Ht Media Limited · NSE:HTMEDIA
Ht Media — Q1 FY2023-24 Earnings Presentation
23 slides from Ht Media's earnings presentation, Jul 28, 2023
Slide 1: Exchange filing cover letter for Q1 results presentation
28th July 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532662 Trading Symbol: HTMEDIA Sub: Presentation on the Un-Audited Financial Result
Slide 2: HT Media Group Q1 FY 2023-24 Consolidated Financial Results
HT MEDIA GROUP Q1 FY 2023-24 Consolidated Financial Results 1
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 “Overall, our performance in Q1 23-24 has seen an improvement. While revenue is muted, profitability has expanded on the back of continued streamlining of costs and easing of commodity prices. Circulation and Advertising grew on a year-on-year basis in Print, while in Radio, no
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) Q1FY23 Q1FY24 YoY Q4FY23 QoQ Total Revenue 432 445 3% 494 -10% 1 EBITDA (18) 27 251% 14 88% EBITDA margin (%) -4% 6% 3% PBT (65) (21) 68% (34) 39% PBT margin (%) -15% -5% -7% Net Cash2 936 902 -4% 935 -4% 1 EBITDA before exceptional items 2 Balance
Slide 8: Business Unit Performance
BUSINESS UNIT PERFORMANCE 7
Slide 9: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 8
Slide 10: Print
Print FINANCIAL PERFORMANCE Particulars (INR cr) Q1FY23 Q1FY24 YoY Q4FY23 QoQ Ad Revenue 240 244 2% 269 -9% Circulation Revenue 58 60 4% 60 1% Operating Revenue 348 324 -7% 374 -13% Operating EBITDA 2 2 -2% 15 -88% Op EBITDA margin (%) 1% 1% 4% KEY HIGHLIGHTS ▪ Ad revenue growth for the quarter on y
Slide 11: Print – English
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 +2% -16% +53% -2% 127 130 16 16 16 154 130 10 Q1FY23 Q1FY24 Q4FY23 Q1FY24 Q1FY23 Q1FY24 Q4FY23 Q1FY24 KEY HIGHLIGHTS ▪ Ad revenue grew on y-o-y basis, as categories such as, Education, Retail and Real Estate grew while
Slide 13: Print – Hindi
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 +2% -1% -6% +2% 113 115 116 115 48 45 44 45 Q1FY23 Q1FY24 Q4FY23 Q1FY24 Q1FY23 Q1FY24 Q4FY23 Q1FY24 KEY HIGHLIGHTS ▪ For the quarter, ad revenue grew y-o-y primarily supported by higher ad volumes. ▪ On y-o-y basis, categ
Slide 15: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 16: Radio
Radio FINANCIAL PERFORMANCE Particulars (INR cr) Q1FY23 Q1FY24 YoY Q4FY23 QoQ Operating Revenue 33 35 4% 36 -5% Operating EBITDA 2 2 40% (3) 182% Op EBITDA Margin (%) 5% 6% -7% KEY HIGHLIGHTS ▪ Revenue growth on y-o-y basis led by non-FCT segment. ▪ Operating EBITDA has improved from same quarter la
Slide 17: Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 18: Digital
Digital FINANCIAL PERFORMANCE Particulars (INR cr) Q1FY23 Q1FY24 YoY Q4FY23 QoQ Operating Revenue 39 36 -9% 32 13% Operating EBITDA (9) (17) -101% (22) 24% Op EBITDA Margin (%) -22% -48% -71% KEY HIGHLIGHTS ▪ Q-o-Q revenue growth with improvement across all business segments in Digital. ▪ Increase i
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 Kanika Malik 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) Q1FY23 Q1FY24 YoY Q4FY23 YoY Operating Revenue 420 393 -6% 441 -11% Other Income 12 52 347% 53 -2% Total Revenue 432 445 3% 494 -10% Raw Materials & Change in Inventory 147 135 -8% 143 -6% Employee Cost 106 98 -8% 98 -1% Other expenses 196 186 -5%
Slide 23: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (INR cr) Q1FY23 Q1FY24 YoY Q4FY23 YoY Operating Revenue 168 169 0% 188 -10% Other Income 2 31 1580% 29 8% Total Revenue 170 200 18% 217 -8% Raw Materials & Change in Inventory 82 70 -14% 70 0% Employee Cost 43 39 -8% 37 6% Other expenses 73