INOX Leisure Limited Investor Presentation Q1 FY15 A u g u s t 2 0 1 4
INOX – a dive iversif ifie ied busi siness group with ith mark rket le leadership across busi siness sses • Diversified, privately owned, professionally managed business group • 80 year track record of ethical business growth • 22 companies (including two listed , 7 international subsidiaries and 5 joint ventures, of which 3 are international) • 10 different businesses Gross block over Rs. 7,800 crores , Gross revenues over Rs. 5,200 crores • • 100 plus business units across India • Employing more than 10,000 people
Group of Companies Listed on BSE and NSE 50:50 joint venture with Air Privately held India’s largest manufacturer of Products and Chemicals Inc India’s largest cryogenic (USA), a Fortune 500 Company refrigerants, chloromethanes & PTFE engineering company, the second India’s largest industrial gas Carbon credit revenues utilized to largest in the world. manufacturer – with 40 plants build strong businesses Manufacturing facilities in India, across the country US, Canada, Brazil and China 75% subsidiary of GFL 100% subsidiary of GFL Listed on BSE and NSE Fully integrated wind turbine Wind farm operator with around 49% subsidiary of GFL manufacturer with state of the art 213 MW of operational wind farms. Currently operates 82 properties in facilities for nacelles, blades, towers, 45 cities comprising 320 screens and hubs and 86,231 seats India’s fastest growing and amongst largest wind farm solutions providers
INOX Leisu isure Limite ited is is India ia ’ s premie iere cinema operator currently operates 82 properties • with 320 screens • across 45 cities • located in premium upscale locations • with state of the art modern projection & acoustic systems • • interiors of international standards; luxurious seating wide range of local and international food & beverage offerings • with world class service • delivered by a young and vibrant team •
India ian Movie Exh xhib ibitio tion Bus usiness Organized retail is expected to grow at a rapid rate of 19-20% CAGR over the next 5 years o As of 2013, only 7.5% of the $520 bn retail market in India was organized Organized Retail on o Organized retail expected to be 10% share of total retail by 2018. o Favorable regulatory environment – 51% FDI permitted in multi brand retail Overdrive o Real Estate sector more organized – huge development in malls and commercial properties Large Malls need anchor tenants – strong preference for Multiplexes ~ 1000 movies released per annum Large Movie ~ 5 billion tickets sold annually Industry Quality content across genres and languages Domestic theatrical accounts for 75% of total film industry revenues in 2013 Box Office collections estimated to grow at 11.4% CAGR from Rs 93 bn in 2013 to Rs 160 bn in 2018 Multiple drivers for box office growth – Vibrant Digital Cinema enabled wide releases Larger box office collections Film Distributors enjoying o large profits Larger investments Quality content pipeline Domestic Box Office o Younger demographics and increasing discretionary spends especially on entertainment o Limited alternative entertainment options o Movie going is a social activity India is a severely under-served market with low screen density (8 screens / mn vs. 120 in US) Underpenetrated Multiplex screens account for just 25% of total screens multiplex market Latent demand in several markets for quality movie going experience Source: FICCI KPMG Report 2014; Pulse of Indian Retail Market - EY Report 2014; Research Reports Immense opportunity for large, organized players
One ne of f the the Largest t Multiplex Chains in n Ind ndia ia 15 Sta t e s 4 5 4 5 Ci t i e s 82 M ul t ip l ex e s 32 0 S cre e n s 8 6 , 231 S e a t s
Key Value Driv rivers One of the Largest Multiplex Chains in India • Track record of aggressive expansion • Pan India Presence • Strong project pipeline Unmatched Consumer Experience • Unmatched service and ambience • State of the art technology • Premium multiplex properties • Strong content pipeline Robust Operating Performance • Rising footfalls • High ticket prices • Highly profitable F&B service • Focus on other operating income • By leveraging on brand partnerships Fillips to profitability • Owned Properties • E-Tax Exemption
