Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Singapore Press Holdings — Shareholder Meeting (December 2015)
13 slides from Singapore Exchange's shareholder meeting presentation, Dec 1, 2015
Slide 1: AGM Presentation FY2015 Financial Results
AGM Presentation FY2015 Financial Results 1 December 2015
Slide 2: Group FY2015 financial highlights
Group FY2015 financial highlights FY2015 FY2014 Change S$’000 S$’000 % Operating revenue 1,177,080 1,215,184 (3.1) Operating profit# 353,500 348,963 1.3 Fair value gain on investment properties 36,258 109,076 (66.8) Investment income 51,707 48,215 7.2 Gain on partial divestment of 701Search - 52,863
Slide 3: Group FY2015 financial highlights: Operating revenue
Group FY2015 financial highlights FY2015 FY2014 Change Operating Revenue S$’000 S$’000 % Media^ 902,506 963,380 (6.3) Property 230,751 204,985 12.6 Others^ 43,823 46,819 (6.4) 1,177,080 1,215,184 (3.1) Media • Advertisement revenue fell S$53.7m (7.4%) • Circulation revenue fell S$10.1m (5.4%) Proper
Slide 4: Group FY2015 financial highlights: Profit before taxation
Group FY2015 financial highlights FY2015 FY2014 Change Profit/(Loss) before taxation Note S$’000 S$’000 % Media 241,480 255,664 (5.5) (a) Property 149,683 130,321 14.9 (b) Treasury and Investment 41,377 30,419 36.0 (c) Others (38,553) (49,952) (22.8) (d) 393,987 366,452 7.5 Fair value gain on invest
Slide 5: Advertising market remained soft
Advertising market remained soft 5.0% Newspaper Ad Revenue Y-O-Y Growth (%) 0.0% -5.0% -7.1% -7.1% -8.3% -7.9% -8.6% -8.4% -9.0% -8.4% -8.7% -10.0% -9.5% -9.0% -9.2% -10.5% -11.0% -12.6% -15.0% 1QFY15 2QFY15 3QFY15 4QFY15 FY15 Display Classified* Total * Classified includes Recruitment and Notices 5
Slide 6: Circulation copies maintained at last year's level
Circulation copies maintained at last year’s level '000 500 Daily Average Newspaper Circulation 450 400 350 300 250 200 150 100 50 0 The Straits The The New Lianhe Lianhe Shin Min Berita Tamil Times/ The Business Paper/ The Zaobao Wanbao Daily News Harian/ Murasu/ Sunday Times New Paper Berita Tamil
Slide 7: Well-managed cost base
Well-managed cost base FY2015 Cost Composition (S$851.2m) Newsprint 16.1% 3.9% 17.9% 43.7% Other Materials, Production 8.9% & Distribution Costs 0.8% 13.2% Staff Costs 5.8% Other Operating Expenses 1.0% 8.0% 7.5% Staff Cost Newsprint Premises Cost Depreciation Other Materials, Production & Distribut
Slide 8: Staff cost levels maintained
Staff cost levels maintained Change FY2015 FY2014 % Headcount as at end-August 4,237 4,204 0.8 Staff Costs (S$'000) 371,610 374,519 (0.8) 8
Slide 9: Newsprint prices to remain soft
Newsprint prices to remain soft US$ Average Newsprint Charge-Out Price & MT Monthly Consumption 650 10,000 600 586 9,000 573 550 546 7,847 521 8,000 7,830 500 7,610 7,000 450 6,811 400 6,000 1QFY15 2QFY15 3QFY15 4QFY15 LHS - Prices RHS - Avg Mthly Consumption 9
Slide 10: Property performance lifted by The Seletar Mall
Property performance lifted by The Seletar Mall Paragon The Clementi Mall The Seletar Mall • Net Property Income (NPI) grew 17.3% to S$174.1m boosted by maiden contribution from the fully leased Seletar Mall. • Paragon and The Clementi Mall also recorded higher rental income. • Market value for Para
Slide 11: Portfolio Investment Performance
Portfolio Investment Performance 4.1% return since inception Period in years^ Since inception (2001) 3 4.1% 5 2 3.2% 1 1 6.2% ^ As at August 31, 2015 11
Slide 12: Declared dividend per share of 20 cents
Declared dividend per share of 20 cents 7 cents interim, 13 cents final (cents) 35 120.0% 110.0% 30 107.8% 100.0% 25 102.1% 94.4% 96.2% 90.0% 90.2% 20 80.0% 24 24 22 21 15 20 70.0% 10 60.0% 2011 2012 2013^ 2014 2015 Interim & Final Div (LHS) Div Payout Ratio* (RHS) * Computed based on Group recurrin
Slide 13: Thank you
Thank you Please visit www.sph.com.sg for more information.
Singapore Press Holdings — Shareholder Meeting (December 2015) on 6ix