Media Chinese International Ltd · HKEX:685
Media Chinese International — FY2020/21 Earnings Presentation
24 slides from Media Chinese International's earnings presentation, May 28, 2021
Slide 1: Full Year Results FY 2020/21 & Strategic Update
Full Year Results FY 2020/21 & Strategic Update 28 May 2021
Slide 2: Agenda
AGENDA 1. Recap of FY 2020/21 2. Group financials 3. Positioning for Recovery 4. Outlook 1
Slide 3: Recap of FY 2020/21
RECAP OF FY 2020/21 • COVID 19 disruption severe and far reaching • Digital disruption has accelerated • Political uncertainty in Malaysia 2
Slide 4: Adex Malaysia (April to March)
ADEX MALAYSIA (April to March) Total Adex (2020) Magazines Radio Cinema In-store RM10,512m 0.2% 3.3% 0.2% media Newspaper 0.8% 11% s 9.7% Total Adex (2021) TV (FTA) 29.2% RM9,355m Pay TV 2021 2020 56.5% % Change (RM' mil) (RM' mil) Newspapers 905 1,763 -48.7% Magazines 21 41 -50.1% 48.7% TV (FTA) 2,
Slide 5: Malaysia Newspapers Adex
MALAYSIA NEWSPAPERS ADEX 900 (In RM’ mil) 600 -44.3% -50.5% 300 -53.7% -2.7% 0 Chinese English Malay Tamil Apr'19-Mar'20 Apr'20-Mar'21 Source: Independent Market Research Companies (Adex Numbers have not taken into consideration the discounting factor) 4
Slide 6: Adex Hong Kong (April to March)
ADEX HONG KONG (April to March) Total Adex (2020) Magazines 2.7% HKD92,632m Others & Newspape MTR rs 8% 11.6% 16.6% Total Adex (2021) Desktop & Mobile TV HKD85,176m 33.1% 31.4% Radio 2021 2020 % Change 4.5% (HKD' mil) (HKD' mil) Newspapers 14,316 21,974 -34.9% Magazines 2,333 3,598 -35.2% 35.6% TV 2
Slide 7: FY 2020/21 Group Results
FY 2020/21 GROUP RESULTS (for year ended 31 March 2021) (US$' 000) 2021 2020 Turnover 115,769 239,217 (Loss) / Profit before income tax (1,367) 9,283 (Loss) / Profit attributable to owners of the Company (1,303) 7,055 EBITDA 7,294 16,586 EBITDA Margin (%) 6.31% 6.90% 6
Slide 8: FY 2020/21 Segment Results
FY 2020/21 SEGMENT RESULTS (for year ended 31 March 2021) Turnover Profit/(Loss) before tax* 2021 2020 % 2021 2020 % US$'000 US$'000 Change US$'000 US$'000 Change Malaysia & other SEA Countries 71,726 106,294 -33% 3,306 12,447 -73% Hong Kong & Taiwan 37,025 44,198 -16% (1,287) (5,275) 76% North Amer
Slide 9: FY 2020/21 Segment Results
FY 2020/21 SEGMENT RESULTS (for year ended 31 March 2021) Profit/(Loss) before tax* Q1 Q2 Q3 Q4 YTD US$'000 US$'000 US$'000 US$'000 US$'000 Malaysia & other SEA Countries (3,636) 17 1,758 5,167 3,306 Hong Kong & Taiwan (1,921) 936 356 (658) (1,287) North America 124 232 60 235 651 Publishing & Print
Slide 10: FY 2020/21 Financial Position
FY 2020/21 Financial Position (as at 31 March 2021) 2021 2020 US$'000 US$'000 Total assets 233,631 223,111 Shareholders funds 166,041 162,153 Cash & cash equivalents and short term deposit 94,433 73,882 Net assets per share (US cents) 9.84 9.61 (Loss) / Earning per share (US cents) (0.08) 0.42 Net g
Slide 11: Dividend
DIVIDEND - Prudent to conserve cash 2021 2020 US Cents US Cents First Interim Dividend NIL 0.16 Second Interim Dividend 0.10 0.10 Total Dividend 0.10 0.26 Dividend Pay-out Ratio (as a % of PATAMI) N/A 62% Share Price as at 31 March RM0.20 RM0.17 Dividend Yield as at 31 March 2.1% 6.6% 10
Slide 12: Positioning for Recovery
