major cineplex group plc
TRANSCRIPT
MAJOR
CINEPLEX
GROUP PLC.
1
4Q20 Company Presentation
FINANCIAL
OVERVIEW
2
4Q20 QUARTERLY BRIEFING
Bt.Million 4Q20 4Q19Growth
Amt. %
Revenue 1,339 100% 2,667 100% (1,328) (50%)
Gross Profit 411 31% 986 37% (575) (58%)
SG&A 574 43% 742 28% (168) (23%)
Operating Profit (164) (12%) 244 9% (407) (167%)
EBITDA 627 47% 838 31% (211) (25%)
EBIT 294 22% 566 21% (272) (48%)
Core Profit / Loss 328 24% 386 14% (58) (15%)
Net Profit (Loss) 328 24% 386 14% (58) (15%)
Financial Highlights
3
4Q20 QUARTERLY BRIEFINGRevenue Breakdown
1,3
39
2,6
67
4Q19 4Q20
Total
Revenue(50%)
(1,328mb.)
1,4
64
655
4Q19 4Q20
Admission
Revenue
(55%)(809mb.)
527
280
Concession
(47%)(247mb.)
418
170
Advertising
(59%)(248mb.)
4Q19 4Q20 4Q19 4Q20 4Q19 4Q20 4Q19 4Q20 4Q19 4Q20
103
73
Bowling group
(29%)(30mb.)
10
7
92
Retails
(14%)(15mb.)
49 69
Movie Content
+42%20mb.
4
FY2020 YEARLY BRIEFING
Bt.Million FY2020 FY2019 *RestatedGrowth
Amt. %
Revenue 3,765 100% 10,697 100% (6,932) (65%)
Gross Profit 601 16% 3,848 36% (3,247) (84%)
SG&A 1,970 52% 2,637 25% (667) (25%)
Operating Profit (1,369) (36%) 1,211 11% (2,580) (213%)
EBITDA 784 21% 3,602 34% (2,819) (78%)
EBIT (458) (12%) 2,023 19% (2,481) (123%)
Core Profit (Loss) (527) (14%) 1,395 13% (1,923) (138%)
Net Profit (Loss) (527) (14%) 1,407 13% (1,934) (137%)
Financial Highlights
5
FY2020 YEARLY BRIEFINGRevenue Breakdown
3,7
651
0,6
97
2019 2020
Total
Revenue(65%)
(6,932mb.)
5,8
56
1,7
58
2019 2020
Admission
Revenue
(70%)(4,097mb.)
2,0
97
725
Concession
(65%)(1,373mb.)
1,5
84
57
3
Advertising
(64%)(1,011mb.)
2019 2020 2019 2020 2019 2020 2019 2020 2019 2020
419
20
3
Bowling group
(52%)(216mb.)
43
0
335
Retails
(22%)(96mb.)
311
172
Movie Content
(45%)(139mb.)
6
40.16 14.48
5.10
0
5
10
15
20
25
30
35
40
45
2019 2020 4Q19 4Q20
Guest Counts (Million) Comp.&MPASS
5.942.69
2.19
34
.22
11
.79 10.88
8.69
0.94
4.16
173141
169 151
2019 2020 4Q19 4Q20
4Q20 QUARTERLY BRIEFINGRevenue : Admissions
ATP & Guest Counts
ATP (THB)
Guest Counts Breakdown By Regional
ATP Breakdown (THB)
47% 41% 48% 43%
53% 59% 52% 57%
2019 2020 4Q19 4Q20
Bangkok & Vicinity Upcountry
201 176 196 181
147116
144 128
2019 2020 4Q19 4Q20
Bangkok & Vicinity Upcountry
7
56% 55% 55% 58%
44% 45% 45% 42%
2019 2020 4Q19 4Q20
Bangkok & Vicinity Upcountry
FY2019 Top 5 Box Office
4Q20 QUARTERLY BRIEFINGRevenue : Admissions
8
Box Office Breakdown by Regional
84% 74% 79%55% 58%
38%
68%47%
15% 26% 21%45% 42%
62%
32%53%
2017 2018 2019 2020 1Q20 2Q20 3Q20 4Q20
Hollywood Local
Market Share Breakdown
by Movies
FY2020 Top 5 Box Office
153 MB 79 MB89 MB 70 MB 68 MB
298 MB 288 MB298 MB 244 MB 197 MB753 MB
4Q20 QUARTERLY BRIEFINGRevenue Concession
Concession Revenue & Margin % Con to Box Ratio
Best Seller 4Q19
9
40.1
14.5 10.95.1
38% 47% 39% 48%
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
2019 2020 4Q19 4Q20
Admission (Million) % Con to Box
2,097
725 527
280
67%62%
66%61%
25%
30%
35%
40%
45%
50%
55%
60%
65%
70%
100
600
1,10 0
1,60 0
2,10 0
2,60 0
2019 2020 4Q19 4Q20
Concession Revenue (THB) Margin (%)
4Q20 QUARTERLY BRIEFINGRevenue Advertising
10
1,584
573
418
170
80% 76% 80% 76%
0% -
200
400
600
800
1,000
1,200
1,400
1,600
2019 2020 4Q19 4Q20
Advertising Revenue (Million) Margin (%)
Advertising Revenue
430
335
107 92
31% 27%19%
8%
25%
27%
29%
31%
33%
35%
37%
39%
100
600
1,10 0
1,60 0
2,10 0
2,60 0
2019 2020 4Q19 4Q20
Revenue (Million) Margin (%)
4Q20 QUARTERLY BRIEFINGRevenue Bowling Group/Rental Service/Movie Content
Rental ServiceBowling Group Movie Contents
•Revenue growth from Thai Movie and Asia Animation movie.
