PVR

PVR Ltd
Key operating metrics
Operating matrices Q3FY15 Q4FY15 1QFY16 2QFY16 3QFY16 4QFY16 1QFY17 2QFY17
Location 102 105 106 107 109 114 120 121
Screens 454 467 474 477 491 524 551 557
Screens additions during the quarter 0 13 7 3 14 33 27 6
Seats 107,292 110,524 111,278 112,499 114,634 119,673 126,377 127,520
Footfalls (m) 16.0 12.2 19.0 18.8 16.5 15.3 20.7 18.5
ATP (INR) 185 168 183 187 200 182 195 202
SPH (INR) 67 62 74 68 74 72 78 84
Consolidated revenues (INR mn) Q3FY15 Q4FY15 1QFY16 2QFY16 3QFY16 4QFY16 1QFY17 2QFY17
Ticket sales (INR m) 2,307 1,579 2,667 2,662 2,512 2,144 3,056 2,781
Sale of Food and beverages (INR m) 1,006 692 1,298 1,196 1,136 1,037 1,475 1,396
Advertisement and royalty income (INR
m) 539 381 457 461 693 455 515 624
Other income 123.5 83.3 224 201 209 234 379 326
Total revenues (INR mn) 3,975 2,735 4,645 4,520 4,550 3,869 5,425 5,127
Revenue mix Q3FY15 Q4FY15 1QFY16 2QFY16 3QFY16 4QFY16 1QFY17 2QFY17
Ticket sales 58% 58% 57% 59% 55% 55% 56% 54%
Sale of Food and beverages 25% 25% 28% 26% 25% 27% 27% 27%
Advertisement and royalty income 14% 14% 10% 10% 15% 12% 9% 12%
Other income 3% 3% 5% 4% 5% 6% 7% 6%
Total revenues 100% 100% 100% 100% 100% 100% 100% 100%
Key Assumptions FY14 FY15 FY16 FY17E FY18E
Number of Screens 421 464 516 603 658
Screen additions 70 43 52 55 55
Number of seats 101,095 110,524 119,673 137,540 148,815
Occupancy rate 31% 30% 35% 33% 35%
Number of shows per day 5.4 5.0 5.0 5.1 5.1
Total footfalls (m) 60 59 64 73 84
Average ticket price (INR) 168 177 188 201 217
ATP growth (YoY) 3% 5% 6% 7% 8%
Spend per head (INR) 54 64 72 83 96
SPH growth (YoY) 15% 19% 13% 15% 16%
Ad revenue per screen (NR/m) 3.7 3.8 4.2 4.7 5.2
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