Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q2 FY21 Earnings Presentation
25 slides from Jagran Prakashan's earnings presentation, Nov 4, 2020
Slide 1: Intimation to Stock Exchange cover letter
THE W O RLD 'S LA RG EST REA D DA ILY Jagran November 04, 2020 To, Manager-CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange oflndia Ltd., Symbol: JAGRAN 'Exchange Plaza', Bandra Kurla Complex, ISI
Slide 2: Jagran Prakashan Limited Q2FY21 Result Presentation
Jagran Prakashan Limited Q2FY21 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 “Business environment improved with gradual unlocking. This resulted in month on month improvement in business activities as well as revenues. Digital business was the only business reporting year on year growth of 29% in revenues. However, the businesses
Slide 5: Group Key Highlights
Group Key Highlights Improvement in Outperformed the Digital reports YoY and Gradual Scaling Up of Revenue helps report Radio Industry Growth QoQ growth in Topline Operations Profit and Operating Profits • Circulation and Ad • Volumes grew by 1.7x • Scaled up operations revenue have shown • Jagran.c
Slide 6: Business Performance
Business Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable 5
Slide 7: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE 341 +40% 196 140 Dainik Jagran has improved its Q2FY20 Q1FY21 Q2FY21 operating margin on a YoY basis Witnessing month on month due to better per copy recovery in Ad Volumes OPERATING PROFIT realisation, cost savings and 21.4% -4.3% 22.6% lower n
Slide 8: Print Business Performance Improves
Print Business Performance Improves ADVERTISMENT REVENUE CIRCULATION REVENUE Our Circulation was ~85% of average pre-Covid levels (February 2020) 301 108 +7% This Quarter again saw a positive +80% 74 79 contribution from circulation 154 86 Recovery in Ad Revenues and Cost Savings measures have helpe
Slide 9: Cost Savings have helped operating margins
Cost Savings have helped operating margins Cost of Raw Material Other Expense -50% 195 181 180 -55% 171 167 176 160 162 158 158 143 123 81 71 68 60 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20* Q1FY21 Q2FY21 In Q2 FY21, the cost of raw materials i
Slide 10: MBL: Operating Performance - Cash Profit in Q2 FY21
MBL: Operating Performance - Cash Profit in Q2 FY21 OPERATING REVENUE OPERATING PROFIT Maintains its leadership Reduced debtors by Rs.28 position at 21% market 63 19 Crores compared to 31st share with highest client +108% March 20 out of which count share in all radio 30 Rs.17 Crores was from player
Slide 11: Digital Business Performance Improves YoY as well
Digital Business Performance Improves YoY as well OPERATING REVENUE OPERATING PROFIT +40% Jagran.com Recorded a 13 2 reach of 59 Million unique 10 Digital reported growth in visitors, 274 Million Page 9 Operating revenues as well Views, 350 Million minutes as Operating Profit on a YoY time spent wit
Slide 12: 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 29 Jagran Solutions scaled up their 1 operations in Q2 and was near +235% EBITDA Break-even level’s but their 10 businesses continued
Slide 13: Financial Performance
Financial Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable 12
Slide 14: 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 15: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q2FY21 Q1FY21 Q2FY20 Dainik Jagran* Operating Revenue 196.16 140.07 341.48 Operating Profit 44.49 -5.99 72.94 Operating Margin 22.68% -4.28% 21.36% Other Publications* Operating Revenue 41.24 25.09 75.48 Operating Profit 2.09 -10.68 -1.14 Operating
Slide 16: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Crs) Q2FY21 Q2 FY20 YoY Q1FY21 QoQ H1FY21 H1FY20 YoY Revenues 289.1 514.5 -44% 191.1 51% 480.2 1,098.8 -56% Advertisement Revenue * 195.1 370.6 108.8 303.8 801.9 Circulation Revenue 79.3 107.2 74.0 153.3 215.8 Others 14.8 36.7 10.7 23.0 81.1 L
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Cr) Sep-20 Mar-20 EQUITY AND LIABILITIES (Rs. In Cr) Sep-20 Mar-20 Non-Current Assets 1,975.7 1,723.6 Equity and Liabilities 2,116.3 2,148.5 Property, plant and equipment incl. CWIP 472.3 505.5 Equity share capital 56.2 56.2 Right to use assets 69.8 71.4 Inv
Slide 18: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement th th In Rs. Crs Half Year ended 30 Sep 2020 Half Year ended 30 Sep 2019 Profit before tax -47.5 160.6 Adjustments 59.5 87.2 Operating Profit Before Working Capital Changes 12.1 247.8 Change in operating assets and liabilities 112.2 37.5 Cash generated from operation
Slide 19: Group Introduction
Group Introduction Group Introduction
Slide 20: 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 21: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 73.21% of Music Broadcast Limited Activation OOH (RadioCity) 20
Slide 22: 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) Jagran 10 Publications 15 Digital #9 News / Media Portals Information Category 5 Business No 1 Verticals website in Trusted by mil
Slide 23: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 22
Slide 24: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed the below awards upon the Group during the quarter Honours and Recognizes Dynamic ICT Leaders Recognizing India’s Most Forward Thinking & Leveraging the Power
Slide 25: 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 Mr. Jigar Kavaiya Contact: +91 9920602034, Email: jigar.kavaiya@sgapl