Ufo Moviez India Ltd. · NSE:UFO
Ufo Moviez India — Q4 FY2019 Earnings Presentation
26 slides from Ufo Moviez India's earnings presentation, May 21, 2019
Slide 1: Q4 & FY19 Results Presentation
Q4 & FY19 Results Presentation May 21, 2019
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 In-Cinema Advertising Platform 1,266 Multiplex & Leading Presence Across All Screen 2,431 Single Screens Categories 3,697 High Impact Ad Screens Wide Base of Advertisers Average weekly seating capacity ~42 million 2,001 Advertisers in FY19 Pan India Presence 1,
Slide 4: Financial and Operating Highlights for Q4&FY19
Financial and Operating Highlights for Q4&FY19 3
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights Q4FY19 YoY Comparison Total Revenue (INR Mn) EBITDA (INR Mn) & Margin (%) PBT (INR Mn) & Margin (%) PAT* (INR Mn) & Margin (%) 35.6% 33.8% 25.3% 17.3% 1,939 24.7% 1,620 16.0% 656 480 335 576 410 259 17.0% 29.7% 19.7% 13.8% Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q
Slide 6: Consolidated Revenue Mix
Consolidated Revenue Mix (INR Mn) Q4FY19 Q4FY18 FY19 FY18 377 24% 1,716 626 2,372 1,954 2,136 29% 805 33% 777 39% 32% 36% 42% 1,610 1,910 48% 6,119 5,940 456 479 28% 1,793 2,088 25% 29% 35% Advertisement Revenue Distributor Revenue Exhibitor Revenue (INR Mn) Q4FY19 Q4FY18 Growth FY19 FY18 Growth Adv
Slide 7: In-Cinema Advertising Performance
In-Cinema Advertising Performance 6
Slide 8: In-Cinema Advertisement Operating Parameter
In-Cinema Advertisement Operating Parameter Full House Seating Number of Screens Multiplex Screens Single Screens Capacity - Annualized 3,697 1,266 2,431 2,159 Mn Top 50 Cities Rest of India FY19 Multiplex Single Multiplex Single # of UFO Screens 467 497 799 1,934 Full House Seating Capacity – Per S
Slide 9: In-Cinema Advertisement Revenue Analysis
In-Cinema Advertisement Revenue Analysis INR Million Government + PSU Corporate + Hyperlocal 2,131 2,047 43% 47% 760 717 29% 34% 57% 53% 71% 66% Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 Ad Revenue / Screen for the period (Avg) (Rs.) 193,787 192,781 535,847 561,102 Average # of minutes sold /
Slide 10: Repositioned and Retooled Caravan Talkies for Growth
Repositioned and Retooled Caravan Talkies for Growth 360 Degree Activation Customer Research Brand Experience Solution Movie Screening Brand Activation Driving Footfalls Improved Realizations and Utilization VDSPL’s Financial Performance • Revenue growth driven by higher realization and increased va
Slide 11: Theatrical Revenues
Theatrical Revenues UFO digital cinema
Slide 12: Theatrical revenues from Distributors
Theatrical revenues from Distributors E – Cinema - VPF Domestic Revenue (INR Mn) Gross Revenue 1,055 1,032 1,057 1,032 Net Revenue 247 241 262 255 Q4FY18 Q4FY19 FY18 FY19 D – Cinema - VPF Domestic Revenue (INR Mn) International Revenue (INR Mn) 703 271 442 172 390 340 84 142 130 115 52 67 84 18 10 1
Slide 13: Operating Parameter – VPF Revenue India
Operating Parameter – VPF Revenue India # of Screens* Q4FY19 Q4FY18 FY19 FY18 E – Cinema 3,543 3,706 3,543 3,706 D – Cinema 1,772 1,616 1,772 1,616 Total 5,315 5,322 5,315 5,322 # of Screens as on March 31, 2019 VPF Revenue / Screen (Average**) (in Rs.) Q4FY19 Q4FY18 FY19 FY18 E – Cinema Gross 73,52
Slide 14: Operating Parameter – VPF Revenue International
