LIFESTYLEmajor.listedcompany.com/misc/quarterly/20170224-major-quarterly-4q2016.pdfFinancial...
Transcript of LIFESTYLEmajor.listedcompany.com/misc/quarterly/20170224-major-quarterly-4q2016.pdfFinancial...
LIFESTYLEentertainment
4Q16 Analyst MeetingParagon Cineplex, 20th February 2017 1
MAJOR CINEPLEX GROUP PLC.
MAJOR CINEPLEX GROUPAGENDA
COMING ATTRACTION MOVIE LINE-UP
FINANCIAL OVERVIEW
P.3
FINANCIAL HIGHLIGHT RESULT
EXPANSION PLAN
GROWTH PROTENTIALS
LIFESTYLEentertainment
P.3
P.5
STRATEGIC INVESTMENT
P.14
P.16
P.17
P.20
YEARLY REVENUE BREAKDOWN P.6
2
REVENUE BREAKDOWN BY SEGMENT
P.4
BALANCE SHEET SNAPSHOT
P.15
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FINANCIAL OVERVIEW 3
IMAX
Financial Highlights2016 YEARLY BRIEFING LIFESTYLE
entertainment
4
•Thai Movie and Expansion branches built more revenue and high margin.
Amt. %
Revenue 8,580 100% 8,745 100% 165 2%
Gross margin 3,028 35% 3,165 36% 137 5%
EBITDA 2,544 30% 2,624 30% 80 3%
EBIT 1,637 19% 1,588 18% (49) -3%
Net Profit 1,171 14% 1,188 14% 17 1%
Bt.Million 2015 2016growth
Revenue Breakdown by segmentBUSINESS REVIEW
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5 5
Data as of FY2016
Major Group's Revenue Breakdown 2016 2015
Cinema Business
72% 69%(Admission sales + Concession sales)
Advertising Business 15% 14%
Rental & Service Business 5% 6%
Bowling & Karaoke Business 5% 5%
Movie Content
3% 5%(Content Provider & Local Production)
Total Revenue 100% 100%
Revenue Breakdown2016 YEARLY BRIEFING LIFESTYLE
entertainment
6
Admissions Sale
+6% (+275mb.)Concession
+5% (+68mb.)Advertising
+5% (+64mb.)
Bowling
group
(-6%) (25mb.)
Retails
(-9%) (45mb.)Movie Content
(-37%) (172mb.)
Core businesses growth from more locations.
(Admissions rev., Concession rev., Advertising rev.)Total Revenue
+2%(+165mb.)
2015 2016
Revenue : Admissions 2016 YEARLY BRIEFING
-
-
Q Q
Guest Count(million) ATP
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ATP
+1%
2015 2016
Admissions Sale
+6%(+275mb.)
678
“Screen expansion”
-
-
Q Q
Guest Count(million) ATP
“ATP & Guest counts”
Guestcounts
+4%(+1.1 mill.)
601
+77 screens(+22 Branches)
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Revenue : Admissions 2016 YEARLY BRIEFING LIFESTYLE
entertainment
“More locations built revenue growth”
2016B
t.m
illio
nB
t.m
illio
n
2015 2016
Admissions Sale
+6%(+275mb.)
Bt.
mill
ion
2015
8
Revenue : Concession2016 YEARLY BRIEFING LIFESTYLE
entertainment
ConcessionRevenue
+5%(+68mb.)
Bt.
mill
ion
2015 20169
Revenue : Advertising2016 YEARLY BRIEFING LIFESTYLE
entertainment
Advertising
+5%(+64mb.)
Bt.
mill
ion
2015 201610
Revenue: Bowling Group2016 YEARLY BRIEFING LIFESTYLE
entertainment
11
Maintain revenue & high margin while closed 5 locations
Bowling group
(6%)(25mb.)
Bt.
mill
ion
2015 2016
Currently, with 15 Locations, 290 Bowling Lanes, 174 Karaoke Rooms and 5 Ice Skating Rinks.
Revenue: Retails
2016 YEARLY BRIEFING LIFESTYLEentertainment
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RetailsRevenue
(9%)(45mb.)
