entertainment Quarterly Briefing 3Q13 MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon: November 11 th, 2013

Transcription

1 IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon: November 11 th, 2013

2 Q13 QUATERLY BRIEFING The Bottom Line Trend Bt.million Net profit +43%YoY Slightly better compare with last year but limited by the number of films. +5% YoY 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 4Q12 1Q13 2Q13 9M13 Total 822MB Total 942MB

3 ,725 1, Q13 QUATERLY BRIEFING The Revenue breakdown Bt.million Revenue +2%YoY Cinema +2% Cinema, Concession and Advertising are driving to core business. Advertising Concession +23% +17% Bowling group -8% Retails -5% Film Distribution -35%

4 , , ,915 3,161 Q13 QUATERLY BRIEFING 9M13 :The Revenue breakdown Bt.million Revenue +14%YoY Cinema +25% Cinema, Concession and Advertising have a strong growth. Concession +38% Advertising +29% Bowling group -9% Retails -5% Film Distribution -42% 9M13 9M13 9M13 9M13 9M13 9M13 9M13

5 1,063 3,186 1,120 2, , , Q13 QUATERLY BRIEFING The Revenue Review : Cinema Cinema Group +28% YOY 3,186 4,069 Cinema Group +5% YOY 1,063 1,120 5,000 4,000 3,000 2,000 28% 31% 2,400 32% 1,800 1,600 30% 1,400 28% 1,200 26% 24% % Cinema 7,000 revenue & 2,200 % Gross margin 34% 2,000 32% 6,000 1,000 26% 26% 30% 28% 26% 24% 1,000 22% % 0 20% % 9M13 9M13

6 Q13 QUATERLY BRIEFING The Revenue Review : Cinema (Con t) Screens YoY Digital Screens +186 YoY UPC BKK UPC BKK Series1 Series Y12 Y12 9M13 Y12 Y12 9M13 9M13 9M13

7 Q13 QUATERLY BRIEFING The Revenue Review : Cinema(Con t) Y12 9M13 Y12 9M13 Guest Counts & ATP M13 9M13

8 Q13 QUATERLY BRIEFING The Revenue Review : Cinema(Con t) Movie Breakdown between Hollywood & Thai (by %) 75% 72% 70% Hollywood & Other Thai 25% 28% 30% 9M13 Y12 9M13

9 Q13 QUATERLY BRIEFING The Revenue Review : Cinema(Con t) 120% Revenue Breakdown by % 100% 80% 60% 40% 20% 27% 29% 33% 73% 71% 67% UPC BKK 0% Y12 9M13 9M13 3M12 3M13

10 QUATERLY BRIEFING 1,500 1,300 1, Concession 35% 35% Revenue & % Con-To-Box 30.0% 30.0% 28% 28% 27.0% 27.0% % 30% % 25% % 20% 30% 27% The Revenue Review : Cinema(Con t) 40% 35% 30% 25% % 15% 10% 10% % 15% 10% % 5% 50 5% 0 0% Y12 Y12 9M13 0% 0% 9M13

11 Q13 QUATERLY BRIEFING The Revenue Review : Advertising 1,300 1, Advertising revenue 90% & % Gross margin % % % 87% 84% 100% 90% 86% % % 84% 350 1,300 90% +23% 70% YOY 82% 80% 78% 300 1, % % 88% 60% 86% 50% 84% 40% YOY % % 82% TalentOne 100 (100) 9M13 74% 72% M M13 70% 3M12 3M13 20% 80% 10% 78% 0% 76% MPIC CineAd %GM

12 Q13 QUATERLY BRIEFING The Revenue Review Bowling Retail % 33% % 35% % 180-9%yoy % % % 34% 20% 16% % % % % -20% 10% % -30% % 5% -40% 9M M % % % 140 0% 120 0% 0 0% 0-50% 0 Core Bowling 9M13 revenue & % Gross margin 40% 35% 30% -8%yoy 25% % 17% %yoy Core Retail 9M13 revenue & % Gross margin 30% 20% 10% -5%yoy 0% -10% -20% -30% -40% -50%

