● LIVE
NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51NIFTY 5023,435.100.18%BANK NIFTY56,625.900.27%FINNIFTYINDIA VIX12.243.77%NIFTY IT28,994.800.36%NIFTY AUTO27,346.950.70%NIFTY MID14,610.250.56%USD/INR95.51
Login
Markets
NSE StocksBSE StocksF&ORates & G-SecsCurrenciesSectorsCommoditiesIPOs
News
Corporate AnnouncementsGovernment & PolicyFixed IncomeETFsFXAlt. InvestingStartupsEconomic Calendar
Sections
EconomicsTechFinancePoliticsWealth
← All Transcripts
Black Bear Labs PVRINOX · Q3 FY20-21 · investor presentation

PVRINOX

PVR's Q3FY21 results reflect the severe impact of COVID-19 on cinema operations, with significant revenue declines and losses. Despite reopening cinemas in most states postUnlock 5.0, limited content availability and capacity constraints hindered recovery. The company managed to negotiate rent waivers for 88% of its properties but faces ongoing challenges with remaining negotiations and high fixed costs.

Key financials

Adjusted Net Profit After Tax-13,674 INR Lacs
Total Income92,389 INR Lacs (Q3 FY20)
Adjusted EBITDA18,839 INR Lacs (Q3 FY20)

Segment commentary

Cinema Operations

Most cinemas have reopened post Unlock 5.0, but limited content and capacity constraints are impacting recovery.

Financial Performance

Significant revenue declines due to reduced admissions and lower average ticket prices.

Cost Management

Negotiated rent waivers for 88% of properties, with ongoing discussions for the remainder. Fixed expenses remain a challenge despite cost-cutting measures.

Guidance & outlook

  • Staggered reopening continues; content pipeline is limited due to COVID-19 uncertainties.
  • Focus on negotiating remaining rental agreements and managing fixed costs.
  • Potential equity raise of up to INR 800 Cr approved by the board, subject to member approval.

Key takeaways

  • PVR's Q3FY21 results highlight the severe impact of COVID-19 on cinema operations, with significant revenue declines and losses.
  • The company has managed to secure rent waivers for 88% of its properties but faces challenges with remaining negotiations.
  • Despite reopening cinemas in most states, limited content availability and capacity constraints are hindering recovery.
  • Management remains cautious about the outlook, focusing on cost management and potential equity raise to strengthen liquidity.

Risks flagged

  • Ongoing rental negotiations with landlords.
  • Limited movie releases affecting revenue recovery.
  • High fixed costs despite cost-cutting measures.

