Hindustan Media Ventures Limited · NSE:HMVL
Hindustan Media Ventures — Q3 FY2023-24 Earnings Presentation
23 slides from Hindustan Media Ventures's earnings presentation, Jan 19, 2024
Slide 1: Exchange filing letter for Q3 results presentation
19th January, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C-1, Block G, Mumbai - 400 001 Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip Code: 533217 Trading Symbol: HMVL Sub: Presentation on the Un-A
Slide 2: HT Media Group Q3 FY 2023-24 Consolidated Financial Results
HT MEDIA GROUP Q3 FY 2023-24 Consolidated Financial Results
Slide 3: 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 4: Chairperson’s Message
Chairperson’s Message “The third quarter of the current fiscal year saw the festive season across the country, the Cricket World Cup, and also assembly elections in several states. As a result, overall business sentiment remained upbeat, supported by a moderating trend in general inflation and conti
Slide 5: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 7 Print 8 Print – English 10 Print – Hindi (HMVL) 12 Radio 14 Digital 16 Annexures 20 4
Slide 6: Consolidated Performance
CONSOLIDATED PERFORMANCE 5
Slide 7: Consolidated Financial Summary
Consolidated Financial Summary Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Total Revenue 488 486 0% 427 14% 1 EBITDA 28 29 2% (0) nm EBITDA margin (%) 6% 6% 0% PBT1 (30) (22) 29% (50) 57% PBT margin (%) -6% -4% -12% Net Cash2 854 754 -12% 821 -8% 1 EBITDA and PBT are before exceptional items 2
Slide 8: Business Unit Performance
BUSINESS UNIT PERFORMANCE 7
Slide 9: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 8
Slide 10: Print
Print FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Ad Revenue 284 283 0% 244 16% Circulation Revenue 60 58 -2% 61 -5% Operating Revenue 368 363 -2% 324 12% Operating EBITDA (4) 26 766% (0) 8739% Op EBITDA margin (%) -1% 7% 0% KEY HIGHLIGHTS ▪ Good sequential growth in Ad r
Slide 11: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 10
Slide 12: Print – English
Print – English AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr) YoY QoQ YoY QoQ -1% +20% +14% +0% 17 17 17 160 158 158 15 132 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 KEY HIGHLIGHTS ▪ Ad Revenue - Volume led revenue growth with robust growth in Retail, Real Estate and Auto categories
Slide 13: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 12
Slide 14: Print – Hindi
Print – Hindi AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr) YoY QoQ YoY QoQ +1% +11% -7% -6% 123 124 124 112 45 41 44 41 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 KEY HIGHLIGHTS ▪ Given festive quarter, boost in advertising volumes from sectors such as FMCG, Retail, Auto, Real Estat
Slide 15: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 16: Radio
Radio FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Operating Revenue 42 40 -4% 35 12% Operating EBITDA 7 3 -61% 1 151% Op EBITDA Margin (%) 17% 7% 3% KEY HIGHLIGHTS ▪ Versus last year, decline led by FCT Revenue ▪ Sequentially, revenue improvement and margin expansion is o
Slide 17: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 18: Digital
Digital FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Operating Revenue 29 39 34% 36 8% Operating EBITDA (23) (34) -51% (21) -61% Op EBITDA Margin (%) -78% -88% -59% KEY HIGHLIGHTS ▪ All sub-verticals have demonstrated revenue growth over previous year ▪ Loss on account of
Slide 19: 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 20: HT Media Group contact details
HT Media Group Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Aaditya Mulani IR@hindustantimes.com Anvita Raghuram htmedia@churchgatepartners.com 19
Slide 21: Annexures
ANNEXURES 20
Slide 22: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Operating Revenue 440 443 1% 394 12% Other Income 48 44 -9% 33 32% Total Revenue 488 486 0% 427 14% Raw Materials & Change in Inventory 157 122 -23% 125 -3% Employee Cost 94 104 10% 101 2% Other expenses 209 233 11% 20
Slide 23: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (INR cr) Q3FY23 Q3FY24 YoY Q2FY24 QoQ Operating Revenue 182 183 1% 165 11% Other Income 26 24 -9% 22 7% Total Revenue 207 207 0% 187 11% Raw Materials & Change in Inventory 78 61 -22% 64 -5% Employee Cost 40 42 5% 41 3% Other expenses 78 95
Hindustan Media Ventures — Q3 FY2023-24 Earnings Presentation on 6ix