+ All Categories
Home > Documents > 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy...

2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy...

Date post: 11-Mar-2020
Category:
Upload: others
View: 0 times
Download: 0 times
Share this document with a friend
36
2015 ANNUAL GENERAL MEETING 1 SAFE HARBOUR Certain statements made today may be “forward-looking statements” which are not guarantees of future performance and are subject to various risks and uncertainties. Forward-looking statements are based on management’s beliefs and assumptions regarding the information currently available and actual results may differ materially from those expressed. Factors that could cause results to vary are described in the Cineplex Inc. Annual Information Form and MD&A, both of which are available at www.sedar.com 2
Transcript
Page 1: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

2015ANNUAL GENERAL MEETING

1

SAFE HARBOUR

Certain statements made today may be “forward-looking statements” which

are not guarantees of future performance and are subject to various risks

and uncertainties. Forward-looking statements are based on management’s

beliefs and assumptions regarding the information currently available and

actual results may differ materially from those expressed.  Factors that

could cause results to vary are described in the Cineplex Inc. Annual

Information Form and MD&A, both of which are available at www.sedar.com

2

Page 2: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

2014 Accomplishments

Business Outlook For 2015

Plans For The Future

3

Executing Our Strategy

Diversifying Our Business

Establishing Platforms For Growth

4

Page 3: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

5

6

Page 4: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

CFO Gord Nelson

7

Total Revenue($millions)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$1,235$1,171

$1,092

$998$1,006$964

$850$805

$740

$490

8

Page 5: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Adjusted EBITDA

CAGR 13.0%

($millions)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$201$202$200

$173$168$160

$141$137

$118

$69

9

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$673$665$638

$577$598$581

$511$489

$459

$309

56.6 57.461.1

63.5

70.0 69.066.1

71.2 72.7 73.6

Box Office Revenue($millions)

Attendance (millions)10

Page 6: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Box Office Per Patron (BPP)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$7.73$7.99 $7.99 $8.05

$8.30$8.67 $8.74 $8.97 $9.15 $9.13

Premium Offerings11

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$375

$350$329

$292$295$288

$252$235

$214

$137

CAGR 11.8%

Food Service Revenue($millions)

$3.44

$3.72$3.84

$3.96$4.12

$4.27$4.41

$4.63$4.82

$5.09

Concession Per Patron (CPP)12

Page 7: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$134

$110

$84$91

$82

$67$61

$56

$47

$34

Media Revenue($millions)

CAGR 16.5%

Digital Media Revenue13

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$53

$46

$41

$38

$32

$28$26$25

$21

$10

CAGR 20.4%

Other Revenue($millions)

14

Page 8: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Q1 2015 Q1 2014 %

Box Office $156.0 $156.2 -0.1%

Concession $90.8 $87.1 4.2%

Media $29.1 $24.4 19.4%

Other $13.9 $12.3 12.9%

Total Revenue $289.8 $280.0 3.5%

Adjusted EBITDA $40.2 $30.9 30.3%

EBITDA Margin 13.9% 11.0% 2.9%

Attendance 17.5 17.3 1.5%

BPP $8.90 $9.04 -1.5%

CPP $5.18 $5.05 2.6%

Q1 2015 Results

15

Dividends

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

64%57%

64%65%

56%59%

67%69%

80%

112%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$1.48$1.41

$1.33$1.28$1.26$1.26$1.24

$1.18$1.15$1.15

Payout Ratio

Corporate Conversion

16

Page 9: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015

1.451.27

1.130.89

1.19

1.581.641.881.94

2.39

2.89

Maturity Capacity 2014 Drawn 2014 Reserved 2014 Remaining

Term Facility Oct. 2018 $150 $150 — —

Revolving Facility Oct. 2018 $250 $82 $5.4 $162.6

Total $400 $232 $5.4 $162.6

Covenant Leverage Ratio

Credit Facilities

17

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

18

Page 10: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

19

PREMIUM EXPERIENCESAccounted For

40% of Box Office

REVENUE

20

Page 11: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

12%OF BOX OFFICE

4%OF SCREENS

74AUDITORIUMS

21

22

Page 12: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

22

VIP

23

VIP

SEATSLUXURIOUS

FOODGREAT

SERVICEEXCEPTIONAL

24

Page 13: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

FOODFULL

AND

BARMENU

25

26

Page 14: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

FOOD SERVICE

DRIVING INCREMENTAL

REVENUE

27

28

Page 15: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Largest Amusement Gaming Company In Canada