In their words

“Negotiations with balance Landlords in progress and expected to close in the near future.”— Management
herofinancialssegmentstakeawaysquote
Educational analysis only. Not investment advice. Consult a SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/PVR_15012021154602_PVRInvestorPresentation15012021.pdf
Full transcript (3,836 words)
15th January, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department Plot No. C/1, G Block, 1st Floor, New Trading Ring, BandraKurla Complex, PJ Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Fort, Mumbai - 400 001 Fax: 022-26598237/38 Fax: 022-22723121/1278 Company Code: PVR / 532689 Sub: Quarter 3 – Investor Presentation Dear Sir / Madam, Please find attached presentation on Investor update for 03rd quarter for financial year 2020-21. This is for your information and records. Thanking You. Yours faithfully, For PVR Limited Pankaj Dhawan Company Secretary cum Compliance Officer BASIC SLIDES Elementary Layouts INVESTOR UPDATE Q3 & 9M, FY 2020-21 Disclaimer This presentation has been prepared for general information purposes in respect of PVR Limited (“Company”) together with its subsidiaries and joint venture (together, with the “Company”, the “Group”) only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendationorformpartofanyofferorinvitation,directlyorindirectly,inanymanner,orinducementtosellorissue,oranysolicitationofanyoffertopurchaseorsubscribefor, any securities of the Company in any jurisdiction, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Group to be construed as legal,accountingortaxadvice. ThispresentationhasnotbeenapprovedandwillnotormaynotbereviewedorapprovedbyanystatutoryorregulatoryauthorityinIndiaorbyanyStockExchangeinIndia. This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Group and/ or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words including, without limitation “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks.A multitude of factors including, but notlimited to, changesin demand, competition and technology, can cause actual events, performance or results to differsignificantly from anyanticipateddevelopment.NeithertheGroupnoritsaffiliatesoradvisorsorrepresentativesnoranyofitsortheirparentorsubsidiaryundertakingsoranysuchperson'sofficersor employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentationandarenotguaranteesoffutureperformance.Asaresult,theGroupexpresslydisclaimsanyobligationorundertakingtoreleaseanyupdateorrevisionstoanyforward- looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based. Given these uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. Certain numbers in these presentations and materials have been subject to routine rounding off and accordingly figures shown as total in tables and diagrams may not be an arithmetic aggregationofthefiguresthatprecedethem. The information contained in these presentations and materials are only current as of the dates specified herein and have not been independently verified. None of the Group, its directors, promoters or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise,forany errors, omissions orinaccuracies in such information or opinions orfor any loss,cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no representation or warranty, express or implied, forthecontentsof this presentation including its accuracy, fairness, completeness orverification orforanyotherstatement made orpurportedtobe madebyany of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Group undertakes no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Group shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensurethattheyaremakinganinformeddecision. 