Key Figures and ratios

Glossary and APM's

Number of complexes (2)(3)

Belgium

France

Canada

Spain

The Netherlands US Luxembourg

other
(Switzerland & Poland)

Total

2022

11

16

38

10

20 10 3

2

110

Visitors (millions)(4)

Belgium

France

Canada

Spain

The Netherlands US Luxembourg

Switzerland

Total

2021 3.21 3.22 3.60 2.52 1.96 2.20 0.42 0.06 17.18
2022 5.80 5.12 7.55 3.62 3.21 3.30 0.64 0.09 29.32

2022 vs 2021

80.7%

58.7%

110.0%

43.6%

63.8% 50.0% 53.4%

57.0%

70.7%

Consolidated income statement (in ’000 €)(1)

2018 2019 2020 2021 2022

Revenue

475,880 551,482 176,282 266,393 499,908

EBITDA

117,187 172,339 17,188 72,667 150,250

EBITDAL

  142,357 -13,981 38,510 113,975

Adjusted EBITDA

118,999 174,148 17,492 72,262 150,962

Adjusted EBITDAL

  144,166 -13,677 38,105 114,688

Gross result

130,229 157,596 -43,357 6,370 114,436

Operating result

79,130 101,037 -65,663 -6,545 67,980

Financial result

-12,371 -23,726 -26,052 -28,362 -30,286

Result before tax

66,759 77,311 -91,715 -34,907 37,694

Result

47,409 54,372 -69,111 -25,506 27,535

Adjusted result

47,522 56,003 -68,678 -24,926 28,649

Annual growth rates(1)

2018 2019 2020 2021 2022

Revenue

33.9% 15.9% -68.0% 51.1% 87.7%

EBITDA

13.6% 47.1% -90.0% 322.8% 106.8%

EBITDAL

    -109.8% 375.4% 196.0%

Adjusted EBITDA

14.1% 46.3% -90.0% 313.1% 108.9%

Adjusted EBITDAL

    -109.5% 378.6% 201.0%

Gross result

14.8% 21.0% -127.5% 114.7% 1,696.4%

Operating result

8.5% 27.7% -165.0% 90.0% 1,138.6%

Result

-3.4% 14.7% -227.1% 63.1% 208.0%

Adjusted result

6.2% 17.8% -222.6% 63.7% 21.9%

 

 

 

Consolidated Balance Sheet (in '000 €)(1)

2018 2019 2020 2021 2022

Non-current assets

558,150 1,149,043 1,097,121 1,079,631 1,046,197

Current assets

122,704 134,779 71,059 115,447 123,499

TOTAL ASSETS

680,854 1,283,822 1,168,180 1,195,078 1,169,496

Equity

177,617 211,253 126,496 120,649 157,628

Provisions and deferred tax liabilities

35,640 23,728 16,126 15,590 14,017

Non-current loans and borrowings

272,677 479,513 469,882 478,494 463,193
Non-current lease liabilities   383,052 358,317 354,271 335,375

Current loans and borrowings

69,790 10,099 76,599 71,557 28,378
Current lease liabilities   33,091 35,295 36,296 34,996

Trade and other payables

117,516 139,848 84,778 116,967 132,776

Others

7,614 3,238 687 1,254 3,133

TOTAL EQUITY AND LIABILITIES

680,854 1,283,822 1,168,180 1,195,078 1,169,496

(1) As of 1 January 2019 IFRS 16: Leases is applied.
(2) Including Cinema City Poznan (Poland), operated by Cineworld.
(3) Number of cinemas on publication date
(4) Excluding Cinema City Poznan (Poland)

Data per share (5) 2018 2019 2020 2021 2022
Revenue 17.67 20.52 6.56 9.90 18.54
EBITDA 4.35 6.41 0.64 2.70 5.57
EBITDAL   5.30 -0.52 1.43 4.23
Adjusted EBITDA 4.42 6.48 0.65 2.69 5.60
Adjusted EBITDAL   5.36 -0.51 1.42 4.25
Result 1.76 2.02 -2.56 -0.94 1.02
Adjusted result 1.76 2.08 -2.55 -0.92 1.06
Equity share of the Group 6.59 7.85 4.71 4.49 5.85
Gross Dividend (6) 0.92       0.26
Pay-out ratio 52 %       25%

Profitability ratios

2018 2019 2020 2021 2022

EBITDA / Revenue

24.6 % 31.3 % 9.8 % 27.3% 30.1%
EBITDAL/Revenue   25.8 % -7.9 % 14.5% 22.8%
Adjusted EBITDA / Revenue 25.0 % 31.6 % 9.9 % 27.1% 30.2%
Adjusted EBITDAL / Revenue   26.1 % -7.8 % 14.3% 22.9%

Gross result / Revenue

27.4 % 28.6 % -24.6 % 2.4% 22.9%

Operating result / Revenue

16.6 % 18.3 % -37.2 % -2.5% 13.6%

Result / Revenue

10.0 % 9.9 % -39.2 % -9.6% 5.5%

Financial structure ratios

2018 2019 2020 2021 2022

Net financial debt

276,818 833,093 906,892 865,032 793,887

Net financial debt / EBITDA

2.36 4.83 52.76 11.90 5.28
Net financial debt / Adjusted EBITDA 2.33 4.78 51.85 11.97 5.26

Net financial debt / Equity

1.56 3.94 7.17 7.17 5.04

Equity / Total equity and liabilities

26.1 % 16.5% 10.8 % 10.1% 13.5%

Current Ratio

0.67 0.75 0.37 0.52 0.63

ROCE

16.3 % 12.9 % -6.1 % -0.6% 6.9%

Financial structure ratios excl. lease liabilities

2018

2019

2020

2021 2022
Net financial debt   416,950 513,281 474,465 423,516
Net financial debt / EBITDAL   2.93 -36.71 12.32 3.72
Net financial debt / Adjusted EBITDAL   2.89 -37.53 12.45 3.69
Net financial debt / Equity   1.97 4.06 3.93 2.69
Equity / Total equity and liabilities   24.3 % 16.3 % 15.0% 19.7%
Current Ratio   0.92 0.46 0.63 0.77
ROCE excl. IFRS 16   16.2 % -10.1 % -1.9% 9.2%

(5) Calculated based on the weighted average number of shares for the relevant period.
(6) Calculated based on the number of shares eligible for dividend.

Contact

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

+32 9 241 00 00