Media Chinese International Ltd · HKEX:685
Media Chinese International — FY2014/15 Earnings Presentation
35 slides from Media Chinese International's earnings presentation, May 29, 2015
Slide 1: Annual Results 2014/15 Presentation to Analysts
Media Chinese International Limited Annual Results 2014/15 Presentation to Analysts 29 May 2015
Slide 2: Agenda
Agenda (1) Overview (2) Performance Review • Market Highlights • Financial Performance (unaudited) (3) Strategic Update (4) Outlook 1
Slide 3: (1) Overview
Agenda (1) Overview 2
Slide 4: Geographic Diversity
Geographic Diversity Media Chinese (Dual Primary Listed) Greater China Southeast Asia North America Digital Media Sin Chew Daily Toronto Ming Pao MP Daily News (HK) Websites China Press Vancouver Ming Pao Yazhou Zhoukan Mobile Applications Guang Ming Daily Toronto Canadian Over
Slide 5: Market Leading Brands with Long History
Market Leading Brands with Long History Publishing since In publication for • Nanyang Siang Pau 1923 92 years • Sin Chew Daily 1929 86 years • China Press 1946 69 years • Ming Pao Daily News (Hong Kong Edition) 1959 56 years • Ming Pao Monthly 1966 49 years • Ming Pao Weekly 1968 47 years • Yazhou Z
Slide 6: Publishing – Daily Newspapers, Free Newspapers and magazines
Publishing – 5 Daily Newspapers in 11 editions, 3 Free Newspapers and over 30 magazines New! 5
Slide 7: Digital/New Media – e-Papers, e-Magazines, websites and mobile services
Digital/New Media – 5 e-Papers, 22 e-Magazines, over 40 websites & numerous mobile services Online Media (Southeast Asia) New! New! New! Online Media (Hong Kong) Mobile Media Online Media (Mainland China) Online Media (Canada) 66
Slide 8: (2) Performance Review – Market Highlights
Agenda (2) Performance Review • Market Highlights 7
Slide 9: Market Share in Malaysia and Hong Kong
Market Share in Malaysia and Hong Kong Penisular Malaysia Period from 1 Jan 2014 to 31 Dec 2014 Chinese Newspapers Readership Ranking in Malaysia Sin Chew -Sin Chew Daily 1,197,000 No. 1 -Guang Ming Daily 356,000 No. 3 Nanyang -China Press 1,072,000 No. 2 -Nanyang Siang Pau 88,000 with PMEB focus SC
Slide 10: Adex for Jan to Dec 2014 in Malaysia
Adex for Jan to Dec 2014 in Malaysia YTD Adex for Year 2014 Total Adex (RM) Cinema ISM NPPS : 4,653m 0.3% 1.1% Magazines : 124m +1.5% Magz Radio TV (FTA) 22.8% TV (FTA) : 3,210m 0.9% 3.3% Pay TV : 5,416m Radio : 461m +6.4% In-store media : 156m NPPS Cinema : 44m 33.1% PayTV 38.5% NPPS : +1.7% Magazi
Slide 11: Total Newspapers Adex in Malaysia 2014 Vs 2013
Total Newspapers Adex in Malaysia 2014 Vs 2013 Year 2014 Year 2013 Variance Variance RM’ million RM’ million RM’ million % English 2,018 1,854 164 9% Malay 1,335 1,380 (45) -3% Chinese 1,277 1,316 (39) -3% Tamil 23 24 (1) -5% TOTAL 4,653 4,574 79 2% Source: Nielsen Advertising Information Services (
Slide 12: Share of Chinese Newspapers Advertising Expenditure in Malaysia 2014
Share Of Chinese Newspapers Advertising Expenditure In Malaysia Year 2014 NEWSPAPERS ADEX Others West Malaysia 2.6% ENG Npps 43.4% CHN Npps MCIL Group 27.4% 20.3% Others East Malaysia 4.6% Tamil Npps BM Npps 0.5% 28.7% Adex for Total Newspapers : RM 4,653 million Chinese Newspapers in West Malaysia:
