Imax China Holding Inc · HKEX:1970
Imax China — Investor Presentation (August 2018)
18 slides from Imax China's investor presentation, August 2018
Slide 1: Investor Presentation August 2018
Investor Presentation August 2018
Slide 2: Disclaimer
Disclaimer This document is not intended to form the basis of any investment decision in connection with IMAX China Holding, Inc. (the "Company", together with its subsidiaries, hereinafter referred to as the "Group"). It does not constitute an offer or invitation to sell, or any solicitation of any
Slide 3: Leading Cinematic Technology Provider in Greater China
Leading Cinematic Technology Provider in Greater China Exclusive licensee of the IMAX brand in the theatre and films business in Greater China with access to global partnerships Sole commercial platform for the release of IMAX format films in Greater China, which is the second largest and fastest gr
Slide 4: Integral Part of the Greater China Film Industry History
Integral Part of the Greater China Film Industry History Investor Presentation IMAX® is a registered trademark of IMAX Corporation. 4
Slide 5: Long-Term Partnerships Across the Global Entertainment Ecosystem
Long-Term Partnerships Across the Global Entertainment Ecosystem Investor Presentation IMAX® is a registered trademark of IMAX Corporation. 5
Slide 6: Strong and Diversified 2018 Slate Foreign Language Titles
Strong and Diversified 2018 Slate 13 Foreign Language Titles Investor Presentation IMAX® is a registered trademark of IMAX Corporation. 6
Slide 7: Strong and Diversified 2018 Slate Local Language Titles
Strong and Diversified 2018 Slate 5 Local Language Titles Investor Presentation IMAX® is a registered trademark of IMAX Corporation. 7
Slide 8: Top 10 IMAX GBO Titles
Top 10 IMAX GBO Titles 1. 2. 3. 4. 5. AVENGERS: OPERATION READY JURASSIC WORLD: RAMPAGE INFINITY WAR RED SEA PLAYER ONE FALLEN KINGDOM 6. 7. 8. 9. 10. DETECTIVE BLACK PACIFICRIM: Star Wars: MONSTER HUNT 2 CHINATOWN II PANTHER UPRISING THE LAST JEDI Investor Presentation IMAX® is a registered tradema
Slide 9: Refined Programing Strategy Boosts Box Office
Refined Programing Strategy Boosts Box Office Data in US$M 60 51 $350 $312 50 46 $300 $296 $291 41 15 40 10 $250 8 $203 $200 $190 30 $167 21 23 $150 23 27 29 20 2 6 $100 10 17 12 $50 10 9 7 2 5 0 $- 2015 2016 2017 1H2017 1H2018 2014 2015 2016 2017 1H2017 1H2018 Local Language-Chinese and Non Chinese
Slide 10: Strong China Network Expansion
Strong China Network Expansion Theatre Network Current Network Mix 569 15% 544 39% 600 82 46% 80 424 500 318 400 66 307 260 275 Tier 1 Tier 2 Tier 3 and lower • The IMAX China Network is operational or 46 300 195 109 contracted in 191 cities across Mainland China, we have a total network of 569 in G
Slide 11: Robust Theatre Backlog and Continued Signings Momentum
Robust Theatre Backlog and Continued Signings Momentum Signings Backlog Installation 238 400 140 334 0 318 117 120 350 309 120 0 300 100 0 250 141 199 134 139 75 64 65 80 200 200 95 63 60 29 74 0 150 102 109 14 40 20 100 95 76 40 21 25 0 45 34 1 20 33 41 15 55 50 37 21 57 59 73 70 25 29 2 0 8 5 0 0
Slide 12: The Value of Network Growth
The Value of Network Growth Effect of Box Office on our ROI are vastly different under Sales, Hybrid and Full JV’s Sales Type Hybrid Full JV Upfront Revenue 1,100 550 0 Year 1 Cost of Sales 450 510 60 IMAX CAPEX 0 0 450 Exhibitor Take 0 10% 15% Studio Take 10% 10% 12% Given exhibitors cover all of t
Slide 13: Screen Contribution and Returns over Contract Term
Screen Contribution and Returns over Contract Term 1 Full JV Rate: 15% ~ 17% Hybrid JV Rate: 10% ~ 12% DMR Rate: Hollywood~9.5% local language~12.5% Full JV Capex: $450K (+$60K Marketing) Full JV Depreciation Term: 10 ~ 12 years Maintenance Rev: $35K @ 35% Margin 1) Annual Contribution = Net Income
Slide 14: Growth in Revenue and Margin in 1H2018
Growth in Revenue and Margin in 1H2018 Data in US$M $250 100% Gross Revenue and Margin 90% Adjusted EBITDA and Margins $200 80% $100 70% 65% 70% $90 59% 60% 59% 61% $80 53% $150 60% 47% 50% $70 50% $60 64% 40% $100 72% 40% $50 63% 59% 30% $40 30% $126 $65 $67 $111 $119 $56 $30 20% $50 20% $20 $30 $3
Slide 15: Growth of Profit and Margin in 1H2018
Growth of Profit and Margin in 1H2018 Data in US$M Adjusted Profit SG&A ex SBC $60 45% 19% $30 20% 39% 40% $50 36% 18% 32% 35% $25 16% $40 30% $20 13% 14% 41% 25% 12% $30 10% $15 10% 34% 20% $43 $46 14% 8% $20 $38 15% $10 $21 13% 6% 10% $15 $10 $21 $5 $12 4% $18 5% $7 $7 2% $- 0% $- 0% 2015 2016 201
Slide 16: Revenue Breakdown and Margin
Revenue Breakdown and Margin Data in US$M Network Business Theatre Business 75% $80 78% $70 64% 68% 65% 110 66% 56% 72% $54 $60 58% 55% 56% $48 $46 62% 90 $50 48% $78 44% $69 15 73% 46% $40 $26 38% 70 $21 $19 $57 12 7 64% 36% $30 $26 $27 28% 50 9 10 11 26% $11 $12 $26 $24 $20 18% 56 30 $28 $27 $27 4
Slide 17: Section Name
PRESENTATION NAME SECTION NAME 17
Slide 18: Slide 18
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