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1 QUARTERLY INVESTOR UPDATE Q4 & FULL YEAR FY15 INOX LEISURE LIMITED

INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

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Page 1: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

1

QUARTERLY INVESTOR UPDATE Q4 & FULL YEAR FY15

INOX LEISURE LIMITED

Page 2: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

DISCLAIMER

2

This presentation and the following discussion may contain “forward looking statements” by Inox Leisure Limited (“ILL” or the

Company) that are not historical in nature. These forward looking statements, which may include statements relating to future

results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs,

assumptions, expectations, estimates, and projections of the management of ILL about the business, industry and markets in

which ILL operates.

These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and

other factors, some of which are beyond ILL’s control and difficult to predict, that could cause actual results, performance or

achievements to differ materially from those in the forward looking statements.

Such statements are not, and should not be construed, as a representation as to future performance or achievements of ILL. In

particular, such statements should not be regarded as a projection of future performance of ILL. It should be noted that the

actual performance or achievements of ILL may vary significantly from such statements.

Page 3: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

DISCUSSION SUMMARY

3

Q4 & FY15 RESULT HIGHLIGHTS

RESULT ANALYSIS

REVENUE ANALYSIS

KEY OPERATIONAL METRICS

BALANCE SHEET UPDATE

NEW PROPERTIES OPENED

PAN INDIA PRESENCE

NEW SCREENS PIPELINE

CONTENT PIPELINE

SHAREHOLDING STRUCTURE

FINANCIAL SUMMARY

ANNEXURE

NOTE: Q4 FY15 & FY15 Figures include Satyam Cineplexes Ltd. which became wholly owned subsidiary of the company on 8th Aug 2014

Page 4: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

Q4 & FY15 – RESULTS HIGHLIGHTS

4

REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN

REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN

FY15 YoY ANALYSIS

8,688.3 10,168.1

FY14 FY15

1,219.6 1,227.7

14.0% 12.1%

FY14 FY15

EBIDTA EBIDTA %

369.4

200.4

4.3% 2.0%

FY14 FY15

PAT PAT %

1,883.0 2,177.5

Q4 FY14 Q4 FY15

162.9

105.1

8.7% 4.8%

Q4 FY14 Q4 FY15

EBIDTA EBIDTA %

15.4

-40.6

0.8% -1.9%

Q4 FY14 Q4 FY15

PAT PAT %

Note: * Revenue from Operations, ** EBIDTA Excl. Other Income

16 % 36 %

In Rs. Mn

Q4 FY15 YoY ANALYSIS

17 % 1 % 46 %

Page 5: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

1,244.9 1,348.0

342.0 374.3

161.3 197.9 134.9

257.3

Q4 FY14 Q4 FY15

Gross Box Office Food & Beverages

Advertising Other Operating Revenues

Q4 & FY15 – REVENUE ANALYSIS

5

REVENUES* BREAKUP

In Rs. Mn

Q4 FY15 YoY ANALYSIS

91 %

23 %

9 %

8 %

REVENUES* BREAKUP

5,965.6 6,730.8

1,623.3

1,910.3 495.5

814.9 603.9

712.1

FY14 FY15

Gross Box Office Food & Beverages

Advertising Other Operating Revenues

FY15 YoY ANALYSIS

1,883.0

2,177.5 10,168.1

8,688.3

% Share Q4 FY14 Q4 FY15 Gross Box Office 66.1% 61.9% Food & Beverages 18.2% 17.2% Advertising 8.6% 9.1% Other Operating Revenues 7.2% 11.8%

% Share FY14 FY15 Gross Box Office 68.7% 66.2% Food & Beverages 18.7% 18.8% Advertising 5.7% 8.0% Other Operating Revenues 7.0% 7.0%

18 %

65 %

18 %

13 %

Healthy GBOC and F&B Revenues

Increasing Share of Advertising & Other

Revenues

Note: * Revenue from Operations

Page 6: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

Q4 & FY15 – KEY OPERATIONAL METRICS

6

FOOTFALLS & OCCUPANCY RATE

8.2 8.4

38.6 41.1

23% 20% 28% 25%

AVERAGE TICKET PRICE (ATP)

153

158 156

164

3 % 5 %

Note: All the above charts exclude managed properties.

