Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q4 FY2018 Earnings Presentation
35 slides from Jagran Prakashan's earnings presentation, May 25, 2018
Slide 1: Intimation to Stock Exchange cover letter
THE WORLD'S LARGEST READ DAILY n Jagran May 25,2018 1) Manager-CRD, BSE Ltd., Re: Jagran Prakashan Limited Phiroze Jeejeebhoy Towers, Scrip Code: 532705 Dalal Street, ISIN No.: INE199G01027 Mumbai-400001 2) Listing Manager, National Stock Exchange of India Ltd., Re: Jagran Prakashan Limited 'Exchang
Slide 2: Jagran Prakashan Limited May 2018 Result Presentation
Jagran Prakashan Limited Q1FY17 May Result 2018 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: Key Highlights FY18
Key Highlights FY18
Slide 5: Management Commentary
Management Commentary Comment from Chairman and Managing Director “The operating performance of all the businesses was satisfactory. The year 2017-18 further cemented the market position of Dainik Jagran which augurs well for future and will help capitalize on the huge potential when the economy ful
Slide 6: An Attractive Shareholder Return
An Attractive Shareholder Return Dividend % 175% 175% 100% 200% 175% 150% 150% (on FV) PAT Dividend paid + Buy Back 404.9 In Rs. Crs 350.8 349.3 308.0 302.3 310.9 254.7 226.2 207.8 178.3 159.3 128.6 128.6 137.4 110.0 52.7 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18* BUY BACK of 50L BUY BACK of 1.55Cr BU
Slide 7: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Strong GROWTH FASTEST growing RIGHT mix of stability Undisputed LEADER: Potential: media: and scalability: ✓ Dainik Jagran leads the IRS 2017 ✓ Maintained EBITDA margins at rankings with a total readership ✓ Print Business continues to over 30% f
Slide 8: De-Risked Business Model
De-Risked Business Model Revenue Breakup – FY2018 New Generation Mid-Day and Nai 6% Businesses Revenue : Dunia Revenue: 1% 13% ~20% ~12% Operating Profit Operating Profit 15% 65% 0.7% 7.2% +15% 84 +127% 19 55 Dainik Jagran Other Print Radio City 2 Digital Events & Outdoor FY15 FY18 FY15 FY18 7
Slide 9: New Generation Media
aan 2aa aaa wae aaa ag Lau “4
Slide 10: MBL reach increased to 72% with AOPL Acquisition
MBL reach increased to 72% with AOPL Acquisition Financial Performance Margins ▪ Kolkata amongst the top 5 radio markets in India 15% 18% 20% ▪ Friends FM : An established brand in Kolkata since 10.6 10.8 last 10 years Revenue (In Crs) 5.8 ▪ Being a standalone channel its potential is yet to reach N
Slide 11: MBL - Annual Performance
MBL - Annual Performance Revenue EBITDA & Margins PAT & Margins In Rs. Crs In Rs. Crs In Rs. Crs Growth of Growth of Growth of 10% 6% 41% 33.6% 32.6% 13.5% 17.3% 298 271 91 97 52 37 FY17 FY18 FY17 FY18 FY17 FY18 Improvement in Margins, despite of the investments in Phase III stations Note: 11 new Ph
Slide 12: MBL – Quarterly Performance
MBL – Quarterly Performance Revenue EBITDA & Margins PAT & Margins In Rs. Crs In Rs. Crs In Rs. Crs Growth of Growth of Growth of 14% 65% 261% 24.9% 36.0% 6.8% 21.4% 76 67 27 16 17 4 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Note: 11 new Phase III station commenced operation from Q4FY17 11
Slide 13: Consistent Quarterly Output Deliveries
Consistent Quarterly Output Deliveries Revenues EBITDA & Margins PAT & Margins In Rs. Crs In Rs. Crs In Rs. Crs 76 76 76 70 31.5% 31.9% 30.6% 36.0% 15.4% 16.8% 15.6% 21.4% 27 24 23 16 22 13 12 11 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Maintained EBITDA Ma
Slide 14: MBL – Business Updates
MBL – Business Updates Over 15 Years of Experience in the Radio Industry with presence in 12 out of top 15 cities of Indian Population LEADERSHIP GROWTH EFFICIENCY REACH RELEVANCE ▪ Industry volume Revenue growth Stations aquired in Market Listenership growth at 5%, Increased the FM majorly contribu
Slide 15: Radio Digital - New Age Initiatives leading to ~2X Growth
Radio Digital - New Age Initiatives leading to ~2X Growth 51 Radio stations in 10 languages & 900+ playlists have generated a listenership of 40 Million 3.36 Mn Likes Applications 3.06 Lac Followers Launched: 0.58 Lac Followers 52.01 Mn Views Web Presence hindi.radiocity.in www.radiocity.in Over 3.6
Slide 16: Digital – Investing to Build leadership
Digital – Investing to Build leadership Our Digital Media Portfolio Indian website in overall Healthcare Industry with 4.1 Mn Unique Users Education category • For the quarter ended March with over 6.3 Mn mn unique #2 Unique Visitors 2018 growth in Digital Topline users 29.8 #3 ✓ 16% Growth at Faste
Slide 17: Digital Business showing Highest Industry Growth
