Ht Media Limited · NSE:HTMEDIA
Ht Media — Q4 FY2019 Earnings Presentation
26 slides from Ht Media's earnings presentation, May 2019
Slide 1: Intimation to exchanges: presentation on audited financial results
HT MEDIA LIMITED Regd. Office : Hindustan T imes House 18-20, Kasturba Gandhi Marg New Delhi - 110001 Tel.: 66561234 Fax: 66561270 www .hindustantimes.com E-mail : corporatedept@hindustantimes.com CIN : L22121DL2002PLC117874 Ref: HTML/CS/02/2019 To, The Listing Department The National Stock Exchange
Slide 2: HT Media Group Q4 FY 2018-19 Consolidated Financial Results
HT MEDIA GROUP Q4 FY 2018-19 Consolidated Financial Results 1
Slide 3: 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 4: 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 15 Other Update 17 Annexures 21 3
Slide 5: 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: “The sluggishness in the broader advertising environment due to muted ad spends by large corporate advertisers, coupled with
Slide 6: Consolidated Performance
CONSOLIDATED PERFORMANCE ZHT
Slide 7: Highlights of the Quarter and Full Year
Highlights of the Quarter and Full Year Consolidated Operating Revenue for Q4’19 at Rs 536 Cr (decline of 2% from Rs 549 Cr in Q4’18) and FY’19 at Rs 2,194 Cr (decline of 5% from Rs 2,299 Cr in FY’18) EBITDA* for Q4’19 at Rs 38 Cr (margin of 6%) and FY’19 at Rs 220 Cr (margin of 9%) Other deve
Slide 8: Consolidated Financial Summary
Consolidated Financial Summary Q4’18 Q4’19 Change % Particulars (Rs Cr) FY'18 FY'19 Change % 645 621 -24 -4% Total Revenue 2,581 2,436 -145 -6% 169 38 -131 -78% EBITDA* 646 220 -426 -66% 26% 6% EBITDA margin (%) 25% 9% 88 -21 -109 -124% PAT 352 -27 -379 -108% 14% -3% PAT margin (%) 14% -1% *before e
Slide 9: Business Unit Performance
BUSINESS UNIT PERFORMANCE ZHT
Slide 10: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 9
Slide 11: Print
Print FINANCIAL PERFORMANCE Q4’18 Q4’19 Change % Particulars (Rs Cr) FY’18 FY’19 Change % 417 394 -23 -5% Ad Revenue 1,694 1,587 -106 -6% 66 62 -4 -6% Circulation Revenue 274 273 -1 0% 496 467 -29 -6% Operating Revenue 2,037 1,921 -116 -6% 78 13 -65 -83% Operating EBITDA 416 105 -311 -75% 16% 3% Op
Slide 12: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 11
Slide 13: Print – English
Print – English AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) -8% -7% 1,033 946 72 67 -14% -11% 268 232 17 15 Q4’18 Q4’19 FY'18 FY'19 Q4’18 Q4’19 FY'18 FY'19 REVENUE DRIVERS + Traction in Government, Entertainment and BFSI categories during the quarter + Revival of Local advertising spends in the y
Slide 14: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 13
Slide 15: Print – Hindi
Print – Hindi AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) -3% 2% 660 642 202 206 -4% 9% 49 47 149 162 Q4’18 Q4’19 FY'18 FY'19 Q4’18 Q4’19 FY'18 FY'19 REVENUE DRIVERS + In the quarter, Government advertising saw growth on account of higher volumes and DAVP price increase. Categories such as FMCG a
Slide 16: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 15
Slide 17: Radio
Radio FINANCIAL PERFORMANCE Q4’18 Q4’19 Change % Particulars (Rs Cr) FY’18 FY’19 Change % 45 47 2 5% Operating Revenue 176 194 18 10% 28 16 -12 -43% Operating EBITDA 71 66 -5 -7% 62% 33% Op EBITDA margin (%) 40% 34% 19 7 -12 -64% EBIT 36 31 -5 -14% 43% 15% EBIT margin (%) 20% 16% PERFORMANCE DRIVERS
Slide 18: Other Update
ZHT OTHER UPDATE 17
Slide 19: Acquisition of Majority Stake in Next Mediaworks Ltd (NMW)
Acquisition of Majority Stake in Next Mediaworks Ltd (NMW) Company Brands Presence 15 stations in 13 cities (8 stations in 6 metros) 7 stations in 7 cities (all stations in metros) Acquisition of majority stake (51%) in NMW makes HT Media Ltd (HTML) the strongest radio company in metro markets H
Slide 20: Q&A Dial-in number for Q&A
Q&A Dial-in number for Q&A +91 22 7115 8103 +91 22 6280 1202 19
Slide 21: HT Media Group contact details
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 htmedia@churchgatepartners.com +91 22 6169 5988 20
Slide 22: Annexures
ZHT ANNEXURES 21
Slide 23: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd Q4’18 Q4’19 YoY (%) Q3'19 Seq (%) Particulars (Rs Cr) FY'18 FY'19 YoY (%) 549 536 -2% 594 -10% Operating Revenue 2,299 2,194 -5% 161 184 15% 217 -15% Raw Materials & change in inventory 653 776 19% 97 104 7% 104 0% Employee Cost 370 382 3% 218 295 35% 264 12% Other ex
Slide 24: Balance Sheet – HT Media Ltd
Balance Sheet – HT Media Ltd As at 31 Mar'18 Particulars (Rs Cr) As at 31 Mar'19 ASSETS Non- current assets 1,920 Financial assets 1,151 538 Property, plant and equipment 548 981 Others 1,003 3,439 Total non-current assets 2,702 Current assets 125 Inventories 163 1,303 Financial assets 2,013 77 Othe
Slide 25: P&L – Hindustan Media Ventures Ltd
P&L – Hindustan Media Ventures Ltd Q4’18 Q4’19 YoY (%) Q3'19 Seq (%) Particulars (Rs Cr) FY'18 FY'19 YoY (%) 202 213 5% 221 -3% Operating Revenue 880 866 -2% 87 92 5% 105 -13% Raw Materials & change in inventory 358 402 12% 24 27 10% 29 -6% Employee Cost 94 111 19% 64 85 32% 73 16% Other expenses 24
Slide 26: Balance Sheet – Hindustan Media Ventures Ltd
Balance Sheet – Hindustan Media Ventures Ltd As at 31 Mar'18 Particulars (Rs Cr) As at 31 Mar'19 ASSETS Non- current assets 683 Financial assets 583 156 Property, plant and equipment 200 97 Others 118 936 Total non-current assets 901 Current assets 49 Inventories 44 653 Financial assets 769 12 Other