INOX Leisure — Q4 FY22 Earnings Presentation
34 slides from INOX Leisure's earnings presentation, May 2, 2022
Slide 1: Cover letter to stock exchanges
IN L I VE d-M OVI E 2nd May, 2022 To, BSELimited National Stock Exchange of India Limited P JTowers, Exchange Plaza, 5th Floor, Plot No C/1, Dalal Street, G Block, Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 532706 Symbol: INOXLEISUR Dear Sir / Madam, Sub.: Dis
Slide 2: Results Update Q4 & Full Year FY22
Results upvare Q4 & FULL YEAR FY22 METEORIC. METICULOUS. MIRACULOUS.
Slide 3: Disclaimer
THIS PRESENTATION (PRESENTATION) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF INOX LEISURE LIMITED (THE “COMPANY”) OR ITS SUBSIDIARY (TOGETHER WITH THE COMPANY, THE “GROUP”). The material that follows is a Presentation of general background information about the
Slide 4: Agenda
• Key Highlights • Financial Highlights: Q4/FY22 • Shareholding Structure • New Property Openings - Q4FY22 • Screen Outlook FY23 • Movie Pipeline • Enhanced Audience Outreach & Engagement • Cash-flow Planning • INOX PVR Proposed Merger • Annexure 3
Slide 5: Key highlights
Key highlights `260+ CR AS ON 30th Apr 2022 4
Slide 6: Result highlights Q4 FY22
Result highlights REVENUE EBIDTA* PAT* Q4 FY22 `325CR `21CR `-12CR Q4 FY21 `119CR `-60CR `-74CR *Excludes Impact of INDAS 116 5
Slide 7: Result highlights FY22
Result highlights REVENUE EBIDTA* PAT* FY22 `706CR `-87CR `-164CR FY21 `148CR `-204CR `-257CR *Excludes Impact of INDAS 116 6
Slide 8: Revenue breakup analysis
IN ~. x ~ ~ REVENUE BREAKUP ANALYSIS QSeS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Quarterly YoY Comparison in ₹ Cr Yearly YoY Comparison in ₹ Cr 300 - 350 325 250 706 23 61 300 13 34 Other Revenues 200 87 ■ 193 250 148 Advertisement ■ 150 200 *63 Net Food & Bev
Slide 9: Key Operational Metrics Q4 FY22
Key Operational Metrics FOOTFALLS OCCUPANCY% ATP SPH Q4 FY22 110Lakh 24% `218 `86 Q4 FY21 34Lakh 10% `172 `78 Footfalls with management properties is 115lakh/34.3lakh for Q4FY22/Q4FY21 respectively 8
Slide 10: Key Operational Metrics FY22
Key Operational Metrics FOOTFALLS OCCUPANCY% ATP SPH FY22 230Lakh 19% `217 `91 FY21 38Lakh 8% `170 `77 Footfalls with management properties is 240lakh/39lakh for FY22/FY21 respectively 9
Slide 11: Ind AS 116 impact on profit & loss
IN ~. x ~ ~ IND AS 116 IMPACT ON PROFIT & LOSS QSeS) L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM I TEAM m\JDIA Q4FY22 Q3FY22 Q4FY21 FY22 FY21 Consolidated Profit & Loss ............................................. Ind AS 116 Without Without Without Ind AS 116 Without Without [In
Slide 12: Strong balance sheet
IN ~. x ~ ~ STRONG BALANCE SHEET I TEAM m\JDIA QSeS) L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Consolidated Balance Sheet [In ₹ Cr] Mar-22 Mar-21 Sources of Funds Share Capital [+]Other Equity 122 570 112 520 STRONG Balance Sheet a F.Rii ~ et DEBm Total Shareholder funds [+]Non
Slide 13: Good content & exceptional footfalls
