q2/h1 fy 2012-13 meet/132807_20121109.pdf · disclaimer this presentation is strictly confidential...

Q2/H1 FY 2012-13

Disclaimer

This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information on the business in this presentation is being provided by the company, while other sector related info is either available in public domain or from research.

The sole purpose of this information memorandum is to assist the recipient to participate in the transaction.

This document is not intended to form the basis for any investment decision and does not constitute, either express or implied, an offer to sell or a solicitation of an offer to buy an equity stake in Cinemax India Ltd. It does not purport to be all inclusive or contain all the information about Cinemax India Ltd. While this document has been prepared in good faith, no representation or warranty, express or implied, is or will be made, and no responsibility or liability will be accepted by Cinemax India Ltd, in relation to the accuracy or completeness of this document or any other oral or written information made available at any time during the transaction and any liability thereof is hereby expressly disclaimed. The document may contain/include certain estimates, projections, statements, targets and forecasts with respect to the Company. These reflect and are based on the various assumptions made by the management, officers or employees of the Company, which as well as the information on which they are based may or may not be accurate. Neither of the Company or affiliates, subsidiaries, advisors, directors, officers or employees or agents of the Company, make any representations and/or warranty in respect of, and no reliance should be placed on any estimates, projections, statements, targets and forecasts or the assumptions on which they may be based. The opinions in this memorandum have been expressed in good faith. Investor should rely on its own judgment in assessing future business conditions and prospects of Cinemax India Ltd. Any liability is accordingly expressly disclaimed even if any loss or damage is caused by any act or omission on part of the aforesaid, whether negligent or otherwise.

Neither this document nor anything contained herein shall form a basis of any contract or commitment whatsoever. Investor will be required to acknowledge in the purchase contract that he has not relied on or been induced to enter such agreements by any representation or warranty, save as expressly set out in such an agreement.

Any information contained in this document will be superseded by any later written information on the same subject made available to Investor by or on behalf of Cinemax India Ltd., Cinemax India Ltd. reserve the right, at any time and without advance notice, to change or modify the contents of this document; terminate the due diligence or negotiations or any part of or the entire transaction prior to signing of any binding agreement.

This document has not been filed, registered or approved in any jurisdiction. Recipients of this document, particularly in jurisdictions outside India, should inform themselves of and observe any applicable legal requirements.

Neither the delivery of this presentation nor any further discussions of the company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the company since that date.

3

Contents

• Summarized Financials • Key Financials • Income and Expense Breakup • Income • Operational Parameters • Existing Properties • Property Details • Cinemax Events Q2 FY12-13

*Figures are regrouped and rearranged wherever necessary. **Percentage is in relation with previous year same period.

Summarized Financials

Top 10 Movies at Cinemax - Q2FY13 Gross Box Coll (Lakhs)

