Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — Q4 FY2025 Earnings Presentation
32 slides from Pvr Inox's earnings presentation, May 12, 2025
Slide 1: Exchange filing cover letter: Q4 & FY2024-25 Investor Presentation
May 12, 2025 The Manager - Listing National Stock Exchange of India Limited (Scrip Symbol: PVRINOX) The Manager – Listing BSE Limited (Scrip Code: 532689) Sub: 4th Quarter & FY 2024-25 - Investor Presentation Dear Sir/Madam, Please find attached presentation on Investor update for the Fourth Quarter
Slide 2: Investor Update: Q4 & 12M FY'25
INVESTOR UPDATE INVESTOR UPDATE : Q4 & 12M FY’25 MAY 12th, 2025 Q4 & 12M FY’25
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared for general information purposes in respect of PVR INOX 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 a
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. Key Highlights 5 Box Office Performance 7 Result Summary 11 Update on Key Strategic Initiatives 17 Screen Growth Update 23 Content Lineup 25 INVESTOR UPDATE : Q4 & 12M FY’25 4
Slide 6: Key Financial Highlights
Key Financial Highlights (INR Mn) TOTAL INCOME EBITDA & EBITDA% PAT & PAT % Q4, FY’25 12,853 250 1.9% -1,058 -8.2% Q4, FY’24 12,904 352 2.7% -901 -7.0% 12M, FY’25 58,746 4,703 8.0% -1,519 -2.6% 12M, FY’24 62,037 8,087 13.0% 1,143 1.8% Note: Above financial numbers are after excluding the impact of I
Slide 7: Key Operating Highlights
Key Operating Highlights ADMITS (Mn) ATP (INR) SPH (INR) Q4, FY’25 30.5 258 +10.5% 125 -6.3% -3.5% Q4, FY’24 32.6 233 129 12M, FY’25 136.9 259 0.0% 134 -9.5% +1.5% 12M, FY’24 151.4 259 132 INVESTOR UPDATE : Q4 & 12M FY’25 6
Slide 8: Box Office Update
BOX OFFICE UPDATE INVESTOR UPDATE : Q4 & 12M FY’25 7
Slide 9: Box Office Performance in FY'25 Reflects Uneven Content Supply
Box Office Performance in FY’25 Reflects Uneven Content Supply PVR INOX GBOC 7,118 9,987 10,474 7,858 (INR Mn) 1,410 1,433 860 ENGLISH 1,312 5,546 5,882 HINDI + HINDI 4,619 3,269 DUBBED REGIONAL 2,537 3,009 3,182 2,378 Q1 FY'25 Q2 FY'25 Q3 FY'25 Q4 FY'25 ADMITS 30.5 (Mn) 30.4 38.8 37.3 KALKI 2898 AD
Slide 10: Muted Bollywood & Hollywood Releases Impacted Overall GBOC
Muted Bollywood & Hollywood Releases Impacted Overall GBOC PVR INOX GBOC 1 Hindi Box Office Declined by 26% due to: (INR Mn) 14% drop in number of Bollywood titles 1 2 3 4 Lack of Superstar movies Postponement of release dates 2 English Box Office Declined by 28% due to: Lingering impact of
Slide 11: PVR INOX: YoY Change in Language Mix
PVR INOX : YoY Change in Language Mix 5% 13% 18% 14% YoY change in the language mix 41% 51% FY’25 FY’24 HINDI HINDI DUBBED 26% ENGLISH REGIONAL 32% Hindi Box Office share dropped from 51% to 41%. Hindi Dubbed increased from 5% to 13% English Box Office share dropped from 18% to 14% Regional Bo
Slide 12: Result Summary (Consolidated) – Q4, FY'25 vs Q4, FY'24
Result Summary (Consolidated) – Q4, FY’25 vs Q4, FY’24 Q4, FY’25 Q4, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 13,112 259 12,853 13,055 151 12,904 Expenses 9,667 -2,936 12,603 9,780 -2,772 12,552 EBITDA 3,445
Slide 13: Result Summary (Consolidated) – 12M, FY'25 vs 12M, FY'24
Result Summary (Consolidated) – 12M, FY’25 vs 12M, FY’24 12M, FY’25 12M, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 59,536 790 58,746 62,637 600 62,037 Expenses 42,383 -11,660 54,043 42,970 -10,980 53,950 EBIT
Slide 14: Key Operating Numbers
Key Operating Numbers Particulars Units Q4, FY’25 Q4, FY’24 12M, FY’25 12M, FY’24 Reported Reported YoY Change (%) Reported Reported YoY Change (%) Operating Numbers (A) (B) (A / B-1) (A) (B) (A / B-1) Cinema Count (at the end of period) (1) 349 359 -2.8% 349 359 -2.8% Screen Count (at the end of pe
Slide 15: Revenue Analysis
