Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q1 FY2017 Earnings Presentation
30 slides from Ufo Moviez India's earnings presentation, Aug 2, 2016
Slide 1: Q1 FY17 Results Presentation
Q1 FY17 Results Presentation August 02, 2016 * in terms of number of screens.
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 Digital Cinema Network and In-Cinema Advertising Platform Indian Film Industry’s Largest India’s Largest In-cinema Content Distribution Highway High Impact Advertising Platform 4,997* 3,670 Digital Screens in India In Cinema Advertising Screens ~2.12 million wi
Slide 4: UFO's Innovative Solution for Analog Cinema Market
UFO’s Innovative Solution for Analog Cinema Market Analog Cinema Era beset with … UFO’s Innovative Solution Issues… Satellite Delivery ‘Solution provider’, not In-cinema Advertising of Cinema ‘Product provider’ proposition Satellite Solution Viewers Pan India movie release End to end technology Conn
Slide 5: Philosophy – Value Creation Across the Value Chain
Philosophy – Value Creation Across the Value Chain Digitization has redefined film economics by enabling pan-India releases on day one and improving viewing experience. Aggregated ad inventory across a fragmented exhibitor base has created a unique ad platform with high effectiveness and reach. UFO
Slide 6: Our Vision
Our Vision Recreating Growth Lever Creating additional UFO customer base in India by providing end-to-end Consulting Phase VII Services to Local Entrepreneur to develop greenfield exhibition centers Leveraging Phase Leveraging on Existing Infrastructure Phase VI to build newer Synergetic Businesses
Slide 7: Shareholder Value Creation
Shareholder Value Creation Initial high capital intensity over; poised to generate higher revenues with lower Capital Intensity incremental capex. Capital Efficiency Network Effect and Operational Efficiencies lead to increasing RoCE. Capital Allocation Intent to grow only in synergistic businesses
Slide 8: Financial and Operating Highlights
Financial and Operating Highlights 7
Slide 9: Financial Highlights
Financial Highlights Consolidated, excluding VDSPL** Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 31.8% 14.9% 15.3% 11.0% 11.3% 1,290 1,332 29.7% 411 396 142 150 192 204 3.2% -3.6% 6.1% 5.7% Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16
Slide 10: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Hindi Top 10 Telugu Release # of Release # of Movie Movie Date Screens Date Screens 3-Jun HOUSEFULL 3 2,725 8-Apr SARDAAR GABBARSINGH 982 29-Apr BAAGHI 2,683 22-Apr SARRAINODU 887 15-Apr FAN 2,545 20-May BRAHMOTSAVAM 826 13-May AZHAR 2,000
Slide 11: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Kannada Top 10 Malayalam Release # of Release # of Movie Movie Date Screens Date Screens 29-Apr CHAKRAVYUHA 203 8-Apr JACOBINTE SWARGARAJYAM 205 10-Jun JAGGU DADA 192 1-Apr KING LIAR 171 8-Apr JAI MARUTHI 800 149 20-May KAMMATIPAADAM 143 13
Slide 12: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Million) (INR Million) Q1FY16 Q1FY17 397 323 363 355 30% 24% 28% 27% 1,340 1,305 620 587 46% 45% Exhibitors Revenue Distributor Revenue Advertisement Revenue (INR Million) Q1FY17 Q1FY16 Growth Advertisement revenue 397 363 9.5% Virtual Print Fees - E-Cinema 230 228 0.7%
Slide 13: In Cinema Advertising Performance
In Cinema Advertising Performance 12
Slide 14: In Cinema Advertisement Operating Parameter
In Cinema Advertisement Operating Parameter in Million Seats # of UFO Screens Full House Seating 3,728 3,670 Capacity – Annualised* 2,630 2,513 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Top 50 Cities Rest of India Q1FY17 Multiplex Single Multiplex Single # of UFO Screens 367 484 512 2,307 Full House Seating Capac
Slide 15: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Million Government + PSU Corporate + Retail + Caravan 397 363 45% 58% 55% 42% Q1FY16 Q1FY17 In Cinema Advertisement Q1FY17 Q1FY16 Ad Revenue / Screen for the period (Avg) (Rs.) 104,292 93,098 Average # of minutes sold / show / Ad Screen 3.97 3.81 # of In Cinema Adv
