Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Singapore Press Holdings — 3Q 2017 Earnings Presentation

18 slides from Singapore Exchange's earnings presentation, Jul 14, 2017

  1. Slide 1: Singapore Press Holdings Limited 3Q 2017 Financial Results

    Singapore Press Holdings Limited 3Q 2017 Financial Results July 14, 2017

  2. Slide 2: ! " # $ % %& ' ' &( )' & * !& (

    ! " # $ % %& ' ' &( )' & * !& ( ( !' (+ && ( %& ,- * . ,- )' &/ & ( ' 0 % +' ! ! ( ( ' ( %& 1 ! ( 2#!& ( ' !' + &( ' ( !& ( %/ ,- 3 )' ' ! ' ( / ( ' % 2

  3. Slide 3: ! " # $ % %& ' ' &( )' & 4)5 * !&

    ! " # $ % %& ' ' &( )' & 4)5 * !& ( (. • !' (+ && ( %& ,- 4)5 * . ,- 6 ( • 7' ,- & ' ( % + ( ! 2#!& ( ' % !' + &( ' ( !& ( %/ ,- 3 )' ' ! ' ( / ( ' % 3

  4. Slide 4: ! " # ( " / ' $ % %& $ % '%(&) *

    ! " # 8 ( " / ' $ % %& $ % '%(&) * + • 9( ( !& ( ,- 3 • 7!& ( ! ( ,- 3 , - • : ' & ! ' ; < & ! • !& ( ( = && /: & '! ! !> 9 & ,- 4

  5. Slide 5: , 2'3 )0 ( " / ) / ( ' ( % + (

    , 2'3 )0 4 8 ( " / ) / ( ' 8 ( % + ( !' %5$& $ ' %( ) * + • ? ( !& &&/ ( %/& + + (( ! ! , - • : ' & ! • 7 % 7' + " - + .# / • 5 ! &/( & & ' ( & ! • ' & !& ( % * + 0 # 1 + / / • 7' ,- & ' ( % + ( ! • !' (+ && ( %& ,- 4)5 * . ,- 5

  6. Slide 6: Media Advertisement Revenue Composition (S$386.8m)

    Media Operating Revenue Composition Advertisement Revenue Composition (S$776.2m) (S$386.8m) 10.7% 21.0% 23.7% 49.8% 25.3% 53.7% 15.8% Advertisements (Media) Display Circulation Classified* Rental & Services Magazines & Others Other revenue * Classified includes Recruitment and Notices 6

  7. Slide 7: Newspaper Ad Revenue Y-O-Y Change (%)

    6+# / 7 / +1 7 5.0% Newspaper Ad Revenue Y-O-Y Change (%) 0.0% -5.0% -7.5% -10.0% -8.6% -10.4% -11.7% -12.5% -12.5% -15.0% -14.4% -15.0% -16.0% -16.6% -20.0% -19.3% -18.5% -21.5% -21.5% -21.6% -25.0% 4Q 2016 FY2016 1Q 2017 2Q 2017 3Q 2017 Display Classified* Newspaper Ad * Classified includes Recrui

  8. Slide 8: Daily Average Newspaper Circulation

    / + 0- + '000 Daily Average Newspaper Circulation 400 350 300 250 200 150 100 50 0 The Straits The Lianhe Lianhe Shin Min Berita Tamil Times/ The Business Zaobao Wanbao Daily News Harian/ Murasu/ Sunday Times Berita Tamil Times Minggu Murasu Sunday YTD 3Q 2017 (Print) YTD 3Q 2017 (Digital) YTD 3Q 20

  9. Slide 9: YTD 3Q 2017 Operating Expenditure Cost Composition (S$631.2m)

    1 + 8 YTD 3Q 2017 Operating Expenditure Cost Composition ,-< (S$631.2m) 7' & ( 6.0% 3.7% 5.7% % + ( 2.5% 12.6% ! 13.7% (+ && ( %& 4.5% 7.6% $ + 43.7% " ! Newsprint Other Materials, Production & Distribution Costs Staff Costs 5 ! Premises Costs Depreciation Other Operating Expenses ' # Charges from m

  10. Slide 10: Staff costs well-contained

    Staff costs well-contained YTD 3Q 2017. YTD 3Q 2016 came Headcount as at end-May 4,473 4,229 5.8 Staff Costs (S$'000) 275,631 277 384 (0.6) 10

  11. Slide 11: Average Newsprint Charge-Out Price & Monthly Consumption

    9 1 4 + Average Newsprint Charge-Out Price & US$ MT Monthly Consumption 525 7,500 500 6,872 7,000 486 486 484 483 475 6,500 6,367 450 6,000 5,769 5,835 425 5,500 400 5,000 4Q 2016 1Q 2017 2Q 2017 3Q 2017 LHS - Prices RHS - Avg Mthly Consumption 11

  12. Slide 12: Recurring Earnings and Operating Margin

    + / S$'m Recurring Earnings and Operating Margin 140 40.0% 120 35.0% 30.0% 100 25.0% 80 20.0% 60 15.0% 40 10.0% 20 5.0% - 0.0% 3Q 2013 3Q 2014 3Q 2015 3Q 2016 3Q 2017 Operating Profit^ Operating Margin ^ Excluding impairment charges on goodwill and intangibles 12

  13. Slide 13: +, - / • $ " / ! $" + ,- • 9&& 7&

    +, - / • $ " / ! $" + 3 ,- • 9&& 3 7& 8 && # & + (+ ' 3 & • 3 , & 8 && & ( + & 13

  14. Slide 14: Group Investible Fund (S$1.1b)

    # 0 + Group Investible Fund (S$1.1b) • 7 ! ( 11.6% 43.0% && ! ! ( ! & • ? # ! ( % 40.6% 4.8% ! + ' & + 1A & & & / Equities Bonds Investment Funds Cash and deposits (As at May 31, 2017) 14

  15. Slide 15: " ! + • )' ; ! & ( ' & , !' C

    " ! + • )' ; ! & ( ' & , !' C ! ( D,- )' ; # ! ! # &/ ,- ' ( ' # ( • , !' & !& ( % 8 & / = (8/ • )' ; && , !' ( , !' ' & !& ( % )' & ( ( ( 15

  16. Slide 16: Property

    Property a6 | TOPOF THENEWS SPH, Kajima make top bid for Bidadari site « | THESTRAITSTIMES | WEDNESDAY, JUNE 14,2017 | Consortium offers $1.132b for mixed commercial and residential plot, which attracts a total of 12 bids Seow Bei Yi A consortium linked to Singapore Press Holdings (SPH) and Kajima D

  17. Slide 17: Healthcare

    Healthcare (J vagy THE STRAITS TIMES SPH enters healthcare sector with Orange Valley acquisition ‘SPH has acquired Orange Valley Healthcare. which runs nursing homes in Changi, Clementi (pictured), Marsiling, Simei and Sims Avenue. PHOTO: ORANGE VALLEY © PUBLISHED APR 25, 2017, 5:30 PM SGT | UPDATED

  18. Slide 18: Thank you

    Thank you Please visit www.soh.com.sg for more information.

Singapore Press Holdings — 3Q 2017 Earnings Presentation on 6ix