Ht Media Limited · NSE:HTMEDIA
Ht Media — Q1 FY2018-19 Earnings Presentation
24 slides from Ht Media's earnings presentation, Aug 1, 2020
Slide 1: HT Media Group Q1 FY 2018-19 Consolidated Financial Results
HT MEDIA GROUP Q1 FY 2018-19 Consolidated Financial Results 1
Slide 2: Cautionary Statements
Cautionary Statements Certain statements in this presentation may be forward-looking statements. Such forward looking statements are subject to risks and uncertainties like regulatory changes, local political and economic developments, technological risks and many other factors that could cause our
Slide 3: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 8 Print 9 Print – English 11 Print – Hindi (HMVL) 13 Radio 16 Update of Proposed Transaction 18 Annexures 22 3
Slide 4: Chairperson’s Message
Chairperson’s Message Commenting on the results and performance, Mrs. Shobhana Bhartia, Chairperson and Editorial Director, HT Media Ltd and Hindustan Media Ventures Ltd said: “Advertising budgets continued to shrink, affecting growth despite a favourable base effect. Our revenue growth was also hit
Slide 5: Consolidated Performance
CONSOLIDATED PERFORMANCE =HHT
Slide 6: Highlights of the Quarter
Highlights of the Quarter Print Launched Hindustan Purnea edition during the quarter Muted corporate earnings and therefore low advertisement spend in Print business Pickup in local advertising even as national advertising growth remains elusive Spike in newsprint rates impacted operating ma
Slide 7: Financial Summary of the Quarter
Financial Summary of the Quarter (Rs Cr) Q1’18 Q1’19 Change % Operating Revenue 584 542 -42 -7% Operating EBITDA 70 36 -34 -49% Op EBITDA margin (%) 12% 7% # PAT 42 6 -36 -86% PAT margin (%) 6% 1% EPS (Rs per Share) 1.8 0.2 -1.5 -86% Net Cash* 1,182 1,228 46 4% *As at 30th Jun # Includes PAT from di
Slide 8: Business Unit Performance
BUSINESS UNIT PERFORMANCE =HHT
Slide 9: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 9
Slide 10: Print
Print FINANCIAL PERFORMANCE (Rs Cr) Q1’18 Q1’19 Change % Operating Revenue 513 478 -35 -7% Operating EBITDA 97 65 -33 -34% Op EBITDA margin (%) 19% 14% AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) -7% -3% 421 390 71 69 Q1’18 Q1’19 Q1’18 Q1’19 Delayed advertising recovery on account of macro factor
Slide 11: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 11
Slide 12: Print – English
Print – English QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -9% -4% 243 221 16 16 Q1’18 Q1’19 Q1’18 Q1’19 REVENUE DRIVERS + Key Sectors like Real Estate & E –commerce showed ad revenue growth. Education category posted muted growth. + Local to local showing better results back
Slide 13: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 13
Slide 14: Print – Hindi
Print – Hindi FINANCIAL SUMMARY (Rs Cr) Q1’18 Q1’19 Change % Operating Revenue 237 227 -10 -4% Operating EBITDA 51 19 -32 -62% Op EBITDA margin (%) 22% 9% PAT 48 13 -35 -72% PAT margin (%) 18% 6% EPS (Rs per Share) 6.5 1.8 -4.7 -72% Net Cash* 875 977 101 12% *As at 30th Jun 14
Slide 15: Print – Hindi
Print – Hindi QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -5% -3% 177 168 55 53 Q1’18 Q1’19 Q1’18 Q1’19 REVENUE DRIVERS + Some key categories showing pickup in ad revenue include Auto, FMCG, E-commerce and Real Estate. + Cover price actions have started yielding returns. Seque
Slide 16: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 16
Slide 17: Radio
Radio FINANCIAL PERFORMANCE (Rs Cr) Q1’18 Q1’19 Change % Operating Revenue 42 47 5 12% Operating EBITDA 11 14 3 27% Op EBITDA margin (%) 26% 30% EBIT 2 5 3 130% EBIT margin (%) 5% 11% PERFORMANCE DRIVERS + Operating leverage continues to drive margin expansion + Real Estate and Auto categories led a
Slide 18: Update on Proposed Transaction
UPDATE ON PROPOSED TRANSACTION 18
Slide 19: Proposed Transaction – Radio Business
Proposed Transaction – Radio Business Merger of Metro Radio Business of HT Media with Radio business of Next Mediaworks Ltd (NMW) Metro markets contribute 60-65% of the total radio advertising revenues Fever has been successful with metro market focused business strategy Transaction Rationale
Slide 20: Q&A
Q&A Dial-in number for Q&A +91 22 7115 8103 +91 22 6280 1202 20
Slide 21: HT Media Group
HT Media Group Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Amit Madaan Sankalp Raghuvanshi IR@hindustantimes.com +91 11 6656 1605 Saket Somani Ravi Gothwal IR@hindustantimes.com +91 22 6169 5988 21
Slide 22: Annexures
=HHT ANNEXURES 22
Slide 23: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q1’18 Q1’19 Q4'18 (%) (%) Operating Revenue 584 542 -7% 546 -1% Raw Materials & change in inventory 164 187 14% 161 17% Employee Cost 94 75 -21% 97 -23% Other expenses 255 245 -4% 215 14% Operating EBITDA 70 36 -49% 74 -51
Slide 24: P&L – Hindustan Media Ventures Ltd
P&L – Hindustan Media Ventures Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q1’18 Q1’19 Q4'18 (%) (%) Operating Revenue 237 227 -4% 202 12% Raw Materials & change in inventory 94 106 13% 87 22% Employee Cost 23 28 24% 24 15% Other expenses 69 73 5% 64 14% Operating EBITDA 51 19 -62% 26 -27% Mar