Illucity and CinemaNext VR - Ymagis · 2018. 11. 23. · with cinemas: group experiences, amplified...

34
Investors’ Day- November 2018 Presentation of Ymagis Group’s new virtual reality solutions Illucity and CinemaNext VR

Transcript of Illucity and CinemaNext VR - Ymagis · 2018. 11. 23. · with cinemas: group experiences, amplified...

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I n v e s t o r s ’ D a y - N o v e m b e r 2 0 1 8

P r e s e n t a t i o n o f Y m a g i s G r o u p ’s n e w v i r t u a l r e a l i t y s o l u t i o n s

Illucity and CinemaNext VR

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Y M AG I S : A K E Y P L AY E R I N T H E D I G I TAL T R AN S F O R M AT I O N O F T H E E N T E R TAI N M E N T I N D U S T RY

D i g i t a l t r a n s i t i o n o f c i n e m a s

D i s t r i b u t i o n & s e r v i c e s a c t i v i t i e s

N e w d i g i t a l l e i s u r e a c t i v i t i e s

D i s t r i b u t i o n p l a t f o r m s

V P F, a n i n n o v a t i v e f i n a n c i a l s o l u t i o n

V i r t u a l r e a l i t yc e n t r e s

e S p o r t

A b u i l d - u p s t r a t e g y t o c r e a t e t w o

E u r o p e a n s e r v i c e s l e a d e r s

D i g i t a l r a t i o n a l i s a t i o n & t r a n s f o r m a t i o n :

s e r v i c e s t o p l a t f o r m s

F i r s t p l a y e r

B to B to C

E u r o p e a n l e a d e r

B t o B B t o C

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WHY VIRTUAL REALITY?

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AN I N C R E AS I N G LY M AR K E D AC C E L E R AT I O N

1895First cinema film

1926First television broadcast

1970First VR headset

1989Creation of the Internet

2007iPhone: the smartphone revolution

2012Creation of Oculusand launch of the Rift headset

2014Acquisition of Oculus by Facebook

2015

- VR installationsin amusement parks- Creation of the Void- First VR cinema in Amsterdam - Google Cardboard

2016- Beginnings of HTC Vive - Launch of the Sony Playstation VR- Launch of STARVR- The Void launches a first experience in New York City with Sony - mk2 opens a VR space in Paris

2017

- Playstation VR exceeds 1 million units- Samsung Gear leader with 4.5 million headsets sold- The Void opens 3 new sites - IMAX VR opens in Los Angeles

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A c o m p l e t e t e c h n i c a l e c o s y s t e m a l r e a d y i n p l a c e

M u l t i p l e a c c e s s o r i e s f o r b e t t e r i n t e r a c t i v i t y

Tw o c h a l l e n g e s : t h e q u a l i t y o f t h e L C D / O L E D s c r e e n s a n d t h e p r o c e s s i n g p o w e r, a n d p r i c e s w h i c h r e m a i n h i g h f o r t h e g e n e r a l p u b l i c

A M AS T E R E D T E C H N O L O G I C AL E N V I R O N M E N T

M o b i l i t y i n s p a c e , 3 6 0 °v i s i o n , p e r c e p t i o n o f

3 D - s t e r e o s c o p y

P r o c e s s i n g p o w e rI n t e r a c t i v i t y ,

s p e c i a l e f f e c t s

Ac c e s s o r i e s

H e a d s e t s

“ H a p t i c ” e f f e c t sV i b r a t i n g f l o o r s

F a n sH o t / c o l d

V i b r a t i n g j a c k e t sV i b r a t i n g g l o v e s

C a m e r a s

T r a c k i n g i n s p a c e

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A P E R F E C T I M M E R S I V E I L L U S I O N

3 D c i n e m a : < 4 5 °

2 0 1 6 – O c u l u s R i f t 1 1 0 ° , H T C V i v e : 1 1 0 ° , S a m s u n g G e a r : 1 0 0 °

E n d 2 0 1 8 – S t a r V R : 2 1 0 ° , P i m a x : 2 0 0 °

H u m a n e y e : 2 2 0 °

Push back the l imits of cinema and provide a point of v iew that is close to real i ty

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> C l o s e t o 8 , 0 0 0 V R r o o m s a r o u n d t h e w o r l d ( s o u r c e : I H S )

