Db Corp. Ltd. · NSE:DBCORP
Db — Citi Investor Conference 2019
26 slides from Db's conference presentation, June 2019
Slide 1: D B Corp Ltd. Investor Presentation
D B Corp Ltd. Investor Presentation June 2019 VALUES – Trendsetting | Result-oriented | Analytical | Connected 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dainik Bhaskar Group (DB Corp Ltd.) about its business and the industry
Slide 3: Indian Media & Entertainment Industry
Indian Media & Entertainment Industry Media Sector – Strong & Consistent Growth (INR bn) 1674 1262 1473 1026 1157 918 2013 2014 2015 2016 2017 2018 • M&E industry size was Rs. 1674 bn in 2018, which grew by 13% over 2017. • Expected CAGR growth is 12% till 2021. Media Spend as % of GDP 0.88% 0.70% 0
Slide 4: Consistent Higher % Growth of Indian Language Newspapers
Consistent Higher % Growth of Indian Language Newspapers • Print is growing at an incredible 4.87% CAGR over a 10 year period from 2006 to 2016. • Absolute Hindi copies per day increased by 1.39 cr to 2.45 cr in 2016 from 1.06 cr copies in 2006. Hindi 8.76% Telgu 8.28% Kannada 6.40% Tamil 5.51% Mala
Slide 5: Insights – Indian Readership Survey 2019 Q1
Insights – Indian Readership Survey 2019 Q1 Readership Base Continues to Expand Read in Last 1 Month (in crs) Increase Growth All India In Readers (%) IRS 2017 IRS 2019 Q1 (crs) Any Dailies 40.7 42.5 +1.8 Cr 4.6% Any Hindi Dailies 17.6 18.6 +1.0 Cr 5.3% Dainik Bhaskar 4.6 5.3 +0.6 Cr 13.9% Any Reg
Slide 6: Readership Base Expands Across Demographic Age Groups
Readership Base Expands Across Demographic Age Groups TR 12 – 15 YRS 16 – 19 YRS 20 – 29 YRS 30 – 39 YRS 40 – 49 YRS 50+ YRS Increase Growth Increase Growth Increase Growth Increase Growth Increase Growth Increase Growth (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) Any Dailies 2
Slide 7: Headroom for Print Growth
Headroom for Print Growth 80 Cr 19 Cr Can Read Population Any Publication Source: IRS 2019 Q1 | Urban + Rural 77
Slide 8: Urban India's #1 Newspaper Group
Dainik Bhaskar Group is Urban India’s #1 Newspaper Group IRS 2019 Q1 AIR – URBAN | Main + Variant | Excluding Financial Dailies Dainik Bhaskar The Group Times Dainik of India Jagran 13.2 Mn. Group Group Readers 12.7 Mn. 11.4 Mn. Readers Readers Dainik Bhaskar Group : Dainik Bhaskar (Main + Variant)
Slide 9: Dainik Bhaskar has the largest NCCS-AB and NCCS-A readers in Urban India
Dainik Bhaskar has the largest NCCS-AB and NCCS-A; readers in Urban India 7.73 Mn. 5.18 Mn. 6.96 Mn. 4.77 Mn. 5.47 Mn 4.76 Mn Dainik Bhaskar Dainik Jagran The Times of India NCCS AB NCCS A (Readership) Source : IRS 2019 Q1 | AIR – URBAN Source: IRS 2017 AIR-URBAN | Excluding Financial Dailies 9
Slide 10: Dainik Bhaskar is largest circulated daily, as per ABC July – Dec'18
Dainik Bhaskar is largest circulated daily, as per Audit Bureau of Circulation July – Dec’18 No. of copies 43.21 lakhs (Main + Variant) 34.10 lakhs 30.30 lakhs 23.70 lakhs 20.67 lakhs Dainik Bhaskar Dainik Jagran The Times of India Malayala Manorama Amar Ujala (Hindi) (Hindi) (English) (Malayalam) (
Slide 11: Key Findings Readership & Circulation
Key Findings Readership & Circulation Dainik Bhaskar’s well-implemented Circulation expansion strategy has delivered strong results on account of increased market share. • A focussed and well-executed Circulation expansion strategy has delivered excellent readership results which are recently publis
Slide 12: DB Corp Markets
DB Corp Markets Madhya Pradesh Dominant Chhattisgarh Dominant Haryana Dominant Chandigarh Dominant Rajasthan Largest Circulated Newspaper of overall Rajasthan Leader in Ahmedabad Gujarat Close No.2 in top 6 cities of Gujarat Now Close No.2 Bihar Further investing in copies for overall leadership Pun
Slide 13: D B Corp Ltd - The Largest Print Media Company In India
D B Corp Ltd - The Largest Print Media Company In India Major Business Brands Hindi Newspaper 11 States, 46 Editions Gujarati Newspaper 2 States, 9 Editions Marathi Newspaper 1 State, 6 Editions FM Radio Network 7 States, 30 Stations Digital & Mobile 9 Portals & 4 Apps 13 13