Operating Parameter – VPF Revenue International # of Screens Q4FY19 Q4FY18 FY19 FY18 Total* 150 416 150 416 # of Screens as on March 31, 2019 VPF Revenue / Screen (Average**) (in Rs.) Q4FY19 Q4FY18 FY19 FY18 D – Cinema Gross 76,849 125,922 608,662 438,222 D – Cinema Net 43,892 29,583 238,187 135,234
Slide 15: Financial Performance
UFO digital cinema Financial Performance
Slide 16: Consolidated P&L Statement
Consolidated P&L Statement (INR Mn) Q4FY19 Q4FY18 Growth FY19 FY18 Growth Revenue from Operations 1,910 1,610 18.6% 6,119 5,940 3.0% Other Income 29 10 189.7% 50 30 70.4% Total Revenue 1,939 1,620 19.7% 6,169 5,970 3.3% Total Expenses 1,283 1,044 23.0% 4,486 4,241 5.8% EBITDA 656 576 13.8% 1,683 1,7
Slide 17: Consolidated Expenditure Analysis
Consolidated Expenditure Analysis Expenses as a % of Total Revenue Q4FY19 Q4FY18 FY19 FY18 1) Total Operating Direct Cost 38.0% 32.8% 41.1% 41.1% Key Operating Direct Cost Components i) Advertisement revenue share payment 9.3% 10.4% 11.2% 10.9% ii) VPF D-Cinema share payment to D-Cinema Exhibitors 1
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Assets Equity and Liability 31-Mar-19 31-Mar-18 31-Mar-19 31-Mar-18 (INR Mn) (INR Mn) Equity Non-Current Assets Equity Share Capital 284 284 Property, plant and equipment 2,046 2,359 Other Equity Capital work-in-progress 87 212 Reserves and surplus 4,593 4,410 Other Intang
Slide 19: Annexure
Annexure UFO digital cinema
Slide 20: In Cinema Advertisement Network
In Cinema Advertisement Network Share of Multiplex Screens Total Screens: 3,697 FY 19 1,266 2,431 34% Total Screens: 3,897 FY 18 1,194 2,703 31% Stable Total Screens: 3,745 Advertisement FY 17 1,027 2,718 27% Screen Network, with an increasing Total Screens: 3,713 proportion of FY 16 857 2,856 23% M
Slide 21: Robust Advertisement Performance
Robust Advertisement Performance Advertisement Revenues (INR Mn) 2,372 2,136 1,790 1,578 1,167 999 FY14 FY15 FY16 FY17 FY18 FY19 20
Slide 22: Sustained Growth in In-Cinema Advertising
Sustained Growth in In-Cinema Advertising INR Mn Government + PSU Corporate + Hyperlocal 2,047 2,131 1,770 FY14 – FY19 1,538 43% 47% Revenue CAGR 16% 1,164 44% 999 47% 46% 41% 56% 57% 53% 53% 59% 54% FY14 FY15 FY16 FY17 FY18 FY19 # of Screens with Ad Rights 3,592 3,784 3,713 3,745 3,897 3,697 Annual
Slide 23: Demonstrated Levers for Shareholder Value Creation
Demonstrated Levers for Shareholder Value Creation RoCE (%) 17.63% 19.24% 17.01% Low Capital Intensity 16.74% 12.66% 14.34% Initial high capital intensity over; generating higher revenues with lower incremental Capex. FY14 FY15 FY16 FY17* FY18* FY19* Improving Capital Efficiency Capex Digital Cinema
Slide 24: Key Financial Parameters
Key Financial Parameters Net Fixed Asset Turnover (x) RoE (%) 14.93% 2.98 13.09% 13.39% 13.64% 12.83% 2.50 11.49% 2.30 1.96 1.56 1.23 FY14 FY15 FY16 FY17* FY18* FY19* FY14 FY15 FY16 FY17* FY18* FY19* Net Debt** (INR Mn) Net Cash Flow from Operating Activities (INR Mn) 1,108 507 1,588 24 1,215 1,138
Slide 25: Shareholding
Shareholding Marquee Institutional Investors* (% of Total # of shares) March 31, 2019 SBI Mutual Fund Promoters 30.09% Foreign Venture Capital Investors 18.52% Reliance Capital Asset Management Foreign Portfolio Investors 3.79% DSP Blackrock Mutual Funds 20.12% Corporate Bodies 3.71% Equinox Partner
Slide 26: 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