Films Limited Business Update October 25, 2008
Highlights § Largest cinema operator with 400 screens spread across India, US, Malaysia and Mauritius § Adlabs Cinemas will be recipient of ‘International Exhibitor of the Year 2008’ by Cine. Asia 2008 at Macau in December 2008 § Only Lab accorded Kodak Image Care certificate for the 4 th consecutive year § 1 st in Asia : Adlabs facilities comprising Entire Lab, DI Lab and Digital cinema mastering facility accredited by Federation Against Copyright Theft (FACT), UK. § Our financial rating continues to be highest grade at A 1+ by ICRA, the only company in the media and entertainment space § FM radio business to be de merged effective April 1, 2008 consequent to the Board decision § Financials Period Rs. In Crores Jul Sep 08 Jul Sep 07 Apr Jun 08 * YOY QOQ Revenue From Operations 216. 59 144. 99 178. 08 49% 22% EBIDTA from operations 38. 07 13. 76 29. 38 177% 30% * Excluding Radio Operations 2
About Adlabs Films Limited, a member of the Reliance Anil Dhirubhai Ambani Group, is India’s fastest growing film and entertainment services company. Adlabs has a dominant and comprehensive presence in Film Services: Motion Picture Processing and DI, Film Restoration, Digital Mastering, Studios and Equipment rentals. Adlabs Films also operates India's largest cinema chain with about 400 screens spread across India, US and Malaysia. It has a significant presence in the film distribution space with a nationwide presence across India as well as offices in London, New York, Los Angeles and Malaysia. Adlabs’ television venture, Synergy Adlabs, is among the top players in the television programming industry. 3
Film Exhibition
Established leadership in Cinemas § 400+ screens as of date : 186 screens in India; . 200+ screen in US, 36 screens in Malaysia & 6 screens in Mauritius § Adlabs Cinemas contribution to Box office of large films § India : 10% to 14% § US : 25 to 40% § Adlabs is India’s first cinema chain to show both 3 D & 6 D format; premiered 3 D Hollywood blockbuster Journey to the centre of the Earth in BIG Digital 3 D for the first time at Adlabs cinemas, Vashi, Navi Mumbai § In line with the Reliance ADA Group’s philosophy for a single monolithic consumer entertainment brand “BIG”, all Adlabs cinemas will be re-branded BIG cinemas from October 28, 2008 § Adlabs Cinemas will be recipient of ‘International Exhibitor of the Year 2008’ by Cine. Asia 2008 at Macau in December 2008 5
In addition to the metros. focus is on Tier 2/3 cities § Taking existing cinema destinations, remodeling them and transforming customer experience through contemporary ambience complemented with service § Projection, sound & experience standards are consistent all across the country § Over 35 projects completed § Has seen over 100% increase in occupancy, ticket prices, footfalls along with more efficient programming 6
The change Adlabs brings Moreshwar, Pen (Maharashtra) Priya, Tenali (Andhra Pradesh) 7
The change Adlabs brings Natraj, Kota ( Rajasthan) Gemini, Warangal (Andhra Pradesh) 8
Adlabs international exhibition portfolio § World-wide clusters of South Asians (Persons of Indian Origin), with strong affinity to Indian entertainment offers an opportunity to Adlabs § Over 200 screens in US, coast to coast § Over 51 screens in Malaysia § 6 screen in Mauritius and signed up an upcoming mall § Will soon be the only multiplex present in Kathmandu, Nepal 9
Worldwide presence of Persons of Indian Origin (PIO) is an opportunity > 1. 5 million United States, Malaysia, Saudi Arabia, United Kingdom, Myanmar 1. 5 to 0. 5 million South Africa, United Arab Emirates, Canada, Mauritius, Trinidad & Tobago Less than 500, 000 Spain, Greece, Kenya, Uganda, Kuwait, Seychelles, Fiji, Singapore, Guyana, Australia * PIO: People of Indian Origin 10
Adlabs has a footprint in the markets of US and Malaysia High United States Malaysia United Kingdom Myanmar (Burma) South Africa PIO Presence Canada Kenya Greece Guyana Spain Low High Medium Low Movie Theatre Penetration 11
Content : Production & Distribution
Film Production and Distribution § Co-produced “Singh is Kinng” with Vipul Shah, which has been declared a huge success § Successfully distributed BIG Pictures’ Rock On across in India and Overseas § Other features presented include : Love Story 2050 ; Punjabi Film “Mera Pind” in India in select territories and Overseas and 1920 13
Television Content
Synergy Adlabs is a key content player § Produces original format, studio based, interactive and fiction shows (a leader in non fiction) § Licensee in international formats: (Who Wants to be a Millionaire, Dancing with the Stars, America’s got Talent and Are you smarter than a fifth grader) § Fiction, Regional content, Talent Hunt and Lifestyle programming will be the additional drivers for the immediate future along with our established share of new big ticket non fiction channel drivers § Over 15 shows lined up across 8 channels with approx. 800 Hrs of programming in FY 09/10. 15
Film Services
Film to any device : Building presence across the value chain TV/ DTH/ IPTV Mobile Adlabs has built competencies in handling film : being leveraged to cover a range of services 17
