IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon: November 11 th, 2013
81 657 193 215 192 165 201 235 230 293 301 942 440 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
113 104 124 118 125 218 193 233 256 1,725 1,755 288 845 864 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%
329 299 383 362 384 660 621 662 2,526 801 5,181 908 5,915 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
1,063 3,186 1,120 2,526 845 864 4,069 660 3,161 218 256 908 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% 800 34% 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% 600 22% 0 20% 400 20% 9M13 9M13
Q13 QUATERLY BRIEFING The Revenue Review : Cinema (Con t) Screens 398 409 124 124 125 125 449 165 +40 YoY Digital Screens +186 YoY 393 393 UPC BKK UPC BKK 274 274 284 284 284 Series1 Series1 208 208 207 207 Y12 Y12 9M13 Y12 Y12 9M13 9M13 9M13
Q13 QUATERLY BRIEFING The Revenue Review : Cinema(Con t) 40.0 35.0 40.0 35.030.0 30.025.0 25.020.0 20.0 15.0 15.0 10.0 10.0 5.0 5.0 0.0 0.0 141 144 143 141 144 143 24.8 24.8 18.2 18.2 23.3 23.3 Y12 9M13 Y12 9M13 Guest Counts & ATP 160 160 140 160 140 120 140 120 100 120 100 80 100 80 80 60 60 60 40 40 40 20 20 20 0 0 0 151 146 5.8 6.2 20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0 9M13 9M13
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
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
660 660 914 914 908 908 QUATERLY BRIEFING 1,500 1,300 1,100 900 900 Concession 35% 35% Revenue & % Con-To-Box 30.0% 30.0% 28% 28% 27.0% 27.0% 500 30% 30% 450 400 25% 25% 350 300 20% 20% 30% 27% The Revenue Review : Cinema(Con t) 40% 35% 30% 25% 700 700 500 500 300 300 15% 15% 10% 10% 250 200 150 100 218 256 20% 15% 10% 100 100 5% 5% 50 5% 0 0% -100-100 Y12 Y12 9M13 0% 0% 9M13
589 777 589 224 285 777 Q13 QUATERLY BRIEFING The Revenue Review : Advertising 1,300 1,100 900 700 500 Advertising revenue 90% & % Gross margin 500 88% 450 84% 621 86% 87% 84% 100% 90% 86% 400 80% 801 +29% 84% 350 1,300 90% +23% 70% YOY 82% 80% 78% 300 1,100 250 200 900 233 84% 288 86% 88% 60% 86% 50% 84% 40% YOY 300 76% 150 700 30% 82% TalentOne 100 (100) 9M13 74% 72% 100 50 500-9M13 300 9M13 70% 3M12 3M13 20% 80% 10% 78% 0% 76% MPIC CineAd %GM
Q13 QUATERLY BRIEFING The Revenue Review Bowling Retail 500 450 400 350 300 250 200 150 100 50 0 35% 33% 329 299 40% 35% 200 30% 180-9%yoy 160 25% 140 20% 120 40% 34% 20% 16% 124 118 250-10% 100 100 15% 113 20% 104 80 200 80 15% -20% 10% 60 150 60 10% -30% 40 100 40 5% 5% -40% 9M13 20 50 9M13 20 30% 200 180 20% 160 10% 140 0% 120 0% 0 0% 0-50% 0 Core Bowling 9M13 revenue & % Gross margin 40% 35% 30% -8%yoy 25% 500 450 400 350 300 21% 17% 383 362-5%yoy Core Retail 9M13 revenue & % Gross margin 30% 20% 10% -5%yoy 0% -10% -20% -30% -40% -50%
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% 3.13 2,052 974 1,078 MJLF 33.0% 10.00 1,372 1,089 283 MPIC 91.4% 1.83 1,563 1,101 462 5,354 PVRL 6.4% 77.34 809 198 611 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
IFESTYLE Quarterly Briefing ROWTH POTENTIALS
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 +7 +22 361 383 +30 413 +77 +107 ~490 ~600 +400 ~1,000 2010 2011 2012 ~2013 ~2015 ~2020 Urbanization is a high potential growth Expansion plan compare with BKK and UPC UPC 80 BKK 70 48 56 49 53 40 25 26 21 91 58 28 28 30 30 32 33 * Information as of Nov 7,2013
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.
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
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
International Project India: PVR Cinemas Currently, PVR cinemas has got 398 screens in 38 cities and will be reach by 500 screens by year 2015. Major hold 6.4% of PVR Cinemas (PVRL) PVR Cinemas is now India's Largest Multiplex Chain.
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 2013-2014.
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 2014. Other Opportunities in South East Asia: - Cambodia, Vietnam are the first target. - JV with strong local partner. - Conditions must be reasonable
IFESTYLE MAJOR CINEPLEX GROUP PLC. Thank You