entertainment entertainment YEARLY Briefing FY11 MAJOR CINEPLEX GROUP PLC. Paragon Cineplex, Siam Paragon Feb 17, 2012

Transcription

1 IFESTYLE YEARLY Briefing MAJOR CINEPLEX GROUP PLC. Paragon Cineplex, Siam Paragon Feb 17, 2012

2 contents The Bottom Line Financial Review Review of Revenue, Net profit B/S snapshot Growth Potentials 2

3 The Bottom Line Net profit % Net core profit * +10% 782 Healthier profit from the core business 10% net core profit growth YoY Accelerating growth in profitability Still grew up in 4Q11 despite flood impact 1Q10 1Q10 1Q11 1Q11 2Q10 2Q11 3Q10 3Q11 4Q10 4Q11 2Q10 2Q11 3Q10 3Q11 4Q10 4Q11 Net Profit 3 FY10 *Gain from Financial lease

4 ,922 6,730 3,402 4,206 Financial Review Cinema group +24% Positive momentum from key business Core Revenues +14% 14% revenue growth YoY Dynamic growth though impeded by flood in 4Q11 Cinema, Advertising and Rental gear the business forward Advertising +10% Bowling group -6% Core Rental &services +6% film distribution -7% FY10 FY10 FY10 FY10 FY10 FY10 4

5 5,922 2,772 6, , Financial Review : Cinema Core Revenues +14% Cinema group +24% Concessions +29% GBO +22% Hugh Revenue Growth Healthier revenue from QoQ and YoY Set up new height in Cinema Standard Crisis Management secured a growth in 4Q11 though the flood %cinema group sales margins 4Q10 1Q11 2Q11 3Q11 4Q11 Cinema revenues FY10 FY10 5

6 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 5,922 2,772 6, , Financial Review : Cinema (Con t) Core Revenues +14% Cinema group +24% Driving toward best-in-class ATP and Admission growth drive business Digital Cinema strengthen up ATP ATP & Admission FY10 FY10 6

7 5,922 2,772 6, , Financial Review : Cinema (Con t) Core Revenues +14% Cinema group +24% Strength in Core Products Strong line-up i.e. Transformer3, HP7.2 and Naresuan4 FY GBO F/H 54.0% 50.0% 50.0% 50.0% 50.0% GuanMuenHo Twilig3 Resident Evil4 SingLekLek Tukky GBO F/H 53.0% 55.0% 52.5% 52.9% 55.0% 55.0% 50.0% 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% % Tran3 Naresuan3 HP7.2 Fast5 Naresuan FY10 FY10 Cinema revenues 7

8 ,922 6,730 Financial Review : Advertising Core Revenues +14% Advertising +10% Continuous growth in Advertising Increase in both Core Ads and Mpic Better performance despite difficult environment (2Q11: Tsunami in Japan, 4Q11: Flood) Core Advertising +12% YoY FY10 FY10 0 3Q10 4Q10 1Q11 2Q11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Core advertising services income 8

9 ,922 6,730 Financial Review : Bowling Flood impact slowed business revival Core Revenues +14% Better performance in 2Q11 and 3Q11 Environment difficulty impeded business growth in 4Q11 Bowling group -6% %bowling group sales margins 35% 32% 33% 33% 30% 31% 34% % 91 45% 40% 35% 30% 25% 20% 15% 10% 5% 0 0% 1Q10 3Q10 2Q10 4Q10 3Q10 4Q101Q11 1Q11 2Q11 3Q11 4Q11 3Q10 FY10 FY10 Bowling & Karaoke revenues 9

10 ,922 F/L ,730 Financial Review : Rental & Service Core Revenues +14% Full occupancy in Metropolis drove up revenue Strength from the core business Full Metropolis occupancy in late 3Q Core Rental &services +6% Q10 FY10 0 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 3Q10 4Q10 1Q11 2Q11 Core rental & services income FY10 10

11 ASSETS EQUITY ASSETS EQUITY LIABILITIES LIABILITIES B/S Snapshot Dec 31, 10 Dec 31, 11 %chg Assets 11,020 10,988 0% Liabilities 5,347 4,931-8% Equity 5,674 6,056 7% Dec 31, 10 Dec 31, 11 11,020 5,347 10,988 4,931 5,674 6,056 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Liabilities decreased comparing vs. YE10 Debts repaid Net interest-bearing debts Equity Net D/E Net interest-bearing debts Equity Net D/E 18, , , , , ,000 6, , ,000 End YE09 YE10 YE11 2Q11 YE05 0 YE06 YE07 YE08 YE09 YE10 End Q (0.10) (0.30) (0.50) 11

