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LIFESTYLEentertainment

3Q18 Analyst MeetingParagon Cineplex, 12th November 2018

MAJOR CINEPLEX GROUP PLC.1

MAJOR CINEPLEX GROUPAGENDA

COMING ATTRACTION MOVIE LINE-UP

FINANCIAL OVERVIEW

FINANCIAL HIGHLIGHT RESULT

EXPANSION PLAN

GROWTH PROTENTIALS

P.3

P.5

STRATEGIC INVESTMENT

P.10

P.13P.13

P.15

QUARTERLY REVENUE BREAKDOWN P.6

2

REVENUE BREAKDOWN BY SEGMENT

P.4

BALANCE SHEET SNAPSHOT

P.11


FINANCIAL OVERVIEW 3

IMAX

Financial Highlights

4

Bt.Million 3Q17 3Q18Growth

Amt. %

Revenue 2,200 100% 2,048 100% (153) (7%)

Gross Margin 712 32% 630 31% (82) (12%)

EBITDA 682 31% 557 27% (125) (18%)

EBIT 402 18% 272 13% (130) (32%)

Net Profit 302 14% 206 10% (96) (32%)

3Q18 QUARTERLY BRIEFING

3Q18 Net Profit decreased from extra gain in 3Q17 (1) Insurance claim from fire accident at Pinklao location 47 MB (2) Exchange rate from PVRL divestment 18 MB

Revenue Breakdown by segment

5

Major Group’s Revenue Breakdown 3Q18 Margin

Cinema 73% 23%

Admission Revenue 54% 6%

Concession Revenue 19% 69%

Advertising Business 14% 82%

Bowling & Karaoke Business 6% 37%

Rental & Service Business 5% 8%

Movie Content(Content Provider & Local Production)

2% 11%

Total Revenue 100% 31%

Admission Revenue

54%

Movie Content

2%

Bowling & Karaoke Business

6%

Rental & ServiceBusiness

5%

AdvertisingBusiness

14%

Concession Revenue

19%


Revenue Breakdown

6

2015 2016

1,1

42

1,0

99

Admission Revenue

(4%)(42mb.)

Concession

(3%)(12mb.)

Advertising

(18%)(61mb.)

Bowling group

+9%(+10mb.)

Movie Content

(59%)(53mb.)

Total Revenue(7%)

(153mb.)

2,2

00

2,0

48

89

36

34

5

28

4

11

3

12

3

10

1

10

7

41

1

39

8

3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18

Retails

6%+6mb.


Advertising revenue decreased from postponement of contract renewal

29.7 31.9

7.6 6.9

166 164 160 162

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

150

160

170

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

2016 2017 3Q17 3Q18

Guest Counts (Million) MPass+Comp. ATP (THB)

ATP & Guest Counts

Revenue : Admissions

7

59% 57% 53% 51%

41% 43% 47% 49%

2016 2017 3Q17 3Q18

Bangkok & Vicinity Upcountry

Guest Counts Breakdown by Regional Cinema Breakdown by Regional

62% 61% 58% 57%

38% 39% 42% 43%

2016 2017 3Q17 3Q18


ATP Breakdown (THB)

178 176 176 184

149 149 142 141

2016 2017 3Q17 3Q18



0.60.3

7.9 7.5

Revenue : ConcessionConcession Revenue & Margin

1,443 1,665

411 398

68% 68%63%

69%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

100

600

1,100

1,600

2,100

2016 2017 3Q17 3Q18

Concession Revenue (THB) Margin (%)

% Con to Box Ratio

29.7 31.9

7.9 6.9

31%35% 36% 37%

0%

5%

10%

15%

20%

25%

30%

35%

40%

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

2016 2017 3Q17 3Q18

Admission (Million) % Con to Box


Revenue : Advertising

9

1,287 1,395 345 284

86% 85% 87% 82%

0%-

200

400

600

800

1,000

1,200

1,400

1,600

2016 2017 3Q17 3Q18

Advertising Revenue (Million) Margin (%)

Advertising Revenue


JURASSIC EXPO

Mini Marathon Package : HK Disneyland

Kids Movie Fun

UNITRY THAILAND’S PUBSTOMP 2018

ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

13,850 7,478

6,372

10

Balance Sheet Snapshot

Dec 31,17 Sep 30,18

0% 2%

(2%)

ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

13,808 7,309

6,499

Bt.million Dec 31,17 Sep 30, 18 %chg

Assets 13,808 13,850 0%

Liabilities 7,309 7,478 2%

Equity 6,499 6,372 (2%)

Bt.million Dec 31,16 Sep 30,17 %chg

Assets 14,725 14,156 (4%)

Liabilities 8,007 7,664 (4%)

Equity 6,718 6,493 (3%)


6716 6,402 6,255

3,913 4,175 4,184

0.69 0.65 0.67

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0

2000

4000

6000

8000

10000

12000

14000

3Q16 3Q17 3Q18

Equity Net interest-bearing debts Net D/E

Strategic investment and hidden profit

11AS

SET

S

EQU

ITY

Investment portfolio as of 30th September, 2018:• 26.03% in Siam Future Development Plc. (SF)• 33.00% in Major Cineplex Lifestyle Leasehold Property Fund (MJLF)• 92.46% in M Pictures Entertainment Plc. (MPIC)• 40.00% in Thai Ticket Major Co., Ltd.• 69.97% in Major Platinum Cineplex Co., ltd. (Cambodia)• 59.98% in Major Platinum Cineplex Co., ltd. (Lao)• 99.99% in Cineplex (Lao) Sole Co., ltd.• 49.00% in CJ Major Entertainment

Closing price as on 30 September 2018 Bt.million

Investments %ShareCost per

ShareMajor’s

CostMarket Value

Unrealized Gain (Loss)