Closing revenue gaps from pre-covid levels IN ♦:X 1 = Q5eS) ~ L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Net Box Office + Net F&B Revenues Monthwise Trend (₹Cr) - FY20 FY22 198 162 167 160 146 153 139 146 138 135 111 130 98 88 44 40 47 51 27 18 Apr 0 May 0 Jun 0 Jul 15 Aug Sep O
Slide 14: Operational fixed cost
Operational Fixed Cost Employee Benefit Expense (Incl. Agency Manpower) (₹ Cr) Power & Fuel, R&M (₹ Cr) 35.0 29.2 30.0 47.2 30.0 24.1 50.0 41.9 37.0 25.0 45.0 40.0 20.0 14.3 35.0 27.1 28.4 15.0 10.1 30.0 10.0 25.0 5.0 20.0 15.0 - Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22
Slide 15: Shareholding structure
Shareholding structure IN tc:X 1=QS6) ~ L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Share Price Performance Market Data As on 29-Apr-22 600 No. of Shares Outstanding (Cr) 12.2 500 400 Face Value ( ₹ ) 10.0 300 Price ( ₹ ) 502.25 200 52 week High/Low ( ₹ ) 563.60/262.60 100 Market
Slide 16: Property openings FY22
Property openings FY22 Property Names Date Of Opening Properties Screens Seats Bangalore SBR Horizon 13-Apr-21 1 5 694 Jaipur JTM 28-Aug-21 1 3 585 Bhilwara Reliance Mall 18-Sep-21 1 3 625 Guwahati Aurus 09-Oct-21 1 4 183 Dhanbad Prabhatam Grand Mall 23-Dec-21 1 4 888 Gurugram World Mark 24-Dec-21 1
Slide 17: New property openings Q4FY22
IN - ;X ~ ~ New Property Openings Q4FY22 Q5eS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM SELVAM SQUARE, VELLORE S-MALL, TUMAKURU OPENED ON 411 FEBRUARY 2022 OPENED ON 15' MARCH 2022 Additionally, Opened Gurugram AIPL with 6 screens and 940 seats on 14th Apr 2022 1
Slide 18: Cities, properties, screens and seats
CITIES m PROPERTIES cm SCREENS 1,52,896 SEATS PUNJAB | 3 Properties | 13 Screens DELHI | 5 Properties | 16 Screens UTTAR PRADESH | 12 Properties | 54 Screens JHARKHAND | 2 Property | 8 Screens SCREENS ZONE WISE HARYANA | 10 Properties | 38 Screens RAJASTHAN | 15 Properties | 53 Screens MADHYA PRADES
Slide 19: Screen outlook for FY23
IN ~. x ~ ~ Screen outlook for FY23 QSeS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM FY23 Openings /Upcoming Openings Properties Screens Seats Properties/Cities Opening Date Properties Screens Seats Upto FY22 160 675 152,173 Gurgaon AIPL Joystreet 14th Apr 2022 1 6
Slide 20: Backed by blockbuster movies
Valimai (Tamil) Bheemla Nayak (Telugu) Gangubai Kathiawadi ₹105 Cr. ₹110 Cr. ₹127 Cr. Backed By The Kashmir Files ₹250 Cr. Radhe Shyam (All Languages) ₹104 Cr. RRR (All Languages) ₹750 Cr. 6 Above figures are All INDIA Net Box Office collection from various Industry Sources. 19
Slide 21: Movies in FY23
t.iOVIES IN FY23 IN • :X 1:.:::. QS6) L I VE //,, MO VI E OFFICIAL SPONSOR FT •-iiiiiiiiiiiiiiiiiiiiii_ _ _ _ _iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Sr Release Date Movie Language Cast Director 1 01-Apr-22 ATTACK HINDI John Abraham, Rakul Preet Singh, Premhansh, Jacqueline Fernandez Laksh
Slide 22: Movies in FY23 (continued)
