Slide 1: Cover letter to stock exchanges
21st January, 2022 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, BandraKurla Complex, PJ Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Fort, Mumbai - 400 001 Fax: 022-26598
Slide 2: Investor Update Q3 FY 22
INVESTOR UPDATE Q3 FY 22 January 21st, 2022 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of PVR 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 and ne
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 Updates 5 Screen Portfolio & State Wise Restrictions as on Date 6-7 Consolidated Results Summary 8-11 Financial Results & Analysis 12-21 Content Pipeline 22-40 4
Slide 6: Key Updates
KEY UPDATES The entire circuit had become operational in the Q3 FY 22 with Maharashtra allowing cinemas to commence operations from 22nd October onwards. Content flow from Bollywood film industry commenced post Maharashtra re-opening, resulting in business witnessing robust demand in the months
Slide 7: Screen Portfolio
SCREEN PORTFOLIO Punjab Jammu & Kashmir 10 cinemas | 53 screens 1 Cinema | 2 Screens 179 CINEMAS 182K SEATS Chandigarh Uttarakhand 3 cinemas | 15 screens 1 cinema | 5 screens Uttar Pradesh Haryana 18 cinemas | 83 screens 860 SCREENS 73 CITIES 10 cinemas | 39 screens Jharkhand Delhi 2 cinemas | 7 scr
Slide 8: State Wise Restrictions as on Date (20.1.22)
STATE WISE RESTRICTIONS AS ON DATE (20.1.22) States Conditional Approval Properties Screens Telangana 100% capacity. 11 62 Madhya Pradesh 100% capacity. Fully vaccinated staff. Night curfew from 11pm to 5am. 4 18 Andhra Pradesh 100% capacity. Night curfew from 11pm to 5am. 3 13 Maharashtra 50% capac
Slide 9: Consolidated Result Summary
CONSOLIDATED RESULT SUMMARY
Slide 10: Results Highlights
RESULTS HIGHLIGHTS Results Highlights – Q3, FY 22 vs Q3, FY 21 INR Lacs Total Income EBITDA PAT Q3, FY22 64,229 6,617 (2,189) ------------ 6,339 (10,878) (13,674) Q3, FY21 Results Highlights – 9M, FY 22 vs 9M, FY 21 Total Income EBITDA PAT 9M, FY22 85,519 (13,732) (32,335) ------------ 11,957 (30,58
Slide 11: Consolidated Result Summary – Q3 FY22 vs Q3 FY21
CONSOLIDATED RESULT SUMMARY – Q3, FY 22 VS Q3, FY 21 Q3, FY 22 Q3, FY 21 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 70,971 [1] 6,742 64,229 32,013 25,674 6,339 Expenses 44,924 (12,688) 57,612 12,352 (4,865) 17,217
Slide 12: Consolidated Result Summary – 9M FY22 vs 9M FY21
CONSOLIDATED RESULT SUMMARY – 9M, FY 22 VS 9M, FY 21 9M, FY 22 9M, FY 21 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 1,07,747 [1] 22,228 85,519 48,609 36,652 11,957 Expenses 78,801 (20,450) 99,251 37,674 (4,865) 42
Slide 13: Financial Results & Analysis
Financial Results & Analysis 12
Slide 14: Broad-based Demand Recovery on the Back of New Content
BROADBASED DEMAND RECOVERY ON THE BACK OF NEW CONTENT % Weekly footfalls vis à vis average weekly footfalls for Pre Pandemic period (average of FY’20)* October recovery at 39% November recovery at 58% December recovery at 77% 112% 99% 87% Region (Wk 13) Recovery % 68% East 107% 53% 54% 56% South 106