Siam Future 26.03% 4.43 2,047 4,046 2,000

MJLF 33.00% 10.00 1,089 1,383 294

MPIC 92.46% 1.67 2,003 2,044 41

Total 5,139 7,473 2,334



GROWTH POTENTIALS 12

Bumblebee

Aquaman

Fantastic Beast and where to find them 2

Venom

Ralph Breaks the Internet: Wreck-It Ralph 2

The Nutcracker and the Four Realms

Johnny English 3

The Girl in the Spider's Web

Robin Hood

The Grinch

Goosebumps 2

Mary Poppins Returns

First Man

Nakee - Drama

Homestay - Thriller/Fantasy

Khun Ban Lue - Comedy

Possessed - Horror

Gravity of Love - Romantic

ThiBan The Series 2.2 - Comedy

Nora - Drama

Gatlang - Documentary

Viral - Horror*Please note that release dates are subject to change.

Movie Attraction in 4Q18, Total 22 Thai Movies in 2H18

13

MOVIE LINE UP 4Q18

http://film-book.com/san-anderas-2015-dwayne-johnson-1st-official-image-new-casting


Avengers Infinity War

Captain Marvel

Shazam!

Godzilla II: King of the Monsters

Men in Black

John Wick 3

Hellboy

Spider-Man: Into the Spider-Verse

Toy Story

Aladdin

Dumbo

How to Train Your Dragon 3

The Secret Life of Pets 2

Alita: Battle Angel

Glass

Wonder Park

The Lego Movie 2

Sin Sam Ton - Romantic/Comedy

Friend Zone - Romantic/Comedy

Pee Nak - Comedy/Horror

White Shadow - Drama

Inhuman Kiss - Romantic/Horror

Estimate 12 Thai Movies in 1H19*Please note that release dates are subject to change.

Movie Attraction in 1H19, Total 12 Thai Movies in 1H19

14

MOVIE LINE UP 1H19



15

MAJOR targets to expand 70-80 additional screens nationwide and international in year 2018, Most of the screens are located in upcountry area with Tesco Lotus and Big C (Hypermarket).

116 123207 217 240 245 255 268 267 269 294 294 304 336 343 33829 39 50 71 89 86 94 114 119 185 209

280 319 347

123 142

236 256 290 316 344 354 361 383 413479

520

628678 710

0

100

200

300

400

500

600

700

800

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

BKK & Vicinity Province International

MAJOR CINEPLEX: EXPANSION PLAN

2Q12 2Q13

VIETNAM

LAOS

CAMBODIA

MYANMAR

No. Location ScreensLocation

No.

BKK&

VicinityUPC Inter Opening Period

1 Big C Sukhothai (Opened 1 Feb) 2 133 X2 Sahathai Nakhonsithammarat (Opened 7 Feb) 3 134 X3 Lotus Phatthalung (Opened 13 Feb) 3 135 X 1Q184 Sripong Park Uttaradit (Opened 3 Mar) 3 136 X (13 Screens)5 Big C Phang Khon - Sakon Nakhon (Opened 28 Mar) 1 137 X6 Big C Kham Ta Kla - Sakon Nakhon (Opened 30 Mar) 1 138 X7 Big C Chaiyaphum (Opened 1 Apr) 2 139 X8 Big C Sattahip (Opened 4 Apr) 3 140 X 2Q189 Aoen Mall 2 - Phnom Penh (Opened 30 May) 8 141 X (15 Screens)

10 Lotus Suphan Buri (Opened 1 Jun) 2 142 X11 Big C Nong Bua (Opened 15 Jul) 1 143 X12 Lotus Kamphaensan (Opened 25 Jul) 2 144 X13 Lotus Piboon Mang Sar Harn (Opened 16 Aug) 2 145 X14 Lotus Khok Samrong (Lop Buri) (Opened 30 Aug) 2 146 X15 Big C Nongki (Burirum) (Opened 31 Aug) 1 147 X16 Lotus Si Sa Ket (Opened 28 Sep) 2 148 X17 Lotus Ratchaburi 2 149 X 2H1818 Asawann Nongkhai 2 150 X (~40 Screens)19 Big C Ladyao (Nakhonsawan) 1 151 X20 Lotus Uttaradit 2 152 X21 Lotus Bang Pakok 3 153 X22 Lotus Phayao 2 154 X23 Big C Chiang Rai 4 155 X24 Icon Siam 13 156 X

16

MAJOR CINEPLEX: EXPANSION PLAN

2017 2018 2019F

Total New Screen 47 84 50

Total CAPEX 392 919 280

CAPEX/Screen 7.3 6.6 5.6

2017E: 7.3 MB/screen, excl. INTER 9 screens2018E : 6.6 MB/screen, excl. ICON SIAM 13 Screens 260 MB (4DX, IMAX)

and AEON2 8 screens 187 MB (4DX, IMAX)

Branch CAPEXManage cost

5.6MB/Screen in 2019

ICON SIAM

279472

280

260

113

187

392

919

280

7.36.6

5.6

-0.7

0.3

1.3

2.3

3.3

4.3

5.3

6.3

7.3

0

200

400

600

800

1000

1200

1400

2017 2018 2019F

Normal CAPEX CAPEX/Scr (MB)

AEON 2

INTER

Bt.million

CAPEX Highlight

17

MAJOR CINEPLEX: EXPANSION PLANAdjusted Return on Assets by screen opening

-2%

12%

38%

-10%

0%

10%

20%

30%

40%

50%

2017 2018

Built 2017 Built 2018

2017E : CAPEX 7.3 MB/screen

2018E : CAPEX 6.6 MB/screen

Manage cost 6.6MB/Screen

in 2018

Return On Assets

Data as of Oct 18

MAJOR CINEPLEX GROUP PLC.


18

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