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Q1 2006 Investor Relations Presentation - PowerPoint Presentation - PowerPoint PPT Presentation


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Cineplex Galaxy Income Fund 2006 First Quarter. Cineplex Entertainment Circuit. Cineplex Odeon. Famous Players. Galaxy Cinemas. Theatres: 51 Screens: 491. Theatres: 54 Screens: 573. Theatres: 24 Screens: 205. Famous Players Acquisition - Rationale.

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cineplex entertainment circuit
Cineplex Entertainment Circuit

Cineplex Odeon

Famous Players

Galaxy Cinemas

Theatres: 51Screens: 491

Theatres: 54Screens: 573

Theatres: 24Screens: 205

famous players acquisition rationale
Famous Players Acquisition - Rationale

The leading film exhibitor in Canada

Accretive to distributable cash

Complementary operations will lead to cost savings

Opportunities to increase distributable cash through revenue growth

Increase advertising market share and other income

Addition of high quality theatres in metropolitan markets

Superior combined management

box office market share
Box Office Market Share

Combined After Divestiture

Cineplex Galaxy

Cineplex Galaxy32.1%

Cineplex Entertainment64.2%

Empire 13.6%

Other 6.9%

Other 9.8%

AMC 6.3%

AMC 6.3%

Empire 6.0%

Landmark 3.1%

Landmark 3.1%

Guzzo 3.0%

Guzzo 3.0%

Famous Players42.6%

Market Share of Canadian Box Office Revenues

Source: A.C. Nielsen EDI data

six top tier brands
Six Top-Tier Brands

Colossus3 theatres

Coliseum4 theatres

SilverCity22 theatres

Cineplex Odeon51 theatres

Galaxy24 theatres

Famous Players25 theatres

slide6

Industry

overview

consistent long term box office revenue growth
Consistent Long-Term Box Office Revenue Growth

CAGR since 1965: 5.6%

Canadian Recessionary Periods

Canadian Box Office Revenue1965 - 2006

industry box office
Industry Box Office

2005 Q1 2006

Canadian Industry* -8.6% +2.0%

Cineplex Entertainment -6.1% +2.3%(same store)

* Source: Motion Picture Theatre Associations of Canada

highest grossing films in 2005
Highest Grossing Films in 2005

Star Wars: Episode III$380 M

Harry Potter and Goblet of Fire$244 M

War of the Worlds$234 M

Wedding Crashers$209 M

Charlie and the Chocolate Factory$206 M

upcoming films for 2006
Upcoming Films for 2006

CarsJune 2006

Casino RoyaleNovember 2006

ClickJune 2006

Superman ReturnsJune 2006

Pirates of the Caribbean 2July 2006

Charlottes WebDecember 2006

Happy FeetNovember 2006

The Santa Clause 3November 2006

X-Men

May 2006

slide11

Company

overview

increasing revenue per guest
Increasing Revenue per Guest

$12.28

$12.33

$11.23

$10.84

$10.27

$9.83

Revenue per Guest

significant other revenue contribution
Significant Other Revenue Contribution

$62.5

$44.3

$22.8

$20.9

$17.4

$13.4

Other Revenues($ millions)

2005 excludes divestitures and includes FP for partial yearPro forma excludes divestitures

synergies
Synergies

Reducing overhead costs and adopting best practices

Consolidating two head offices

Staff reductions

Adopting best practices

Enhanced revenues

Operating savings

Media sales efficiencies and effectiveness

Creation of Cineplex Media

Improved purchasing and merchandising opportunities

Supplier contracts

Merchandising strategies

Concession management

Three Core Synergies:

acquisition synergies
Acquisition Synergies

Prospectus Q1 Current

Annualized Synergies: ($ millions)

General and Administrative $15 $15 $15

Media 5 5 9

Operations - 5 6

Total $20 $25 $30

looking into the future
Looking Into the Future

Leverage Over 60 Million Guests

MagazineIn-TheatreInteractive Media-WebLoyaltyNaming Rights

growth
Growth

Other income initiatives

Digital pre-show network

Cineplex Media

Alternative programming

Merchandising

Theatre openings

digital pre show network rollout plan
Digital Pre-Show Network Rollout Plan

Phase 1:

Phase 2:

April 1 LaunchToronto Extended Market Area- 21 Locations; 215 Screens

CompleteNationwide - Additional 800+ ScreensTOTAL 89 theatres & 1020 screens

cineplex media
Cineplex Media

Magazine publishing:

Famous Magazine, Famous Kids, Famous Quebec

In-theatre advertising:

Magazine, onscreen, posters, monitors, buildings, naming rights

merchandising
Merchandising

$3.72

$3.44

$3.04

$0.56

$0.39

$0.20

Concession Per Patron

new theatres for 2006 07
New Theatres for 2006/07

Brand Location Screens Opening

Galaxy Milton 8 June

Cineplex Odeon Brossard 16 June

Galaxy Saskatoon 12 July

Galaxy Brockville 6 July

Cineplex Odeon Oshawa 10 November

Galaxy Collingwood 7 December

SilverCity Burloak 12 2007

7 Theatres 71 Screens

financial
Financial

highlights

annual total revenue
Annual Total Revenue

1,275

1,269

775

740

$740.0

394

678

613

$490.3

$353.7

$330.0

$316.4

$250.2

$197.5

Screen Count

($ millions)

2005 excludes divestitures and includes FP for partial year

annual attendance
Annual Attendance

(millions)

2005 excludes divestitures and includes FP for partial year

annual ebitda
Annual EBITDA

EBITDA Margin

Adjusted EBITDA Margins – LTM March 2005:

CGX 20.2%

FP 9.0%

($ millions)

2005 EBITDA excludes divestitures and non-recurring/transaction related items and includes FP for partial year

total revenue q1 2006
Total Revenue Q1 2006

+3.2%

($ millions)

q1 2006 attendance
Q1 2006 Attendance

+0.9%

(millions)

q1 2006 adjusted ebitda
Q1 2006 Adjusted EBITDA

+282%

Margin 15.4% 4.1% 11.2%

($ millions)

credit facilities
Credit Facilities

Development facility

Available - $60 million

Working capital facility

Available - $50 million

Term facility

Drawn - $235 million

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