+ All Categories
Home > Documents > LIFESTYLE - listed...

LIFESTYLE - listed...

Date post: 15-Mar-2020
Category:
Upload: others
View: 9 times
Download: 0 times
Share this document with a friend
18
LIFESTYLE entertainment 3Q17 Analyst Meeting Paragon Cineplex, 13 th November 2017 MAJOR CINEPLEX GROUP PLC. 1
Transcript
Page 1: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

LIFESTYLEentertainment

3Q17 Analyst MeetingParagon Cineplex, 13th November 2017

MAJOR CINEPLEX GROUP PLC.1

Page 2: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 3: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

LIFESTYLEentertainment

FINANCIAL OVERVIEW 3

IMAX

Page 4: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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.)

Page 5: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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.

Page 6: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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%

Page 7: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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.)

Page 8: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 9: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 10: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 11: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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%)

Page 12: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 13: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

LIFESTYLEentertainment

GROWTH POTENTIALS 13

Page 14: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

*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

Page 15: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

*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

Page 16: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 17: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

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

Page 18: LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20171115-major-quarterly-3q2017.pdf · Murder on the Orient Express Only the Brave Beyond Skyline Olaf's Frozen Adventure

MAJOR CINEPLEX GROUP PLC.

LIFESTYLEentertainment

18


Recommended