1 2 Highest Ever New Screen Openings for First National Chain the Industry in a Year in the Industry to be 85 Screens Net Debt Free Highest Ad Revenue Growth Rate in the Highest “EBITDA to Industry for Capital Invested” Ratio 8 consecutive in the Industry for FY19 quarters 22% 3 HIGHEST YEARLY HIGHEST YEARLY HIGHEST YEARLY FOOTFALLS ATP SPH 6.25Crs Rs.197 Rs.74 HIGHEST YEARLY HIGHEST YEARLY HIGHEST YEARLY REVENUE EBITDA PAT Rs.1,692Crs Rs.309Crs Rs.133Crs 4 5 Q4 & Full Year FY19 Results Highlights Q4 FY19 YoY Comparison Revenue from Operations EBITDA *Adjusted PAT 600 EBITDA EBITDA Margin Adj PAT Adj Pat% 500 9% 50 10% 120 20% 25% 400 48% 122% 45 9% 100 40 992% 20% 8% 35 300 14% 7% 80 15% 30 6% 25 60 5% 200 479 10% 20 44 4% 40 324 97 15 1% 3% 100 5% 10 2% 20 4 44 5 1% 0 - - 0% 0% Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 FY19 YoY Comparison Revenue from Operations EBITDA *Adjusted PAT 1,800 EBITDA EBITDA Margin Adj Pat Adj Pat% 1,600 1,400 18% 8% 140 9% 350 20% 1,200 16% 120 8% 26% 47% 18% 112% 300 7% 1,000 16% 100 5% 250 14% 6% 800 80 5% 1,692 200 12% 60 600 1,348 10% 4% 150 129 8% 3% 309 40 400 100 6% 2% 210 4% 20 61 200 50 1% 2% 0 0% - - 0% FY18 FY19 FY18 FY19 FY18 FY19 All figures in INR Crs., unless specified Note: EBITDA excludes Other Income (non-operating) *Excludes tax write back of Rs.54crs (FY18) and Rs.5crs (FY19) 6 Q4 & Full Year FY19 – Revenue Break Up Analysis Q4 FY19 YoY Comparison FY19 YoY Comparison 2000 550 1800 1692 479 1600 105 450 28 1348 176 43 1400 101 22% 1200 3% 350 324 123 139 436 23 1000 33 306 250 29% 800 27% 78 600 150 284 42% 975 59% 400 802 190 200 50 50% 22% 0 -50 Q4FY18 Q4FY19 FY18 FY19 %Share Q4FY18 Q4FY19 FY18 FY19 Net Box Office 58.6% 59.4% 59.5% 57.6% Net Food & Beverage 24.0% 25.8% 22.7% 25.8% Advertisement 10.3% 8.9% 10.3% 10.4% Other Operating Revenues 7.2% 5.9% 7.5% 6.2% 7 All figures in INR Crs., unless specified Q4FY19 Results Analysis – Top 5 Movies in INOX URI The Surgical Q4FY19 Strike Gully Boy Simmba Total Dhamaal Kesari Total Footfalls (Lacs) 31 15 15 14 11 86 GBOC (INR Crs.) 57 32 29 25 21 164 Sonu Ke Titu Ki Q4FY18 Padmaavat Sweety Raid Padman Tiger Zinda Hai Total Footfalls (Lacs) 26 13 10 8 8 65 GBOC (INR Crs.) 60 22 18 16 14 130 Top 5 films accounted for 48% of Q4 FY19 GBOC revenues (53% in Q4 FY18) 8 GBOC – Gross Box Office Collection Q4 & FY19 Results Analysis – Key Operational Metrics Overall Footfalls & Occupancy% Comparable Properties Footfalls & Occupancy% Footfalls (Lacs) Occ% Footfalls (Lacs) Occ% 700 31% 33% 550 33% 600 26% 31% 26% 28% 28% 450 27% 28% 28% 500 23% 26% 350 23% 400 42% 17% 18% 300 625 250 18% 533 508 13% 6% 200 26% 477 150 13% 8% 100 159 126 180 50 126 8% - 3% Q4FY18 Q4FY19 FY18 FY19 (50) Q4FY18 Q4FY19 FY18 FY19 3% Footfalls with Management properties: Q4FY19: 189 lacs, Q4FY18: 133 lacs & FY19: 658 lacs, FY18: 563 lacs Overall Average Ticket Price (ATP) [INR] Comparable Properties Average Ticket Price (ATP) [INR] 250 250 200 200 150 1% 150 2% 100 193 *189 193 *197 100 194 *186 194 *195 50 -4% 50 -2% - - Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 *W.e.f 1st Jan 2019, GST rate on tickets is reduced from 28%/18% to 18%/12%, thereby affecting the YoY ATP growth. 