Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q4 FY24 Earnings Presentation
26 slides from Jagran Prakashan's earnings presentation, May 28, 2024
Slide 1: Exchange intimation letter for investor presentation
May 28, 2024 To, Manager–CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN ‘Exchange Plaza’, Bandra Kurla Complex, ISIN No.: INE199G01027 Dalal Street, Bandra (E), Mum
Slide 2: Q4FY24 Result Presentation
Jagran Prakashan Limited Q4FY24 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: Group Key Highlights
Group Key Highlights Advertisement Revenue Strategic Integration of Further Strengthening our Strategy Realignment Growth Radio, Digital & Non- Position Yielding Results FCT to drive growth • JNM is amongst the top • Continues to maintain 10 in India and amongst • Segment can become • Flagship brand
Slide 5: Business Performance
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Slide 6: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX* +11% +3% +49% +11% CONSOLIDATED 510 378 388 122 109 459 98 82 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +10% +1% +46% +
Slide 7: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 23.9% 31.9% +7% +43% 313 100 294 70 Leadership position remains intact Q4FY23 Q4FY24 Q4FY23 Q4FY24 Registered growth in operating profit of PROFIT BEFORE TAX ~43% primarily due to of lower 28.2% 31.1% newsprint price and continu
Slide 8: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +11% -7% 283 92 255 86 ‘Dainik Jagran’, ‘Inext’ and ‘Punjabi Jagran’ have recorded better Ad Revenue growth led by increase in government ad revenue Q4FY23 Q4FY24 Q4FY23 Q4FY24 OPERATING PROFIT PROFIT BEFORE TAX Reports strong Opera
Slide 9: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES 2nd Highest client count +22% +14% share in the Industry with 63 52 40% in FY24 46 51 Radio City’s Market share* is 19% in Q4 FY24 39% of the total clients Q4FY23 Q4FY24 Q4FY23 Q4FY24 on the Radio platform advertised on Radio City OPERA
Slide 10: Group Digital Business Performance
Group Digital Business Performance OPERATING REVENUE OPERATING PROFIT Company’s Collaboration with Google, Meta, JIO & Amazon has JNM* in the News/Information +62% +335% enhanced our content discovery, category reached out to ~97 35 7 distribution, and syndication Mn Unique Users capabilities. JNM i
Slide 11: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT +15% 43 Major shifts in strategy: 3 38 Aim to increase in share of revenue from assets-based business which is more profitable and stable Focusing on pure activation revenue while reducing fixed margin which will further impr
Slide 12: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -1% -2% 14 14 3 3 Efficiently controlling the cost led to robust growth in Operating Profit Midday gained market share in Q4FY23 Q4FY24* Q4FY23 Q4FY24 advertisement volume as its legacy brands continue to command loyalty OPERATIN
Slide 13: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +7% -2% 33 13 13 30 Q4FY23 Q4FY24 Q4FY23 Q4FY24 OPERATING PROFIT PROFIT BEFORE TAX +128% +191% 7 6 3 2 Q4FY23 Q4FY24 Q4FY23 Q4FY24 12 In Rs. Crs ^ Includes Naidunia, I-next, Punjabi Jagran, Inquilab and Magaznie
Slide 14: Financial Performance
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Slide 15: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 415 107 105^ 302 226 101 102 102 FY18 FY19 FY20 FY23 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21 FY23 Distribution of ~ Rs. 450 crores as Distribution of ~ Rs. 1,200 crores Distribution of ~ Rs
Slide 16: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q4FY24 Q3FY24 Q4FY23 Operating Revenue 17.31 17.17 17.57 Advertisement 13.86 13.60 13.98 Circulation 2.89 2.99 2.96 Other Operating Income 0.56 0.58 0.63 Expenses 17.24 15.62 18.15 Operating Profit 1.42 1.56 0.93 Operating Profit Margin 8.23% 9.
Slide 17: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q4FY24 Q3FY24 Q4FY23 Operating Revenue 62.63 60.44 51.41 Expenses 52.42 50.95 45.99 Operating Profit 10.21 9.49 5.42 Operating Profit Margin 16.30% 15.70% 10.54% Other Income 5.91 5.81 5.17 Depreciation and Amortisation 8.50 8.42 8.17 Interest 2.58 2
Slide 18: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q4FY24 Q3FY24 Q4FY23 Dainik Jagran* Operating Revenue 312.97 314.05 293.79 Operating Profit 99.94 78.70 70.09 Operating Margin 31.93% 25.06% 23.86% Other Publications* Operating Revenue 62.58 67.16 61.19 Operating Profit 10.50 10.19 4.99 Operating M
Slide 19: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q4FY24 Q4FY23 YoY Q3FY24 QoQ FY24 FY23 YoY Operating Revenues 509.64 459.38 11% 510.96 0% 1,933.91 1,856.17 4% Advertisement Revenue * 373.19 321.30 366.77 1,367.94 1,290.40 Circulation Revenue 85.85 92.38 88.32 359.01 373.22 Other Operati
Slide 20: Group Introduction
Group Introduction Group Introduction
Slide 21: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing media: RIGHT mix of stability Potential: ✓ Dainik Jagran leads the IRS 2019 and scalability: Q4 rankings with a total readership of 6.9 Crs.* ✓ Radio business has retained its ✓ Registered a reach
Slide 22: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% of Music Broadcast Limited Activation OOH (RadioCity) 21
Slide 23: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 for Jagran News / Information 10 Category in Digital Media Publications 19 Digital Media Portals 5 Business Vertica
Slide 24: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 23
Slide 25: Awards & Certifications
Awards & Certifications Brand Award No. of Awards Midday Ramnath Goenka Excellence in Journalism Awards 1 Midday Total 1 Jagran New Media WAN IFRA South Asian Digital Media Awards 2023 2 Inkspell Drivers of Digital Awards 2023 1 Recognising Group’s leadership position in different businesses, Jagran
Slide 26: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya / Ms. Ami Parekh amitjaiswal@jagran.com Email: jigar.kavaiya@sgapl.net / ami.parekh@sgapl.net Contact: +91 9920602034 / +91 8082466052 www.jpl