Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — PVR — Q4 FY2019-20 Earnings Presentation
30 slides from Pvr Inox's earnings presentation, Jun 8, 2020
Slide 1: Quarter 4 Investor Presentation filing letter
08th June, 2020 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: 022-2659823
Slide 2: Investor Update Q4, FY 2019-20
INVESTOR UPDATE Q4, FY 2019-20 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 ventures (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitability, financial situations and n
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 COVID -19 Impact & Disclosures 5-9 Screen Portfolio 10-11 Key Numbers 12 Consolidated Result Summary 13-16 Financial Analysis – Exhibition Business 17-22 Balance Sheet 23-24 Screen Openings 25-29 4
Slide 6: COVID-19 Impact
COVID-19 IMPACT 5
Slide 7: Update on Impact of COVID-19
Update on Impact of COVID-19 Impact of COVID – 19 Pandemic on the Business • Company started closing its screens beginning March 11, 2020, in accordance with the order passed by regulatory authorities, and within a few days most of our cinemas across the country were shut down • Since all the cinema
Slide 8: Strategy During Lockdown – Managing Cost and Liquidity (1/2)
Strategy During Lockdown – Managing Cost and Liquidity (1/2) Company is taking decisive actions to mitigate the adverse impact of COVID-19 on businesses by: 1) Implementing cost reduction strategies 2) Enhancing liquidity 3) Cash-flows management 1 Reducing fixed cost and cash outflow Expenses Remar
Slide 9: Strategy During Lockdown – Managing Cost and Liquidity (2/2)
Strategy During Lockdown – Managing Cost and Liquidity (2/2) 2 Enhancement of liquidity Enhancement Liquidity Additional Borrowings • Raised additional borrowings from existing bankers. 316 Rights Issue • Board has approved a Rights Issue for an amount of upto INR 30,000 lakhs as “confidence capital
Slide 10: Precautions Recommended for Reopening
Precautions Recommended for Reopening Multiplex Association of India (MAI), has submitted enhanced safety and precautions plan for cinemas to Information & Broadcasting Ministry and various state governments. Some of the measures stated in the representation are as follows: • Minimal human contact;
Slide 11: Screen Portfolio and Key Numbers
SCREEN PORTFOLIO AND KEY NUMBERS 10
Slide 12: Screen Portfolio
Screen Portfolio1 Punjab Jammu & Kashmir 1 Cinema | 2 Screens 176 CINEMAS 182K SEATS 10 cinemas | 53 screens Chandigarh Uttarakhand 3 cinemas | 15 screens 1 cinema | 5 screens Uttar Pradesh Haryana 9 cinemas | 32 screens 16 cinemas | 79 screens 845 SCREENS 71 CITIES Jharkhand Delhi 2 cinemas | 7 scr
Slide 13: Key Consolidated Numbers
Key Consolidated Numbers Key Consolidated Numbers – Q4, FY 19-20 vs Q4, FY 18-19 Admits Total Income EBITDA EBITDA PAT Lacs INR Lacs INR Lacs Margin INR Lacs 195 -29% 66,178 -22% 5,944 -65% 9.0% -1,100bps (4,794) -203% 275 84,615 16,932 20.0% 4,675 Key Consolidated Numbers –FY 19-20 vs, FY 18-19 Key
Slide 14: Consolidated Result Summary
Key Updates For The Quarter CONSOLIDATED RESULT SUMMARY 13
Slide 15: Consolidated Result Summary – Q4, FY 19-20 vs Q4, FY 18-19
Consolidated Result Summary – Q4, FY 19-20 vs Q4, FY 18-19 Q4, FY19-20 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 Q4, FY18-19 Growth1 Reported Impact Adjusted Total Income 66,178 66,178 84,615 -22% Expenses 47,248 (12,986) 60,234 67,683 -11% EBITDA 18,930 12,986 5,944 16,932 -65% EBITDA Margin 28.
