LIFESTYLEentertainment
3Q17 Analyst MeetingParagon Cineplex, 13th November 2017
MAJOR CINEPLEX GROUP PLC.1
MAJOR CINEPLEX GROUPAGENDA
COMING ATTRACTION MOVIE LINE-UP
FINANCIAL OVERVIEW
FINANCIAL HIGHLIGHT RESULT
EXPANSION PLAN
GROWTH PROTENTIALS
P.3
P.6
STRATEGIC INVESTMENT
P.11
P.13
P.14
P.17
QUARTERLY REVENUE BREAKDOWN P.7
2
REVENUE BREAKDOWN BY SEGMENT
P.4
BALANCE SHEET SNAPSHOT
P.12
LIFESTYLEentertainment
LIFESTYLEentertainment
FINANCIAL OVERVIEW 3
IMAX
Financial Highlights
4
3Q17 QUARTERLY BRIEFING
Bt.Million 3Q16 3Q17Growth
Amt. %
Revenue 2,127 100% 2,200 100% 74 3%
Gross Margin 779 37% 712 32% (67) (9%)
EBITDA 702 33% 674 31% (29) (4%)
EBIT 445 21% 402 18% (43) (10%)
Net Profit 333 16% 302 14% (30) (9%)
LIFESTYLEentertainment
• Revenue growth from Cinema business.• Net Profit decreased from divestment of PVRL (3Q17 : 98mb., 3Q16: 149mb.)
Financial Highlights
5
9M17 HALF YEARLY BRIEFING
Bt.Million 9M16 9M17Growth
Amt. %
Revenue 6,850 100% 7,114 100% 264 4%
Gross Margin 2,569 38% 2,481 35% (88) (3%)
EBITDA 2,215 32% 2,295 32% 80 4%
EBIT 1,463 21% 1,481 21% 17 1%
Net Profit 1,103 16% 1,119 16% 16 1%
LIFESTYLEentertainment
Revenue growth from Core business.
Revenue Breakdown by segment
6
3Q17 QUARTERLY BRIEFING LIFESTYLEentertainment
Major Group’s Revenue Breakdown 9M17 Margin
Cinema 74% 29%
Admission Revenue 56% 15%
Concession Revenue 19% 67%
Advertising Business 15% 87%
Bowling & Karaoke Business 4% 38%
Rental & Service Business 5% 9%
Movie Content(Content Provider & Local Production)
2% (42%)
Total Revenue 100% 35%
Admission Revenue
56%
Movie Content
2%
Bowling & Karaoke Business
4%
Rental & ServiceBusiness
5%
AdvertisingBusiness
15%
Concession Revenue
19%
Revenue Breakdown
7
2015 2016
1,1
31
1,1
42
Admission Revenue
+1%(+11mb.)
Concession
+23%(+76mb.)
Advertising
(5%)(19mb.)
Bowling group
(1%)(1mb.)
Movie Content
+40%(+25mb.)
Total Revenue+3%
(+75mb.)
2,1
27
2,2
00
64
89
36
5
34
5
11
4
11
3
11
9
10
1
33
5
41
1
3Q16 3Q17
3Q17 QUARTERLY BRIEFING
3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17 3Q16 3Q17
LIFESTYLEentertainment
Retails
(15%)(17mb.)
28.5 29.7
7.0 7.9
165 166 165 160
0
10
20
30
40
50
60
70
80
90
100
110
120
130
140
150
160
170
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
2015 2016 3Q16 3Q17
Guest Counts (Million) ATP (THB)
ATP & Guest Counts
Revenue : Admissions
8
3Q17 QUARTERLY BRIEFING LIFESTYLEentertainment
59% 59% 56% 53%
41% 41% 44% 47%
2015 2016 3Q16 3Q17
Bangkok & Vicinity Upcountry
Guest Counts Breakdown by Regional Box Office Breakdown by Regional
63% 63% 60% 58%
37% 37% 40% 42%
2015 2016 3Q16 3Q17
Bangkok & Vicinity Upcountry
ATP Breakdown (THB)
177 178 178 176
148 149 149 142
2015 2016 3Q16 3Q17
Bangkok & Vicinity Upcountry
Revenue : Concession3Q17 QUARTERLY BRIEFING LIFESTYLE
entertainment
Concession Revenue & Margin
1,375 1,443
335 411
1,143 1,324
68% 68% 69%63%
69% 67%
20%
30%
40%
50%
60%
70%
80%
100
600
1,100
1,600
2,100
2015 2016 3Q16 3Q17 9M16 9M17
Concession Revenue (THB) Margin (%)
% Con to Box Ratio
28.5 29.7
7.0 7.9
23.3 25.9
31% 31% 31%37%
31%35%
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
2015 2016 3Q16 3Q17 9M16 9M17
Admission (Million) % Con to Box
Revenue : Advertising
10
3Q17 QUARTERLY BRIEFING LIFESTYLEentertainment
• Advertising revenue was temporary declined due to main sponsor reduce advertising budget.
