Ht Media Limited · NSE:HTMEDIA
Ht Media — Q2 FY2021 Earnings Presentation
24 slides from Ht Media's earnings presentation, August 2020
Slide 1: HT Media Group Q2 FY 2020-21 Consolidated Financial Results
HT MEDIA GROUP Q2 FY 2020-21 Consolidated Financial Results 1
Slide 2: 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 3: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance Q2 20-21 4 Business Unit Performance Q2 20-21 6 Print 7 Print – English 9 Print – Hindi (HMVL) 11 Radio 13 Update on other matters 15 Annexures 20 3
Slide 4: Consolidated Performance Q2 2020-21
CONSOLIDATED PERFORMANCE Q2 2020-21 4
Slide 5: Consolidated Financial Summary
Consolidated Financial Summary CONSOLIDATED PERFORMANCE KEY HIGHLIGHTS Total Revenue Particulars (Rs Cr) Q2'20 Q2'21 YoY Q1'21 QoQ o YOY down by 47% YoY as Ad Total Revenue 569 302 -47% 239 27% spends are yet to reach LY levels o QoQ growth of 27% with EBITDA 69 -16 -122% -24 34% improvement acros
Slide 6: Business Unit Performance Q2 2020-21
BUSINESS UNIT PERFORMANCE Q2 2020-21 6
Slide 7: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 7
Slide 8: Print
Print FINANCIAL PERFORMANCE Particulars (Rs Cr) Q2'20 Q2'21 YoY Q1'21 QoQ Ad Revenue 342 162 -52% 85 91% Circulation Revenue 66 44 -34% 41 7% Operating Revenue 438 225 -49% 144 56% Operating EBITDA 48 -4 -108% -61 94% Op EBITDA margin (%) 11% -2% -42% KEY DRIVERS - Continued pressure on Ad yields an
Slide 9: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 9
Slide 10: Print – English
Print – English AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) YoY QoQ YoY QoQ -62% +112% -82% +37% 17 3 203 76 2 76 36 3 Q2'20 Q2'21 Q1'21 Q2'21 Q2'20 Q2'21 Q1'21 Q2'21 REVENUE DRIVERS - Softer Ad yields and Realization per copy Vs. last year - Both national and local advertising continue to be imp
Slide 11: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 11
Slide 12: Print – Hindi
Print – Hindi AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) YoY QoQ YoY QoQ -38% +76% -18% +5% 139 86 50 41 39 41 86 49 Q2'20 Q2'21 Q1'21 Q2'21 Q2'20 Q2'21 Q1'21 Q2'21 REVENUE DRIVERS - Softness in Ad and Circulation revenue on YoY basis on account of current economic environment + Realization per
Slide 13: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 13
Slide 14: Radio
Radio FINANCIAL PERFORMANCE Particulars (Rs Cr) Q2'20 Q2'21 YoY Q1'21 QoQ Operating Revenue 48 15 -68% 8 81% Operating EBITDA 0 -17 -25 PERFORMANCE DRIVERS - Ad yields and volume down as compared to last year, though have improved over last quarter + Growth in inventory utilization on a sequential b
Slide 15: Update on Other Matters
ZHT UPDATE ON OTHER MATTERS 15
Slide 16: Whistleblower (WB) Complaint – Radio Business
Whistleblower (WB) Complaint – Radio Business WB Complaint received alleging irregularities and potential misconduct in the radio business Further to preliminary investigations, a reputed law firm was engaged, which in turn engaged two leading accounting firms to undertake investigation A thor
Slide 17: Revision of Consolidated Results 19-20 – HT Media
Revision of Consolidated Results 19-20 – HT Media REVISION Reported FY Restated FY Particulars (Rs Cr) Change 19-20 19-20 Impact of findings of investigation Adjusting events after the BS date and before the signing date as prescribed Total Revenue 2,330 2,310 (21) under IndAS10 o Revisions for
Slide 18: Q&A
Q&A 1. To ask a question, Click on “Raise Hand” 2. On your turn, click on “Unmute Myself” 3. Ask your question 18
Slide 19: HT Media Group contact details
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 Saket Somani Ravi Gothwal htmedia@churchgatepartners.com 19
Slide 20: Annexures
ZHT ANNEXURES 20
Slide 21: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd Particulars (Rs Cr) Q2'20 Q2'21 YoY Q1'21 QoQ Operating Revenue 509 261 -49% 167 56% Other Income 60 42 -30% 72 -42% Total Revenue 569 302 -47% 239 27% Raw Materials & change in inventory 140 58 -59% 49 19% Employee Cost 113 80 -29% 93 -13% Other expenses 246 180 -27%
Slide 22: Consolidated Balance Sheet – HT Media Ltd
Consolidated Balance Sheet – HT Media Ltd As at 31 Mar'20 Particulars (Rs Cr) As at 30 Sep'20 ASSETS Non- current assets 1,369 Financial assets 1,345 461 Property, plant and equipment 421 1,186 Others 1,173 3,017 Total non-current assets 2,940 Current assets 141 Inventories 176 1,074 Financial asset
Slide 23: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (Rs Cr) Q2'20 Q2'21 YoY Q1'21 QoQ Operating Revenue 193 131 -32% 90 46% Other Income 29 24 -17% 49 -52% Total Revenue 221 155 -30% 139 11% Raw Materials & change in inventory 70 41 -41% 34 21% Employee Cost 32 32 1% 37 -13% Other expenses 7
Slide 24: Consolidated Balance sheet – Hindustan Media Ventures Ltd
Consolidated Balance sheet – Hindustan Media Ventures Ltd As at 31 Mar'20 Particulars (Rs Cr) As at 30 Sep'20 ASSETS Non- current assets 956 Financial assets 931 160 Property, plant and equipment 142 196 Others 242 1,312 Total non-current assets 1,315 Current assets 47 Inventories 54 220 Financial a