13 ASSETS Q13 QUATERLY BRIEFING Investments Portfolio vs. Interest-bearing debts Investments %Share Investment portfolio as of Nov 6,2013: 91.4% in M Pictures Entertainment Plc. (MPIC) 23.6% in Siam Future Development Plc. (SF) 33% in Major Cineplex Lifestyle Leasehold Property Fund (MJLF) 40% in ThaiTicketMajor Co., Ltd. 6.4% in PVR Limited (PVRL) 49% in PVR blu-o Entertainment Limited 50% in K-Arena Cost per Share Market value* Major's Cost 11,392 Bt.million Gain(Loss) Siam Future 23.6% , ,078 MJLF 33.0% ,372 1, MPIC 91.4% ,563 1, ,354 PVRL 6.4% Total 5,795 3,362 2,434 *Closing price on Nov 6,2013 image part with relationship ID rid2 was not found in the file. 12,598 Sep 30,13 EQUITY LIABILITIES 6,707 6,038 5,891 Bt.million Interest-bearing debts Bank OD & ST loans 1,583 CP of LT borrowings 203 LT borrowings 747 Debentures 1,800 Total 4,333

14 IFESTYLE Quarterly Briefing ROWTH POTENTIALS

15 Major Cineplex s Expansion Trend Major continues to expand more especially in provincial area which is high potential growth. Major has presented in only 30 out of 77 provinces. Screens expansion supporting cinema s revenue growth Location No. of Screens / Locations ~490 ~ ~1, ~2013 ~2015 ~2020 Urbanization is a high potential growth Expansion plan compare with BKK and UPC UPC 80 BKK * Information as of Nov 7,2013

16 Big Movie 2014 FY14 Blockbuster Highlight Year 2014 I, Frankenstein Robopocalypse Need for Speed Captain America: The Winter Soldier Transcendence The Amazing Spider-Man 2 Godzilla X-Men: Days of future past Ninja Turtles Transformer 4 Maleficent Fast And Furious 7 Dawn of the planet of the apes Hercules: The Thracian Wars Guardians of The Galaxy Resident Evil 6 The Hunger Games: Mockingjay, Part 1 The Hobbit: There and Back Again Minions Veronica Mars *Please note that release dates are subject to change.

17 GROWTH POTENTIALS We are the only movie theaters in the world which collected customer database. Also adding value by using social media such as Online E-ticketing, Facebook, Twitter, Line, Mobile application, etc. Ratio M Gen Card : Regular & Student Total 2,131,248 members (As of Nov6 13) Major Movie plus Application 2,500,000 Members (Andriod, IOS, Blackberry, Window 8) Student 56.1% Regular 43.9% 17

18 GROWTH POTENTIALS Major Group: 1,200,000 Members Major is expert in online and interesting in online media. Major Friends: 6,000,000 Members Instagram: 33,000 Members Twitter Major Group: 550,000 Followers 18

19 International Project India: PVR Cinemas Currently, PVR cinemas has got 398 screens in 38 cities and will be reach by 500 screens by year Major hold 6.4% of PVR Cinemas (PVRL) PVR Cinemas is now India's Largest Multiplex Chain.

20 International Project India: PVR BluO Currently, PVR BluO has got 110 Bowling lanes in 5 Locations and 78 Bowling lanes will be added in year

21 International Project Cambodia & Other Countries Cambodia: Major is partnering Japan's Aeon Mall to operate a cinema complex in Cambodia's capital with 7 screens with 1,400 seats and 14 bowling lanes. The investment of 150 million baht will be made through a holding company of Major's international joint venture with a local firm. This project will be finished in mid of year Other Opportunities in South East Asia: - Cambodia, Vietnam are the first target. - JV with strong local partner. - Conditions must be reasonable

22 IFESTYLE MAJOR CINEPLEX GROUP PLC. Thank You