Slide 16: Consolidated Result Summary – FY 19-20 vs FY 18-19
Consolidated Result Summary – FY 19-20 vs FY 18-19 FY19-20 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 FY18-19 Growth1 Reported Impact Adjusted Total Income 3,45,223 3,45,223 3,11,870 11% Expenses 2,33,785 (50,044) 2,83,829 2,49,923 14% EBITDA 1,11,438 50,044 61,394 61,947 -1% EBITDA Margin 32.3% 1
Slide 17: One time Tax Impact of Re-measurement of Deferred Tax Balances
One time Tax Impact of Re-measurement of Deferred Tax Balances Pursuant to the Taxation Laws (Amendment) Ordinance, 2019 (""Ordinance"") effective from April 01,2019, domestic companies have the option to pay corporate income tax rate at 22% plus applicable surcharge and cess (""New tax rate"") subj
Slide 18: Financial Analysis Exhibition Business
FINANCIAL ANALYSIS EXHIBITION BUSINESS 17
Slide 19: Revenue Analysis (Exhibition)
Revenue Analysis (Exhibition1) Q4, FY19-20 vs Q4, FY18-19 Particulars (INR Lacs) Q4, FY19-20 Q4, FY18-19 % Change Screens 845 763 11% Seats 1,81,917 1,69,976 7% Income from sale of movie tickets 33,004 45,138 -27% Sales of Food & Beverages 17,461 23,134 -25% Advertisement Income 6,854 8,812 -22% Con
Slide 20: Box Office Revenue
Box Office Revenue Admits (lacs) Gross ATP1 (INR) & Occupancy (%) 30.6% 38.6% 34.9% 36.2% 1,017 993 207 204 204 -29% 2% 4% -1% 195 195 275 Q4, FY19-20 Q4, FY18-19 FY19-20 FY18-19 Q4, FY19-20 Q4, FY18-19 FY19-20 FY18-19 Q4 12M Q4 12M Net Box Office (INR lacs) FHC (% of NBOC) 1,73,164 1,63,565 44.4% 4
Slide 21: Box Office Analysis – Top Grossers
Box Office Analysis – Top Grossers Top 5 Movies – Q4, FY 19-20 Top 5 Movies – Q4, FY 18-19 Movie Admits NBOC Movie Admits NBOC (Lacs) (INR Lacs) (Lacs) (INR Lacs) Tanhaji 32 5,345 URI The 40 6,382 Surgical Strike Good Gully 15 2,785 22 3,949 Newwz Boy Shubh Mangal 10 1,740 Simmba 19 3,286 zyada saav
Slide 22: F&B and Sponsorship Revenue
F&B and Sponsorship Revenue Spend per Head (INR) Net F&B (INR Lacs) 94,829 84,610 99 96 6% 10% -25% 12% 91 91 23,134 17,461 Q4, FY19-20 Q4, FY18-19 FY19-20 FY18-19 Q4, FY19-20 Q4, FY18-19 FY19-20 FY18-19 Q4 12M Q4 12M COGS (% of net) Sponsorship Revenue (INR Lacs) 37,587 35,352 29.0% 29.1% 27.5% 27.
Slide 23: Expenditure Analysis (Exhibition)
Expenditure Analysis (Exhibition1) Q4, FY19-20 vs Q4, FY18-19 Particulars (INR Lacs) Q4, FY19-20 Q4, FY18-19 % Change Screens 845 763 11% Seats 1,81,917 1,69,976 7% Employee Benefit Expense 7,398 8,762 -16% Rent 13,880 13,873 0% Common area maintenance 3,944 3,605 9% Electricity and water charges 3,
Slide 24: Balance Sheet
BALANCE SHEET 23
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Reported Debt / EBITDA (INR Lacs) Particulars (INR Lacs) March 31, 2020 March 31, 2019 2.11 2.07 Total Shareholder funds 1,48,051 1,49,615 Equity Share Capital 5,135 4,674 61,394 61,947 Other Equity 1,42,887 1,44,895 Non-Controlling Interest 29 46 1,29,468 1,28,240 Total D
Slide 26: Screens Opened in FY 19-20
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Slide 27: Screens Opened FY19-20
Screens Opened FY19-20 S. No Property City State Screen Q1, FY 20 27 1 Suraj Chanda Tara Amritsar Punjab 6 2 Downtown Mall, Newtown Kolkata West Bengal 3 3 Vegas Mall Gorakhpur Uttar Pradesh 4 4 Uthandi Mall Chennai Tamil Nadu 10 5 Preston Mall Hyderabad Telangana 4 Leader in terms of number of Q2,
Slide 28: Property Images
Property Images Pacific Mall, Dwarka, Delhi Orion Uptown Mall, Bengaluru 27
Slide 29: Property Images
Property Images Cosmo Mall, Zirakhpur 28
Slide 30: Thank You
THANK YOU For any queries please contact investor relations team: Email ID: investorrelations@pvrcinemas.com 29