UFO Moviez India Limited has informed the Exchange about Investor Presentation
July 31, 2023
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Fax: 022 – 2272 3121 BSE Scrip Code: 539141
Dear Sir/ Ma’am,
Sub: Investor Presentation
To, National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Fax : 022- 2659 8237/ 38 NSE Symbol: UFO
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith presentation on Investors / analysts on the financial performance of the Company for financial results of the Company for the quarter ended June 30, 2023.
Request you to take it on record and disseminate it on your website.
Thanking you.
Yours faithfully, For UFO Moviez India Limited
Kavita Thadeshwar Company Secretary
Encl.: a/a
UFO MOVIEZ INDIA LIMITED: VALUABLE TECHNO PARK, PLOT 53/1, ROAD 07, MIDC, ANDHERI (E), MUMBAI 400 093 T: +91 022 4030 5060
E: CORPORATE@UFOMOVIEZ.COM CORPORATE IDENTITY NUMBER: L22120MH2004PLC285453 WWW.UFOMOVIEZ.COM
GST IN: 27AABCV8900E1ZF
Q1FY24
Results Presentation
Safe Harbour
The presentation has been prepared by UFO Moviez India Limited together with its subsidiaries (the “Company”), for informational purpose only and does not constitute or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the Company in any jurisdiction, nor should this presentation or any part thereof form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever.
This presentation has not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in the presentation. None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed.
This presentation, except for the historical information, may contain forward looking statements, including the words or phrases such as “expects”, “anticipates”, “intends”, “will”, “would”, “undertakes”, “aims”, “estimates”, “contemplates”, “seeks to”, “objective”, “goal”, “projects”, “should” and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof.
The Company has prepared Financial Results based on the Indian Accounting Standards (Ind AS) and has reported and analyzed these results on a consolidated basis in this presentation.
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UFO Moviez at a Glance
3,234 High Impact Ad Screens
1,181 Cities & Towns Across India
581 Movies Digitally Delivered in Q1FY24
Power to Impact upto 1.7 billion Viewers Annually
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UFO’s Core Offerings
Cinema Value Chain
UFO’s Offering
Advantage
Revenue Stream
Producer
Distributor
Exhibitor
Content Digitization
Satellite or Physical Delivery of Content
Cinema Equipment for Movie Playout
Cost & Time Arbitrage
Digitization Fee
Content Delivery Charges & VPF Service Revenue
Fixed Rental / Sale of Equipment and Consumables
Audience
Excellent Viewing Experience
Advertisers
UFO has acquired long term rights over the Theaters Advertisement inventory and shares a portion of the Advertisement revenues with Exhibitors
UFO’s In Cinema Advertising Platform
4
Financial & Operating Highlights
Consolidated Financial Highlights Q-o-Q
Q1FY24 vs Q4FY23 (INR Mn)
Total Revenue
EBITDA
884
163
853
-3%
115
42%
Q1FY24
Q4FY23
Q1FY24
Q4FY23
PBT
634%
36
Q1FY24
-7
Q4FY23
PAT
316%
25
Q1FY24
-12
Q4FY23
6
Consolidated Financial Highlights Y-o-Y
Q1FY24 vs Q1FY23 (INR Mn)
Total Revenue
EBITDA
906
853
-6%
163
98
67%
Q1FY24
Q1FY23
Q1FY24
Q1FY23
PBT
232%
-27
Q1FY23
36
Q1FY24
PAT
25
Q1FY24
201%
-26
Q1FY23
7
Consolidated Revenue Mix
Q1FY24
Q4FY23
Q1FY23
(INR Mn)
235 28%
318 37%
849
297 35%
350 40%
248 28%
878
281 32%
340 38%
178 20%
900
382 42%
Advertisement Revenue
Distributor Revenue
Exhibitor Revenue
(INR Mn)
Advertisement Revenue (i)
- In-Cinema Advertisement Revenue
- Corporate + Retail - Government + PSU