29

Largest Amusement Gaming Company In Canada

30

Page 16: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

SCENE

Number of Members (millions)

2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015

6.66.3

5.3

4.3

3.3

2.7

2.1

1.4

0.6

SCENE: EXTRA BENEFITS

31

30

SCENE: EXTRA BENEFITS

32

Page 17: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

33

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.13

Empire: Pur

Continue to enhance and expand our existing infrastructure and service offerings.

34

Page 18: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

EK3: Purchased August 2013

Empire: Purchased October 2013

35

actions Area

COMING IN

2016

36

Page 19: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Attractions AreaPerformance Venue

37

Performance VenueUpscale Casual Dining and Bar

38

Page 20: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Upscale Casual Dining and Bar

39

actions Area

COMING IN

2016

40

Page 21: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

41

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

Cineplex MediaContinue to enhance and expand our existing infrastructure and service offerings.

42

Page 22: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Cineplex Media Cineplex Digital Media

43

44

Page 23: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

18CITIES

MORE THAN

725SCREENS

OVERWHELMINGRESULTSFOR ADVERTISERS

45

Strong Results for Advertisers

Digital Poster Cases

46

Page 24: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Digital Poster Cases

47

ENGAGING,INTERACTIVE

ADVERTISING EXPERIENCE

48

Page 25: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Touch

Gesture

Image Capture

Content Manipulation

Social Media Connectivity

Data Capture

INTERACTIVE MEDIA ZONE

ENGAGING,INTERACTIVE

ADVERTISING EXPERIENCE

49

INTEGRATEDMedia Campaigns

50

Page 26: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Path To Purchase Point Of PurchaseOxford Properties

51

Yorkdale

Oxford PropertiesIvanhoe Cambridge

52

Page 27: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Vaughan Mills

Ivanhoe Cambridge

53

Quick Service Restaurant

Financial

Retail Quick Service Restaurants

54

Page 28: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Quick Service RestaurantsFinancial

55

Quick Service RestaurantsFinancial

56

Page 29: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Financial

57

FinancialRetail

58

Page 30: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

RetailCINEPLEXDIGITAL MEDIA

59

CINEPLEXDIGITAL MEDIA

Page 31: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Continue to enhance and expand our existing infrastructure and service offerings.

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

61

Capitalize on our core media strengths.

Continue to expand our presence as an entertainment destination for Canadians, in-theatre, at-home and on-the-go

Corporate Strategy

Pursue selective acquisitions and diversification opportunities that are strategic, accretive and capitalize on our core business strengths.

Continue to enhance and expand our existing infrastructure and service offerings.

62

Page 32: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Cineplex Anywhere

In-Theatre At Home On-The-Go

63

Cineplex.com and Mobile App

Provides entertainment content before show

Mobile ticketing - no lines

GUESTEXPERIENCE

IMPROVING THE

64

Page 33: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Cineplex Store

65

La Boutique Cineplex

66

Page 34: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Cineplex Anywhere

In-Theatre At Home On-The-Go

67

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015

OUTSTANDING SHAREHOLDER RETURN

$50

45

40

35

30

25

20

15

10

5

CAGR 23%

68

Page 35: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

Questions and Answers

69

2015ANNUAL GENERAL MEETING

70

Page 36: 2015irfiles.cineplex.com/investors/presentations/2015/Cineplex_AGM_15_V17... · Corporate Strategy Pursue selective acquisitions and diversiÞcation opportunities that are strategic,

71

THANK-YOU

MOVIESand see you at the

72


Recommended