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LIFESTYLEentertainment
1Q19 Analyst MeetingParagon Cineplex, 13th May 2019
MAJOR CINEPLEX GROUP PLC.1
LIFESTYLEentertainment
FINANCIAL OVERVIEW 2
IMAX
Financial Highlights
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1Q19 QUARTERLY BRIEFING
Bt.Million 1Q19 1Q18Growth
Amt. %
Revenue 2,400 100% 1,950 100% 450 23%
Gross Margin 791 33% 620 32% 171 28%
Operating Profit 182 8% 100 5% 82 81%
EBITDA 566 24% 617 32% (51) -8%
EBIT 296 12% 342 18% (47) -14%
Core Profit 176 7% 148 7% 28 19%
Net Profit 205 9% 284 15% (79) -28%
LIFESTYLEentertainment
Note: Divestment from SF&PVRL (Share profit of investment) 1Q18 = 136MB THB
Revenue Breakdown
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2015 2016
1,0
29
1,2
95
Admission Revenue+26%
(+266mb.) Concession+21%
(+77mb.)
Advertising+19%
(+62mb.)
Bowling group(0.1%)
(0.1mb.)Movie Content
+250%(+44mb.)
Total Revenue+23%
(+450mb.)
1,9
50
2,4
00
17
61
32
5 38
7
99
99
10
5
10
6
37
4
45
1
1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19 1Q18 1Q19
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Retails(+1%)
(+1mb.)
1Q19 QUARTERLY BRIEFING
ATP & Guest Counts
Revenue : Admissions
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53% 49% 52% 46%
47% 51% 48% 54%
2017 2018 1Q18 1Q19
Bangkok & Vicinity Upcountry
Guest Counts Breakdown by Regional
ATP Breakdown (THB)
177 184 176 190
145 142 135 139
2017 2018 1Q18 1Q19
Bangkok & Vicinity Upcountry
ATP (THB)
162 162
156
163
2017 2018 1Q18 1Q19
32.137.8
9.15
0
5
10
15
20
25
30
35
40
2017 2018 1Q18 1Q19
Guest Counts (Million) Comp.&MPASS
1.02.3
0.32 1.09
31
.1 35
.5
7.136
.81
6.8
1
8.0
6
1Q19 QUARTERLY BRIEFING
Revenue : Admissions
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34% 31% 31% 29% 22% 23% 15% 26%
66% 69% 69% 71% 78% 77% 84% 74%
2011 2012 2013 2014 2015 2016 2017 2018
Local Hollywood
Thailand Market Breakdown by MoviesBox Office Breakdown by Regional
58% 55% 54% 58%
42% 45% 46% 42%
2017 2018 1Q18 1Q19
Bangkok & Vicinity Upcountry
287 MB 148 MB 139 MB 106 MB 104 MB
1Q19 QUARTERLY BRIEFING
Revenue : ConcessionLIFESTYLEentertainment
Concession Revenue & Margin
1,665 1,972
374451
68% 69%65% 68%
25%
30%
35%
40%
45%
50%
55%
60%
65%
70%
75%
100
600
1,100
1,600
2,100
2,600
2017 2018 1Q18 1Q19
Concession Revenue (THB) Margin (%)
% Con to Box Ratio
32.137.8
7.8 9.2
35% 36% 38% 37%
0%
5%
10%
15%
20%
25%
30%
35%
40%
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2017 2018 1Q18 1Q19
Admission (Million) % Con to Box
1Q19 QUARTERLY BRIEFING
Revenue : Advertising
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LIFESTYLEentertainment
1,394 1,340 325387
85% 84% 84% 80%
0%-
200
400
600
800
1,000
1,200
1,400
1,600
2017 2018 1Q18 1Q19
Advertising Revenue (Million) Margin (%)
Advertising Revenue
1Q19 QUARTERLY BRIEFING
ASS
ETS
EQU
ITY
LIA
BIL
ITIE
S
14,074 7,442
6,632
6,654 6,636 6,255 6,510 6,710
3,762 3,381 4,184 3,330 3,008
0.570.51
0.67
0.510.45
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
1Q18 2Q18 3Q18 4Q18 1Q19
Equity Net interest-bearing debts Net D/E
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Balance Sheet Snapshot
31Dec18
2% 2%
2%
Bt.million 31Dec18 31Mar19 %chg
Assets 14,074 13,892 -1%
Liabilities 7,442 7,053 -5%
Equity 6,632 6,839 3%
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ASS
ETS
EQU
ITY
LIA
BIL
ITIE
S
13,892 7,309
6,499
31Mar19
1Q19 QUARTERLY BRIEFING
Strategic investment and hidden profit
10AS
SET
S
EQU
ITY
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Investment portfolio as of 31th March 2019:• 26.08% 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.• 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
Closing price as on 29 March 2019 Bt.million
Investments %ShareCost per
ShareMajor’s
CostMarket Value
Unrealized Gain (Loss)
Siam Future 26.08% 4.68 2,169 3,522 1,353
MJLF 33.00% 10.00 1,089 1,372 283
MPIC 92.46% 1.63 1,959 1,959 -
Total 5,217 6,854 1,636
1Q19 QUARTERLY BRIEFING
LIFESTYLEentertainment
GROWTH POTENTIALS 11
Movie Attraction in 2H19, Total 14 Thai Movies in 2H19
MOVIE LINE UP 2H19
2H19
Spider-Man: Far from Home
The Lion King
Hobbs and Shaw
Jumanji Sequel
Frozen 2
Star Wars: Episode IX
Dark Phoenix
The New Mutants
The Joker
Annabelle 3
IT Chapter 2
Terminator
Artemis Fowl
Gemini Man
Charlie's Angels
Untitled Kingsman Movie
Superintelligence
The Angry Birds Movie 2
Thai Movies
Bikeman 2 - Romantic/Comedy
GDH - Romantic/Comedy
Estimate 14 Thai movies in 2H19
MOVIE LINE UP: MPIC GROUP
*Please note that release dates are subject to change. 13
2H19
142Q12 2Q13
EXPANSION PLAN LIFESTYLEentertainment
MAJOR targets to expand 60 – 70 additional screens nationwide and international in year 2019, most of the screens are located in upcountry area with Tesco Lotus and Big C (Hypermarket).
No. Location Screens LocationBKK&
Vicinity UPC Inter
Opening Date
1 ITECC Mall - Vientiane 4 160 P
1Q19(11 Screens)
2 Lotus Bansuan Chonburi 2 161 P
3 Lotus Jhomthong Chiangmai 1 162 P
4 Lotus Angthong 2 163 P
5 Lotus Detudom Ubonratthani 2 164 P
6 Lotus Lumlukka 2 165 P
2019(50-60 Screens)
7 Lotus Pranburi 2 166 P
8 Lotus Kantharalak 2 167 P
9 Lotus Nangrong 1 168 P
10 Lotus Chumsaeng 1 169 P
11 Lotus Maetang Chiangmai 1 170 P
12 Lotus Nikom Bang ka dee 2 171 P
13 Lotus Minburi 3 172 P
Additional screen with Big C and Tesco Lotus around 60 – 70 screens in 2019 (Location: To be announced)
MAJOR CINEPLEX GROUP PLC.
LIFESTYLEentertainment
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