Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q2 FY24 Earnings Presentation
29 slides from Jagran Prakashan's earnings presentation, Oct 30, 2023
Slide 1: Exchange intimation letter for investor presentation
October 30, 2023 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),
Slide 2: Jagran Prakashan Limited Q2FY24 Result Presentation
Jagran Prakashan Limited Q2FY24 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: Comment from Chairman
Comment from Chairman “The economy of India has been resilient amid volatile and unpredictable geopolitical climate. It continued to record growth more than the inflation. However, the discretionary consumption by populace of low and middle income levels continued to remain subdued. High inflation i
Slide 5: Group Key Highlights
Group Key Highlights ‘Naidunia’ ‘Inext’ & Strategic Integration of Further Consolidating our Non-print business ‘Midday’ reports solid Radio, Digital & Non- Position reports robust growth performance FCT drives growth • JNM is amongst the top • Market share at 19% in 15 news/information • Over the p
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +1% +5% -16% -16% CONSOLIDATED 454 459 368 387 86 67 72 56 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX 0% +5% -21% -19% 39
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 24.9% 18.3% -5% -30% 294 280 73 51 Leadership position remains intact Q2FY23 Q2FY24 Q2FY23 Q2FY24 Registered operating margin of ~18.3% due to increase in expenses on PROFIT BEFORE TAX account of increase in non-recurring -26% e
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -3% -3% ‘Midday’, ‘Naidunia’ and ‘Inext’ 254 246 92 90 have recorded better growth in revenue as well as profits during the quarter in comparison to Q2 of previous year Q2FY23 Q2FY24 Q2FY23 Q2FY24 OPERATING PROFIT PROFIT BEFORE TAX
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES Enhanced liquidity 2nd Highest client count +8% +3% position at Rs. 305 share in the Industry with 39% in Q2FY24 49 52 45 46 Crores as on September 30, 2023 39% of the total clients Market share* is 19% in Q2FY23 Q2FY24 Q2FY23 Q2FY24 on
Slide 11: Group Digital Business Performance
Group Digital Business Performance OPERATING REVENUE OPERATING PROFIT JNM is amongst the top 15 news/information category in +33% +47% India 28 4.3 JNM* in the News/Information category reached out to ~71 Mn 21 2.9 Total Unique Visitors, Investment in various digital 339 Mn Total Views, 260 platform
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT While revenues grew by 7% YoY, the decline in profits was on the back of +7% -80% investment in assets for future growth 38 3 35 The Company aims to increase the share of revenue generated from asset-based businesses, which a
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +13% +1% 13 3.0 3.0 11 For Q2FY24, Total revenue grew by 10% on a YoY basis aided by growth in ad revenue Q2FY23 Q2FY24 Q2FY23 Q2FY24 OPERATING PROFIT PROFIT BEFORE TAX Q2FY24 reported nominal profit as against nominal loss on a
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +4% -2% 33 34 13 13 Q2FY23 Q2FY24 Q2FY23 Q2FY24 OPERATING PROFIT PROFIT BEFORE TAX +147% +171% 10.9 9.8 4.4 3.6 Q2FY23 Q2FY24 Q2FY23 Q2FY24 13 In Rs. Crs ^ Includes Naidunia, I-next, Punjabi Jagran, Inquilab and Magaz
Slide 15: Financial Performance
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Slide 16: 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 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q2FY24 Q1FY24 Q2FY23 Operating Revenue 16.39 16.56 14.89 Advertisement 12.81 13.05 11.32 Circulation 2.98 2.92 2.96 Other Operating Income 0.60 0.59 0.61 Expenses 15.71 16.65 15.28 Operating Profit 0.68 -0.09 -0.39 Operating Profit Margin 4.12%
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q2FY24 Q1FY24 Q2FY23 Operating Revenue 52.44 53.03 48.64 Expenses 46.06 45.96 44.58 Operating Profit 6.38 7.07 4.06 Operating Profit Margin 12.16% 13.34% 8.35% Other Income 5.70 5.65 4.83 Depreciation and Amortisation 8.28 8.23 8.23 Interest 2.47 2.4
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q2FY24 Q1FY24 Q2FY23 Dainik Jagran* Operating Revenue 280.36 284.54 293.86 Operating Profit 51.26 57.88 73.24 Operating Margin 18.28% 20.34% 24.92% Other Publications* Operating Revenue 67.04 59.05 60.69 Operating Profit 10.29 1.17 3.86 Operating Ma
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q2FY24 Q2FY23 YoY Q1FY24 QoQ H1FY24 H1FY23 YoY Operating Revenues 458.73 454.16 1% 454.58 1% 913.31 908.63 1% Advertisement Revenue * 318.61 317.69 309.37 627.98 622.61 Circulation Revenue 89.72 92.62 95.13 184.85 186.04 Other Operating In
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Crs) Sep-23 Mar-23 EQUITY AND LIABILITIES (Rs. In Crs) Sep-23 Mar-23 Non-current assets Equity Property, plant and equipment 336.16 347.42 Equity share capital 43.53 43.53 Right-of-use assets 89.69 91.85 Other equity 1,790.79 1,703.77 Capital work-in-progres
Slide 22: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. In Crs) Sep-23 Sep-22 Profit before income tax 113.41 121.89 Adjustments for: 43.84 53.23 Cash flow before Working Capital changes 157.25 175.12 Change in operating assets and liabilities 97.60 (5.14) Cash generated from operations 59.65 180.27 Incom
Slide 23: Group Introduction
Group Introduction Group Introduction
Slide 24: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing RIGHT mix of stability Potential: media: and scalability: ✓ Dainik Jagran leads the IRS 2019 Q4 rankings with a total ✓ Better outlook for H2FY24 readership of 6.9 Crs.* ✓ Radio business has retain
Slide 25: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% 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* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 15 for Jagran News / Information 10 Category in Digital Media Publications 19 Digital Media Portals 5 Business Vertica
Slide 27: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 26
Slide 28: Awards & Certifications
Awards & Certifications Brand Award No. of Awards E4M Maverick Award 1 Dainik Jagran Inext Dainik Jagran Inext Total 1 National photo contest, Andhra Pradesh Photo-Journalists 3 Association Midday Photo Contest, Thane Municipal Corporation and Thane Shahar 8 Dainik Patrakar Sangh Midday Total 11 Rec
Slide 29: 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