Ek Tha Tiger 1,624

Barfi 1,071

Bol Bachchan 969

Cocktail 849

Raaz 3 607

The Amazing Spider Man 474

The Dark Knight Rises 409

Kyaa Super Kool Hain Hum 391

Heroine 337

Jism 2 272

Total 7,003

FY 13 FY 12 FY 13 FY 12 Financial Year Ended

Q2 Q2 H1 H1 FY 12 FY 11 FY 10 FY 09 FY 08

INCOME 11,713 8,137 21,423 14,226 29,039 19,741 17,607 15,403 10,627

EXPENSES 8,756 6,652 16,421 1,1850 24,929 16,213 13,980 11,367 7,581

EBITDA 2,957 1,485 5,002 2,376 4,110 3,528 3,627 4,036 3,046

EBITDA % 25% 18% 23% 17% 14% 18% 21% 26% 29%

YoY growth in EBITDA **99% **111% 16% -3% -10% 33%

PAT 1,581 607 2,514 718 351 545 1697 1,105 1,373

PAT % 13% 7% 12% 5% 1.2% 3% 10% 7% 13%

YoY growth in PAT **160% **250% -36% -68% 54% -20%

YoY growth in Income **44% **51% 47% 12% 14% 45% 4%

Location 39 36 39 36 38 33 28 25 18

Screens 138 123 138 123 132 107 90 74 52

Seats 33,535 30,788 33,535 30,788 32,588 28,097 24,539 20,305 14,004

Footfalls (In Lakhs) 62.10 49.67 116.80 86.82 165.81 115.01 108.1 85.14 61.91

ATP 156 136 150 134 140 135 128 128 131

SPH 45 34 44 35 38 35 31 30 29

Key Financials

11

,71

3

8,1

37

21

,42

3

14

,22

6

29

,03

9

8,7

56

6,6

52

16

,42

1

11

,85

0

24

,92

9

2,9

57

1,4

85

5,0

02

2,3

76

4,1

10

1,5

81

60

7 2,5

14

71

8

35

1

Q2 FY12-13 Q2 FY11-12 H1 FY12-13 H1 FY11-12 FY11-12

In L

akh

s

INCOME EXPENSES EBITDA PAT

Income and Expense Breakup

Ticket Sale (Net of ET), 66%

F&B, 22%

Ad Sales, 6%

Gaming Income, 1%

Other Income, 4%

Income H1 FY12-13 (As a % of Net Income)

Dist Share, 28%

F&B Pur, 7%

Power & Fuel, 7%

Other OpEx, 2%

Rent& Cam, 18%

Ad & Mkt Exp, 1% Empl Remu, 8% Admin Exp, 6%

EBITDA, 23%

Interest, 3%

Depreciation, 5%

Tax, 4%

PAT, 12%

Expense H1 FY12-13 (As a % of Net Income)

Income

6,7

40

8,7

16

99

1

9,7

07

Comparable Comparable Non-Comparable Total

Q2 FY12 Q2 FY13

Ticket Sales (In Lakhs)

1,6

42

2,3

64

30

2

2,6

66


Q2 FY12 Q2 FY13

F&B Sales (In Lakhs)

11

,65

1 1

5,9

46

1,5

64

17

,50

9


H1 FY12 H1 FY13

Ticket Sales (In Lakhs)

2,9

97

4,4

41

47

9

4,9

20


H1 FY12 H1 FY13

F&B Sales (In Lakhs)

*Non-Comparable Properties : Banglore 2, Surat & Cyberabad

Income

1,4

85

2,5

95

36

1

2,9

57


Q2 FY12 Q2 FY13

EBITDA (In Lakhs)

53

2

56

7

55

62

2


Q2 FY12 Q2 FY13

Ad Sales (In Lakhs)

2,3

76

4,4

99

50

3

5,0

02


H1 FY12 H1 FY13

EBITDA (In Lakhs)

86

8 1

,09

9

82

1,1

81


H1 FY12 H1 FY13

Ad Sales (In Lakhs)


Operational Parameters

49

.7

55

.8

6.3

62

.1


Q2 FY12 Q2 FY13

Footfalls (In Lakhs)

33

%

36

%

49

%

37

%


Q2 FY12 Q2 FY13

Occupancy

86

.8 1

06

.4

10

.4

11

6.8


H1 FY12 H1 FY13

Footfalls (In Lakhs)

