Mukta Arts Limited · NSE:MUKTAARTS
Mukta Arts — Investor Presentation (May 2017)
30 slides from Mukta Arts's investor presentation, May 2017
Slide 1: Investor Presentation May 2017
INVESTOR PRESENTATION MAY 2017
Slide 2: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Mukta Arts Limited (“Mukta” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial cond
Slide 3: Discussion Summary
DISCUSSION SUMMARY 1 COMPANY OVERVIEW 2 EXHIBITION BUSINESS 3 EDUCATION BUSINESS 4 OTHER BUSINESSES 5 CONSOLIDATED FINANCIALS 3
Slide 4: Overview
OVERVIEW
Slide 5: Differentiated Business Model Across Entire Film Industry Value Chain
COMPANY OVERVIEW DIFFERENTIATED BUSINESS MODEL ACROSS ENTIRE FILM INDUSTRY VALUE CHAIN • Leading production house in India with a rewarding • One of India’s leading film distributors releasing over 50 legacy of more than 30 years films every year • Pioneered by multidimensional founder and • 9 offic
Slide 6: Organisational Structure
COMPANY OVERVIEW ORGANISATIONAL STRUCTURE Mukta Arts Limited FILM PRODUCTION 100.00% 84.99% 55.00% 99.92% 100.00% 100.00% Mukta A2 Cinemas Whistling Woods Mukta V N Films Mukta Telemedia Connect.1 Coruscant Tec Limited International Limited Limited Limited Limited Private Limited THEATRE FILM PROGRA
Slide 7: Board of Directors
COMPANY OVERVIEW BOARD OF DIRECTORS Mr. Subhash Ghai Mr. Rahul Puri Mr. Parvez Farooqui Executive Chairman Managing Director Executive Director ▪ One of India's most prolific ▪ Associated with Mukta Arts ▪ Joined Mukta Arts in 2003 film writer, director and since 1984 ▪ Head of Academics at producer
Slide 8: Management
COMPANY OVERVIEW MANAGEMENT Mr. Prabuddha Dasgupta Mrs. Meghna Ghai Puri Mr. Ashish Gharde CFO President, Whistling Woods COO, Mukta Arts Ltd. ▪ Chartered Accountant with ▪ Honorary Fellow of Bradford ▪ 18 years of experience in over 20 years of experience College, UK Operations and Human in finance
Slide 9: Exhibition Business
5 n = fa ie ao VD 2 or oo ee my si
Slide 10: Indian Film Exhibition – Long Term Sustainable Growth Opportunity
EXHIBITION BUSINESS INDIAN FILM EXHIBITION – LONG TERM SUSTAINABLE GROWTH OPPORTUNITY THEATRICAL MOVIE WATCHING IS THE MOST FAVOURITE ENTERTAINMENT OPTION IN INDIA INDIA RELEASES HIGHEST NUMBER OF MOVIES IN A YEAR INDIA WITNESSES 2ND HIGHEST NUMBER OF THEATRE FOOTFALLS IN A YEAR 1,602 2,178 1,930 Mi
Slide 11: Indian Film Exhibition – Long Term Sustainable Growth Opportunity
EXHIBITION BUSINESS INDIAN FILM EXHIBITION – LONG TERM SUSTAINABLE GROWTH OPPORTUNITY INDIA IS LARGELY UNDERSCREENED WITH SIGNIFICANT POTENTIAL FOR NEW SCREEN ADDITIONS ACROSS TIER 2 AND TIER 3 CITIES MOVIE SCREENS IN INDIA ARE STILL THE LOWEST MULTIPLEXES ARE GROWING AT FAST RATE 125 HOWEVER TOTAL
Slide 12: Mukta A2 Cinemas – Unique Value Proposition
EXHIBITION BUSINESS MUKTA A2 CINEMAS – UNIQUE VALUE PROPOSITION WE OFFER “VALUE FOR MONEY & HIGH QUALITY” MOVIE WATCHING EXPERIENCE IN INDIA WE LEVERAGE OUR EXPERIENCE AND CAPABILITIES WE BRING MOVIE WATCHING EXPERIENCE FOR EVERY INDIAN More than 30 years of experience in the film industry 19 MULTIP
Slide 13: Mukta A2 Cinemas – Our Growing Presence
EXHIBITION BUSINESS MUKTA A2 CINEMAS – OUR GROWING PRESENCE 25 20 13 20 15 11 10 3 4 5 0 FY13 FY14 FY15 FY16 May-17 Number of Properties 60 51 50 40 31 36 30 19 20 11 10 0 FY13 FY14 FY15 FY16 May-17 Number of Screens 234 178 195 184 187 11,912 5,718 6,748 1,962 3,700 FY13 FY14 FY15 FY16 May-17 Numbe
Slide 14: Mukta A2 Cinemas – Our Properties
EXHIBITION BUSINESS MUKTA A2 CINEMAS – OUR PROPERTIES 14
Slide 15: Mukta A2 Cinemas – Financial Summary
EXHIBITION BUSINESS MUKTA A2 CINEMAS – FINANCIAL SUMMARY REVENUES (Rs Mn) EBITDA (Rs Mn) & EBITDA MARGIN % CAGR: 60 % 553.2 15.1% 9.1% 11.3% 431.6 8.6% 66.3 296.1 33.9 -6.3% 176.5 15.4 52.4 4.9 -34.8 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 EBITDA EBITDA Margin % REVENUES - SEGMENT BREAKUP
Slide 16: Mukta A2 Cinemas – Operational Summary
