LIFESTYLE entertainment - listed FAST SIX (FAST & FURIOUS 6) AFTER EARTH SUPERMAN: MAN OF STEEL WORLD

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  • MAJOR CINEPLEX GROUP PLC.

    LIFESTYLEentertainment

    Major Cineplex Group PLC. Analyst Meeting, Paragon Cineplex: May 13rd, 2013

    Quarterly Briefing 1Q13

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainment

    2

    contents

    The Bottom Line

    1Q13 Financial Review Review of Revenue, Net profit B/S snapshot

    Growth Potentials

    LIFESTYLEentertainment

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainment Highlight Results

    “Major contribution are coming from cinema and advertising”

    Operation

    Expansion &

    Investment

    Lotus Maesod (4 Screens) Big C Roi Et (5 Screens) Lotus Nakornsawan (4 Screens)

    Successful transformation to 268 digital screens

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentThe Bottom Line Trend Bt.million

    Net profit +28%YoY

    High profit from Advertising & selling investment

    235

    301

    19 3

    29 3

    21 5

    81

    23 5

    21 8

    19 5

    16 5

    30 1

    1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q131Q12 1Q13

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentLThe Revenue Review breakdown Bt.million

    Revenue +0.3%YoY

    Cinema, Concession and Advertising drove core revenue

    Cinema +3.8%

    Concession +20.6%

    Advertising +37.8%

    Bowling group -5.1%

    Retails -4.8%

    Film Distribution

    -44.7%

    1, 66

    7

    1, 67

    1

    1Q12

    10 1

    96

    1Q12 1Q13

    80 4 83

    4

    1Q12 1Q13

    19 6

    23 7

    1Q12 1Q13

    16 9

    23 3

    1Q12 1Q13

    12 9

    12 3

    1Q12 1Q13

    44

    26 7

    14 8

    1Q12 1Q131Q13

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentThe Revenue Review : Cinema Bt.million

    Cinema Group +7.1%YoY

    Strong film line-up and concession variety built margin

    80 4 83

    4

    19 6 2

    37

    1Q12 1Q13

    Concession

    +20.6%

    GBO

    +3.8%

    1,000 1,071

    28%

    31%

    % Gross Margin

    1Q12 1Q13

    5.94 6.08

    141

    144

    1Q12 1Q13

    ATP & Guest count (Net Complementary)

    196

    237

    24%

    28%

    1Q12 1Q13

    Concession Rev. & % con-to-box

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentLenteLIFLIFThe Revenue Review : Advertising Bt.million

    Advertising +37.8%YoY

    More advertising revenue from confident sponsors i.e. Toyota and Pepsi

    152

    22687%

    90%

    152

    226

    TalentOne

    MPIC

    CineAd

    233

    169

    1Q12 1Q13

    1Q12 1Q13

    Core Advertising revenue & % Gross margin

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainment B/S Snapshot

    Bt.million Dec 31, 12 Mar 31, 13 %chg

    Assets 11,392 11,659 2% Liabilities 5,354 5,388 1% Equity 6,038 6,270 4%

    6,038 6,270

    5,354 5,38811,392 11,659

    Dec 31,12 Mar 31,13

    AS SE

    TS

    AS SE

    TS

    EQ UI

    TY

    EQ UI

    TY

    LI AB

    IL IT

    IE S

    LI AB

    IL IT

    IE S

    Net interest-bearing debts Equity Net D/E

    0.60 0.51

    0.42 0.39 0.37

    YE09 YE10 YE11 YE12 End of 1Q13

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentInvestments Portfolio vs. Interest-bearing debts

    • Investment portfolio as of May 10,2013: • 20% in Siam Future Development Plc. (SF) • 74% in M Pictures Entertainment Plc. (MPIC) • 33% in Major Cineplex Lifestyle

    Leasehold Property Fund (MJLF) • 40% in ThaiTicketMajor Co., Ltd. • 45% in Major Kantana Broadcasting Co., Ltd. • 8.8% in PVR Limited (PVRL) • 49% in PVR blu-O Entertainment Limited • 80% in Talent One Co.,ltd. • 50% in K-Arena

    6,270

    5,38811,659

    Mar 31,13

    AS SE

    TS

    EQ UI

    TY LI

    AB IL

    IT IE

    S

    Bt.million

    Interest-bearing debts 1Q13

    Bank OD & ST loans 842

    CP of LT borrowings 886

    LT borrowings 174

    Debentures 1,000

    Total 2,901

    Bt.million

    Investments %Share Cost per Share Market value*

    Major's Cost

    Gain(Loss)

    MJLF 33% 10.00 1,525 1,089 436

    Siam Future 20% 2.64 2,551 623 1,929

    MPIC 74% 1.61 1,173 768 405

    PVRL 8.8% 89.69 527 229 298

    Total 5,776 2,709 3,067 *Closing price on May 9,2013

  • LIFESTYLEentertainment

    Quarterly Briefing1Q13 GROWTH POTENTIALS

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentGROWTH POTENTIALSLIFESTYLEentertainment

    11

    FY13 Strategic Focus

    • Complete transformation into 100% Digital Format.

