LIFESTYLEentertainment
2Q19 Analyst MeetingParagon Cineplex, 13th August 2019
MAJOR CINEPLEX GROUP PLC.1
FINANCIAL OVERVIEW 2
IMAX
LIFESTYLEentertainment
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.)
2Q19 QUARTERLY BRIEFING
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
Bangkok & Vicinity Upcountry
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
2Q19 QUARTERLY BRIEFING
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
Bangkok & Vicinity Upcountry
753 MB
2Q19 QUARTERLY BRIEFING
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
2Q19 QUARTERLY BRIEFING
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
2Q19 QUARTERLY BRIEFING
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
2Q19 QUARTERLY BRIEFING
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
2Q19 QUARTERLY BRIEFING
11
2Q19 QUARTERLY BRIEFING
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
2Q19 QUARTERLY BRIEFING
LIFESTYLEentertainment
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
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]
LIFESTYLEentertainment
MAJOR CINEPLEX GROUP PLC. 19
LIFESTYLEentertainment