12 ASSETS ASSETS Investments Portfolio vs. Interest-bearing debts Investments %Shareholding Market value* MJLF 33.0% 1,263 Siam Future 24.4% 1,831 MPIC 66.1% 686 PVRL 9.9% 216 Total 3,997 *Closing price on Feb 15,2012 DEC31, 11 11,020 5,347 10,988 4,931 Interest-bearing debts YE11 Bank OD & ST loans 473 CP of LT borrowings 1,546 LT borrowings 167 Debentures 800 Total 2,987 Investment portfolio as of 14 th Feb 12: 5,674 66% in M Pictures Entertainment Plc. (MPIC) 24% in Siam Future Development Plc. (SF) 33% in Major Cineplex Lifestyle Leasehold Property Fund (MJLF) 40% in ThaiTicketMajor Co., Ltd. 45% in Major Kantana Broadcasting Co., Ltd. 9.9% in PVR Limited (PVRL) 49% in PVR blu-o Entertainment Limited EQUITY LIABILITIES 6,056 12

13 IFESTYLE YEARLY Briefing GROWTH POTENTIALS

14 Y11 ROWTH YEARLY BRIEFING POTENTIALS LIFESTYLE FY12 Strategic Focus More focus on optimizing returns from existing assets, given the solid film line-up and Major s increased market penetration Cautious expansion, focusing on prime new locations Increase number of digital theaters to eventually replace film Driving same store growth for higher revenues and yields Focus on optimizing multi-tier pricing Increase cinema occupancy Improve ticketing convenience to both increase customer satisfaction and encourage pre-bookings i.e. Counter Service Maximize M-Gen campaign to increase customer loyalty and communications to customers Increase quality of Digital theatres and maximize 3D films to increase ATP Further expansion into India while exploring other International markets 14

15 Y11 ROWTH YEARLY BRIEFING POTENTIALS LIFESTYLE FY12 Films line-up 1Q12 2Q12 3Q12 4Q12 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Django Unchained Life of Pi Monster Inc. 2 World War Z Rise of the Guardians The Twilight Saga: Breaking Dawn Part II James Bond 23 Halloween 3D The Big Wedding Kill Bin Laden The Texas Chainsaw Massacre 3D Argo Ted Resident Evil: Retribution The Expendables 2 Brave Total Recall The Bourne Legacy The Dark Knight Rises Ice Age: Continental Drift The Amazing Spider-Man G.I. Joe: Retaliation Jack the Giant Killer Madagascar 3 Men in Black III Dark Shadows The Avengers ร กล นเหล อ (M39) Battleship King Naresuan 5 ย ทธห ตถ Titanic (3D) Crash of the Titans(3D) 7th anniversary GTH Hugo Cabret (3D) I Miss You (M39) Ghostrider : Spirit of Vengence วาเลนไทน สว ทต (M39) Star Wars : Episode I - The Phantom Menace (3D) Journey 2 : The Mysterious Island ป ญญาเรณ 2 Underworld: Awakening Red Tails Haywire ATM เออร กเออเร อ ร กเว ยเฮ ย Dragon Gate Selected films only,subject to change

16 Y11 ROWTH YEARLY BRIEFING POTENTIALS LIFESTYLE Capacities As of Feb 2012 FY10 FY12 Screens BKK & Vicinity IKEA 16 Bangkae 10 TBA 5 Provincial Ubonratchathani 2 Additional screens Bangna 1 Additional screens Udonthanee 4 Additional screens TBA 15 Lanes BKK & Vicinity IKEA 24 Bangkae 16 Provincial International 24 Vasant Kunj 26 Bangalore 60 Pune 36 Mumbai 12 Raja Garden 22 Chandigarh 26

17 Y11 ROWTH YEARLY BRIEFING POTENTIALS LIFESTYLE M Generation Ratio M Gen Card : Regular & Student Student 50.3% Regular 49.7% Total 1,306,205 members Loyalty card to customers 4.7 Customer insights & Direct marketing channel for MAJOR to drive same-store growth 0.5 As of Feb 15 th 12 17

18 Thank You IFESTYLE YEARLY Briefing MAJOR CINEPLEX GROUP PLC.