Slide 13: Adex for Jan to Mar 2015 in Malaysia
Adex for Jan to Mar 2015 in Malaysia YTD Adex (Jan–Mar 2015) Total Adex (RM) Radio Cinema ISM 0.3% 1.2% 3.1% NPPS : 1,015m Magz 0.8% FTA Magazines : 28m -6.4% 20.8% TV (FTA) : 689m Pay TV : 1,431m NPPS Radio : 101m +13.1% 30.6% In-store media : 42m Cinema : 10m Pay TV 43.2% NPPS : -6.6% RM 3,316m Ma
Slide 14: Adex for Jan to Dec 2014 in Hong Kong
Adex for Jan to Dec 2014 in Hong Kong Total Adex (Jan to Dec 2014) Total Adex (HKD) Newspapers : 35,013m Others Magazines : 13,574m -1.1% Interactive 10% 12% TV : 35,183m Radio Radio : 3,957m 4% TV 31% Interactive : 11,420m +7.8% Magazines Others : 14,236m 12% NPPS 31% Newspapers : +1.0% Magazines :
Slide 15: Adex for Jan to Mar 2015 in Hong Kong
Adex for Jan to Mar 2015 in Hong Kong Total Adex (Jan to Mar 2015) Total Adex (HKD) Newspapers : 8,008m Magazines : 2,753m +1.2% Interactive Others 12% TV : 8,682m Radio 14% 3% TV Radio : 808m 32% Interactive : 3,404m +12.6% Magazines Others : 3,663m 10% NPPS 29% Newspapers : +4.3% Magazines : -6.8%
Slide 16: (2) Performance Review – Financial Performance
Agenda (2) Performance Review • Financial Performance (unaudited) 15
Slide 17: Group Results Summary
Group Results Summary Q4 Q4 YTD YTD US$ ’million +/(-) +/(-) FY2014/15 FY2013/14 FY2014/15 FY2013/14 Turnover 86.8 99.6 -12.9% 429.1 468.7 -8.4% Expenses (75.8) (90.6) 16.3% (385.1) (413.8) 6.9% Impairment losses (7.6) - N/A (7.6) - N/A PBT 5.8 13.0 -55.4% 47.5 68.6 -30.7% PBT before 13.4 13.0 2.8%
Slide 18: Currency Impact
Currency Impact Q4 Q4 FY2014/15 FY2013/14 Exchange Rate Changes: - US$/RM +9.7% +4.6% - US$/C$ +12.7% +8.0% Currency Impact (US$ ’million) - Turnover (6.2) (13.3) - Profit Before Tax (1.0) (2.1) 17
Slide 19: Segment Results
Segment Results Turnover (US$’000) FY 2014/15 FY 2013/14 Variance (%) Malaysia & other SEA countries 249,961 282,387 -11.5% Hong Kong, PRC & North America 93,273 97,918 -4.7% Travel and travel related services 85,906 88,423 -2.8% Total Turnover 429,140 468,728 -8.4% PBT (US$’000) FY 2014/15 FY 2013/
Slide 20: Cash Generation
Cash Generation FYE 2015 FYE 2014 Variance US$ ’000 US$ ’000 US$ ’000 OPERATING CASH FLOW 76,600 84,562 -9.4% Less: Interest (6,532) (7,066) 7.6% Taxation (16,970) (20,461) 17.1% Dividends (19,237) (30,500) 36.9% Sub-Total: 33,861 26,535 27.6% Capital Expenditure (9,381) (11,169) 16.0% Others 150 (1
Slide 21: Financial Position
Financial Position As of 31 March (US$ million) 2015 2014 Total assets 422.8 462.8 Net debt - Debt (131.1) (150.5) - Cash and cash equivalents 118.6 102.8 Net Debt (12.5) (47.7) Shareholders Funds 209.7 217.8 Net assets per share (US cents) 12.43 12.91 Net gearing ratio (Net debt / Shareholders fund
Slide 22: Dividends
Dividends FYE 2015 FYE 2014 FYE 2013 Special Dividend (US cents) --- --- 13.00 First Interim Dividend (US cents) 0.430 0.750 0.673 Second Interim Dividend (US cents) 0.500 0.680 1.015 Total Dividend (US cents) 0.930 1.430 14.688 Dividend Pay-out Ratio (as a % of PATAMI) 49.9% 50.0% 50.0% ~(excluding
Slide 23: Share Price & NAV per Share
Share Price & NAV per Share (in RM) 1.4 NAV 1.2 Share Price (month-end closing) 1 RM 0.8 0.6 0.4 0.2 0 22
Slide 24: (3) Strategic Update
