ODEON & UCI Cinemas Group Annual Review 2011

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.
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