Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q2 FY25 Earnings Presentation
28 slides from Jagran Prakashan's earnings presentation, Nov 7, 2024
Slide 1: Exchange intimation letter for investor presentation
November 7, 2024 To, Manager–CRD, Scrip Code: 532705 BSE Ltd., Equity Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, Symbol: JAGRAN National Stock Exchange of India Ltd., Equity ‘Exchange Plaza’, Bandra Kurla Complex, ISIN No.: INE199G01027 Dalal Stree
Slide 2: Q2FY25 Result Presentation
Jagran Prakashan Limited Q2FY25 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: Group Key Highlights
Group Key Highlights Operating Profit Strategic Integration of Further Strengthening our Strategy Realignment benefited from lower Radio, Digital & Non- Position Yielding Results newsprint price FCT to drive growth • Flagship brand Dainik • Radio City continues to • JNM is amongst the top • Outdoor
Slide 5: Business Performance
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Slide 6: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX -3% -2% -6% +10% CONSOLIDATED 459 447 387 379 72 68 62 56 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX -4% -4% 0% +15% 391
Slide 7: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 18.3% 22.4% -5% +16% 280 266 60 51 Leadership position remains intact Q2FY24 Q2FY25 Q2FY24 Q2FY25 The company achieved ~16% growth in PROFIT BEFORE TAX operating profit and saw a margin 17.3% 24.1% expansion of ~410 basis points
Slide 8: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE Advertisement Revenue was -4% -8% impacted due to lower 246 237 90 83 government advertisement Company witnessed a margin expansion of ~140 basis points, Q2FY24 Q2FY25 Q2FY24 Q2FY25 this improvement was primarily driven by reduced n
Slide 9: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES 35% of Revenue generated +5% +12% Radio City’s Market share* from a variety of offerings: 52 55 52 Proactive proposals, Digital is 19% in Q2 FY25 46 initiatives, Sponsorships, and Special events 2nd Highest Q2FY24 Q2FY25 Q2FY24 Q2FY25 R
Slide 10: Group Digital Business Performance
Group Digital Business Performance JNM in the News/Information Company’s Collaboration category reached out to ~86 OPERATING REVENUE OPERATING PROFIT with Google, Meta, JIO & Mn Unique Users* Amazon has enhanced our -1% content discovery, JNM is amongst the top 10 28 27 4 in India and amongst top 15
Slide 11: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT Recorded strong growth on +19% +70% Revenues and Operating Profit, on 45 2 the back of increase in share of contribution from asset-based 38 businesses 1 Company will continue to focus on pure activation revenue while reducin
Slide 12: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +1% -6% 13 13 3 3 Advertisement revenue has Q2FY24 Q2FY25 Q2FY24 Q2FY25 witnessed a consistent performance over the past few OPERATING PROFIT PROFIT BEFORE TAX quarters -110% 0 1 -1 0 Q2FY24 Q2FY25 Q2FY24 Q2FY25 11 In Rs. Crs
Slide 13: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -6% -10% 34 32 13 11 Q2FY24 Q2FY25 Q2FY24 Q2FY25 OPERATING PROFIT PROFIT BEFORE TAX -64% -70% 11 10 4 3 Q2FY24 Q2FY25 Q2FY24 Q2FY25 12 In Rs. Crs ^ Includes Naidunia, I-next, Punjabi Jagran, Inquilab and Magaznie
Slide 14: Financial Performance
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Slide 15: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 109 415 107 105^ 302 226 101 102 102 109 FY18 FY19 FY20 FY23 FY24 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21* FY23 FY24 Distribution of ~ Rs. 560 crores as Distribution of ~ Rs. 1,200 crores D
Slide 16: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q2FY25 Q1FY25 Q2FY24 Operating Revenue 16.18 14.43 16.39 Advertisement 13.00 11.16 12.81 Circulation 2.79 2.79 2.98 Other Operating Income 0.39 0.47 0.60 Expenses 16.25 16.56 15.71 Operating Profit -0.07 -2.13 0.68 Operating Profit Margin -0.44%
Slide 17: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q2FY25 Q1FY25 Q2FY24 Operating Revenue 54.83 59.60 52.44 Expenses 51.80 50.36 46.06 Operating Profit 3.03 9.24 6.38 Operating Profit Margin 5.52% 15.50% 12.16% Other Income 6.49 6.62 5.70 Depreciation and Amortisation 8.63 8.53 8.28 Interest 2.86 2.8
Slide 18: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q2FY25 Q1FY25 Q2FY24 Dainik Jagran* Operating Revenue 266.44 267.52 280.36 Operating Profit 59.64 61.04 51.26 Operating Margin 22.38% 22.82% 18.28% Other Publications* Operating Revenue 59.87 47.09 67.04 Operating Profit 4.03 -5.22 10.29 Operating M
Slide 19: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q2FY25 Q2FY24 YoY Q1FY25 QoQ H1FY25 H1FY24 YoY Operating Revenues 446.51 458.73 -3% 444.12 1% 890.63 913.31 -2% Advertisement Revenue * 312.14 318.61 296.66 608.80 627.98 Circulation Revenue 82.66 89.72 85.52 168.18 184.85 Other Operating
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars Sep-24 Mar-24 Particulars Sep-24 Mar-24 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 321.83 328.05 Equity share capital 43.53 43.53 Right-of-use assets 98.53 82.78 Other equity 1,859.90 1,884.64 Capital work-in-progress
Slide 21: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars H1FY25 H1FY24 Profit before income tax 119.90 113.41 Adjustments for: 26.31 43.84 Cash flow before Working Capital changes 146.21 157.25 Change in operating assets and liabilities -147.98 -97.60 Cash generated from operations -1.77 59.65 Income taxes paid
Slide 22: Group Introduction
Group Introduction Group Introduction
Slide 23: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing media: RIGHT mix of stability ✓ Potential: Dainik Jagran leads the IRS 2019 and scalability: Q4 rankings with a total readership of 6.9 Crs.* ✓ Radio business has retained its ✓ Registered a reach
Slide 24: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% of Music Broadcast Limited Activation OOH (RadioCity) 23
Slide 25: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 for Jagran News / Information Category in Digital 8 Media Publications 19 Digital Media Portals 5 Business Vertical
Slide 26: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 25
Slide 27: Awards & Certifications
Awards & Certifications Brand Award No. of Awards All India Photography Competition 4 National Level News Photo Contest 3 Midday Midday Total 7 e4m Health & Wellness Awards 2024 3 Google News Initiative Summit 2024. 1 Jagran New Media GlobalFact Awards 1 Recognising Group’s leadership position in di
Slide 28: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya / Ms. Ami Parekh amitjaiswal@jagran.com Email: jigar.kavaiya@sgapl.net / ami.parekh@sgapl.net Contact: +91 9920602034 / +91 8082466052 www.jpl