Revenue Analysis Particulars (INR Mn) Q4, FY’25 Q4, FY’24 12M, FY’25 12M, FY’24 Weighted Average Screens (1) 1,688 1,674 0.8% 1,701 1,668 1.9% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Financials (A) (B) (A / B-1) (A) (B) (A / B-1) Sale of Movie Tickets 6,447 6,353 1.5% 29,54
Slide 16: Fixed Expense Analysis – Comparable Cinemas
Fixed Expense Analysis – Comparable Cinemas Particulars (INR Mn) Q4, FY’25 Q4, FY’24 12M, FY’25 12M, FY’24 Comparable Screens (1) 1,533 1,533 0% 1,433 1,433 0% Fixed Cost Rent 2,825 2,765 2.2% 10,697 10,634 0.6% CAM 821 779 5.4% 3,090 2,912 6.1% Rent + CAM 3,646 3,544 2.9% 13,786 13,547 1.8% Personn
Slide 17: Expense Analysis – Consolidated
Expense Analysis – Consolidated Particulars (INR Mn) Q4, FY’25 Q4, FY’24 12M, FY’25 12M, FY’24 Weighted Average Screens (1) 1,688 1,674 0.8% 1,701 1,668 1.9% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) (A) (B) (A / B-1) FHC (%) 42.6% 44.4% -188 b
Slide 18: Key Strategic Initiatives
KEY STRATEGIC INITIATIVES INVESTOR UPDATE : Q4 & 12M FY’25 17
Slide 19: Update on Key Strategic Initiatives
Update on Key Strategic Initiatives 1 2 3 4 Transition From towards Managing to Control Reduce ‘Capital Light Manufacturing Costs Debt Growth Footfalls Model’ INVESTOR UPDATE : Q4 & 12M FY’25 18
Slide 20: From Managing to Manufacturing Footfalls
1 From Managing to Manufacturing Footfalls RE-RELEASES 71 LAC + 1,240 MN ADMITS FY’25 GBOC FY’25 TOP 3 RE-RELEASES OF FY’25 AFFORDABLE PRICING INITIATIVES 34 LACS ADMITS ACROSS 5 CINEMA LOVERS / NATIONAL CINEMA DAYS INVESTOR UPDATE : Q4 & 12M FY’25 19
Slide 21: Relentless Cost Control
2 Relentless Cost Control FY’20 5 Year CAGR FY’25 PVR + INOX PVR + INOX On per screen basis (INR mn) Proforma Weighted Average Screens (1) 1,371 4% 1,701 Manpower Cost 5.5 - 2% 5.0 Total Headcount 24,285 - 13% reduction over 5 years 21,035 Fixed Costs Total Headcount per screen - 30% reduction over
Slide 22: Transition towards 'Capital Light' Growth Model
3 Transition towards ‘Capital Light’ Growth Model MANAGEMENT ASSET LIGHT ‘CAPITAL-LIGHT’ CONTRACT MODEL (100% capex by Developer) (40-80% capex by Developer) GROWTH MODEL 46 SCREENS, 55 SCREENS, 101 SCREENS, 11 CINEMAS 12 CINEMAS 23 CINEMAS signed signed signed 2 FOCO CINEMAS OPENED 1 CINEMA OPENED
Slide 23: Strengthening the Balance Sheet & Consistent Debt Reduction
4 Strengthening the Balance Sheet & Consistent Debt Reduction Consolidated Net Debt Particulars (INR Mn) March 31, 2025 March 31, 2024 (INR Mn) Total Shareholder funds 70,534 73,232 Equity Share Capital 982 981 Other Equity 69,533 72,254 14,304 Non-Controlling Interest 19 -3 Total Debt 14,908 17,177
Slide 24: Screen Growth Update
Screen Growth Update SCREENS OPENED # CINEMAS OPENED OPENING DATE SCREENS 1. PVR FORUM MALL, KOCHI 10-APR-24 9 2. INOX PHOENIX MARKET CITY, BENGALURU 11-APR-24 14 3. PVR KOPA, KOREGAON PARK, PUNE 8-MAY-24 7 (1) PVR AMBIENCE GURGAON (EXPERIENCE ZONE) 9-MAY-24 4 4. 5. INOX URBAN SQUARE UDAIPUR PVR MAC
Slide 25: Diversified Screen Network of 1,743 Screens
Diversified Screen Network of 1,743 Screens across 111 Cities PUNJAB JAMMU & KASHMIR 17 CINEMAS | 90 SCREENS 2 CINEMAS | 5 SCREENS East CHANDIGARH UTTARAKHAND 3 CINEMAS | 15 SCREENS 3 CINEMAS | 16 SCREENS HARYANA UTTAR PRADESH 8% 21 CINEMAS | 97 SCREENS 27 CINEMAS | 143 SCREENS SOUTH (1) DELHI JHARK
Slide 26: Content Lineup
CONTENT LINEUP INVESTOR UPDATE : Q4 & 12M FY’25
Slide 27: Content Lineup
Content Lineup INVESTOR UPDATE : Q4 & 12M FY’25 26
Slide 28: Content Lineup
Content Lineup INVESTOR UPDATE : Q4 & 12M FY’25 27
Slide 29: Content Lineup
Content Lineup INVESTOR UPDATE : Q4 & 12M FY’25 28
Slide 30: Content Lineup
Content Lineup INVESTOR UPDATE : Q4 & 12M FY’25 29
Slide 31: Content Lineup
Content Lineup INVESTOR UPDATE : Q4 & 12M FY’25 30
Slide 32: Thank You
INVESTOR UPDATE : Q4 & 12M FY’25 THANK YOU 31