Lab and Digital Intermediate Processing Lab § Largest facility in India with 150 clients and 73% share of the Hindi film market § Presence in Mumbai, Chennai and Kolkotta § Mumbai has won 8 national awards including last 3 awards in a row § Certified by Kodak Image Care 4 years in a row DI Lab § DI facility is the first 4 K facility with real time grading facilities § Integrated offerings to clients include Telecine, Digital Optics, Promo packaging, Complete DI & deliverables (Conversion, Scanning, HD Recording & Sub titling) § 1 st in Asia : Adlabs facility comprising Lab, DI Lab and digital cinema mastering facility accredited by Federation Against Copyright Theft (FACT), UK 18
Mechanical effects : Studios and equipment Studios § Over 200, 000 sq ft with 6 sound stages being developed at Film City in Mumbai § International firm of architects from LA engaged to build the facility § Will support a mix of film and TV content and will be operational by December 2009 Equipment Rentals & Services : Lights, Cameras, Grips § Presence in TV broadcasting over the last 1 year as a premium service provider § Shows include Dus ka Dum, ET Corporate Awards, Jhalak Dikhla Ja & Nach Baliye 4 § Charge a premium compared to others due to value add in terms of technical solutions § Expanding the operations to cover film cameras as an integrated service offering 19
Lowry Digital is a key international front-end in Hollywood § Highly regarded 100 member independent image processing operation in Los Angeles § Clients include top Hollywood filmmakers, TV producers, video archive owners and top studios : Disney, 20 th Century Fox, Paramount and MGM § Algorithm driven facility; Provided image enhancement/ restoration services to over 270 titles § Work includes Casablanca, Singing in the Rain, Sunset Boulevard, Indiana Jones trilogy, Star Wars trilogy, James Bond films and numerous Disney classics like Cinderella, Bambi, and 101 Dalmatians § Recently work includes : § § § Sleeping Beauty (recently premiered in Hollywood in a Digital Cinema presentation and will introduce as the first Blu-Ray animated classic DVD in Oct); Journey to the Center of the Earth 3 D (first full-length, live action feature shot in digital 3 D) Completed the acclaimed Kurosawa film “Rashomon” with participation from the Film Foundation and the Academy Film Archive and “The Robe” for the Film Foundation and 20 th Century Fox in early October 20
Digital Cinema mastering and projection § Adlabs operates the 1 st and only DCI grade digital cinema operation in India § Mastering facility at Filmcity fully operational § 10000 show milestone achieved § Successfully transmitted and played several shows on the back of Reliance Communications’ fiber optic network with over 2000 shows : A 1 st in the world § Preferred service provider for all digital mastering in 2 K § Over 30 Hindi Films done § International work includes trailors for Warner Brothers “Chandni Chowk to China” & Sony’s Jamews Bond release “Quantum of solace” 21
FM Radio
BIG 92. 7 FM is India’s No 1 operator with 44 operational stations § FM Radio Industry has seen 25 % growth over the previous year § BIG 92. 7 FM is No. 1 station with highest share in MUMBAI & BANGALORE (12+, All) (Source : RAM) § No. 1 station among affluent young adults (20 -34, AB) in KOLKATA (Source : RAM) § No. 1 station in Surat, Chandigarh & Guwahati ( Source : Indica Research) § Won the Lintas Media Group award § § HIGHEST AUDIENCE GROWTH IN ONE YEAR for any media brand Comprehensive solutions to clients covering on-air, on-ground events and activations and digital web and mobile solutions 23
Recent TRAI Recommendations for Phase III are positive § Need for Augmentation of Private FM Broadcasting § The geographical basis for bidding may be changed from City to District § Additional channels in the same city to existing players § § At least three players excluding AIR in any district Maximum number of channels to a radio operator not more than 50% of total channels in the district § News and Current affairs on FM Radio may be permitted § FDI / FII limit from present 20% to § 26% for news radio channels and § 49% for non-news radio channels § Networking of FM radio programs across the radio network § Auto Renewal of the radio license 24
Adlabs proposes to demerge the FM Radio business § The Board of Directors at its meeting held on October 25, 2008 has approved a scheme of arrangement envisaging the demerger of the radio business into Reliance Unicom Limited § This scheme is subject to requisite permissions and approvals § Pursuant to the scheme, 1 equity share of Reliance Unicom Limited shall be issued in respect of every one equity share held by the shareholders in Adlabs Films Limited § The entire process is expected to take 4 to 6 months 25
Never a dull moment ! Please contact : Anil Arjun, CEO, email: anil. arjun@relianceada. com Mobile : +91 93 8100 2381 V. Devarajan, CFO, email: venkat. devarajan@adlabsfilms. com Mobile: +91 93 2008 6278
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