Slide 15: Q3 FY22: Robust Realizations Resulted in Strong Recovery
Q3 FY 22 : ROBUST REALIZATIONS RESULTED IN STRONG RECOVERY Consolidated Revenue EBITDA EBITDA% 20% -30% 92,389 -14.4% 5.4% 23.7% 10% 18,839 64,229 -65% 29,944 7,092 6,617 22,506 11,778 (1,692) 1,217 Oct-21 Nov-21 Dec-21 Q3, FY 22 Q3, FY 20 (Pre Oct-21 Nov-21 Dec-21 Q3, FY 22 Q3, FY 20 (Pre Pandemic)
Slide 16: Dec-21 Revenue Performance Almost Equal to Pre Pandemic
DEC-21 REVENUE PERFORMANCE ALMOST EQUAL TO PRE PANDEMIC • December 2021 witnessed strong business Dec-19 recovery with Exhibition revenue and Particulars (in Lacs)* Dec-21 Growth % EBITDA margin being very close to Pre (Pre Pandemic) Admits 65.5 87.6 -25% Pandemic levels. Gross ATP (INR) 255 213 20%
Slide 17: PVR Pictures: Q3 FY22 Performance
PVR PICTURES : Q3 FY 22 PERFORMANCE • PVR Pictures distributed 2 of the largest Bollywood movies in Q3 FY 22. • PVR pictures had given an advance to Reliance entertainment for securing distribution rights of both the films. • During the quarter PVR pictures earned income in the form of commission fr
Slide 18: Income Analysis (Consolidated)
INCOME ANALYSIS (CONSOLIDATED) Q3, FY 22 vs Q3, FY 21; 9M, FY 22 vs 9M, FY 21 Particulars Q3, FY 22 Q3, FY 21 % Change Q2, FY 22 % Change 9M, FY 22 9M, FY 21 % Change Operating Numbers Admits (Lacs) 145 10 NM 32 361% 191 10 NM ATP (INR) 239 164 46% 203 18% 229 166 38% SPH (INR) 129 95 35% 128 0.4% 1
Slide 19: Expenditure Analysis (Consolidated)
EXPENDITURE ANALYSIS (CONSOLIDATED) Fixed Expenses (INR Lacs) Q3, FY 22 Q3, FY 21 % Change Q2, FY 22 % Change 9M, FY 22 9M, FY 21 % Change Rent 12,702 4,877 160% 4,734 168% 20,490 4,896 319% CAM 3,271 660 396% 2,680 22% 9,197 6,033 52% Personnel 7,875 4,858 62% 5,597 41% 18,782 15,744 19% Electricit
Slide 20: Update on Rental & CAM Negotiations
UPDATE ON RENTAL & CAM NEGOTIATIONS Rent Rent (INR Lacs) Wave 2 rental negotiations have been concluded for >97% 43,833 -53% properties. Achieved rental discount of ~57% in 9M FY 22 Average Rental discount for Q3 was 21% and during Dec’21 20,490 when cinemas were fully operational it was ~5%. 12
Slide 21: Other Fixed Overheads Also Under Control
OTHER FIXED OVERHEADS ALSO UNDER CONTROL Personnel cost (INR Lacs) & Head Count Personnel 31,733 -41% Personnel cost has increased on account of increase in 18,782 cinema operations in Q3 FY 22. However, it is still 15,744 7,875 significantly below pre pandemic levels. 5,597 4,858 8,054 5,895 11,1
Slide 22: Debt & Liquidity Position
DEBT & LIQUIDITY POSITION Particulars (INR Lacs) December 31, 2021 September 30, 2021 March 31, 2021 Gross Debt 1,53,605 1,59,355 1,35,193 Cash & Cash Equivalents (A) 67,841 67,969 73,231 Net Debt 85,764 91,386 61,962 Unutilized Lines of Credit (B) 6,317 3,374 7,568 Total Liquidity (A+B) 74,158 71,3