Agenda (3) Strategic Update 23
Slide 25: Strategic Update - Malaysia: Strengthening digital media platforms
Strategic Update - Malaysia Strengthening digital media platforms (1) E-papers • Collaborate with The Star for joint e-papers promotion. • Partner with major media houses or retail outlets for bundling print together with e- versions. • Achieve 41,000 e-subscriptions since the launch of e-papers las
Slide 26: Strengthening digital media platforms (cont'd)
Strategic Update - Malaysia Strengthening digital media platforms (cont’d) (2) Pocketimes online video portal • Providing short video clips of breaking news, business & sports, etc. • Expanding more video content covering entertainment & lifestyle. • Garnering about 1 million video views per month.
Slide 27: Strategic Update - Malaysia: Growing e-commerce platform
Strategic Update - Malaysia Growing e-commerce platform (5) Logon e-marketplace • Rolled out an improved layout version to enrich a new e- shopping experience. • Building up further online audiences by educating SMEs and e-shoppers to trade online more effectively and rewardingly. • A new Logon merc
Slide 28: Strategic Update - Malaysia: Diversifying to non-media business
Strategic Update - Malaysia Diversifying to non-media business (6) Actively exploring new investment opportunities in: • education • properties development • others – Big Data marketing, etc. 27
Slide 29: Malaysia: MCIL's strength in reaching out
Malaysia: MCIL’s strength in reaching out… Approximately 730,000 circulation copies per day Approximately 2.7 million print readers per day More than 4.8 million unique visitors per month More than 34 million page views per month More than 2.5 million combined followers on social media pla
Slide 30: Strategic Update – Hong Kong: Education Publications
Strategic Update – Hong Kong 1) Education Publications “Life & Society” 29 booklets Liberal Studies --- printed and e-textbooks “Today Hong Kong” , “Nowadays China”, “Public Hygiene” and “Globalisation” for junior secondary schools printed textbooks for senior secondary schools Done Done 29
Slide 31: Strategic Update – Hong Kong: Digital Performance (Ming Pao Daily News)
Strategic Update – Hong Kong 2) Digital Performance (Ming Pao Daily News) Online readership (2014 vs 2013) +150% (Source: Nielsen Media Index 2014 Year-end Report) Facebook page for mingpao.com instant news (May 2015) exceeded 211,000 fans (Source: Socialbakers) 2nd most liked facebook page amongst
Slide 32: (4) Outlook
Agenda (4) Outlook 31
Slide 33: Outlook Statement FY 2016
Outlook Statement FY 2016 The Group is expecting another challenging year in 2015/16, given the continued economic uncertainties in the Group’s operating markets as well as the slow pace of recovery of the global economy. We anticipate that the implementation of the GST in April 2015 and the ensurin
Slide 34: Thank you
Thank you 33
Slide 35: Forward Looking Statements
Forward Looking Statements This presentation includes certain forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Media Chinese International Ltd expects or anticipates will or may occur in the future are forward
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