> O v e r 1 0 0 V R v e n u e s i n F r a n c e ( s o u r c e : Y m a g i s )

> 2 . 3 b i l l i o n g a m e r s w o r l d w i d e ( s o u r c e : S t a t i s t a )

> B u t f e w e r t h a n 3 0 m i l l i o n V R h e a d s e t s i n h o u s e h o l d s w o r l d w i d e a t t h e e n d o f 2 0 1 7 ( s o u r c e : I H S ) . V R i s n o t y e t a d o m e s t i c m a r k e t a n d i s m a i n l y c o n s u m e d o u t s i d e t h e h o m e .

A G L O B AL P H E N O M E N O N

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I N W H I C H C I N E M A E X H I B I T O R S W O R L D W I D E AR E I N V E S T I N G

A M C : l e a d i n g A m e r i c a n c i n e m a c h a i n

C I N E P L E X : l e a d i n g C a n a d i a n c i n e m a c h a i n

C I N E P O L I S : l e a d i n g M e x i c a n c i n e m a c h a i n

C G V : l e a d i n g K o r e a n c i n e m a c h a i n

D i s n e y : i n v e s t m e n t i n T h e V o i d

m k 2 : F r e n c h e x h i b i t o r

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A N AT U R A L G R O W T H R E L AY F O R T H E F I L M I N D U S T RY

> V R g o e s b e y o n d d o m e s t i c u s e . C o m m o n p o i n t s w i t h c i n e m a s : g r o u p e x p e r i e n c e s , a m p l i f i e d s e n s a t i o n s . C o n t e n t w h i c h i s i m p o s s i b l e t o g e t a t h o m e

> V R h a s i t s o r i g i n s i n f i l m b u t p r o m i s e s t o g o m u c h f u r t h e r

> A n e x p e r i e n c e h a l f w a y b e t w e e n c i n e m a a n d v i d e o g a m e s : a t t h e c r o s s r o a d s o f s e v e r a l t y p e s o f e x p e r i e n c e

> To o l s t h a t a r e m a s t e r e d a n d p r o g r e s s i n g q u i c k l y : w e a r e s t i l l o n l y i n t h e e x p e r i m e n t a t i o n p h a s e

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THE MARKET

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V R : A C O N S U M E R P R O D U C T O N T H E R I S E

V R : a r e c e n t t e c h n o l o g y t h a t i s s t i l l i n i t s i n i t i a l a d o p t i o n p h a s e

A r a n g e o f e q u i p m e n t w h i c h i s g r o w i n g , b u t n o t q u i c k l y e n o u g h t o e n a b l e t h e p u b l i c t o b e n e f i t

I n t h e s e c i r c u m s t a n c e s , t h e “ o u t o f h o m e ” p r o d u c t i s t h e r e f e r e n c e p r o d u c t i n t h e s h o r t a n d m e d i u m t e r m

F o r e c a s t f o r t h e i n s t a l l e d c o n s u m e r V R h e a d s e t b a s e ( i n m i l l i o n s o f u n i t s )

S o u r c e : I H S

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A S T E AD I LY G R O W I N G L E I S U R E M AR K E T W I T H P R O M I S I N G T R E N D S

2 , 4 2 9

3 , 0 6 8

3 , 5 7 93 , 9 5 0

F r e n c h m a r k e t f o r r e c r e a t i o n a l a c t i v i t i e s ( i n m i l l i o n s o f E u r o s )

2005 2010 2015 2017

S o u r c e : X e r f i , e x c l u d i n g c i n e m a a n d s p o r t s a c t i v i t i e s

T h e p u b l i c g o e s o u t t o h a v e f u n

T h e y e n j o y g r o u p e n t e r t a i n m e n t

T h e y s e e k n o v e l t y

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H U G E P O T E N T I AL F O R L B E V R I N E U R O P E AN D W O R L D W I D E

L B E V R : L o c a t i o n - b a s e d e n t e r t a i n m e n t V R

E n t e r t a i n m e n t c e n t r e s o r v e n u e s u s i n g V R a s m e a n s o f e n t e r t a i n m e n t

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T W O E X AM P L E S O F L B E C O N C E P T S ( N O N - V R )T H AT H AV E E N J O Y E D V E RY S T R O N G G R O W T H

