Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q3 FY2021 Earnings Presentation
27 slides from Jagran Prakashan's earnings presentation, Feb 8, 2021
Slide 1: Intimation to Stock Exchange - Investor Presentation
THE W ORLD'S LA RGEST READ DAILY Jagran February 08, 2021 To, Manager-CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange oflndia Ltd., Symbol: JAGRAN 'Exchange Plaza', Bandra Kurla Complex, ISIN No.
Slide 2: Jagran Prakashan Limited Q3FY21 Result Presentation
Jagran Prakashan Limited Q3FY21 Result Q1FY17Presentation 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: Comment from Chairman and Managing Director
Comment from Chairman and Managing Director “When India is nearing Corona free times, I have no doubt in my mind that normalcy in every walk of life will return sooner than later. I also hope that after this unprecedented health crisis is largely overcome and the growth oriented budget is in place,
Slide 5: Group Key Highlights
Group Key Highlights Volume Uptick and Cost YoY growth in Volumes Digital reports YoY and Gradual Scaling Up of Savings led to Highest outperforming the QoQ growth in Topline Operations Ever Margins Industry and Operating Profits • Circulation and Ad Space • Volumes grew 9% YoY • Digital reported gr
Slide 6: Business Performance
Business Performance Strong Sequential Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 5
Slide 7: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 31.2% -4.3% 22.7% 41.0% 362 113 113 274 +40% +153% 196 140 44 Uptick in Revenue along with the prudent cost measures adopted Q3FY20 Q1FY21 Q2FY21 Q3FY21 -6 since the lockdown led to high Q3FY20 Q1FY21 Q2FY21 Q3FY21 operating mar
Slide 8: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE Print industry has recovered to 80%- 328 108 85% of Pre-lockdown Ad Space 239 79 84 74 +7% 154 +55% 86 Circulation revenue was ~85% of Q3FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 average pre-lockdown levels with key mark
Slide 9: Cost Savings have helped operating margins
Cost Savings have helped operating margins Cost of Raw Material Other Expense 195 181 -39% 180 171 167 176 160 162 158 158 -41% 144 122 97 85 81 72 68 60 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20* Q1FY21 Q2FY21 Q3FY21 In 9 months, saving
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING PROFIT Operating Cost saving of Rs. Maintains its leadership 70 22 40 Cr YTD till Dec was 29% position at 21% volume Cost Reduction compared to market share -YTD December 41 4 30 same period last year +37% 14 -3 -15 Q3FY20 Q1FY21 Q2FY21 Q3FY21 Q
Slide 11: Digital Business Performance
Digital Business Performance OPERATING REVENUE OPERATING PROFIT The digital business under Jagran New Media (JNM) registered a reach of 80 14 4 Million Users in the 13 +11% 12 Growth in Operating News/Information category; a +96% YoY growth of 6% 9 2 revenues as well as 2 Operating Profit on a YoY C
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance Topline is improving on a quarterly basis but OPERATING REVENUE OPERATING PROFIT still below pre-lockdown levels 33 2 Operations are expected to turn 20 profitable from early next fiscal year 10 +104% -2 -2 Operating losses increased due to 3 -4 certain provis
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance* ADVERTISMENT REVENUE CIRCULATION REVENUE Recorded operating & cash profit in the 17 5 month of December 8 3 Conversion of registered user into 2 +34% 4 +76% subscriber is same as per industry 1 2 benchmark Q3FY20 Q1 FY21 Q2 FY21 Q3FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 Volum
Slide 14: Other Publications Operating Performance
Other Publications Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE 44 20 32 14 12 +13% 24 +30% 9 13 Q3FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 I-next and Nai Dunia continue to do well and generate healthy operating profit while Inquilab and Punjabi Jagran have OPERATIN
Slide 15: Financial Performance
Financial Performance Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 14
Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Paid Buyback Total Distribution to Shareholders 125 351 458 112 107 302 415 230 105 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 Distributed ~ Rs. 1,100 crores in form of Distributed ~ Rs. 345 crores as dividend Distributed ~ Rs. 758 crores through dividend and
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q3FY21 Q2FY21 Q3FY20 Operating Revenue 10.94 6.55 22.36 Advertisement 7.89 4.49 16.90 Circulation 2.53 1.89 4.50 Other Operating Income 0.52 0.17 0.96 Expenses 11.70 12.17 21.99 Operating Profit -0.76 -5.62 0.37 Operating Profit Margin -6.93% -8
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q3FY21 Q2FY21 Q3FY20 Operating Revenue 40.67 30.08 69.64 Expenses 36.51 33.12 48.08 Operating Profit 4.16 -3.04 21.56 Operating Profit Margin 10.22% -10.10% 30.96% Other Income 5.02 2.92 4.16 Depreciation 8.24 8.28 8.90 Interest 0.83 0.96 2.48 Profi
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q3FY21 Q2FY21 Q3FY20 Dainik Jagran* Operating Revenue 274.26 196.16 361.37 Operating Profit 112.51 44.49 112.99 Operating Margin 41.02% 22.68% 31.27% Other Publications* Operating Revenue 54.03 41.24 82.61 Operating Profit 12.33 2.09 9.18 Operating
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Crs) Q3FY21 Q3 FY20 YoY Q2FY21 QoQ 9M FY21 9M FY20 YoY Revenues 402.6 553.0 -27% 289.1 39% 882.8 1,651.8 -47% Advertisement Revenue * 292.7 403.3 195.1 596.6 1,205.2 Circulation Revenue 84.3 107.5 79.3 237.6 323.3 Others 25.7 42.2 14.8 48.7 12
Slide 21: Group Introduction
Group Introduction Group Introduction
Slide 22: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print FASTEST growing Undisputed LEADER: Strong GROWTH media: RIGHT mix of stability ✓ Dainik Jagran leads the IRS 2019 Potential: ✓ Growth in Revenue and and scalability: Q4 rankings with a total Operating profit on YoY basis ✓ Print Business continue
Slide 23: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 73.21% of Music Broadcast Limited Activation OOH (RadioCity) 22
Slide 24: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 86+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 Jagran News / Information 10 Category Publications 15 Digital Media Portals 5 Business Verticals Leading Trusted by
Slide 25: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 24
Slide 26: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed 5 Awards upon the Group during the quarter JagranJosh received Gold Button on crossing 1Mn Jagran Information Technology Team won 4 subscribers on their YouTu
Slide 27: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya amitjaiswal@jagran.com Contact: +91 9920602034, Email: jigar.kavaiya@sgapl.net www.sgapl.net www.jplcorp.in