• Revenue and Occupancy dropped from Ratchayothin(Ratchayothin Bridge closure and Construction for Skytrain)
Bt.
mill
ion
2015 2016
Revenue: Movie Contents
2016 YEARLY BRIEFING LIFESTYLEentertainment
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• Thai movies built growth of Film rights and Film production
• Scale down Home Entertainment business
Consolidation
+36% (+33mb.)
(-79%)(225mb.)
+31%(+23mb.)
(-43%) (3mb.)
Bt.
mill
ion
Movie ContentRevenue
(-37%) (172mb.)
2015 2016
2016 YEARLY BRIEFING LIFESTYLEentertainment
B/S Snapshot
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B/S Snapshot
Dec 31,15 Dec 31,16
AS
SET
S
AS
SET
S
EQU
ITY
EQU
ITY
LIA
BIL
ITIE
S
LIA
BIL
ITIE
S
Asset grew slightly due to branches expansion while Net D/E maintained at
low level.
+3.4% +5.4%
+1.0%
0.700.62 0.65 0.62
-0.50
-0.30
-0.10
0.10
0.30
0.50
0.70
0.90
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
2013 2014 2015 1Q16
Equity Net interest-bearing debts Net D/E
Bt.million Dec 31,15 Dec 31,16 %chg
Assets 14,246 14,725 3.4%
Liabilities 7,598 8,007 5.4%
Equity 6,648 6,718 1.0%
Strategic investment and hidden profit2016 YEARLY BRIEFING LIFESTYLE
entertainment
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%Share & Closing price as on16 Feb 2017 Bt.million
Investments %ShareCost per
Share
Major's
Cost
Market
value
Unrealized
Gain(Loss)
Siam Future 25.19% 2.93 1,311 2,954 1,642
MJLF 33.00% 10.00 1,089 1,634 545
MPIC 92.46% 1.67 2,003 1,767 -236
PVRL 1.89% 120.45 107 557 450
Total 4,510 6,911 2,401
AS
SET
S
EQU
ITY
• Investment portfolio as of 16th February 2017:• 25.19% in Siam Future Development Plc. (SF)• 33.00% in Major Cineplex Lifestyle Leasehold Property Fund (MJLF)• 92.46% in M Pictures Entertainment Plc. (MPIC)• 40.00% in Thai Ticket Major Co., Ltd.• 1.89% in PVR Limited (PVRL)• 49.00% in PVR blu-O Entertainment Limited• 69.97% in Major Platinum Cineplex Co.,ltd. (Cambodia)• 59.98% in Major Platinum Cineplex Co.,ltd. (Lao)• 99.99% in Cineplex (Lao) Sole Co.,ltd.• 49.00% in CJ Major Entertainment
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GROWTH POTENTIALS 16
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JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
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Big Blockbuster Studios Release Schedule 2017
MAJOR CINEPLEX GROUP
*Please note that release dates are subject to change. 17
1Q17xXx 3: The Return of Xander Cage Resident Evil: The Final Chapter Logan (Wolverine 3)Kong: Skull IslandGuardiansBeauty and the BeastFifty Shades Darker John Wick 2Power RangersArrivalThe lego Batman MovieTrainspotting 2Ghost in the shell La La LandThai Movies Mr. Hurt (Transformation) – ComedyOver Size (T Moment) - ComedyThongdee the warrior - ActionSiamsquare - HorrorFifteen - Romance/ComedyThe Moment – RomanceThe Attic – HorrorPresent Perfect - Romance/ComedyMind Memory 1.44 - Romance
*Please note that release dates are subject to change.
LIFESTYLEentertainment
1Q17 Coming Attraction Movies
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MAJOR CINEPLEX GROUP
2Q17
Fast & Furious 8
Transformers: The Last Knight
Pirates of the Caribbean 5
Guardians of the Galaxy 2
The Mummy
King Arthur: Legend of the Sword
Wonder Woman
World War Z 2
Alien: Covenant
Smurfs: The Lost Village
Despicable Me 3
Baywatch
Doraemon Space Hero
Thai Movies
Tud Tu Goo Chart
Thai Movie - Transformation
*Please note that release dates are subject to change.
