Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q1 FY2019 Earnings Presentation
28 slides from Ufo Moviez India's earnings presentation, Aug 8, 2018
Slide 1: Q1FY19 Results Presentation
Q1FY19 Results Presentation August 08, 2018
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 In-Cinema Advertising Platform 1,219 Multiplex & Leading Presence Across All Screen 2,638 Single Screens Varieties 3,857 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~48 million 861 Advertisers in Q1FY19 Pan India Presence 448
Slide 4: Strong Presence of Advertisement Screens across India
Strong Presence of Advertisement Screens across India Region wise Distribution of Advertisement Screens North India East India UFO: 756 UFO: 619 Qube: 419 Qube: 244 UFO+Qube: All India UFO+Qube: 863 1,175 Major Multiplex Chains: 423 UFO: 3,857 Major Multiplex Chains: 119 Qube: 3,190 UFO+Qube: 7,047
Slide 5: In Cinema Advertisement Network
In Cinema Advertisement Network Share of Multiplex Total Screens: 3,897 Screens FY 18 1,194 2,703 31% Stable Total Screens: 3,745 Advertisement FY 17 1,027 2,718 27% Screen Network, Total Screens: 3,713 with an increasing FY 16 857 2,856 23% proportion of Total Screens: 3,784 Multiplex Screens FY 15
Slide 6: Robust Advertisement Performance
Robust Advertisement Performance Advertisement Revenues (INR Mn) 2,136 1,790 1,578 1,167 999 695 FY13 FY14 FY15 FY16 FY17 FY18 5
Slide 7: Sustained Growth in In-Cinema Advertising
Sustained Growth in In-Cinema Advertising INR Mn Government + PSU Corporate + Hyperlocal 2,047 1,770 1,538 FY13 – FY18 43% Revenue CAGR 24% 1,164 44% 999 47% 695 46% 41% 19% 57% 53% 56% 81% 59% 54% FY13 FY14 FY15 FY16 FY17 FY18 # of Screens with Ad Rights 3,071 3,592 3,784 3,713 3,745 3,897 Annual A
Slide 8: Key Updates
digital cinema . Key Updates
Slide 9: Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube
Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube UFO Nov 1, 2017 Mar 7, 2018 Apr 10, 2018 May 21, 2018 NCLT hearing Pending on Aug 9, 2018 • Board of • Observation • National • Holding • Final order of • Merger to Directors of Letter received Company Law Shareholders t
Slide 10: Financial and Operating Highlights for Q1FY19
Financial and Operating Highlights for Q1FY19 9
Slide 11: Consolidated Financial Highlights
Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) 1,544 26.5% 1,347 21.0% 409 283 12.7% 30.7% Q1FY18 Q1FY19 Q1FY18 Q1FY19 PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 8.9% 13.7% 8.7% 5.6% 211 137 117 76 44.4% 44.9% Q1FY18 Q1FY19 Q1FY18 Q1FY19 *PAT after Mi
Slide 12: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q1FY19 Q1FY18 451 493 522 34% 470 32% 34% 35% 1,344 1,537 423 522 31% 34% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q1FY19 Q1FY18 Growth Advertisement Revenue 451 493 -8.5% - In-Cinema Advertisement Revenue 401 457 -12.4% - Caravan Adverti
Slide 13: In-Cinema Advertising Performance
In-Cinema Advertising Performance 12
Slide 14: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,857 1,219 2,638 2,467 Mn Top 50 Cities Rest of India Q1FY19 Multiplex Single Multiplex Single # of UFO Screens 476 518 743 2,120 Full House Seating Capacity – Per
Slide 15: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Million Government + PSU Corporate + Hyperlocal 457 401 51% 56% 49% 44% Q1FY18 Q1FY19 Q1FY18 Q1FY19 Ad Revenue / Screen for the period (Avg) (Rs.) 117,568 103,346 Average # of minutes sold / show / Ad Screen 4.65 4.46 # of In Cinema Advertising Clients* 1
Slide 16: Repositioned and Retooled Caravan Talkies for Growth
Repositioned and Retooled Caravan Talkies for Growth 360 Degree Activation Customer Research Brand Experience Solution Movie Screening Brand Activation Driving Footfalls Improved Realizations VDSPL’s Financial Performance • Revenue growth driven by higher realization (INR Mn) Q1FY19 Q1FY18 Growth Ta
Slide 17: Theatrical Revenues
Theatrical Revenues UFO digital cinema
Slide 18: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) 237 231 237 232 Gross Revenue Net Revenue Q1FY18 Q1FY19 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 185 87 129 111 81 43 27 15 Q1FY18 Q1FY19 Q1FY18 Q1FY19 Domestic includes revenues generat
Slide 19: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q1FY19 Q1FY18 E – Cinema 3,679 3,836 D – Cinema 1,617 1,554 Total 5,296 5,390 # of Screens as on June 30, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q1FY19 Q1FY18 E – Cinema Gross 64,057 64,258 E – Cinema Net 62,812 62,750 D – Cinema Gross***
Slide 20: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q1FY19 Q1FY18 Total* 416 807 # of Screens as on June 30, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q1FY19 Q1FY18 D – Cinema Gross 104,085 106,456 D – Cinema Net 37,219 33,619 *Total # of VPF Generating Screens only in Middle East
Slide 21: Financial Performance
Financial Performance UFO digital cinema
Slide 22: Consolidated P&L Statement
Consolidated P&L Statement (INR Mn) Q1FY19 Q1FY18 Growth Revenue from Operations 1,344 1,537 -12.5% Other Income 3 7 -55.4% Total Revenue 1,347 1,544 -12.7% Total Expenses 1,064 1,135 -6.3% EBITDA 283 409 -30.7% Depreciation and Amortisation 188 206 -8.2% EBIT 95 203 -53.3% Finance Cost 15 26 -44.6%
Slide 23: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q1FY19 Q1FY18 1) Total Operating Direct Cost 46.3% 46.5% Key Operating Direct Cost Components i) Advertisement revenue share payment 11.9% 9.8% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 5.6% 8.6% iii) Purchase of Equipmen
Slide 24: Annexure
UFO digital cinema Annexure
Slide 25: Demonstrated Levers for Shareholder Value Creation
Demonstrated Levers for Shareholder Value Creation RoCE (%) 17.63% 19.24% 16.81% Low Capital Intensity 12.66% 14.34% Initial high capital intensity over; generating higher revenues with lower incremental Capex. FY14 FY15 FY16 FY17* FY18* Improving Capital Efficiency Capex Digital Cinema New Initiati
Slide 26: Key Financial Parameters
Key Financial Parameters Net Fixed Asset Turnover (x) RoE (%) 14.93% 2.50 12.83% 13.09% 13.20% 2.30 1.96 11.49% 1.56 1.23 FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* Net Debt** (INR Mn) Net Cash Flow from Operating Activities (INR Mn) 1,108 507 1,588 24 1,215 1,138 1,248 946 -744 -1,095 FY
Slide 27: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) June 30, 2018 SBI Mutual Fund Promoters 30.04% Foreign Venture Capital Investors 18.52% Reliance Capital Asset Management Foreign Portfolio Investors 3.95% DSP Blackrock Mutual Funds 20.39% Corporate Bodies 3.57% Equinox Partners
Slide 28: 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