L a s e r Ta g s

( 1 ) S o u r c e : X e r f i

E s c a p e R o o m s

V R w i l l r e p l a c e a n d r e n e w t h e s e a c t i v i t i e s

> A p p e a r a n c e i n 1 9 9 9 i n t h e U n i t e d S t a t e s

> 3 0 0 + f a c i l i t i e s i n F r a n c e

> T u r n o v e r i n F r a n c e o f 8 0 - 1 5 0 m i l l i o n E u r o s p e r y e a r

> A p p e a r a n c e i n 2 0 0 7 i n J a p a n

> 5 8 5 s i t e s i n F r a n c e w i t h 1 , 5 0 0 + r o o m s

> E s t i m a t e d t u r n o v e r o f 9 5 m i l l i o n E u r o si n F r a n c e i n 2 0 1 7 ( 1 )

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THE STRATEGY

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V R : O U R V I S I O N

A p r e m i u m m o d u l a r c o n c e p t w i t h s t a n d a r d i s e d s p a c e s u s i n g v i r t u a l r e a l i t y

1 . O n l y o f f e r e x p e r i e n c e s t h e p u b l i c c a n n o t g e t i n t h e i r o w n h o m e s

2 . A m o d u l a r c o n c e p t f o r a l l t y p e s o f v e n u e s ( c i n e m a s , s h o p p i n g c e n t r e s , e t c . )

3 . A w i d e r a n g e o f c o n t e n t f o r t h e w h o l e f a m i l y

4 . S p e c i a l i s a t i o n i n t o p - o f - t h e - r a n g e e x p e r i e n c e s

5 . S t a n d a r d i s e d s p a c e s t o o f f e r t h e p u b l i c a c o m p l e t e c a t a l o g u e o f d i v e r s e e x p e r i e n c e s

5 k e y d i r e c t i o n s :

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C R E AT I O N O F A V R S TAN D A R D

Modular approachCentres with

standardised spaces

Deployment by standard spaceEfficiency, speed,

optimisation

Network logic Multiply the number of

“standard” rooms

Renewal Quicker and better

content quality

Amortisation of the content

Partnership with producers

Power of the brand and the network

Profitability

D e p l o y m e n t o f s t a n d a r d i s e d s p a c e s t o :- b e t t e r a b s o r b t h e c o s t o f t h e

c o n t e n t a n d g i v e p r o d u c e r s g r e a t e r v i s i b i l i t y

- i n c r e a s e t h e n u m b e r o f “ o n d e m a n d ” e x p e r i e n c e s

- a l l o w f a s t , i n d u s t r i a l i s e d d e p l o y m e n t

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Y M AG I S I N T H E C O M P E T I T I V E V R L AN D S C A P E

Co

nte

nt

ow

ne

dS t a n d a r d i s a t i o n

I n d e p e n d e n to p e r a t o r s

Co

nte

nt

un

de

r li

ce

ns

e

Va r i e d s t r a t e g i c a p p r o a c h e s

An o r i g i n a l p o s i t i o n i n g f o r Y m a g i s : m u l t i - a c t i v i t y s p a c e s u s i n g s t a n d a r d i s e d f o r m a t s , e c o n o m i e s o f s c a l e f a c t o r s

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T W O TAR G E T S E G M E N T S F O R Y M AG I S

1. CinemaNext VR: arcades for cinema exhibitors

Diversify the clientele, increase traffic and win back the “millenials” target

Surface areas of 30 to 100 m2

Managed by the cinema, which will be able to optimise its human resources

Sale or hire of equipment and shared revenue

Own-brand or Illucity

2. Illucity: "micro-adventure parks" using VR

Develop a mixed exhibitor, co-exhibitor and franchise model

Centres covering 500 to 2,000 m2

Dedicated human resources (12-20 FTE per site)

Centres operated by Ymagis or in partnership with a cinema exhibitor or as a franchise

Illucity brand

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B E N E F I T S AN D I N T E R E S T F O R E X H I B I T O R S

> R e t u r n o f a y o u n g e r c l i e n t e l e , w h i c h g o e s t o t h e c i n e m a l e s s

> A d d s u p p l e m e n t a r y r e v e n u e w i t h a l o w m a r g i n a l c o s t ( p r e m i s e s a n d s t a f f )

