Ht Media Limited · NSE:HTMEDIA
Ht Media — Q3 FY2017-18 Earnings Presentation
25 slides from Ht Media's earnings presentation, February 2018
Slide 1: HT Media Group Q3 FY 2017-18 Consolidated Financial Results
HT MEDIA GROUP Q3 FY 2017-18 Consolidated Financial Results 1
Slide 2: Cautionary Statements
Cautionary Statements Certain statements in this presentation may be forward-looking statements. Such forward looking statements are subject to risks and uncertainties like regulatory changes, local political and economic developments, technological risks and many other factors that could cause our
Slide 3: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 9 Outlook 18 Annexures 22 3
Slide 4: Chairperson's Message
Chairperson’s Message Commenting on the results and performance, Mrs. Shobhana Bhartia, Chairperson and Editorial Director, HT Media said: “The pressure on revenue has continued in our print business. While our English business has declined marginally, our Hindi business has reported growth. The cos
Slide 5: Consolidated Performance
CONSOLIDATED PERFORMANCE =HHT
Slide 6: Highlights of the Quarter
Highlights of the Quarter Hindi print business back on the path of ad revenue growth Improved yields in both Hindi and English newspapers One time benefit from profit on sale of property of Rs 31 cr Cost restructuring initiatives have yielded result with benefits apparent in all line items Achieved
Slide 7: Financial Summary
Financial Summary (Rs Cr) Q3’17 Q3’18 Change % Operating Revenue 650 625 -25 -4% Operating EBITDA 110 135 24 22% Op EBITDA margin (%) 17% 22% PAT 91 124 33 36% PAT margin (%) 13% 18% EPS (Rs per Share) 3.9 5.3 1.4 36% Net Cash* 997 1,222 225 23% *As at 31st Dec Growth in operating profit along with
Slide 8: Key Drivers
Key Drivers + In print, few sectors such as FMCG and - Decline in overall market volumes Luxury have started showing growth in Ad spend - Muted ad spend in big categories such as Government, Retail, Automobiles, Banking + Strong margin performance in both new & Finance and Education and existing rad
Slide 9: Business Unit Performance
BUSINESS UNIT PERFORMANCE =HHT
Slide 10: Print
1 Print FINANCIAL PERFORMANCE (Rs Cr) Q3’17 Q3’18 Change % Revenue 561 529 -32 -6% EBIT 65 115 50 77% EBIT margin (%) 12% 22% REVENUE BREAKUP Ad Revenue (Rs Cr) Circulation Revenue (Rs Cr) -3% -14% 466 452 79 68 Q3’17 Q3’18 Q3’17 Q3’18 Operational profit growth amid revenue softness due to strong co
Slide 11: Print – English
1 (a) Print – English REVENUE BREAKUP Ad Revenue (Rs Cr) Circulation Revenue (Rs Cr) -8% -15% 298 275 23 19 Q3’17 Q3’18 Q3’17 Q3’18 REVENUE DRIVERS + Increase in ad spends for FMCG, Entertainment and Luxury segment + Delivered improvement in yield - Impact of GST playing out across sectors - Muted a
Slide 12: Print – English: Key Business Priorities
1 (a) Print – English KEY BUSINESS PRIORITIES Maintain copy leadership Target higher wallet share in key markets Continue to offer superior product offerings Customized customer centric solutions 12
Slide 13: Print – Hindi
1 (b) Print – Hindi (Rs Cr) Q3’17 Q3’18 Change % Operating Revenue 230 230 0 0% Operating EBITDA 41 58 17 42% Op EBITDA margin (%) 18% 25% PAT 44 49 5 12% PAT margin (%) 17% 20% EPS (Rs per Share) 6.0 6.7 0.7 12% Net Cash* 762 965 203 27% Q3’17 includes 9 months HTDS impact, hence not strictly com
Slide 14: Print – Hindi: Revenue Breakup and Drivers
1 (b) Print – Hindi REVENUE BREAKUP Ad Revenue (Rs Cr) Circulation Revenue (Rs Cr) 5% -14% 169 177 56 48 Q3’17 Q3’18 Q3’17 Q3’18 REVENUE DRIVERS + Ad revenue growth driven by increase in yield and volume + Strong performance in FMCG and Retail segment. Classified business have also grown. + Continue
Slide 15: Print – Hindi: Key Business Priorities
1 (b) Print – Hindi KEY BUSINESS PRIORITIES Focus on initiatives to augment market volumes Better cover price realization Persistent investment into copies in core markets Better monetization of copies through higher yield Continue to focus on cost management 15
Slide 16: Radio
2 Radio FINANCIAL PERFORMANCE (Rs Cr) Q3’17 Q3’18 Change % Revenue 45 47 2 5% EBITDA 13 19 6 45% EBITDA margin (%) 30% 41% EBIT 5 10 5 92% EBIT margin (%) 12% 22% PERFORMANCE DRIVERS + Top line for new and existing stations continue on growth path largely led by yield improvement + Margin expansion
Slide 17: Digital
3 Digital REVENUE Digital Revenue (Rs Cr) 37 28 Q3’17 Q3’18 PERFORMANCE DRIVERS + Digital content business continues on growth trajectory - Shine Revenues have been soft 17
Slide 18: Outlook
=HHT OUTLOOK 18
Slide 19: Outlook
OUTLOOK With green shoots visible in ad spends across sectors and receding impact of GST, we expect better financial performance going into next fiscal. NEAR TERM PRIORITIES Market Position • Improve leadership position in core markets • Better monetization of copies Profitability • Maintain cost fo
Slide 20: Q&A
Q&A Dial-in number for Q&A : +91 22 3960 0570 20
Slide 21: HT Media Ltd contact details
HT Media Ltd (CIN: L22121DL2002PLC117874) Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Amit Madaan Sankalp Raghuvanshi IR@hindustantimes.com +91 11 6656 1605 Saket Somani Ankul Adlakha htmedia@churchgatepartners.com +91 22 6169 5988 21
Slide 22: Annexures
=HHT ANNEXURES 22
Slide 23: The HT Story – Enriching and Empowering India
The HT Story – Enriching and Empowering India 2007 2000 2015 1924 5 new editions Radio license 2010 acquisition in inaugurated by launched with Business newspaper localization focus phase 3 spectrum Mahatma Gandhi launched along with auction livemint.com and foray into 1960 hindustantimes.com educat
Slide 24: Content: Strong Brand Portfolio across Segments
Strong Brand Portfolio across Segments Content Pan-India content distribution footprint across traditional and new age channels 24
Slide 25: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd YoY Growth Seq Growth YTD Rs Crs (Except for EPS) Q3'17 Q3'18 Q2'18 Q3'18 YTD'17 YTD'18 (%) (%) Growth (%) Operating Revenue 650 625 -4% 561 625 12% 1,867 1,785 -4% Raw Materials & change in inventory 179 168 -6% 159 168 6% 538 492 -8% Employee Cost 145 130 -10% 122 1