inox leisure limited meet/132706_20141020.pdf · new property openings –h1 fy15 gurgaon dreamz...
TRANSCRIPT
INOX Leisure Limi tedEarnings Presentat ion Q2 & H1 FY15
O c t o b e r 2 0 1 4
Snapshot Of Financials
(IN R Lakhs) FY11 FY12 FY13 FY14 Q2 FY14 Q1FY15 *Q2 FY15 H1 FY14 *H1 FY15
Gross Box Office 27,614 47,190 55,876 59,656 16,750 15,656 17,996 32,967 33,652
Total Revenues 37,597 65,293 76,891 87,778 23,735 23,321 26,667 46,759 49,987
EBITDA 3,647 8,095 10,163 13,091 4,088 3,019 3,732 8,009 6,752
EBITDA Margin (%) 9.70% 12.40% 13.22% 14.91% 17.22% 12.95% 14.00% 17.13% 13.51%
PAT 500 435 1,845 3,694 1,471 458 523 2,893 981
PAT Margin (%) 1.33% 0.67% 2.40% 4.21% 6.20% 1.96% 1.96% 6.19% 1.96%
2*Iincludes Satyam Ciineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
New Property Openings – H1 FY15
Gurgaon Dreamz Mall, 24th Jun 2014
3 Screens, 646 Seats
Vizag Chitralayaa Mall, 4th Jul 2014
3 Screens, 635 Seats
Jalgaon Khandesh Central, 27th Jul 2014
4 Screens, 1141 Seats
Faridabad EF3, 1st Sep 2014
3 Screens, 702 Seats
3
Gurgaon Dreamz Mall, 24th Jun 2014
3 Screens, 646 Seats
Vizag Chitralayaa Mall, 4th Jul 2014
3 Screens, 635 Seats
17 S t a t e s
5 0 C i t i e s
9 2 M u l t i p l e x e s
3 61 S c r e e n s
9 6 , 0 5 8 S e a t s
One of the Largest Multiplex Chains in India
UTTAR PRADESH 3 Properties | 13 Screens
TAMIL NADU3 Properties | 14 Screens
JHARKHAND 1 Property | 4 Screens
WEST BENGAL 14 Properties | 55 Screens
ORISSA 1 Property | 3 ScreensCHHATTISGARH
2 Properties | 8 Screens
TELANGANA2 Properties | 11 Screens
ANDHRA PRADESH 6 Properties | 23 Screens
KARNATAKA 10 Properties | 38 Screens
GOA 1 Property | 4 Screens
MAHARASHTRA 21 Properties | 85 Screens
GUJARAT 6 Properties | 25 Screens
MADHYA PRADESH 4 Properties | 16 Screens
RAJASTHAN 8 Properties | 25 Screens
HARYANA 6 Properties | 19 Screens
DELHI3 Properties | 12 Screens
PUNJAB1 Properties | 6 Screens
Includes Satyam Cineplexes Ltd.4
Pan India Presence
Well distributed mix of properties
Includes Satyam Cineplexes Ltd.5
9
17
1014
East West South North
5 0 C i t i e s
18
3221 21
East West South North
9 2 L o c a t i o n s
70
13086 75
East West South North
3 61 S c r e e n s
18,6
31
37,2
52
20,9
64
19,21
1
East West South North
9 6 , 0 5 8 S e a t s
Footfalls
Occupancy rates FootfallsFootfalls With Management Locations
*Q2FY15: 116 Lakhs*H1FY15: 218 Lakhs
Footfalls of Comparable PropertiesOccupancy of Comparable Properties
Note: All the above charts Excludes Managed properties
23% 25%28% 28%
33%
26% 26%32%
26%
33%27%
32%27%
Q2FY14 Q2FY15 H1FY14 H1FY146
(Lakhs)
106 93
213183
Q2FY14 Q2FY15 H1FY14 H1FY15
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
(Lakhs)
258307
353 386
108 99 112
215 210
* ***
Robust Ticket Prices (ATP)
ATP Trend
• Inox brand enjoys a premium positioning amongst urban consumers
• Prime locations provide strong pricing power
• Increasing contribution of 3D movies – 3D tickets are priced at a premium of 15-20 % over 2D tickets
Note: Excludes Managed properties
ATP of Comparable Properties
152
156
160
156 156159
162
155
161157
160
155
159
Q2FY14 Q2FY15 H1FY14 H1FY15
7
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
**
Highly Profitable F&B Service
SPH Growth – overall F&B Cost (% of F&B revenues)
8
32% 31% 30%26% 27%
24% 23%27%
23%41 44 47 49 4856 53
4854
12% SPHGrowth
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
*** *
Enhanced Focus on Other Operating Income
Other operating revenues per operating screen
(INR Lakhs)
9
7.9 12.7 12.6
17.1
4.1 5.1 5.2 7.0 9.6
7.7
13.0 12.6
20.8
5.1 4.7 5.1
10.4 9.1
FY11 FY12 FY13 FY14 Q2FY14 Q1FY15 Q2FY15 H1FY14 H1FY15
Ad Revenue Other Operating Revenue
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
**
By Leveraging Brand Partnerships
10
E-Tax Trend
E-Tax as a % of Gross Box Office Collection
E-Tax No. of prop Screens Seats Average Residual Period
Full Tax 73 289 76,796
Exempted 13 52 13,593 2 years
11
Includes Satyam Cineplexes Ltd.