> B e l e s s a f f e c t e d b y u n c e r t a i n t i e s o f f i l m p r o g r a m m i n g

> C a p i t a l i s e o n c u s t o m e r r e l a t i o n s : t r a i l e r s o n t h e b i g s c r e e n , s i m u l t a n e o u s c o m m u n i c a t i o n , e t c . T h e e x h i b i t o r i s b e s t - p l a c e d t o s p e a k t o t h e p u b l i c

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D E V E L O P M E N T L E V E R F O R Y M AG I S : P R O X I M I T Y W I T H C I N E M A E X H I B I T O R S

> P a r t n e r c i n e m a e x h i b i t o r s , w h o a r e i n a s t r o n g p o s i t i o n t o m a n a g e V R c e n t r e s o n a d a i l y b a s i s : t h e y h a v e s p a c e a n d c a n o p t i m i s e t h e i r h u m a n r e s o u r c e s

> R e c o g n i s e d e x p e r t i s e

> T h e a b i l i t y t o i d e n t i f y a t t r a c t i v e c o n t e n t

> Tr i e d a n d t e s t e d k n o w - h o w i n t h e d e s i g n a n d s a l e o f “ t u r n - k e y ” c o n c e p t s f o r c i n e m a e x h i b i t o r s

> T h e o n l y o r g a n i s e d g r o u p o f f e r i n g a n a p p r o a c h i n v o l v i n g t h e c r e a t i o n o f V R s p a c e s a n d c e n t r e s

> A n o p p o r t u n i t y f o r Y m a g i s t o p r o v i d e i t s e x h i b i t o r c u s t o m e r s w i t h a n a d d i t i o n a l s o u r c e o f r e v e n u e a n d p r o f i t : a d i f f e r e n t t y p e o f r e l a t i o n s h i p

Ymag is can p lay a key ro le thanks to i t s p rox imi ty to the c inema exh ib i t ion sec to r

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OFFER &BUSINESS MODEL

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VR ARENA

C I N E M AN E X T V R O F F E R : S I M P L E , E AS Y- T O -U S E S O L U T I O N S

2 - 4 25 m2

Players Surface area

ARCADE TERMINALS DYNAMIC SEATS

1 - 2 7m2

Players Surface area

1 7m2

Player Surface area

I n s t a l l a t i o n i n c i n e m a l o b b i e s o r s p a c e s a va i l a b l e o n -s i t e

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C I N E M AN E X T V R O F F E R : S TAN D A R D I S E D S PAC E S

3 d i f f e r e n t “ f r e e r o a m i n g ” c o n t e n t s

1 5 - 2 0 “ a r c a d e ” c o n t e n t s

2 “ r i d e ” c o n t e n t s

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C I N E M AN E X T V R B U S I N E S S M O D E L

A v e r y a t t r a c t i v e m o d e l f o r e x h i b i t o r s t h a t p r o v i d e s s o l i d p r o f i t a b i l i t y f o r Y m a g i s

> F o r a s p a c e c o v e r i n g a p p r o x i m a t e l y 5 0 m ² , a m o u n t o f i n v e s t m e n t f o r t h e e x h i b i t o r : € 8 0 k t o € 1 0 0 k ( w i t h p o s s i b i l i t y t o h i r e )

> R e v e n u e s h a r e m o d e l : Y m a g i s r e c e i v e s a p e r c e n t a g e o f t h e t i c k e t r e v e n u e , p a y s t h e r i g h t s -h o l d e r s , p a y s f o r s u p p o r t a n d g e n e r a t e s a m a r g i n

> H i g h m a r g i n s f o r t h e e x h i b i t o r , w h i c h o p t i m i s e s i t s r e s o u r c e s ( r e a l e s t a t e a n d h u m a n r e s o u r c e s )

> E s t i m a t e d n e t c o n t r i b u t i o n m a r g i n f o r Y m a g i s p e r s i t e b e t w e e n € 2 0 k a n d € 6 0 k p e r y e a r