2 Disclaimer This presentation isnota prospectus, astatement in lieu of a prospectus, an offeringcircular, an advertisement or an offerdocument under the Companies Act, 2013, as amended, the SecuritiesandExchangeBoardofIndia(IssueofCapitalandDisclosureRequirements)Regulations,2018,asamended,oranyotherapplicablelawinIndia. This presentation isstrictly confidential andmaynot becopiedordisseminated,reproduced,re-circulated, re-distributed, publishedoradvertised in anymedia,website orotherwise, in whole or in part, and in any manner or for any purpose. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. No person is authorizedtogiveanyinformationortomakeanyrepresentationnotcontainedinorinconsistentwiththispresentationandifgivenormade,suchinformationorrepresentationmust not be relied upon ashaving been authorized byany person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. Neither this document noranypartorcopyofitmaybedistributed,directlyorindirectly,intheUnitedStates.Thedistributionofthisdocumentincertainjurisdictionsmayberestrictedbylawandpersons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. Accordingly, any persons in possession of the aforesaid should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation. You may not repackage or sell the presentation. Information contained in a presentation hosted or promoted by the Group is provided “as is” without warranty of any kind, either expressed or implied, including any warranty of fitnessforaparticularpurpose. ThispresentationisnotanoffertosellorasolicitationofanyoffertobuythesecuritiesoftheCompanyintheUnitedStatesorinanyotherjurisdictionwheresuchofferorsalewould beunlawful.Securitiesmaynotbeoffered, sold,resold, pledged,delivered, distributedortransferred, directly orindirectly, in toorwithin theUnitedStatesabsent registration under theUnitedStatesSecuritiesActof1933,asamended(the“SecuritiesAct”),exceptpursuanttoanexemptionfrom,orinatransactionnotsubjectto,theregistrationrequirementsofthe Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company’s securities have not been and will not be registeredundertheSecuritiesAct. By accessing this presentation, you accept this disclaimer and any claims arising out of or in connection with this presentation shall be governed by the laws of India and only the courtsinGurugram,India,andnoothercourtsshallhavejurisdictionoverthesame. 3 Index PARTICULARS SLIDE NO Status Update On Reopening Of Cinemas 5 Consolidated Results Summary 6 Update on Negotiation With Landlords 10 Financial Results & Analysis 12 Movie Releases In Q3 FY21 And Content Pipeline 17 4 Status Update On Reopening Of Cinemas Punjab Jammu & Kashmir 175 CINEMAS 179K SEATS 10 cinemas | 53 screens 1 Cinema | 2 Screens Uttarakhand Chandigarh 1 cinema | 5 screens 3 cinemas | 15 screens Uttar Pradesh Haryana 835 SCREENS 71 CITIES 17 cinemas | 80 screens 10 cinemas | 35 screens Jharkhand Delhi 2 cinemas | 7 screens 17 cinemas | 68 screens SCREENSBY REGION Rajasthan Region Current % of total 3 cinemas | 10 screens South* 286 34% Gujarat Assam 14 cinemas | 65 screens West 244 29% 2 cinema | 7 screens Madhya Pradesh West Bengal North 258 31% 4 cinemas | 18 screens 4 cinemas | 16 screens East 47 6% Chhattisgarh Maharashtra 4 cinemas | 17 screens Total 835 37 cinemas | 151 screens Telangana * South includes Sri Lanka 11 cinemas | 62 screens Karnataka • Ministry of Home Affairs in Unlock 5.0 guidelines (Order No. 40-3/2020- Andhra Pradesh 15 cinemas | 103 screens 2 cinema | 9 screens DM-I(A)) dated Sep 30th, 2020 allowed cinemas to reopen from Oct 15th, 2020 onwards with 50% capacity Puducherry Kerala 1 cinemas | 5 screens 3 cinemas | 15 screens • Various states have issued their respective notifications for cinema Tamil Nadu reopening in a staggered manner. 