Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — H1 FY2023 Earnings Presentation
26 slides from Pvr Inox's earnings presentation, Oct 17, 2022
Slide 1: Exchange filing cover letter
17th October, 2022 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 Q2 & H1 FY 2023
INVESTOR UPDATE 1 October 17 , 2022 Q2 & H1 FY 2023 th
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 Key Highlights & Updates 5-9 National Cinema Day & Other Initiatives 10-11 Screen Portfolio 12 Result Summary 13-15 Financial Analysis 16-20 Content Pipeline 21-24 Financial numbers presented in this deck are Consolidated financials, unless otherwise specified 4
Slide 6: Key Highlights
KEY HIGHLIGHTS INR Mn TOTAL INCOME EBITDA PAT Q2, FY 23 7,017 129 -566 Q2, FY 20 9,794 2,006 660 H1, FY 23 17,021 2,208 117 H1, FY 20 18,666 3,661 1,102 As the business was severely impacted by pandemic, all numbers in this document have been compared against Q2 & H1 FY 2020 (pre-pandemic period) No
Slide 7: Box Office Impacted Due to Underperformance of Bollywood
BOX OFFICE IMPACTED DUE TO UNDERPERFORMANCE OF BOLLYWOOD Average gross collection of top 5 Bollywood movies for PVR dropped by 37% in Q2, FY23 vs Q2, FY20 Top 5 movies for Q2, FY 23 INR Mn Top 5 movies for Q2, FY 20 Average Collection 256 Average Collection 410 Jugjugg Jeeyo 104 Kabir Singh 255 Ek V
Slide 8: Lack of Hollywood Tentpoles in Q2
LACK OF HOLLYWOOD TENTPOLES IN Q2 Weakest Quarter for Hollywood globally with limited movie releases Only 1 Hollywood tentpole released in Q2, FY23 3 Hollywood tentpoles released in Q2, FY20 PVR GBOC ₹ 421 mn ₹ 494 mn ₹ 317 mn ₹ 237 mn INR Mn 1,352 -47% 723 Q2 FY'23 Q2 FY'20 Overall gross collection
Slide 9: Regional Movies Holding the Fort
REGIONAL MOVIES HOLDING THE FORT Gross Box Office Contribution of Regional movies has increased to 44% in Q2, FY23 from 28% in Q2, FY20 44% 16% 28% Q2 FY'23 Q2 FY'20 Sita Ramam (Telugu) Karthikeya 2 (Telugu) Saaho (Telugu) Nerkonda Paarvai (Tamil) PVR GBOC ₹ 167 mn ₹ 147 mn ₹ 409 mn ₹ 92 mn Thiruchi
Slide 10: Increasing Contribution of Regional Cinema
INCREASING CONTRIBUTION OF REGIONAL CINEMA Gross Box office contribution across genres* Q2, FY 23 Q2, FY 20 28% 38% 44% 48% 24% 18% *based on the ‘Original Language of the title’ 9
Slide 11: National Cinema Day
NATIONAL CINEMA DAY Industry wide initiative to drive admissions back to cinemas 11+ Multiplex chains, 4,000+ screens, 6.5+ Mn admissions making it the highest attended day of the year Low ticket pricing of INR 75 across Cinemas & deeply discounted F&B offerings SNAPSHOT OF NATIONAL CINEMA DAY PERFO
Slide 12: Other Initiatives
OTHER INITIATIVES Focused on driving admissions back to cinemas 11
Slide 13: Screen Portfolio