2 % 6 %

Footfalls with Management Properties - Q4 FY15: 8.7 mn, FY15: 42.6 mn

FOOTFALLS & OCCUPANCY RATE OF COMPARABLE PROPERTIES

8.2 7.1

37.6 34.3

23% 20%

28% 26%

Q4 FY14 Q4 FY15 FY14 FY15

Footfalls (Mn) Occupancy (%)

AVERAGE TICKET PRICE (ATP) OF COMPARABLE PROPERTIES

152 153

156

161

Q4 FY14 Q4 FY15 FY14 FY15

ATP (Rs)

13 % 9 %

1 % 3 %

Sustained Growth in Average Ticket Prices

Q4 FY14 Q4 FY15* FY14 FY15*

Footfalls (Mn) Occupancy (%)

Q4 FY14 Q4 FY15* FY14 FY15*

ATP (Rs)

Page 7: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

0.56 0.56

1.7

2.3

Advertising Revenues

Q4 & FY15 – KEY OPERATIONAL METRICS

7

FOOD & BEVERAGES – SPEND PER HEAD (SPH)

49 53 49 55

FOOD & BEVERAGES – CONTRIBUTION (%)

76.0% 75.0% 74.0% 77.0%

Note: For FY15 number of screens are 355 (excluding management)

8 % 12 %

ADVERTISING REVENUES PER OPERATING SCREEN

35 %

0.47 0.72

2.1 2.0

Other Operating Revenues

53 % 4 %

In Rs. Mn

Strong Pickup in

F&B spend

Increasing F&B

Profitability

Strong Pickup in Advertising

Revenues

OTHER OPERATING REVENUES PER OPERATING SCREEN

Q4 FY14 Q4 FY15* FY14 FY15*

SPH (Rs)

Q4 FY14 Q4 FY15* FY14 FY15*

F & B Contribution (%)

Q4 FY14 Q4 FY15* FY14 FY15* Q4 FY14 Q4 FY15* FY14 FY15*

Page 8: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

Q4 & FY15 – KEY OPERATIONAL METRICS

8

ENTERTAINMENT TAX - % OF GBOC FILM DISTRIBUTOR SHARE (%)

43.8% 41.6% 44.3% 43.8%

36.0% 34.6% 36.4% 35.9%

NBOC (Net Box Office Collections) , GBOC (Gross Box Office Collections)

OTHER OVERHEADS (% OF REVENUES)

17.8% 16.9%

17.8% 18.0%

Entertainment Tax

Properties Screens Seats Average Residual

Period

Full Tax 81 315 83,844

Exempted 10 40 10,202 2 years

6.5% 7.8% 5.7% 6.5%

14.6% 18.0% 12.4% 13.2%

13.5% 13.0%

12.1% 13.0%

15.4% 19.2%

12.5% 13.9%

Employee Benefits Property Rent & Conducting FeesCAM, Power & Fuel, R&M Other Overheads

50.0% 58.0%

42.7% 46.6%

Q4 FY14 Q4 FY15* FY14 FY15*

E-Tax (%)

Q4 FY14 Q4 FY15* FY14 FY15*

Distributor Share on NBOC Distributor Share on GBOC

Q4 FY14 Q4 FY15* FY14 FY15*

Page 9: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

FY15 BALANCE SHEET UPDATE

9

Particulars FY14 FY15

Total of Shareholder funds 3,909.0 6,761.9

Share Capital 961.5 961.6

Reserves & Surplus 4,444.4 6,126.9

Interest in Inox Benefit Trust, at cost

-1,496.9 -326.7

Total Debt 2,421.7 2,411.9

Other Non-Current Liabilities 571.5 347.9

Total Sources of Funds 6,902.2 9,521.7

Goodwill on Consolidation * - 1,652.1

Fixed Assets 6,346.6 6,681.1

Other Non-Current Assets 1,475.6 1,859.7

Current Assets 758.6 1,022.2

Less: Current Liabilities 1,678.7 1,693.3

Net Current Assets -920.0 -671.2

Total Assets 6,902.2 9,521.7

* Reflects the impact of Acquisition of Satyam Cineplexes Ltd.