Track Rec ecord of f Aggressiv ive Exp xpansio ion 82 Prop. 79 Prop. 320 Screens Acquisition 74 Prop. 310 Screens of Fame 285 Screens 68 Prop. India 63 Prop. 257 Screens 239 Screens Acquisition of 89 Cinemas 32 Prop. 119 Screens 26 Prop. 22 Prop. IPO 91 Screens 76 Screens 14 Prop. 9 Prop. 51 Screens 6 Prop. 35 Screens 2 Prop. 3 Prop. 25 Screens 8 Screens 12 Screens Includes 6 Managed Properties with 20 screens FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 PUNE BHARUCH HYDERABAD VIZAG (CMR) LILUAH HYDERABAD SURAT KOLKATA KOLKATA BANGALORE DARJEELING FARIDABAD GURGAON VODADARA DURGAPUR SILIGURI BANGALORE SILIGURI NAVI MUMBAI VIZIANAGARAM (Elgin Road) (Salt Lake) (Magrath Road) KOTA NAGPUR VIZAG JAIPUR KOLKATA (Mantri Sq) (CC) PUNE KALKA GOA JAIPUR NAGPUR (Jaswant Tuli) (Chitralayaa) (Crystal Palm) (Rajarhat) RAIPUR MUMBAI (Vaishali Ngr) (Wardhaman BANGALORE BELGAUM Vijaywada (Amanora) Jalgaon LUCKNOW INDORE JAIPUR (LEPL) BHUBANESWAR JAIPUR (Nariman Point) INDORE Nagar) (Swagath) RAIPUR (Central Mall) (Raja Park) ------------ UDAIPUR MADURAI (Sapna Sangeeta) CHENNAI BURDWAN KOLKATA THANE KANPUR 2 FAME BHOPAL GREATER NOIDA JAIPUR (Swabhumi) VIZAG BANGALORE Properties KOLKATA (Bani Park) VIJAYWADA (Beach Road) MANIPAL (J.P.Nagar) -------------------- 25 FAME Properties On average, added two properties every quarter over the last decade
Pan Ind ndia ia Pres esence Cities Properties 17 30 20 18 10 9 9 14 East West South North East West South North Screens Seats 34,958 120 19,955 18,631 12,687 82 70 48 East West South North East West South North Well distributed mix of properties
Str trong Proje oject Pipeline Sl No. City No. of Screens Launch Date Gurgaon 3 24th Jun 2014 1 Vizag 3 4th Jul 2014 2 27 th Jul 2014 Q1 FY15 Jalgaon 4 3 Total Screens 10 Sl No. City No. of Screens Est. Launch Vizag 2 Q2FY15 1 Jamnagar 5 Q2FY15 2 Faridabad 3 Q2FY15 3 Lucknow 4 Q2FY15 4 Kurnool 3 Q3FY15 5 Pune 6 Q3FY15 6 Ajmer 3 Q3FY15 7 *Bhiwadi 3 Q3FY15 8 Goa 4 Q3FY15 9 FY15 Jaipur 4 Q4FY15 10 Kota 4 Q4FY15 11 Bangalore 5 Q4FY15 12 Vadodara 3 Q4FY15 13 Pune 5 Q4FY15 14 Kolhapur 4 Q4FY15 15 Aurangabad 3 Q4FY15 16 Total Screens 61 **Additional Screens 41 FY15 Post FY15 Total Screens 92 Post FY15 *Management Property **Screens of Satyam Cineplexes
Unmatched Se Servi vice and nd Ambie ience World class ambience Ambience Emphasis on safety, comfort and convenience Experienced Programming Team Wide variety of movies catering to different genres and tastes Programming Theatre management system installed in every unit allows flexibility in programming Setup own high quality DCI Compliant 2K Digital Projection Systems across locations to ensure world class cinematic experience High definition picture quality Video Quality 3D enabled High frame rate (HFR) ready (can go up to 60 fps) Early adopters of Dolby ATMOS sound technology Excellent acoustic systems Audio Quality Distortion free sound
State te of f the the Art rt Technology First multiplex chain in the country to co-develop an Integrated ERP software Focus on ensuring transparency to all business partners (regulatory agencies and distributors) End of day data availability allows for performance analysis and better management control Automated DCR (Daily Collection Reports) sent to regulatory agencies and distributors - no manual intervention for report generation and hence no room for errors, complete transparency Setup NOC in Mumbai that enables management team to continuously monitor, control and report information on digital systems across the country • Real time programming changes • Dynamic on screen ad scheduling from NOC
Prem emium Multi tiplex Prop operti ties PUNE AMANORA KOLKATA QUEST GREATER NOIDA MUMBAI INORBIT SURAT BHOPAL
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