ODEON & UCI Cinemas Group Annual Review 2011

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Contents Highlights 3 Chairman’s Statement 6 Chief Executive’s Review 7 UK & Ireland Divisional Review Continental Europe 13 Divisional Review 16 Corporate Social Responsibility 20 Our People 21 Chief Financial Officer’s Report 22 Our Directors 26 Corporate Governance Report 28 Front Cover: Newly refurbished ODEON Swiss Cottage site including North London’s first IMAX screen. This page from top left to right: 1. Emma Watson signed autographs outside the premiere of ‘Harry Potter and the Deathly Hallows Part 2’ hosted at ODEON Leicester Square. 2. Guests enjoy fine food and film at The Lounge at ODEON Whiteleys. 3. Entrance to the big screen format auditorium iSens. 4. Exterior of the new UCI site in Cagliari, Italy. 5. The newly refurbished box office at Parc Vallès, Spain. 6. The opening of the brand new ODEON Swadlincote. 1 © David Fisher / Rex Features 2 3 4 5 6
highlights 2011 s ODEON & UCI Cinemas Group - Europe’s Leading Cinema Operator Number 1 Operator in Europe n More than twice the size of our nearest European competitor in screen numbers n Number 1 operator in the UK & Ireland, Spain and Italy n Significant presence in Germany, Austria and Portugal n Largest operator outside America n 1.6 million guests visit our cinemas weekly ● n 6.8 million users in pan-European database and 3.5 million loyalty card members Acquisitive Growth n 5 acquisitions between 2005-2009 continue to deliver good value n Further 6 acquisitions for total of 34 cinemas have been completed since 2009 in the UK & Ireland, Spain and Italy n Over £135m invested in 2010/2011 to increase number of screens by 16% ✛ EBITDA £103m increased 12% * Investment in cinemas and customer offer driving revenue growth despite economic downturn n Ticket price average increased 2% u n Retail per guest average increased 2% u n Screen ads declined, down 5% year-on-year ✝ n Other revenue up 31%, including 3D glasses sales ✝ n £32m invested in development projects Driving Digital Development ODEON & UCI Cinemas Annual Review 2011 n Roll-out close to completion, screens converted increased from 11% in December 2009 to nearly 90% in December 2011 with the UK & Ireland fully digital in November 2011. n On track to complete digital transformation by July 2012. This will make us the largest all digital exhibitor in the world. ❖ s ODEON & UCI Cinemas Group comprises ODEON & UCI Cinemas Holdings Ltd and ODEON Property Group LLP as described in the CFO’s Report. ✛ Earnings before interest, tax, depreciation, amortisation, exceptional items and strategic one-off costs. * Compared to previous year. u Major territory weighted average, like-for-like (“LFL”) estate, at constant foreign exchange rate. ● Based on average weekly attendances for 2011. ✝ LFL estate, constant foreign exchange rate. ❖ Excludes 3 sites managed for other owners & one site scheduled for closure this year. 3
Page 1: ODEON & UCI Cinemas Annual Review 2
Page 5 and 6: Leaders in Digital Cinema n More 3D
Page 7 and 8: Chief Executive’s Review ODEON &
Page 9 and 10: Harry Potter and the Deathly Hallow
Page 11 and 12: n Operational training for our staf
Page 13 and 14: UK & Ireland Divisional Review ODEO
Page 15 and 16: ODEON Première Club ODEON on the i
Page 17 and 18: Newly refurbished auditorium at Par
Page 19 and 20: Super Loge seating now installed in
Page 21 and 22: Our People The health and safety of
Page 23 and 24: OpCo Attendance Paid attendance for
Page 25 and 26: Some commentators have been concern
Page 27 and 28: December 2011 Mike Kinski Fraser Du
Page 29 and 30: Risk management processes and syste
Page 31 and 32: Website odeonucicinemas.com ODEON &

ODEON & UCI Cinemas Group Annual Review 2011

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