OWNED PROPERTIES

City / Property State Screens Seats Total Area

(sq ft)

Multiplex Area

(sq ft)

Pune Maharashtra 4 1,316 140,229 53,189

Vadodara Gujarat 4 1,318 109,452 48,622

Nariman Point, Mumbai Maharashtra 5 1,323 40,131 40,131

Jaipur Rajasthan 2 787 26,392 26,392

Swabhumi, Kolkata West Bengal 4 1,022 46,204 46,204

Anand Gujarat 3 624 27,871 27,871

Corporate Office Maharashtra - - 16,000 -

Total 22 6,390 406,279 242,409

Owned properties in prime locations enable savings in lease expense, thereby boosting EBITDA

Key Balance sheet Ratios FY14 FY15

Debt : Equity 0.6 0.4

Return on Equity (ROE) 10.3% 3.8%

Return on Capital Employed (ROCE) 11.5% 6.1%

ROE: PAT/Avg. Equity, ROCE: EBIT/Avg. Capital Employed [(Capital Employed = Equity + Total Debt)

Page 10: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

Q4 FY15 – NEW PROPERTIES OPENED

10

ADDITIONS IN Q4 FY15

ADDITIONS IN FY15

PROPERTIES 4

PROPERTIES 9

SCREENS 13

SCREENS 27

SEATS 3,340

SEATS 6,781

City Centre Bhilwara

9th Jan 2015 3 Screens 664 Seats

Jyoti Mall Kurnool

23rd Feb 2015 3 Screens 888 Seats

City Square Mall Ajmer

8th Mar 2015 3 Screens 884 Seats

Margao Goa

31st Mar 2015 4 Screens 904 Seats

Page 11: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

PAN INDIA PRESENCE

11

JHARKHAND | 1 Property | 4 Screens

WEST BENGAL | 13 Properties | 52 Screens

ODISHA | 1 Property | 3 Screens

CHHATTISGARH | 2 Properties | 8 Screens

TELANGANA | 2 Properties | 11 Screens

ANDHRA PRADESH | 7 Properties | 26 Screens KARNATAKA |10 Properties | 38 Screens

GOA | 2 Property | 8 Screens

MAHARASHTRA | 21 Properties | 85 Screens

GUJARAT | 6 Properties | 25 Screens

MADHYA PRADESH | 4 Properties | 16 Screens

RAJASTHAN | 10 Properties | 31 Screens

HARYANA | 6 Properties | 19 Screens

TAMIL NADU | 3 Properties | 14 Screens

UTTAR PRADESH | 3 Properties | 13 Screens

DELHI | 4 Properties | 13 Screens

PUNJAB | 1 Property | 6 Screens

17 States

52 Cities

96 Locations

372 Screens

98,782 Seats

Page 12: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

NEW SCREENS PIPELINE

12

FY16 – PIPELINE

Locations Screens Seats

Vadodara 3 583

Pune 2 66

Jorhat (Management) 2 274

Bhiwadi (Management) 4 754

Goa 4 1,020

Rajkot 3 450

Kolhapur 4 918

Aurangabad 3 961

Howrah 3 850

Vadodara 3 600

Thrissur 6 1,390

Bangalore 3 388

Cuttack 4 836

Chennai 8 1,700

Bangalore 5 1,328

Total 57 12,118

RACING TOWARDS 557 SCREENS

PIPELINE

POST FY16

128 SCREENS

27,333 SEATS

FY15

372 SCREENS

98,782 SEATS

TARGET

557 SCREENS

138,233 SEATS

Page 13: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

CONTENT PIPELINE – MAY 2015

13

Tanu Weds Manu Returns Release Date: 22nd May 2015 Cast: R Madhvan, Kangana Ranaut, Dhanush Director: Aanand L Rai Banner: Eros International

POLTERGEIST (3D) Release Date: 22nd May 2015 Cast: Sam Rockwell, Jared Harris, Saxon Sharbino Director: Gil Kenan Banner: Metro-Goldwyn-Mayer Ghost House Pictures Vertigo Entertainment

Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures

Welcome to Karachi Release Date: 29th May 2015 Cast: Jackky Bhagnani, Arshad Warsi, Lauren Gottlieb Director: Ashish R Mohan Banner: Pooja Entertainment India Ltd.

Actual release dates may vary.

