Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q1 FY2017 Earnings Presentation
23 slides from Jagran Prakashan's earnings presentation, Aug 9, 2016
Slide 1: Q1FY17 Result Presentation
Q1FY17 Result Presentation 9th August 2016
Slide 2: Safe Harbour
Safe Harbour 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 sec
Slide 3: Chairman's Message
Chairman's Message I am pleased to report a consistently improving performance of all our three core businesses namely Print, Radio and Digital in Q1 FY 17. Dainik Jagran continued to deliver 30% plus operating margins. The company’s subsidiary, Midday Infomedia Limited delivered yet another quarter
Slide 4: We are Multi Media Player with Continued Leadership
We are MULTI MEDIA PLAYER with Continued Leadership 70+ YEARS LARGEST Trusted by millions India’s largest read for over 7 decades daily- Dainik Jagran 400+ 68 MILLION+ 37 5 Editions / Sub Readers Printing Facilities Business verticals Editions 10 39^ 19 Print publications Radio presence State Presen
Slide 5: Our Consistent Performance continues…
Our CONSISTENT PERFORMANCE continues… Operating Revenue Ad . Revenue* Operating Profit 558 Crs 411 Crs 155 Crs 18% 21% 15% Growth YoY Growth YoY Growth YoY Consolidated Figures Amount in Rs. *Represents Print, Radio & Digital Advertisement Revenue Radio City Consolidated from 11th June 2015 5
Slide 6: …with Operational Excellence
…with OPERATIONAL EXCELLENCE Key Businesses - Operating Profits Dainik Jagran Mid Day Nai Dunia Radio City 0.9 121.8 128.7 6.0 17.6 5.6 14.3 -0.1 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Dainik Jagran & Radio City continues to generate 30%+ Margins Amount in Rs. Crs 6
Slide 7: We generated Sustainable Ad. Revenue Growth...
We generated Sustainable Ad. Revenue Growth... Print Digital Radio +7.4% 350 +33.8% 7 +14.0% 56 321 +15.4% 303 6 43 46 +30.0% +79.1% 4 Q1FY15 Q1FY16 Q1FY17 Q1FY15 Q1FY16 Q1FY17 Q1FY15 Q1FY16 Q1FY17 Nearest Peers +3.8% +9.1% +7.8% +44.4% +19.0% +108.5% Q1FY15 Q1FY16 Q1FY17 Q1FY15 Q1FY16 Q1FY17 Q1FY15
Slide 8: ...Growing Operating Profit across Businesses
...GROWING Operating Profit across Businesses Performance based on IND AS Jagran Prakashan Ltd. Music Broadcast Ltd Midday Infomedia Ltd Others +195% +6% +23% +7% 0.04 123.3 130.4 17.6 5.6 6.0 14.3 -0.04 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Performance based on I GAAP +6%
Slide 9: ...Growing Net Profit across Businesses
...Growing Net Profit across Businesses Performance based on IND AS Jagran Prakashan Ltd. Music Broadcast Ltd* Midday Infomedia Ltd Others^ +5% +375% +12% +58% 70.2 73.8 7.2 3.2 2.8 -1.0 -2.6 -2.5 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Performance based on I GAAP +12% +583%
Slide 10: Our Key Consolidated Figures
Our Key Consolidated Figures* Rs. in Crs Q1 FY17 Q1 FY16 ^ YoY Operating Revenues 557.99 474.96 17.5% Advertisement Revenues** 411.26 339.38 21.2% Circulation Revenues 107.00 100.51 6.5% Other Operating Revenues 39.73 35.07 13.3% Operating Profit 154.59 134.13 15.3% * Unaudited and not subjected to
Slide 11: We have maintained Leadership Position in Print Business
We have maintained LEADERSHIP Position in Print Business 13 states 68 mn+ readers 400+ editions and sub editions Dainik Jagran is o Undisputed No. 1 - Sec A : with 11.7 mn readers in NCCS A o Most credible as per BBC-Reuters survey o Superbrand status for 4 consecutive years o Only Indian Newspaper
Slide 12: Our Print Business Performance
Our Print Business Performance Growth in advertisement revenue for Dainik Jagran was predominantly led by Ad. Revenue Operating Revenue Operating Profit improvement in yields as per expectations +9% +8% +5% Operating Profit registered a 349.9 468.3 129.7 136.7 321.0 433.3 lower growth due to front l