- Caravan Advertisement Revenue Revenue from Distributor (ii) Content Delivery Charge VPF Service Revenue Digitisation Income Others Revenue from Exhibitor (iii) Lease rental income Total Sales of Products Other Operating Revenues Revenue from Operations (i+ii+iii)
Note: Excludes Other Income
Q1FY24 Q4FY23
QoQ %
Change
Q1FY23
YoY %
Change
235 218 180 38 16 297 206 42 47 2 318 143 143 33 849
248 246 173 73 2 281 186 47 45 3 350 133 138 78 878
-5% -11% 4% -48%
6% 11% -10% 4% -39% -9% 7% 3% -58% -3%
178 176 151 25 2 382 221 63 54 44 340 138 155 47 900
32% 24% 19% 52%
-22% -7% -33% -13%
-6% 3% -8% -31% -6%
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In-Cinema Advertising Performance
In-Cinema Advertisement Operating Parameter
Number of Screens
Prime Screens
Popular Screens
Full House Seating Capacity - Annualized
3,234
1,957
1,277
~1.7 Bn
Q1FY24
Metro and Tier I
Other Cities and Towns
Prime
Popular
Prime
Popular
# of UFO Screens
Cities and Towns
842
127
235
100
1,115
1,042
426
781
Full House Seating Capacity – Per Show All Screens
264,463
126,759
314,454
463,068
Seating Capacity Per Screen Per Show
**Full House Seating Capacity Annualised (in Mn Seats)
314
381
539
183
282
453
444
667
**Cities and Towns with population greater than 1.5 Mn are categorized as “Metro and Tier I” Full house seating capacity – Annualised is calculated by multiplying full house seating capacity per show x 4 shows a day x 30 days x 12 months
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In-Cinema Advertisement Revenue Analysis
Government + PSU
Corporate + Retail
218
82%
18%
Q1FY24
246
70%
30%
Q4FY23
INR Mn
176
86%
14%
Q1FY23
Ad Revenue / Screen for the period (Avg) (Rs.)
66,293
72,996
50,510
Q1FY24
Q4FY23
Q1FY23
Average # of minutes sold / show / Ad Screen
4.23
4.60
2.80
Advertisement Sharing with Exhibitors
48.15%
51.08%
50.63%
Average # of minutes sold / show / Ad Screen is calculated by dividing total # of advertisement minutes sold by average # of Screens with Ad Rights during the period Average # of Advertising Screens = (Sum of # of Opening Advertisement Screens and # of Closing Advertisement Screens) / 2
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Theatrical Revenues
Theatrical revenues from Distributors
Revenue (INR Mn)
Revenue (INR Mn)
Content Delivery Charges
206
186
206
221
Q1FY24
Q4FY23
Q1FY24
Q1FY23
VPF Service Revenue
Revenue (INR Mn)
Revenue (INR Mn)
42
16
47
15
42
16
63
19
Q1FY24
Q4FY23
Q1FY24
Q1FY23
Gross Revenue
Net Revenue
Gross Revenue
Net Revenue
Net Revenue = Gross Revenue less Revenue Shared to the Exhibitors
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Operating Parameter – Distributor Revenue
# of Screens*
CDC Category Screens
Q1FY24
Q4FY23
Q1FY23
2,983
2,994
3,175
VPF Category Screens
346
333
1,797
Total
3,329
3,327
4,972
# of Screens as on June 30, 2023
Revenue / Screen (Average) (INR)
Q1FY24
Q4FY23
Q1FY23
CDC Category Screens
68,798
61,439
68,817
VPF Category Screens – Gross
1,23,998
1,37,625
35,484
VPF Category Screens – Net
46,463
44,898
10,847
*Includes franchisee screens
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Financial Performance
Consolidated Reported P&L Statement
(INR Mn)
Q1FY24 Q4FY23 % Change
Q1FY23 % Change
Revenue from Operations
849
879
-3%
900
-6%
Other Income
Total Revenue
Total Expenses
EBITDA
Depreciation and Amortisation
EBIT
Finance Cost
Finance Income
Profit from Associates
PBT
Tax
PAT
4
853
690
163
110
53
-36
9
10
36
11
25
6
-20%
5
-17%
885
769
115
126
-11
-25
17
12
-7
5
-4%
-10%
42%
-13%
-581%
47%
-46%
-17%
-626%
118%
-12
-308%
906
808
98
-6%
-15%
67%
-127
-187%
-29
-26
10
19
-27
-2
-25
-283%
40%
-11%
-46%
33%
425%
0%
Basic EPS
0.66
-0.31
-313%
-0.81
-19%
Ind AS 116 impact on P&L - certain operating lease expense (Q1FY24 - Rs. 19.98 Mn) is recognised as Depreciation expense for the right of use assets (Q1FY24 - Rs. 15.93 Mn) and Finance Cost for interest accrued on lease liability (Q1FY24 - Rs. 5.9Mn).
