Analyst Meeting 3Q05 15 November 2005
Cinema Business Revenue (Million baht) 800 700 600 500 400 300 200 100 443 616 673 +65 %YOY 733 0 3Q 04 1Q 05 2Q 05 3Q 05 1Q05 2Q05 3Q05 4Q05 Luang-Pee-Teng 140 Kungfu Hustle 74 Constantine 60 Bupparatree 2 50 Jom-Kamang-Wate 40 Mr.& Mrs.Smith 86 Star Wars III 85 Batman Begin 47 Kingdom of 42 Heaven Hitch 34 Toom-Yum-Goong 201 Yam-Yasothron 108 Fantastic 4 74 War of the world 72 Pa-Yak-Rai-Sai-Na 69 Harry Potter IV King Kong The Chronicles Of Narnia Aeon Flux Variety-Pee-Cha-Lui 233 screens 247 screens 252 screens 258 screens 1
Promotion Campaign 2
Promotion Campaign Movie Point Plus 3
New Releases King Kong 4
2006 Movie line up Thai Khao-Niaw-Mu-Ping Chai-Lai Kra-Sue-Valentine Nong-Teng-Nak-Leng-Phu-Khao-Tong Dek-Hor Nu-Hin-Inter Na-Re-Suan Foreign Superman Return Mission Impossible III X Men III Final Destination III Pirates of The Carribian II Eragon Underworld II Poseidon 5
Additional screens 2Q05 3Q05 4Q05 1Q06 Fashion Island Ubonratchathani Petchakasem Samui 4 screens 5 screens 6 screens 4 screens Pinklao 5 screens Siam Paragon 16 screens Pitsanulok 4 screens Changwatana Hua -Hin Aomyai 5 screens 4 screens (E-cinema) 5 screens Total screens 247 Total screens 252 Total screens 279 Total screens 291 6
Siam Paragon Most Creative design ever 16 Screens including 1 IMAX and 38 Bowling lanes New flagship of Thailand cinema Ultimate entertainment complex in the ultimate shopping center Sponsorships keep pouring in 7
Changwatana 8
Esplanade Ratchada 9
Bowling & Karaoke 160 Revenue (Million baht) 140 120 100 80 60 40 79 108 118 +70 %YOY 134 20 0 3Q04 1Q05 2Q05 3Q05 1Q05 2Q05 3Q05 4Q05 U-hit Day Buffet Hit Orange Bowl Lady League Tuesday Lady Hit Hit Card&Oke card Thailand University 7 Day Night Life Smart Hit Day Morning Hit Challenge 2005 Hit Hunt 1 Hour Sport Family Time Midnight Hit 10
Promotion Campaign 11
Promotion Campaign 12
Promotion Campaign 13
Additional lanes 2Q05 3Q05 4Q05 1Q06 Aomyai Petchakasem Samui 12 lanes 12 lanes 12 lanes Siam Paragon Pitsanulok Fashion Island 38 lanes 8 lanes 16 lanes Changwatana Hua-Hin 16 lanes 10 lanes (Closed Debowl) 20 lanes Total lanes 368 Total lanes 368 Total lanes 414 Total lanes 444 14
Rentals & Services 80 Revenue (Million baht) 75 70 65 66 76 73 +9 %YOY 72 60 3Q 04 1Q 05 2Q 05 3Q 05 1Q05 2Q05 3Q05 23,416 sq,m 96% occupancy 23,639 sq,m 98% occupancy 25,111 sq,m 92% occupancy 15
Media Business Revenue (Million baht) 180 160 140 120 100 80 60 40 20 0 169 137 143 +134 %YOY 61 3Q04 1Q05 2Q05 3Q05 1Q05 2Q05 3Q05 28 locations 29 locations 30 locations 16
California WOW Xperience 2Q05 3Q05 4Q05 1Q06 Siam Paragon Silom Ratchayothin Siam Paragon Started pre-sale Jasmine 23 Chaengwattana in May Pinklao Total 3 clubs Total 4 clubs Total 6 clubs Membership Q-end Membership Q-end Chaengwattana 43,586 46,414 Started pre-sale 19.6MB Net profit 20.88 MB Net profit IPO-List on the SET 17
