Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q4 FY2014 Earnings Presentation
23 slides from Jagran Prakashan's earnings presentation, 2014
Slide 1: Jagran Prakashan Limited (JPL) Result Update Presentation Q4 FY2014
Jagran Prakashan Limited (JPL) Result Update Presentation Q4 FY2014
Slide 2: 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 3: Consolidated Financials Highlights
Consolidated Financials Highlights Company Overview 3
Slide 4: Consolidated Annual Profitability Statement
Consolidated Annual Profitability Statement FY 13 : Consolidation effect of Rs. in Crores FY14 FY13 YoY Suvi Info (Naidunia) acquisition: Revenues 1,703 1,522 12% – Other Income of Rs. 95 Crs. Advertisement Revenue 1,186 1,053 & Rs. 3 Crs for Profit arising Circulation Revenue 359 315 on intra gro
Slide 5: Consolidated Quarterly Profitability Statement
Consolidated Quarterly Profitability Statement Rs. in Crores Q4 FY14 Q4 FY13 YoY FY 13 : Consolidation effect of Revenues 421 368 14.3% Suvi Info (Naidunia) acquisition: Advertisement Revenue 292 250 – Other Income of Rs. 95 Crs. & Rs. 3 Crs for Profit arising Circulation Revenue 89 79 on intra gr
Slide 6: Adjusted PBT & PAT
Adjusted PBT & PAT FY 2014 FY 2013 Growth Q4 FY 2014 Q4 FY 2013 Growth Profit Before Tax 305.7 255.2 19.8% 82.6 80.4 2.7% Add Forex loss / (Gain) 16.2 9.5 (4.5) (2.9) Less Exceptional items 25.8 45.0 25.8 45.0 Adjusted PBT 296.1 219.7 34.8% 52.3 32.5 60.6% Tax @ 26% (Effective tax rate Less 77.0 57.
Slide 7: Operating Margin break-up
Operating Margin break-up Publications (Rs. Crs) Q4 FY14 Q4 FY 13 FY14 FY13 Continued Operating Dainik Jagran Losses in Other Publications : Operating Revenue 312.7 272.94 1,258.0 1,127.6 – Mainly due to Operating Profit 91.1 79.78 413.4 345.6 Continued Investments in Operating margin 29.12% 29.23
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. in Crores March-14 March-13 Rs. in Crores March-14 March-13 Shareholder’s Fund 962 932 Non-current assets 1,095 1,124 Share capital 62 63 Fixed assets 672 677 Reserves & Surplus 899 869 Goodwill on consolidation 232 232 Minority Interest 1 1 Non-current investment 128
Slide 9: Reduction in Net Debt Position
Reduction in Net Debt Position Rs. Crs. Mar ’13 Mar’14 Net Debt - Equity Cash & Bank Balance 52.25 32.51 Investments * 192.29 325.11 722 681 0.35 0.18 Gross Cash Balance 244.54 357.62 Borrowings 484.0 489.6 Net Debt 239.4 132.0 * Investments includes Investment in Mutual Fund and ICDs - Net Debt inc
Slide 10: Improvement in RoCE
Improvement in RoCE Rs. Crs. Mar ’13 Mar’14 RoCE Adjusted Profit Before Tax 220 296 39% Add: Interest 31 35 27% EBIT 251 331 Capital Employed 920 854 Networth* 681 722 Net Borrowings 239 132 RoCE 27% 39% FY 2013 FY 2014 * Networth excluding intangible assets and Goodwill 10
Slide 11: Cash flow Highlights
Cash flow Highlights Rs. Crs. FY14 FY13 A Net Surplus/(Deficit) Generated from Operations 330.5 201.80 B Surplus / (Deficit ) from Investing Activities -169.8 -163.9 B1 Net CAPEX -49.72 -96.11 B2 Other Investing Activities -120.08 -67.79 C Surplus / (Deficit) from Financing Activities -188.4 -31.4 C
Slide 12: High Profit Sharing with Shareholders
High Profit Sharing with Shareholders 60% 53% 62% 49%* 56% ** 7.7 7.2 6.6 5.8 5.6 3.8 4.0 3.5 3.5 3.5 FY10 FY11 FY12 FY13 FY14 Payout DPS EPS * Including Buyback of Rs. 47.5 crores ** Includes Proposed Dividend of Rs. 3 per equity share 12
