Ht Media Limited · NSE:HTMEDIA
Ht Media — Q2 FY2023 Earnings Presentation
25 slides from Ht Media's earnings presentation, Nov 7, 2022
Slide 1: Exchange intimation letter for results presentation
07th November, 2022 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 R
Slide 2: HT Media Group Q2 FY 2022-23 Consolidated Financial Results
HT MEDIA GROUP Q2 FY 2022-23 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 “The second quarter of the current fiscal saw a fairly conducive business environment. However, inflationary pressures continued in the form of elevated input costs, arising largely from geopolitical factors. Our Print business continues to show revenue growth on the back of an
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 CONSOLIDATED PERFORMANCE KEY HIGHLIGHTS Particulars (INR cr) Q2FY22 Q2FY23 YoY Q1FY23 QoQ ▪ Total Revenue at INR 448 crore in Q2FY23 was up 2% on y-o-y basis, led by growth in Total Revenue 440 448 2% 432 4% Print and Radio businesses EBITDA1 83 -12 -114% -18 34% ▪ Ope
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) Q2FY22 Q2FY23 YoY Q1FY23 QoQ Ad Revenue 247 269 9% 240 12% Circulation Revenue1 50 61 21% 60 2% Operating Revenue 313 344 10% 348 -1% Operating EBITDA 39 -14 -137% 2 -879% Op EBITDA margin (%) 12% -4% 1% 1Circulation revenue (gross) KEY HIGHLIGHTS ▪ A
Slide 11: Print – English section navigation
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 10
Slide 12: Print – English
Print – English AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr)1 YoY QoQ YoY QoQ +10% +16% +118% +19% 147 147 15 15 133 127 12 7 Q2FY22 Q2FY23 Q1FY23 Q2FY23 Q2FY22 Q2FY23 Q1FY23 Q2FY23 1Circulation revenue (gross) KEY HIGHLIGHTS ▪ Ad revenue improved on y-o-y and q-o-q basis, led by strong jump in
Slide 13: Print – Hindi section navigation
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 12
Slide 14: Print – Hindi
Print – Hindi AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr)1 YoY QoQ YoY QoQ +7% +8% +7% -2% 114 122 113 122 47 48 47 44 Q2FY22 Q2FY23 Q1FY23 Q2FY23 Q2FY22 Q2FY23 Q1FY23 Q2FY23 1Circulation revenue (gross) KEY HIGHLIGHTS ▪ Ad revenue improved on y-o-y and q-o-q basis, owing to growth in volume ▪
Slide 15: Radio section navigation
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 16: Radio
Radio FINANCIAL PERFORMANCE Particulars (INR cr) Q2FY22 Q2FY23 YoY Q1FY23 QoQ Operating Revenue 24 33 36% 33 -2% Operating EBITDA -3 1 131% 2 -40% Op EBITDA Margin (%) -13% 3% 5% KEY HIGHLIGHTS ▪ Substantial growth in revenue on y-o-y basis, led by improvement in rate along with consistent volume ▪
Slide 17: Digital section navigation
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 18: Digital
Digital FINANCIAL PERFORMANCE Particulars (INR cr) Q2FY22 Q2FY23 YoY Q1FY23 QoQ Operating Revenue 33 32 -4% 39 -18% Operating EBITDA 0 -2 -775% 1 -242% Op EBITDA Margin (%) 1% -5% 3% KEY HIGHLIGHTS ▪ Digital revenue impacted this quarter and therefore EBITDA at a marginal loss 17
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) Q2FY22 Q2FY23 YoY Q1FY23 QoQ Operating Revenue 370 409 11% 420 -3% Other Income 70 39 -45% 12 237% Total Revenue 440 448 2% 432 4% Raw Materials & Change in Inventory 94 161 72% 147 10% Employee Cost 94 96 3% 106 -10% Other expenses 170 203 19% 19
Slide 23: Consolidated Balance Sheet – HT Media Ltd
Consolidated Balance Sheet – HT Media Ltd As at 31 Mar'22 Particulars (INR cr) As at 30 Sep'22 ASSETS Non- current assets 1,093 Financial assets 1,276 973 Property, plant and equipment 1,064 494 Others 420 2,560 Total non-current assets 2,760 Current assets 153 Inventories 242 1,535 Financial assets
Slide 24: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (INR cr) Q2FY22 Q2FY23 YoY Q1FY23 QoQ Operating Revenue 163 176 8% 168 4% Other Income 40 21 -46% 2 1042% Total Revenue 203 197 -3% 170 16% Raw Materials & Change in Inventory 61 83 37% 82 1% Employee Cost 38 40 4% 43 -7% Other expenses 62
Slide 25: Consolidated Balance Sheet – Hindustan Media Ventures Ltd
Consolidated Balance Sheet – Hindustan Media Ventures Ltd As at 31 Mar'22 Particulars (INR cr) As at 30 Sep'22 ASSETS Non- current assets 713 Financial assets 911 281 Property, plant and equipment 367 89 Others 106 1,083 Total non-current assets 1,384 Current assets 77 Inventories 90 973 Financial a