Digital Business showing Highest Industry Growth Digital Revenues of Print Business Growth of ~45% for FY17 Growth of ~16% for FY18 Annual ~20 Crs Annual ~29 Crs Annual ~33 Crs 9 9 8 FY18 vs. FY17 8 8 7 7 6 6 5 5 Print Digital 4 16% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY
Slide 18: Turnaround of Outdoor & Events Business
Turnaround of Outdoor & Events Business Operating Revenue Annual Highlights Operating Profit In Rs. Crs In Rs. Crs 136 Jagran Engage 5 ✓ Recorded Highest ever revenue and operating margins since inception ✓ Awarded 9 year media rights for Lucknow 91 Metro ✓ Sliver Awards in Outdoor Advertising Conve
Slide 19: Print Media
PRINT MEDIA
Slide 20: We are Numero Uno Because …
We are Numero Uno Because … YET WE ARE No. 1 JPL Hindi Publications* 77 mn readers Dainik Jagran is India’s #1 Daily^ Ahead of peers both in terms of Readership & Circulation No 1 website in Education Category and in overall Healthcare Our Leadership We do not chase Industry position is built on Bus
Slide 21: Historically, performed better than Peer
Historically, performed better than Peer ! Circulation Revenue Ad Revenue EBITDA PAT Revenue Jagran Prakashan CAGR 9.1% CAGR 10.0% CAGR 6.6% CAGR 14.6% CAGR 14.7% 2,351 1,697 433 583 311 315 1,522 1,053 295 157 FY13 FY18 FY13 FY18 FY13 FY18 FY13 FY18 FY13* FY18 CAGR ~8% CAGR ~6% CAGR ~13% CAGR ~8% C
Slide 22: Sustainable Revenues in Print Business…
Sustainable Revenues in Print Business… Sustainable Print Advertisement Revenue inspite of Demonetization, GST Rollout and RERA Average ~330 Crs Average ~348Crs Average ~343 Crs 358 369 362 349 356 337 334 338 321 323 321 312 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17* Q1FY18 Q2FY18 Q3F
Slide 23: …with Sustainable Average Quarterly Operating Revenue
…with Sustainable Average Quarterly Operating Revenue Dainik Jagran Average ~364 Crs Average ~382 Crs Average ~378 Crs 386 384 374 400 374 396 372 391 356 357 360 353 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Other Publications Average ~81 Crs Average ~86 Cr
Slide 24: Financial Performance
Financial Performance
Slide 25: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q4 FY18 Q3 FY18 Q4 FY17 Operating Revenue 27.69 27.85 31.93 Advertisement 19.89 19.92 24.35 Circulation 6.91 7.24 6.86 Other Operating Income 0.89 0.69 0.72 Expenses 23.59 24.54 24.95 Operating Profit 4.10 3.31 6.98 Operating Profit Margin 14.80
Slide 26: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q4 FY18 Q3 FY18 Q4 FY17 Operating Revenue 75.93 76.18 66.55 Expenses 48.57 52.86 49.95 Operating Profit 27.36 23.32 16.60 Operating Profit Margin 36.03% 30.61% 24.94% Other Income 5.40 4.33 1.68 Depreciation 6.67 6.53 5.63 Interest 3.37 3.92 5.90 Pr
Slide 27: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q4 FY18 Q4 FY17 Dainik Jagran* Operating Revenue 352.74 373.64 Operating Profit 96.75 122.86 Operating Margin 27.43% 32.88% Other Publications* Operating Revenue 80.73 84.10 Operating Profit 5.23 8.10 Operating Margin 6.48% 9.63% Digital Operating R
Slide 28: Consolidated Profitability Statement
Consolidated Profitability Statement Rs In Cr Q4 FY18 Q4 FY17 YoY Q3 FY17 QoQ FY18 FY17 YoY Revenues 548.0 562.0 -2% 598.1 -8% 2,304.0 2,283.0 1% Advertisement Revenue * 397.4 409.4 -3% 439.0 -9% 1,697.2 1,686.6 1% Circulation Revenue 107.4 110.2 -3% 110.3 -3% 432.6 432.5 0% Others 43.2 42.5 2% 48.8
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Cr) Mar-18 Mar-17 EQUITY AND LIABILITIES (Rs. In Cr) Mar-18 Mar-17 Non-Current Assets 2,051.3 2,154.2 Equity and Liabilities 2,287.1 2,391.2 Property, plant and equipment incl. CWIP 525.7 656.1 Investment Property Equity share capital 62.3 65.4 90.8 0.0 Good
Slide 30: Group Introduction
Group Introduction Group Introduction
Slide 31: Jagran Today
Jagran Today ~Rs.5100 Cr ~Rs.2000 Cr MARKET CAP MARKET CAP Print Digital Radio Jagran Prakashan Limited holds 70.58% of Music Broadcast Limited Activation OOH (RadioCity) 30
Slide 32: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 77+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Jagran 9 Print Publications and 1 9 Digital Media Magazine Portals 5 Business No 1 website in Verticals Education Trusted by milli
Slide 33: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 32
Slide 34: Geographical Reach – From Jammu to Tamil Nadu
Geographical Reach – From Jammu to Tamil Nadu Jalandhar Hissar Patiala Karnal Enhancing Pan Bikaner Delhi Bareilly India Presence Agra Jaipur Lucknow Gorakhpur Ajmer Gwalior Kanpur Print Presence : Patna Udaipur Varanasi Kota Ranchi 13 State Ahmedabad Kolkata Baroda Jamshedpur Jalgaon Surat Akola Na
Slide 35: 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. Payal Sheth Contact: +91 9820452239, Email: payal.sheth@sgapl.net