Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — FY2015 Earnings Presentation
30 slides from Ufo Moviez India's earnings presentation, Jul 23, 2015
Slide 1: FY 2015 Results Presentation
FY 2015 Results Presentation July 23, 2015
Slide 2: Safe Harbour
Safe Harbour The presentation has been prepared by UFO Moviez India Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the C
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 5,032* 3,784 Digital Screens in India In Cinema Advertising Screens ~2.22 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 Leveraging Phase Leveraging on Existing Infrastructure Phase VI to build newer Synergetic Businesses like Caravan and Club Cinema Phase V Maturing and Growing the In Cinema Advertisement revenue stream Conceiving In Cinema Phase IV Advertising Platform Phase III Achieving 100% elimination
Slide 7: Financial and Operating Highlights
Financial and Operating Highlights 6
Slide 8: Financial Highlights – 5 Years
Financial Highlights – 5 Years Total Revenue (INR Million) EBITDA (INR Million) & Margin (%) 4,793 33.6% 31.7% 31.3% 45% 4,250 88% CAGR CAGR 25.2% 1,608 3,375 1,332 2,077 1,069 11.7% 1,100 523 128 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 PBT (INR Million) & Margin (%) PAT* (INR Million) & M
Slide 9: Consolidated Financial Highlights – Year-on-Year
Consolidated Financial Highlights – Year-on-Year Total Revenue (INR Million) EBITDA (INR Million) & Margin (%) 4,793 31.3% 33.6% 4,250 1,608 1,332 12.8% 20.7% FY14 FY15 FY14 FY15 PBT (INR Million) & Margin (%) PAT* (INR Million) & Margin (%) 14.4% 11.2% 12.1% 10.2% 688 512 477 488 34.3% 2.4% FY14 FY
Slide 10: 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 Jul-14 KICK 3,062 Sep-14 AAGADU 848 Dec-14 PK 3,025 Apr-14 RACE GURRAM 797 Oct-14 HAPPY NEW YEAR 2,978 Jan-15 I 780 Aug-14 SINGHAM RETURNS 2,845 Feb-15 TEMP
Slide 11: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Bhojpuri Top 10 Kannada Release # of Release # of Movie Movie Date Screens Date Screens Jun-14 NIRAHUA HINDUSTANI 311 May-14 MAANIKYA 309 Mar-15 PATNA SE PAKISTAN 250 May-14 GAJAKESSARI 240 Jul-14 JANEMAN 219 Aug-14 POWER *** 237 Jun-14 TER
Slide 12: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Million) (INR Million) FY14 FY15 1,167 999 1,053 1,153 23% 25% 25% 24% 4,758 4,242 2,439 2,191 51% 52% Exhibitors Revenue Distributor Revenue Advertisement Revenue (in Rs. Million) FY15 FY14 Growth Advertisement revenue 1,167 999 16.8% Virtual Print Fees - E-Cinema 894
Slide 13: In Cinema Advertising Performance
In Cinema Advertising Performance 12
Slide 14: Regional Reach – Advertisement Network
Regional Reach – Advertisement Network In Cinema # of Advertisement Screens FY15 FY14 South 1,419 1,425 West 1,000 890 North 724 642 East 641 635 Cinema on Wheels # of Caravans ( Caravan Talkies) FY15 FY14 North 24 - * Caravan Talkies was acquired on December 31, 2014 13
Slide 15: Advertisement Operating Parameter Capacity – Full Year
Advertisement Operating Parameter in Million Seats # of UFO Screens Full House Seating Capacity – Full Year* 3,784 2,673 2,641 3,592 FY14 FY15 FY14 FY15 Top 50 Cities Rest of India FY15 Multiplex Single Multiplex Single # of UFO Screens 382 503 432 2,467 *Full House Seating Capacity – 97,469 319,399
Slide 16: Number of In Cinema Advertising Clients
Number of In Cinema Advertising Clients 1,724 Government + PSU Corporate + Retail 1,056 1,613 563 956 379 282 501 327 245 52 62 100 111 37 FY11 FY12 FY13 FY14 FY15 15
Slide 17: Advertisement Revenue Analysis