Slide 23: Strong Line Up of Movies
STRONG LINE UP OF MOVIES Release calendar is as per the release dates announced as on date and is subject to change. Some movies may get deferred to subsequent months given the current wave of Covid. 22
Slide 24: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST 28-Jan-22 ATTACK ACTION, THRILLER LAKSHYA RAJ ANAND JOHN ABRAHAM, RAKUL PREET SINGH 4-Feb-22 BADHAAI DO DRAMA AMIT SHARMA RAJKUMMAR RAO, BHUMI PEDNEKAR 4-Feb-22 SHABAASH MITHU BIOGRAPHY SRIJIT MUKHERJI TAAPSEE PANNU BIOGRAPHY, CRIME,
Slide 25: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST 29-Apr-22 HERO PANTI 2 ACTION AHMED KHAN TIGER SHROFF TBD APR 2022 MERRY CHRISTMAS DRAMA SRIRAM RAGHAVAN KATRINA KAIF, VIJAY SETHUPATHI TBD APR 2022 DOCTOR G DRAMA ANUBHUTI AYUSHMAN KHURANA ABHIMANYU DASSANI, MRUNAL THAKUR, 13-May-22
Slide 26: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST 7-Oct-22 MR AND MRS MAHI DRAMA SHARAN SHARMA RAJKUMMAR RAO, JANHVI KAPOOR SHEHZADA (ALA 4-Nov-22 VAIKUNTHAPURRAMULOO DRAMA ROHIT DHAWAN KARTIK AARYAN, KRITI SANON, PARESH RAWAL REMAKE) SAGAR AMBRE, SIDHARTH MALHOTRA, DISHA PATANI, RAA
Slide 27: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST TBD 2022 THE LADY KILLER DRAMA AJAY BAHL ARJUN KAPOOR SUNNY DEOL, AMEESHA PATEL , UTKARSH TBD 2022 GADAR 2 DRAMA ANIL SHARMA SHARMA ANIRUDDHA ROY YAMI GAUTAM, PANKAJ KAPOOR, RAHUL TBD 2022 LOST DRAMA CHOWDHURY KHANNA, NEIL BHOOPALAM T
Slide 28: Bollywood Content Pipeline
BOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST TBD 2022 CHUPKE CHUPKE (REMAKE) DRAMA NA RAJKUMMAR RAO THE IMMORTAL TBD 2022 DRAMA ADITYA DHAR VICKY KAUSHAL ASHWATTHAMA TBD 2022 MANEKSHAW DRAMA MEGHNA GULZAR VICKY KAUSHAL TBD 2022 BAAGHI 4 DRAMA AHMED KHAN TIGER SHROFF TBD 2022 RAM
Slide 29: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST ACTION, ADVENTURE , RALPH FIENNES, STANLEY TUCCI, DANIEL BRÜHL, 14-Jan-22 THE KING'S MAN (IMAX) -DBOX MATTHEW VAUGHN WAR, COMEDY MATTHEW GOODE, GEMMA ARTERTON 4-Feb-22 MOONFALL SCI- FI, ACTION ROLAND EMMERICH HALLE BERRY, PATRICK WILS
Slide 30: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST ACTION, ADVENTURE, JARED LETO , MATT SMITH, ADRIA ARJONA, JARRED 1-Apr-22 MORBIUS - DBOX - 4DX IMAX DANIEL ESPINOSA DRAMA HARRIS, AL MADRIGAL 1-Apr-22 THE CONTRACTOR THRILLER, ACTION TARIK SALEH CHRIS PINE, BEN FOSTER, GILLIAN JACOBS
Slide 31: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST DWAYNE JOHNSON, KEVIN HART, KATE 20-May-22 DC LEAGUE OF SUPER PETS ANIMATION, ACTION JARED STERN MCKINNON,JOHN KRASINSKI ANIMATION, 27-May-22 THE BOB'S BURGER MOVIE LOREN BOUCHARD H. JON BENJAMIN, KRISTEN SCHAEL ADVENTURE, COMEDY TOM
Slide 32: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST 22-Jul-22 NOPE HORROR JORDON PEELE DANIEL KALUUYA, KEKE PALMER, STEVEN YEUN DAISY EDGAR JONES, TAYLOR JOHN SMTH, HARRIS 22-Jul-22 WHERE THE CROWDADS SING DRAMA OLIVIA NEWMAN DICKINSON DWAYNE JOHNSON, NOAH CENTINEO, ALDIS 29-Jul-22 BLA