Page 14: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

CONTENT PIPELINE – JUNE 2015

14

Dil Dhadakne Do Release Date: 5th Jun 2015 Cast: Farhan Akhtar, Ranveer Singh, Priyanka Chopra, Anushka Sharma, Anil Kapoor Director: Zoya Akhtar Banner: Excel Entertainment Junglee Pictures Mirchi Movies Limited

Hamari Adhuri Kahani Release Date: 12th Jun 2015 Cast: Emran Hashmi, Vidya Balan, Raj Kumar Yadav Director: Mohit Suri Banner: Vishesh Films Fox Star Studios

Jurrasic World (3D) Release Date: 12th Jun 2015 Cast: Chris Pratt, Judy Greer, Bryce Dallas Howard, Irfan Khan Director: Colin Trevorrow Banner: Legendary Pictures Amblin Entertainment

ABCD 2 Release Date: 19th Jun 2015 Cast: Varun Dhavan, Shraddha Kapoor, Prabhu Deva, Lauren Goutlieb Director: Remo Dsouza Banner: Utv Motion Pictures Walt Disney Pictures

Actual release dates may vary.

Page 15: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

SHAREHOLDING STRUCTURE

15

Market Data As on 22.05.15 (BSE)

Market capitalization (Rs Mn) 14,815.9

Price (Rs.) 153.6

No. of shares outstanding (Mn) 96.5

Face Value (Rs.) 10.0

52 week High-Low (Rs.) 197.3 – 122.6

% Shareholding – Mar 2015 Key Institutional Investors at Mar-15 % Holding

Kuwait Investment Authority 4.73%

Macquarie Asia 4.27%

Goldman Sachs India 4.25%

ICICI Prudential MF 3.33%

Government Pension Fund Global 2.49%

Morgan Stanley 1.93%

AADI Financial Advisors LLP 1.49%

Tata MF 1.04%

Promoter & Promoter

Group, 48.70

FII, 20.70

DII, 7.57

Inox Benefit Trust, 4.51

Public / Others, 18.52

Source: BSE

0

50

100

150

200

Share Price Performance

* Shares held under Inox Benefit Trust reflect the Treasury Shares

Page 16: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

FINANCIAL SUMMARY – LAST 5 YEARS

16

REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN

REVENUES - SEGMENT BREAKUP LEVERAGE ANALYSIS RETURN METRICS

ROE: PAT/Avg. Equity, ROCE: EBIT/Avg. Capital Employed [(Capital Employed = Equity + Total Debt)

3,703.2

6,448.6 7,652.9

8,688.3

10,168.1

FY11 FY12 FY13 FY14 FY15

308.1

728.8 980.1

1,219.6 1,227.7

8.3% 11.3% 12.8% 14.0% 12.1%

FY11 FY12 FY13 FY14 FY15

EBITDA EBITDA Margin %

50.0 42.3

184.5

369.4

200.4

1.4% 0.7% 2.4% 4.3% 2.0%

FY11 FY12 FY13 FY14 FY15

PAT PAT Margin %

CAGR: 28.7%

CAGR: 41.3% CAGR: 41.5%

1.4%

6.0%

9.4%

11.5%

6.1%

1.6% 1.3%

5.7%

10.3%

3.8%

FY11 FY12 FY13 FY14 FY15

ROCE % ROE %

3,023.9 2,439.5 2,809.9 2,421.7 2,411.9

3,154.3 3,202.9 3,245.8 3,909.1 6,761.9

1.0 0.8 0.9 0.6

0.4

FY11 FY12 FY13 FY14 FY15

Debt Equity Debt to Equity

75% 73% 73% 69% 66%

16% 18% 19% 19% 19%

5% 5% 4% 6% 8%

5% 5% 4% 7% 7%

FY11 FY12 FY13 FY14 FY15

GBOC F & B Adv Others

Page 17: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

17

ANNEXURE

Page 18: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT

18

Particulars (In Rs Mn) Q4 FY15 Q4 FY14 YoY % Q3 FY15 QoQ % FY15 FY14 YoY %

Revenue from Operations 2,177.5 1,883.0 15.6% 3,007.6 -27.6% 10,168.1 8,688.3 17.0%

Entertainment Cost 227.6 221.2 2.9% 381.2 -40.3% 1,214.5 1,060.7 14.5%

Exhibition Cost (Distributor Share)

