Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q3 FY23 Earnings Presentation
23 slides from Ufo Moviez India's earnings presentation, Feb 6, 2023
Slide 1: Q3&9MFY23 Results Presentation
Q3&9MFY23 Results Presentation February 06, 2023
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 3,410 1,160 High Impact Cities & Towns Ad Screens Across India 1,571 Power to Impact Movies upto 1.8 billion Digitally Viewers Delivered Annually in 9MFY23 3
Slide 4: UFO's Core Offerings
UFO’s Core Offerings Cinema Value Chain UFO’s Offering Advantage Revenue Stream Content Digitization Producer Digitization Fee Satellite or Content Delivery Physical Cost & Time Distributor Charges & VPF Delivery of Arbitrage Service Revenue Content Fixed Rental / Cinema Sale of Exhibitor Equipment
Slide 5: Financial & Operating Highlights
Financial & Operating Highlights
Slide 6: Consolidated Financial Highlights (1/2)
Consolidated Financial Highlights (1/2) Due to the severe impact of the COVID-19 pandemic in FY21 & FY22, year-on-year comparison will not be a correct representation. Hence, all the numbers in this presentation have been compared against Q3 & 9MFY20. Q3FY23 vs Q3FY20 (INR Mn) Total Revenue EBITDA 1
Slide 7: Consolidated Financial Highlights (2/2)
Consolidated Financial Highlights (2/2) 9MFY23 vs 9MFY20 (INR Mn) Total Revenue EBITDA 3,946 3,093 919 -21.6% -72.5% 253 9MFY20 9MFY23 9MFY20 9MFY23* PBT PAT 428 320 -132.2% -137.6% -138 -120 9MFY20 9MFY23 9MFY20 9MFY23 *9MFY23 EBITDA is before considering provision of Rs.29mn towards provisioning f
Slide 8: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q3FY23 Q3FY20 195 17% 427 30% 537 561 38% 1,106 1,417 51% 350 32% 454 32% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q3FY23 Q3FY20 % Change Advertisement Revenue (i) 195 427 -54.3% - In-Cinema Advertisement Revenue 186 419 -55.6% - Corporat
Slide 9: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) 9MFY23 9MFY20 507 17% 1,245 32% 1,445 1,361 37% 3,081 44% 3,928 1,213 39% 1,238 31% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) 9MFY23 9MFY20 % Change Advertisement Revenue (i) 507 1,245 -59% - In-Cinema Advertisement Revenue 493 1,180 -58%
Slide 10: In-Cinema Advertising Performance
In-Cinema Advertising Performance
Slide 11: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Prime Screens Popular Screens Capacity - Annualized 3,410* 2,054 1,356 ~1.8 Bn Metro and Tier I Other Cities and Towns 9MFY23 Prime Popular Prime Popular # of UFO Screens 881 233 1,173 1,123 Cities and Towns 103 87 434
Slide 12: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Mn Government + PSU 1,180 Corporate + Hyperlocal 67% 493 419 69% 80% 186 33% 76% 31% 24% 20% Q3FY20 Q3FY23 9MFY20 9MFY23 Q3FY20 Q3FY23 9MFY20 9MFY23 Ad Revenue / Screen for the period (Avg) 114,909 54,020 321,515 143,197 (Rs.) Average # of minutes sold /
Slide 13: Theatrical Revenues
Theatrical Revenues
Slide 14: Theatrical revenues from Distributors
Theatrical revenues from Distributors Content Delivery Charges Revenue (INR Mn) Revenue (INR Mn) 952 694 354 229 Q3FY20 Q3FY23 9MFY20 9MFY23 VPF Service Revenue Revenue (INR Mn) Revenue (INR Mn) 196 112 53 59 34 39 12 17 Q3FY20 Q3FY23 9MFY20 9MFY23 Gross Revenue Net Revenue Gross Revenue Net Revenue
Slide 15: Operating Parameter – Distributor Revenue
Operating Parameter – Distributor Revenue # of Screens** Q3FY23 Q3FY20 9MFY23 9MFY20 CDC Category Screens 3,043 3,555 3,043 3,555 VPF Category Screens 356* 1,626 356 1,626 Total 3,399 5,182 3,399 5,182 # of Screens as on December 31, 2022 Revenue / Screen (Average) (in Rs.) Q3FY23 Q3FY20 9MFY23 9MFY
Slide 16: Financial Performance
Financial Performance
Slide 17: Consolidated Reported P&L Statement
Consolidated Reported P&L Statement (INR Mn) Q3FY23 Q3FY20 % Change 9MFY23 9MFY20 % Change Revenue from Operations 1,106 1,417 -22.0% 3,081 3,928 -21.6% Other Income 4 9 -60.3% 13 18 -28.2% Total Revenue 1,109 1,426 -22.2% 3,093 3,946 -21.6% Total Expenses 1,008 1,067 -5.3% 2,869 3,027 -5.2% EBITDA
Slide 18: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q3FY23 Q3FY20 9MFY23 9MFY20 1) Total Operating Direct Cost 49.8% 40.6% 49.0% 41.6% Key Operating Direct Cost Components i) Advertisement revenue share payment 10.5% 10.8% 10.3% 11.6% ii) VPF service revenue share 3.3% 1.6% 4.4% 1.8%
Slide 19: Annexure
Annexure
Slide 20: Historical Advertisement Performance
Historical Advertisement Performance Advertisement Revenues (INR Mn) 2,372 2,136 1,790 1,578 1,547 1,167 Severely Impacted due to the COVID-19 pandemic. 151 25 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 20
Slide 21: Historical In-Cinema Advertising Performance
Historical In-Cinema Advertising Performance Government + PSU Corporate + Hyperlocal INR Mn 2,131 2,047 1,770 1,538 43% 47% 1,481 44% 1,164 47% 66% 46% 57% 53% 56% 53% 54% 34% FY15 FY16 FY17 FY18 FY19 FY20 # of Screens with Ad Rights 3,784 3,713 3,745 3,897 3,697 3,792 Annual Ad Revenue / Screen (Av
Slide 22: Shareholding
Shareholding December (% of Total # of shares) 31, 2022 Promoters 22.76% Institutional Investors 24.68% Foreign Portfolio Investors 1.31% Corporate Bodies 3.50% Others 47.75% Total # of Shares 38,089,397 22
Slide 23: About UFO Moviez India Limited
About UFO Moviez India Limited UFO is the first one, to enable cinema digitization with satellite technology in India. That also makes UFO the largest in- cinema advertising platform, with the power to impact almost 1.8 billion viewers annually through 3,410 screens comprising of 2,054 screens in th