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3Q11 QUARTERLY BRIEFINGLIFESTYLEentertainment

Quarterly Briefing

3Q11MAJOR CINEPLEX GROUP PLC.Paragon Cineplex, Siam ParagonNov 14, 2011

LIFESTYLEentertainment


2

contents

The Bottom Line

3Q11 Financial ReviewReview of Revenue, Net profit B/S snapshot

Growth PotentialsFlood effect



14

1 19

3

1Q10 1Q11

50

7

70

1

YTD Sep10 YTD Sep 11

21

4

21

5

3Q10 3Q11

The Bottom Line

Bt.million

Net profit

+0.5%

3Q10 3Q11 3Net Profit Bt.million


15

2

29

3

2Q10 2Q11

21

4

21

5

3Q10 3Q11

1Q10 1Q11 2Q10 2Q11 3Q10 3Q11

YTD

SEP10

YTD

SEP11

Slightly better net profit from 3Q10

• Strong film line-up drives core business• Higher film hire due to Block Buster Movies

+38%


20

4

19

5

3Q10 3Q11

11

2 13

03Q10 3Q11

11

9

12

5

3Q10 3Q11

17

5

21

5

3Q10 3Q11

1,0

65 1

,19

1

3Q10 3Q11

1,6

75 1,8

56

3Q10 3Q11

3Q11 Financial Review

Bt.million

Revenues+11%

Bowlinggroup+5%

Rental&services

+16%

filmdistribution

-5%

Cinema group+12%SSSG +6%

3Q10 3Q11 4

Advertising+23%

Healthy revenue growth sustained

• Strong line-up i.e. Transformer3, HP7.2 and Naresuan4• More digital projectors driving ATP• Also contribution from Advertising and Rental & Services


1,065

762880

1,3261,191

28%26%

31% 30%26%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

3Q10 4Q10 1Q11 2Q11 3Q11

87

1 96

6

19

4 22

4

3Q10 3Q115

GBO+11%

Concessions+16%

3Q11 Financial Review : Cinema

Cinema revenues Bt.million

%cinema group sales margins

3Q10 4Q10 1Q11 2Q11 3Q11

1,6

75 1,8

56

3Q10 3Q11


3Q10 3Q11

Bt.million

Revenues+11%

Better revenue than 3Q10• Better ATP from increasing digital projectors• Strong line-up i.e. Transformer3, HP7.2 and Naresuan4• Higher film hire reflects to lower margin


87

1 96

6

19

4 22

4

3Q10 3Q116

3Q11 Financial Review : Cinema (Con’t)1

,67

5 1,8

56

3Q10 3Q11


3Q10 3Q11

Bt.million

Revenues+11%

Better revenue than 3Q10• Better ATP from increasing digital projectors• Strong line-up i.e. Transformer3, HP7.2 and Naresuan4• Higher film hire reflects to lower margin


87

1 96

6

19

4 22

4

3Q10 3Q117

3Q11 Financial Review : Cinema (Con’t)

Cinema revenues Bt.million

1,6

75 1,8

56

3Q10 3Q11


3Q10 3Q11

3Q113Q10

Bt.million

Revenues+11%

Better revenue than 3Q10• Better ATP from increasing digital projectors• Strong line-up i.e. Transformer3, HP7.2 and Naresuan4

• Higher film hire reflects to lower margin


1,6

75 1,8

56

3Q10 3Q11

175 169

130

189

213

0

50

100

150

200

250

300

3Q10 4Q10 1Q11 2Q11 3Q11

17

5

21

5

3Q10 3Q113Q10 3Q11

3Q11 Financial Review : Advertising

Core advertising services income Bt.million 8

Advertising+23%

3Q10 4Q10 1Q11 2Q11 3Q11

Bt.million

Revenues+11% Continuous growth in Advertising

• Automotive bounced back from Tsunami


119133

107 118 125

33% 33%30% 31%

34%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

0

50

100

150

200

250

300

350

3Q10 4Q10 1Q11 2Q11 3Q11

11

9

12

5

3Q10 3Q119

3Q11 Financial Review : Bowling

%bowling group sales margins

Bowling & Karaoke revenues Bt.million

1,6

75 1,8

56

3Q10 3Q11

3Q10 3Q11

Bowlinggroup+5%

3Q10 4Q10 1Q11 2Q11 3Q11

Bt.million

Revenues+11%

Continuous growth in Bowling Business

• Corporate Activities & Tournament drive business• Stronger in both revenue and margin