Slide 14: Current Focus - Editorial Direction
Current Focus - Editorial Direction I Q4 FY 19 : Update on Editorial Kendra Mein Pathak • Launched new readers' engagement scheme ‘Run II Banao Karodon Ke Inaam Paao’ to encash the ensuing cricket season. Knowledge Content to enrich the reader • Launched ‘Mahabharat 2019’, an exclusive drive at Pan-
Slide 15: Focused, Strong Brands For Digital Audiences
Focused, Strong Brands For Digital Audiences Dainikbhas Jeevanma kar.com Divyabhas ntra.in kar.co.in Dbpost.co Divyamara m thi.com bhaskared Bollywood ucation.co m 9 Portals bhaskar.co m 4 APPS Homeonlin Moneybha e.com skar.com Dainik FirstWall Bhaskar + APP Mobile Dainik Divya APP Bhaskar Bhaskar E
Slide 16: Digital Snapshot
Digital Snapshot • Digital Revenue (Rs. mn) 305 460 567 529 487 161 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 • www.bhaskar.com - the largest Hindi News Website continues to secure the No. 1 spot in Hindi News • www.divyabhaskar.com - continues to remain #1 Gujarati website • Digital business
Slide 17: Radio Business
Radio Business Launched in 2006, 94.3 MY FM operates from 30 stations in 7 states 94.3 MY FM continues to be no.1. in markets of Madhya Pradesh, Chhattisgarh and Rajasthan and largest network in Chandigarh, Punjab and Haryana. Radio Phase 3 stations become profitable: Turned EBIDTA positive, f
Slide 18: Radio Snapshot
Radio Snapshot Total Revenue (Rs. mn) 1549 1273 1354 1076 801 960 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 EBIDTA Revenue (Rs.mn) & its Margin (%) 478 525 400 393 362 318 37% 38% 27% 34% 40% 41% FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 18 18
Slide 19: Robust Growth in Profits
Robust Growth in Profits Strong Focus on ROCE & RONW Low Debt Exposure High Net worth & Strong Balance Sheet c 6 8 @ = DB Corplid | @Memez Reionse diet EY com &) 19
Slide 20: Proven Track Record of Topline & Bottom Line Growth
Proven Track Record of Topline & Bottom Line Growth Total Revenue (Rs. mn) 10% 10 Yrs CAGR 22750 24794 20353 16137 12794 9718 FY 2009 FY 2011 FY 2013 FY 2015 FY 2017 FY 2019 Advertisement Revenue (Rs. mn) 9% 10 Yrs CAGR 17625 15166 15973 12075 10016 7256 FY 2009 FY 2011 FY 2013 FY 2015 FY 2017 FY 20
Slide 21: Growth… (contd.)
Proven Track Record of Topline & Bottom Line Growth… (contd.) EBIDTA Revenue (Rs. mn) 13% 10 Yrs CAGR 6592 5879 5209 4173 3974 1582 FY 2009 FY 2011 FY 2013 FY 2015 FY 2017 FY 2019 PAT (Rs. mn) 19% 10 Yrs CAGR 3748 3163 2585 2738 2181 476 FY 2009 FY 2011 FY 2013 FY 2015 FY 2017 FY 2019 21 21
Slide 22: Growth… (contd.)
Proven Track Record of Topline & Bottom Line Growth… (contd.) Return on Capital Employed (%) Return on Net Worth 35% 34% 33% 30% 24% 22% 27% 25% 21% 24% 17% 15% FY FY FY FY FY FY FY FY FY FY FY FY 2014 2015 2016 2017 2018 2019 2014 2015 2016 2017 2018 2019 Earning Per Share (Rs.) Dividend Payout (wi
Slide 23: Healthy Operating Profit In Our Mature Market
Healthy Operating Profit In Our Mature Market Rs MN Q4 (FY17-18) Q4 (FY18-19) Annual (FY 17-18) Annual (FY 18-19) Particulars Matured Matured Matured Matured Print / Emerging DBCL Print / Emerging DBCL Print / Emerging DBCL Print / Emerging DBCL Radio / Business* Standalone Radio / Business* Standal
Slide 24: Financial Summary
Financial Summary Quarter Ended Particulars (INR million) 16-Mar 17-Mar 18-Mar 19-Mar Q4 FY18 Q4 FY19 Growth % Advertising Income 14812 15973 16416 17625 3859 4130 7.05% Circulation Revenue 4356 4814 4981 5237 1252 1273 1.69% Total Income 20735 22750 23349 24794 5675 5911 4.16% Newsprint -6186 -6609
Slide 25: Board Of Directors
Board Of Directors Sudhir Agarwal 28 years of experience in the publishing and newspaper business Managing Director responsible for its long-term vision, business planning and performance monitoring Pawan Agarwal 14 years of experience in the publishing business Deputy Managing Director Head
Slide 26: For more information, please visit our website www.bhaskarnet.com
For more information, please visit our website www.bhaskarnet.com VALUES – Trendsetting | Result-oriented | Analytical | Connected 26