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2Q17 Coming Attraction Movies
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MAJOR CINEPLEX GROUP
LIFESTYLEentertainment
MAJOR opened 77 new screens to its portfolio in 2016 and plan to open another 70 - 80 screens in 2017.
2Q12 2Q13 20
EXPANSION PLAN
Summary Screen Opening in 201677 Screens, 23 Locations
Screen Opening in 2017 (Tentative)
No. Location Screens LocationOpening
Date
1 Big C Lopburi (Opened 14 Feb) 5 92 1Q16(9 Screens)2 Big C Ratchaburi (Opened 31 Mar) 4 93
3 Phayao (Opened 6 Apr) 3 94
2Q16(15 Screens)
4 Ayutthaya Park (Opened 12 May) 6 95
5 Big C Ranong (Opened 13 May) 3 96
6 Lotus Satoon (Opened 19 May) 3 97
7 Friendship Mall Pakse (Opened 11 Aug) 4 98
3Q16(16 Screens)
8 Lotus Nakornpathom (Opened 18 Aug) 4 99
9 Big C Buriram (Opened 8 Sep) 5 100
10 Lotus Nadee (Opened 17 Sep) 3 101
11 Blu Port (Opened 1 Oct) 6 102
4Q16(37 Screens)
12The Mall Korat (Additional Screens) (Opened 8 Oct)
2 -
13 Lotus Phimai (Opened 20 Oct) 2 103
14 Big C Lampang (Opened 20 Oct) 4 104
15 Lotus Phayakkhum Pisai (Opened 10 Nov) 2 105
16 Big C Suksawas (Opened 12 Nov) 4 106
17 Big C Banphai (Opened 16 Nov) 2 107
18 Lotus Jana (Opened 24 Nov) 2 108
19 Big C Samutprakarn (Opened 25 Nov) 2 109
20 Jaemfah Lamphun (Opened 8 Dec) 4 110
21 Big C Lamphun (Opened 10 Dec) 3 111
22 Big C Sichon (Opened 15 Dec) 2 112
23 Lotus Prachuabkirikhan (Opened 25 Dec) 2 113
No. Location Screens LocationOpening
Date
1 Lotus Nakornpathom 2 114 Q1/17(7 Screens)2 Robinson Phetchaburi 5 115
3 Lotus Sukhothai 1 116
Q2/17(10 Screens)
4 Big C Pathumthani 5 117
5Big C Korat 2 (Nakornratchasima)
4 118
6 Uttaradit 4 119
2H17(42 Screens)
7World Trade Center Viantian –Laos
7 120
8 Big C Nakornratchasima 3 121
9 Robinson Hua Mark 4 122
10 Big C Chonburi 3 123
11 Lotus Phatthalung 2 124
12 Lotus Phitsanulok 2 125
13 Lotus Phichit 2 126
14 Lotus Angthong 2 127
15 Ocean Chumphon 5 128
16 Sahathai Nakhonsithammarat 2 129
17 Singburi 3 130
18 Loei 3 131
LIFESTYLEentertainment
Capitalizing on provincial growth. MAJOR plans to expand its locations more in provincial, where thereis room for growth. Cinema is cheap entertainment that young people love to come and it got lessimpact from macro economic.
2Q12 2Q13
Focus on growth strategy platform to remain strong momentum earnings.
Data as of February 2017
EXPANSION PLAN
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M Generation (Loyalty Program) 2,500,000 Members
Facebook: www.facebook.com/MajorGroup 3,565,000 Fan page
Twitter: MajorGroup 2,000,00 Followers
Instagram: MajorFriends 254,000 Followers
Mobile Application 6,500,000 Download
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Major leverage by using social media and loyalty program to create frequency movie as well as nurture movie culture.
ID line: MajorFriends 15,433,000 Friends
BUSINESS REVIEW LIFESTYLEentertainment
LIFESTYLEentertainment
Thank You
LIFESTYLEentertainment
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