Db Corp. Ltd. · NSE:DBCORP
Db — Investor Presentation (February 2020)
27 slides from Db's investor presentation, February 2020
Slide 1: D B Corp Ltd. Investor Presentation
D B Corp Ltd. Investor Presentation February 2020 VALUES – Trendsetting | Result-oriented | Analytical | Connected 1
Slide 2: Disclaimer
Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dainik Bhaskar Group (DB Corp Ltd.) about its business and the industry
Slide 3: Indian Media & Entertainment Industry
Indian Media & Entertainment Industry Media Sector – Strong & Consistent Growth (INR bn) 1674 1262 1473 1026 1157 918 2013 2014 2015 2016 2017 2018 • M&E industry size was Rs. 1674 bn in 2018, which grew by 13% over 2017. • Expected CAGR growth is 12% till 2021. Media Spend as % of GDP 0.88% 0.70% 0
Slide 4: Consistent Higher % Growth of Indian Language Newspapers
Consistent Higher % Growth of Indian Language Newspapers • Print is growing at an incredible 4.87% CAGR over a 10 year period from 2006 to 2016. • Absolute Hindi copies per day increased by 1.39 cr to 2.45 cr in 2016 from 1.06 cr copies in 2006. Hindi 8.76% Telgu 8.28% Kannada 6.40% Tamil 5.51% Mala
Slide 5: Dainik Bhaskar Newspaper Is World's 3rd Largest Circulated Newspaper
„Dainik Bhaskar‟ Newspaper Is World‟s 3rd Largest Circulated Newspaper WAN IFRA‟s World Press Trends Reports: 2019 3rd Rank (4.3 mn copies) 2016 4th Rank (3.8 mn copies) Top 3 newspapers as per 2019 Reports: Growth/ 2019 2016 2019 Title Country (De- 2013 Rank Copies Copies growth) 1 The Yomiuri Shim
Slide 6: Insights – Indian Readership Survey 2019 Q1
Insights – Indian Readership Survey 2019 Q1 Readership Base Continues to Expand Read in Last 1 Month (in crs) Increase Growth All India In Readers (%) IRS 2017 IRS 2019 Q1 (crs) Any Dailies 40.7 42.5 +1.8 Cr 4.6% Any Hindi Dailies 17.6 18.6 +1.0 Cr 5.3% Dainik Bhaskar 4.6 5.3 +0.6 Cr 13.9% Any Reg
Slide 7: Readership Base Expands Across Demographic Age Groups
Readership Base Expands Across Demographic Age Groups TR 12 – 15 YRS 16 – 19 YRS 20 – 29 YRS 30 – 39 YRS 40 – 49 YRS 50+ YRS Increase Growth Increase Growth Increase Growth Increase Growth Increase Growth Increase Growth (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) (lacs) (%) Any Dailies 2
Slide 8: Headroom for Print Growth
Headroom for Print Growth 80 Cr 19 Cr Can Read Population Any Publication Source: IRS 2019 Q1 | Urban + Rural 88
Slide 9: Urban India's #1 Newspaper Group
Dainik Bhaskar Group is Urban India‟s #1 Newspaper Group IRS 2019 Q3 AIR – URBAN | Main + Variant | Excluding Financial Dailies Dainik Bhaskar The Group Times Dainik of India Jagran 13.1 Mn. Group Group Readers 12.6 Mn. 10.3 Mn. Readers Readers Dainik Bhaskar Group : Dainik Bhaskar (Main + Variant)
Slide 10: Dainik Bhaskar continues to be Urban India's #1 Newspaper in NCCS-A and NCCS-AB
Dainik Bhaskar continues to be Urban India‟s #1 Newspaper in NCCS-A and NCCS-AB segment NCCS AB NCCS A 7.78 mn 5.22 6.52 mn mn 5.41 4.78 mn mn 4.63 mn Dainik The Times Dainik Dainik Dainik The Times Bhaskar of India Jagran Bhaskar Jagran of India Source : IRS 2019 Q3 | AIR – URBAN | Main + Variant S
Slide 11: Dainik Bhaskar is largest circulated daily, as per ABC Jan–Jun'19
Dainik Bhaskar is largest circulated daily, as per Audit Bureau of Circulation Jan – Jun‟19 No. of copies: Main + Variant | in lakhs 6% 0.4% 43.2 45.7 13% 34.1 34.2 1% 1% 30.3 26.4 23.7 23.5 20.7 20.4 Dainik Bhaskar Dainik Jagran The Times of Malayala Amar Ujala (Hindi) (Hindi) India (English) Manor
Slide 12: Key Findings Readership & Circulation
Key Findings Readership & Circulation • Dainik Bhaskar featured as the only Indian newspaper in the World‟s Top 3 most circulated newspapers, in 2019, as per WAN IFRA World Press Trends Report 2019. The Other 2 newspapers are Yomiuri Shimbun and The Asahi Shimbun from Japan with 8.1 and 5.6 million
Slide 13: Key Findings Readership (IRS) & Circulation (ABC)
Key Findings Readership (IRS) & Circulation (ABC) • Dainik Bhaskar is inching closer to becoming the No.1 player in overall Rajasthan with increasing its lead in urban Rajasthan to 10% from 4% in last quarter and in Jaipur to 47% from 37% in the previous quarter (AIR–Urban| Main + Variant • Divya Bh
Slide 14: DB Corp Markets