13 cinemas | 83 screens Colombo 1 cinema | 9 screens • As on date, except for the state of Rajasthan and Jharkhand, all other states, where PVR has presence, have allowed Cinemas to re-open Note: [1] All numbers as on January 15, 2021 Note: Map Not to scale • Cinemas in Sri Lanka were shut from March 14, 2020 until July 2, 2020, and Opened Closed from October 11, 2020 until December 31, 2020 5 Results Highlights INR Lacs Results Highlights – Q3, FY 20-21 vs Q3, FY 19-20 Adjusted Net Profit After Total Income EBITDA Tax Q3, FY21 6,339 -10,878 -13,674 ------------ 92,389 18,839 5,886 Q3, FY20 Results Highlights – 9M, FY 20-21 vs 9M, FY 19-20 Adjusted Net Profit After Total Income EBITDA Tax 9M, FY21 11,957 -30,582 -39,398 ------------ 2,79,045 55,449 16,905 9M, FY20 Staggered re-opening & limited content availability post re-opening has significantly impacted the revenue Note: Above financial numbers are after excluding the impact of IndAS 116 –‘Leases’ Adjusted EBITDA = net profit after tax plus total tax expense, exceptional item, share of profit/(loss) of equity accounted investees (net of tax), finance costs and depreciation and amortization expense Consolidated Result Summary – Q3, FY 20-21 vs Q3, FY 19-20 Q3, FY 21 Q3, FY 20 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 32,013(1) 25,674 6,339 92,389 0 92,389 Expenses(3) 12,352 -4,865(2) 17,217 60,846 -12,704 73,550 Adjusted EBITDA(4) 19,661 30,539 -10,878 31,543 12,704 18,839 Adjusted EBITDA Margin 34.1% 20.4% Depreciation & Amortization 14,246 8,400 5,846 13,485 7,854 5,631 EBIT 5,415 22,139 -16,724 18,058 4,850 13,208 Finance Costs 12,706 8,684 4,022 12,210 8,293 3,917 PBT -7,291 13,455 -20,746 5,833 -3,443 9,276 Corporate Tax -2,370 4,702 -7,072 2,207 -1,183 3,390 Net Profit After Tax -4,921 8,753 -13,674 3,626 -2,260 5,886 Net Profit After Tax Margin 3.9% 6.4% Non-controlling interests 11 11 8 8 Net Profit After Tax after adjustment of non- -4,910 8,753 -13,663 3,634 -2,260 5,894 controlling interests EPS - Basic (INR) -8.21 -22.81 7.08 11.49 EPS - Diluted (INR) -8.21 -22.81 7.05 11.44 1. Includesotherincomewithrespecttorentalwaiversreceivedduringthequarter. 2. Representsrentalexpenseforproperties;itincludesnotionalrentofINR9.6CrpertainingtodeferredrentonsecuritydepositasrequiredunderIndAS 3. Expenses=TotalExpenses-FinanceCosts-DepreciationandAmortizationexpense 4. Adjusted EBITDA = net profit after tax plus total tax expense, exceptional item, share of profit/(loss) of equity accounted investees (net of tax), finance costs and depreciation and amortizationexpense 8 Consolidated Result Summary – 9M, FY 20-21 vs 9M, FY 19-20 9M, FY 21 9M, FY 20 Particulars (INR Lacs) Ind-AS 116 Ind-AS 116 Ind-AS 116 Ind-AS 116 Reported Reported Impact Adjusted Impact Adjusted Total Income 48,609(1) 36,652 11,957 2,79,045 0 2,79,045 Expenses(3) 37,674 -4,865 (2) 42,539 1,86,537 -37,059 2,23,596 Adjusted EBITDA(4) 10,935 41,517 -30,582 92,508 37,059 55,449 Adjusted EBITDA Margin 33.2% 19.9% Depreciation & Amortization 