Slide 33: Hollywood Content Pipeline
HOLLYWOOD CONTENT PIPELINE RELEASE DATE MOVIE GENRE DIRECTOR CAST 28-Oct-22 DARK HARVEST HORROR DAVID SLADE CASEY LIKES, E'MYRI CRUTCH FIELD, JEREMY DAVIS 04-Nov-22 THE FLASH - IMAX ACTION, ADVENTURE ANDY MUSCHIETTI BEN AFFLECK, MICHAEL KEATON, EZRA MILLER BLACK PANTHER - WAKANDA ACTION, ADVENTURE,
Slide 34: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST SATHYAM MATHRAME 14-Jan-22 MALAYALAM DRAMA SAGAR HARI DHYAN SREENIVASAN BODHIPIKKOO 14-Jan-22 MEPPADIYAN MALAYALAM DRAMA VISHNU MOHAN UNNI MUKUNDAN SPRUHA JOSHI, MOHAN JOSHI, 14-Jan-22 COFFEE MARATHI DRAMA, ROMANCE NITIN KAMBL
Slide 35: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST 15-Jan-22 HERO TELUGU ACTION, ROMANCE SRIRAM ADITYA ASHOK GALLA, NIDDHI AGERWAL SUBHASHREE, SOHAM, RITWICK CHAKRABORTY, PARNO MITRA, 21-Jan-22 DHARMOJUDDHO BENGALI DRAMA RAJ CHAKRABORTY SWATILEKHA SENGUPTA , RUDRAPRASAD SENGUP
Slide 36: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST 26-Jan-22 THE COLOR OF TOMATO KANNADA ACTION, THRILLER THAYI LOKESH PRATHAP NARAYAN, UMA YG 26-Jan-22 NATA BHAYANKARA KANNADA COMEDY, ROMANCE PRATHAM PRATHAM, SUSHMITA JOSHI SIDDHARTH RANDERIA, SUPRIYA PATHAK, BHAVYA GANDHI, S
Slide 37: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST CHIRANJEEVI, RAM CHARAN, 4-Feb-22 ACHARYA TELUGU ACTION KORATALA SIVA SONUSOO 7-Feb-22 RAVI BOPANNA KANNADA ACTION, DRAMA RAVICHANDRAN RAVICHANDRAN, SUDEEP 10-Feb-22 AARATTU MALAYALAM ACTION B UNIKRISHNAN MOHAN LAL, SHARDA SRI
Slide 38: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST 11-Feb-22 THIRUCHITRAMBALAM TAMIL DRAMA MITHRAN R JAWAHAR DHANUSH , RAASHI KHANNA 11-Feb-22 KHILADI TELUGU DRAMA RAMESH VARMA RAVI TEJA , MEENAKSHI CHOWDHRY 11-Feb-22 MAJOR TELUGU, HINDI DRAMA SASHI KIRAN ADIVI SESH,SHOBITA, S
Slide 39: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST SHREYAS MANJU, PRIYA PRAKASH 24-Feb-22 VISHNU PRIYA KANNADA ACTION, ROMANCE VK PRAKASH WARRIOR KICHCHA SUDEEPA, NIRUP 24-Feb-22 VIKRANT RONA - 3D KANNADA DRAMA, THRILLER ANUP BHANDARI BHANDARI, JACQUELINE FERNANDEZ,NEETHA ASHO
Slide 40: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST JATTAN DA MUNDA GAUN 18-Mar-22 PUNJABI DRAMA AMBERDEEP SINGH SIDHU MOOSEWALA LAGYA 18-Mar-22 GHANI TELUGU ACTION, THRILLER KIRAN KORRAPATI VARUN TEJ, UPENDRA SAMYUKTHA HORNAD, NIRANJAN 19-Mar-22 OMELETTE KANNADA COMEDY, DRAMA
Slide 41: Regional Content Pipeline
REGIONAL CONTENT PIPELINE RELEASE DATE MOVIE LANGUAGE GENRE DIRECTOR CAST ACTION, DRAMA, RAVI TEJA, DIVYANSHA KOUSHIK, 25-Mar-22 RAMARAO ON DUTY TELUGU SARATH MANDAVA THRILLER RAJISHA VIJAYAN 26-Mar-22 DAALI KANNADA ACTION, ROMANCE PRABHU SRINIVAS DHANANJAY, RACHITA RAM PHANEESH 28-Mar-22 AADISIDAAT
Slide 42: Investor relations contact
For any queries please contact investor relations team: Email ID: investorrelations@pvrcinemas.com