17.8% 17.6% 18.3% 17.8% 17.7% 18.2% 17.8% 17.8% 18.0%
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
**
Film Distributor Share Payout Trend
12
43.3% 43.7% 44.3% 44.3% 44.1% 44.0% 43.9% 44.0% 44.0%
35.6% 36.0% 36.2% 36.4% 36.3% 36.0% 36.1% 36.2% 36.0%
FY11 FY12 FY13 FY14 Q2FY14 Q1FY15 Q2FY15 H1FY14 H1FY15
Distributor Share on NBOC Distributor Share on GBOC
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
NBOC – Net Box Office CollectionsGBOC – Gross Box Office Collections
**
Overheads Analysis (Expenses as a % of Total Revenues)
13
7%6% 6% 6%
5%6% 6%
5%6%
14%
12% 12% 12%11%
12% 12%11%
12%12%11% 11%
12%11%
14%13%
11%
14%
12%13%
12% 12%11%
12% 12%11%
12%
FY11 FY12 FY13 FY14 Q2FY14 Q1FY15 Q2FY15 H1FY14 H1FY15
Employee Benefits Expense Property Rent and Conducting Fees CAM, Power&Fuel and R&M Other Overheads
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 2014
* *
Financial Summary
Profit and Loss Statement
I NR Lakhs FY11 FY12 FY13 FY14 Q2FY14 Q1FY15 *Q2FY15 H1FY14 *H1FY15Gross Box Office 27,614 47,190 55,876 59,656 16,750 15,656 17,996 32,967 33,652 F&B Revenues 6,020 11,391 14,176 16,233 4,470 4,721 5,077 8,979 9,798 Ad Revenues 1,724 2,917 3,244 4,955 1,104 1,496 1,781 1,884 3,278 Other Revenues 2,239 3,795 3,595 6,934 1,412 1,448 1,812 2,928 3,260 Total Revenues 37,597 65,293 76,891 87,778 23,735 23,321 26,667 46,759 49,987 Entertainment Tax 4,923 8,304 10,204 10,607 2,970 2,857 3,200 5,865 6,057 Distributor Share 10,294 18,032 20,994 22,349 6,220 5,840 6,781 12,265 12,621 F&B Cost 1,951 3,487 4,259 4,664 1,329 1,225 1,337 2,680 2,562 Payroll Cost 2,609 3,945 4,269 4,957 1,171 1,369 1,614 2,334 2,983 Other Expenses 14,173 23,431 27,001 32,110 7,957 9,010 10,002 15,605 19,012 Total Expenses 33,950 57,198 66,728 74,687 19,647 20,301 22,935 38,749 43,236 EBITDA 3,647 8,095 10,163 13,091 4,088 3,019 3,732 8,009 6,752 EBITDA Margin (%) 9.70% 12.40% 13.22% 14.91% 17.22% 12.95% 14.00% 17.13% 13.51%*Depreciation 2,295 3,747 4,308 5,069 1,284 1,809 1,921 2,492 3,730 Interest 1,619 2,426 2,670 2,763 744 645 1,140 1,481 1,785 Exceptional Items (561) 1,798 250 39 - 50 - - 50 Tax (13) 263 1,091 1,526 590 58 149 1,142 206 Minority share in loss 193 574 - - - -PAT 500 435 1,845 3,694 1,471 458 523 2,893 981
*Includes Satyam Cineplexes Ltd. data from 8th Aug 2014 to 30th Sep 201414
Strong Project Pipeline
15
FY15
*Management Property
