Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q1 FY2019 Earnings Presentation
37 slides from Jagran Prakashan's earnings presentation, Jul 31, 2018
Slide 1: Intimation to Stock Exchange - Investor Presentation
THE WORLD'S LARGEST READ DAILY n Jagran July 31, 2018 1) Manager-CRD, BSELtd., Re: Jagran Prakashan Limited Phiroze Jeejeebhoy Towers, Scrip Code: 532705 Dalal Street, ISIN No.: INE199GOI027 Mumbai-400001 2) Listing Manager, National Stock Exchange of India Ltd., Re: Jagran Prakashan Limited 'Exchan
Slide 2: Q1 FY19 Result Presentation
Jagran Prakashan Limited Q1FY17 Q1 FY19 Result Presentation 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: Management Commentary
Management Commentary Comment from Chairman and Managing Director “After two consecutive quarters of de-growth, this quarter witnessed some growth in advertisement revenue. We were also able to pass part of increase in newsprint price to the readers in majority of our areas of operation but there we
Slide 5: Reward to Shareholders
Jagran Reward to N mo ) ae) — oe) a= ed) oH an) a= op
Slide 6: An Attractive Shareholder Return
An Attractive Shareholder Return Dividend % 175% 175% 100% 200% 175% 150% 150% (on FV) PAT 404.9 Dividend paid + Buy Back 350.8 349.3 308.0 302.3 310.9 254.7 226.2 207.8 178.3 159.3 128.6 128.6 137.4 110.0 52.7 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18* BUY BACK of 1.50Cr BUY BACK of 50L BUY BACK of 1
Slide 7: MBL Continues Group's philosophy of REWARDING
MBL Continues Group’s philosophy of REWARDING ▪ Continuing the Group’s philosophy to reward Shareholders Amount Particulars Remarks (in Rs. Crs) ▪ Promoters & Key Managerial Personnel will NOT participate in Buy Back ▪ Buy Back Route ▪ Open Market Investment, Cash & Bank Available for future Inorgan
Slide 8: Key Highlights Q1 FY19
Key Highlights Q1 FY19
Slide 9: Consolidated Quarterly Performance
Consolidated Quarterly Performance Revenue EBITDA & Margins PAT & Margins In Rs. Crs In Rs. Crs In Rs. Crs Growth of Growth of Growth of 10% 36% 41% 22.0% 27.1% 11.5% 14.7% 603 548 164 88 120 63 Q4 FY18 Q1 FY19 Q4 FY18 Q1 FY19 Q4 FY18 Q1 FY19 8
Slide 10: Operating Revenue Operating Profit
Continuing Profitable Growth in all Businesses New Generation Business Acquired Print Business* Legacy Print Business* (Dainik Jagran, Punjabi Jagran, I-Next and (Radio, Digital, Outdoor and Events) (Mid-day and Naidunia / Navdunia) Magazine) +2% +4% +13% Operating Revenue 120 122 66 69 414 368 Q4 F
Slide 11: De-Risked Business Model
De-Risked Business Model Revenue Breakup – Q1 FY19 New Generation Businesses Mid-Day and Nai Dunia 6% Revenue Contribution: Revenue Contribution: 2% ~20% ~11% 12% Operating Profit & Margins Operating Profit & Margins 14% 66% 20.4% 24.3% 15.0% 21.5% 0.7% 7.2% 6.9% 9.1% 84 19 55 Dainik Jagran Other Pr
Slide 12: New Generation Media
aan 2aa aaa wae aaa ag Lau “4
Slide 13: MBL - CONSISTENT Revenue Growth
MBL - CONSISTENT Revenue Growth In Rs. Crs Q1FY19 : Revenue Growth Yield: ▪ Rate hike implemented in all 12 core markets in Q1FY19 +8% 75.7 Inventory: ▪ Drop in variance between Peak & Non Peak time bands in Legacy Markets ▪ Improving Utilizations in Phase III Markets +12% Business Strategy: 70.3 ▪
Slide 14: MBL-Continuing OUTPERFORMANCE in Operating Profits
MBL-Continuing OUTPERFORMANCE in Operating Profits In Rs. Crs Q1FY19 : Operating Profit 30.5% 31.5% 34.4% Improvement in Margins: +17% ▪ ~300 basis point improvement in EBITDA margins 26.0 Outlook: ▪ Sustainable Margins of over 33% on annual basis +16% Legacy Markets: 22.2 ▪ Yield and inventory impr
Slide 15: MBL - Half of Operating Profits translating into PAT
MBL - Half of Operating Profits translating into PAT In Rs. Crs Q1FY19 : PAT 12.1% 15.4% 17.8% Business Strategy: +25% ▪ Efficient reach expansion & optimum capital allocation for Phase III 13.5 Improvement in Margins: +42% ▪ ~240 basis point improvement in PAT Margins 10.8 Outlook: ▪ Operating leve
Slide 16: Radio Digital Performance
Radio Digital Performance 52 Radio stations in 11 languages & 900+ playlists have generated a listenership of 44.3 Million 3.95 Mn Likes Applications 3.15 Lac Followers Launched: 0.63 Lac Followers 66.2 Mn Views Web Presence Facebook - Vidooly ranked Radio City no.1 against Radio Competition Twitter
Slide 17: Digital – Investing to Build leadership
Digital – Investing to Build leadership Our Digital Media Portfolio Indian website in overall Healthcare Industry with 3.7 Mn Unique Users Education category • For the quarter ended June 2018 with over 16.4 Mn mn unique #1 Unique Visitors growth in Digital Topline users 40.6 #1 ✓ 25% YoY Growth at F
Slide 18: Digital Business showing Highest Industry Growth
Digital Business showing Highest Industry Growth Digital Revenues of Print Business Growth of ~41% for FY17 Growth of ~16% for FY18 Annual ~20 Crs Annual ~29 Crs Annual ~33 Crs 9 10 9 8 Q1 FY19 vs. Q1 FY18 8 8 7 7 6 6 5 5 Print Digital 4 25% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1