    • Shift Media Selling Strategy to high gear.

    • Utilize M-Generation database to maximize online revenue.

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentGROWTH POTENTIALSFY13 Blockbuster Highlight LIFESTYLEE

    *Movie line up will be add in movie line up around 3 months before showing

    1Q13 Hollywood Movies Jack the Giant Slayer G.I.Joe 2 A Good Day to Die Hard Oz: The Great and Powerful Hansel and Gretel : Witch Hunters Thai Movies Pee Mak Phrakhanong - 27 Mar Khun nai Ho(M39)

    2Q13 Hollywood Movies OBLIVION IRON MAN 3 STAR TREK INTO THE DARKNESS THE GREAT GATSBY FAST SIX (FAST & FURIOUS 6) AFTER EARTH SUPERMAN: MAN OF STEEL WORLD WAR Z Thai Movies Pee Mak Phrakhanong Sunset / คูกรรม (M39)

    3Q13 Hollywood Movies THE LONE RANGER PACIFIC RIM R.I.P.D. THE WOLVERINE 300: RISE OF AN EMPIRE PERCY JACKSON : SEA OF MONSTERS WHITE HOUSE DOWN RIDDICK 3 ELYSIUM Thai Movies TOOM YUM KUNG / ตมยํากุง *The rest will be announced later

    4Q13 Hollywood Movies THOR : THE DARK WORLD THE HUNGER GAMES : CATCHING FIRE THE HOBBIT 2 : THE DESOLATION OF SMAUG 47 RONIN CAPTAIN PHILLIPS Thai Movies *The rest will be announced later

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentGROWTH POTENTIALSCapacities LIFESTYLEentertainment Expand more screens into high growth potential areas especially provincial.

    As of Apr 2013

    FY10 FY11 FY12 FY13 Screens 361 383 289 119

    BKK & Vicinity 252 259 284 Bangyai 5 IKEA : 15 Emporium 2 8

    Bangkae : 10 TBA 5

    Provincial 109 124 Udonthanee 1 Maesod 4 Additional screens Roi-Et 5 Nakornsritham 4 Nakornsawan2 4

    Ubonratchathani 2 7 Nongbualumphu 4 Ampo Mall Ayutthaya 4 Suratthani 7 Satoon 5 Sakonnakhon 4 Prachinburi 4 Suphanburi 4 Songkla 5 Suratthani 2 5 Klaeng 4 Hadyai 10 Chiangmai 2 11 Samui 5

    TBA 9

    Lanes 504 506 180 94 BKK & Vicinity 386 386 IKEA 24

    Provincial 94 94 Hadyai 16

    International 24 Vasant Kunj 26 Bangalore 60 TBA 78 Pune 36 Mumbai 12 Raja Garden� 22 Chandigarh� 26

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentMajor Cineplex’s Expansion Trend

    Major has presented in only 31 out of 77 provinces.

    Major continues to expand more especially in provincial area which is high potential growth.

    2010 2011 2012 ~2013 ~2015 ~2020

    Location

    No. of Screens / Locations

    53 56

    Screens expansion supporting cinema’s revenue growth

    ~1,000

    361 383

    ~510 ~600

    70% 68% 69% 54% 52% 51%

    30% 32% 31% 46% 48% 49%

    2010 2011 2012 ~2013 ~2014 ~2015

    Urbanization is a high potential growth. BKK UPCExpansion plan compare with BKK and UPC (as%)

    50 410

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentCurrent Asia Market Trend

    15 Density: Population per Screen

    High

    Low

    Cinema is blooming in Asia especially in China.

    Asia becomes the world’s second largest regional for movie theaters.

    Singapore Pop: 5.3M Screen: 200 26,300 ppl/Screen

    Malaysia Pop: 30M Screen : 718 41,000 ppl/Screen

    Taiwan Pop: 24M Screen : 580 40,200 ppl/Screen

    Philipines Pop: 96M Screen : 700 137,800 ppl/Screen

    Indonesia Pop: 245M Screen : 726 337,000 ppl/Screen

    Thailand Pop: 70M Screen : 846 83,000 ppl/Screen

    South Korea Pop: 49M Screen : 2,000 24,500 ppl/Screen

    India Pop: 1.26B Screen : 11,029 114,000 ppl/Screen

    China Pop: 1.35B Screen : 14,500 95,000 ppl/ScreenThailand can reached to 2,500 – 3,000 Screens in the

    future due Thailand is still under screened and penetration is still low.

  • 1Q13 QUATERLY BRIEFINGLIFESTYLEentertainmentGROWTH POTENTIALSLIFESTYLEentertainment

    16

    Total 1,945,078 members (As of Apr’13) Ratio M Gen Card : Regular & Student

    We are the only movie theaters in the world which collected customer database. Also adding value by using social media such as Online E-ticketing, Facebook, Twitter, Line, Mobile application, etc.

    44.6%55.4% 444444...6%%%%%444444 66%%%%%%%%4444444444 66

    Regular

    5555555555 4444%%%%%

    Student

  • LIFESTYLEentertainment

    Quarterly Briefing1Q13 Thank you