Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q3 FY2018 Earnings Presentation
32 slides from Jagran Prakashan's earnings presentation, Jan 30, 2018
Slide 1: Jagran – Intimation to Stock Exchange
THE WORLD'S LARGEST READ DAILY Jagran January 30, 2018 1) Manager-CRD, Fax No.022-22722037 /39/41 BSE Ltd., Re: Jagran Prakashan Limited Phiroze Jeejeebhoy Towers, Scrip Code: 532705 Dalal Street, ISIN No. INE199G01027 Mumbai-400001 2) Listing Manager, Fax: 022-26598237/38 National Stock Exchange of
Slide 2: Jagran Prakashan Limited Result Presentation January 2018
Jagran Prakashan Limited Q1FY17 January Result 2018 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: Q3FY18 & 9MFY18
Q3FY18 & 9MFY18
Slide 5: Management Commentary
Management Commentary Comment from Group CFO “Our group over the years has transformed itself from a Print Business to a Multi Media Conglomerate. We strategically deployed Capital in High Growth and Under Penetrated Businesses like Radio and Digital Businesses to achieve the next phase of growth. W
Slide 6: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print FASTEST growing Strong GROWTH media: RIGHT mix of stability Undisputed LEADER: Potential: ✓ Outperformed the players in the and scalability: ✓ Dainik Jagran leads the IRS 2017 Industry, reporting a business rankings with a total readership ✓ Main
Slide 7: Print Industry on growth stance
Print Industry on growth stance Newspaper Industry adds 11 cr new Readers since the last survey in 2014 ✓ The Indian Readership Survey has been released after a gap of 4 years ✓ With a sample of 3.2 lakhs, this is probably the largest sample survey of its kind ever in India ✓ As per the survey findi
Slide 8: Dainik Jagran at a Dominant Position
Dainik Jagran at a Dominant Position Continued Dominance for DJ: Dominance in UP: ✓ Leading with a Total Readership of 7 cr ✓ DJ continues to lead in UP ✓ Ahead of No.2 newspaper Hindustan ✓ Of the 15 cities reported, DJ leads in 12 by a margin of 1.8 cr readers cities on Average Issue Readership, t
Slide 9: Way Ahead of the Peers
Way Ahead of the Peers Jagran Group Dainik Jagran NaiDunia NaiDunia undisputed ~70.3 mn ~7.6 mn makes a Debut in Leader Readership Readership (including Navdunia) Top 10 Publications Figures in 000’ Incremental readership over Peers 70,377 +34% +53% +56% 52,397 46,094 45,105 +331% 16,326 Dainik Jagr
Slide 10: Consistent Performance in the Print Business…
Consistent Performance in the Print Business… Print Advertisement Revenue : Average Quarterly Revenue Growth of 11% from Q1FY16 to Q3FY18 Average ~331 Crs Average ~348Crs Average ~352 Crs 370 363 358 349 356 338 336 339 321 323 321 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY1
Slide 11: …with increasing Average Quarterly Operating Revenue
…with increasing Average Quarterly Operating Revenue Dainik Jagran QoQ Growth & Margins Average ~365 Crs Average ~383 Crs Average ~386 Crs 30.6% 33.6% 386 384 374 400 374 396 372 391 356 357 360 +5.2% 372 391 Q2FY18 Q3FY18 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18
Slide 12: MBL - Sustainable Performance over quarters
MBL - Sustainable Performance over quarters …Consistently maintained EBITDA Margins over 30% for last 3 consecutive quarters Revenue EBITDA PAT 31.5% 31.9% 30.6% 15.4% 16.8% 15.6% 76 76 24 23 13 70 22 12 11 Q1FY18 Q2FY18 Q3FY18 Q1FY18 Q2FY18 Q3FY18 Q1FY18 Q2FY18 Q3FY18 ✓ Yield Increase in 12 Maintai
Slide 13: MBL – Key Highlights
MBL – Key Highlights Over 15 Years of Experience in the Radio Industry with presence in 12 out Initiatives during the quarter of top 15 cities of Indian Population On 3rd October 2017, Radio City launched Star After the success of Radio City Cine Awards Tamil Express in Chennai, Coimbatore and Madur
Slide 14: Radio Digital - New Age Initiatives leading to ~2X Growth
Radio Digital - New Age Initiatives leading to ~2X Growth 48 Radio stations in 9 languages & 900+ playlists have generated a listenership of 30 Million 3.37 Mn Likes Applications 3.10 Lac Followers Launched: 0.46 Lac Followers 34.20 Mn Views Web Presence hindi.radiocity.in www.radiocity.in 3.00 Lac
Slide 15: Digital Business showing Highest Industry Growth
Digital Business showing Highest Industry Growth Digital Advertising Revenues of Print Business Average 5 Crs Average 7 Crs Average 8 Crs 9 9MFY18 vs. 9MFY17 8 8 8 7 6 7 6 5 Print Digital 5 4 23% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 In Rs. Crs 14 Note: The ave
