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LIFESTYLE entertainment
1Q18 Analyst Meeting Paragon Cineplex, 11th May 2018
MAJOR CINEPLEX GROUP PLC. 1
MAJOR CINEPLEX GROUP AGENDA
COMING ATTRACTION MOVIE LINE-UP
FINANCIAL OVERVIEW
FINANCIAL HIGHLIGHT RESULT
EXPANSION PLAN
GROWTH PROTENTIALS
P.3
P.5
STRATEGIC INVESTMENT
P.10
P.12
P.13
P.15
QUARTERLY REVENUE BREAKDOWN P.6
2
REVENUE BREAKDOWN BY SEGMENT
P.4
BALANCE SHEET SNAPSHOT
P.11
LIFESTYLE entertainment
FINANCIAL OVERVIEW 3
IMAX
Financial Highlights
4
Bt.Million 1Q17 1Q18 Growth
Amt. %
Revenue 2,134 100% 1,950 100% (184) (9%)
Gross Margin 716 34% 620 32% (96) (13%)
EBITDA 625 29% 617 32% (8) (1%)
EBIT 353 17% 342 18% (10) (3%)
Net Profit 262 12% 284 15% 23 9%
1Q18 QUARTERLY BRIEFING
Revenue Breakdown by segment
5
Major Group’s Revenue Breakdown 1Q18 Margin
Cinema 72% 21%
Admission Revenue 53% 5%
Concession Revenue 19% 65%
Advertising Business 17% 84%
Bowling & Karaoke Business 5% 37%
Rental & Service Business 5% 11%
Movie Content (Content Provider & Local Production)
1% 41%
Total Revenue 100% 32%
Admission Revenue
53%
Movie Content
1%
Bowling & Karaoke Business
5%
Rental & Service Business
5%
Advertising Business
17%
Concession Revenue
19%
1Q18 QUARTERLY BRIEFING
Revenue Breakdown
6
2015 2016
1,1
64
1,0
29
Admission Revenue
(12%) (135mb.)
Concession
+3% (+11mb.)
Advertising
(4%) (15mb.)
Bowling group
+5% (+4mb.)
Movie Content
(71%) (42mb.)
Total Revenue (9%)
(184mb.)
2,1
34
1,9
50
59
17
34
0
32
5
95
99
11
3
10
5
36
3
37
4
1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18
Retails
(7%) (8mb.)
1Q18 QUARTERLY BRIEFING
• Movie Content declined from no local content.
• Admission revenue declined from less Hollywood and local movies.
• Advertising revenue: Extra gain from media agency that postponed budget in 4Q16 to 1Q17
29.7 31.9
7.3 6.9
166 159 161 154
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
2016 2017 1Q17 1Q18
Guest Counts (Million) ATP (THB)
ATP & Guest Counts
Revenue : Admissions
7
59% 57% 58% 57%
41% 43% 42% 43%
2016 2017 1Q17 1Q18
Bangkok & Vicinity Upcountry
Guest Counts Breakdown by Regional Box Office Breakdown by Regional
63% 62% 63% 63%
37% 38% 37% 37%
2016 2017 1Q17 1Q18
Bangkok & Vicinity Upcountry
ATP Breakdown (THB)
178 175 175 170
149 139 139 133
2016 2017 1Q17 1Q18
Bangkok & Vicinity Upcountry
1Q18 QUARTERLY BRIEFING
Revenue : Concession Concession Revenue & Margin
1,443 1,665
363 374
68% 68% 69% 65%
25%
30%
35%
40%
45%
50%
55%
60%
65%
70%
75%
100
600
1,100
1,600
2,100
2016 2017 1Q17 1Q18
Concession Revenue (THB) Margin (%)
% Con to Box Ratio
29.7 31.9
7.3 6.9
31% 35% 33%
37%
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
2016 2017 1Q17 1Q18
Admission (Million) % Con to Box
1Q18 QUARTERLY BRIEFING
Revenue : Advertising
9
1,287 1,395 340 325
86% 85% 89% 84%
0% -
200
400
600
800
1,000
1,200
1,400
1,600
2016 2017 1Q17 1Q18
Advertising Revenue (Million) Margin (%)
Advertising Revenue
1Q18 QUARTERLY BRIEFING
MOVIE ON THE BEACH 2018
MOVIECATION 3
ASS
ETS
EQU
ITY
LI
AB
ILIT
IES
13,743 7,002
6,742
10
Balance Sheet Snapshot
Mar 31,17 Mar 31,18
Branch expansion while Net D/E maintained at low level.