2019 object ives: 100 si tes instal led

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FREE ROAMING

I L L U C I T Y O F F E R : T H E B E S T O F V R I N A S I N G L E S PAC E

2 - 6 100 m2

Players Surface area

ESCAPE GAME CINEMAARCADE & SIMULATORS

2 -4 30m2

Players Surface area

1+ 9-25m2

Players Surface area

1 4m2

Player Surface area

F o u r t yp e s o f c o n t e n t t o c o n s t i t u t e a s p a c e o f f e r i n g a w i d e c h o i c e : 2 0 d i f f e r e n t e x p e r i e n c e s a t t h e L a V i l l e t t e s i t e

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I L L U C I T Y O F F E R : S TAN D A R D I S E D S PAC E S

2 “ f r e e r o a m i n g ” c o n t e n t s

2 “ e s c a p e g a m e s ”

1 - 3 “ f r e e r o a m i n g ” c o n t e n t s

2 “ e s c a p e g a m e s ”

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T H E I L L U C I T Y B U S I N E S S M O D E L

S t a n d - a l o n e c e n t r e s

> R e n t b e t w e e n € 7 0 a n d € 4 0 0 / m 2

> R e v e n u e f r o m t i c k e t s a l e so A r c a d e o r c i n e m a t i c k e t : € 5 - € 1 2o F r e e r o a m i n g t i c k e t : € 1 5 - € 3 5o G a m e s p a c e t i c k e t : € 3 0

> C o n t e n t - r e l a t e d c o s t s : a p p r o x . 2 0 % o f t h e t u r n o v e r , a n d c o m m u n i c a t i o n c o s t s : € 8 0 k / y e a r p e r s i t e

> O p e r a t e d b y Y m a g i s , i n p a r t n e r s h i p o r a s a f r a n c h i s e

2019 object ives: 6-12 si tes instal led

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I L L U C I T Y C E N T R E I N D I C AT O R S

A r e t u r n o n i n v e s t m e n t i n l e s s t h a n t w o y e a r s

F o r a s p a c e c o ve r i n g 1 , 0 0 0 m ²

A m o u n t o f i n v e s t m e n t :a p p r o x . € 1 . 5 m i l l i o n

Turnover/centreOccupancy level Average spend

3 5 - 4 5 % € 2 0 a p p r o x . € 2 m i l l i o n

EBIT margin Payback in months

2 0 - 3 0 % 1 8 - 2 4

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OUR AMBITION

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Become an international player in the operation of virtual reality leisure centres

ParisFranceEuropeMiddle EastUnited StatesAsia

6 - 12 new sites in 201918 - 24 new sites in 202036 new sites per year thereafter

100 new sites in 2019200 new sites in 2020300 new sites per year thereafter

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O U R R O AD M A P

> P r o j e c t i n i t i a t e d i n J a n u a r y 2 0 1 8

> O p e n i n g o f t h e 1 s t “ p r o t o t y p e ” I l l u c i t y c e n t r e a t t h e e n d o f N o v e m b e r 2 0 1 8 a t P o r t e d e l a V i l l e t t e , P a r i s

> F i r s t C i n e m a N e x t V R i n s t a l l a t i o n s : D e c e m b e r 2 0 1 8

> U p c o m i n g I l l u c i t y o p e n i n g i n M a r s e i l l e , d i s c u s s i o n s u n d e r w a y i n N a n t e s , L i è g e ( B e l g i u m ) , B r e s t , P a r i s - B e r c y, N i c e , To u l o n , e t c .

> D i s c u s s i o n s u n d e r w a y w i t h s e v e r a l i n t e r n a t i o n a l c i n e m a e x h i b i t o r s ( M i d d l e E a s t , E u r o p e )

> F r a n c h i s e p r o g r a m m e i n p r e p a r a t i o n ( t a r g e t M a r c h 2 0 1 9 )

Become the European or even Number 1 wor ldwide in mul t i - format VR cent res

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F I N AN C I N G

> S t a r t - u p c o s t s ( a p p r o x i m a t e l y € 1 m i l l i o n ) : o w n f u n d s

> F i r s t I l l u c i t y s i t e s w i t h s i t e - b y - s i t e f i n a n c i n g

> T h e o p e r a t i n g p r o f i t a b i l i t y m u s t e n s u r e t h e d e v e l o p m e n t

> To a c c e l e r a t e d e v e l o p m e n t , o t h e r f u n d i n g o p p o r t u n i t i e s a r e c u r r e n t l y b e i n g s t u d i e d

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THANK YOU