SCREEN PORTFOLIO Punjab Jammu & Kashmir 12 cinemas | 63 screens 1 Cinema | 2 Screens Chandigarh Uttarakhand 1 cinema | 5 screens 175 CINEMAS 3 cinemas | 15 screens Uttar Pradesh Haryana 18 cinemas | 83 screens 864 SCREENS 10 cinemas | 39 screens Jharkhand Delhi 2 cinemas | 7 screens 76 CITIES 17 cin
Slide 14: A'rFitm BY AYAN MUKERJI 9, ee
A'rFitm BY AYAN MUKERJI 9, ee
Slide 15: Result Summary Q2 FY23 vs Q2 FY20
RESULT SUMMARY Q2, FY 23 vs Q2, FY 20 Q2, FY 23 Q2, 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 7,031 14 7,017 9,794 9,794 Expenses 5,331 -1,558 6,889 6,551 -1,237 7,788 EBITDA 1,701 1,572 129 3,
Slide 16: Result Summary H1 FY23 vs H1 FY20
RESULT SUMMARY H1, FY 23 vs H1, FY 20 H1, FY 23 H1, 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 17,054 33 17,021 18,666 0 18,666 Expenses 11,729 -3,084 14,813 12,569 -2,436 15,005 EBITDA 5,325 3,
Slide 17: Financial Analysis
& FINANCIAL 4 ANALYSIS
Slide 18: Operating Numbers
OPERATING NUMBERS Q2, FY 23 vs Q2, FY 20 vs Q1 FY 23; H1, FY 23 vs H1, FY 20 Particulars Q2, FY 23 Q2, FY 20 % Change Q1, FY 23 % Change H1, FY 23 H1, FY 20 % Change Operating Numbers Screens 864 800 8% 858 1% 864 800 8% Seats 1,80,499 1,75,260 3% 1,78,630 1% 1,80,499 1,75,260 3% Cinemas 175 170 3%
Slide 19: Revenue Analysis
REVENUE ANALYSIS Q2, FY 23 vs Q2, FY 20 vs Q1 FY 23; H1, FY 23 vs H1, FY 20 Particulars Q2, FY 23 Q2, FY 20 % Change Q1, FY 23 % Change H1, FY 23 H1, FY 20 % Change Financials (INR Mn) Sale of Movie Tickets 3,268 4,918 -34% 5,302 -38% 8,570 9,484 -10% Sale of Food & Beverages 2,303 2,728 -16% 3,238
Slide 20: Expenditure Analysis
EXPENDITURE ANALYSIS Q2, FY 23 vs Q2, FY 20 vs Q1 FY 23; H1, FY 23 vs H1, FY 20 Particulars Q2, FY 23 Q2, FY 20 % Change Q1, FY 23 % Change H1, FY 23 H1, FY 20 % Change Variable Cost FHC (%) 45.6% 44.1% 150 bps 45.6% 0 bps 45.6% 44.3% 130 bps COGS (%) 27.3% 26.7% 60 bps 23.6% 370 bps 25.2% 26.9% -17
Slide 21: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Reported Particulars (INR Mn) September 30, 2022 March 31, 2022 INR Mn Total Shareholder funds 13,781 13,701 Equity Share Capital 611 610 Net Debt 11,003 9,266 Other Equity 13,177 13,094 Non-Controlling Interest -7 -3 Total Debt 15,542 15,052 4,539 5,786 Long Term Borrowin
Slide 22: Strong Movie Line Up
STRONG MOVIE LINE UP Release calendar is as per the release dates announced as on date and is subject to change. Content line up shown in subsequent slides 21
Slide 23: Content Pipeline
CONTENT PIPELINE BLACK ADAM CAST DWAYNE JOHNSON, SARAH SHAHI, ALDIS HODGE DIRECTOR JAUME COLLET SERRA 20" OCT’2022 MILI CAST JANHVI KAPOOR, VIKRAM KOCHHAR, RAGHAV BINANI, MANOJ PAHWA, SUNNY KAUSHAL, DIRECTOR MATHUKUTTY XAVIER 4 NOV’2022 RAM SETU CAST AKSHAY KUMAR, NUSHRRATT BHARUCCHA, JACQUELINE FER
Slide 24: Content Pipeline
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Slide 25: Content Pipeline
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Slide 26: Thank You
THANK YOU