Sl No. City No. of Screens Est. Launch1 Vizag 2 Q3FY152 Jamnagar 5 Q3FY153 Bhilwara 3 Q3FY154 Lucknow 4 Q3FY155 Delhi 1 Q3FY156 Kurnool 3 Q3FY157 Ajmer 3 Q3FY158 Goa 4 Q4FY159 Pune 2 Q4FY1510 Pune 6 Q4FY1511 *Bhiwadi 3 Q4FY1512 Jaipur 4 Q4FY1513 Rajkot 3 Q4FY1514 Vadodara 3 Q4FY15
Total Screens 46
Total Screens Post FY15 136 Post FY15Post FY15
Strong Content Pipeline – Oct 2014
16
Cast: Shah Rukh Khan, Abhishek Bachchan, Boman Irani, Sonu Sood, Deepika Padukone, Jackie Shroff, Vivaan ShahDirector: Farah KhanBanner: Red Chillies Entertainment
Cast: Ben Affleck, Rosamund Pike Director: David FincherBanner: Fox Star Studios
Cast: Brad Pitt, Shia LaBeouf, Logan LermanDirector: David AyerBanner: Le Grisbi Productions,QED International,LStar Capital,Crave Films
Cast: Rekha, Sharman Joshi, RandhirKapoor, Anupam KherDirector: Indra KumarBanner: Maruti International
Strong Content Pipeline – Nov 2014
17
Cast: Akshay Kumar, Paresh Raval, Anupam Kher, Annu KapoorDirector: Abhishek SharmaBanner: Cape Of Good Films
Cast: Randeep Hooda, Nandana Sen, Paresh Raval, Ashish Vidhyarthi, SachinKhedekar, Darshan JhariwalaDirector: Ketan MehtaBanner: Maya Movies, Infinity Films
Cast: Ranveer Singh, Ali Zafar, Pareeneeti Chopra, GovindaDirector: Shaad Ali SahgalBanner: Yashraj Films
Cast: Saif Ali Khan, Illiana D Cruz, Govinda, Priety Zinta, Ranvir Shorey, KalkiDirector: Krishna Dk/Raj NidimoruBanner: Illuminati Films, Eros International
Strong Content Pipeline – Nov 2014
18
Cast: Matthew Mcconaughey, Jessica Chastain, Anne Hathway, Michael CaineDirector: Christopher NolanBannger: Warner Bros
Cast: Jennifer Lawrence, JoshPvr Pictures Ltd Hutcherson, Liam HemsworthDirector: Francis LawrenceBanner: Color Force Lionsgate
Cast: Sanjay Dutt, Emran Hashmi, Kangana Ranaut,Neha DhupiaDirector: Rensil D SilvaBanner: Dharma Productions
Strong Content Pipeline – Dec 2014
19
Cast: Ajay Devgan, Sonakshi Sinha, YamiGautam, Kunal Roy KapoorDirector: ChristPrabhu DevaBanner: Baba Arts Limited Production
Cast: Makrand Deshpandey, Sanjay Mishra, Zarina WahabDirector: Amit KhanBanner: Bulls Entertainment
Cast: Luke Evans, Orlando Bloom, Ian Mac Kallen, Cate BalnchettDirector: Peter JacksonBanner: Warner Bros
Cast: Aamir Kahn, Anushka Sharma , Sushant Singh RajputDirector: Rajkumar HiraniBanner: Vinod Chopra Productions
Cast: Christian Bale, Sigourney Weaver, Aaron PaulDirector: Ridley ScottBanner: Fox Star Studios
THANK YOU
INOX Leisure Limited
ABS Towers, Old Padra Road,
Vadodara, Gujarat – 390 007
20