477.5 463.6 3.0% 753.7 -36.6% 2,493.2 2,234.9 11.6%

Food & Beverages Cost 103.5 92.3 12.1% 135.8 -23.8% 495.5 466.4 6.2%

Employee Benefits Expense 169.9 123.3 37.8% 189.9 -10.5% 658.2 495.7 32.8%

Property Rent, Conducting Fees and Common Facility Charges

466.3 356.4 30.8% 466.7 -0.1% 1,757.8 1,372.2 28.1%

Other Expenses 627.6 463.5 35.4% 617.2 1.7% 2,321.2 1,838.8 26.2%

EBITDA 105.1 162.9 -35.5% 463.1 -77.3% 1,227.7 1,219.6 0.7%

EBITDA Margin % 4.8% 8.7% -382 bps 15.4% -1057 bps 12.1% 14.0% -196 bps

Depreciation & Amortisation 181.0 127.7 41.8% 204.4 -11.4% 758.4 506.9 49.6%

Other Income 26.0 60.6 -57.1% 41.0 -36.6% 82.7 89.5 -7.6%

Finance Cost 82.7 62.0 33.4% 124.9 -33.7% 386.1 276.3 39.7%

Exceptional Items 1.0 3.9 -98.7% - - 6.0 3.9 53.8%

PBT -133.6 30.0 -545.7% 174.8 -175.9% 159.9 521.9 -69.4%

Tax Expense -93.0 14.6 -736.3% 31.9 -391.7% -40.5 152.6 -126.5%

PAT -40.6 15.4 -364.4% 143.0 -127.8% 200.4 369.4 -45.8%

PAT Margin % -1.9% 0.8% -268 bps 4.8% -658 bps 2.0% 4.3% -228 bps

Earnings Per Share (EPS) - 0.2 - 0.2 - 2.36 4.86 -51.4%

Page 19: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET

19

Particulars (In Rs Mn) FY15 FY14

Share Holders’ Funds:

Equity Share Capital 961.6 961.5

Reserves and Surplus 6,127.0 4,444.4

Interest in Inox Benefit Trust -326.7 -1,496.9

Total of Shareholder Funds 6,761.9 3,909.0

Non-Current Liabilities:

Long Term Borrowings 2,005.1 2,148.3

Deferred Tax Liabilities (Net) 243.2 290.0

Other Long Term Liabilities 43.3 240.1

Long Term Provisions 61.3 41.3

Total of Non-Current Liabilities 2,352.9 2,719.8

Current Liabilities:

Short-Term Borrowings 147.0 88.8

Trade Payables 892.6 720.5

Other Current Liabilities 905.6 932.2

Short-Term Provisions 155.0 210.6

Total of Current Liabilities 2,100.2 1,952.1

Total Equity & Liabilities 11,215.0 8,580.9

Particulars (In Rs Mn) FY15 FY14

Goodwill on Consolidation 1,652.1 -

Non-Current Assets:

Fixed Assets (Incl. CWIP) 6,681.1 6,346.6

Non-Current Investments 7.1 9.8

Long-Term Loans and Advances 1,813.0 1,443.3

Other Non-Current Assets 39.6 22.5

Total Non-Current Assets 8,540.8 7,822.3

Current Assets:

Current Investments 64.1 27.3

Inventories 75.9 85.9

Trade Receivables 623.2 334.2

Cash and Bank Balances 134.4 165.6

Short-Term Loans and Advances 106.8 127.6

Other Current Assets 17.7 18.1

Total Current Assets 1,022.2 758.6

Total Assets 11,215.0 8,580.9

Page 20: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

GROUP OVERVIEW STRONG PEDIGREE

20

Listed Companies Other Key Companies

Inox Leisure Limited

Largest producer (by volume) of chloromethanes refrigerants & Polytetrafluoro-ethylene in India

Pioneers of carbon credits in India

Mcap: INR 67.2 bn Mcap: INR 14.8 bn

Inox Air Products Limited

50:50 joint venture with Air Products Inc., USA

Manufacturer of industrial gases in India

36 plants spread throughout the country

Engaged in the business of setting up and operating of wind farms

213 MW operational capacity in 3 different states

Strong legacy of more than 80 years. Diversified businesses across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors. More than 8,000 employees at more than 100 business units across India. Distribution network spread across more than 50 countries around the world.

