Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q3 FY19 Earnings Presentation
30 slides from Jagran Prakashan's earnings presentation, Feb 1, 2019
Slide 1: Intimation to Stock Exchange - Investor Presentation
THE WORLD'S LARGEST READ DAILY Jagran February 01,2019 1) Manager-CRD, BSELtd., Re: Jagran Prakashan Limited Phiroze Jeejeebhoy Towers, Scrip Code: 532705 Dalal Street, ISIN No.: INE199G01027 Mumbai-400001 2) Listing Manager, National Stock Exchange of India Ltd., Re: Jagran Prakashan Limited 'Excha
Slide 2: Jagran Prakashan Limited Q3 & 9M FY19 Result Presentation
Jagran Prakashan Limited Q3 & 9M FY19 Result Q1FY17Presentation Result Presentation 1
Slide 3: 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 4: Management Commentary
Management Commentary Comment from Chairman and Managing Director “Q3 was little satisfactory. Print advertisement revenue had some growth against de-growth of 8% in Q2 but the most heartening was to see the growth coming from some of the sectors which were de-growing. Radio, Digital and Naidunia de
Slide 5: Reward to Shareholders
Jagran Reward to i) an oO oc —S je) a= oO o ® a= op
Slide 6: An Attractive Shareholder Return
An Attractive Shareholder Return Dividend % 175% 175% 100% 200% 175% 150% 150% (on FV) PAT 404.9 Dividend paid + Buy Back 350.8 349.3 308.0 302.3 310.9 254.7 226.2 207.8 178.3 164.0 128.6 128.6 137.4 114.7 52.7 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18* BUY BACK of 1.50Cr BUY BACK of 50L BUY BACK of 1
Slide 7: MBL: Business Update
MBL: Business Update Business Update ▪ Kolkata Acquisition of Friends FM 91.9 is pending MIB Approvals ▪ Phase II Station: 11% rate hike in Q3 against the average of 8% YTD ▪ Phase III Stations: Inventory Utilization at 53% in Q3 against the average of 49% YTD Corporate Actions ▪ The company deploye
Slide 8: Business Performance
Business Performance 7
Slide 9: Quarter Highlights
Quarter Highlights Print Business ✓ Advertisement revenue grew by 3% yoy: wherein Nai Dunia grew at a healthy rate supported by elections ✓ Sectors like Automobile, Retail & Pharma grew in Q3, Central Government, Education and BFSI continue to be sluggish ✓ Going forward, 25% rate hike in government
Slide 10: New Generation Business Performance
De-Risked Business Model Operating Revenue Operating Profit Profit Before Tax Revenue Breakup – Q3 FY19 6% 9% New Generation Business Performance 24% 36% 2% 136 126 29 24 23 18 14% Q2FY19 Q3FY19 Q2FY19 Q3FY19 Q2FY19 Q3FY19 78% CAGR 13% CAGR 20% CAGR 32% 468 82 59 289 Print Radio Digital Events & Out
Slide 11: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE OPERATING REVENUE Average Rs. 343 Crs Average Rs. 464 Crs +12% Advertisement growth in +17% almost all brands except for 485 480 483 484 I-Next, which will see growth 458 434 434 363 356 361 364 from Q4 as it got DAVP rate 339 314 311 Q1 FY18 Q2 FY18 Q
Slide 12: Print Business Performance
Print Business Performance DAINIK JAGRAN – OPERATING REVENUE MID-DAY OPERATING REVENUE Nai Dunia reported healthy Average Rs. 378 Crs growth in advertisement Average Rs. 29 Crs +11% revenue primarily driven by +9% State elections 396 372 391 400 390 31 28 28 28 28 28 353 352 26 Per copy realization
Slide 13: MBL: Highest Ever Operating Performance
MBL: Highest Ever Operating Performance REVENUE EBITDA PROFIT BEFORE TAX +14% +23% +45% EBITDA margins at 33% on the 87 27 29 25 26 27 23 22 back of rate hike and 80 23 20 76 76 76 17 improved utilization levels Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q3FY18 Q4FY18 Q1FY
Slide 14: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE Average operating revenue increased by 6% from Rs. 34 Crores to Rs. 36 Crores Average Rs. 34 Crs Average Rs. 36 Crs 38 39 35 36 34 33 Strategy: 28 • Events: Continue to focus on improving the bottom line • Outdoor: Improving the operating mar
Slide 15: Digital Business Performance
