Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q3 FY2019 Earnings Presentation
26 slides from Ufo Moviez India's earnings presentation, Feb 6, 2019
Slide 1: Q3&9MFY19 Results Presentation
Q3&9MFY19 Results Presentation February 06, 2019
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 1,259 Multiplex & Leading Presence Across All Screen 2,479 Single Screens Categories 3,738 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~46 million 904 Advertisers in Q3FY19 Pan India Presence 39
Slide 4: Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube
Update on Composite Scheme of Arrangement and Amalgamation between UFO and Qube November 01, 2017: Board of Directors of the Company approved the Composite Scheme of Arrangement and Amalgamation between UFO and Qube March 07, 2018: UFO received Observation letter from Stock Exchanges conveying “No-o
Slide 5: Financial and Operating Highlights for Q3&9MFY19
Financial and Operating Highlights for Q3&9MFY19 4
Slide 6: Consolidated Financial Highlights
Consolidated Financial Highlights Q3FY19 YoY Comparison Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 1,547 14.8% 9.4% 1,402 26.2% 26.2% 12.7% 8.6% 367 406 230 179 120 146 28.5% 21.9% 10.3% 10.7% Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3F
Slide 7: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q3FY19 Q3FY18 9MFY19 9MFY18 378 462 494 27% 1,359 1,339 626 1,568 1,328 31% 31% 30% 36% 41% 37% 32% 1,533 1,391 4,209 4,330 445 519 1,313 1,632 29% 37% 31% 38% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q3FY19 Q3FY18 Growth 9MFY19 9MFY18 Gr
Slide 8: In-Cinema Advertising Performance
In-Cinema Advertising Performance 7
Slide 9: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,738 1,259 2,479 2,347 Mn Top 50 Cities Rest of India Q3FY19 Multiplex Single Multiplex Single # of UFO Screens 469 508 790 1,971 Full House Seating Capacity – Per
Slide 10: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Million Government + PSU Corporate + Hyperlocal 1,414 1,288 54% 51% 560 470 49% 58% 49% 46% 51% 42% Q3FY18 Q3FY19 9MFY18 9MFY19 Q3FY18 Q3FY19 9MFY18 9MFY19 Ad Revenue / Screen for the period (Avg) (Rs.) 117,988 148,542 335,023 370,357 Average # of minutes
Slide 11: 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 and Utilization VDSPL’s Financial Performance • Revenue growth driven by higher realization and increased va
Slide 12: Theatrical Revenues
Theatrical Revenues UFO digital cinema
Slide 13: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) 808 791 795 777 Gross Revenue Net Revenue 269 263 284 279 Q3FY18 Q3FY19 9MFY18 9MFY19 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 561 218 154 306 312 225 173 61 71 52 57 91 87 69 21 19 Q3FY
Slide 14: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q3FY19 Q3FY18 9MFY19 9MFY18 E – Cinema 3,585 3,732 3,585 3,732 D – Cinema 1,704 1,582 1,704 1,582 Total 5,289 5,314 5,289 5,314 # of Screens as on December 31, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q3FY19 Q3FY18 9MFY19 9MFY18 E – Cinema
Slide 15: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International # of Screens Q3FY19 Q3FY18 9MFY19 9MFY18 Total* 325 416 325 416 # of Screens as on December 31, 2018 VPF Revenue / Screen (Average**) (in Rs.) Q3FY19 Q3FY18 9MFY19 9MFY18 D – Cinema Gross 161,135 99,618 415,654 353,390 D – Cinema Net 58,501 34,742 153,
Slide 16: Financial Performance
Financial Performance UFO digital cinema
Slide 17: Consolidated P&L Statement
Consolidated P&L Statement (INR Mn) Q3FY19 Q3FY18 Growth 9MFY19 9MFY18 Growth Revenue from Operations 1,533 1,390 10.2% 4,209 4,330 -2.8% Other Income 14 12 17.2% 20 19 5.4% Total Revenue 1,547 1,402 10.3% 4,229 4,349 -2.8% Total Expenses 1,141 1,035 10.2% 3,202 3,196 0.2% EBITDA 406 367 10.7% 1,027
Slide 18: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q3FY19 Q3FY18 9MFY19 9MFY18 1) Total Operating Direct Cost 41.0% 41.9% 42.5% 44.2% Key Operating Direct Cost Components i) Advertisement revenue share payment 12.6% 12.4% 12.1% 11.1% ii) VPF D-Cinema share payment to D-Cinema Exhibit
Slide 19: Annexure
Annexure UFO digital cinema
Slide 20: 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 21: 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 20
Slide 22: 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 23: Demonstrated Levers for Shareholder Value Creation
Demonstrated Levers for Shareholder Value Creation RoCE (%) 17.63% 19.24% 17.01% 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 24: Key Financial Parameters
Key Financial Parameters Net Fixed Asset Turnover (x) RoE (%) 14.93% 2.50 12.83% 13.09% 13.39% 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 25: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) December 31, 2018 SBI Mutual Fund Promoters 30.09% Foreign Venture Capital Investors 18.52% Reliance Capital Asset Management Foreign Portfolio Investors 3.80% DSP Blackrock Mutual Funds 20.13% Corporate Bodies 3.32% Equinox Part
Slide 26: 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