Slide 19: Performance of Outdoor & Events Business
Performance of Outdoor & Events Business Operating Revenue Highlights Operating Profit In Rs. Crs In Rs. Crs +14% CAGR 5 136 Jagran Engage 91 ✓ Expanded its footprint in West by acquiring lease assets in Pune 1 ✓ Awarded 2 year media rights for Alighar +6% City 34 36 -2 FY15 FY18 Q4 FY18 Q1 FY19 -2
Slide 20: Print Media
PRINT MEDIA
Slide 21: We are Numero Uno Because …
We are Numero Uno Because … YET WE ARE No. 1 JPL Hindi Publications* 77 mn readers Dainik Jagran is India’s #1 Daily^ Ahead of peers both in terms of Readership & Circulation No 1 website in Education Category and in overall Healthcare Our Leadership We do not chase Industry position is built on Bus
Slide 22: Sustainable Revenues in Print Business…
Sustainable Revenues in Print Business… In Rs. Crs Average ~330 Crs Average ~348Crs Average* ~343 Crs 369 362 361 358 349 356 337 334 338 321 323 321 314 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18* Q3FY18* Q4FY18* Q1 FY19* 21 *These figures are muted to the extent of GST @
Slide 23: …with Sustainable Average Quarterly Operating Revenue
…with Sustainable Average Quarterly Operating Revenue In Rs. Crs Dainik Jagran Average ~364 Crs Average ~382 Crs Average* ~378 Crs 386 384 374 400 374 396 372 391 400 356 357 360 353 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18* Q3FY18* Q4FY18* Q1FY19* Other Publications Ave
Slide 24: Financial Performance
Financial Performance
Slide 25: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q1 FY19 Q4 FY18 Q1 FY18 Operating Revenue 27.83 27.68 30.93 Advertisement 21.31* 19.89* 23.18 Circulation 5.98 6.90 6.81 Other Operating Income 0.68 0.89 0.74 Expenses 24.52 25.24 26.02 Operating Profit 4.78 4.09 6.22 Operating Profit Margin 17.
Slide 26: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q1 FY19 Q4 FY18 Q1 FY18 Operating Revenue 75.68 75.93 70.31 Expenses 49.63 48.57 48.14 Operating Profit 26.05 27.36 22.17 Operating Profit Margin 34.42% 36.03% 31.53% Other Income 2.42 5.40 4.67 Depreciation 6.74 6.67 6.40 Interest 1.37 3.37 3.86 Pr
Slide 27: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q1 FY19 Q4 FY18 Q1 FY18 Dainik Jagran* Operating Revenue 400.46^ 352.74^ 395.64 Operating Profit 133.15 96.75 131.26 Operating Margin 33.25% 27.43% 33.18% Other Publications* Operating Revenue 81.99^ 80.73^ 88.46 Operating Profit 3.99** 5.23 8.96 Op
Slide 28: Consolidated Profitability Statement
Consolidated Profitability Statement Rs In Cr Q1 FY19 Q1 FY18 YoY Q4 FY18 QoQ FY18 Revenues 602.6 591.3 2% 548.0 10% 2,304.0 Advertisement Revenue * 445.3 439.2 1% 397.4 12% 1,697.2 Circulation Revenue 109.7 108.6 1% 107.4 2% 432.6 Others 47.5 43.5 9% 43.2 10% 174.2 License Fees 5.3 5.2 5.3 21.3 Raw
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Cr) Mar-18 Mar-17 EQUITY AND LIABILITIES (Rs. In Cr) Mar-18 Mar-17 Non-Current Assets 2,051.3 2,154.2 Equity and Liabilities 2,287.1 2,391.2 Property, plant and equipment incl. CWIP 525.7 656.1 Investment Property Equity share capital 62.3 65.4 90.8 0.0 Good
Slide 30: Group Introduction
Group Introduction Group Introduction
Slide 31: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Strong GROWTH Potential: FASTEST growing Undisputed LEADER: RIGHT mix of stability media: and scalability: ✓ Reaping benefits of geographical ✓ Dainik Jagran leads the IRS 2017 expansion and diversified market rankings with a total readership ✓ P
Slide 32: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 70.58% of Music Broadcast Limited Activation OOH (RadioCity) 31
Slide 33: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 77+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab #1 Hindi Website in read daily- Dainik (Urdu) Jagran 9 Print News / Information Publications Category with over 40.58 mn unique and 1 9 Digital Media visito
Slide 34: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 33
Slide 35: Geographical Reach – From Jammu to Tamil Nadu
Geographical Reach – From Jammu to Tamil Nadu Jalandhar Hissar Patiala Karnal Enhancing Pan Bikaner Delhi Bareilly India Presence Agra Jaipur Lucknow Gorakhpur Ajmer Gwalior Kanpur Print Presence : Patna Udaipur Varanasi Kota Ranchi 13 State Ahmedabad Kolkata Baroda Jamshedpur Jalgaon Surat Akola Na
Slide 36: Awards in the Quarter
Awards in the Quarter Recognising Group’s leadership position in different fields of operations, various distinguished bodies like INMA, WAN IFRA, Golden Mikes, Abbys, ACEF, WOW etc. have bestowed 113 Awards upon the Group during the quarter MBL Best Companies to Work Golden Awards of Goa Fest WAN-I
Slide 37: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave amitjaiswal@jagran.com Contact: +91 9819916314, Email: payal.dave@sgapl.net Ms. Payal Sheth Contact: +91 9820452239, Email: payal.sheth@sgapl.net