11

2 13

0

3Q10 3Q11

112103

109 112

130

0

20

40

60

80

100

120

140

160

180

3Q10 4Q10 1Q11 2Q11 3Q11102Q10 2Q11

3Q11 Financial Review : Rental & Service

Full occupancy in Metropolis drove up revenue

rental & services income Bt.million

1,6

75 1,8

56

3Q10 3Q11

3Q10 3Q11

Rental&services

+16%

3Q10 4Q10 1Q11 2Q11 3Q11

Bt.million

Revenues+11%


0.60

0.51

0.42

-0.50

-0.30

-0.10

0.10

0.30

0.50

0.70

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

YE09 YE10 End 3Q11

Net interest-bearing debts Equity Net D/E

5,6745,972

5,359 5,06911,033 11,041

Dec 31, 10 Dec 31, 10 Sep 30, 11 Sep 30, 11

Dec 31, 10 Sep 30, 11

AS

SET

S

AS

SET

S

EQU

ITY

EQU

ITY

LIA

BIL

ITIE

S

LIA

BIL

ITIE

S

B/S Snapshot

End

2Q11

Liabilities decreased comparing 3Q11 vs. YE10

• Debts repaid

0.85

0.62

0.30 0.37

0.60 0.51

0.36

(0.50)

(0.30)

(0.10)

0.10

0.30

0.50

0.70

0.90

1.10

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

YE05 YE06 YE07 YE08 YE09 YE10 End 2Q11

Net interest-bearing debts Equity Net D/E

YE10End

3Q11YE0911

Bt.million Dec 31, 10 Sep 30, 11 %chg

Assets 11,033 11,041 0%Liabilities 5,359 5,069 -5%Equity 5,674 5,972 5%


5,6745,972

5,359 5,06911,033 11,041

Dec 31, 10 Dec 31, 10 Sep 30, 11 Sep 30, 11

AS

SET

S

EQU

ITY

LIA

BIL

ITIE

S

Investments Portfoliovs. Interest-bearing debts

• Investment portfolio as of 30th Sep 11:• 66% in M Pictures Entertainment Plc. (MPIC)• 24% in Siam Future Development Plc. (SF) • 33% in Major Cineplex Lifestyle

Leasehold Property Fund (MJLF)• 40% in ThaiTicketMajor Co., Ltd.• 45% in Major Kantana Broadcasting Co., Ltd.• 9.4% in PVR Limited (PVRL)• 49% in PVR blu-O Entertainment Limited

12

Bt.million

Investments %Shareholding Market value*

MJLF 33.0% 1,165

Siam Future 24.5% 1,559

MPIC 66.1% 627

PVRL 9.4% 231

Total 3,582 *Closing price on Nov 7,2011

Bt.million

Interest-bearing debts 3Q11

Bank OD & ST loans 569

CP of LT borrowings 46

LT borrowings 193

Debentures 2,300

Total 3,108As of 3Q11

AS

SET

S

Sep30, 11


GROWTH POTENTIALS


Quarterly Briefing

3Q11


GROWTH POTENTIALSFY11 Strategic Focus

• More focus on existing assets given solid film line-up• Driving same store growth for higher revenue

• Increase cinema occupancy• Improve ticketing convenience• Customer-oriented thru m-Gen

• Concentrate more on Digital & 3D films to increase ATP• Further inroad into India while exploring other

international markets


14


GROWTH POTENTIALSส.ค.ส. สวีทตี้(M39)Real SteelThe Advantures of TINTIN (3D)Sherlock Holmes 2

Mission: Impossible: Ghost ProtocolImmortals

The Twilight Saga: Breaking Dawn: Part 1Puss in boots

Driveมิดไมล์ Racing Love

30 ก ำลังแจ๋ว(M39)In Time

Top Secret วัยรุน่พนัล้านSpy Kids 4: All The Time In The World (3D)30+ โสด ON SALESmurf’s (3D)

Love Summer รักตะลอน ออนเดอะบีชCars 2 (3D)

AbductionJohnny English Rebornราโชมอน อโุมงค์ผาเมือง

ColombianaFinal Destination 5

King Naresuan 4 ศึกนันทบุเรงRise of the Planet of the Apes

Captain America: The First Avengerพุม่พวง ดวงจันทร์

Harry Potter & the Deathly Hallows: Part 2Transformers: Dark of the Moon

Green Lantern

Jun Jul2Q11 3Q11

Apr May4Q11

Aug Sep Oct Nov Dec

FY11 Films line-up LIFESTYLEentertainment

Selected films only,subject to change


GROWTH POTENTIALSDjango Unchained

Life of PiMonster Inc. 2World War Z

Rise of the GuardiansThe Twilight Saga: Breaking Dawn Part II

James Bond 23 Halloween 3D

The Big Wedding

Kill Bin Laden

The Texas Chainsaw Massacre 3DSavages

DreddResident Evil: Retribution

The Expendables 2Brave

Total RecallThe Bourne Legacy

The Dark Knight RisesIce Age: Continental Drift

The Amazing Spider-ManG.I. Joe: Retaliation

Jack the Giant KillerMadagascar 3

Men in Black III Dark Shadows

The Avengersรักเหลือล้น (M39)

BattleshipKing Naresuan 5 ยุทธหัตถี

Titanic (3D)Crash of the Titans(3D)7th anniversary GTH

Hugo Cabret (3D)Ghostrider : Spirit of Vengence

Star Wars : Episode I - The Phantom Menace (3D)วำเลนไทน์ สวีทตี(้M39)