29

% 35

%

45

%

35

%


H1 FY12 H1 FY13

Occupancy


Operational Parameters

13

6

15

6

15

7

15

6


Q2 FY12 Q2 FY13

ATP

34

44

54

45


Q2 FY12 Q2 FY13

SPH

13

4

15

0

15

0

15

0


H1 FY12 H1 FY13

ATP

35

43

51

44


H1 FY12 H1 FY13

SPH


11

Upcoming Properties

Location Screens Seats Expected Start

Date % Work

Completed

Pune 2 - Kumar Pacific 4 976 - 55%

Chennai -Velachery 5 1,290 Q4: FY 12-13 80%

TOTAL 9 2,266

Existing Properties

Particulars Location Type Start date Screens Capacity ET Exemption

Goregaon Multiple Screen Dec-97 2 698 No

Kandivali Single Screen Feb-98 1 287 No

Andheri E Single Screen Aug-98 1 362 No

Sion Multiple Screen Oct-00 5 827 No

Thane Wonder Multiplex Dec-03 4 1,136 No

Mira Road Multiplex May-04 3 1,018 No

Versova Multiplex Sep-05 6 1,477 No

Kandivali E Multiplex Apr-06 4 1,267 No

Thane Eternity Multiplex May-06 4 1,035 No

Bandra Single Screen Jul-07 1 195 No

Kalyan Multiplex Jan-09 2 479 No

Vashi Multiplex Nov-07 3 914 No

Ghatkopar Multiplex Sep-09 4 1,250 Yes

Malad Multiplex Sep-11 5 824 No

Total Locations 14 45 11,769

Nashik Multiplex May-04 3 1,002 No

Nashik2 Multiplex Nov-07 2 431 No

Nagpur Mall+Multiplex Jun-08 3 1,007 Yes

Nashik3 Multiplex Nov-09 5 1,016 No

Pune Multiplex Jul-11 4 975 No

Malegaon Multiplex Dec-10 3 1,033 Yes


Mumbai

Maharashtra

(Ex Mumbai)

Existing Properties

Particulars Location Type Start date Screens Capacity ET Exemption

Gandhinagar Mutiplex Dec-07 4 862 No

Ahmedabad - Dev Arc Mutiplex Apr-08 4 1,013 No

Rajkot Mutiplex Sep-08 3 777 No

Ahmedabad - Red Carpet Mutiplex Jul-09 4 991 No

Shiv Mutiplex Sep-10 3 637 No

Baroda Mutiplex Oct-10 2 330 No

Surat Mutiplex Oct-11 3 716 No


Kolkata Mutiplex Dec-08 4 1,208 Yes

Silliguri Mutiplex Dec-09 4 974 Yes


Bengaluru1 Mutiplex Jun-11 4 795 No

Bengaluru2 Mutiplex Dec-11 6 1,084 No


Hyderabad Mutiplex Jan-09 3 1,001 No

Cyberabad Mutiplex Jun-12 6 947 No


Assam Guwahati Mutiplex May-07 2 500 Yes

Chhattisgarh Raipur Mutiplex Feb-11 5 1,055 Yes

Haryana Panipat Mutiplex Sep-07 3 663 No

Delhi Delhi Mutiplex Apr-11 6 1,116 No

Uttar Pradesh Kanpur Mutiplex Nov-09 3 999 Yes

Kerala Cochin Mutiplex Apr-10 4 634 No


Grand Total Locations 39 138 33,535

Andra Pradesh

Gujarat

West Bengal

Karnataka

14

Property Details

88

15 12 23

West East North South

Screen

27

4 3 5


Locations

22,559

3,737 2,778 4,461


Seats

8,026

25,509

8

31

0

5

10

15

20

25

30

35

-

5,000

10,000

15,000

20,000

25,000

30,000

Tax Free Taxable

ETax Status

Seats Locations

138

10

128

Screens Single Screen Multiplex

Screens

Events Q2 FY12-13

Barfi - First Look Launch – Cinemax Versova Chakravyuh - First Look Launch – Cinemax Versova

Ganga Devi - Music Launch – Cinemax Versova In the Name of Tai - Music Launch – Cinemax Versova

Contact Details

Rasesh Kanakia - Chairman, Kanakia Group [email protected] Himanshu Kanakia – Managing Director, Kanakia Group [email protected] Jitendra Mehta – Group CFO [email protected] Mayur Parekh – VP – Accounts & Finance [email protected]

Corporate Office:

215, Atrium,10th Floor, Opp. Divine School, J.B. Nagar, Andheri (E), Mumbai 400059. India. Tel: 6726 8888. Fax: 67268899/67268800. Web:www.cinemax.co.in

Thank You

q2/h1 fy 2012-13 meet/132807_20121109.pdf · disclaimer this presentation is strictly confidential...

Documents