Fy20 / Fy20 ------~ ◄ India's First 600 3 Tier Cinema Screens Rewards Programme Milestone Launched Crossed in Fy20 in Fy20
Total Page:16
File Type:pdf, Size:1020Kb
1 Disclaimer IN THIS PRESENTATION (PRESENTATION) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF INOX LEISURE LIMITED (THE “COMPANY”) OR ITS SUBSIDIARY (TOGETHER WITH THE COMPANY, THE “GROUP”). The material that follows is a Presentation of general background information about the Company’s activities as at the date of the Presentation or as otherwise indicated. It is information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation has been prepared by and is the sole responsibility of the Company. By accessing this Presentation, you are agreeing to be bound by the trading restrictions. It is for general information purposes only and should not be considered as a recommendation that any investor should subscribe to or purchase the Company’s equity shares or other securities. This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “projects”, “expects”, “intends”, “may”, “will”, “seeks” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The factors which may affect the results contemplated by the forward looking statements could include, among others, future changes or developments in (i) the Group’s business, (ii) the Group’s regulatory and competitive environment, and (iii) political, economic, legal and social conditions in India or the jurisdictions in which our Group operates. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. There are some important factors that could cause material differences to Company’s actual results. These include (i) our ability to successfully implement our strategy (ii) our growth and expansion plans (iii) changes in regulatory norms applicable to the Company (iv) technological changes (v) investment income (vi) cash flow projections etc. The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this Presentation, unless otherwise specified is only current as of the date of this Presentation. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this Presentation, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the content of this Presentation without obligation to notify any person of such revision or changes. This document is just a Presentation and is not intended to be and does not constitute a “prospectus” or “offer document” or a “private placement offer letter” or an “offering memorandum” or an “offer” or a solicitation of any offer to purchase or sell any securities. It is clarified that this Presentation is not intended to be a document offering for subscription or sale of any securities or inviting offers from the Indian public (including any section thereof) or from persons residing in any other jurisdiction including the United States for the subscription to or sale of any securities including the Company’s equity shares. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. This document and its contents should not be forwarded or delivered or transmitted or disseminated in any manner to any person other than its intended recipient and should not be reproduced or copied in any manner whatsoever. 