Db Corp. Ltd. · NSE:DBCORP
Db — Investor Presentation (November 2019)
27 slides from Db's investor presentation, November 2019
Slide 1: D B Corp Ltd. Investor Presentation
D B Corp Ltd. Investor Presentation November 2019 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: 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 6: 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 7: Headroom for Print Growth
Headroom for Print Growth 80 Cr 19 Cr Can Read Population Any Publication Source: IRS 2019 Q1 | Urban + Rural 77
Slide 8: 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 9: Urban India's #1 Newspaper Group
Dainik Bhaskar Group is Urban India‟s #1 Newspaper Group IRS 2019 Q1 AIR – URBAN | Main + Variant | Excluding Financial Dailies Dainik Bhaskar The Group Times Dainik of India Jagran 13.2 Mn. Group Group Readers 12.7 Mn. 11.4 Mn. Readers Readers Dainik Bhaskar Group : Dainik Bhaskar (Main + Variant)
Slide 10: Dainik Bhaskar has the largest NCCS-AB and NCCS-A readers in Urban India
Dainik Bhaskar has the largest NCCS-AB and NCCS-A; readers in Urban India 5.18 7.73 6.96 5.47 mn mn 4.77 4.76 mn mn mn mn Dainik Bhaskar Dainik Jagran The Times of India NCCS A NCCS AB Source : IRS 2019 Q1 | AIR – URBAN Source: IRS 2017 AIR-URBAN | Excluding Financial Dailies 10
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: Indian Readership Survey Q2 2019 & ABC Key Findings
Key Findings Readership & Circulation Indian Readership Survey Q2 2019 & ABC (Jan-June‟19) Amongst the Top 5 Indian language Newspaper Group of India, Dainik Bhaskar Newspaper Group has registered highest growth in two consecutive quarters (Total Readership (TR) - Urban + Rural) • Dainik Bhaskar i
Slide 13: Indian Readership Survey Q2 2019 & ABC Key Findings (contd.)
Key Findings Readership & Circulation Indian Readership Survey Q2 2019 & ABC (Jan-June‟19) • In Gujarat, Divya Bhaskar was the only newspaper to register growth in readership has become close no 2 newspaper of Gujarat. Further in key markets of – Ahmedabad, Vadodra, Surat, Rajkot (AVSR) as well as
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 – Q2 FY20
CSR Initiatives – Q2 FY 20 Ek Ped Ek Zindagi‟ Mitti Ke Ganesh Dene Ka Sukh • Encouraged people to • Encouraged people to buy clay • Campaign revolves plant trees. idols for Ganesh Chaturthi. around helping • Planted approx.15 lakh underprivileged people. • Aimed at promoting idol trees since July’19
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 801 960 1076 694 693 377 316 FY FY FY FY FY FY Q2 Q2 H1 H1 2014 2015 2016 2017 2018 2019 FY 2019 FY 2020 FY 2019 FY 2020 EBIDTA (Rs.mn) & its Margin (%) 525 400 478 393 362 318 191 200 38% 34% 120 69 40% 41% 37% 27% FY FY FY FY FY FY Q2 Q2 H1 H1 2
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 10741 12267 11447 6820 5874 5336 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 Q2 Q2 H1 H1 FY 2019 FY 2020 FY 2019 FY 2020 Advertisement Revenue (Rs. mn) 11.3% 12 Yrs CAGR 17625 14812 12075 8085
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 2725 2802 946 977 1006 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 Q2 Q2 H1 H1 FY 2019 FY 2020 FY 2019 FY 2020 PAT (Rs. mn) 14.5% 12 Yrs CAGR 2966 2738 2181 1828 1438 1693 756 542 462 FY 2
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 Q2 (FY19-20) H1 (FY 19-20) Particulars Matured Emerging DBCL Matured Emerging DBCL Business Business* Standalone Business Business* Standalone Topline 5023 312 5335 10809 638 11447 EBIDTA (Before 1158 (153) 1006 3083 (282) 2802 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 Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 % % Advertising Income 14812 15973 16416 17625 4132 3670 -11.2% 8681 8089 -6.8% Circulation Revenue 4356 4814 4981 5237 1318 1286 -2.4% 2663 2600 -2.4%
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