Safe HouseUnderworld: Awakening Red Tails Haywire

Contrabandปลน้นะยะ 2

Selected films only,subject to change

DecJun Jul Aug Sep Oct Nov1Q12 2Q12 3Q12 4Q12

Jan Feb Mar Apr May

FY12 Films line-up LIFESTYLEentertainment


GROWTH POTENTIALSCapacities LIFESTYLE

entertainment

As of Nov 2011

FY10 FY11 FY12Screens 361 25 46

BKK & Vicinity 252 Paradise Park 2 IKEA 16 Additional screens Bangkae 10

TBA 5

Provincial 109 Chiang-rai 5

Pitsanuloke 5

Chantaburi 5

Ubonratchathani 2 Additional screens

Khonkaen 5

Bangna 1 Additional screens

TBA 15

Lanes 504 26 196

BKK & Vicinity 386 IKEA 24

Bangkae 16

Provincial 94

International 24 Vasant Kunj 26 Bangalore 60

Pune 36

Mumbai 12

Chandigarh 26

Raja Garden 22


180.5

3.1

4.7 3.3

11.7

Jan Feb Mar Apr 1Q11

GROWTH POTENTIALSM Generation LIFESTYLE

entertainment

• Loyalty card to customers• Customer insights & Direct marketing channel for MAJOR

to drive same-store growth

Total 1,042,274 members

46.3Bt.million

As of Nov 8th 11

Ratio M Gen Card : Regular & Student

Regular

50.8%Student

49.2%


GROWTH POTENTIALSLIFESTYLEentertainmentPVR blu-O

Roll out Plan for next 3 years

Sl. No

Particulars (Rs million) LanesHandover

DateOpening

Date

Total Project

Cost

Already Incurred

Balance Project

Cost

1 Ambience Mall, Vasant Kunj 26 Jul-10 Sep-11 156 109 48

2 Orion Mall, Banglore 28 Jul-11 Jan-12 173 3 170

3 Plaza Center, Pune 20 Jul-11 Jun-12 120 2 117

4 Bannergutta, Bangalore 16 Oct-11 Jun-12 118 - 118

5 Mkt City. Kurla, Mumbai 12 Nov-11 Jun-12 155 - 155

6 Mkt City, Pune 16 Aug-11 Apr-12 135 - 135

7 Market City, Bangalore 16 Sep-11 May-12 130 - 130

8 Raja Garden 22 Nov-11 Jul-12 144 - 144

9 L&T Mall, Chandigarh 26 Jan-12 Sep-12 169 - 169

10 Bharti Group, Ludhiana 16 Jul-12 Feb-13 113 - 113

11 Logix Group, Noida 26 Feb-13 Aug-13 187 - 187

Total 224 1,598 114 1,484


GROWTH POTENTIALS

> Bangalore


Orion Mall

Plaza Center

PVR blu-O : 1Q12> Pune


GROWTH POTENTIALSLIFESTYLEentertainmentPVR blu-O : 2Q12

> Pune

Market City


GROWTH POTENTIALSLIFESTYLEentertainmentPVR blu-O : 2Q12

Banerghatta

> Bangalore

Mkt City, Whitefield


Kurla

GROWTH POTENTIALSLIFESTYLEentertainment

> Chandigarh

PVR blu-O : 3Q12> Mumbai

L&T Mall


FLOOD EFEECT


3Q11 QUARTERLY BRIEFINGLIFESTYLEentertainmentLIFESTYLEentertainment

FLOOD EFFECT

No Branch Name Closed date Re-open dateTotal

Screens

Total

Seats

Total

Bowling

Lanes1 Nakornsawan 12-Oct-11 Open (18-Oct-11) 5 1,138 12

2 Big-C Ayutthaya 15-Oct-11 Open (1-Nov-11) 4 1,300 10

3 Lotus Navanakorn 19-Oct-11 - 4 1,200

4 Big-C Navanakorn 19-Oct-11 - 3 600

5 Rungsit 19-Oct-11 - 16 3,100 26

6 Future Park Rangsit 19-Oct-11 - 10 1,700

7 Big-C Thanyaburi 26-Oct-11 - 4 1,100

8 Central Pinklao 26-Oct-11 Open (13-Nov-11) 11 1,900

9 Pinklao 27-Oct-11 Open (12-Nov-11) 13 4,000 18

10 Lotus Salaya 28-Oct-11 - 5 1,200

11 Changwattana 31-Oct-11 Open (12-Nov-11) 16 4,200 14

12 Big-C Petchakasem 2-Nov-11 - 6 1,700 12

13 Ratchayothin 3-Nov-11 - 15 3,300 38

14 Fashion Island 4-Nov-11 - 11 2,400 16

Total 123 28,838 146

3Q11 QUARTERLY BRIEFINGLIFESTYLEentertainmentLIFESTYLEentertainment

FLOOD EFFECT


Quarterly Briefing

3Q11MAJOR CINEPLEX GROUP PLC.


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