Key Figures and ratios

Glossary and APM's

Number of complexes (1)(2)

Belgium

France

Canada

Spain

Netherlands Luxembourg

other
(Switzerland & Poland)

Total

2018

11

12

45

8

17 3

2

98

Visitors (millions) (3)

Belgium

France

Canada(4)

Spain

Netherlands Luxembourg

Switzerland

Total

2017 8.4 7.1 1.1 4.4 3.2 1.0 0.1 25.3
2018 8.0 6.6 11.6 4.3 4.1 0.9 0.1 35.6

2018 vs 2017

-5.2%

-6.8%

 

-2.1%

28.2% -11.9%

-14.0%

40.7%

Consolidated income statement (in ’000 €)

2014 2015 2016 2017 2018

Revenue

262,619 301,571 324,938 355,427 475,880

EBITDA

71,303 88,739 91,650 103,186 117,187

Adjusted EBITDA

74,264 90,958 94,574 104,292 118,999

Gross profit

81,843 99,578 100,209 113,395 130,229

Operating profit

50,665 65,245 63,207 72,915 79,130

Financial result

-4,295 -7,754 -7,619 -8,213 -12,371

Profit before tax

46,370 57,491 55,588 64,702 66,759

Profit

35,167 32,255 47,646 49,067 47,409

Adjusted profit

35,589 43,207 40,413 44,745 47,522

Annual growth rates

2014 2015 2016 2017 2018

Revenue

6.8 % 14.8 % 7.7 % 9.4 % 33.9 %

EBITDA

-4.9 % 24.5 % 3.3 % 12.6 % 13.6 %

Adjusted EBITDA

-0.5 % 22.5 % 4.0 % 10.3 % 14.1 %

Gross profit

-0.3 % 21.7 % 0.6 % 13.2 % 14.8 %

Operating profit

-8.0 % 28.8 % -3.1 % 15.4 % 8.5 %

Profit

-6.3 % -8.3 % 47.7 % 3.0 % -3.4 %

Adjusted profit

-4.8 % 21.4 % -6.5 % 10.7 % 6.2 %

Consolidated Balance Sheet (in '000 €)

2014 2015 2016 2017 2018

Non-current assets

302,068 392,075 424,122 514,518 558,150

Current assets

44,996 98,624 79,324 206,437 122,704

TOTAL ASSETS

347,064 490,699 503,446 720,955 680,854

Equity

104,732 123,033 149,898 176,394 177,617

Provisions and deferred tax liabilities

18,352 27,029 25,531 35,849 35,640

Non-current loans and borrowings

91,471 214,000 207,278 342,106 272,677

Current loans and borrowings

44,095 8,714 6,996 39,873 69,790

Trade and other payables

79,651 97,090 100,160 116,466 117,516

Other

8,763 20,833 13,582 10,267 7,614

TOTAL EQUITY AND LIABILITIES

347,064 490,699 503,446 720,955 680,854

(1) Including Cinema City Poznan (Poland), operated by Cineworld.
(2) Number of complexes at the date of publication of the annual report
(3) Excluding Cinema City Poznan (Poland)
(4) Canada only counted for 3 weeks in 2017

Data per share (5) 2014 2015 2016 2017 2018
Revenue 9.99 11.26 11.94 13.05 17.67
EBITDA 2.71 3.31 3.37 3.79 4.35
Adjusted EBITDA 2.82 3.40 3.48 3.83 4.42
Profit 1.34 1.20 1.75 1.80 1.76
Adjusted profit 1.35 1.61 1.48 1.64 1.76
Equity share of the Group 3.89 4.59 5.51 6.48 6.59
Gross Dividend (6)(7) 0.85 0.79 0.87 0.90 0.92
Pay-out ratio 50 % 50 % 50 % 50 % 52 %

Profitability ratios

2014 2015 2016 2017 2018

EBITDA / Revenue

27.2 % 29.4 % 28.2 % 29.0 % 24.6 %
Adjusted EBITDA / Revenue 28.3 % 30.2 % 29.1 % 29.3 % 25.0 %

Gross profit / Revenue

31.2 % 33.0 % 30.8 % 31.9 % 27.4 %

Operating profit / Revenue

19.3 % 21.6 % 19.5 % 20.5 % 16.6 %

Profit / Revenue

13.4 % 10.7 % 14.7 % 13.8 % 10.0 %

Financial structure ratios

2014 2015 2016 2017 2018

Net financial debt

118,645 162,008 169,751 224,310 276,818

Net financial debt / EBITDA

1.66 1.83 1.85 2.17 2.36
Net financial debt / Adjusted EBITDA 1.60 1.78 1.79 2.15 2.33

Net financial debt / Equity

1.13 1.32 1.13 1.27 1.56

Equity / Balance sheet total

30.2 % 25.1 % 29.8 % 24.5 % 26.1 %

Current Ratio

0.36 0.85 0.71 1.30 0.67

ROCE

20.9 % 21.5 % 17.9 % 17.3 % 16.3 %

(5) Calculation based on the weighted average number of shares for the relevant period.
(6) Calculation based on the number of dividend eligible shares.
(7) An additional exceptional dividend of € 0.20 per share was paid out for the fiscal year 2014.

Contact

Kinepolis Group NV
Schelde 1
Moutstraat 132-146
B-9000 Gent

+32 9 241 00 00