LIFESTYLEentertainment

1Q19 Analyst MeetingParagon Cineplex, 13th May 2019

MAJOR CINEPLEX GROUP PLC.1

LIFESTYLEentertainment

FINANCIAL OVERVIEW 2

IMAX

Financial Highlights

3

1Q19 QUARTERLY BRIEFING

Bt.Million 1Q19 1Q18Growth

Amt. %

Revenue 2,400 100% 1,950 100% 450 23%

Gross Margin 791 33% 620 32% 171 28%

Operating Profit 182 8% 100 5% 82 81%

EBITDA 566 24% 617 32% (51) -8%

EBIT 296 12% 342 18% (47) -14%

Core Profit 176 7% 148 7% 28 19%

Net Profit 205 9% 284 15% (79) -28%

LIFESTYLEentertainment

Note: Divestment from SF&PVRL (Share profit of investment) 1Q18 = 136MB THB

Revenue Breakdown

4

2015 2016

1,0

29

1,2

95

Admission Revenue+26%

(+266mb.) Concession+21%

(+77mb.)

Advertising+19%

(+62mb.)

Bowling group(0.1%)

(0.1mb.)Movie Content

+250%(+44mb.)

Total Revenue+23%

(+450mb.)

1,9

50

2,4

00

17

61

32

5 38

7

99

99

10

5

10

6

37

4

45

1

1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19

LIFESTYLEentertainment

Retails(+1%)

(+1mb.)

1Q19 QUARTERLY BRIEFING

ATP & Guest Counts

Revenue : Admissions

5

LIFESTYLEentertainment

53% 49% 52% 46%

47% 51% 48% 54%

2017 2018 1Q18 1Q19

Bangkok & Vicinity Upcountry

Guest Counts Breakdown by Regional

ATP Breakdown (THB)

177 184 176 190

145 142 135 139

2017 2018 1Q18 1Q19

Bangkok & Vicinity Upcountry

ATP (THB)

162 162

156

163

2017 2018 1Q18 1Q19

32.137.8

9.15

0

5

10

15

20

25

30

35

40

2017 2018 1Q18 1Q19

Guest Counts (Million) Comp.&MPASS

1.02.3

0.32 1.09

31

.1 35

.5

7.136

.81

6.8

1

8.0

6

1Q19 QUARTERLY BRIEFING

Revenue : Admissions

6

LIFESTYLEentertainment

34% 31% 31% 29% 22% 23% 15% 26%

66% 69% 69% 71% 78% 77% 84% 74%

2011 2012 2013 2014 2015 2016 2017 2018

Local Hollywood

Thailand Market Breakdown by MoviesBox Office Breakdown by Regional

58% 55% 54% 58%

42% 45% 46% 42%

2017 2018 1Q18 1Q19

Bangkok & Vicinity Upcountry

287 MB 148 MB 139 MB 106 MB 104 MB

1Q19 QUARTERLY BRIEFING

Revenue : ConcessionLIFESTYLEentertainment

Concession Revenue & Margin

1,665 1,972

374451

68% 69%65% 68%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

100

600

1,100

1,600

2,100

2,600

2017 2018 1Q18 1Q19

Concession Revenue (THB) Margin (%)

% Con to Box Ratio

32.137.8

7.8 9.2

35% 36% 38% 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

2017 2018 1Q18 1Q19

Admission (Million) % Con to Box

1Q19 QUARTERLY BRIEFING

Revenue : Advertising

8

LIFESTYLEentertainment

1,394 1,340 325387

85% 84% 84% 80%

0%-

200

400

600

800

1,000

1,200

1,400

1,600

2017 2018 1Q18 1Q19

Advertising Revenue (Million) Margin (%)

Advertising Revenue

1Q19 QUARTERLY BRIEFING

ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

14,074 7,442

6,632

6,654 6,636 6,255 6,510 6,710

3,762 3,381 4,184 3,330 3,008

0.570.51

0.67

0.510.45

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

1Q18 2Q18 3Q18 4Q18 1Q19

Equity Net interest-bearing debts Net D/E

9

Balance Sheet Snapshot

31Dec18

2% 2%

2%

Bt.million 31Dec18 31Mar19 %chg

Assets 14,074 13,892 -1%

Liabilities 7,442 7,053 -5%

Equity 6,632 6,839 3%

LIFESTYLEentertainment

ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

13,892 7,309

6,499

31Mar19

1Q19 QUARTERLY BRIEFING

Strategic investment and hidden profit

10AS

SET

S

EQU

ITY

LIFESTYLEentertainment

Investment portfolio as of 31th March 2019:• 26.08% 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 29 March 2019 Bt.million

Investments %ShareCost per

ShareMajor’s

CostMarket Value

Unrealized Gain (Loss)

Siam Future 26.08% 4.68 2,169 3,522 1,353

MJLF 33.00% 10.00 1,089 1,372 283

MPIC 92.46% 1.63 1,959 1,959 -

Total 5,217 6,854 1,636

1Q19 QUARTERLY BRIEFING

LIFESTYLEentertainment

GROWTH POTENTIALS 11

Movie Attraction in 2H19, Total 14 Thai Movies in 2H19

MOVIE LINE UP 2H19

2H19

Spider-Man: Far from Home

The Lion King

Hobbs and Shaw

Jumanji Sequel

Frozen 2

Star Wars: Episode IX

Dark Phoenix

The New Mutants

The Joker

Annabelle 3

IT Chapter 2

Terminator

Artemis Fowl

Gemini Man

Charlie's Angels

Untitled Kingsman Movie

Superintelligence

The Angry Birds Movie 2

Thai Movies

Bikeman 2 - Romantic/Comedy

GDH - Romantic/Comedy

Estimate 14 Thai movies in 2H19

MOVIE LINE UP: MPIC GROUP

*Please note that release dates are subject to change. 13

2H19

142Q12 2Q13

EXPANSION PLAN LIFESTYLEentertainment

MAJOR targets to expand 60 – 70 additional screens nationwide and international in year 2019, most of the screens are located in upcountry area with Tesco Lotus and Big C (Hypermarket).

No. Location Screens LocationBKK&

Vicinity UPC Inter

Opening Date

1 ITECC Mall - Vientiane 4 160 P

1Q19(11 Screens)

2 Lotus Bansuan Chonburi 2 161 P

3 Lotus Jhomthong Chiangmai 1 162 P

4 Lotus Angthong 2 163 P

5 Lotus Detudom Ubonratthani 2 164 P

6 Lotus Lumlukka 2 165 P

2019(50-60 Screens)

7 Lotus Pranburi 2 166 P

8 Lotus Kantharalak 2 167 P

9 Lotus Nangrong 1 168 P

10 Lotus Chumsaeng 1 169 P

11 Lotus Maetang Chiangmai 1 170 P

12 Lotus Nikom Bang ka dee 2 171 P

13 Lotus Minburi 3 172 P

Additional screen with Big C and Tesco Lotus around 60 – 70 screens in 2019 (Location: To be announced)

MAJOR CINEPLEX GROUP PLC.

LIFESTYLEentertainment

15