Jagran Prakashan Limited · NSE:JAGRAN

Jagran Prakashan — Investor Presentation (August 2015)

29 slides from Jagran Prakashan's investor presentation, August 2015

  1. Slide 1: Jagran Prakashan Limited (JPL)

    Jagran Prakashan Limited (JPL) August 2015

  2. Slide 2: 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

  3. Slide 3: Outstanding Consolidated Quarterly Performance

    Outstanding Consolidated Quarterly Performance 135 Cr 113 Cr Operating Profit PBT 78 Cr PAT Before Extraordinary Item * 26% Growth YoY 38% 42% Growth YoY Growth YoY Outstanding Performance from existing businesses ... Radio City will contribute FULLY from Q2FY16 *Radio City Consolidated from 11th Ju

  4. Slide 4: Highest Growth in Advertisement Revenue

    Highest Growth in Advertisement Revenue Consolidated Print 12% Radio 8% Digital 10% 31% 4

  5. Slide 5: Print Business Performance Highlights

    Print Business Performance Highlights Operating Revenue Operating Profit Profit Before Tax 6.9% +21% +39% 440.5 129.0 113.8 412.0 106.6 82.1 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16  Operating Margins improved by ~340 bps from 25.9% to 29.3% Rs. Crores 5

  6. Slide 6: Print Business continues to Outperform...

    Print Business continues to Outperform... Operating Revenue Operating Profit Dainik Jagran Dainik Jagran 8% 7%  Operating Profit Margins 335.9 361.4 114.2 122.0 Sustained at 34% -Inspite of Challenging Economic Environment Other Publications Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Other Publications 191% 

  7. Slide 7: Consolidated Performance - Highest in the Industry..

    Consolidated Performance - Highest in the Industry.. Operating Profits Operating Margins % 26% 15% 134.8 Robust performance in 28.0 107.0 24.3 economically difficult time.. Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Profit Before Tax Profit Before Tax Margin % 38% 26% ..Company’s sustainable 113.0 23.5 strateg

  8. Slide 8: ...Due to our Sustainable Strategy

    ...Due to our Sustainable Strategy Supporting Customers and Investing into Long Term Relationships... …will lead to Gain in market share as economic environment improves… leading to ... Higher Growth ... Operating Leverage on Volume Gain ... Increasing Profitability 8

  9. Slide 9: Print, Radio & Digital ...

    Print, Radio & Digital ... Digital Business • Strengthens presence in New Media Platform • Leveraging Print & Radio leadership position • Presents an opportunity to engage specific target audience Radio Business • High Growth High Margin Business • Extension in Non Jagran Print Geographies • Enables

  10. Slide 10: Increased business diversity across India

    Increased business diversity across India Radio Stations Print Media Presence Andhra Pradesh / Telangna: J&K | Punjab | Hyderabad | Vizag Himachal Pradesh | Delhi Haryana | Uttrakhand | Delhi | Uttar Rajasthan: Pradesh | Jharkhand | Jaipur Bihar | West Bengal: Uttar Pradesh: Dainik Jagran Lucknow Ma

  11. Slide 11: Improving National Footprints

    Improving National Footprints Our Radio Presence Our Print Presence  One of India’s leading private FM Radio  The Largest Read Print Media Group of India Operator – 68 mn Readers, 121 Editions, 15 States, 12 – No.1 position in Mumbai, Bangalore & Lucknow Publications, 5 Languages  Presence 20 sta

  12. Slide 12: Key Digital Properties

    Key Digital Properties  23.3 mln Unique Users  4.5 mln Unique Users  267 mln Page Views  19.6 mln Page Views  12.2 mln Unique Users  4.4 mln Unique Users  68 mln Page Views  16 mln Page Views  Digital grows from Strength to Strength – Digital Ad Revenue grew by 31% to Rs. 4.39 crores from R

  13. Slide 13: Radio City – Quarterly Financial Performance

    Radio City – Quarterly Financial Performance Operating Revenue Operating Profit Profit After Tax * 10.3% +40% +74% 47.4 14.5 11.3 43.0 10.4 6.5 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16  Profit After Tax excluding exceptional item is Rs. 11.30 crores, a growth of 74%  PAT Margin excluding ex

  14. Slide 14: Radio City as part of Jagran Prakashan

    Radio City as part of Jagran Prakashan  Performance from date of Acquisition - 11th June 2015 to 30th June 2015 Rs. Crores Revenue 14.37 Advertising Revenue 13.08 Operating Profit 5.34 Operating Profit Margin 37.2% Profit Before Tax 4.68 Tax 0.0 Profit After Tax (before exceptional items) 4.68 Prof

  15. Slide 15: Financial Performance – Q1FY2016

    Financial Performance – Q1FY2016 15

  16. Slide 16: Quarterly Revenue Break-up

    Quarterly Revenue Break-up* Break Up – Rs Crores Break Up – % Contribution 481.1 440.3 481.1 440.3 35.1 8.1% 7.3% 35.7 100.5 21.7% 20.9% 95.7 5.1% 11.9% 308.9 345.6 70.2% 71.8% Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Others Circulation Advertising  Circulation Revenue growth of 5% driven by improvement in

