LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20180514-major-quarterly-1… · 1Q18 Analyst Meeting Paragon Cineplex, 11th May 2018 MAJOR CINEPLEX GROUP PLC. 1

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


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%


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.)


• 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


ATP Breakdown (THB)

178 175 175 170

149 139 139 133

2016 2017 1Q17 1Q18



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


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


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%)


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



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.


16

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LIFESTYLE - listed companymajor.listedcompany.com/misc/quarterly/20180514-major-quarterly-1… · 1Q18 Analyst Meeting Paragon Cineplex, 11th May 2018 MAJOR CINEPLEX GROUP PLC. 1