Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q1 FY2021 Earnings Presentation
30 slides from Jagran Prakashan's earnings presentation, Jul 31, 2020
Slide 1: Cover letter to stock exchanges
T H E W O R LD 'S LA R G EST REA D DA ILY July 31, 2020 To, Manager-CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INEl 99G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN 'Exchange Plaza', Bandra Kurla Complex, ISIN No.
Slide 2: Jagran Prakashan Limited Q1FY21 Result Presentation
Jagran Prakashan Limited Q1FY21 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 “Local lockdown continues to unsettle the business activities. The uncertainties around the lockdown are hurting the consumer sentiment as well as the business community. In these trying times, no planning or visibility of normalcy is possible. Most hit is
Slide 5: Group Key Highlights
Group Key Highlights Impact of Lockdown on Gained Market share Digital Initiatives Keeping Losses to Ad-Revenue during Lockdown Minimum • Recorded lowest drop in • Unique user base grew • Consumer and • Cost Control helped Ad volumes compared to by 107% YoY to 108 discretionary spends minimize losse
Slide 6: Distribution to Shareholders
Distribution to Shareholders Dividend Paid Buyback Total Distribution to Shareholders 125 351 458 112 107 302 415 230 105 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 Distributed ~ Rs. 1,100 crores in form of Distributed ~ Rs. 345 crores as dividend Distributed ~ Rs. 758 crores through dividend and
Slide 7: Business Performance
Business Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 6
Slide 8: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE 353 109 In June, Ad revenue was ~35% and Circulation revenue was ~80% of 74 average pre-Covid levels 86 Q1FY20 Q1FY21 Q1FY20 Q1FY21 The Quarter saw a positive contribution from circulation and has helped in OPERATING PROFIT PROBIT B
Slide 9: Mid-Day Operating Performance
Mid-Day Operating Performance* ADVERTISMENT REVENUE CIRCULATION REVENUE 21 6 Mid-Day was most affected due its operations in Mumbai 1 2 During the lockdown Mid-Day continued to Q1FY20 Q1 FY21 Q1FY20 Q1FY21 reach its readers through the PDF format OPERATING PROFIT PROFIT BEFORE TAX 4 1 Digital subscr
Slide 10: Mid-Day: Industry First Initiatives
Mid-Day: Industry First Initiatives Getting news to its readers digitally via Mobile through distribution platforms like SMS, WhatsApp Emailers & Social Media apps The replica of news paper in PDF format, ensured minimum disruption and rapid reader adoption One of the first to launch PDF Newspapers
Slide 11: Mid-Day: Digital Innovations
Mid-Day: Digital Innovations Advertisements Editorials To experience Innovation To experience Innovation To experience Innovation To experience Innovation Click Here Click Here Click Here Click Here 10
Slide 12: Other Publications Operating Performance
Other Publications Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE 59 20 Despite lower revenues, I-next reported profit for the quarter primarily due to 9 cost savings and increase in cover price 14 in some locations Q1FY20 Q1 FY21 Q1FY20 Q1FY21 OPERATING PROFIT PROFIT BEFORE TAX Naid
Slide 13: Cost Savings have helped minimize losses
Cost Savings have helped minimize losses Cost of Raw Material Other Expense 195 -66% 181 -58% 180 176 171 166 160 162 158 158 143 123 68 60 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20* Q1FY21 • Reduced discretionary expenses such as promotion and public
Slide 14: MBL: Operating Performance
MBL: Operating Performance Market share gain of 2% in Q1FY21 and maintains leadership Closed Long Term Ad-Deals OPERATING REVENUE OPERATING PROFIT totaling to ~25% of last years in ad volumes at 21% amongst all Operator’s Main Frequency revenue 70 Outperformed the Industry Tactical Deals have contri
Slide 15: COVID-19 Lockdown Boosts Radio Consumption
