Slide 1: HT Media Group Q4 & FY 2017-18 Consolidated Financial Results
HT MEDIA GROUP Q4 & FY 2017-18 Consolidated Financial Results 1
Slide 2: 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 3: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 10 Print 11 Print – English 13 Print – Hindi (HMVL) 16 Radio 20 Digital 23 Business Environment 25 Annexures 29 3
Slide 4: 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 advertising market continues to remain muted although local advertising has picked up, especially with small and mid-si
Slide 5: Consolidated Performance
CONSOLIDATED PERFORMANCE ENHT
Slide 6: Highlights of the Quarter
Highlights of the Quarter IRS Results Strong performance in IRS reinforces the loyalty of readers towards our brands 1 in Delhi-NCR, Delhi-NCR + Mumbai-Greater Mumbai, Punjab* 2 UP and Delhi-NCR in Bihar, Uttarakhand and Jharkhand Print Overall, Ad Revenue growth still eludes However, more cat
Slide 7: Financial Summary of the Quarter
Financial Summary of the Quarter (Rs Cr) Q4’17 Q4’18 Change % Operating Revenue 585 561 -24 -4% Operating EBITDA 73 81 7 10% Op EBITDA margin (%) 12% 14% PAT 26 75 49 194% PAT margin (%) 4% 12% EPS (Rs per Share) 1.1 3.2 2.1 194% Net Cash* 1,156 1,424 267 23% *As at 31st Mar 7
Slide 8: Full Year Performance Recap
Full Year Performance Recap Revenue slowdown on account of GST Intensive cost rationalisation exercise 1 2 and lingering effect of demonetisation drove improvement in profits Op Revenue (Rs Cr) Op EBITDA (Rs Cr) -4% 34% 2,452 2,346 400 298 FY’17 FY’18 FY’17 FY’18 Margin expansion reflects ability to
Slide 9: Longer Term Performance Trend
Longer Term Performance Trend Op Revenue (Rs Cr) Op EBITDA margin (%) PAT Margin (%) 12% 17% 2,346 14% 8% 2,048 FY'13 FY'18 FY'13 FY'18 FY'13 FY'18 Net Cash (Rs Cr) Revenue growth impacted by macroeconomic and regulatory events in last two fiscals 1,424 Benefits of cost rationalisation exercise
Slide 10: Business Unit Performance
BUSINESS UNIT PERFORMANCE 10
Slide 11: Print
PRINT HT GROUP DIGITAL RADIO 11
Slide 12: Print
1 Print FINANCIAL PERFORMANCE (Rs Cr) Q4’17 Q4’18 Change % FY’17 FY’18 Change % Operating Revenue 499 496 -2 0% 2,133 2,037 -95 -4% Operating EBITDA 77 87 10 13% 326 455 129 40% Op EBITDA margin (%) 15% 18% 15% 22% AD REVENUE (RS CR) CIRCULATION REVENUE (RS CR) -10% -3% 2% -9% 1,754 1,694 304 274 40
Slide 13: Print – English
ENHT PRINT — ENGLISH 13
Slide 14: Print – English (Quarterly)
1 (a) Print – English QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) 15% -2% 233 268 18 17 Q4’17 Q4’18 Q4’17 Q4’18 REVENUE DRIVERS + Revenue growth on the back of growth in volumes and yield improvement + Categories such as Entertainment, Real Estate, BFSI and E-commerce saw grow
Slide 15: Print – English (Full Year)
1 (b) Print – English FULL YEAR AD REVENUE (RS CR) FULL YEAR CIRCULATION REVENUE (RS CR) -3% -13% 1,063 1,033 83 72 FY'17 FY'18 FY'17 FY'18 REVENUE DRIVERS + Strong national advertising revenue growth led by higher yields + For full year, the growth sectors are FMCG, Entertainment and Luxury + Newsp
Slide 16: Print – Hindi
ENHT PRINT — HINDI 16
Slide 17: Print – Hindi Financial Summary
1 (b) Print – Hindi FINANCIAL SUMMARY (Rs Cr) Q4’17 Q4’18 Change % FY'17 FY'18 Change % Operating Revenue 234 202 -32 -14% 933 880 -53 -6% Operating EBITDA 57 26 -31 -54% 206 181 -24 -12% Op EBITDA margin (%) 24% 13% 22% 21% PAT 42 40 -2 -5% 190 175 -14 -8% PAT margin (%) 17% 18% 18% 18% EPS (Rs per
Slide 18: Print – Hindi (Quarterly)
1 (b) Print – Hindi QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -15% -11% 174 149 55 49 Q4’17 Q4’18 Q4’17 Q4’18 REVENUE DRIVERS + Some of the key categories such as Education, BFSI and Real Estate have started showing pickup in ad revenue - Ad revenue growth impacted by UP ele
Slide 19: Print – Hindi (Full Year)
1 (b) Print – Hindi FULL YEAR AD REVENUE (RS CR) FULL YEAR CIRCULATION REVENUE (RS CR) -4% 691 660 -9% 221 202 FY'17 FY'18 FY'17 FY'18 REVENUE DRIVERS + Growth sectors for full year were Luxury, Retail, BFSI and E-commerce + Continued expansion of circulation footprint in key markets - Ad revenue gr
Slide 20: Radio
PRINT HT GROUP DIGITAL RADIO 20
Slide 21: Radio Financial Performance
2 Radio FINANCIAL PERFORMANCE (Rs Cr) Q4’17 Q4’18 Change % FY’17 FY’18 Change % Operating Revenue 45 45 1 2% 159 178 19 12% Operating EBITDA 15 28 13 90% 40 70 30 74% Op EBITDA margin (%) 33% 61% 25% 39% EBIT 6 19 13 218% 10 35 24 236% EBIT margin (%) 13% 42% 6% 19% PERFORMANCE DRIVERS - Muted topli