Slide 13: Company Overview
Consolidated Financials Highlights Company Overview 13
Slide 14: JPL: India's Media Conglomerate
JPL: India’s Media Conglomerate Hindi Publications Other Publications Dainik Jagran: Mid Day : Flagship Brand of the Group, Only Afternoon Paper of Mumbai No. 1 Daily of the Country with Highest Readership Others : Nai Dunia /Nav Dunia: Punjabi Jagran, Midday Gujarati, I-Next, Inquilab, City Plus, J
Slide 15: JPL… The Largest Read Print Media Group of India
JPL… The Largest Read Print Media Group of India 68 mn Readers 121 Editions, 15 States 12 Publications, 5 Languages Dainik Jagran: India’s #1 Daily Hindi Publications (Dainik Jagran I-Next: India’s only Bilingual Nai Dunia/Nav Dunia) Compact Daily Other Publications Mid-day: India’s #1 Afternoon Dai
Slide 16: … Growing across all parameters
… Growing across all parameters 2008 2014 Publications 5 12 States 12 15 Language 2 5 Readership 56 mn 68mn , Circulation (Daily) 2.8 mn 5.3 mn Source: IRS 2012 Q4 Circulation of Weekly, Fortnightly & Monthly Publications adjusted for Daily 16
Slide 17: Dainik Jagran… The Group's Flagship Brand
Dainik Jagran… The Group’s Flagship Brand India’s largest read daily Newspaper 56 mn Readers 38 Editions, 11 States Consistent Growth in circulation Quality of readership Most credible and trusted newspaper in # 1 with 11.7 mn readers in NCCS A India* Source: IRS 2012 Q4 * Source: Globescan survey c
Slide 18: Nai Dunia - expanding geographical reach
Nai Dunia - expanding geographical reach Strong local Hindi Daily in Madhya Pradesh & Chhattisgarh Advertising Revenue Circulation – Acquired in 2012 (Rs. Crores)^ (in 000)^ Madhya Pradesh & Chhattisgarh offers huge growth potential FY14 98 Mar-14 607 – Literacy rate of 62% FY13 75 Mar-13 505 –
Slide 19: Mid Day provides an entry in to three languages
Mid Day provides an entry in to three languages Mid-Day English Niche Afternoon Daily targeted as Focus on improving performance leisure read – Discontinue “Ad for Equity” deals 13 Lacs readers – Focus on improving Per copy realizations Re-launched to strengthen the youth focused strategy /
Slide 20: Other Publications
Other Publications Punjabi Jagran City Plus With a huge local language India’s No.1 Community Paper acceptance, Punjabi Jagran circulated across Mumbai, completes the bouquet in Delhi, Hyderabad, Banglore & Punjab Pune with 43 editions adding value to brand Jagran I-Next India’s first bilingua
Slide 21: Digital Portfolio offers huge growth potential
Digital Portfolio offers huge growth potential 7.4 mn unique visits 103 mn page views per month jagran.com - # 2 Hindi News Site jagranjosh.com - # 1 in Education Onlymyhealth.com - # 4 in Health Category # 39 Network Rank in the Country Content Sharing Leveraging Print Media leadership Readiness fo
Slide 22: Other Businesses
Other Businesses Activation Business OOH Business Core focus areas End to end OOH solutions – Brand Activations – Planning – Rural Marketing – Creative adaptations – Activation Auditing & Consulting – Data on traffic count – Retail & ISP – Post campaign results 22
Slide 23: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. Mr. Amit Jaiswal Mr. Gaurang Vasani / Mr. Jigar Kavaiya amitjaiswal@jagran.com vgaurang@sgapl.net / kjigar@sgapl.net www.jplcorp.in www.sgapl.net 23