• Consistence high margin.
Suzuki Movie Marathon 2017 Isuzu national anthems press conference
1,224 1,287
365 345
1,005 1,033
86% 86% 86% 87% 86% 87%
0%-
200
400
600
800
1,000
1,200
1,400
2015 2016 3Q16 3Q17 9M16 9M17
Advertising Revenue (Million) Margin (%)
Advertising Revenue
ASS
ETS
EQU
ITY
LIA
BIL
ITIE
S
14,156 7,664
6,4936,716 6,718 6,976 6,896 6,493
3,913 4,643 4,708 4,409 3,853
0.69 0.700.63
0.560.64
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
3Q16 4Q16 1Q17 2Q17 3Q17
Equity Net interest-bearing debts Net D/E
11
Balance Sheet Snapshot
Dec 31,16 Sep 30,17
Net D/E ratio maintained at low level compare with Y2016 even though Major has continued expansion.
(4%) (4%)
(4%)
ASS
ETS
EQU
ITY
LIA
BIL
ITIE
S
14,725 8,007
6,718
3Q17 QUARTERLY BRIEFING
Bt.million Dec 31,16 Sep 30, 17 %chg
Assets 14,725 14,156 (4%)
Liabilities 8,007 7,664 (4%)
Equity 6,718 6,493 (3%)
LIFESTYLEentertainment
Bt.million Dec 31,16 Sep 30,17 %chg
Assets 14,725 14,156 (4%)
Liabilities 8,007 7,664 (4%)
Equity 6,718 6,493 (3%)
Strategic investment and hidden profit
12AS
SET
S
EQU
ITY
Investment portfolio as of 30th September, 2017:• 25.27% 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.• 0.62% 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
3Q17 QUARTERLY BRIEFING
Closing price as on 30 September 2017 Bt.million
Investments %ShareCost per
ShareMajor’s
CostMarket Value
Unrealized Gain (Loss)
Siam Future 25.27% 3.64 1,636 2,874 1,238
MJLF 33.00% 10.00 1,089 1,361 272
MPIC 92.46% 1.67 2,003 2,044 41
PVRL 0.62% 120.45 35 212 177
Total 4,763 6,491 1,728
LIFESTYLEentertainment
LIFESTYLEentertainment
GROWTH POTENTIALS 13
*Please note that release dates are subject to change.
4Q17 Coming Highlight Movies
14
MAJOR CINEPLEX GROUP LIFESTYLEentertainment
4Q17
Thor: Ragnarok
Justice League
Star War: The Last Jedi
Geostorm
Jumanji
Murder on the Orient Express
Only the Brave
Beyond Skyline
Olaf's Frozen Adventure
Coco
The Snowman
Pitch Perfect 3
Ferdinand
Blade Runner 2049
Thai Movies
Jazz the dog - Comedy
Pemika - Comedy/Horror
Realms - Thriller
Total 9 Thai Movies in 4Q17
*Please note that release dates are subject to change.
