Pvr Inox Limited · NSE:PVRINOX
Pvr Inox — Q2 FY2025 Earnings Presentation
25 slides from Pvr Inox's earnings presentation, Oct 15, 2024
Slide 1: Exchange filing cover letter
15th October, 2024 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'25
INVESTOR UPDATE INVESTOR UPDATE : Q2 & H1 FY’25 OCTOBER 15th, 2024 Q2 & H1 FY’25
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of PVR INOX 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 a
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 5 Box Office Update 7 Result Summary 11 Growth Update 17 Content Pipeline 19 INVESTOR UPDATE : Q2 & H1 FY’25 4
Slide 6: Key Financial Highlights
Key Financial Highlights EBITDA & (in INR Mn) TOTAL INCOME PAT EBITDA MARGIN Q2, FY’25 16,419 2,069 12.6% 224 Q2, FY’24 20,196 4,473 22.1% 2,073 H1, FY’25 28,505 1,870 6.6% -1,142 H1, FY’24 33,440 5,476 16.4% 1,633 Note: Above financial numbers are after excluding the impact of Ind AS 116 – ‘Leases’
Slide 7: Key Operating Highlights
Key Operating Highlights ADMITS (Mn) ATP (INR) SPH (INR) Q2, FY’25 38.8 257 136 Q2, FY’24 48.4 276 136 H1, FY’25 69.2 247 135 H1, FY’24 82.3 264 134 INVESTOR UPDATE : Q2 & H1 FY’25 6
Slide 8: Strong QoQ Bounceback in Box Office Collections
Strong QoQ Bounceback in Box Office Collections India Gross Box Office in INR Mn (1) 13,080 +91% 6,845 HINDI STREE 2 KALKI 2898 AD BAD NEWZ 2,785 | 7,130 924 | 2,143 396 | 767 Q1 FY'25 Q2 FY'25 15,478 +20% 12,922 REGIONAL G.O.A.T. (Tamil) KALKI 2898 AD (Telugu) DEVARA (Telugu) Q1 FY'25 Q2 FY'25 368
Slide 9: Adding Another 'Superstar' to our line up – 'Re-releases'
Adding Another ‘Superstar’ to our line up – ‘Re-releases’ Top 3 Re-releases Film Festivals / Curated Shows Tumbbad (Hindi) Rockstar (Hindi) Laila Majnu (Hindi) 190 | 378 94 | 105 77 | 95 PVR INOX GBOC | India GBOC (INR Mn) Strong performance: Re-released films contributed ~6% of Q2 admissions Of
Slide 10: Bollywood Box Office gains momentum with 'Stree 2'
Bollywood Box Office gains momentum with ‘Stree 2’… Highest Grossing Hindi Movie …with a strong line up ahead of all time SINGHAM AGAIN BHOOL BHULAIYA 3 BABY JOHN STREE 2 CHAAVA SKY FORCE SIKANDAR INVESTOR UPDATE : Q2 & H1 FY’25 9
Slide 11: Robust content line up for Regional and Hollywood
Robust content line up for Regional and Hollywood KANGUVA (Multilingual) GAME CHANGER (Telugu) VIDUTHALAI PART 2 (Tamil) PUSHPA 2 VENOM : THE LAST DANCE GLADIATOR 2 MUFASA : THE LION KING (Multilingual release – Telugu, Hindi, Tamil, Kannada, Malayalam) INVESTOR UPDATE : Q2 & H1 FY’25 10
Slide 12: Result Summary (Consolidated) – Q2, FY'25 vs Q2, FY'24
Result Summary (Consolidated) – Q2, FY’25 vs Q2, FY’24 Q2, FY’25 Q2, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 16,639 220 16,419 20,237 41 20,196 Expenses 11,428 -2,922 14,350 12,931 -2,792 15,723 EBITDA 5,21
Slide 13: Result Summary (Consolidated) – H1, FY'25 vs H1, FY'24
Result Summary (Consolidated) – H1, FY’25 vs H1, FY’24 H1, FY’25 H1, FY’24 Particulars (INR Mn) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 28,833 328 28,505 33,535 95 33,440 Expenses 20,820 -5,815 26,635 22,455 -5,509 27,964 EBITDA 8,01
Slide 14: Key Operating Numbers
Key Operating Numbers Particulars Units Q2, FY’25 Q2, FY’24 H1, FY’25 H1, FY’24 Reported Reported YoY Change (%) Reported Reported YoY Change (%) Operating Numbers (A) (B) (A / B-1) (A) (B) (A / B-1) Cinema Count (at the end of period) (1) 356 360 -1% 356 360 -1% Screen Count (at the end of period)
Slide 15: Revenue Analysis
Revenue Analysis Particulars (INR Mn) Q2, FY’25 Q2, FY’24 H1, FY’25 H1, FY’24 Weighted Average Screens (1) 1,708 1,666 2% 1,705 1,656 3% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Financials (A) (B) (A / B-1) (A) (B) (A / B-1) Sale of Movie Tickets 8,376 11,193 -25.2% 14,311 1
Slide 16: Expense Analysis
Expense Analysis Particulars (INR Mn) Q2, FY’25 Q2, FY’24 H1, FY’25 H1, FY’24 Weighted Average Screens (1) 1,708 1,666 2% 1,705 1,656 3% Reported Reported YoY Change (%) Reported Reported YoY Change (%) Variable Cost (A) (B) (A / B-1) (A) (B) (A / B-1) FHC (%) 44.9% 46.4% -146 bps 44.4% 46.1% -167 b
Slide 17: Balance Sheet
Balance Sheet Consolidated INR Mn Particulars (INR Mn) September 30, 2024 March 31, 2024 Gross Debt 17,177 17,213 Total Shareholder funds 71,401 73,232 Equity Share Capital 982 981 4,237 Other Equity 70,399 72,254 5,682 Non-Controlling Interest 20 -3 Total Debt 17,213 17,177 Long Term Borrowings 10,
Slide 18: Screen Growth Update
Screen Growth Update # Cinemas Opened Opening Date Screens 1. PVR Forum Mall, Kochi 10-Apr-24 9 INOX Phoenix Market City, Bengaluru 2. 11-Apr-24 14 (Mall of Asia) 3. PVR KOPA, Koregaon Park, Pune 8-May-24 7 4. PVR Ambience Gurgaon (Experience Zone)(1) Q1 9-May-24 4 5. INOX Urban Square Udaipur 30-Ma
Slide 19: Diversified Screen Network of 1,747 Screens across 111 Cities
Diversified Screen Network of 1,747 Screens across 111 Cities PUNJAB JAMMU & KASHMIR 17 cinemas | 90 screens 2 cinemas | 5 screens East CHANDIGARH UTTARAKHAND 3 cinemas | 15 screens 2 cinemas | 10 screens HARYANA UTTAR PRADESH 8% 21 cinemas | 93 screens 27 cinemas | 138 screens SOUTH (1) DELHI JHARK
Slide 20: Content Lineup
CONTENT LINEUP
Slide 21: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q2 & H1 FY’25 20
Slide 22: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q2 & H1 FY’25 21
Slide 23: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q2 & H1 FY’25 22
Slide 24: Content Lineup
Content Lineup The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q2 & H1 FY’25 23
Slide 25: Investor Update: Q2 & H1 FY'25
The latest content lineup can also be accessed at : https://www.pvrcinemas.com/coming-soon-movie-calender INVESTOR UPDATE : Q2 & H1 FY’25 24