major cineplex group plc.major.listedcompany.com/misc/quarterly/20190815-major... · 2019-08-19 ·...

LIFESTYLEentertainment

2Q19 Analyst MeetingParagon Cineplex, 13th August 2019

MAJOR CINEPLEX GROUP PLC.1

FINANCIAL OVERVIEW 2

IMAX


Financial Highlights

3

2Q19 QUARTERLY BRIEFING

Bt.Million 2Q19 2Q18Growth

Amt. %

Revenue 3,172 100% 3,004 100% 169 6%

Gross Margin 1,165 37% 1,093 36% 72 7%

Operating Profit 554 17% 515 17% 39 8%

EBITDA 921 29% 967 32% (46) (5%)

EBIT 650 21% 688 23% (37) (5%)

Core Profit 501 16% 468 16% 34 7%

Net Profit 505 16% 534 18% (29) (5%)

Remark: Divestment from SF 2Q19 = 4MB (2Q18 = 66MB)

Revenue Breakdown

4

2015 2016

1,7

61

1,8

15

Admission Revenue

+3%(+54mb.) Concession

+4%(+25mb.)

Advertising+14%

(+51mb.)

Bowling group(4%)

(4mb.)

Movie Content+72%

(+39mb.)

Total Revenue

+6%(+169mb.)

3,0

04

3,1

72

54

93

35

7 40

9

10

2

99

10

7

11

0

62

2

64

7

2Q18 2Q19 2Q18 2Q19 2Q18 2Q19 2Q18 2Q19 2Q18 2Q19 2Q18 2Q19 2Q18 2Q19

Retails+3%

(+3mb.)


ATP & Guest Counts

Revenue : Admissions

5

53% 49% 51% 50%

47% 51% 49% 50%

2017 2018 2Q18 2Q19

Bangkok & Vicinity Upcountry

ATP Breakdown (THB)

177 184 185 215

145 142 147157

2017 2018 2Q18 2Q19


ATP (THB)

163 162 166

184

2017 2018 2Q18 2Q19

32.1 37.8

11.22

0

5

10

15

20

25

30

35

40

45

2017 2018 2Q18 2Q19

Guest Counts (Million) Comp.&MPASS

1.02.3

0.44 1.17

31

.1 35

.5

11.451

1.0

1

10

.06


Guest Counts Breakdown by Regional

Revenue : Admissions

6

69% 71% 78% 77% 84% 74% 67%94%

31% 29% 22% 23% 15% 26% 33%6%

2013 2014 2015 2016 2017 2018 1Q19 2Q19

Hollywood Local

58% 55% 56% 55%

42% 45% 44% 45%

2017 2018 2Q18 2Q19


753 MB


144 MB 119 MB 93 MB 84 MB

477 MB 365 MB 175 MB 144 MB 135 MB

2Q

19

Top

10

Bo

x O

ffic

e

2Q

18

Top

10

Bo

x O

ffic

e

Sony, Disney, Warner, Fox, UIP,

Paramount Studio16

Mongkol, MPIC Studios 24

Others 13

Total number of International movies 53

MPIC Group 4

GDH, T-Moment -

Others 4

Total number of Thai movies 8

Box Office Breakdown by Regional Market Share Breakdown by Movies

Sony, Disney, Warner, Fox, UIP,

Paramount Studio15

Mongkol, MPIC Studios 32

Others 11

Total number of International movies 58

MPIC Group 2

GDH, T-Moment 1

Others 3

Total number of Thai movies 6

62 MB68 MB 58 MB 54 MB 48 MB

58 MB 56 MB 45 MB 44 MB 40 MB

Revenue : ConcessionConcession Revenue & Margin

1,665 1,972

374 451

68% 69%65% 68%

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

100

600

1,100

1,600

2,100

2,600

2017 2018 2Q18 2Q19

Concession Revenue (THB) Margin (%)

% Con to Box Ratio

32.137.8

11.5 11.2

35% 36% 36% 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

2017 2018 2Q18 2Q19

Admission (Million) % Con to Box


Revenue : Advertising

8

1,394 1,340 325 387

85% 84% 84% 80%

0%-

200

400

600

800

1,000

1,200

1,400

1,600

2017 2018 2Q18 2Q19

Advertising Revenue (Million) Margin (%)

