Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Singapore Press Holdings — Q1 2018 Earnings Presentation

14 slides from Singapore Exchange's earnings presentation, Jan 12, 2018

  1. Slide 1: Singapore Press Holdings 1Q 2018 Financial Results

    Singapore Press Holdings Limited 1Q 2018 Financial Results 12 January 2018

  2. Slide 2: ! "# $ % " & &' ( ( ' ) *( ( !

    ! "# $ % " & &' ( ( ' ) *( ( ! ( ) + ) ( & "# , " ' 2

  3. Slide 3: # ) $ + ( ! !" # $ %& ' ( • -)

    # ) $ + ( ! !" # $ %& ' ( • -) ) !' ) ./ 0 • 1! ' ) ! ) ./ 0 ) * • 2 ( ' ! ( 3 4 ' • 1 & ( )! & 3

  4. Slide 4: ) .$/ &0 # ) $ + * + ) "# ( "# !

    ) .$/ &0 1 # ) $ + * + ) "# ( "# ! 2 3 !2" % ' ( • 5 ) !' ' '+ ) &+' 6 6 ) ! ) ! • 76 ) & 6 !( ) * • 2 ( ' ! • 1 & ! + * (, - • 2 ( ) ' • 8 ' !( ( ) ' • 3 )' ! 4

  5. Slide 5: Media Advertisement Revenue Composition

    Operating Revenue Composition Media (S$258.8m) Advertisement Revenue Composition (S$121m) 14.5% 20.6% 23.7% 24.8% 54.6% 46.7% 15.1% Advertisements (Media) Display Circulation Classified* Rental & Services Magazines & Others Other revenue * Classified includes Recruitment and Notices 5

  6. Slide 6: Newspaper Ad Revenue Y-O-Y Change (%)

    4( ( - ( 5.0% Newspaper Ad Revenue Y-O-Y Change (%) 0.0% -5.0% -10.0% -12.5% -15.0% -16.6% -16.3% -18.5% -18.0% -17.9% -17.9% -20.0% -18.7% -18.4% -19.3% -18.6% -20.2% -21.5% -21.5% -21.6% -25.0% 2Q 2017 3Q 2017 4Q 2017 FY2017 1Q 2018 Display Classified* Newspaper Ad * Classified includes Recruitmen

  7. Slide 7: Daily Average Newspaper Circulation

    - ( 0* ( '000 Daily Average Newspaper Circulation 400 350 300 250 200 150 100 50 0 The Straits The Lianhe Lianhe Shin Min Berita Tamil Times/ The Business Zaobao Wanbao Daily News Harian/ Murasu/ Sunday Times Berita Tamil Times Minggu Murasu Sunday 1Q 2018 (Print) 1Q 2018 (Digital) 1Q 2017 (Print) 1

  8. Slide 8: 1Q 2018 Operating Expenditure Cost Composition

    % 1Q 2018 Operating Expenditure Cost Composition ./4 (S$199m) " 6 4.4% 5.4% 20.6% 13.6% ( $ ) ! ! . ! 4.1% $ ! 8.9% 43.0% 9 ! Newsprint Other Materials, Production & Distribution Costs ( % Staff Costs Premises Costs 8 ! ! Depreciation Other Operating Expenses : , !' ) ) !( ! ./ Finance Costs : , !'

  9. Slide 9: ( )! )=" & ; . ./> ;2 )! %!' ) ! ) !<

    ( 2 )! )=" & ; . 1 ./> ;2 )! %!' ) ! ) 6 !< -!( ) 0( )! ) ! - ( )! , 9

  10. Slide 10: Average Newsprint Charge-Out Price & Monthly Consumption

    5 6 Average Newsprint Charge-Out Price & US$ MT Monthly Consumption 525 6,500 500 490 486 487 484 6,000 475 5,769 5,835 5,714 450 5,500 5,367 425 400 5,000 2Q 2017 3Q 2017 4Q 2017 1Q 2018 LHS - Prices RHS - Avg Mthly Consumption 10

  11. Slide 11: Recurring Earnings and Operating Margin

    7 * - (S$'m) Recurring Earnings and Operating Margin 160 45.0% 140 40.0% 35.0% 120 30.0% 100 25.0% 80 20.0% 60 15.0% 40 10.0% 20 5.0% 0 0.0% 1Q 2014 1Q 2015 1Q 2016 1Q 2017 1Q 2018 Operating Profit Operating Margin 11

  12. Slide 12: () * - • " $ + ! "$ ./ • -' ' '

    () * - • " $ + ! "$ 6 0 ./ • -' ' ' '! ) ! ! 12

  13. Slide 13: Group Investible Fund

    0 ( Group Investible Fund (S$1.2b) • 1 ! ) ' '! ! ) 24.4% 37.3% ! ' • 5 % ! ) & 3.9% 34.4% ! 6 ( ' 6 ?= ' Equities Bonds ' '+ Investment Funds Cash and deposits (As at 30 November 2017) 13

  14. Slide 14: Thank you

    Thank you Please visit www.soh.com.sg for more information.

Singapore Press Holdings — Q1 2018 Earnings Presentation on 6ix