Slide 16: Theatrical Revenues
UFO a digital cinema Theatrical Revenues
Slide 17: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Million) 228 223 230 223 Gross Revenue Net Revenue Q1FY16 Q1FY17 D – Cinema - VPF Domestic Revenue (INR Million) International Revenue (INR Million) 223 196 148 153 138 149 49 48 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Domestic include
Slide 18: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens * Q1FY17 Q1FY16 E – Cinema 3,509 3,504 D – Cinema 1,488 1,461 Total 4,997 4,965 * Average # of Screens as on June 30, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q1FY17 Q1FY16 E – Cinema Gross 65,165 64,674 E – Cinema Net 63,367 63,282 D – Cine
Slide 19: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q1FY17 Q1FY16 Total 902 850 * Average # of Screens as on June 30, 2016 VPF Revenue / Screen (Average**) (in Rs.) Q1FY17 Q1FY16 D – Cinema Gross 171,409 175,405 D – Cinema Net 54,283 57,642 Total number of Screens includes Middle East
Slide 20: Progress of Caravan Talkies
Progress of Caravan Talkies Q1FY17 Update • 91 Caravans were operational during the quarter in 91 Districts in 6 States • Caravan revenues during Q1FY17 stood at Rs. 12.4 million IMRB Research • IMRB conducted a research on Caravan Talkies to assess the efficacy of the medium and effectiveness of th
Slide 21: Financial Performance
UFO a digital cinema Financial Performance
Slide 22: Consolidated Results
Consolidated Results (INR Million) Q1FY17 Q1FY16 Growth Revenue from Operations 1,340 1,305 2.7% Other Income 6 1 603.6% Total Revenue 1,346 1,306 3.1% Total Expenses 982 900 9.1% EBITDA 364 406 -10.3% Depreciation and Amortisation 206 192 7.7% EBIT 158 214 -26.4% Finance Cost 28 41 -32.5% Finance I
Slide 23: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q1FY17 Q1FY16 1) Total Operating Direct Cost 43.3% 43.3% Key Operating Direct Cost Components i) Advertisement revenue share payment 9.0% 8.8% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 13.7% 12.4% iii) Purchase of Equipme
Slide 24: Financial Performance excluding VDSPL
Financial Performance excluding VDSPL Reconciliation to EBITDA excluding VDSPL** (INR Million) Q1FY17 Q1FY16 Growth Reported EBITDA Including VDSPL 364 406 -10.3% Margin 27.0% 31.1% VDSPL EBITDA Loss 32 5 EBITDA Excluding VDSPL 396 411 -3.6% Margin 29.7% 31.8% Reconciliation to PAT excluding VDSPL**
Slide 25: Annexure
UFO a digital cinema Annexure
Slide 26: Financial Highlights – 5 Years
Financial Highlights – 5 Years Total Revenue (INR Million) EBITDA (INR Million) & Margin (%) 5,721 33.6% 32.3% 31.7% 31.3% 4,793 4,250 25.2% 1,848 1,608 3,375 1,332 1,069 2,077 523 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 PBT (INR Million) & Margin (%) PAT* (INR Million) & Margin (%) 11.2%
Slide 27: Advertisement Revenue – 5 Years
Advertisement Revenue – 5 Years INR Million Government + PSU Corporate + Retail + Caravan 1,578 FY12 – FY16 1,167 Revenue CAGR 44% 48% 999 46% 695 41% 19% 370 52% 18% 81% 59% 54% 82% FY12 FY13 FY14 FY15 FY16 # of Screens with Ad Rights 2,647 3,071 3,592 3,784 3,713 Annual Ad Revenue / Screen (Avg) 1
Slide 28: Key Financial Parameters
Key Financial Parameters RoCE (%) RoE (%) 17.63% 12.83% 13.09% 14.34% 11.49% 12.66% 10.10% 12.01% 4.51% 2.06% FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 Net Debt* (INR Million) Net Debt / EBITDA (X) 1,108 0.83 0.65 691 507 0.46 0.32 242 24 0.01 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY1
Slide 29: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) June 30, 2016 SBI Mutual Fund Promoters 28.86% Reliance Capital Asset Management Foreign Venture Capital Investors 19.03% Max Life Insurance FII 5.70% DSP Blackrock Wellington International Management DII 15.91% Grandeur Peak Glo
Slide 30: 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