Release Date Movie Language Cast Director 31 15-Jul-22 PHONE BHOOT HINDI Katrina Kaif, Ishaan Khatter, Siddhant Chaturvedi Gurmeet Singh 32 22-Jul-22 SHAMSHERA HINDI Ranbeer Kapoor, Sanjay Dutt, Vaanii Kapoor Karan Malhotra 33 29-Jul-22 THANK GOD HINDI Ajay Devgn, Rakul Preet Singh, Siddharth Malhot
Slide 23: Audience outreach & engagement
~ UPDATE 04 & FULL YEAR FY22 e AUDIENCE OUTREACH & ENGAGEMENT 22
Slide 24: Aggressive movie marketing
‘TEAM INDIA Re ka. RO TE Q4 & sooner | PULL TEAR EY? AGGRESSIVE MOVIE MARRETING MOVIE PROMOTIONS 23
Slide 25: InstaPay launch
INSTAPAY LAUNCH IN@X | Gorn Results UPDATE Q4 & FULL YEAR FY22 INTRODUCING INOX ; INSTA YAY* DISCOUNTS. OFFERS. ENTERTAINMENT. ] & n10 21500 22000 - 750 Activate InstaPay on the INOX app nov -TIME INITIAL WALLET ACTIVATION OFFER oF INR 1000 and above 24
Slide 26: Fund planning
FUND DEBTTO CAPEX PLANNING EQ_UITY • • ₹ ₹ • • • • ₹ ₹ 25
Slide 27: INOX PVR proposed merger
IN ~. x ~ ~ INOX PVR PROPOSED MERGER QSeS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM • On 27 th Mar'22, INOX Leisure Ltd., board approved the draft scheme of merger of INOX Merger 1 Leisure Ltd. with PVR Ltd., subject to necessary approvals. • Value creation for a
Slide 28: INOX PVR proposed merger
IN ~. x ~ ~ INOX PVR PROPOSED MERGER QSeS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM • The merged entity will be named as PVR INOX Limited and all new cinema screens will be Branding 5 branded as 'PVR INOX' post merger • Branding of existing screens would remain a
Slide 29: Annexure
ANNEXURE 28
Slide 30: Consolidated balance sheet (including Ind AS 116)
CONSOLIDATED Balance Sheet (Including INDAS 116) IN tc:X 1=QS6) ~ L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Equity & Liabilities [In ₹ Cr] Mar-22 Mar-21 Assets [In ₹ Cr] Mar-22 Mar-21 Equity: Non-Current Assets: Equity Share Capital 122 112 Property, Plant & Equipment 928 941 O
Slide 31: Consolidated profit & loss (including Ind AS 116)
CONSOLIDATED PROFIT & LOSS (Including INDAS 116) IN tc:X 1=QS6) ~ L I VE //,, MO VI E OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM Particulars [ In ₹ Cr] Q4FY22 Q4FY21 YoY % Q3FY22 QoQ % FY22 FY21 YoY % Total Revenue 325 119 173.1% 301 8.0% 706 148 377.0% Exhibition Cost 92 23 300.0% 85 8.2% 196 26 6
Slide 32: Track record of aggressive expansion
IN ~. x ~ ~ TRACK RECORD OF AGGRESSIVE EXPANSION QSeS) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM - screens 160 161 Properties 147 152 ■ ■ ■ Lt) .---I M r-- co tO s;j" tO tO N tO s;j" tO r-- Lt) N 68 co 0) tO s;j" 0 s;j" N N s;j" r-- 22 26 0 M 16 r-- 0) r-- .---I M
Slide 33: Well diversified presence across India
IN f:;X ~ ~ Well Diversified Presence Across India QS6) L I VE //,, MO VI E I TEAM m\JDIA OFFICIAL SPONSOR OF THE INDIAN OLYMPIC TEAM 161 Properties 72 Cities • WELL DIVERSIFIED South, 33, East, 26, 16% South, 17, East, 11, 21% 15% DISTRIBUTION OF 24% MULTIPLEXES ACROSS INDIA West, 23, • ACCESS TO W
Slide 34: Thank you
wr Tare You VP — INVESTOR RELATIONS & BUSINESS ANALYSIS [email protected] — | | eX | teamnnnia | Results, =) ae UPDATE Q4 & tivedmovie | CP) EU YEAR FY22 oor 2 EEE 33)