(0.5%) (4%)
4%
ASS
ETS
EQU
ITY
LI
AB
ILIT
IES
13,808 7,309
6,499
Bt.million Dec 31,17 Mar 31, 18 %chg
Assets 13,808 13,743 (0.5%)
Liabilities 7,309 7,002 (4%)
Equity 6,499 6,742 4%
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%)
1Q18 QUARTERLY BRIEFING
6,896 6,810 6,402 6,414 6,654
4,427 3,871 4,175 4,167 3,762
0.64 0.57
0.65 0.65 0.57
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
1Q17 2Q17 3Q17 4Q17 1Q18
Equity Net interest-bearing debts Net D/E
Strategic investment and hidden profit
11 AS
SET
S
EQU
ITY
Investment portfolio as of 31th March, 2018: • 25.41% 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. • 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
Closing price as on 31 March 2018 Bt.million
Investments %Share Cost per
Share Major’s
Cost Market Value
Unrealized Gain (Loss)
Siam Future 25.41% 3.85 1,737 4,018 2,280
MJLF 33.00% 10.00 1,089 1,372 283
MPIC 92.46% 1.67 2,003 2,056 53
Total 4,829 7,445 2,616
1Q18 QUARTERLY BRIEFING
LIFESTYLE entertainment
GROWTH POTENTIALS 12
MAJOR CINEPLEX: MOVIE LINE UP 2018
April May June July August
Many blockbuster and sequel movies remain attractive, Thai Movies are beginning to shine from April!
Roughly 50 – 55 Thai movies and variety of movies are another key driver.
September October November December
MAJOR CINEPLEX: MOVIE LINE UP 2018
15
MAJOR targets to expand 60 - 70 additional screens nationwide and international in year 2018, Most of the screens are located in upcountry area with Tesco Lotus and Big C (Hypermarket).
No. Location Screens Location No. BKK&
Vicinity
UPC Inter Opening Date
1 Big C Sukhothai (Opened 1 Feb) 2 133 X
2 Sahathai Nakhonsithammarat (Opened 7 Feb) 3 134 X
3 Lotus Phatthalung (Opened 13 Feb) 3 135 X 1Q17
4 Sripong Park Uttaradit (Opened 3 Mar) 3 136 X (13 Screens)
5 Big C Phang Khon - Sakon Nakhon (Opened 28 Mar) 1 137 X
6 Big C Kham Ta Kla - Sakon Nakhon (Opened 30 Mar) 1 138 X
7 Big C Chaiyaphum (Opened 1 Apr) 2 139 X
8 Big C Sattahip (Opened 4 Apr) 3 140 X 2Q17
9 Aoen Mall 2 - Phnom Penh
BluO - 14 Bowling Lanes
8 141 X (28 Screens)
10 Lotus Suphan Buri 2 142 X
11 World Trade Center - Vientiane 7 143 X
12 Icon Siam 13 144 X 2H17
(40 Screens)
X X
Additional screen with Big C and Tesco Lotus
(Location: To be announced)
116 123 207 217 240 245 255 268 267 269 294 294 304 336 343 338 29 39 50 71 89 86 94 114 119
185 209 280 319 347
123 142
236 256 290 316 344 354 361 383 413
479 520
628 678
710
0
100
200
300
400
500
600
700
800
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
BKK & Vicinity Province International
MAJOR CINEPLEX: EXPANSION PLAN
No. Location Screens Location No.BKK&
VicinityUPC Inter Opening Period
1 Big C Sukhothai (Opened 1 Feb) 2 133 X
2 Sahathai Nakhonsithammarat (Opened 7 Feb) 3 134 X
3 Lotus Phatthalung (Opened 13 Feb) 3 135 X 1Q18
4 Sripong Park Uttaradit (Opened 3 Mar) 3 136 X (13 Screens)
5 Big C Phang Khon - Sakon Nakhon (Opened 28 Mar) 1 137 X
6 Big C Kham Ta Kla - Sakon Nakhon (Opened 30 Mar) 1 138 X
7 Big C Chaiyaphum (Opened 1 Apr) 2 139 X
8 Big C Sattahip (Opened 4 Apr) 3 140 X 2Q18
9Aoen Mall 2 - Phnom Penh
BluO - 14 Bowling Lanes8 141 X (28 Screens)
10 Lotus Suphan Buri 2 142 X
11 Icon Siam 13 143 X 2H18
(30 Screens) Additional screen with Big C and Tesco Lotus around
~20 screens in 2H18 (Location: To be announced)X X
2Q12 2Q13
VIETNAM
LAOS
CAMBODIA
MYANMAR
MAJOR CINEPLEX GROUP PLC.
LIFESTYLE entertainment
16