Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q2 FY17 Earnings Presentation
32 slides from Ufo Moviez India's earnings presentation, Nov 8, 2016
Slide 1: Q2 & H1 FY17 Results Presentation
Q2 & H1 FY17 Results Presentation November 08, 2016 * 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 5,055* 3,748 Digital Screens in India In Cinema Advertising Screens ~2.13 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 – Q2FY17 vs Q2FY16
Financial Highlights – Q2FY17 vs Q2FY16 Consolidated, excluding VDSPL** Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 35.9% 23.0% 15.1% 1,596 31.6% 1,493 574 17.1% 12.2% 472 367 242 256 181 6.9% 21.5% 43.7% 33.3% Q2FY16 Q2FY17 Q2FY16 Q2FY17
Slide 10: Financial Highlights – H1FY17 vs H1FY16
Financial Highlights – H1FY17 vs H1FY16 Consolidated, excluding VDSPL** Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 33.1% 19.5% 13.4% 31.7% 2,783 2,928 11.6% 16.1% 970 883 571 392 448 324 5.2% 9.8% 27.5% 21.2% H1FY16 H1FY17 H1FY16 H1FY17 H
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 8-Jul SULTAN 3,311 2-Sep JANATHA GARAGE 907 12-Aug RUSTOM 2,547 12-Aug BAABU BANGAARAM 537 12-Aug MOHENJO DARO 2,507 29-Jul JAKKANNA (BACK TO ENTERTAIN) 395
Slide 12: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Kannada Top 10 Malayalam Release # of Release # of Movie Movie Date Screens Date Screens 12-Aug KOTIGOBBA - 2 227 8-Jul KASABA 180 1-Jul ZOOM 199 8-Jul ANURAGA KARIKKIN VELLAM 159 9-Sep MUNGARU MALE - 2 196 12-Aug PRETHAM 151 2-Sep NEER DOS
Slide 13: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q2FY17 Q2FY16 H1FY17 H1FY16 368 344 691 707 517 23% 23% 474 914 828 24% 25% 33% 32% 31% 30% 1,592 1,484 2,932 2,789 707 666 1,327 1,254 44% 45% 45% 45% Exhibitor Revenue Distributor Revenue Advertisement Revenue (INR Mn) Q2FY17 Q2FY16 Growth H1FY17 H1FY16 Growth Adv
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 3,690 3,748 Capacity – Annualised* 2,573 2,537 Q2FY16 Q2FY17 Q2FY16 Q2FY17 Top 50 Cities Rest of India Q2FY17 Multiplex Single Multiplex Single # of UFO Screens 406 484 543 2,315 Full House Seating Capacity –
Slide 16: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Mn Government + PSU Corporate + Hyperlocal + Caravan 914 707 43% 517 57% 344 42% 55% 57% 58% 43% 45% Q2FY16 Q2FY17 H1FY16 H1FY17 In Cinema Advertisement Q2FY17 Q2FY16 H1FY17 H1FY16 Ad Revenue / Screen for the period (Avg) (Rs.) 139,389 92,319 241,787 185,198 Averag
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) 523 498 Gross Revenue 483 472 Net Revenue 293 278 255 247 Q2FY16 Q2FY17 H1FY16 H1FY17 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 438 333 335 405 280 301 209 216 185 182 144 148 108 108 60
Slide 19: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens Q2FY17 Q2FY16 H1FY17 H1FY16 E – Cinema 3,549 3,481 3,549 3,481 D – Cinema 1,506 1,459 1,506 1,459 Total 5,055 4,940 5,055 4,940 # of Screens as on September 30, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q2FY17 Q2FY16 H1FY17 H1FY16 E – Cinema
Slide 20: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q2FY17 Q2FY16 H1FY17 H1FY16 Total 902 874 902 874 # of Screens as on September 30, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q2FY17 Q2FY16 H1FY17 H1FY16 D – Cinema Gross 201,762 215,072 371,175 389,651 D – Cinema Net 65,599 69,15
Slide 21: Progress of Caravan Talkies
Progress of Caravan Talkies Q2FY17 Update • Caravan Talkies was non-operational in Q2FY17 due to monsoons IMRB Research • IMRB conducted a research on Caravan Talkies to assess the efficacy of the medium and effectiveness of the activity across villages, below are the findings: • Great business oppo
Slide 22: Financial Performance
UFO a digital cinema Financial Performance
Slide 23: Consolidated Results
Consolidated Results (INR Mn) Q2FY17 Q2FY16 Growth H1FY17 H1FY16 Growth Revenue from Operations 1,592 1,484 7.3% 2,932 2,789 5.1% Other Income 7 13 -42.8% 13 13 -0.8% Total Revenue 1,599 1,497 6.9% 2,945 2,802 5.1% Total Expenses 1,043 1,034 0.8% 2,025 1,934 4.7% EBITDA 556 463 20.3% 920 868 6.0% De
Slide 24: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY17 Q2FY16 H1FY17 H1FY16 1) Total Operating Direct Cost 39.6% 46.4% 41.4% 44.9% Key Operating Direct Cost Components i) Advertisement revenue share payment 8.9% 7.5% 8.9% 8.1% ii) VPF D-Cinema share payment to D-Cinema Exhibitors
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liability Assets 30-Sep-16 31-Mar-16 30-Sep-16 31-Mar-16 (INR Mn) (INR Mn) Shareholder’s Funds Non-Current Assets Equity Share Capital 276 275 Fixed Assets 2,854 2,991 Reserves and Surplus 5,211 4,890 Goodwill on Consolidation 1,851 1,721 Total of Shareholder’s
Slide 26: Financial Performance excluding VDSPL
Financial Performance excluding VDSPL Reconciliation to EBITDA excluding VDSPL** (INR Mn) Q2FY17 Q2FY16 Growth H1FY17 H1FY16 Growth Reported EBITDA including VDSPL 556 463 20.3% 920 868 6.0% Margin 34.8% 30.9% 31.3% 31.0% VDSPL EBITDA Loss 18 9 50 15 EBITDA Excluding VDSPL 574 472 21.5% 970 883 9.8%
Slide 27: Annexure
UFO a digital cinema Annexure
Slide 28: 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 29: 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 30: 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 31: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) September 30, 2016 SBI Mutual Fund Promoters 28.86% Reliance Capital Asset Management Foreign Venture Capital Investors 19.03% DSP Blackrock FII 3.22% Max Life Insurance DII 21.56% Grandeur Peak Global Advisors Corporate Bodies 1
Slide 32: 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