Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Singapore Press Holdings — FY2016 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, Oct 14, 2016

  1. Slide 1: Maintaining Focus in an Evolving Mediascape: FY2016 Financial Results

    Maintaining Focus in an Evolving Mediascape Annual Report 2016 Singapore Press Holdings Limited FY2016 Financial Results October 14, 2016

  2. Slide 2: ! "# " $ "# # % & ' ( ( "! ! )

    ! "# " $ "# # % & ' ( ( "! ! ) " *! " " + ) ) # # ! " ), ) ( " -. # + /-. # *! " ) # 0 ! # 1 ( " "") ( # 2 ) " 3& ) ! # # ! " , )! (0 -. # 4 *!" " "! " ! # ) 0 ) ! ( " "" " 2

  3. Slide 3: ) % ! " ! "!#"$ ! %%! & '"( ) * + •

    5 ) % 0 ! " ! "!#"$ ! %%! & '"( ) * + • 6) "# -. # 4 • 7 -. # 4 , - • 8 ! )" " # ! 9 :" "" " • 8 ! # &!( " ) "" )"( " "" " 3

  4. Slide 4: , 1'2 )3 ) % * " )$ "# ! " ! "# "

    , 1'2 )3 4 5 ) % 0 * " 0 )$ "# ! " ! "# " # ! " "# ! " ' () * + • ; ) " 0# ) (0 , ) )" "" • $ ) ) # # ! " ! # 1 ( " "" . - +/ 0 • $ ) )" " " "" 5 ) #* #' " ) # • ; ) ) "" " # "" )"( " "" 4

  5. Slide 5: Operating Revenue Composition

    Operating Revenue Composition Media (S$1,124.3m) Advertisement Revenue Composition (S$606.5m) 9.4% 53.9% 19.2% 54.9% 21.5% 15.2% 25.9% Advertisements (Media) Display Circulation Classified* Rental & Services Magazines & Others Other revenue * Classified includes Recruitment and Notices 5

  6. Slide 6: Newspaper Ad Revenue Y-O-Y Growth (%)

    5 6 + 0 6 5.0% Newspaper Ad Revenue Y-O-Y Growth (%) 0.0% -1.7% -5.0% -7.6% -7.5% -8.4% -8.6% -8.6% -10.0% -10.3% -9.9% -10.4% -11.9% -11.9% -11.7% -12.5% -12.5% -15.0% -14.4% 1Q 2016 2Q 2016 3Q 2016 4Q 2016 FY2016 Display Classified* Newspaper Ad * Classified includes Recruitment and Notices 6

  7. Slide 7: Daily Average Newspaper Circulation

    + 3- + '000 Daily Average Newspaper Circulation 400 350 300 250 200 150 100 50 0 The Straits The The New Lianhe Lianhe Shin Min Berita Tamil Times/ The Business Paper/ The Zaobao Wanbao Daily News Harian/ Murasu/ Sunday Times New Paper Berita Tamil Times Sunday Minggu Murasu Sunday FY2016 FY2016 (Di

  8. Slide 8: FY2016 Operating Expenditure Cost Composition

    4 + 3- (% FY2016 Operating Expenditure* Cost Composition (S$819.6m) S$’m 3.8% 6.9% 17.8% 13.3% Newsprint 5.5% Other Materials, Production & Distribution Costs 8.5% Staff Costs 44.2% Newsprint Other Materials, Production & Distribution Costs Premises Costs Staff Cost Premises Cost Other Operating Exp

  9. Slide 9: Reduction in staff costs

    Reduction in staff costs FY2016 FY2015 came Headcount as at end-August 4,182 4,237 (1.3) Staff Costs (S$'000) 362,551 371,610 (2.4)

  10. Slide 10: Average Newsprint Charge-Out Price & Monthly Consumption

    7 8 4 + Average Newsprint Charge-Out Price & US$ Monthly Consumption MT 550 9,000 500 8,000 490 479 483 477 7,366 7,296 6,783 450 6,872 7,000 400 6,000 1Q 2016 2Q 2016 3Q 2016 4Q 2016 LHS - Prices RHS - Avg Mthly Consumption 10

  11. Slide 11: Operating Profit and Operating Margin

    0 0 + +# S$'m 450 45% 400 40% 350 35% 300 30% 250 25% 200 20% 150 15% 100 10% 50 5% 0 0% FY2012 FY2013 FY2014 FY2015 FY2016 Operating Profit^ Operating Margin^ ^ Excluded impairment charges on goodwill and intangibles. 11

  12. Slide 12: , - + 3- . * • ' % 0$ # '%$ , -.

    , - 0 + 3- . * • ' % 0$ # '%$ , 4 -. # • $ # ) # # # " • 5 2 % ! ) *! 7 # 5 ) *! - 5 -. ( -. # ) -. # " 0 12

  13. Slide 13: Group Investible Fund (S$1.2b)

    3 + Group Investible Fund (S$1.2b) • 7 " " # ) "# 16.7% ") 40.9% " • ; " & ) ( 35.4% 7.0% ## " , ! , "2< Equities Bonds # Investment Funds Cash and deposits " 0 (As at August 31, 2016) 13

  14. Slide 14: Annualised return since inception

    , / 0 , 0 4.1% annualised return since inception Period in years^ Since inception (2001) 4.1 5 3.9 ^ As at August 31, 2016 14

  15. Slide 15: , $ " ) - ) ) " : # + + ?" #"

    9 , 0 $ " ) - ) ) " : # + + ?" #" ' ,) ) " 3#( )) ) ,) : ! ) "2 " " $ # # )6 :# ' ,> # ) " "") ) " 15

  16. Slide 16: Interim & Final Dividend and Payout Ratio

    9 ++ + + & % 0! (cents) 30 120.0% 110.0% 25 109.1% 107.8% 100.0% 102.1% 96.2% 20 90.0% 90.2% 80.0% 15 24 22 21 20 18 70.0% 10 60.0% 2012 2013^ 2014 2015 2016 Interim & Final Div (LHS) Div Payout Ratio* (RHS) * Computed based on Group recurring earnings net of non-controlling interests of the Propert

  17. Slide 17: Thank you

    Thank you Please visit www.soh.com.sg for more information.

Singapore Press Holdings — FY2016 Earnings Presentation on 6ix