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Consolidated Expenditure Analysis
Expenses as a % of Total Revenue
Q1FY24 Q4FY23 Q1FY23
1) Total Operating Direct Cost
39.94% 41.40% 41.70%
Key Operating Direct Cost Components
- Advertisement revenue share payment
12.31% 14.25% 9.90%
- VPF service revenue share
3.09%
3.62%
4.86%
- Purchase of Equipment, Lamps and Spares
13.47% 12.53% 12.70%
- Others
11.08% 11.00% 14.24%
2) Employee Benefit Expenses
22.45% 24.66% 28.20%
3) Other Expenses (SG&A )
18.53% 21.04% 19.30%
Total Expenses
EBITDA Margin
80.92% 87.10% 89.20%
19.12% 12.98% 10.79%
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Annexure
Historical Advertisement Performance
Advertisement Revenues (INR Mn)
2,372
2,136
1,790
1,578
1,547
1,167
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
FY23
Severely Impacted due to the COVID-19 pandemic.
755
151
25
19
Historical In-Cinema Advertising Performance
Government + PSU
Corporate + Retail
2,047
2,131
INR Mn
43%
47%
1,481
66%
740
1,578
1,792
47%
53%
44%
56%
1,167
46%
54%
FY15
FY16
FY17
FY18
FY19
FY20
57%
53%
34%
66%
34%
FY23
# of Screens with Ad Rights
3,784
3,713
3,745
3,897
3,697
3,792
3,348
Annual Ad Revenue / Screen (Avg) (INR)
316,346
410,275
474,597
535,847
561,102
395,524
216,702
# of Minutes Sold / Show / Ad Screen
3.36
4.15
4.34
5.19
5.54
4.16
3.06
Ad Sharing with Exhibitors
33.76% 30.66% 29.14% 31.75% 32.44% 36.41% 60.13%
*Excludes Advertisement Revenues from Caravan Talkies # of minutes sold / show / Ad Screen is calculated by dividing total # of advertisement minutes sold by average # of advertisement screens during the period Average # of Advertising Screens = ( Sum of # of Opening Advertisement Screens and # of Closing Advertisement Screens) / 2
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Shareholding
(% of Total # of shares)
Promoters
June 30, 2023
22.61%
Institutional Investors
24.52%
Foreign Portfolio Investors
0.75%
Corporate Bodies
Others
4.22%
47.89%
Total # of Shares
3,83,32,349
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About UFO Moviez India Limited
UFO is the first one, to enable cinema digitization with satellite technology in India. That also makes UFO the largest in- cinema advertising platform, with the power to impact almost 1.7 billion viewers annually through 3,234 screens comprising of 1,957 screens in the PRIME channel and 1,277 screens in the POPULAR channel across 1,181 cities, leading directly into the hearts of India’s Urban Heartland.
In the early 2000s, UFO optimized the potential of Indian cinema with satellite-based technology that transformed Annual Jubilee into Friday box office collections, slow-chain release into First Day - First Show, one blockbuster after another. It has made cinema into an equal experience for the whole country, making it an instant success with the youth that is already teased with pre-release teasers and trailers.
UFO is the end to end service provider for all DCI and non-DCI related cinema solutions. As on June 30, 2023, UFO’s global network, along with subsidiaries and associates, spans 3,452 screens. UFO has created a pan India, high impact in-cinema advertising platform with generally long-term advertising rights to 3,234 screens, with an aggregate seating capacity of approximately 1.7 billion viewers annually and a reach of 1,181 cities and towns across India, as on June 30, 2023.
UFO’s innovation driven DNA empowers it to use technology and business intelligence to minimize content irrelevance by providing relevant content, to the relevant people, at the relevant time! It aims at enabling an environment of content sufficiency to the running cinema infrastructures, as well as to create a one stop solution to set-up local movie theatres through a standardized model both in terms of infrastructure and experience. Apart from this the company also has Caravan Talkies that takes brands to rural India providing them an opportunity to reach media dark areas.
UFO’s mission is clear - un-biased, undivided, uninterrupted, cinema for all, and in doing so, outshining as the country’s largest cinema influencers.
Visit us at www.ufomoviez.com. For further details, contact:
Ami Mehta
Asst. Manager – Investor Relations
Tel: +91 22 4030 5126
Email: ami.mehta@ufomoviez.com
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