1Q18 Coming Highlight Movies
15
MAJOR CINEPLEX GROUP LIFESTYLEentertainment
1Q18
Pacific Rim: Uprising
Black Panther
Maze Runner
Tomb Raider
Insidious : Chapter 4
Fifty Shades Freed
Alpha
Cloverfield 2017
Samson
Red Sparrow
Ready Player One
Robin Hood: Origins
Thai Movies
9 Satra - Animation
Khun Pun 2 – Action
Tud Tu Goo Chart – Comedy
3 AM 100 Days – Horror
Sodemacom Killers – Comedy
Estimate 10 Thai Movies in 1Q18
2018 Coming Attraction with many blockbusters and sequel movies.
16
1Q
18
Black PantherPacific Rim: UprisingTomb RaiderMaze RunnerInsidious : Chapter 4Ready Player One
2Q
18
Jurassic World: Fallen Avengers: Infinity WarX-Men: The New MutantsDeadpool 2Star Wars: Han Solo
3Q
18
Ant-Man and the WaspMission Impossible 6The PredatorThe Equalizer 2The Purge 4
4Q
18
Jungle Book 2X-Men: Dark PhoenixVenom (Animated Spider Man)AquamanFantastic Beast 2Bumblebee
16
LIFESTYLEentertainmentMOVIE LINE UP 2018
17
MAJOR currently operated 702 screens nationwide and CLMV.
2Q12 2Q13
EXPANSION PLAN
76% 74% 70% 71% 61% 59% 57% 52% 49%
24% 26% 30% 29% 39% 41% 43% 48% 51%
0%
20%
40%
60%
80%
100%
120%
Y'09 Y'10 Y'11 Y'12 Y'13 Y'14 Y'15 Y'16 Y'17
BKK UPC
N o . L o c a t i o n S c r e e n s L o c a t i o n O p e n i n g D a te
1 L o tu s N a k o r n p a th o m 2 1 1 4
2 R o b i n s o n P h e tc h a b u r i 5 1 1 5
3 L o tu s S u k h o th a i 1 1 1 6
4 B i g C P a th u m th a n i 5 1 1 7
5 B i g C K o r a t 2 (N a k o r n r a tc h a s i m a ) 4 1 1 8
6 U tta r a d i t 4 1 1 9
7 W o r l d T r a d e C e n te r V i a n t i a n - L a o s 7 1 2 0
8 B i g C N a k o r n r a tc h a s i m a 3 1 2 1
9 R o b i n s o n H u a M a r k 4 1 2 2
1 0 B i g C C h o n b u r i 3 1 2 3
1 1 L o tu s P h a t th a l u n g 2 1 2 4
1 2 L o tu s P h i t s a n u l o k 2 1 2 5
1 3 L o tu s P h i c h i t 2 1 2 6
1 4 L o tu s A n g th o n g 2 1 2 7
1 5 O c e a n C h u m p h o n 5 1 2 8
1 6 S a h a th a i N a k h o n s i th a m m a r a t 2 1 2 9
1 7 S i n g b u r i 3 1 3 0
1 8 L o e i 3 1 3 1
Q 1 /1 7
(7 S c re e n s )
2 H 1 7
(4 2 S c re e n s )
Q 2 /1 7
(1 0 S c re e n s )
Screen Opening in 2017 (Tentative) – 16 Locations in upcountry, 2 locations in Bangkok & Vicinity and 2 locations in CLMV.
LIFESTYLEentertainment
No. Location Screens LocationBKK&
Vicinity UPC Inter Opening Date
1 Lotus Nakornpathom (Opened 6 Apr) 2 114 P
2Q17(11 Screens)
2 Robinson Phetchaburi (Opened 19 May) 5 115 P
- BluO Vientiane Center (Laos) - 8 Bowling Lanes (Opened 5 May)
3 Big C Korat 2 (Opened 8 Jun) 4 116 P
4 Big C Pathumthani (Opened 7 Jul) 5 116 P
2H17(39 Screens)
5 Lotus Sukhothai (Opened 1 Sep) 1 117 P
6 Lotus Yasotorn (Opened 8 Sep) 2 118 P
7 Big C Ubon Ratchathani (Opened 22 Sep) 1 119 P
8 Big C Udonthani (Opened 24 Sep) 1 120 P
9 Lotus Phitsanulok (Opened 29 Sep) 3 121 P
10 Big C Dan Khun Thot (Nakhonratchasima) 1 122 P
11 Big C Tah Ta Ko 1 123 P
12 Big C Wang Nam Yen 1 124 P
13 Big C Suvarnabhumi 1 125 P
14 Robinson Kamphaeng Phet 4 126 P
15 Sahathai Nakhonsithammarat 3 127 P
16 Tops Phichit 3 128 P
17 Big C Vichenburi 1 129 P
18 Lotus Phichit 2 130 P
19 Sorya Phnom Penh 6 131 P
20 Platinum Siem Reap 3 132 P
MAJOR CINEPLEX GROUP PLC.
LIFESTYLEentertainment
18