9 Note: All above charts exclude management properties Q4 & FY19 Results Analysis – Key Operational Metrics Gross Spend Per Head (SPH) [INR] Food & Beverages – Contribution (%) 100 100.0% 90 90.0% 80 80.0% 70 70.0% 60 60.0% 50 50.0% 11% 40 9% 40.0% 73 74 74.9% 74.3% 75.7% 74.2% 30 67 66 30.0% 20 20.0% 10 10.0% - 0.0% Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 Advertisement Revenue [INR Crs.] Other Operating Revenue [INR Crs.] 120 200 180 100 160 140 80 120 60 100 29% 27% 22% 3% 105 80 176 101 40 60 139 40 20 28 20 33 43 23 - - Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 10 Q4 & FY19 Results Analysis – Key Operational Metrics GST (Including LBT & Cess) on NBOC [%] Film Distributor Share on NBOC [%] 27.5% 27.0% 24.9% 41.7% 43.7% 44.6% 44.2% 18.1% Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 NBOC (Net Box Office Collections) Other Overheads Per Operating Screen (INR Lacs) 60.0 180.0 168.3 50.0 6.3% 159.3 42.5 160.0 7.1% 39.2 40.0 140.0 50.9 Other Overheads 47.5 13.3 120.0 12.5 5.3% 30.0 0.2% CAM, Power & Fuel, R&M 100.0 43.2 10.2 43.1 80.0 20.0 9.7 14.2% Property Rent & 60.0 8.9% 13.0 Conducting Fees 10.0 11.4 50.8 40.0 46.6 Employee Benefits 5.6 5.6% 5.9 20.0 - 22.0 6.4% 23.5 Q4FY18 Q4FY19 - 11 FY18 FY19 New Properties Opened in Q4FY19 Jaipur GT Central (21st Jan 2019) Bhubhaneswar D N Mall (25th Jan 2019) Jamnagar Reliance (8th Mar 2019) 7 Screens 731 Seats 4 Screens 762 Seats 2 Screens 400 Seats Mumbai Inorbit Mall (Existing) (17th Mar Bhubaneswar Symphony (29th Mar 2019) Chennai The Marina Mall (31st Mar 2019) 2019) 4 Screens 168 Seats 3 Screens 609 Seats 8 Screens 1820 Seats 12 Property Openings FY19 Property Openings - FY19 Opened Property Screens Seats Mumbai Palm Beach Q1FY19 1 4 779 Cuttack SGBL Square Mall Q1FY19 1 4 830 Zirakpur Dhillon Mall Q1FY19 1 4 945 Q1FY19 Openings 3 12 2,554 Kakinada SRMT Q2FY19 1 5 915 Gurgaon Sapphire Q2FY19 1 3 567 Pune Heritage Mall (existing) Q2FY19 - 2 428 Coimbatore Prozone Q2FY19 1 9 2,057 Surat Reliance Mall Q2FY19 1 3 539 Gorakhpur City Mall Q2FY19 1 3 742 Delhi Epicuria Q2FY19 1 3 117 Q2FY19 Openings 6 28 5,365 Mumbai Metro (existing) Q3FY19 - 2 94 Bangalore RMZ Galleria Q3FY19 1 5 1,317 Gwalior DB Mall Q3FY19 1 6 1,023 Kolkata Madhyamgram Q3FY19 1 4 809 Q3FY19 Openings 3 17 3,243 9MFY19 Openings 12 57 11,162 Jaipur GT Central Q4FY19 1 7 731 Bhubhaneshwar D N Mall Q4FY19 1 4 762 Jamnagar Reliance Q4FY19 1 2 400 Mumbai Malad (Existing) Q4FY19 4 168 Bhubhaneshwar