A film exhibition company, in the business of setting up, operating and managing a national chain of multiplexes under the brand name ‘INOX’

Present in 52 cities with 96 multiplexes and 372 screens

Gujarat Fluorochemicals Limited

Manufacturer of cryogenic liquid storage and transport tanks in India

Offers comprehensive solutions in cryogenic storage, vaporization and distribution engineering

Has operations in India, USA, Canada, The Netherlands and Brazil

Inox India Limited

Inox Renewables Limited

Strong sponsorship of Inox Group - Recognized and Trusted Corporate Group

Fully integrated player in the wind energy market

State-of-the-art manufacturing plants near Ahmedabad (Gujarat) and at Una (Himachal Pradesh)

Ability to Provide End to End Turnkey Solutions for Wind Farms

Mcap: INR 97.4 bn

Inox Wind Limited

Page 21: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

COMPANY OVERVIEW BRIEF PROFILE

21

BUSINESS OVERVIEW

KEY STRENGTHS

STRONG FINANCIALS

Inox Leisure Limited (ILL), incorporated in 1999, is the 2nd largest multiplex operator in India. ILL is a part of Inox Group which is diversified across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic

engineering, renewable energy and entertainment sectors. ILL currently operates 96 properties (372 screens and 98,782 seats) located in 52 cities across India, being the only multiplex

operator having such a diverse presence across pan India. The company accounts for 23% share of the multiplex screens in India and 7- 8% share of the domestic box office collections. The company has aggressively scaled up through organic and inorganic expansion over last decade growing from 2 properties –

8 screens in FY03 to 96 properties – 372 screens in FY15, virtually adding on an average 3 screens every month over the last decade.

One of the largest multiplex chains in India. Most diversified distribution of multiplexes in India and the only multiplex operator to have presence in more than 50 cities. Premium multiplex properties, state of the art technology and unmatched service and ambience. Strong partnerships with more than 50 leading Indian and Global brands, offering high growth potential for advertising and

other ancillary revenues. Strong management team and recognized and trusted corporate group.

Consolidated Revenues, EBITDA and PAT were Rs 10,168.1 mn, Rs 1,227.7 mn and Rs 200.4 mn in FY15 having grown at CAGR of 29%, 41% and 42% over FY11 to FY15.

Robust operating performance driven by rising footfalls, high ticket prices, highly profitable F&B service, focus on other operating income.

Strong balance sheet with gross debt of Rs 2,411.9 mn, net debt of Rs 2,277.5 mn and equity of Rs 6,761.9 mn in FY15 with a D/E ratio of 0.4x.

Page 22: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

COMPANY OVERVIEW TRACK RECORD OF AGGRESSIVE EXPANSION

22

8 12 25

35 51

76 91

119

239 257

285

310

372

2 3 6

9 14

22 26

32

63 68

74 79

96

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

Screens Properties

ON AN AVERAGE ADDITION OF 3 SCREENS EVERY MONTH OVER THE LAST DECADE

Note: Includes Acquisition of 1) 89 Cinemas in FY08, 2) Fame India in FY11, 3) Satyam Cineplexes in FY15

Page 23: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

COMPANY OVERVIEW PAN INDIA PRESENCE

23

Well Diversified Distribution of

Multiplexes across India

Access to Wide Variety of

Regional Content

Lower Dependency on Hindi and English

Content

East, 8

West, 17

South, 11

North, 16

East, 67

West, 134 South, 89

North, 82

East, 17

West, 33 South, 22

North, 24

East, 17698

West, 38156

South, 21852

North, 21076

52 Cities 96 Locations

372 Screens 98,782 Seats

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COMPANY OVERVIEW STRONG BRAND PARTNERSHIPS

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BFSI FMCG CONSUMER DURABLES AUTOMOBILES ECOMMERCE &TELECOMM.

OTHERS GEC

Page 25: INOX LEISURE LIMITED · Tomorrowland Release Date: 22nd May 2015 Cast: George Clooney, Britt Robertson Director: Brad Bird Banner: Walt Disney Pictures Welcome to Karachi Release

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THANK YOU

FOR FURTHER QUERIES:

Ammeet Sabarwal / Nilesh Dalvi Dickenson Seagull IR Contact No : +91 9819576873 / +91 9819289131 Email : [email protected] [email protected]

Nayana Borthakur General Manager - Brand & Corporate Communication Contact No: +9122 4062 6900 Email: [email protected]