2 3 One of India's Largest Multiplex Chain IN * 144,467 SEATS! PUNJAB I 3 Properties I 13 Scree~----~ UTTAR PRADESH I 12 Properties I 54 Screens DELHI I 5 Properties I 16 Screens SCREENS ZONE WISE HARYANA I 6 Properties I 19 Screens RAJASTHAN I 13 Properties I 47 Screens MADHYA PRADESH I 5 Properties I 28 Screens GUJARAT I 20Properties I Bl Screens ----~ ODISHA I 4 Property I 14 Screens MAHARASHTRA I 27 Properties I 129 Screens ----<r CHHATTISGARH 12 Properties I 8 Screens GOA I 4 Properties I 14 Screen-----~ TELANGANA I 3 Properties I 19 Screens KARNATAKA I 12 Properties I 49 Screens ANDHRA PRADESH I 8 Properties I 33 Screens KERA LA 11 Property I 6 Screens --- TAMIL NADU I 5 Properties I 31 Screens * Includes 8 management properties with 29 screens and 7,355 seats 4 Well Diversified Presence Across India IN 147 Properties* 68 Cities East; 15% • Well Diversified South; 20% East; 16% South; 20% Distribution of Multiplexes across India West; 34% North; 26% • Access to Wide West; 38% North; 31% Variety of Regional Content 626 Screens 144,467 Seat East; 14% East; 15% South; 22% South; 22% • Lower Dependency on Hindi and English Content North; 24% West; 40% West; 40% North; 23% *Includes 8 management properties with 29 screens and 7,355 seats 5 INOX Atria, Worli, Mumbai 6 INOX Metro, Mumbai 7 INOX Malad, Mumbai 8 INOX Marina Mall, Chennai 9 INOX South City , Kolkata 10 11 LEISURE LIMITED ONE OF THE MOST PROFITABLE NET DEBT CINEMA CHAIN ON .-t PER SCREEN BASIS FREE "' PER PATRON BASIS "' PER RUPEE COMPANY INVESTED BASIS AS ON 31" MAR 2020 IN FY20 / FY20 ------~ ◄ INDIA'S FIRST 600 3 TIER CINEMA SCREENS REWARDS PROGRAMME MILESTONE LAUNCHED CROSSED IN FY20 IN FY20 12 A HIGHEST * A FOOTFALLS * HIGHEST A 6LA~p AT~200 HIGHEST * A SP~80 * HIGHEST A REVENUES * HIGHEST A ~l,9l5cR EBITDA HIGHEST * ~34zR PAT ~141CR Financial figures exclude impact of Ind AS 116 *indicates highest achieved numbers of the Company since inception 13 Strong Operational Metrics IN X Footfalls (Lakhs) Average Ticket Price [ATP] (₹) CAGR : 7% CAGR : 4% Footfalls (Lakhs) Occ% 28% 28% 28% 800 - 30% 26% 700 25% 600 20% 500 200 400 15% 193 197 300 660 537 533 625 10% 200 5% 178 100 0 0% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Spend per head [SPH*] (₹) F&B Contribution CAGR : 9% CAGR : 8% *SPH Contribution (₹) F & B Contribution (%) 76.0% 75.7% 74.2% 74.6% 70 - 80.0% 60 70.0% 60.0% 80 50 74 50.0% 66 40 62 40.0% 30 55 59 30.0% 20 47 50 20.0% 10 10.0% - 0.0% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 *SPH Contribution (₹) = SPH (₹) x F&B Contribution (%) 14 Strong Financial Growth with Low Leverage IN TOTAL REVENUES (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) CAGR : 16% CAGR : 31% CAGR : 66% 1,915 12.6% 16.5% 19.0% 18.1% 1,707 8.4% 7.8% 7.4% 160 2.5% 10.0% 140 1,363 5.0% 1,230 120 0.0% 100 -5.0% 80 -10.0% 324 347 60 133 141 115 -15.0% 225 40 -20.0% 155 20 31 - -25.0% FY17 FY18 FY19 FY20 FY17 FY18 FY19 *FY20 FY17 FY18 FY19 *FY20 EBITDA EBITDA Margin % PAT PAT Margin % REVENUES - SEGMENT BREAKUP (₹ Cr) - LEVERAGE- ANALYSIS - RETURN- METRICS 1,915 2,000 1,707 134 25.0% 22.4% 0.5 20.6% 119 179 0.4 0.1 20.0% 1,500 1,363 0.1 1,230 177 18.8% 115 497 16.3% 14.8% 15.0% 101 139 436 13.7% 1,000 96 1,092 284 306 553 670 964 10.0% 8.4% 500 1,105 5.7% 975 5.0% 748 802 317 292 158 0.0% - 110 FY17 FY18 FY19 FY20 FY17 FY18 FY19 *FY20 FY17 FY18 FY19 *FY20 ■ Other Revenues ■ Advertising ■ F & B ■ NBOC Gross Debt (₹ Cr) Equity (₹ Cr) ■ ROCE % ■ ROE % Net Debt to Equity Note: - 1. Total Revenues & EBITDA includes non operating income. *During FY 2019-20, 'IND AS 116: Leases' has replaced the earlier lease standard 'Ind AS17: Leases‘, thereby having significant impact on 2. Net Debt = [Gross Debt] Less [Cash & Bank and Liquid MF Investments] the financial statements for F.Y. 2019-20, particularly recognition of Right of Use assets and Lease liability. Since it has no business 3. Net Debt to Equity is calculated by excluding impact of Ind AS116 from Equity , also lease liability has been excluded from Net Debt impact and in order to make the data for FY 2019-20 directly comparable with the data for earlier three years, the impact of Ind AS116 4.