I N V E S T O R UPDATE
Q1, F Y 2017- 2 0 1 8
S. No. Particulars Slide No.
1 Key Numbers 3
2 Screen Portfolio 4
3 Consolidated Results 5
4 Standalone Results 6
5 Revenue Analysis 7-9
6 Expenditure Analysis 10
7 Property Openings 11
8 Content Pipeline 12-20
2 Admits Revenue1 EBITDA1 Lacs Lacs Lacs
210 +1% 65,303 +13% 12,846 +4%
vs 207 vs 57,868 vs 12,301
EBITDA PAT Margin Lacs 19.7% -1.6% 4,425 +2.5%
vs 21.3% vs 4,317
[1] Revenue and EBITDA include other income 3 Properties Screens Seats 128 1,33,874 587 44% 36% 41% 34% 43% 32% 22% 22% 56 16% 58,099 46 238 5% 4% 197 4% 42,755 20 130 27,336 6 22 5,684
West East North South Total West East North South Total West East North South Total
Revenue Distribution EBITDA Distribution E Tax Exempt Screens Other Other 587 Business Business 6% 8% 9% 6% PVR PVR 36 54 Exhibition Exhibition 94% 92% Total Screens Partial Exempt Full Exempt Screen Screen
4 Particulars (Rs Lacs) Q1, FY17-18 Q1, FY16-17 Growth Income 65,067 57,234 14% Expenses 52,457 45,567 15% Operating Profit 12,610 11,667 8% Operating Profit Margin 19.4% 20.4% -1.0% Other Income 236 634 -63% EBITDA 12,846 12,301 4% EBITDA Margin 19.7% 21.3% -1.6% Depreciation 3,760 3,309 14% EBIT 9,086 8,992 1% Finance Cost 2,083 1,926 8% PBT before Exceptional item 7,003 7,066 -1% Exceptional Item - (258) - PBT after Exceptional item 7,003 6,808 3% Tax 2,578 2,491 3% PAT 4,425 4,317 3% 5 Particulars (Rs Lacs) Q1, FY17-18 Q1, FY16-17 Growth Income 61,383 53,853 14% Expenses 49,800 42,557 17% Operating Profit 11,583 11,296 3% Operating Profit Margin 18.9% 21.0% -2.1% Other Income 254 619 -59% EBITDA 11,837 11,915 -1% EBITDA Margin 19.2% 21.9% -2.7% Depreciation 3,268 2,841 15% EBIT 8,569 9,074 -6% Finance Cost 2,067 1,911 8% PBT before Exceptional item 6,502 7,163 -9% Exceptional Item - (258) - PBT after Exceptional item 6,502 6,905 -6% Tax 2,390 2,438 -2% PAT 4,112 4,467 -8%
Location 128 120 7% Screens 587 551 7% Seats 1,33,874 1,26,577 6% Footfalls (Lacs) 210 207 1% Occupancy % 35.1% 36.2% -1.1% ATP (Rs) 214 195 10% SPH (Rs) 87 79 10% Sponsorship Income (Rs Lacs) 6,742 5,151 31% 6 Q1, FY17-18 Q1, FY16-17 Growth Particulars (Rs Lacs) Comp Total Comp Total Comp Total
Net Box Office 28,280 34,333 27,799 30,803 2% 11%
Food & Beverages 13,640 16,455 13,423 14,751 2% 12%
Advertising 5,616 6,742 4,670 5,151 20% 31%
Convenience Income 1,342 1,620 1,445 1,578 -7% 3%
Other Operating Income 2,106 2,233 1,532 1,570 37% 42%
Total 50,984 61,383 48,870 53,853 4% 14%
7 Net Box Office (Rs lacs) Admits (lacs) & Occupancy (%) Average Ticket Price1 (Rs )
215 36.2% 214 34,333 11% 36.4% 35.1% 10% -7% 1% 10% 35.6% 210 207 196 195 30,803 173 186
Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Comparable Total Comparable Total Film Hire as a percentage of Net Box office is 41.9% in Q1, FY 17-18 as against 41.1% in Q1, FY 16-17 2
Net F&B (Rs Lacs) Spend Per Head (Rs ) COGS 23.9% 10% 16,455 12% 87 10% 87 0.7% 14,751 79 79 23.2%
Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Comparable Total
[1] ATP includes 3D Glasses upcharge [2] Entertainment Tax Exemption shown in other operating revenues added back to reported Net Box Office Collection for calculating Film Hire % 8 Sponsorship Income (Rs Lacs)