California WOW Xperience Pre-IPO Post-IPO Mr.Levine s Group Major Cineplex IPO Major Cineplex 51% 49% 25% 36.75% 38.25% Mr.Levine s Group Registered Capital = 200 MB Paid-up Capital = 150 MB Registered Capital = 200 MB Paid-up Capital = 200 MB 18
California WOW Xperience IPO Price Major s s cost ROI Financial return 6.00 Baht/share 2.48 Baht/share 141% (in 2 years periods) 259 MN. (73.5 million shares) 19
Siam Future Development 2Q05 3Q05 4Q05 2006 Petchkasem Pattaya Piyarom Ratchadaphisek Ekamai soi 8 Changwatana Paholyothin Thonglor 13 28 projects 30 projects 100,760 sqm GLA 175,910 sqm GLA 18.1MB Net profit 3.13 MB Net profit 20
PMEG 1Q05 2Q05 3Q05 4Q05 Bourne Supremacy Closer Mission Impossible War of the worlds Anacondas 2 Friday Night Lights Mission Impossible II Sex in the city The Terminal Bridget Jones 2 Days of Thunder Star Trex Wimbledon Meet the Fockers Vanilla Sky Friday the 13th Shark Tale Spanglish Alfie Total 114 Releases Total 123 Releases Total 109 Releases Total ~120 Releases Earn license of Paramount Pictures in June 11.5MB Net profit -26.6MB Net profit 9.97 MB Net profit 21
Performance Contribution Net Profit Contribution: Unit: Million Baht 3Q05 Major Siam Future California WOW PMEG 138.2 0.8 10.2 8.0 Total Net Profit 157.2 22
3Q05 Performance 23
Balance Sheet Cash Other CA Other Non CA LT investment Property & equipment-net Assets (MB.) N Current Liab Long term debt Liabilities & Equity (MB.) 3Q05 3Q04 3Q05 3Q04 190 (3%) 324 (5%) 862 (13%) 588 (9%) Current Liab 2,398 (35%) 2,316 (36%) 987 (14%) 914 (14%) 446 (6%) 4,396 (64%) 454 (7%) 4,228 (65%) Equity 408 (6%) 1,277 (19%) 1,224 (19%) 2,782 (40%) 394 (6%) 2,527 (39%) 1 2 1 2 3Q05 3Q04 Net interest-bearing D/E (time) 0.80 0.76 24
Performance 1,500 1,233 +86% 3Q05 3Q04 1,000 +96% 662 500 504 458 258 157 - Sales Gross profit EBITDA Net profit -500-1,000-642 -750 25
Profitability 60% 40% 20% 40% 38% 38% 13% 3Q05 3Q04 0% -20% Gross margin EBITDA margin Net margin -40% -60% -80% -100% -120% -99% -117% -140% 26
Revenue Contribution Advertising 12% Film distribution 10% Other income 1% Advertising Rental & 9% Services 10% Other income 2% Rental & Services 6% Cinema 60% Bowling 12% Cinema 67% Bowling 11% 3Q05 Total Revenue 1,233 MB, +86%YOY 3Q04 Total Revenue 662 MB 27
Core business revenue 800 700 739 +67% 3Q05 3Q04 600 500 443 400 300 200 134 +69% +9% +134% 143 129 100 79 72 66 61 0 Cinema Bowling&Karaoke Rental&Service Advertising Film Distribution 28
Gross Margin 100% 90% 95% 95% 3Q05 3Q04 80% 70% 60% 50% 40% 30% 33% 31% 35% 43% 25% 24% 37% 20% 10% 0% Cinema Bowling&Karaoke Rental&Service Advertising Film Distribution 29
2006 Investment Siam Paragon (Remaining Amount) ~ 300 MB. Esplanade ~ 300 MB. Changwatana Pitsanuloke Hua Hin Samui Total ~ 50 MB. ~ 40 MB. ~ 40 MB. ~ 30 MB. ~ 760 MB. 30
Q&A 31
Thank YOU 32