  17. Slide 17: Consolidated Quarterly Profitability Statement

    Consolidated Quarterly Profitability Statement* Rs. Crores Q1FY16 Q1FY15 YoY Q4 FY15 QoQ FY15 Revenues 481.1 440.3 9.3% 422.7 13.8% 1,769.8 Advertisement Revenue 345.6 308.9 11.9% 292.9 18.0% 1,247.1 Circulation Revenue 100.5 95.7 5.1% 98.0 2.6% 390.1 Others 35.1 35.7 -1.9% 31.8 10.1% 132.6 Raw Mate

  18. Slide 18: Operating Margin break-up

    Operating Margin break-up Publications (Rs. Crores) Q1 FY16 Q1 FY15 FY15 FY14 Dainik Jagran Operating Revenue 361.4 335.9 1,358.4 1,258.0 Operating Profit 122.0 114.2 462.5 413.4 Operating margin 33.8% 34.0% 34.1% 32.9% Other Publications Operating Revenue 79.1 76.1 314.6 322.9 Operating Profit 6.9

  19. Slide 19: Net Debt as on June 30, 2015

    Net Debt as on June 30, 2015 Rs. in Crores Jun’14 Mar ’15 Jun ’15 External Net Debt Gross Cash Balance (A) 334.1 860.8 468.6 61 43 External Borrowings (B) 300.5 553.0 483.0 External Net Debt (B-A) = C -33.6 -307.8 14.4 Borrowings from Holding 95.0 95.0 29.0 Company (D) -213 Net Debt (C+D) = E 61.4 -

  20. Slide 20: Financials of Radio City

    Financials of Radio City Rs. Crores Q1 FY16 Q1 FY15 YoY Revenues 47.4 43.0 10.3% Expenses 32.9 32.6 Operating Profit 14.5 10.4 40.2% Operating Profit Margin 30.6% 24.1% Other Income 5.8 0.9 Depreciation & Amortisation 3.8 3.9 Interest 5.1 0.8 Profit Before Tax before Exceptional Item 11.3 6.5 74.2%

  21. Slide 21: Corporate Announcement

    Corporate Announcement  Board of Directors considered and approved the amalgamation of Suvi Info- Management (Indore) Private Limited (SUVI), a wholly-owned subsidiary of the Company subject to the approval of shareholders/ creditors and other regulatory authorities – SUVI does not have business ac

  22. Slide 22: Historical Financial Performance

    Historical Financial Performance 22

  23. Slide 23: Hindi Print Market survives the Negative Perception...

    Hindi Print Market survives the Negative Perception... Advertising Circulation 130 119 110 +9% 100 91 83 76 92 83 69 75 63 67 58 60 54 50 45 37 41 33 35 36 38 26 29 31 21 22 24 2010 2011 2012 2013 2014 2015p 2016p 2017p 2018p 2019p ... and continues to grow at a CAGR of 9 % Advertising : CAGR of 10.

  24. Slide 24: JPL: Consistent Growth in Revenue - Higher than Industry

    JPL: Consistent Growth in Revenue - Higher than Industry FY09-15 Revenue CAGR: 13.6% Advertising: 14.5% ( Industry : 11.7% ) Circulation: 12.1% ( Industry : 7.7% ) 1,770 1,703 133 1,521 158 1,356 154 390 359 1,221 152 315 129 265 942 238 823 88 75 216 197 1,247 1,186 1,053 854 938 552 638 FY09 FY10

  25. Slide 25: EBITDA & Margin

    EBITDA & Margin EBITDA Margin (%) 19% 30% 29% 23% 19% 22% 25% EBITDA 451 382 357 317 296 282 157 FY09 FY10 FY11 FY12 FY13 FY14 FY15  EBITDA Margins lower in FY12 & FY13 due to investments in new brands but have started improving [Rs. Crores] 25

  26. Slide 26: Net Profit & Margin

    Net Profit & Margin Net Profit Margin (%) 11% 18% 17% 13% 17% 13% 17% Net Profit 308 255 226 208 176 178 92 FY09 FY10 FY11 FY12 FY13* FY14^ FY15^ * FY 13 Profit After Tax are not comparable mainly due to tax benefits on accumulated losses of taken over print business of Naidunia ^ Includes sale of t

  27. Slide 27: Consistently Generating High Return on Equity

    Consistently Generating High Return on Equity RoE 16% 29% 30% 24% 27% 24% 27% Networth 1,134 932 962 752 702 613 560 FY09 FY10 FY11 FY12 FY13 FY14 FY15 [Rs. Crores] 27

  28. Slide 28: High Profit Sharing with Shareholders

    High Profit Sharing with Shareholders Payout 60% 53% 63% 49%* 56% 48%** DPS EPS 7.7 7.2 7.3 6.6 5.8 5.6 3.8 4.0 3.5 3.5 3.5 3.5 FY10 FY11 FY12 FY13 FY14 FY15 * Including Buyback of Rs. 47.5 crores ** Proposed Dividend of Rs. 3.5 per equity share 28

  29. Slide 29: For further information, please contact:

    For further information, please contact: Company : Investor Relations Advisors : Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave / Mr. Jigar Kavaiya amitjaiswal@jagran.com dpayal@sgapl.net / kjigar@sgapl.

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