Slide 22: Radio Longer Term Performance Trends
2 Radio LONGER TERM PERFORMANCE TRENDS Revenue (Rs Cr) EBITDA margin (%) 178 36% 39% 159 117 26% 25% 25% 93 99 78 0% FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 FY'13 FY'14 FY'15 FY'16 FY'17 FY'18 PERFORMANCE DRIVERS Strong revenue growth across the years Pace of topline growth has increased as licenses
Slide 23: Digital
PRINT HT GROUP DIGITAL RADIO 23
Slide 24: Digital
3 Digital QUARTERLY REVENUE (RS CR) FULL YEAR REVENUE (RS CR) 39 151 132 29 Q4’17 Q4’18 FY’17 FY’18 PERFORMANCE DRIVERS + News websites continue with topline growth - Overall revenue impacted by business restructuring 24
Slide 25: Business Environment
ENHT BUSINESS ENVIRONMENT 25
Slide 26: Business Environment
Business Environment Opportunities Signs of waning impact of De-monetisation and GST Pickup in Small and mid-sized businesses Improvement in macroeconomic environment expected to lead corporate earnings growth Better integration of print, radio and digital properties Consolidation opportun
Slide 27: Q&A Dial-in number
Q&A Dial-in number for Q&A +91 22 7115 8103 +91 22 6280 1202 27
Slide 28: 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 Karish Manchanda htmedia@churchgatepartners.com +91 22 6169 5988 28
Slide 29: Annexures
ENHT ANNEXURES 29
Slide 30: The HT Story – Enriching and Empowering India
The HT Story – Enriching and Empowering India 2007 2000 2015 1924 5 new editions Radio license 2010 acquisition in inaugurated by launched with Business newspaper localization focus phase 3 spectrum Mahatma Gandhi launched along with auction livemint.com and foray into 1960 hindustantimes.com educat
Slide 31: Content: Strong Brand Portfolio across Segments
Strong Brand Portfolio across Segments Content Pan-India content distribution footprint across traditional and new age channels 31
Slide 32: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd YoY Growth Seq YoY Growth Rs Crs (Except for EPS) Q4'17 Q4'18 Q3'18 FY'17 FY'18 (%) Growth (%) (%) Operating Revenue 585 561 -4% 625 -10% 2,452 2,346 -4% Raw Materials & change in inventory 159 161 1% 168 -5% 696 653 -6% Employee Cost 137 130 -5% 130 0% 584 513 -12% O
Slide 33: Consolidated Balance Sheet – HT Media Ltd
Consolidated Balance sheet – HT Media Ltd (Rs Cr) As at 31 Mar'17 As at 31 Mar'18 A ASSETS 1 Non- current assets Financial assets 2,039 1,838 Property, plant and equipment 609 539 Others 932 1,036 Total non-current assets 3,581 3,413 2 Current assets Inventories 155 125 Financial assets 771 1,331 Ot
Slide 34: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd YoY Growth Seq Growth YoY Growth Rs Crs (Except for EPS) Q4'17 Q4'18 Q3'18 FY'17 FY'18 (%) (%) (%) Operating Revenue 234 202 -14% 230 -12% 933 880 -6% Raw Materials & change in inventory 81 87 7% 90 -2% 349 358 3% Employee Cost 25 24 -1% 23 6% 94 94 0%
Slide 35: Consolidated Balance Sheet – Hindustan Media Ventures Ltd
Consolidated Balance sheet – Hindustan Media Ventures Ltd (Rs Cr) As at 31 Mar'17 As at 31 Mar'18 A ASSETS 1 Non- current assets Financial assets 820 683 Property, plant and equipment 170 156 Others 152 97 Total non-current assets 1,142 936 2 Current assets Inventories 47 49 Financial assets 270 653
Slide 36: IRS Results – Leadership Position in Key Markets
IRS Results – Leadership Position in Key Markets 1 1 Punjab Chandigarh Uttarakhand 1 Delhi UP 2 Bihar 2 1 Jharkhand 2 Mumbai 1 Source : IRS 2017 details are based on Average Issue Readership (AIR), unless otherwise mentioned 36
Slide 37: IRS Results – Hindustan Times Leads in Largest English Markets
IRS Results – Hindustan Times Leads in Largest English Markets 1 • #1 in Delhi-NCR for 15th time in a row • Undisputed leader with AIR of 17 lakh readers Delhi-NCR 1 • #1 in the two largest English daily markets combined • Entrenched #2 in Mumbai with ~71% of Times of Delhi-NCR + Mumbai- India’s rea
Slide 38: IRS Results – Hindustan Continues to be a Strong Player
IRS Results – Hindustan Continues to be a Strong Player in its Markets 1 in Bihar 2 in UP AIR of 49 lakh AIR of 96 lakh ~81% of market leader ~70% exclusive readership 59% Solus readership 1 in Uttarakhand 1 in Jharkhand 2in Delhi-NCR AIR of 10 lakh AIR of 13 lakh AIR of 11 lakh Source : IRS 2017 de