31% 20% 6,742
5,616 5,151 4,670
Q1, FY17-18 Q1, FY16-17 Q1, FY17-18 Q1, FY16-17 Comparable Total
9 Q1, FY17-18 Q1, FY16-17 Growth Particulars (Rs Lacs) Comp Total Comp Total Comp Total
Personnel Expenses 5,660 6,390 4,736 5,073 20% 26%
Rent 8,679 10,552 7,996 9,029 9% 17%
Repair & Maintenance 2,042 2,444 1,709 1,920 19% 27%
CAM & Electricity 5,747 7,182 5,422 6,134 6% 17%
Other Expenses 3,882 4,346 3,586 3,934 8% 10%
Total 26,010 30,914 23,449 26,090 11% 18%
Personnel Expenses
On account of minimum wages hike of 35% in Delhi & Karnataka, increments, annual incentives & new additions to sales/revenue team
Rent
Escalation on some key properties falling due in current financial year [Rent expense normally increase by 15% after every block of 3 years]
Repair & Maintenance
Increase in Digital IT & Housekeeping expenses 10 S. No Cinemas Screens Opening Date PVR Grand Galada Centre Mall, Chennai 1 PVR Galada Mall, Chennai 5 20-Jun-17 20th June, 2017 2 PVR Cinemall, Kota 3 30-Jun-17 3 PVR Pavilion Mall, (ICC) Pune 6 Q2, FY 17-18 4 PVR Garuda Mall, Mysore 4 Q2, FY 17-18 5 PVR Chanakya, Delhi 3 Q2, FY 17-18 6 PVR Panjagutta, Hyderabad 8 Q2, FY 17-18 7 PVR Kumar Pacific Mall, Pune 4 Q3, FY 17-18 8 PVR Hi-Tech City, Hyderabad 5 Q3, FY 17-18 PVR Cinemall, Kota 30th June, 2017 9 PVR Prestige, Mysore 6 Q3, FY 17-18 10 PVR K3C Mall, Karnal 3 Q4, FY 17-18 11 PVR KC Central, Jammu 2 Q4, FY 17-18 12 PVR Vega Mall, Bangalore 12 Q4, FY 17-18 13 PVR Red Hills, Chennai 5 Q4, FY 17-18 14 PVR VVIP Mall, Ghaziabad 3 Q4, FY 17-18 Total 69
65% of new screens additions is in lucrative South Indian Market 11
Content Pipeline
12 Mubarakan Indu Sarkar Valerian (3D)
Cast: Anil Kapoor, Cast: Kirti Kulhari, Cast: Dane DeHaan, Arjun Kapoor, Neil Nitin Mukesh, Cara Delevingne, Ileana D'Cruz Anupam Kher Clive Owen
Director: Anees Director: Luc Bazmee Director: Madhur Besson Bhandarkar
28 July’ 17 28 July’ 17 28 July’ 17
Vekh Baratan Chaliya (Punjabi) Velaiilla Pattadhari 2 (Tamil) Jab Harry Met Sejal
Cast: Binnu Dhillon, Cast: Dhanush, Cast: Shah Rukh Amrinder Gill, Kajol, Amala Paul Khan, Anushka Jaswinder Bhalla Sharma, Sayani Director: Soundarya Gupta Director: Ksshitij Rajnikanth Chaudhary Director: Imtiaz Ali
28 July’ 17 4 Aug’ 17 4 Aug’ 17
13 Toilet-Ek Prem Katha The Emoji Movie (3D / 4Dx) Atomic Blonde (Imax)
Cast: Akshay Cast: TJ.Miller, Cast: Sofia Kumar, Bhumi Patrick Stewart Bountella, Charlize Pednekar Theron Director: Tony Director: Neeraj Leondis Director: David Pandey Leitch
11 Aug’ 17 11 Aug’ 17 11 Aug’ 17
Vivegam (Tamil) Lie (Telugu) Haseena Parkar
Cast: Ajithkumar, Cast: Nithin, Megha Cast: Shraddha Vivek Oberoi, Kajal Akash, Arjun Sarja, Kapoor, Siddhant Aggarwal, Akshara Sri Ram Kapoor Hassan Director:Hanu Director: Apoorva Director: Siva Raghavapudi Lakhia
11 Aug’ 17 11 Aug’ 17 18 Aug’ 17
14 Bareilly Ki Barfi Partition:1947 Annabelle 2
Cast: Ayushmann Cast: Huma Cast: Miranda Otto, Khurrana, Kriti Qureshi, Manish Stephanie Sigman Sanon, Rajkummar Dayal, Om Puri Rao Director: David F. Director: Gurinder Sandberg Director: Ashwiny Chadha Iyer Tiwari
18 Aug’ 17 18 Aug’ 17 18 Aug’ 17
The Dark Tower (4Dx) A Gentleman-Sundar, Susheel Risky Sniff!!!