Digital Business Performance OPERATING REVENUE Performed best amongst its comparable peers both in Average Rs. 8 Crs Average Rs. 10 Crs terms of revenue growth 11 10 and reduction in losses 8 9 9 7 7 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Average operating revenue increased by 25% f
Slide 16: Increase in Newsprint price dents profitability
Increase in Newsprint price dents profitability Raw Material to Sales Other Expense to Sales 39% 35% 36% 33% 36% 35% FY17 FY18 9MFY19 FY17 FY18 9MFY19 Other costs kept No compromise Unprecedented Lowest amongst under check in made with long rise in newsprint peers spite of currency term sustainabili
Slide 17: Digital – Investing to Build leadership
Digital – Investing to Build leadership Our Digital Media Portfolio Indian website in overall Healthcare Industry with • For the quarter ended 8.6 Mn Unique Users December 2018 growth in Ranked 5th in Digital Advertisement Revenue Education category #1 as per Unique mn unique ✓ 31% YoY Print Digital
Slide 18: Financial Performance
Financial Performance
Slide 19: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q3 FY19 Q2 FY19 Q3 FY18 Operating Revenue 28.21 25.85 27.85 Advertisement 21.21 19.20 19.92 Circulation 6.19 5.94 7.23 Other Operating Income 0.81 0.72 0.69 Expenses 25.98 22.95 24.54 Operating Profit 2.23 2.90 3.31 Operating Profit Margin 7.89%
Slide 20: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q3 FY19 Q2 FY19 Q3 FY18 Operating Revenue 87.02 80.14 76.18 Expenses 58.43 53.58 52.86 Operating Profit 28.59 26.56 23.32 Operating Profit Margin 32.85% 33.14% 30.61% Other Income 4.46 3.6 4.33 Depreciation 6.75 6.7 6.53 Interest 1.37 1.38 3.92 Prof
Slide 21: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q3 FY19 Q2 FY19 Q3 FY18 Dainik Jagran* Operating Revenue 390.38 351.58 391.21 Operating Profit 98.81 77.74 131.45 Operating Margin 25.31% 22.11% 33.60% Other Publications* Operating Revenue 93.13 81.86 88.55 Operating Profit 5.28 -0.95 7.58 Operatin
Slide 22: Consolidated Profitability Statement
Consolidated Profitability Statement Rs In Cr Q3 FY19 Q3 FY18 YoY Q2 FY19 QoQ 9M FY19 9M FY18 YoY Revenues 613.8 598.1 3% 553.4 11% 1,769.8 1,755.9 1% Advertisement Revenue * 459.6 439.0 398.5 1,303.4 1,299.8 Circulation Revenue 108.0 110.2 110.4 328.1 325.2 Others 46.3 48.8 44.5 138.3 130.9 License
Slide 23: Group Introduction
Group Introduction Group Introduction
Slide 24: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Strong GROWTH Potential: FASTEST growing Undisputed LEADER: RIGHT mix of stability media: and scalability: ✓ Reaping benefits of geographical ✓ Dainik Jagran leads the IRS 2017 expansion and diversified market rankings with a total readership ✓ P
Slide 25: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 72.81% of Music Broadcast Limited Activation OOH (RadioCity) 24
Slide 26: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 84+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) #11 News / Jagran Information Category 10 with over 38.8 mn Publications 12 Digital unique visitors Media Portals 5 Business Verti
Slide 27: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 26
Slide 28: Geographical Reach – From Jammu to Tamil Nadu
Geographical Reach – From Jammu to Tamil Nadu Jalandhar Hissar Patiala Karnal Enhancing Pan Bikaner Delhi Bareilly India Presence Agra Jaipur Lucknow Gorakhpur Ajmer Gwalior Kanpur Print Presence : Patna Udaipur Varanasi Kota Ranchi 13 State Ahmedabad Kolkata Baroda Jamshedpur Jalgaon Surat Akola Na
Slide 29: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed 23 Awards upon the Group during the quarter MBL Best Companies to Work Golden Awards of Goa Fest WAN-IFRA Awards Montreux Awards 9 awards for Dainik Jagran* 4
Slide 30: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave amitjaiswal@jagran.com Contact: +91 9819916314, Email: payal.dave@sgapl.net Ms. Payal Sheth Contact: +91 9820452239, Email: payal.sheth@sgapl.net