42,885 25,178 17,707 40,023 22,917 17,106 EBIT -31,950 16,339 -48,289 52,485 14,142 38,343 Finance Costs 37,394 26,334 11,060 36,466 24,501 11,965 PBT -69,403 -9,994 -59,408 15,978 -10,359 26,337 Corporate Tax -23,503 -3,492 -20,011 5,832 -3,600 9,432 Net Profit After Tax -45,900 -6,502 -39,398 10,146 -6,759 16,905 Net Profit After Tax Margin 3.6% 6.1% Non-controlling interests 33 33 33 33 Net Profit After Tax after adjustment of non- -45,867 -6,502 -39,365 10,179 -6,759 16,938 controlling interests EPS - Basic (INR) -85.06 -73.01 20.36 33.92 EPS - Diluted (INR) -85.06 -73.01 20.25 33.74 1. Includes other income of INR 369 Cr with respect to rental waivers received till Dec 31, 2020 2. Representsrentalexpenseforproperties;itincludesnotionalrentofINR9.6CrpertainingtodeferredrentonsecuritydepositasrequiredunderIndAS 3. Expenses=TotalExpenses-FinanceCosts-DepreciationandAmortizationexpense 4. Adjusted EBITDA = net profit after tax plus total tax expense, exceptional item, share of profit/(loss) of equity accounted investees (net of tax), finance costs and depreciation and amortizationexpense 9 Update On Negotiation With Landlords Adjusted RENT & CAM  Settlements reached with Landlords for 88% of cinemas for Adjusted Rent (INR Lacs) complete or partial waiver / discounts for the lockdown 43,833 period; 89%  Negotiated discounts/ rebates in the form of revenue share/ reduction in minimum guarantee post re-opening generally 14,694 until March 31, 2021 4,877 4,896  Discussions with balance Landlords in progress and Q3, FY 21 Q2, FY 21 Q3, FY 20 9M, FY 21 9M, FY 20 expected to close in the near future.  We are yet to re-open 56 screens in 13 cinemas, as of 15th January 2021, since certain rental negotiations are currently on-going with the mall developers, landlords, lessors and CAM (INR Lacs) partners  Adjusted rent expense does not include an amount of INR 11,533 48% 32 Cr for rental waivers sought by the company for the lockdown period in case of properties where rental 6,033 negotiations with landlords are not concluded. 3,918 2,571  CAM Expenses for Q3, FY 21 lower on account of credit 660 notes received from developers on final settlement Q3, FY 21 Q2, FY 21 Q3, FY 20 9M, FY 21 9M, FY 20 Adjusted Rent & CAM expense for 9M, FY 21 is lower by INR 444 Cr as compared to 9M FY 20, a reduction of 80% Note:Adjusted Rent Expenses = Net Rent Expenses + Impact of IndAS 116 Adjustment in Other Expenses 11 Income Analysis (Consolidated) Q3, FY20-21 vs Q3, FY19-20; 9M, FY20-21 vs 9M, FY19-20 Q3, Q3, 9M, 9M, Particulars % Change % Change FY 21 FY 20 FY 21 FY 20 Operating Numbers Screens 835 821 2% 835 821 2% Seats 1,78,994 1,78,063 1% 1,78,994 1,78,063 1% Admits (Lacs) 10 259 -96% 10 822 -99% ATP (In Rupees)# 164 210 -22% 166 204 -19% SPH (In Rupees)^ 95 100 -5% 97 100 -3% Financials (INR Lacs) Income from sale of movie tickets 1,335 45,281 -97% 1,395 1,40,124 -99% Sales of Food & Beverages * 1,402 24,741 -94% 1,910 78,356 -98% Advertisement Income 422 12,195 -97% 422 30,734 -99% Income from movie distribution 144 3,158 -95% 3,190 10,507 -70% Other Income^^ 3,036 7,014 -57% 5,040 19,324 -74% Total Income 6,339 92,389 -93% 11,957 2,79,045 -96% Staggered re-opening & limited content availability post re-opening has significantly impacted the revenue Note: Above financial numbers are after excluding the impact of IndAS 116 –‘Leases’ * Sale of Food and Beverages represents sale of food and beverages and sale of other/traded goods. # Average Ticket