DB Corp Markets Madhya Pradesh Dominant Chhattisgarh Dominant Haryana Dominant Chandigarh Dominant Rajasthan Largest Circulated Newspaper of overall Rajasthan Leader in Ahmedabad Gujarat Close No.2 in top 6 cities of Gujarat Now Close No.1 (with a gap of 16%) Bihar Further investing in copies for ov
Slide 15: D B Corp Ltd - The Largest Print Media Company In India
D B Corp Ltd - The Largest Print Media Company In India Major Business Brands Hindi Newspaper 11 States, 46 Editions Gujarati Newspaper 2 States, 9 Editions Marathi Newspaper 1 State, 6 Editions FM Radio Network 7 States, 30 Stations Digital & Mobile 9 Portals & 4 Apps 15 15
Slide 16: Current Focus - Editorial Direction
Current Focus - Editorial Direction DBCL‟s innovative initiatives aims at delivering contemporary, relevant and knowledge-focused stories to augment the connect with audiences: • DBCL is extending its editorial philosophy of Reader-Centric (Kendra Mein Pathak) to Knowledge & Ideation approach, „Har
Slide 17: CSR Initiatives – Q3 FY20
CSR Initiatives – Q3 FY 20 Dene Ka Sukh Sarthak Diwali • Campaign revolves • Celebrating since 2015 to around helping share joy of Diwali with underprivileged people. the underprivileged. • Dainik Bhaskar requested • This year, Dainik Bhaskar its readers to carry extra encouraged people to gift food
Slide 18: Radio Business
Radio Business Launched in 2006, 94.3 MY FM operates from 30 stations in 7 states 94.3 MY FM continues to be no.1. in markets of Madhya Pradesh, Chhattisgarh and Rajasthan and largest network in Chandigarh, Punjab and Haryana. Radio Phase 3 stations become profitable: Turned EBIDTA positive, f
Slide 19: Radio Snapshot
Radio Snapshot Total Revenue (Rs. mn) 1354 1549 1273 1159 801 960 1076 1065 465 372 FY FY FY FY FY FY Q3 Q3 9M 9M 2014 2015 2016 2017 2018 2019 FY 2019 FY 2020 FY 2019 FY 2020 EBIDTA (Rs.mn) & its Margin (%) 525 400 478 393 362 393 318 334 202 135 41% 37% 38% 27% 34% 40% FY FY FY FY FY FY Q3 Q3 9M 9
Slide 20: Robust Growth in Profits
Robust Growth in Profits Strong Focus on ROCE & RONW Low Debt Exposure High Net worth & Strong Balance Sheet c 6 8 @ = DB Corplid | @Memez Reionse diet EY com &) 20
Slide 21: Proven Track Record of Topline & Bottom Line Growth
Proven Track Record of Topline & Bottom Line Growth Total Revenue (Rs. mn) 11.4% 12 Yrs CAGR 24793 20800 16137 18883 17465 10741 6820 6616 6018 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 Q3 Q3 9M 9M FY 2019 FY 2020 FY 2019 FY 2020 Advertisement Revenue (Rs. mn) 11.3% 12 Yrs CAGR 17625 14812 13494 12075
Slide 22: Growth… (contd.)
Proven Track Record of Topline & Bottom Line Growth… (contd.) EBIDTA (Rs. mn) 15.3% 12 Yrs CAGR 5627 5209 3541 3974 4142 4249 946 1417 1447 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 Q3 Q3 9M 9M FY 2019 FY 2020 FY 2019 FY 2020 PAT (Rs. mn) 14.5% 12 Yrs CAGR 2966 2738 2509 2181 2194 1828 756 816 542 FY
Slide 23: Growth… (contd.)
Proven Track Record of Topline & Bottom Line Growth… (contd.) Return on Capital Employed (%) Return on Net Worth 34% 30% 33% 24% 22% 25% 21% 24% 17% 15% FY FY FY FY FY FY FY FY FY FY 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Earning Per Share (Rs.) Dividend Payout (with tax & buyback) (%) 20
Slide 24: Healthy Operating Profit In Our Mature Market
Healthy Operating Profit In Our Mature Market Rs MN Q3 (FY19-20) 9M (FY 19-20) Particulars Matured Emerging DBCL Matured Emerging DBCL Business Business* Standalone Business Business* Standalone Topline 5707 310 6017 16516 948 17464 EBIDTA (Before 1618 (172) 1446 4701 (453) 4248 Pre - opex) EBIDTA (
Slide 25: Financial Summary
Financial Summary Quarter Ended Half Year Ended Growth Growth Particulars (INR million) 16-Mar 17-Mar 18-Mar 19-Mar Q3 FY19 Q3 FY20 9M FY19 9M FY20 % % Advertising Income 14812 15973 16416 17625 4813 4248 -11.7% 13494 12338 -8.6% Circulation Revenue 4356 4814 4981 5237 1301 1321 1.6% 3964 3921 -1.1%
Slide 26: Board Of Directors
Board Of Directors Sudhir Agarwal 28 years of experience in the publishing and newspaper business Managing Director responsible for its long-term vision, business planning and performance monitoring Pawan Agarwal 14 years of experience in the publishing business Deputy Managing Director Head
Slide 27: For more information, please visit our website
For more information, please visit our website www.bhaskarnet.com VALUES – Trendsetting | Result-oriented | Analytical | Connected 27