COVID-19 Lockdown Boosts Radio Consumption.. Regular listeners (In Millions) 51 During COVID Lockdown Radio had a reach of 51 mn second only to TV with 56 mn 48 Pre COVID Lockdown Average daily duration in HH:MM 2:36 During lockdown Radio listener spent avg. of 02:36 (HH:MM) on 2:07 radio listening
Slide 16: Outdoor and Events Business Performance
Outdoor and Events Business Performance Performance affected by the lockdown as OPERATING REVENUE OPERATING PROFIT business is dependent on movement of general public 35 3 Negotiated waiver of fixed rental of about Rs 2.50 crores for Q1 3 Q1FY20 Q1FY21 -2 Renegotiating revenue linked Q1FY20 Q1FY21 r
Slide 17: Digital Business Performance
Digital Business Performance OPERATING REVENUE OPERATING PROFIT E-paper format of Dainik Jagran and Mid-Day has Despite COVID-19 impact 11 been brought under 9 digital business managed to subscription reach near break-even Vishvas News’s content related to Covid-19 is now also used by Q1FY20 Q1FY21
Slide 18: Jagran New Media – Growth Story Continues
Jagran New Media – Growth Story Continues.. Jagran New Media Other Highlights May 2019 May 2020 107%* 52 Mn 107 Mn ✓ 817* Mn Page Views which 131%* Jagran.com grew by 65% YoY May 2019 May 2020 Jagranjosh.com 31 Mn 71.7 Mn May 2019 May 2020 38%* 23 Mn 32 Mn Significant increase in Total Unique Visito
Slide 19: Financial Performance
Financial Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 18
Slide 20: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q1FY21 Q4FY20 Q1FY20 Operating Revenue* 2.69 16.58 28.01 Advertisement 1.69 11.92 20.95 Circulation 0.90 3.93 5.90 Other Operating Income 0.10 0.73 1.16 Expenses ** 10.79 20.79 24.36 Operating Profit -8.10 -4.21 3.65 Operating Profit Margin -301
Slide 21: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q1FY21 Q4FY20 Q1FY20 Operating Revenue 14.36 45.87 69.78 Expenses 29.61 41.71* 47.42 Operating Profit -15.25 4.16* 22.36 Operating Profit Margin -106.13% 9.07% 32.05% Other Income 4.73 3.87 3.29 Depreciation 8.51 8.63 8.59 Interest 0.70 2.05 2.57 On
Slide 22: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q1FY21 Q4FY20 Q1FY20 Dainik Jagran* Operating Revenue 140.07 304.87 389.44 Operating Profit -5.99 68.73 114.41 Operating Margin -4.28% 22.54% 29.38% Other Publications* Operating Revenue 25.09 62.38 82.59 Operating Profit -10.68 -6.41 2.87 Operating
Slide 23: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Crs) Q1FY21 Q1FY20 YoY Q4FY20 QoQ Revenues 191.1 584.3 -67% 445.6 -57% Advertisement Revenue * 108.8 431.3 316.1 Circulation Revenue 74.0 108.6 99.1 Others 10.7 44.3 30.4 License Fees 4.5 5.0 4.8 Raw Material 59.7 175.7 122.6 Manpower Cost 97.
Slide 24: Group Introduction
Group Introduction Group Introduction
Slide 25: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing RIGHT mix of stability Potential: media: and scalability: ✓ Dainik Jagran leads the IRS 2019 ✓ Achieved Operating Profit for Q4 rankings with a total ✓ Print Business continues to readership of 6.9
Slide 26: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 73.21% of Music Broadcast Limited Activation OOH (RadioCity) 25
Slide 27: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 86+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) #9 News / Jagran Information Category 10 with over 96 Mn Publications 14 Digital unique visitors Media Portals 5 Business Vertical
Slide 28: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 27
Slide 29: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed 26 Awards upon the Group during the quarter Great Places To Work Asia Ranking New York Festivals Radio Awards WAN-IFRA 10 awards for Dainik Jagran 6 awards fo
Slide 30: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave amitjaiswal@jagran.com Contact: +91 9819916314, Email: payal.dave@sgapl.net Ms. Jigar Kavaiya Contact: +91 9920602034, Email: jigar.kavaiya@sgapl