Unit : THB mn
11
419
203
103 73
40%
15%
45%36%
25%
27%
29%
31%
33%
35%
37%
39%
100
600
1,10 0
1,60 0
2,10 0
2,60 0
2019 2020 4Q19 4Q20
Revenue (Million) Margin (%)
311
172
4969
100
600
1,10 0
1,60 0
2,10 0
2,60 0
2019 2020 4Q19 4Q20
6,499 7,277 7,480 6,626
4,740 3,904 4,014 5,145
0.64
0.45 0.41
0.54
0.0 0
0.1 0
0.2 0
0.3 0
0.4 0
0.5 0
0.6 0
0.7 0
0.8 0
-
2,00 0
4,00 0
6,00 0
8,00 0
10,0 00
12,0 00
14,0 00
16,0 00
18,0 00
20,0 00
2017 2018 2019 2020
4Q20 QUARTERLY BRIEFINGBalance Sheet Snapshot
ASSETS
1
7,8
68
EQ
UIT
Y 7
,48
0LI
AB
ILIT
IES 1
0,3
88
Bt.million 31Dec19 31Dec20 %chg
Assets 17,868 17,678 (1%)
Liabilities 10,388 11,052 6%
Equity 7,480 6,626 (11%)
ASSETS
1
7,6
78
EQ
UIT
Y 6
,62
6LI
AB
ILIT
IES
11
,05
2
31 DEC 2031 DEC 19
Net interest-bearing debts
Equity Net D/E
12
Restated
Restated Restated
BUSINESS
REVIEW
13
*Please note that release dates are subject to change.
2021HOLLYWOOD: MOVIE LINE UP
18
HOLLYWOOD
Please note that (P) stands for
postpone from 2020 to 2021
Fast & Furious 9 (P)
The Eternals (P)
Masters of the Universe (P)
Black Widow (P)
No Time To Die (P)
Top Gun 2 : Maverick (P)
Spider-Man 3 (P)
Morbius (P)
Venom: Let There Be Carnage (P)
Jungle Cruise (P)
Godzilla vs. Kong (P)
Dune (P)
The King's Man (P)
A Quiet Place Part 2 (P)
The Conjuring 3 (P)
Halloween Kills (P)
Candyman (P)
Uncharted (P)
Infinite (P)
Free Guy (P)
Raya and the Last Dragon (P)
Rumble (P)
Peter Rabbit 2 (P)
The Boss Baby 2 (P)
Clifford the Big Red Dog (P)
HOLLYWOOD
Shang Chi and the Legend of the
Ten Rings
Mission: Impossible 7
The Suicide Squad 2
Tomb Raider 2
The Matrix 4
Untitled Paramount/Hasbro Film
Untitled WB Event Film #2
Untitled Universal Event Film
Untitled Disney Live Action I
Hitman Bodyguard 2
The Forever Purge
Mortal Kombat
Cinderella
Jackass 4
Luca
Space Jam: A New Legacy
Hotel Transylvania 4
My Little Pony Movie
The Addams Family 2
Minions : The Rise of Gru
Barbie
PAW Patrol: The Movie
Untitled Pixar Animation
Cinderella
Tom & Jerry
The SpongeBob 3
*Please note that release dates are subject to change.
