Ht Media Limited · NSE:HTMEDIA
Ht Media — Q3 FY2019 Earnings Presentation
22 slides from Ht Media's earnings presentation, Jan 17, 2019
Slide 1: Cover letter to stock exchanges on results presentation
HT MEDIA LIMITED Regd . Office : Hindustan Time s House = IIHr 18-20 , Kasturba Gandhi Marg New De l hi - 110001 Tel. : 66561234 Fax : 66561270 www . hindustant i mes.com E-mail : corporatedept@hindustantimes.com GIN : l22121Dl2002PLC117874 17th January, 2019 Ref: HTML/CS/02/20 19 The Listing Depart
Slide 2: HT Media Group Q3 FY 2018-19 Consolidated Financial Results
HT MEDIA GROUP Q3 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 Annexures 19 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 relatively weak festive season in 2018 hurt print advertising revenues. The adverse impact of higher raw material price
Slide 6: Consolidated Performance
CONSOLIDATED PERFORMANCE ENHT
Slide 7: Highlights of the Quarter
Highlights of the Quarter Consolidated Operating Revenue at Rs 589 Cr, down by 3% in Q3’19 Vs. LY Total Revenue including interest income at Rs 665 Cr, down by 2% EBITDA of Rs 85 Cr at a margin of 13% Consolidated PAT at Rs 43 Cr and PAT margins at 6% in Q3’19 Other developments - Announce
Slide 8: Financial Summary of the Quarter
Financial Summary of the Quarter (Rs Cr) Q3’18 Q3’19 Change % Total Revenue 682 665 -17 -2% EBITDA 198 85 -113 -57% EBITDA margin (%) 29% 13% PAT 137 43 -94 -69% PAT margin (%) 20% 6% EPS (Rs per Share) 5.3 1.5 -3.8 -72% Net Cash* 1,179 1,117 -62 -5% *As at 31th Dec 7
Slide 9: Business Unit Performance
BUSINESS UNIT PERFORMANCE ENHT
Slide 10: Print
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 9
Slide 11: Print
Print FINANCIAL PERFORMANCE (Rs Cr) Q3’18 Q3’19 Change % Ad Revenue 443 420 -23 -5% Circulation Revenue 68 70 2 3% Operating Revenue 539 514 -25 -5% Operating EBITDA 126 20 -106 -84% Margin (%) 23% 4% KEY DRIVERS + Local Ad revenue is showing good traction while National advertising has remained sof
Slide 12: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 11
Slide 13: Print – English
Print – English QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -4% -8% 266 256 19 18 Q3’18 Q3’19 Q3’18 Q3’19 REVENUE DRIVERS + Ad Revenue growth in sectors such as Real Estate, e-Commerce and Luxury sectors + Revival in Local advertising spends on the back of yield and volume gro
Slide 14: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 13
Slide 15: Print – Hindi
Print – Hindi QUARTERLY AD REVENUE (RS CR) QUARTERLY CIRCULATION REVENUE (RS CR) -7% 7% 177 164 48 52 Q3’18 Q3’19 Q3’18 Q3’19 REVENUE DRIVERS + Auto, Retail, e-Commerce and Durables sectors witnessed growth in ad revenue + Strong Traction in local advertising on the back of yield and volume growth +
Slide 16: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO 15
Slide 17: Radio
Radio FINANCIAL PERFORMANCE (Rs Cr) Q3’18 Q3’19 Change % Operating Revenue 46 53 7 14% Operating EBITDA 20 22 2 12% Op EBITDA margin (%) 42% 41% EBIT 11 13 2 20% EBIT margin (%) 23% 25% PERFORMANCE DRIVERS + Double digit Operating revenue growth in both old and new stations + Maintained healthy Op E
Slide 18: Q&A Dial-in number for Q&A
Q&A Dial-in number for Q&A +91 22 7115 8103 +91 22 6280 1202 17
Slide 19: 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 18
Slide 20: Annexures
ENHT ANNEXURES 19
Slide 21: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q3’18 Q3’19 Q2'19 (%) (%) Operating Revenue 609 589 -3% 513 15% Raw Materials & change in inventory 168 217 29% 188 15% Employee Cost 92 104 13% 99 5% Other expenses 224 259 16% 245 6% Operating EBITDA 125 9 -93% -19 147%
Slide 22: P&L – Hindustan Media Ventures Ltd
P&L – Hindustan Media Ventures Ltd YoY Growth Seq Growth Rs Crs (Except for EPS) Q3’18 Q3’19 Q2'19 (%) (%) Operating Revenue 230 221 -4% 206 7% Raw Materials & change in inventory 90 105 18% 99 6% Employee Cost 23 29 25% 27 7% Other expenses 59 73 24% 71 3% Operating EBITDA 58 13 -77% 8 58% Margin (