Advertising Revenue


ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

14,074 7,442

6,632

6,636 6,255 6,510 6,710 6,587

3,381 4,184 3,330 3,008 3,008

0.51

0.67

0.510.45 0.46

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

16,000

18,000

20,000

2Q18 3Q18 4Q18 1Q19 2Q19

Equity Net interest-bearing debts Net D/E

9

Balance Sheet Snapshot

31Dec18

Bt.million 31Dec18 30Jun19 %chg

Assets 14,074 13,969 (1%)

Liabilities 7,442 7,251 (3%)

Equity 6,632 6,718 1%

31Mar19


ASS

ETS

EQU

ITY

LIA

BIL

ITIE

S

13,969 7,251

6,718

Strategic investment and hidden profit

10AS

SET

S

EQU

ITY

Investment portfolio as of 30 June 2019:• 26.40% 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 28 June 2019 Bt.million

Investments %ShareCost per

ShareMajor’s

CostMarket Value

Unrealized Gain (Loss)

Siam Future 26.40% 4.00 2,254 3,658 1,405

MJLF 33.00% 10.00 1,089 1,405 316

MPIC 92.46% 1.63 1,959 1,971 12

Total 5,302 7,035 1,732


11


1H14 1H15 1H16 1H17

Net Profit (Bt.Million) 585.93 689.41 770.40 816.26

% Dividend Payout 75.75% 71.02% 69.65% 71.24%

EPS (Bahts) 0.66 0.77 0.86 0.91

DPS (Bahts) 0.50 0.55 0.60 0.65

Closed price(Bt.) as of 30 June 18.80 33.75 33.00 33.75

Dividend yield (%) 2.7% 1.6% 1.8% 1.9%

770.4816.3 818.5

710.4

69.7%71.2% 71.1%

81.9%

40.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%

80.0%

85.0%

100

300

500

700

900

1100

1300

1H16 1H17 1H18 1H19

Net Profit (MB) % Dividend Payout1H16 1H17 1H18 1H19

Net Profit (MB) 770.40 816.26 818.49 710.35

% Dividend Payout 69.65% 71.24% 71.05% 81.87%

EPS (THB) 0.86 0.91 0.91 0.79

DPS (THB) 0.60 0.65 0.65 0.65

Closed price (THB) as of 30 June 33.00 33.75 24.60 29.25

Dividend yield (%) 1.8% 1.9% 2.6% 2.3%

Dividend Payout

Share 895 Million shareDividend paid 0.65 Baht per ShareDividend amount 581.53 MB



GROWTH POTENTIALS 12

Movie Attraction in 2H19, 25 Thai Movies in 2H19

MOVIE LINE UP 2H19

13

2H19

Spider-Man: Far from Home

Fast and Furious: Hobbs and Shaw

Star Wars: Episode IX

Maleficent: Mistress of Evil

Jumanji: The Next Level

Ad Astra

The Joker

Terminator: Dark Fate

Charlie's Angels

IT Chapter 2

Angel has fallen

Rambo V: Last Blood

Child's Play

The Lion King

Frozen 2

The Angry Birds Movie 2

Dora the explorer

Doraemon: Nobita's Chronicle

http://film-book.com/san-anderas-2015-dwayne-johnson-1st-official-image-new-casting


MOVIE LINE UP: THAI MOVIES

*Please note that release dates are subject to change. 14

Total of ~40 Thai Movies in Year 2019 from M Pictures Group and Other Production house

M Pictures Group

Other Production house in Thailand

28 Movies in 2H19 from M Pictures Group and Other Production house2H19

Pro May (Documentary)

Mr.Due (Romantic Comedy)

Luang Ta Ma Ha Heng (Comedy)

Kun Pan (Action Fantasy)

BikeMan 2 (Romantic Comedy)

The Exchange (Romantic Comedy)

Dew (Romantic Drama)

Heartbeat (Romantic Comedy)

Body Guard (Action Comedy)

Blood Valentine (Horror)

Diary Tootsie GDH (Romantic Comedy)

Joom Kamung (Action)

Ti Ban X BNK 48 (Comedy)

Untiltle GDH (Romantic Comedy)

Rak Ma Moom Ma Yam (Comedy)

*To Be announced title



*Please note that release dates are subject to change.

