Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q1 FY23 Earnings Presentation
29 slides from Jagran Prakashan's earnings presentation, Aug 6, 2022
Slide 1: Intimation to Stock Exchange - Investor Presentation
~ THE WORLD'S LARGEST READ DAILY Jagran August 6, 2022 To, Manager-CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN 'Exchange Plaza', Bandra Kurla Complex, ISIN No.:
Slide 2: Q1FY23 Result Presentation
Jagran Prakashan Limited Q1FY23 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 “I am happy to report that the Company maintained the trend of recovery of lost revenues since the break-out of the pandemic even though the consumption continues to remain subdued. High inflation and record high newsprint costs have impacted the profitabi
Slide 5: Group Key Highlights
Group Key Highlights Growth Trajectory Strong EBITDA growth Robust Revenue Growth Strong Revenue and Continues led by Operating Operating Profit Growth Leverage • Surpassed the pre- • Strong growth in Ad as pandemic revenues and well as circulation • Maintained a strong • Registered revenue profits
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +68% +43% +1,235% 54 CONSOLIDATED 454 377 77 265 270 6 -11 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +62% +46% +210% +23
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 13.0% 23.5% +55% +180% 290 68 Leadership position remains intact even without increase circulation 187 24 Registered operating margin of about 25% even after the adverse impact Q1FY22 Q1FY23 Q1FY22 Q1FY23 of steep increase in ne
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +83% +11% 246 93 84 Strong Revenue and Circulation Growth on YoY as well as QoQ 134 basis Q1FY22 Q1FY23 Q1FY22 Q1FY23 OPERATING PROFIT PROFIT BEFORE TAX 8.7% 19.2% +244% +312% Operating Margin close to pre- COVID levels 67 55 19 13
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES +116% +18% 38% of the total clients Q1FY23 Digital revenue 44 40 and 30% of New clients grew by 169% over Q1FY22 34 on the Radio platform advertised on Radio City 20 New Revenue Q1FY22 Q1FY23 Q1FY22 Q1FY23 Maintained a strong Opportunit
Slide 11: Digital Business Performance
Digital Business Performance JNM consolidated its video OPERATING REVENUE OPERATING PROFIT Flagship brand, Jagran.com presence by clocking 67 clocked a reach of 44.61 Million Video Views in +44% Million unique visitors* June’ 22** 18 1 12 Registered revenue growth Consolidated its position of 44% in
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT Outdoor business reported operating revenue growth of 210% on YoY and +216% reported operating profit for the third 48 5 consecutive quarter in a row Event business witnessed a growth of 15 more than 230% YoY and recorded an
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +213% +3% Cover price hikes across all editions 14 3 3 continues 4 Operations impacted due to multiple Q1FY22 Q1FY23 Q1FY22 Q1FY23 headwinds. Revenue grew by 130% and reduced operating losses to Rs. 90 lakhs from Rs. 4 crores on
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +44% +30% 26 13 10 18 Per copy realization increased across all brands on YoY basis Naidunia reported strong growth in Q1FY22 Q1FY23 Q1FY22 Q1FY23 Revenues and circulation as well as per copy realization OPERATING PRO
Slide 15: Financial Performance
Financial Performance 14
Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Paid Buyback Total Distribution to Shareholders 125 351 458 112 107 302 415 226 101 102 102 FY18 FY19 FY20 FY18 FY19 FY20 FY21* FY18 FY19 FY20 FY21* Distributed ~ Rs. 856 crores through Distributed ~ Rs. 1,201 crores in form of Distributed ~ Rs. 345 crores as di
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q1FY23 Q4FY22 Q1FY22 Operating Revenue* 17.60 13.09 7.67 Advertisement 14.04 9.59 4.49 Circulation 2.89 2.84 2.81 Other Operating Income 0.67 0.66 0.36 Expenses 18.28 15.41 12.21 Operating Profit --0.68 --2.32 -4.55 Operating Profit Margin -3.88
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q1FY23 Q4FY22 Q1FY22 Operating Revenue 44.14 46.02 20.48 Expenses 39.89 44.13 33.68 Operating Profit 4.25 1.89 -13.21 Operating Profit Margin 9.64% 4.11% -64.49% Other Income 4.50 4.25 3.88 Depreciation and Amortisation 8.21 8.16 8.19 Interest 0.53 0
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q1FY23 Q4FY22 Q1FY22 Dainik Jagran* Operating Revenue 290.27 280.20 187.19 Operating Profit 68.16 82.51 24.31 Operating Margin 23.48% 29.45% 12.99% Other Publications* Operating Revenue 56.87 54.81 35.90 Operating Profit -0.93 4.10 -4.48 Operating M
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q1FY23 Q1FY22 YoY Q4FY22 QoQ FY22 FY21 YoY Operating Revenues 454.47 270.32 68% 424.59 7% 1,615.95 1,289.19 25% Advertisement Revenue * 304.92 165.64 84% 298.10 2% 1,138.55 885.98 29% Circulation Revenue 93.42 84.37 11% 89.76 4% 351.64 324
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Crs) Mar-22 Mar-21 EQUITY AND LIABILITIES (Rs. In Crs) Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 382.05 441.55 Equity share capital 52.73 55.64 Right-of-use assets 84.40 61.61 Other equity 2,084.69 1,939.67 Capital work-in-progres
Slide 22: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Crs) FY22 FY21 Profit before income tax 282.21 107.17 Adjustments for: 115.86 149.77 Cash flow before Working Capital changes 398.07 256.96 Change in operating assets and liabilities 22.31 132.17 Cash generated from operations 420.41 389.13 Income
Slide 23: Group Introduction
Group Introduction Group Introduction
Slide 24: 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 Q4 rankings with a total incredibly in the midst of negative ✓ Registered a r
Slide 25: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 73.21% of Music Broadcast Limited Activation OOH (RadioCity) 24
Slide 26: 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 Amongst Top 10 News / Information 10 Category Publications 15 Digital Media Portals 5 Business Verticals Leading website Tr
Slide 27: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 26
Slide 28: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed 51 Awards upon the Group during the Quarter • Global Media Awards, INMA • ACEF Awards Dainik Jagran Team • Asian Media Awards, WAN IFRA Radio City Team won •
Slide 29: 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