Slide 16: Print Digital – Investing to Build leadership
Print Digital – Investing to Build leadership Our Digital Media Portfolio Indian website in overall Healthcare Industry with • For the quarter ended Dec 2017 3.4 Mn Unique Users growth in Digital Topline Education category ✓ 16.8% Growth at with over 3.6 Mn Rs. 7.8 Crs #1 Unique Visitors mn unique •
Slide 17: Long Term Strategy
Ce Jagran Ep Yo a fan} of oie) om —
Slide 18: We are Numero Uno Because …
We are Numero Uno Because … YET WE ARE No. 1 JPL Hindi Publications* ~77 mn readers Dainik Jagran is India’s #1 Daily^ Ahead of peers both in terms of Readership & Circulation No 1 website in Education Category and in overall Healthcare Our Leadership We do not chase Industry position is built on Bu
Slide 19: Growth with Gains in Non Print Business
Growth with Gains in Non Print Business Jagran Prakashan Peer Jagran Prakashan Peer +10.7% +9.1% 2,283 Radio + Digital Radio + Digital 1,522 Revenue : Revenue : Revenue ~13% ~8% FY13 FY17 FY13 FY17 ✓ We have higher proportion of revenue +22.3% +14.0% 640 coming from the High Growth New EBITDA 286 Ge
Slide 20: Financial Performance
Financial Performance
Slide 21: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q3 FY18 Q2 FY18 Q3 FY17 Operating Revenue 27.9 28.4 31.2 Advertisement 19.9 20.8 23.6 Circulation 7.2 6.7 6.9 Other Operating Income 0.7 0.8 0.7 Expenses 24.5 24.6 25.1 Operating Profit 3.3 3.8 6.1 Operating Profit Margin 11.9% 13.3% 19.7% Other
Slide 22: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q3 FY18 Q2 FY18 Q3 FY17 Operating Revenue 76.2 75.8 72.8 Expenses 52.9 51.6 46.2 Operating Profit 23.3 24.2* 26.6 Operating Profit Margin 30.6% 31.9% 36.6% Other Income 4.3 5.0 0.9 Depreciation 6.5 6.7 5.0 Interest 3.9 3.8 5.0 Profit Before Tax 17.2
Slide 23: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q3 FY18 Q3 FY17 Dainik Jagran* Operating Revenue 391.2 400.3 Operating Profit 131.5 151.6 Operating Margin 33.6% 37.9% Other Publications* Operating Revenue 88.6 90.4 Operating Profit 7.6 11.7 Operating Margin 8.6% 13.0% Digital Operating Revenue 7.
Slide 24: Consolidated Profitability Statement
Consolidated Profitability Statement Rs In Cr Q3 FY18 Q3 FY17 YoY Q2 FY18 QoQ 9M FY18 9M FY17 YoY Revenues 598.1 601.6 -1% 566.5 6% 1,755.9 1,720.9 2% Advertisement Revenue * 439.0 447.6 -2% 421.5 4% 1,299.8 1,277.2 2% Circulation Revenue 110.2 109.4 1% 106.3 4% 325.2 322.3 1% Others 48.8 44.6 9% 38
Slide 25: Shareholders’ Return
Shareholders’ Return Dividend % 175% 175% 100% 200% 175% 150% PAT Dividend Paid 350.8 349.3 308.0 BUY BACK 302.3 ▪ On 5th January 2017, 254.7 proposed a buyback of 226.2 207.8 1,55,00,000 Equity 178.3 Shares 128.6 128.6 137.4 ▪ In Q1FY18, completed 111.8 110.0 the buyback at a price of Rs. 195 per e
Slide 26: Reaching a New Scale
Reaching a New Scale THE JAGRAN WE HAVE BUILT THE JAGRAN YOU KNOW Largest Print player Building sustainable Multi media and robust businesses in Conglomerate Heritage each vertical Profitable Respect and credibility Country-wide Presence Value Maximizing Aggressive 25
Slide 27: Group Introduction
Group Introduction Group Introduction
Slide 28: Jagran Today
Jagran Today ~Rs.5400 Cr ~Rs.2200 Cr MARKET CAP MARKET CAP Print Digital Radio Jagran Prakashan Limited holds 70.58% of Music Broadcast Limited Activation OOH (RadioCity) 27
Slide 29: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage 76+ mn* #1 Print Dailies, India’s Largest* Dainik Jagran (Hindi) Readers read daily- Dainik Jagran 9 Print Publications and 1 9 Digital Media Magazine Portals 5 Business #1 website in Verticals Education Category Trusted by millions and in overall
Slide 30: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 29
Slide 31: Geographical Reach – From Jammu to Tamil Nadu
Geographical Reach – From Jammu to Tamil Nadu Jalandhar Hissar Patiala Karnal Enhancing Pan Bikaner Delhi Bareilly India Presence Agra Jaipur Lucknow Gorakhpur Ajmer Gwalior Kanpur Print Presence : Patna Udaipur Varanasi Kota Ranchi 13 State Ahmedabad Kolkata Baroda Jamshedpur Jalgaon Surat Akola Na
Slide 32: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave amitjaiswal@jagran.com Contact: +91 9819916314, Email: payal.dave@sgapl.net Ms. Payal Sheth Contact: +91 9820452239, Email: payal.sheth@sgapl.net