Symphony Q4FY19 1 3 609 Chennai Marina Mall Q4FY19 1 8 1,820 Q4FY19 Openings 5 28 4,490 13 YTD FY19 Openings 17 85 15,652 Track Record of Aggressive Expansion Note: Includes Acquisition of 89 Cinemas in FY07, Fame in FY11 and Satyam in FY15 14 PAN India Presence ONE OF THE LARGEST MULTIPLEX CHAIN IN INDIA PUNJAB | 2 Property | 10 Screens UTTAR PRADESH | 8 Properties | 31 Screens 19 States DELHI | 5 Properties | 16 Screens JHARKHAND | 1 Property | 4 Screens HARYANA | 6 Properties | 19 Screens 67 Cities RAJASTHAN | 13 Properties | 47 Screens MADHYA PRADESH | 5 Properties | 22 Screens Assam | 1 Property | 2 Screens 141 Properties GUJARAT | 20 Properties | 81 Screens WEST BENGAL | 15 Properties | 59 Screens ODISHA | 4 Property | 14 Screens MAHARASHTRA | 28 Properties | 130 Screens 583 CHHATTISGARH | 2 Properties | 8 Screens Screens GOA | 4 Properties | 14 Screens TELANGANA | 2 Properties | 11 Screens KARNATAKA |11 Properties | 45 Screens ANDHRA PRADESH | 8 Properties | 33 Screens 137,365 Seats KERALA |1 Property | 6 Screens TAMIL NADU | 5 Properties | 31 Screens * Includes 8 management properties with 29 screens and 7,370 seats 15 New Screen Pipeline FY20 Pipeline Properties Screens Seats Properties Open Date Properties Screens Seats FY19 139 574 135,586 Lucknow Garden 12-Apr-19 1 4 803 FY20 Openings till date 2 9 1,779 Taksh Galaxy 3-May-19 1 5 976 Expected May'19 to Mar'20 16 71 12,633 Openings Till Date 2 9 1,779 FY20 Expected 157 654 149998 Hyderabad 1 8 1,678 Gurugram 2 8 970 Additions Post FY20 120 830 151,663 Kolkata 1 2 342 Leading to 277 1484 301661 Bengaluru 2 9 1,357 Gorakhpur 1 4 761 Lucknow 2 9 1,817 Jalandhar 1 3 822 Indore (existing) - 6 403 Pune 1 5 1,160 Delhi 2 6 498 Tumkur 1 5 1,000 STRONG VISIBILITY FROM NEW SCREENS PIPELINE Vijayawada 1 3 1,022 Salem 1 3 803 BACKED BY SIGNED AGREEMENTS Total 18 80 14,412 16 Content Pipeline – May 2019 Maharshi (Telugu) Student Of The Year 2 De De Pyaar De Release Date: Release Date: Release Date: 9th May 2019 10th May 2019 17th May 2019 Cast: Mahesh Babu, Cast: Tiger Shroff, Tara Cast: Ajay Devgn, Pooja Hegde Sutaria, Ananya Tabu, Rakul Preet Director: Vamsi Pandey Singh Paidipally Director: Punit Director: Akiv Ali Banner: Sri Malhotra Banner: Urban Venkateswara Banner: Fox Star Romcom Creations, Vyjayanthi Studios, Dharma Movies, PVP Cinema Productions India’s Most Wanted Aladdin Godzilla: King of the Monsters Release Date: Release Date: 24th May 2019 24th May 2019 Release Date: Cast: Arjun Kapoor Cast: Naomi Scott, Will 31st May 2019 Director: Rajkumar Smith, Billy Magnussen Cast: Millie Bobby Brown, Gupta Director: Guy Ritchie Sally Hawkins, Vera Farmiga Banner: Fox Star Banner: Walt Disney Director: Michael Studios, Raapchik Pictures, Lin Pictures Dougherty Films Banner: Legendary Entertainment, Wanda Qingdao Studios, Warner Bros.