The most exciting upcoming movies of 2020

15

MOVIE LINE UP 2020Fast & Furious 9Top Gun 2: MaverickWonder Woman 1984James Bond 25Godzilla vs. KongBlack WidowThe Flash Artemis FowlCyborgVenom 2MulanCruellaThe King's ManUntitled Disney Live ActionA Quiet Place Part IIThe New MutantsGhostbustersPurge 5G.I. Joe: Ever VigilantThe EternalsUnderwater Bad Boys for LifeThe Invisible ManMinions: The Rise of GruGretel and HanselPeter Rabbit 2BarbieScooby-DooThe SpongeBob MovieThe Croods 2Sonic the HedgehogThe GrudgeTrolls 2



16

116 123207 217 240 245 255 268 267 269 294 294 304 336 343 338 34929 39 50 71 89 86 94 114 119 185 209

280 319 347 400

123 142236 256 290 316 344 354 361 383 413

479520

628678 710

782

0

100

200

300

400

500

600

700

800

900

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

BKK & Vicinity Province International

2Q12 2Q13

VIETNAM

LAOS

CAMBODIA

MYANMAR

EXPANSION PLAN

No. Location Screens Location No. BKK UPC INTER Opening Date

1 ITECC Vientiane, Laos (Opened 16Jan) 4 160 √

2 Lotus Baansuan, Chonburi (Opened 17Jan) 2 161 √ 1Q19

3 Lotus Jomthong, Chiangmai (Opened 24Jan) 1 162 √ (9 Screens)

4 Lotus Angthong (Opened 31Jan) 2 163 √

5 Lotus Ubon Ratchathani (Opened 30May) 2 164 √2Q19

(2 Screens)

6 Lotus Praram 2 3 165 √

7 Big C Poipet 2 166 √

8 Big C PakChong 3 167 √

9 Robinson Ladkrabung 5 168 √

10 Kad Suan Kaew - Chaingmai 6 169 √

11 EGV Lotus Phuket 2 170 √

12 Lotus Saraburi 2 171 √

13 EGV Lotus Payao 2 172 √

14 Big C Mahachai 2 2 173 √

The rest of the locations will be annouced soon

2H19

(27 Screens)

Cambodia•24 Screens •4 Locations

Phnom Penh, Siem Reap

Laos•13 Screens

• 3 Locations

Pakse, Vientiane

Thailand•756 Screens

•158 Locations

Nationwide

MAJOR has coverage in 60 provinces throughout Thailand and targets to expand 60 - 70 additional screens nationwide and international in year 2019

Major leverage by using social media and loyalty program to create frequency movie as well as nurture movie culture.

17

ID line: MajorFriends

15.8M Friends

Twitter: MajorGroup

2.5M Followers Youtube: MajorGroup

568K Subscribers

www.majorcineplex.com

5M Visitors / MonthM Generation

4.9M Members

FB: MajorGroup

5.8M FANPAGE

Mobile Application

11M Download

MPASS120K Members

(Started from Jan’18)

Email Subscribers1.5M Members

IG: MajorFriends

448K Followers

SOCIAL MEDIA PLATFORM

18

LIFESTYLE

Thank you

Disclaimer

The information in this presentation has been prepared by Major Cineplex Public Company Limited (MAJOR) and is general background information about MAJOR’s activities current as at date of this presentation. This presentation is not intended to provide the basis of any investment decision, nor to substitute your own analysis and investigation and should not be considered as a recommendation to any recipient of this presentation. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities or instrument transactions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this presentation is, or should be relied on as a promise or representation of MAJOR as to the future.

Thank youFor further inquirywww. http://investor.majorcineplex.com/enContact person: Suparee JayapoomEmail : [email protected]


http://investor.majorcineplex.com/en

http://investor.majorcineplex.com/en

MAJOR CINEPLEX GROUP PLC. 19


major cineplex group plc.major.listedcompany.com/misc/quarterly/20190815-major... · 2019-08-19 ·...

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