Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q3 FY23 Earnings Presentation
27 slides from Jagran Prakashan's earnings presentation, Feb 2, 2023
Slide 1: Exchange intimation letter for investor presentation
February 02, 2023 To, Manager–CRD, Scrip Code: 532705 BSE Ltd., ISIN No.: INE199G01027 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN ‘Exchange Plaza’, Bandra Kurla Complex, ISIN No.: INE199G01027 Dalal Street, Bandra (E)
Slide 2: Q3FY23 Result Presentation
Jagran Prakashan Limited Q3FY23 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 “Geo-political conflicts and deteriorating global economic environment are not sparing even Indian economy which is facing challenges like high inflation and lack of jobs, weakening consumer demand in general. Media and Entertainment Industry thrives on di
Slide 5: Group Key Highlights
Group Key Highlights Growth Trajectory Strategic Integration of Revenue Growth Revenue growth Continues Radio, Digital & Non- Continues continues FCT drives growth • Cover price hikes across • Registered revenue all brands • Volume market share • Revenue and Profits growth of 7% on QoQ increased to
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX -6% +16% CONSOLIDATED 519 488 406 168 143 454 351 368 +10% +7% 86 82 67 68 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 OPERATING REVENUE OPERATING EXPENSES OPERATING
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 37.4% 24.9% 20.9% Leadership position remains intact -8% 340 127 294 315 Circulation Revenue grew by 5% and +7% 3% on YoY and QoQ basis respectively 73 66 driven by efforts to offset increase in newsprint cost Q3FY22 Q2FY23 Q3FY
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +6% -10% 308 90 93 95 277 +2% 254 +9% Sequential Growth of 9% in Ad Revenue Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 OPERATING PROFIT PROFIT BEFORE TAX 34.3% 21.7% 18.3% High Newsprint prices continued to impact operating 140 125 P
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES Enhanced liquidity Q3FY23 Digital revenue grew +8% -9% position at Rs. 288 by 25% on YoY basis and by 12% on QoQ basis 60 55 42 45 45 +2% Crores as on 31st 49 +12% December 2022 31% Revenue generated from Created Business - Rise in Volu
Slide 11: Digital Business Performance
Digital Business Performance JNM in the News/Information category OPERATING REVENUE OPERATING PROFIT reached out to ~75 Mn Print and Radio Digital Total Unique Visitors, -7% Revenue grew by 7% and 12% 24 8 respectively on QoQ basis 372 Mn Total Views, 422 22 21 +7% Mn Minutes Time spent* Flagship br
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT +14% -19% Outdoor & Events business reported 39 4 operating revenue growth of 14% on 35 +9% 34 YoY and 9% on QoQ basis 3 3 -4% Exceptional collection efforts continued and helped Outdoor and Event to collect more than Rs. 125
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +33% +8% 14 3 3 Cover price hikes across all editions 3 +5% 11 +22% 10 continues Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 Registered Strong Ad Revenue growth of 33% and Circulation OPERATING PROFIT PROFIT BEFORE TAX Revenue regi
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +8% -13% 38 13 13 33 12 0% 33 +2% Per copy realization increase continues across all brands on YoY basis Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 Q3FY23 OPERATING PROFIT PROFIT BEFORE TAX 13 10 Operating Profit impacted due
Slide 15: Financial Performance
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Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 107 302 415 105^ 226 101 102 102 FY18 FY19 FY20 FY23 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21 FY23 Distribution of ~ Rs. 450 crores as Distribution of ~ Rs. 1,200 crores Distribution of ~ Rs
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q3FY23 Q2FY23 Q3FY22 Operating Revenue* 17.56 14.89 14.29 Advertisement 13.75 11.32 10.30 Circulation 3.11 2.96 2.88 Other Operating Income 0.70 0.61 1.11 Expenses 16.65 15.28 14.87 Operating Profit 0.92 -0.39 -0.58 Operating Profit Margin 5.21%
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q3FY23 Q2FY23 Q3FY22 Operating Revenue 54.67 48.64 59.89 Expenses 45.34 44.58 42.11 Operating Profit 9.33 4.06 17.78 Operating Profit Margin 17.07% 8.35% 29.69% Other Income 5.21 4.83 3.88 Depreciation and Amortisation 8.18 8.23 8.20 Interest 0.53 0.
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q3FY23 Q2FY23 Q3FY22 Dainik Jagran* Operating Revenue 314.52 293.86 340.34 Operating Profit 65.71 73.24 127.44 Operating Margin 20.89% 24.92% 37.44% Other Publications* Operating Revenue 63.93 60.69 64.78 Operating Profit 3.46 3.86 12.39 Operating M
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q3FY23 Q3FY22 YoY Q2FY23 QoQ 9MFY23 9MFY22 YoY Operating Revenues 488.16 518.51 -6% 454.17 7% 1,396.80 1,191.36 17% Advertisement Revenue * 346.50 387.08 -10% 317.69 9% 969.11 840.45 15% Circulation Revenue 94.80 89.68 6% 92.62 2% 280.84 2
Slide 21: Group Introduction
Group Introduction Group Introduction
Slide 22: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print RIGHT mix of stability Undisputed LEADER: Strong GROWTH FASTEST growing and scalability: ✓ Dainik Jagran leads the IRS 2019 Potential: media: ✓ All businesses performed strongly Q4 rankings with a total despite high inflation, rise in readership
Slide 23: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 73.21% of Music Broadcast Limited Activation OOH (RadioCity) 22
Slide 24: 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) Jagran Amongst Top 10 News / Information 10 Category Publications 19 Digital Media Portals 5 Business Verticals Leading website Tr
Slide 25: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 24
Slide 26: Awards & Certifications
Awards & Certifications Radio City Team won • E4M Golden Mikes 2022 22 Awards • ‘India’s Best Company of the Year 2022’ award by Berkshire Media Recognizing Group’s leadership position in different fields of Midday Team won • Red Ink Award for Excellence in Indian Journalism operations, various dist
Slide 27: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya amitjaiswal@jagran.com Contact: +91 9920602034, Email: jigar.kavaiya@sgapl.net www.jplcorp.in www.sgapl.net