2Q21: HOLLYWOOD/LOCAL - MOVIE LINE UP
18
2Q21: HOLLYWOOD / LOCAL
Fast & Furious 9
Black Widow
Venom: Let There Be Carnage
Infinite
Free Guy
The Conjuring 3
The Courier
Spiral: From the Book of Saw
Cruella
Peter Rabbit 2
Stand by me: Doraemon 2
How I Became a Superhero
Marry Me
Cracked (M)
My Boss is a Serial Killer (M)
Khun Chai Yai
Tell The World I Love You
Oops!..there's Dad (M)
Game Changer
The Perfect Couple
ThiBaanTheSeries
Som Pla Noi (M)
Phee Mua Mai
Tuad Juad 2021
Untitled Comedy (M)
Untitled Horror
*Please note that release dates are subject to change.
2H21: HOLLYWOOD/LOCAL - MOVIE LINE UP
18
2H21: HOLLYWOOD
The Eternals
Mission: Impossible 7
No Time To Die
Top Gun 2 : Maverick
Spider-Man 3Shang Chi and the Legend of the Ten Rings
Jungle Cruise
G.I. Joe : Snake Eyes
Dune
The Suicide Squad 2
The King's Man
A Quiet Place Part 2
The Matrix 4
Don't Breathe 2
The Forever Purge
Hitman Bodyguard 2
Space Jam: A New Legacy
The Tomorrow War
Halloween Kills
Minions : The Rise of Gru
Hotel Transylvania 4
The Addams Family 2
The Boss Baby 2
Cinderella
2H21: HOLLYWOOD/LOCAL - MOVIE LINE UP
18
2H21: LOCAL
Estimate 25 - 30 Thai Movies in 2H21
Buppe San Nivas (GDH)
The Adventure (Transformation)
SLR (M)
Untitled Horror (GDH)
Inhuman Kiss 2 (M)
The Gentleman (M)
Whole Truth (M)
Dang (M)
W (GDH)
Hor Taew Tak Hak COVID (M)
Kod Kao (M)
Esarn Zombie (M)
I AM OK (M Pictures)
Kid Kaiju (M Pictures)
*Please note that release dates are subject to change.
2022 HOLLYWOOD: MOVIE LINE UP
18
HOLLYWOOD
Avatar 2
Jurassic World: Dominion
Black Panther 2
Captain Marvel 2
Doctor Strange in the Multiverse of Madness
Thor: Love and Thunder
Morbius
The Batman
Aquaman 2
The Flash: Flashpoint
Fantastic Beasts and Where to Find Them 3
Mission: Impossible 8
Untitled Transformers Project
Spider-Man: Into the Spider-Verse 2
John Wick: Chapter 4
Sherlock Holmes 3
Indiana Jones 5
Halloween Ends
Untitled Disney Live Action
Last Year
Scream
MAJOR currently operated 817 screens, 172 locations nationwide and international. and adjusted ~23 additional screens in year 2021 expansion plan.
EXPANSION PLAN
Laos•13 Screens •3 Locations
Cambodia •26 Screens•5 Locations
Phnom Penh,
Siem Reap
Pakse, Vientiane
Thailand •778 Screens •164 Locations
Nationwide
116 123207 217 240 245 255 268 267 269 294 294 304 336 343 338 349 357 35929 39
50 71 89 86 94 114119
185 209
280319 347
400 418 421
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
BKK & Vicinity Province International
123142
236256
290 316344 354 361 383
413
479
520
628678
710
782
817
20
Screen Expansion Year 2021
814
No. Location Screens Location No.BKK&
VicinityUPC Inter
1 Lotus Nikombangkadi 2 173 √
2 Surin Plaza 4 174 √
3 EGV Lotus HatYai 2 175 √
4 Big C Poowin 3 178 √
5 Central Sriracha 5 180 √
The rest of the locations will be annouced soon
For further inquiry http://investor.majorcineplex.com/enContact person: Suparee JayapoomEmail : [email protected]
DisclaimerThe 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 bematerially 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.
AppendixAcronyms, Abbreviations, and Initialisms
ATP Average Ticket Price Guest Count (GC) No. of Tickets soldCTB Concession to Box Office Ratio MGEN Major Loyalty ProgramComp. Complimentary Ticket MPASS Unlimited Movies Pass Concession Revenue from Popcorn, Soft drink and other limited only 5 branches (Pilot Project)
20