POSITIONING FOR RECOVERY Progressive pickup of activity in Hong Kong and recovery trend is expected to continue while macro uncertainty remains in the short term Malaysian Market should grow positively in the second half of the year in the absence of further lockdowns and the reduction of COVID-
Slide 13: Positioning for Recovery
POSITIONING FOR RECOVERY We are well positioned to leverage on the recovery, and our strategy remains unchanged:- Optimise print media business Accelerate digital subscriber growth, and drive digital revenue growth Efficient Cost Management 12
Slide 14: Strategic Update (Hong Kong)
STRATEGIC UPDATE (Hong Kong) BRANDING/MARKETING GROWTH POTENTIAL • Government would continue to increase spending in education sector • HK is still an international financial hub, hence more IPO & investment activities • More integrations coming from China and Greater Bay Area (GBA) • Increase in di
Slide 15: Strategic Update (Hong Kong) - Optimise Print Media Business
STRATEGIC UPDATE (Hong Kong) - OPTIMISE PRINT MEDIA BUSINESS Create and embark new revenue streams, through leveraging on good clients relationship 14
Slide 16: Strategic Update (Hong Kong) - Optimise Print Media Business
STRATEGIC UPDATE (Hong Kong) - OPTIMISE PRINT MEDIA BUSINESS Integration opportunities generating revenue across China and Greater Bay Areas 15
Slide 17: Strategic Update (Malaysia) - Grow Digital Subscribers
STRATEGIC UPDATE (Malaysia) - GROW DIGITAL SUBSCRIBERS Membership drive Strengthening relationships with readers and advertisers promoting engagement Higher engagement will increase revenue 16
Slide 18: Strategic Update (Malaysia) - Growth Drivers
STRATEGIC UPDATE (Malaysia) - GROWTH DRIVERS Digital audiences in Malaysia Operations progress drives digital growth As at 31st March As at 31st March 30,000 600,000 25,000 500,000 20,000 400,000 (In ‘000) (In ‘000) 15,000 300,000 10,000 200,000 5,000 100,000 0 0 2019 2020 2021 2019 2020 2021 Unique
Slide 19: Strategic Update - Efficient Cost Management
STRATEGIC UPDATE - EFFICIENT COST MANAGEMENT • Maintained cost discipline • High newsprint stock cushioning the rising newsprint prices • Operational efficiency and productivity 18
Slide 20: Strategic Update (Group Digital) - Drive Digital Revenue
STRATEGIC UPDATE (Group Digital) - DRIVE DIGITAL REVENUE Develop audiences in new platforms and develop digital video content business • Physical & Virtual Expo • Video Productions • Webinar • Facebook Live • e-Shop • and more… 19
Slide 21: Strategic Update (Group Digital) - Drive Group Digital Revenue
STRATEGIC UPDATE (Group Digital) - DRIVE GROUP DIGITAL REVENUE Show positive effect of digital transformation efforts 28.1% Digital Advertising Revenue as % of Total 14.3% Print Advertising Revenue 10.4% FY 7.1% FY 2021 5.0% FY 2020 FY 2019 FY 2018 2017 20
Slide 22: Outlook
OUTLOOK The COVID-19 pandemic has halted the economy of many countries around the world with closure of borders and movement control restrictions. With the roll-out of vaccination programs, the world is hopeful that the global economy will recover in tandem. The Group had in the financial year under
Slide 23: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Media Chinese International Ltd expects or anticipates will or may occur in the future are forward
Slide 24: Thank You!
THANK YOU!
Media Chinese International — FY2020/21 Earnings Presentation on 6ix