Cast: Katheryn Cast: Sidharth Cast: Baby Sunny Winnick, Matthew Malhotra, Jacqueline Gill, Surekha Sikri Mcconaughey Fernandez Director: Amol Director: Nikolaj Director: Raj Gupte Arcel Nidimoru/ Krishna Dk
18 Aug’ 17 25 Aug’ 17 25 Aug’ 17
15 Babumoshai Bandookbaaz The Hitman’s Bodyguard Baadshaho
Cast: Nawazuddin Cast: Ryan Cast: Ajay Devgn, Siddiqui, Bidita Bag Reynolds, Samuel l. Emraan Hashmi Jackson, Elodie Director: Kushan Yung Director: Milan Nandy Luthria Director: Patrick Hughes
25 Aug’ 17 25 Aug’ 17 1 Sep’ 17
Shubh Mangal Saavdhan Renegades Poster Boys
Cast: Ayushmann Cast: Ewen Cast: Sunny Deol, Khurrana, Bhumi Bremner, J.K. Bobby Deol, Shreyas Pednekar Simmons, Dimitri Talpade Leonidas Director: RS Director: Shreyas Prasanna Director: Steven Talpade Quale
1 Sep’ 17 1 Sep’ 17 8 Sep’ 17
16 Kaalakaandi American Made Daddy
Cast: Shenaz Cast: Lola Kirke, Cast: Arjun Rampal Treasury, Saif Ali Domhnall Gleeson, Khan, Amyra Tome Cruise Director: Ashim Dastur Ahluwalia Director: Doug Director: Akshat Liman Verma
8 Sep’ 17 8 Sep’ 17 8 Sep’ 17
IT Simran Lucknow Central
Cast: Bill Skarsgård, Cast: Kangana Cast: Farhan Jaeden Lieberher, Ranaut, Catherine Akhtar, Deepak Finn Wolfhard Dyer, Maiya Boyd Dobriyal, Ronit Roy
Director: Andrés Director: Hansal Director: Ranjit Muschietti Mehta Tiwari
8 Sep’ 17 15 Sep’ 17 15 Sep’ 17
17 Jai Lava Kusa (Telugu) Bhoomi Lego Ninjago (3D)
Cast: Junior N.T.R., Cast: Sanjay Dutt, Cast: Olivia Munn, Rashi Khanna, Aditi Rao Hydari, Justin Theroux, Nivetha Thomas Sharad Kelkar Dave Franco
Director: K.S Director: Omung Director: Charlie Ravindra Kumar Bean, Paul Fisher
21 Sep’ 17 22 Sep’ 17 22 Sep’ 17
Kingsman The Golden Circle (Imax) Nikka Jaildaar 2 (Punjabi) Spyder (Telugu)
Cast: Taron Egerton, Cast: Ammy Virk, Cast: Mahesh Babu Channing Tatum, Sonam Bajwa, Jeff Bridges Karamjit Anmol Director: A R Murugadoss Director: Matthew Director: Simerjit Vaughn Singh
22 Sep’ 17 22 Sep’ 17 29 Sep’ 17
18 Judwaa 2 Velaikaran (Tamil) Blade Runner 2049 (3D / Imax )
Cast: Varun Cast: Cast: Harrison Ford, Dhawan, Jacqueline Sivakarthikeyan, Ryan Gosling, Ana Fernandez, Taapsee Nayanthara, Fahadh de Armas Pannu Faasil, Sneha, Prakash Raj Director: Denis Director: David Villeneuve Dhawan Director: Mohan Raja
29 Sep’ 17 29 Sep’ 17 6 Oct’ 17
Yaara Chef Mother
Cast: Shruti Haasan, Cast: Saif Ali Khan, Cast: Jennifer Vidyut Jamwal, Padmapriya, Lawrence, Javier Tigmanshu Dhulia Dhanish Karthik Bardem, Ed Harris
Director: Director: Raja Director: Darren Tigmanshu Dhulia Menon Aronofsky
6 Oct’ 17 6 Oct’ 17 13 Oct’ 17
19 Secret Superstar The Mountain Between Us Golmaal Again
Cast: Zaira Wasim, Cast: Kate Winslet, Cast: Ajay Devgn, Meher Vij, Raj Arjun Idris Elba Kriti Sanon, Tabu
Director: Advait Director: Hany Director: Rohit Chandan Abu-Assad Shetty
20 Oct’ 17 20 Oct’ 17 20 Oct’ 17
The Snowman Geostorm (3D/Imax)
Cast: Rebecca Cast: Katheryn Ferguson, Michael Winnick, Gerard Fassbender, Chloë Butler, Abbie Sevigny Cornish
Director: Tomas Director: Dean Alfredson Devlin
27 Oct’ 17 27 Oct’ 17
20 Thank You