EXHIBITION BUSINESS MUKTA A2 CINEMAS – OPERATIONAL SUMMARY FOOTFALLS & OCCUPANCY REVENUE PER FOOTFALL (Rs) OTHER REVENUES PER OPERATING SCREEN (Rs Mn) 28% 33% 31% 29% 109.9 107.9 111.7 24% 98.8 100.0 3,454 3,669 0.7 0.4 2,556 0.6 0.5 31.0 27.8 32.8 29.0 1,422 30.2 0.5 369 0.4 0.3 0.2 0.3 FY13 FY14 F
Slide 17: Mukta A2 Cinemas – Business Model
EXHIBITION BUSINESS MUKTA A2 CINEMAS – BUSINESS MODEL “LOW FIXED OPEX” AND “CAPEX LIGHT” – DIFFERENTIATED BUSINESS MODEL CAPITALISING ON UNDER-PENETRATED MARKETS: CAPEX MODELS • Focus on providing affordable and high quality movie viewing experience Model 1: • Focus on organic growth in under-penetr
Slide 18: Mukta A2 Cinemas – Foray into Bahrain
EXHIBITION BUSINESS MUKTA A2 CINEMAS – FORAY INTO BAHRAIN FILM EXHIBITION MUKTA’S FORAY INTO HIGHER PROFITABILITY AND OPPORTUNITY IN BAHRAIN BAHRAIN RETURN RATIO • The GCC region, including Bahrain is • Mukta has launched its flagship • Mukta is currently witnessing a highly under-screened market mu
Slide 19: Mukta A2 Cinemas – Business Outlook
EXHIBITION BUSINESS MUKTA A2 CINEMAS – BUSINESS OUTLOOK MUKTA A2 CINEMAS PLANS TO BUILD ENTERS INTO JOINT VENTURE WITH ASIAN PAN INDIA CINEMAS PLAN TO REACH PRESENCE WITH The JV plans to open 25 100 SCREENS IN FY18 single screens over the next 200 - 250 SCREENS 18 months IN THREE YEARS 19
Slide 20: Education Business
EDUCATION BUSINESS
Slide 21: Whistling Woods International
EDUCATION BUSINESS WHISTLING WOODS INTERNATIONAL WHISTLING WOODS INTERNATIONAL (WWI) INDIA’S PREMIER FILM, COMMUNICATION & MEDIA ARTS INSTITUTE WWI IS ONE OF THE ASIA’S LARGEST MEDIA ARTS INSTITUTES RATED AMONGST THE TOP 10 FILM SCHOOLS IN THE WORLD 5.5 Acre 8 Schools 824 Students 15% 95% Peak capac
Slide 22: Whistling Woods International – Key Achievements and Partners
EDUCATION BUSINESS WHISTLING WOODS INTERNATIONAL KEY ACHIEVEMENTS ACADEMIC PARTNERS TECHNOLOGY PARTNERS • Rated as one of the 10 best film schools in the world - by ‘The Hollywood Reporter’ magazine • Member of CILECT (amongst the 160 schools out of the 3,000+ film schools globally) • Partnered with
Slide 23: Whistling Woods International – Operational Highlights
EDUCATION BUSINESS WHISTLING WOODS INTERNATIONAL – OPERATIONAL HIGHLIGHTS NUMBER OF STUDENTS REVENUES (RS MN) 824 CAGR 16% CAGR 20% 750 333.7 270.2 550 New students 450 214.6 400 addition is gaining 183.3 178.7 strong momentum FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 EBITDA (RS MN) & EBITDA
Slide 24: Other Businesses
KHAN KAIF KHAN " SS ae Music hinds love ge yao . oi % = a BUSINESSES
Slide 25: Film Production
OTHER BUSINESSES FILM PRODUCTION MUKTA ARTS IS ONE OF THE LEADING PRODUCTION HOUSES IN INDIA • Successful operating history for over last 30 years since inception • Founded by Mr Subhash Ghai – one of the India's most prolific film writer, director and producer • Strong repertoire of more than 35 co
Slide 26: Film Distribution & Programming, Digital Content
OTHER BUSINESSES FILM DISTRIBUTION & PROGRAMMING, DIGITAL CONTENT FILM DISTRIBUTION • One of India’s leading film distributors releasing over 50 films every year • 9 offices across India with strong presence in North India (Punjab, Delhi, UP, Indore) • Works with leading production companies – 20th
Slide 27: Consolidated Financials
CONSOLIDATED FINANCIALS 27
Slide 28: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs Mn) FY13 FY14 FY15 FY16 FY17 Revenue from Operations 2,797 3,083 1,314 884 1,030 Net Box Office Collection 39 127 209 302 391 Food & beverages 11 35 68 101 126 Software 2,460 2,628 720 102 55 Education 200 169 209 270 334 Equipment Hire 4 4 3 4 3
Slide 29: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (Rs Mn) FY13 FY14 FY15 FY16 FY17 Particulars (Rs Mn) FY13 FY14 FY15 FY16 FY17 Shareholders' Funds 601 528 467 435 362 Fixed Assets 816 861 870 904 1,092 Non-Current Assets 273 528 305 358 385 Share Capital 113 113 113 113 113 Non-Current Investments 10 10 18 18
Slide 30: For Further Queries
FOR FURTHER QUERIES Mr. Prabuddha Dasgupta CFO Email: prabuddha@muktaarts.com Mr. Nilesh Dalvi / Mr. Arun Prakash IR Consultant Email: nilesh.dalvi@dickensonir.com / arun.prakash@dickensonir.com Contact no: +91 98192 89131 / +91 75069 33892 30