Price = Gross Box Office Collection (gross collection from sale of movie tickets including applicable taxes)+3D Glasses Income / Admits ^ Spend Per Head = Gross Sale of Food and Beverages (gross sales from food and beverages including applicable taxes)/ Admits 13 ^^ Other Income = Total Income –Income from sale of movie tickets -Sale of Food and Beverages –Advertisement Income –Income from movie Distribution Fixed Expenditure Analysis (Consolidated) Q3, FY20-21 vs Q3 FY19-20 vs Q2, FY20-21; 9M, FY20-21 vs 9M, FY19-20 Particulars (INR Lacs) Q3, FY 21 Q3, FY 20 % Change Q2, FY 21 % Change 9M, FY 21 9M, FY 20 % Change Adjusted Rent^ 4,877 14,694 -67% 0 NM 4,896 43,833 -89% Common Area Maintenance 660 3,918 -83% 2,571 -74% 6,033 11,533 -48% Employee Benefit Expense 4,858 10,674 -54% 4,069 19% 15,744 31,733 -50% Electricity & Water Charges 1,470 5,084 -71% 838 75% 2,903 16,674 -83% Other Expenses* 4,034 9,106 -56% 2,480 63% 9,033 27,887 -68% Total 15,899 43,476 -63% 9,958 60% 38,609 1,31,660 -71% Expenses Per Month# 5,273 14,492 -64% 3,288 60% 4,242 14,629 -71%  Rent and CAM negotiations closed for 88% of properties (Refer Slide: 11 for details)  Salary cuts for frontline staffs reversed in line with reopening of states; Pay cuts for Corporate and other staff being rolled back in a staggered manner  Continued focus on keeping all other fixed expenses under check. * Other Expenses = Total Expenses –Movie Exhibition Cost –Consumption of food and beverages –Employee Benefit Expenses –Rent –Common Area Maintenance –Electricity and WaterCharges–MovieProduction, Distribution And Print Charges # Expense per month = [Total Expenses – Movie Exhibition Cost – Consumption of food and beverages – Movie Production, Distribution And Print Charges – Inventory write Off]/number ofmonths.onetime inventorywrittenoffis Rs81Lac in Q3FY21,and Rs427Lac in 9M,FY21 ^Adjusted RentExpenses = NetRent Expenses + Impact ofInd AS116Adjustment inOtherExpenses Note:Abovefinancial numbers are afterexcluding theimpact ofIndAS116 –‘Leases’ 14 Other Fixed Expenses Personnel Expenses (INR Lacs) Personnel Expenses: 31,733  Salary Cuts for frontline staffs reversed in line with reopening of 50% states; Pay cuts for Corporate and other staff being rolled back in a staggered manner 15,744 10,674  As cinemas have re-opened personnel expenses have increased 4,858 4,069 from INR 40.7 Cr in Q2 to INR 48.6 Cr in Q3 Q3, FY 21 Q2, FY 21 Q3, FY 20 9M, FY 21 9M, FY 20  For 9M, FY 21 the personnel expenses is lower by 50% as compared to 9M FY 20 and lower by 54% as against Q3, FY20 Electricity & Water Charges (INR Lacs) 16,674 Electricity & Water Charges 83%  For 9M, FY 21 expenses lower by 83% as compared to 9M FY 20 and lower by 71% as against Q3, FY20 5,084 2,903 1,470 838 Q3, FY 21 Q2, FY 21 Q3, FY 20 9M, FY 21 9M, FY 20 Other Expenses (INR Lacs) 27,887 Other Expenses 68%  For 9M, FY 21 expenses lower by 68% as compared to 9M FY 20 and lower by 56% as against Q3, FY20. 