Hurriyet Gazetecilik Ve Matbaacilik A.s. · BIST:HURGZ
Hurriyet Gazetecilik Ve Matbaacilik A.s — Hürriyet Gazetecilik ve Matbaacılık A.Ş. — H1 2017 Earnings Presentation
19 slides from Hurriyet Gazetecilik Ve Matbaacilik A.s's earnings presentation, August 2017
Slide 1: Investor Presentation Aug 2017
Investor Presentation Aug, 2017
Slide 2: Notice
NOTICE This presentation does not constitute an offer or invitation to purchase or subscription for any securities and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The information contained in this document has not been independ
Slide 3: Hürriyet World: The Most Effective Platform Bringing Readers and Advertisers Together
HÜRRİYET WORLD: The Most Effective Platform Bringing Readers and Advertisers Together PRINT MEDIA: THE PIONEER OF THE TURKISH MEDIA DIGITAL CONTENT THE STRONGEST NAME IN DIGITAL CONTENT PUBLISHING IN TURKEY E BUSINESS ONE OF THE LEADERS OF DIGITAL CLASSIFIEDS OPERATIONS ABROAD TME –TRADER MEDIA EAST
Slide 4: 2017 First Half Highlights
2017 FIRST HALF HIGHLIGHTS Market leadership in circulation continues with +1pp increase in H1 2017 Decline in print revenues by -12%, below the print add market decline of -20% Profitable growth in Digital Content with 59% EBITDA Margin in H1 2017 Page views and number of visits increased 67% and 2
Slide 5: Total Ad Market
TOTAL AD MARKET Ad Market in Turkey (mn TL) Jun-17 Newspaper ad market decreased by 20% June June ▲yoy Market compared to H1 2016. YTD16 YTD17 Share TV 1.986 1.953 -2% 52% Hürriyet’s market share is 34.3% in total Internet 917 1.035 13% 27% Newspaper Ad Market. Newspaper 423 340 -20% 9% Intern
Slide 6: Newspaper Ad Market
NEWSPAPER AD MARKET Newspaper ad market decreased to 340 mio TL from 423 mio TL by 20% compared to H1 2016. Retail -5,5 83 mio TL decrease in newspaper Construction -13,1 ad market comes majorly form Social Ads-13,2 below sectors : Tourism -10,0 Construction: Media -1,1 -13 mio TL yoy decrease
Slide 7: Internet Ad Market: growth of 13%
INTERNET AD MARKET: Internet Ad Market growth of 29% CAGR in the last three years. In H1 2017 Internet ad market increased by 13% compared to last year, 17% growth in Digital excluding one-off impact of Radikal closure in 2016 which is above market growth of 13% due to successful performance o
Slide 8: Digital Content – Operational KPIs
DIGITAL CONTENT – OPERATIONAL KPIs Hürriyet Monthly Page View- Average Hürriyet Monthly Number of Visits- (million PV) Average (Session) (million visit) +67% +27% 1.705 197 1.023 155 2016 H1 2017 H1 2016 H1 2017 H1 There is 67% increase in page view There is double digit growth also in numbers i
Slide 9: Verticals – Operational KPIs
VERTICALS – OPERATIONAL KPIs In H1 2017 monthly In H1 2017 monthly In H1 2017 monthly average Page View average Page View average Page View is doubled to 185 million trippled to 24 million 10.2 million. compared to H1 2016. compared to H1 2016. 185 m 10.2 m 4.5 m 4.4 m 9
Slide 10: Verticals – Operational KPIs
VERTICALS – OPERATIONAL KPIs In H1 2017 monthly In H1 2017 monthly In H1 2017 monthly average Page View average Page View is 16 average Page View increased by 36 % to million increased by 22 % to 27.5 82million million 10
Slide 11: Circulation Market Share; 1pp increase
CIRCULATION MARKET SHARE; 1pp increase in Circulation market share Average Daily Newspaper Circulation (thousand units) Circulation Market Share (%) (January-June 2017) 5077 4914 4748 4508 + 1pp increase in market share -15% compared to H1 2016 3876 3634 3307 2012 2013 2014 2015 2016 H116 H117 Avera
Slide 12: Hürriyet Emlak @ a Glance
HÜRRİYET EMLAK @ a Glance The most reputable and known real estate classifieds brand in Turkey * Based on Future Bright Research Market Study in 2016 ~ 13 K Real ~ 7M monthly Estate Offices ~ 1M listings unique visitors with more than ~20M visits 40K consultants * As of Jan 2017 * As of Jan 2017, in
Slide 13: Consolidated Revenue – Revenue Growth YoY %
CONSOLIDATED REVENUE – Revenue Growth YoY % Consolidated -5.6% Print Media -12% Consolidated Revenue in H1 12% decline in print media, 2017 is 274 mTL, decreases lower than the print ad by 5.6% compared to H1 market decline(-19%) 2016. Digital Content +13% E- Business +47% 17% growth in Digi
Slide 14: Revenue – Breakdown by Segment
REVENUE – BREAKDOWN BY SEGMENT Share of Segments in Total Revenue Share of Segments in Total Revenue (January-June 2016) (January-June 2017) Other Other 5% Digital 6% Digital E- Business Content 8% Content 10% 7% E-Business +2 pp 10% Compared to H1 16 yoy +3 pp Compared to H1 16 yoy Print Media Prin
Slide 15: Segmented Financial Highlights
SEGMENTED FINANCIAL HIGHLIGHTS Consolidated Financials (mTL) Digital Content (mTL) H1 2016 H1 2017 ▲yoy H1 2016 H1 2017 ▲yoy Revenue 291 274 -6% Revenue 24 27 13% Costs (256) (258) 1% Costs (20) (17) -14% EBITDA 34 17 -52% EBITDA 4 10 143% EBITDA Margin % 12% 6% (4 pp) EBITDA Margin % 17% 36% 19 pp
Slide 16: Print Media Challenges & Initiatives
PRINT MEDIA CHALLENGES & INITIATIVES Thanks to the actions taken under «Fit for Growth Programme» , total costs stayed almost stable in H1 2017 versus last year despite to negative impacts of fx rates and inflation. CHALLENGES INITIATIVES ACTIONS Declining trend in circulation PRICE ADJUSTMENT U
Slide 17: Balance Sheet
BALANCE SHEET in mio TL 6/30/2017 12/31/2016 Total Cash 32 24 Investment Properties 220 228 Tangible Assets 124 130 Total Assets 874 934 Total Debt 312 288 Net Debt 280 263 Total Equity 355 417 Restructure of Loans Lower interest rates ranging between 11.64% and 13.01% , with 113 mTL short term, 1
Slide 18: 2017 Strategic Actions
2017 STRATEGIC ACTIONS Strategic Priorities 1 • 360 and Journalistic We focus on the brands and fields in which Focused we are strong while leaving the fields we Renewal Strategic Focus Points Growth are weak • Digital growth and revenue focus 2 With strengthening our fiscal structure, we • Revenue
Slide 19: More information available at investor relations
More information available at investor relations: Name Title Phone E-mail Nihan Sena HERTAŞ Investor Relations Manager +90 212 449 60 30 nshertas@hurriyet.com.tr Elif Özcan Investor Relations Specialist +90 212 449 60 88 elifozcan@hurriyet.com.tr 19
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