Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q3 FY24 Earnings Presentation
27 slides from Jagran Prakashan's earnings presentation, Feb 10, 2024
Slide 1: Stock exchange intimation letter
February 10, 2024 To, Manager–CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN ‘Exchange Plaza’, Bandra Kurla Complex, ISIN No.: INE199G01027 Dalal Street, Bandra (E)
Slide 2: Q3FY24 Result Presentation
Jagran Prakashan Limited Q3FY24 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
Comment from Chairman “Despite economy being resilient and maintaining a healthy growth momentum primarily aided by capex and spend on luxury and premium items by a small group of people, overall consumption by a large section of the society in urban as well as rural India remains muted. It does not
Slide 5: Group Key Highlights
Group Key Highlights ‘Strong Advertisement Strategic Integration of Further Strengthening our Strategy Realignment Revenue Growth led by Radio, Digital & Non- Position Yielding Results Festive season FCT to drive growth • JNM is amongst the top • Continues to maintain 10 news/information • Over the
Slide 6: Business Performance
Jagran Business © © gS ay) S| i & Si D al
Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +5% 0% +28% +43% CONSOLIDATED 511 406 406 105 97 488 82 68 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX +4% -1% +31% +44% 4
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 20.9% 25.0% 0% +20% 315 314 79 66 Leadership position remains intact Q3FY23 Q3FY24 Q3FY23 Q3FY24 PROFIT BEFORE TAX Registered operating margin of ~25% on 19.7% 25.8% back of lower newsprint price and continuous +32% control over
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +4% -7% ‘Dainik Jagran’, ‘Naidunia’ and 277 286 95 88 ‘Inext’ have recorded better Ad Revenue growth led by Festive season Q3FY23 Q3FY24 Q3FY23 Q3FY24 OPERATING PROFIT PROFIT BEFORE TAX Reports strong Operating Profit 18.3% 23.4% 16
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES 2nd Highest client count +11% +12% share in the Industry with 60 51 40% in 9MFY24 55 45 Radio City’s Market share* is 19% in Q3 FY24 39% of the total clients Q3FY23 Q3FY24 Q3FY23 Q3FY24 on the Radio platform advertised on Radio City OPE
Slide 11: Group Digital Business Performance
Group Digital Business Performance OPERATING REVENUE OPERATING PROFIT JNM is amongst the top 10 news/information category in JNM* in the +25% +118% India News/Information category 28 4.3 reached out to ~68 Mn Total Unique Visitors, 22 454 Mn Total Views, 361 Mn Minutes Time spent Investment in vario
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT Major Shift in Strategy yielding results +25% +25% with Strong Revenue Growth 48 4 39 3 The Company aims to increase the share of revenue generated from asset-based businesses, which are known for their stability and higher p
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -1% -4% 14 14 3.1 3.0 Strong Growth in Operating Profit on back to Cost Control Q3FY23 Q3FY24 Q3FY23 Q3FY24 OPERATING PROFIT PROFIT BEFORE TAX Strong Cost measures results in +70% turnaround at PBT level on YoY basis 0.9 1.6 0.9
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +14% -5% 38 13 12 33 Q3FY23 Q3FY24 Q3FY23 Q3FY24 OPERATING PROFIT PROFIT BEFORE TAX +231% +414% 9 8 3 2 Q3FY23 Q3FY24 Q3FY23 Q3FY24 13 In Rs. Crs ^ Includes Naidunia, I-next, Punjabi Jagran, Inquilab and Magaznie
Slide 15: Financial Performance
Jagran Financial ® S) q w g a & 7 o) Oy + =
Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 415 107 105^ 302 226 101 102 102 FY18 FY19 FY20 FY23 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21 FY23 Distribution of ~ Rs. 450 crores as Distribution of ~ Rs. 1,200 crores Distribution of ~ Rs
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q3FY24 Q2FY24 Q3FY23 Operating Revenue 17.17 16.39 17.57 Advertisement 13.60 12.81 13.75 Circulation 2.99 2.98 3.11 Other Operating Income 0.58 0.60 0.71 Expenses 15.62 15.71 16.65 Operating Profit 1.56 0.68 0.92 Operating Profit Margin 9.07% 4.
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q3FY24 Q2FY24 Q3FY23 Operating Revenue 60.44 52.44 54.67 Expenses 50.95 46.06 45.34 Operating Profit 9.49 6.38 9.33 Operating Profit Margin 15.70% 12.16% 17.07% Other Income 5.81 5.70 5.21 Depreciation and Amortisation 8.42 8.28 8.18 Interest 2.44 2.
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q3FY24 Q2FY24 Q3FY23 Dainik Jagran* Operating Revenue 314.05 280.36 314.52 Operating Profit 78.70 51.26 65.71 Operating Margin 25.06% 18.28% 20.89% Other Publications* Operating Revenue 67.16 67.04 63.93 Operating Profit 10.19 10.29 3.46 Operating M
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY Operating Revenues 510.96 488.16 5% 458.73 11% 1,424.27 1,396.79 2% Advertisement Revenue * 366.77 346.50 318.61 994.75 969.11 Circulation Revenue 88.32 94.80 89.72 273.17 280.84 Other Operati
Slide 21: Group Introduction
Group Introduction Group Introduction
Slide 22: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing media: RIGHT mix of stability Potential: ✓ Dainik Jagran leads the IRS 2019 and scalability: Q4 rankings with a total readership of 6.9 Crs.* ✓ Radio business has retained its ✓ Registered a reach
Slide 23: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% 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* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 for Jagran News / Information 10 Category in Digital Media Publications 19 Digital Media Portals 5 Business Vertica
Slide 25: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 24
Slide 26: Awards & Certifications
Awards & Certifications Brand Award No. of Awards Asian Media Awards, WAN-IFRA 4 Dainik Jagran Dainik Jagran Total 4 Indian Content Marketing Awards 4 Radio City Radio City Total 4 Talentrack Awards 2023 1 Midday Midday Total 1 Recognizing Group’s leadership E4m Redcarpet Awards 2023 1 position in d
Slide 27: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya / Ms. Ami Parekh amitjaiswal@jagran.com Email: jigar.kavaiya@sgapl.net / ami.parekh@sgapl.net Contact: +91 9920602034 / +91 8082466052 www.jpl