9,106 9,033 4,034 2,480 Q3, FY 21 Q2, FY 21 Q3, FY 20 9M, FY 21 9M, FY 20 15 Leverage & Liquidity Position Net Debt (INR Lacs) December 31, 2020 March 31, 2020 Total Gross Debt 1,50,009 1,29,468 Cash & Cash Equivalents 37,256 32,347 Net Debt 1,12,753 97,121 Total Gross Debt represents long term borrowings including current maturities and short term borrowings and does not include lease liabilities. Cash and cash-like items represent investments (current), cash and cash equivalents (current) and other bank balances. The Board of Directors of the company in its meeting held on 18th Dec 2020, subject to approval of the members of the company, approved the resolution to raise equity for an amount not exceeding INR 800 Cr. 16 MOVIE RELEASES IN Q3 FY21 AND CONTENT PIPELINE As of 13th January 2021. Given the current evolving situation around COVID-19, the release dates for all content slated for release in CY21 are yet to be finalized. This information is based on public sources and is not exhaustive. The company has not independently verified this information. 17 MOVIE RELEASES IN Q3, FY 20-21 SURAJ PE MANGAL WONDER WOMAN INDOO KI JAWANI TENET BHARI 1984 CAST CAST CAST CAST Manoj Bajpayee, Kiara Advani, John David Washington, Gal Gadot, Diljit Dosanjh, Aditya Seal, Robert Pattinson, Chris Pine, Fatima Sana Shaikh Rakesh Bedi Elizabeth Debicki Kristen Wiig DIRECTOR Abhishek Sharma DIRECTOR DIRECTOR DIRECTOR Abir Sengupta Christopher Nolan Patty Jenkins SOLO BRATHUKE SO BISKOTH DRACULA SIR IRANDAM KUTHTHU BETTER [TELUGU] [TAMIL] [BENGALI] [TAMIL] CAST CAST CAST CAST Ajay, Anandraj, Anirban Bhattacharya, Santhosh P. Jayakumar, Vennela Kishore, K. Bujji Babu, Bidipta Chakraborty, Daniel Annie Pope, Kalyani N. Krithika Bala Mimi Chakraborty Karishma Kaul DIRECTOR DIRECTOR R. Kannan DIRECTOR Subbu Debaloy Bhattacharya DIRECTOR Santhosh P. Jayakumar Staggered re-opening of Cinemas across the country, with 50% capacity cap, saw limited movie releases 18 BOLLYWOOD CONTENT PIPELINE (1/3) SOORYAVANSHI 83 PRITHVIRAJ ATRANGI RE CAST CAST CAST CAST Akshay Kumar, Ranveer Singh, Akshay Kumar, AkshayKumar, Katrina Kaif, Deepika Padukone Manushi Chhillar Dhanush,SaraAli Anupam Kher DIRECTOR DIRECTOR DIRECTOR DIRECTOR Rohit Shetty Kabir Khan ChandraprakashDwivedi AanandL. Rai LAL SINGH CHADDHA RADHE PATHAN JERSEY CAST CAST CAST CAST AamirKhan, Salman Khan, Shah Rukh Khan, ShahidKapoor, KareenaKapoor Disha Patani John Abraham MrunalThakur ,Pankaj Kapur DIRECTOR DIRECTOR AdvaitChandan Prabhu Deva DIRECTOR DIRECTOR Siddharth Anand GowtamTinnanuri 20 BOLLYWOOD CONTENT PIPELINE (2/3) MAIDAAN BELL BOTTOM JAYESHBHAI JORDAAR BRAHMASTRA CAST CAST CAST CAST Ajay Devgn, Akshay Kumar; Ranveer Singh; , RanbirKapoor, Priyamani Vaani Kapoor Shalini Pandey Alia Bhatt, Amitabh Bachchan DIRECTOR DIRECTOR Amit Sharma Ranjit M Tewari DIRECTOR DIRECTOR DivyangThakkar AyanMukerji SATYAMEVA JAYATE 2 BHOOL BHULAIYAA 2 DOSTANA 2 BADHAAI DO CAST CAST CAST CAST John Abraham, KartikAaryan, Kartik Aaryan, Rajkummar Rao, DivyaKhosla Kumar Kiara Advani, Janhvi Kapoor, Bhumi Pednekar Tabu Laksh Lalwani DIRECTOR DIRECTOR MilapZaveri DIRECTOR DIRECTOR Amit Sharma AneesBazmee Collin D'Cunha 21 BOLLYWOOD CONTENT PIPELINE (3/3) ANTIM: THE FINAL SARDAR UDHAM SINGH GANAPATH HERO PANTI 2 TRUTH CAST CAST CAST CAST Salman Khan, Vicky Kaushal Tiger Shroff Tiger Shroff JisshuSengupta, AayushSharma DIRECTOR DIRECTOR DIRECTOR Ahmed Khan Shoojit Sircar Vikas Bahl DIRECTOR Mahesh Manjrekar GANGUBAI TOOFAN MISSION MAJNU KATHIAWADI CAST CAST CAST Siddharth Malhotra Farhan Akhtar Alia Bhatt DIRECTOR DIRECTOR DIRECTOR Shantanu Bagchi Rakesh Om Prakash Sharma Sanjay Leela Bansali 22 HOLLYWOOD CONTENT PIPELINE (1/3) NO TIME TO DIE PETER RABBIT 2 F9 A QUIET PLACE II CAST CAST CAST CAST Daniel Craig, James Corden, Vin Diesel, Emily Blunt, Ana de Armas, Elizabeth Debicki, Michelle Rodriguez, Millicent Simmonds, Rami Malek Lennie James Charlize Theron Cillian Murphy DIRECTOR DIRECTOR DIRECTOR DIRECTOR Cary JojiFukunaga Will