Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — H1 FY16 Earnings Presentation
27 slides from Ufo Moviez India's earnings presentation, Nov 9, 2015
Slide 1: Q2 & H1 FY16 Results Presentation
Q2 & H1 FY16 Results Presentation November 9, 2015 * 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”), are for informational purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the C
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 4,940* 3,690 Digital Screens in India In Cinema Advertising Screens ~2.15 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: Consolidated Financial Highlights
Consolidated Financial Highlights Q2 FY16 Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 1,497 32.5% 15.9% 11.0% 30.9% 14.8% 1,272 10.2% 239 463 414 189 165 130 17.7% 11.8% 26.6% 26.5% Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Q2 FY15 Q
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 17-Jul BAJRANGI BHAIJAAN 3,054 10-Jul BAAHUBALI - THE BEGINNING 739 10-Jul BAAHUBALI - THE BEGINNING 2,591 7-Aug SRIMANTHUDU 821 14-Aug BROTHERS 2,483 21-Au
Slide 11: Driving Wide Spread Release of Movies on UFO Network
Driving Wide Spread Release of Movies on UFO Network Top 10 Malyalam Top 10 Bhojpuri Release # of Release # of Movie Movie Date Screens Date Screens 21-Aug LOHAM 221 14-Aug RAJA BABU 182 17-Jul MADHURA NARANGA 121 17-Jul JIGARWALA 169 10-Jul BAAHUBALI - THE BEGINNING 89 31-Jul KARZ VIRASAT KE 94 17-
Slide 12: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Million) Q2FY16 Q2FY15 H1FY16 H1FY15 344 319 707 513 23% 473 358 825 22% 624 25% 25% 32% 29% 30% 27% 1,482 1,256 2,786 2,311 666 579 1,254 1,174 45% 46% 45% 51% Exhibitors Revenue Distributor Revenue Advertisement Revenue (INR Million) Q2FY16 Q2FY15 Growth H1FY16 H1FY15
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 Capacity – Annualised* 3,762 2,694 3,690 2,573 Q2FY15 Q2FY16 Q2FY15 Q2FY16 Top 50 Cities Rest of India Q2FY16 Multiplex Single Multiplex Single # of UFO Screens 364 499 459 2,368 *Full House Seating Capa
Slide 15: Advertisement Revenue Analysis
Advertisement Revenue Analysis INR Million Government + PSU Corporate + Retail 707 513 57% 319 344 51% 48% 55% 43% 49% 52% 45% Q2FY15 Q2FY16 H1FY15 H1FY16 * In Cinema Advertisement Q2FY16 Q2FY15 H1FY16 H1FY15 # of Screens with Ad Rights (Closing) 3,690 3,762 3,690 3,762 Ad Revenue / Screen for the p
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) 483 472 Gross Revenue 430 425 Net Revenue 230 227 255 247 Q2FY15 Q2FY16 H1FY15 H1FY16 D – Cinema - VPF Domestic Revenue (INR Million) International Revenue (INR Million) 437 333 405 288 331 280 209 185 199 147 149
Slide 18: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens * Q2FY16 Q2FY15 H1FY16 H1FY15 E – Cinema 3,481 3,573 3,481 3,573 D – Cinema 1,459 1,447 1,459 1,447 Total 4,940 5,020 4,940 5,020 # of Screens as on September 30, 2015 VPF Revenue / Screen (Average**) (in Rs.) Q2FY16 Q2FY15 H1FY16 H1FY15 E – Cinem
Slide 19: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International Number of Screens Q2FY16 Q2FY15 H1FY16 H1FY15 Total 874 822 874 822 # of Screens as on September 30, 2015 VPF Revenue / Screen (Average) (in Rs.) Q2FY16 Q2FY15 H1FY16 H1FY15 D – Cinema Gross 215,072 178,487 389,651 354,107 D – Cinema Net 69,156 60,497
Slide 20: Progress of Caravan Talkies
Progress of Caravan Talkies Caravan Talkies has been operational post monsoon with 75 vans (average) during the month of October Caravan expansion at a glance: Date # of Caravans Presence Across March 31, 2015 24 24 Districts in 3 States June 30, 2015 30 30 Districts in 4 States September 30, 2015 6
Slide 21: Financial Performance
UFO a digital cinema Financial Performance
Slide 22: Consolidated Results
Consolidated Results (INR Million) Q2FY16 Q2FY15 Growth H1FY16 H1FY15 Growth Revenue from Operations 1,482 1,256 18.0% 2,786 2,311 20.5% Other Income 14 16 -12.7% 16 20 -17.0% Total Revenue 1,497 1,272 17.7% 2,802 2,331 20.2% Total Expenses 1,034 858 20.5% 1,934 1,558 24.1% EBITDA 463 414 11.8% 868
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Equity and Liability Assets 30-Sep-15 31-Mar-15 30-Sep-15 31-Mar-15 (INR Million) (INR Million) Shareholder’s Funds Non-Current Assets Equity Share Capital 259 259 Fixed Assets 3,005 3,159 Reserves and Surplus 4,581 4,274 Goodwill on Consolidation 1,715 1,683 Total of Shar
Slide 24: Key Financial Parameters
Key Financial Parameters RoCE (%) RoE (%) 11.88% 10.77% 14.28% 15.21% FY15 H1FY16** FY15 H1FY16** Net Debt* (INR Million) Net Debt / EBITDA (X) 0.32 507 216 0.13 FY15 H1FY16 FY15 H1FY16** *Net Debt = Total Debt less Cash and Cash Equivalents ** Based on Last Twelve Month Period. 23
Slide 25: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q2FY16 Q2FY15 H1FY16 H1FY15 1) Total Operating Direct Cost 46.4% 41.4% 44.9% 40.3% Key Operating Direct Cost Components i) Advertisement revenue share payment 7.5% 8.2% 8.1% 7.9% ii) VPF D-Cinema share payment to D-Cinema Exhibitors
Slide 26: Shareholding
Shareholding Marquee Institutional Investors (% of Total # of Shares) September 30, 2015 SBI Mutual Fund Promoters 28.90% Reliance Capital Asset Management Foreign Venture Capital Investors 20.28% Wellington International Management FII 8.15% Grandeur Peak Global Advisors Amundi Asset Management DII
Slide 27: 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