MM2 ASIA LTD.
ANNUAL REPORT 2023
CO N T E N T & M E D I A
FOR ASIA
CONTENTS
STRATEGIC REPORT | CORPORATE GOVERNANCE | ||
Corporate Profile | 01 | REPORT | |
Financial Highlights | 02 | Corporate Governance Report | 21 |
Our Business | 04 | ||
Corporate Milestones | 06 | FINANCIAL REPORT | |
Financial & Operations Review | 07 | ||
Order Book | 12 | Financial Statements | 51 |
Group Structure | 13 | ||
Chairman's Statement | 14 | Statistics of Shareholdings | 161 |
CEO's Statement | 15 | Notice of Annual General Meeting | 163 |
Board Of Directors | 16 | Proxy Form | |
Our Team | 18 | ||
Corporate Information | 20 |
CORPORATE PROFILE
Headquartered in Singapore, mm2 Asia Ltd. ("mm2 Asia", or together with its subsidiaries, the "Group") champions "Content and Media for Asia", with integrated businesses across the content, entertainment, cinema, event and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China and the United States of America. Since our listing on the Catalist Board of SGX-ST in December 2014, and the successful transfer to the Mainboard of SGX-ST in August 2017, mm2 Asia has strengthened its competitive advantage through its acquisitions of a majority stake in an award winning virtual reality, visual effects and computer-generated imagery studio, Vividthree Holdings Ltd. (SGX Stock Code: OMK), and an event production and concert promotion company, UnUsUaL Limited (SGX Stock Code: 1D1). With the establishment of mmCineplexes and the acquisition of Cathay Cineplexes Pte. Ltd., mm2 Asia is currently one of the key cinema operators in Malaysia and Singapore.
THE GROUP'S PRIMARY BUSINESS ACTIVITIES:
Core | Digital and Live | |||||||||||||||||||||
Business | Production Business | |||||||||||||||||||||
Cinema | Concert and |
Business | Event Business |
ANNUAL REPORT 2023
MM2 ASIA LTD.
01
FINANCIAL HIGHLIGHTS
010101001011111 1101010110
10101010100
0101000
11011101010110010111 1 1111001
101011010100101100
0101011 11010101101 1 1 10
010101101010011010101101
0101010010101010101010010111010101101111 10
182.0
REVENUE
($ million)
010101001011111 1101010110
10101010100
0101000
11011101010110010111 1 111100
101011010100101100
0101011 11010101101 1 1 10
010101101010011010101101 01
010101001010101010101001101101101011110111011 11 1 1 1 010
50.9
GROSS PROFIT
($ million)
010101001011111 1101010110
10101010100
0101000
11011101010110010111 1 1111001
1010110101001 101100
0101011101010110
010101101010011010101101 01
0101010010101010101010010111010101101111 1 11 1 1 1 010
35.010
EBITDA(3)
($ million)
FY23
FY22
FY21
FY23
FY22
FY21
FY23
FY22
FY21
182.0
113.0
75.2
50.9
17.8
6.0
35.0
26.5
16.1
Note: Amounts presented in Financial Highlights are the combination of continuing operations(1) and discontinued operations(2)
- Continuing operations comprised of Core Business, Digital & Live Production, Concert & Event and Other segments
- Discontinued operations comprised of Cinema Business
- EBITDA defines as earnings before interest, tax, depreciation, amortisation, impairment and fair value losses/gains. The EBITDA presented after excluding the gain on deconsolidation of a subsidiary (mm Connect Group) of $31.8 million for FY2023.
02
MM2 ASIA LTD.
ANNUAL REPORT 2023
FINANCIAL HIGHLIGHTS
REVENUE BREAKDOWN BY GEOGRAPHICAL LOCATION(4)
($ million)
1.0% | 8.3% | 1.3% | 1.7% |
16.4% | 13.0% | ||
41.2% | 27.5% | 40.9% | |
41.5% |
FY23 | FY22 | FY21 | ||||||
22.5% | ||||||||
29.5% | ||||||||
8.2% | 10.7% | 12.9% | 9.1% | 4.7% | 9.6% | |||
Singapore | Malaysia | Hong Kong | Taiwan | China | Others | |||
REVENUE BREAKDOWN BY BUSINESS SEGMENTS(4) | ||||||||
($ million) | ||||||||
FY23 | FY22 | FY21 | ||||||
182.0 | 113.0 | 75.2 |
4.1 | 4.4 | 3.7 | |||||||||||||||||||||||||||||||||||||
29.0 | 3.6 | 1.3 | |||||||||||||||||||||||||||||||||||||
47.7 | 29.4 | 15.7 | |||||||||||||||||||||||||||||||||||||
2.5 | 2.8 | 2.0 | |||||||||||||||||||||||||||||||||||||
98.7 | 72.8 | 52.5 | |||||||||||||||||||||||||||||||||||||
Core Business | Digital and Live | Cinema Business | Concert & | Other | |||||||||||||||||||||||||||||||||||
Production Business | Event Business | Segments |
- Revenue after segments elimination
ANNUAL REPORT 2023
MM2 ASIA LTD.
03
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
MM2 Asia Ltd. published this content on 16 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2023 12:02:07 UTC.