Advertisement Revenue Analysis In Rs. Million Government + PSU Corporate + Retail 1,167 999 FY11 – FY15 Revenue CAGR 38% 46% 695 41% 19% 324 370 17% 18% 59% 54% 81% 83% 82% FY11 FY12 FY13 FY14 FY15 # of Screens with Ad Rights 2,008 2,647 3,071 3,592 3,784 Annual Ad Revenue / Screen (Avg) 177,014 159
Slide 18: Theatrical Revenues
UFO a digital cinema Theatrical Revenues
Slide 19: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Million) 894 Gross Revenue 882 Net Revenue 821 808 FY14 FY15 D – Cinema - VPF Domestic Revenue (INR Million) International Revenue (INR Million) 863 616 752 552 612 649 190 208 FY14 FY15 FY14 FY15 Domestic includes revenues
Slide 20: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens * FY15 FY14 E – Cinema 3,554 3,342 D – Cinema 1,478 1,461 Total 5,032 4,803 * Total # of Screens as on March 31, 2015 Annual VPF Revenue / Screen (Average**) FY15 FY14 E – Cinema Gross (Rs.) 259,171 251,308 E – Cinema Net (Rs.) 255,773 247,174 D –
Slide 21: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens FY15 FY14 Total 837 803 * Total # of Screens as on March 31, 2015 Annual VPF Revenue / Screen (Average) FY15 FY14 D – Cinema Gross (Rs.) 750,764 812,102 D – Cinema Net (Rs.) 253,116 279,955 Total number of Screens includes Middle East
Slide 22: Rental Revenues from Exhibitors and Ad Revenue Share
Rental Revenues from Exhibitors and Ad Revenue Share Lease Rental (INR Million) 523 420 75% 74% FY14 FY15 Lease Rental Ad Revenue Share paid to Exhibitors as a % of Lease Rental 21
Slide 23: Financial Performance
UFO a digital cinema Financial Performance
Slide 24: Key Financial Parameters
Key Financial Parameters RoCE (%) RoE (%) 14.28% 12.01% 11.61% 10.77% FY14 FY15 FY14 FY15 Net Debt* (INR Million) Net Debt / EBITDA (X) 1,108 0.83 507 0.32 FY14 FY15 FY14 FY15 *Net Debt = Total Debt less Cash and Cash Equivalents 23
Slide 25: Key Financial Parameters
Key Financial Parameters Capex (INR Million) Operating Cash Flow* (INR Million) 1,215 1,138 1,459 419 FY14 FY15 FY14 FY15 Receivables** (# Days) Net Working Capital** (# Days) 37 78 80 32 FY14 FY15 FY14 FY15 *Operating Cash Flow is after Tax payment of Rs. 248 million in FY15 compared to Rs. 166 mil
Slide 26: Consolidated Results
Consolidated Results (in Rs. Million) FY15 FY14 Growth Revenue from Operations 4,758 4,242 12.2% Other Income 35 8 320.2% Total Revenue 4,793 4,250 12.8% Total Expenses 3,185 2,918 9.1% EBITDA 1,608 1,332 20.7% EBITDA Margin 33.60% 31.30% Depreciation and Amortisation 769 655 17.5% EBIT 839 677 24.0
Slide 27: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue FY15 FY14 1) Total Operating Direct Cost 40% 40% Key Operating Direct Cost Components i) Advertisement revenue share payment 8% 7% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 13% 12% 2) Employee Benefit Expenses 12% 13% 3)
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liability Assets 31-Mar-15 31-Mar-14 31-Mar-15 31-Mar-14 (in Rs. Million) (in Rs. Million) Shareholder’s Funds Non-Current Assets Equity Share Capital 259 259 Fixed Assets 3,159 3,660 Reserves and Surplus 4,274 3,708 Goodwill on Consolidation 1,683 1,329 Total o
Slide 29: Shareholding
Shareholding Marquee Institutional Investors June 30, (% of Total Capital) 2015 SBI Mutual Fund Promoters 28.90% Reliance Capital Asset Management Foreign Venture Capital Investors 20.28% PineBridge Investments Amundi Asset Management FII 8.99% Jupiter Fund Management DII 12.71% Nomura Singapore Lim
Slide 30: About Us
About Us UFO Moviez India Limited UFO Moviez India Limited (BSE Code: 530131; 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