Slide 13: Our Radio Business is amongst Top 2 FM Players
Our RADIO BUSINESS is amongst TOP 2 FM Players 1st on dial* Over 45mn listeners 39 stations^ 1st in networking 1st in web radio No. 1 Radio City markets in Maharashtra are Mumbai, Amongst Top 2 FM players across footprint in Pune, Nagpur, Kolhapur, Nashik, Ahmednagar, network for last 14 quarters of
Slide 14: Radio business acquisition delivering Growth
RADIO business acquisition delivering GROWTH Amount in Rs. Crs Operating Revenue Operating Profit Profit Before Tax* +23% +23% +12% 55.9 17.6 11.0 9.8 45.5 14.3 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 * - Before Exceptional Item 14
Slide 15: We are Leaders in Digital - Jagran New Media Network
We are LEADERS in Digital - Jagran New Media Network ▸ #1 Language Media Group - 22.29 Million Unique Users (Web+Mobile) ▸ #1 Language Network on Web - 6.9 Million Uniques ▸ #1 Language Network on Mobile - 15.328 Million Uniques ▸ #1 Language Network - 725,000 Avg Daily Visitors (Web) ▸ #1 Education
Slide 16: We received increased Customer Preference for Digital
We received increased CUSTOMER PREFERENCE for DIGITAL Average Daily Visitors (‘000) – Digital Ad Revenue grew by 24% 725 – Continues its #1 position – Language Media Group – JagranJosh.com – Education Portal 536 – Jagran.com – Hindi News Portal 449 – Jagran digital network reached an average of – ~2
Slide 17: Our Digital Properties are #1
Our Digital Properties are #1 JAGRAN.COM JAGRANJOSH.COM o JagranJosh.com is the No. 1 Overall website in Education Category with over 9.5 Million Uniques & 73 Mn PV’s (Web + Mobile) o JNM Network is the No. 1 Language Media Group with over 22.29 Million Unique Users o JagranJosh.com is the No. 1 Mob
Slide 18: Sum of the Parts is Greater than Whole
Sum of the Parts is GREATER than WHOLE FY16 Financials Print Business Radio Business Operating Revenue : 1,809 Crs Operating Revenue : 227 Crs Operating Profit : 535.8 Crs Operating Profit : 77 Crs Profit After Tax : 277 Crs Operating Profit Margin : 34% EPS : 8.5 Profit Before Tax : 42.36 Crs BV of
Slide 19: Standalone Profitability Statement
Standalone Profitability Statement Rs. in Crs Q1 FY17 Q1 FY16 YoY Revenues 473.42 436.03 8.6% Advertisement Revenue 333.43 306.45 8.8% Circulation Revenue 100.33 94.48 6.2% Others 39.66 35.10 13.0% Raw Material 162.59 148.92 Manpower Cost 65.64 61.73 Other Operating Expenses 114.79 102.11 Operating
Slide 20: Financials of Midday
Financials of Midday Rs. in Crs Q1 FY17 Q1 FY16 YoY Revenues 29.36 26.82 9.5% Advertisement Revenue 22.01 20.26 8.6% Circulation Revenue 6.67 6.03 10.6% Others 0.68 0.53 28.3% Expenses 23.36 21.21 Operating Profit 6.00 5.61 7.0% Operating Profit Margin 20.45% 20.91% Other Income -0.05 0.08 Depreciat
Slide 21: Financials of Radio City
Financials of Radio City Rs. in Crs Q1 FY17 Q1 FY16 YoY Revenues 55.93 45.52 23.9% Expenses 38.30 31.19 Operating Profit 17.63 14.33 23.0% Operating Profit Margin 31.53% 31.49% Other Income 0.99 6.00 Depreciation & Amortization 4.08 3.82 Interest 3.52 6.68 Profit Before Tax (Before Exceptional item)
Slide 22: Operating Margin break-up
Operating Margin break-up Publications (Rs. Crs) Q1 FY17 Q1 FY16 Dainik Jagran* Operating Revenue 383.71 355.64 Operating Profit 128.75 121.77 Operating Margin 33.6% 34.2% Other publications* Operating Revenue 84.03 78.57 Operating Profit 7.04 6.42 Operating Margin 8.4% 8.2% Radio* Operating Revenue
Slide 23: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Strategic Growth Advisors Pvt. Ltd. Jagran Prakashan Ltd. CIN: U74140MH2010PTC204285 CIN: L22219UP1975PLC004147 Ms. Payal Dave / Mr. Jigar Kavaiya Mr. Amit Jaiswal dpayal@sgapl.net / kjigar@sgapl.net amitjaiswal@jagran.