Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q4 FY23 Earnings Presentation
29 slides from Jagran Prakashan's earnings presentation, May 30, 2023
Slide 1: Cover letter to stock exchanges
May 30, 2023 To, Manager–CRD, Scrip Code: 532705 BSE Ltd., ISIN No.: INE199G01027 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Listing Manager, Symbol: JAGRAN National Stock Exchange of India Ltd., ISIN No.: INE199G01027 ‘Exchange Plaza’, Bandra Kurla Complex, Dalal Street, Bandra (E), Mum
Slide 2: Jagran Prakashan Limited Q4FY23 Result Presentation
Jagran Prakashan Limited Q4FY23 Result Q1FY17Presentation Result Presentation 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jagran Prakashan Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Comment from Chairman and Managing Director
Comment from Chairman and Managing Director “The financial year began with worsening geo-political conditions causing uncertainties and disruption in supply chain but India successfully managed to contain its impact on economy by controlling inflation and ensuring supplies to its citizens with minim
Slide 5: Group Key Highlights
Group Key Highlights Growth Trajectory Strategic Integration of Achieved Highest Ever Revenue growth Continues Radio, Digital & Non- Yearly Profit continues FCT drives growth • Cover price hikes across • Improved Ranking to 8th all brands continues on • Continue to increase position from 10th in • D
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +8% +11% -3% +55% CONSOLIDATED 459 378 85 82 98 425 340 63 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23* OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +7% +12% -11% +38%
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 29.4% 23.9% +5% -15% 280 294 83 70 Leadership position remains intact Circulation revenue at ~90% of pre- COVID levels Q4FY22 Q4FY23 Q4FY22 Q4FY23 PROFIT BEFORE TAX Continues Strong growth in Net +35% realization per copy on YoY
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +7% +3% 255 90 92 238 Print performance was satisfactory despite challenging environment Q4FY22 Q4FY23 Q4FY22 Q4FY23 OPERATING PROFIT PROFIT BEFORE TAX 25.5% 21.2% +37% High Newsprint prices -13% continued to impact operating 86 104
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES Enhanced liquidity 2nd Highest client count +12% +4% position at Rs. 288 share in the Industry with 38% in Q4FY23 46 51 44 46 Crores as on 31st March 2023 38% of the total clients Rise in Volume Share Q4FY22 Q4FY23 Q4FY22 Q4FY23 on the
Slide 11: Group Digital Business Performance
Group Digital Business Performance OPERATING REVENUE OPERATING PROFIT JNM in the Print and Radio Digital News/Information category +20% reached out to ~84 Mn Revenue grew by 10% and 91% 22 2.0 respectively on YoY basis Total Unique Visitors 18 Group digital Business^ JNM consolidated its video reven
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT +29% Outdoor business reported operating -14% 38 3.2 revenue of Rs. 100 crores for FY23 which is a growth of 47% 2.8 29 Event business reported operating revenue growth of 41% for Q4 and 100% for full year as compared to prev
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +46% +4% 14 2.8 3.0 Reports profits in challenging 10 environment Q4FY22 Q4FY23 Q4FY22 Q4FY23 Registered Strong Ad Revenue growth of 46% on a YoY basis OPERATING PROFIT PROFIT BEFORE TAX 0.9 0.3 All Midday brands could improve th
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +5% +4% 29 30 12 13 Per copy realization increase continues across all brands on YoY basis during the year Q4FY22 Q4FY23 Q4FY22 Q4FY23 OPERATING PROFIT PROFIT BEFORE TAX 5.6 4.2 Operating Profit impacted due to high n
Slide 15: Financial Performance
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Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 415 107 105^ 302 226 101 102 102 FY18 FY19 FY20 FY23 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21 FY23 Distribution of ~ Rs. 450 crores as Distribution of ~ Rs. 1,200 crores Distribution of ~ Rs
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q4Y23 Q3FY23 Q4FY22 FY23 FY22 Operating Revenue* 17.57 17.57 13.09 67.63 49.26 Advertisement 13.98 13.75 9.59 53.09 34.50 Circulation 2.96 3.11 2.84 11.92 11.32 Other Operating Income 0.63 0.71 0.66 2.62 3.44 Expenses 16.64 16.65 15.41 66.85 58.
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q3FY23 Q2FY23 Q3FY22 FY23 FY22 Operating Revenue 51.41 54.67 46.02 198.86 168.43 Expenses 45.99 45.34 44.13 175.79 157.40 Operating Profit 5.42 9.33 1.89 23.07 11.03 Operating Profit Margin 10.54% 17.07% 4.10% 11.60% -8.80% Other Income 5.17 5.21 4.2
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q4FY23 Q3FY23 Q4FY22 FY23 FY22 Dainik Jagran* Operating Revenue 293.79 314.52 280.20 1192.44 1078.40 Operating Profit 70.09 65.71 82.51 277.19 323.48 Operating Margin 23.86% 20.89% 29.45% 23.25% 30.00% Other Publications* Operating Revenue 61.19 63.
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Operating Revenues 459.39 424.59 8% 488.16 -6% 1,856.18 1,615.95 15% Advertisement Revenue * 321.30 298.10 346.50 1,290.40 1,138.55 Circulation Revenue 92.38 89.76 94.80 373.22 351.64 Other Operat
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Crs) Mar-23 Mar-22 EQUITY AND LIABILITIES (Rs. In Crs) Mar-23 Mar-22 Non-current assets Equity Property, plant and equipment 347.42 382.05 Equity share capital 43.53 52.73 Right-of-use assets 91.85 84.40 Other equity 1,703.77 2,084.69 Capital work-in-progres
Slide 22: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Crs) FY23 FY22 Profit before income tax 253.19 282.21 Adjustments for: 99.92 115.87 Cash flow before Working Capital changes 353.11 398.08 Change in operating assets and liabilities -15.12 22.35 Cash generated from operations 337.99 420.43 Income
Slide 23: Group Introduction
Group Introduction Group Introduction
Slide 24: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print RIGHT mix of stability Undisputed LEADER: Strong GROWTH FASTEST growing and scalability: ✓ Dainik Jagran leads the IRS 2019 Potential: media: ✓ All businesses performed strongly Q4 rankings with a total despite high inflation, rise in readership
Slide 25: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% of Music Broadcast Limited Activation OOH (RadioCity) 24
Slide 26: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 Jagran News / Information 10 Category in Digital Media Publications 19 Digital Media Portals 5 Business Verticals L
Slide 27: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 26
Slide 28: Awards & Certifications
Awards & Certifications Radio City Team won • India Audio Summit & Awards 2023 2 Awards Dainik Jagran Inext • WAN IFRA Digital Media Awards Recognizing Group’s leadership Team won 2 Award position in different fields of operations, various distinguished Jagran New Media • WAN IFRA Digital Media Awar
Slide 29: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya amitjaiswal@jagran.com Contact: +91 9920602034, Email: jigar.kavaiya@sgapl.net www.jplcorp.in www.sgapl.net