Raj Mehta Akshya Kumar, Imran Hashmi 08-Mar-23 Tu Jhooti Main Makkaar Luv Ran
Slide 29: Content Pipeline for Q4 FY'23
Content Pipeline for Q4 FY’23 28
Slide 30: Content Pipeline for Q4 FY'23
Content Pipeline for Q4 FY’23 29
Slide 31: Content Pipeline for Q4 FY'23
Content Pipeline for Q4 FY’23 30
Slide 32: Thank You
THANK YOU