Ht Media Limited · NSE:HTMEDIA
Ht Media — Q2 FY2019 Earnings Presentation
25 slides from Ht Media's earnings presentation, Oct 29, 2018
Slide 1: Exchange intimation letter for results presentation
HT MEDIA LIMITED Regd . Office : Hindustan Times House = 1111F 18-20 , Kasturba Gandhi Marg New Delh i - 110001 Tel .· 66561234 Fax 66561270 w ww hindustantim es . c om E-mai l : corporated ept@h industant1mes .com CI N: L2212 1DL2002 PLC117874 Ref: HTML/CS/02/2018 29.10.2018 The Listing Department
Slide 2: HT Media Group Q2 FY 2018-19 Consolidated Financial Results
HT MEDIA GROUP Q2 FY 2018-19 Consolidated Financial Results 1
Slide 3: Cautionary Statements
Cautionary Statements Certain statements in this presentation may be forward-looking statements. Such forward looking statements are subject to risks and uncertainties like regulatory changes, local political and economic developments, technological risks and many other factors that could cause our
Slide 4: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 8 Print 9 Print – English 11 Print – Hindi (HMVL) 13 Radio 16 Annexures 20 3
Slide 5: Chairperson's Message
Chairperson’s Message Commenting on the results and performance, Mrs. Shobhana Bhartia, Chairperson and Editorial Director, HT Media Ltd and Hindustan Media Ventures Ltd said: “Print advertising is yet to see a revival on account of muted ad spends by national advertisers, further accentuated by the
Slide 6: Consolidated Performance
CONSOLIDATED PERFORMANCE ENHT
Slide 7: Highlights of the Quarter
Highlights of the Quarter Print Continued delay in revival of ad spends, particularly by national advertisers Ad revenue further impacted by base effect due to postponement of festive season to Q3’19 Vs spread out of festive season between Q2’18/Q3’18 last year Hindi circulation revenue growth
Slide 8: Financial Summary of the Quarter
Financial Summary of the Quarter (Rs Cr) Q2’18 Q2’19 Change % Operating Revenue 545 513 -32 -6% Operating EBITDA 95 (19) -115 -120% Op EBITDA margin (%) 18% -4% # PAT 66 (42) -108 -164% PAT margin (%) 11% -7% EPS (Rs per Share) 2.9 -1.8 -4.7 -164% Net Cash* 1,173 1,071 -102 -9% Note: All financials
Slide 9: Business Unit Performance
BUSINESS UNIT PERFORMANCE ENHT
Slide 10: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 9
Slide 11: Print
Print AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) -8% 4% 385 353 69 72 Q2’18 Q2’19 Q2’18 Q2’19 FINANCIAL PERFORMANCE (Rs Cr) Q2’18 Q2’19 Change % Operating Revenue 491 448 -43 -9% Operating EBITDA 115 8 -108 -93% Op EBITDA margin (%) 24% 2% Revival in circulation revenue even as advertising envir
Slide 12: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 11
Slide 13: Print – English
Print – English QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -10% -5% 228 206 19 18 Q2’18 Q2’19 Q2’18 Q2’19 REVENUE DRIVERS + Key Sectors like Government, Real Estate and E-Commerce reported ad revenue growth - Muted ad spends in Retail, Automobiles and Entertainment categories
Slide 14: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 13
Slide 15: Print – Hindi
Print – Hindi FINANCIAL SUMMARY (Rs Cr) Q2’18 Q2’19 Change % Operating Revenue 211 206 -5 -2% Operating EBITDA 45 8 -37 -82% Op EBITDA margin (%) 22% 4% PAT 44 13 -31 -70% PAT margin (%) 19% 6% EPS (Rs per Share) 6.0 1.8 -4.2 -70% Net Cash* 868 913 46 5% *As at 30th Sep 14
Slide 16: Print – Hindi
Print – Hindi QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -7% 8% 157 147 50 54 Q2’18 Q2’19 Q2’18 Q2’19 REVENUE DRIVERS + Government, Real Estate and Medical, Health & Fitness sectors witnessed traction in ad revenue + Circulation revenue growth on both YoY and sequential basis
Slide 17: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 16
Slide 18: Radio
Radio FINANCIAL PERFORMANCE (Rs Cr) Q2’18 Q2’19 Change % Operating Revenue 42 47 4 11% Operating EBITDA 12 14 2 17% Op EBITDA margin (%) 29% 31% EBIT 3 5 2 56% EBIT margin (%) 8% 12% PERFORMANCE DRIVERS + Robust revenue growth in both existing and new stations + Operating leverage continues to drive
Slide 19: Q&A Dial-in number for Q&A
Q&A Dial-in number for Q&A +91 22 7115 8103 +91 22 6280 1202 18
Slide 20: HT Media Group
HT Media Group Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Amit Madaan Sankalp Raghuvanshi IR@hindustantimes.com +91 11 6656 1605 Saket Somani Ravi Gothwal htmedia@churchgatepartners.com +91 22 6169 5988 19
Slide 21: Annexures
ENHT ANNEXURES 20
Slide 22: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q2’18 Q2’19 Q1'19 (%) (%) Operating Revenue 545 513 -6% 542 -5% Raw Materials & change in inventory 159 188 18% 187 0% Employee Cost 87 99 14% 75 33% Other expenses 203 245 21% 245 0% Operating EBITDA 95 -19 -120% 36 -154%
Slide 23: Consolidated Balance sheet – HT Media Ltd
Consolidated Balance sheet – HT Media Ltd (Rs Cr) As at 30 Sep'18 As at 31 Mar'18 A ASSETS 1 Non- current assets Financial assets 1,139 1,838 Property, plant and equipment 573 539 Others 984 1,036 Total non-current assets 2,696 3,413 2 Current assets Inventories 188 125 Financial assets 2,279 1,331
Slide 24: P&L – Hindustan Media Ventures Ltd
P&L – Hindustan Media Ventures Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q2’18 Q2’19 Q1'19 (%) (%) Operating Revenue 211 206 -2% 227 -9% Raw Materials & change in inventory 87 99 14% 106 -7% Employee Cost 23 27 16% 28 -5% Other expenses 55 71 30% 73 -2% Operating EBITDA 45 8 -82% 19 -57% Mar
Slide 25: Consolidated Balance sheet – Hindustan Media Ventures Ltd
Consolidated Balance sheet – Hindustan Media Ventures Ltd (Rs Cr) As at 30 Sep'18 As at 31 Mar'18 A ASSETS 1 Non- current assets Financial assets 584 683 Property, plant and equipment 207 156 Others 84 97 Total non-current assets 876 936 2 Current assets Inventories 53 49 Financial assets 828 653 Ot