Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q2 FY2023 Earnings Presentation
29 slides from Jagran Prakashan's earnings presentation, Nov 4, 2022
Slide 1: Stock exchange intimation letter
November 4, 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.: INE199G01027 Dalal Street, Bandra (E),
Slide 2: Q2FY23 Result Presentation
Jagran Prakashan Limited Q2FY23 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 pleased to report that the Company performed satisfactorily in an uncertain and volatile environment. While pandemic had been left behind and global economy was in recovery mode , ongoing war worsened inflation to a level not experienced by advanced
Slide 5: Group Key Highlights
Group Key Highlights Growth Trajectory Strong EBITDA growth Growing Business with Strong Revenue and Continues in H1FY23 focus on Profitability Operating Profit Growth • Continued growth in Ad • Maintained a strong • Registered revenue • Continue to surpass the Revenue on YoY and QoQ position with 1
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +13% +22% -15% -17% CONSOLIDATED 454 368 101 82 402 86 67 301 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +13% +24% -16% -
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 32.9% 24.9% +9% -18% 271 294 89 Leadership position remains intact 73 Continue to maintain operating margin of about 25% even after the adverse impact of steep increase in Q2FY22 Q2FY23 Q2FY22 Q2FY23 newsprint prices PROFIT BEFO
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +10% +5% 254 88 93 232 Strong Ad Revenue and Circulation Growth on YoY basis Q2FY22 Q2FY23 Q2FY22 Q2FY23 OPERATING PROFIT PROFIT BEFORE TAX 28.7% 21.7% Operating Profit impacted -17% -18% mainly due to High Newsprint 94 85 prices 77
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES +16% +19% 40% of the total clients Q2FY23 Digital revenue 48.6 44.6 and 37% of New clients grew by 60% over Q2FY22 42.0 37.5 on the Radio platform advertised on Radio City New Revenue Q2FY22 Q2FY23 Q2FY22 Q2FY23 Maintained a strong Oppo
Slide 11: Digital Business Performance
Digital Business Performance Jagran.com introduced OPERATING REVENUE OPERATING PROFIT Jagran Prime covering in JNM consolidated its video depth long form format presence by clocking 42 news reporting and +14% Million Video Views in successfully targeting factual 20.8 3.0 September’ 22** 2.9 and cred
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT Outdoor business reported operating revenue growth of 79% on YoY and +79% +727% reported operating profit for the fourth 35.3 3.4 consecutive quarter in a row 19.7 Exceptional collection efforts continued and helped Outdoor a
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +12% +6% Cover price hikes across all editions 11 3 3 10 continues Operations impacted due to multiple Q2FY22 Q2FY23 Q2FY22 Q2FY23 headwinds. Ad Revenue grew by 12% and Circulation Revenue grew by 6% OPERATING PROFIT PROFIT BEFOR
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +12% +12% 33 13 29 12 Per copy realization increased across all brands on YoY basis Q2FY22 Q2FY23 Q2FY22 Q2FY23 Naidunia and I-Next reported OPERATING PROFIT PROFIT BEFORE TAX strong growth in Ad Revenues as well as C
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) Q2FY23 Q1FY23 Q2FY22 Operating Revenue* 14.89 17.60 14.21 Advertisement 11.32 14.04 10.11 Circulation 2.96 2.89 2.79 Other Operating Income 0.61 0.67 1.31 Expenses 15.28 18.28 15.97 Operating Profit -0.39 --0.68 -1.76 Operating Profit Margin -2.
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q2FY23 Q1FY23 Q2FY22 Operating Revenue 48.64 44.14 42.04 Expenses 44.58 39.89 37.47 Operating Profit 4.06 4.25 4.57 Operating Profit Margin 8.35% 9.64% 10.86% Other Income 4.83 4.50 4.79 Depreciation and Amortisation 8.23 8.21 8.20 Interest 0.51 0.53
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q2FY23 Q1FY23 Q2FY22 Dainik Jagran* Operating Revenue 293.86 290.27 270.67 Operating Profit 73.24 68.16 89.22 Operating Margin 24.92% 23.48% 32.96% Other Publications* Operating Revenue 60.69 56.87 55.21 Operating Profit 3.86 -0.93 5.20 Operating Ma
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q2FY23 Q2FY22 YoY Q1FY23 QoQ H1FY23 H1FY22 YoY Operating Revenues 454.17 402.53 13% 454.47 0% 908.63 672.75 35% Advertisement Revenue * 317.69 287.73 10% 304.92 4% 622.61 453.37 37% Circulation Revenue 92.62 87.83 5% 93.42 -1% 186.04 172.2
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Crs) Sep-22 Mar-22 EQUITY AND LIABILITIES (Rs. In Crs) Sep-22 Mar-22 Non-current assets Equity Property, plant and equipment 361.20 382.05 Equity share capital 52.73 52.73 Right-of-use assets 89.61 84.40 Other equity 2,072.55 2,084.69 Capital work-in-progres
Slide 22: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Crs) H1FY23 H1FY22 Profit before income tax 121.89 70.15 Adjustments for: 53.23 45.80 Cash flow before Working Capital changes 175.12 115.95 Change in operating assets and liabilities 5.64 35.28 Cash generated from operations 180.76 151.23 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 strongly Q4 rankings with a total despite high inflation, rise in readership
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* 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 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 58 Awards upon the Group during the Quarter • ACEF Global Customer Engagement Forum • Experiential Marketing - Promotion / & Awards 2022 Jagran Solutions Team
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