Gluck Justin Lin John Krasinski BLACK WIDOW GODZILLA VS KONG FREE GUY TOP GUN : MAVERICK CAST CAST CAST CAST Scarlett Johansson, Millie Bobby Brown, Taika Waititi, Tom Cruise, Florence Pugh, Alexander Skarsgård, Ryan Reynolds, Jennifer Connelly, David Harbour Eiza González Jodie Comer Miles Teller DIRECTOR DIRECTOR DIRECTOR Adam Wingard Shawn Levy DIRECTOR Cate Shortland Joseph Kosinski 24 HOLLYWOOD CONTENT PIPELINE (2/3) THE CONJURING : THE GHOSTBUSTERS AFTER VENOM: LET THERE BE MORTAL KOMBAT DEVIL MADE ME DO IT LIFE CARNAGE CAST CAST CAST CAST Jessica McNamee, Vera Farmiga, Finn Wolfhard, Tom Hardy, Hiroyuki Sanada, Patrick Wilson, MckennaGrace, Michelle Williams, Joe Taslim Julian Hilliard Carrie Coon Woody Harrelson DIRECTOR DIRECTOR DIRECTOR DIRECTOR SimonMcQuoid Michael Chaves JasonReitman Andy Serkis MINIONS: THE RISE OF CRUELLA JUNGLE CRUISE THE SUICIDE SQUAD 2 GRU CAST CAST CAST CAST Emma Stone, Julie Andrews, Emily Blunt, Margot Robbie, Paul Walter Hauser, Steve Carell, Dwayne Johnson, Taika Waititi, Emma Thompson Lucy Lawless Jesse Plemons Alice Braga DIRECTOR DIRECTOR DIRECTOR DIRECTOR Craig Gillespie Kyle Balda, JaumeCollet-Serra James Gunn Brad Ableson 25 HOLLYWOOD CONTENT PIPELINE (3/3) THE BOSS BABY : DEATH ON THE NILE THE KING'S MAN THE TOMORROW WAR FAMILY BUSINESS CAST CAST CAST CAST Gal Gadot, Alec Baldwin, Matthew Goode, Yvonne Strahovski, Emma Mackey, John Flanagan, Gemma Arterton, Betty Gilpin, Kenneth Branagh James McGrath Aaron Taylor-Johnson Chris Pratt DIRECTOR DIRECTOR DIRECTOR DIRECTOR Kenneth Branagh Tom McGrath Matthew Vaughn Chris McKay DOCTOR STRANGE IN THE BLACK ADAM IN THE HEIGHTS DUNE MULTIVERSE OF MADNESS CAST CAST CAST CAST Dwayne Johnson, Elizabeth Olsen, Lin-Manuel Miranda, Zendaya, Sarah Shahi, Rachel McAdams, Stephanie Beatriz, Rebecca Ferguson, AldisHodge Benedict Cumberbatch Anthony Ramos TimothéeChalamet DIRECTOR DIRECTOR DIRECTOR DIRECTOR JaumeCollet-Serra Sam Raimi Jon M. Chu Denis Villeneuve 26 REGIONAL CONTENT PIPELINE (1/2) DOCTOR COBRA JAGAME THANTHIRAM ANNAATTHE [TAMIL] [TAMIL] [TAMIL] [TAMIL] CAST CAST CAST CAST Sivakarthikeyan, Vikram, James Cosmo, Rajinikanth, Priyanka Arul Mohan, SrinidhiShetty, Dhanush, Prakash Raj inay Irfan Pathan Decca Heggie DIRECTOR DIRECTOR DIRECTOR Siva DIRECTOR R. Ajay Gnanamuthu KarthikSubbaraj Nelson Dilipkumar VALIMAI RRR K.G.F: CHAPTER 2 RADHE SHYAM [TAMIL} [TELUGU] [KANNADA] [TELUGU] CAST CAST CAST CAST AjithKumar N.T. Rama Rao Jr., Yash, Prabhas, Huma Qureshi Ram Charan, Sanjay Dutt, Pooja Hegde, Ajay Devgn SrinidhiShetty KunaalRoy Kapur DIRECTOR H. Vinoth DIRECTOR DIRECTOR DIRECTOR PrashanthNeel K.K. RadhakrishnaKumar S.S. Rajamouli 28 REGIONAL CONTENT PIPELINE (2/2) PUSHPA VAKEELSAAB ACHARYA SARKARU VARI PATTA [TELUGU] [TELUGU] [TELUGU] [TELUGU] CAST CAST CAST CAST Allu Arjun, Prakash Raj, Ram Charan, Mahesh Babu, Vijay Sethupathi, NivethaThomas, KajalAggarwal, KeerthySuresh RashmikaMandanna Pawan Kalyan Chiranjeevi DIRECTOR DIRECTOR DIRECTOR DIRECTOR Sukumar VenuSriram KoratalaSiva Parasuram POGARU ROBERRT KOTIIGOBBA 3 MARAKKAR [KANNADA] [KANNADA] [KANNADA] [MALAYALAM] ] CAST CAST Cast CAST Dhruva Sarja, Rashmika JagapathiBabu, Madonna Sebastian,, Kicha Mohanlal, Mandanna DarshanThoogudeep, Sudeep, Shraddha Das Sunil Shetty, Asha Bhat Arjun Sarja DIRECTOR DIRECTOR NandaKishore DIRECTOR Shiva Karthik DIRECTOR Tarun Sudhir Priyadarshan 29 Thank You For any queries please contact investor relations team: Email ID: investorrelations@pvrcinemas.com