Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q2 FY2018 Earnings Presentation
31 slides from Jagran Prakashan's earnings presentation, Nov 9, 2017
Slide 1: Stock exchange intimation letter
fae APTRU THE WORLD'S LARGEST READ DAILY November 9, 2017 1) Manager-CRD, BSE Ltd., Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai-400001 2) Listing Manager, National Stock Exchange of India Ltd., ‘Exchange Plaza’ Bandra Kurla Complex, Bandra (E), Mumbai-400 051 Dear Sir/Ma’am, Jagran Fax No.022-227
Slide 2: Jagran Prakashan Limited Result Presentation November 2017
Jagran Prakashan Limited Q1FY17 November Result 2017 Presentation 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jagran Prakashan Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: H1FY18
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Slide 5: Management Commentary
Management Commentary Comment from Group CFO “India’s economic growth slipped to a three-year low of sub 6% , underscoring the disruptions caused by uncertainty related to the GST rollout amid slowdown in manufacturing activities. We need to start ignoring the short term pains which , I agree , are
Slide 6: All businesses showing Strong Profitability
All businesses showing Strong Profitability Highest growth in Digital Advertising Revenue ✓ H1FY18 : 25% Print Digital ✓ H1FY18 : 50% Print + Radio Digital Digital Best Performing Radio Business ✓ Consistent Double Digit Revenue Growth ✓ Highest & Consistent EBITDA Margin above 30% Radio Consistent
Slide 7: Consistent Performance in the Print Business
Consistent Performance in the Print Business… Print Advertisement Revenue : Average Quarterly Revenue Growth of 6% for 30 months Average ~330 Crs Average ~347Crs Average ~350 Crs 369 362 357 348 337 336 338 321 322 358 320 370 363 349 338 339 336 321 323 321 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17
Slide 8: …with increasing Average Quarterly Operating Revenue
…with increasing Average Quarterly Operating Revenue Dainik Jagran H1FY18 vs. H1FY17 Average ~364 Crs Average ~382 Crs Average ~383 Crs 387 384 400 396 Naidunia 356 357 360 374 374 372 7.7% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Mid-Day Other Publications 4.7% Average
Slide 9: MBL - Double Digit Revenue Growth…
MBL - Double Digit Revenue Growth… …Consistently maintained EBITDA Margins at 32% in H1FY18 Q1FY18 Q2FY18 H1FY18 70 76 146 63 69 132 Q1FY17 Q1FY18 Q2FY17 Q2FY18 H1FY17 H1FY18 Revenue Growth 12% 10% 11% EBITDA Margin 31.5% 31.9% 31.7% In Rs. Crs 8
Slide 10: MBL – Key Highlights
MBL – Key Highlights Over 15 Years of Experience in the Radio Industry with presence in 12 out New Launches of top 15 cities of Indian Population Radio City Super Singer Junior Radio City Super Singer 9 India’s first singing talent hunt for budding Radio City Super Singer season 9 got young talent o
Slide 11: Digital Business showing Highest Industry Growth
Digital Business showing Highest Industry Growth Digital Revenues of Print Business H1FY18 vs. H1FY17 Average 5 Crs Average 7 Crs Average 8 Crs 9 8 8 6 7 6 7 Print Digital 5 5 4 25% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Digital Revenues of Print + Radio Business Avera
Slide 12: Print Digital – Investing to Build leadership
Print Digital – Investing to Build leadership Our Digital Media Portfolio Indian website in overall Healthcare • For the quarter ended Sept 2017 Industry growth in Digital Topline Education portal ✓ 33.9% Growth at “Jagranjosh.com” Rs. 8.5 Crs on Mobile with 5.1 #1 mn unique mn unique users • Page v
Slide 13: Radio Digital - New Age Initiatives leading to ~2X Growth
Radio Digital - New Age Initiatives leading to ~2X Growth 46 Radio stations in 8 languages & 400+ playlists have generated a listenership of 33 Million 3.24 Mn Likes Applications 2.77 Lac Followers Launched: 0.44 Lac Followers 22.25 Mn Views Web Presence hindi.radiocity.in www.radiocity.in 1.94 Lac
Slide 14: Long Term Strategy
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Slide 15: We are Numero Uno Because …
We are Numero Uno Because … JPL Hindi Publications* 62 mn readers Dainik Jagran is India’s #1 Daily^ Ahead of peers both in terms of Readership & Circulation Digital is Fastest Growing Our Leadership We do not chase Network in India position is built on Business Strategy is growth through Long Term
Slide 16: Growth with Gains in Non Print Business
Growth with Gains in Non Print Business Jagran Prakashan Peer Jagran Prakashan Peer +10.7% +9.1% 2,283 Radio + Digital Radio + Digital 1,522 Revenue : Revenue : Revenue ~13% ~8% FY13 FY17 FY13 FY17 ✓ We have higher proportion of revenue +22.3% +14.0% 640 coming from the High Growth New EBITDA 286 Ge
Slide 17: Financial Performance
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Slide 18: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q2 FY18 Q1 FY18 Q2 FY17 Operating Revenue 28.4 30.7 27.5 Advertisement 20.8 23.2 20.2 Circulation 6.7 6.8 6.6 Other Operating Income 0.8 0.7 0.8 Expenses 24.6 24.5 24.8 Operating Profit 3.8 6.2 2.7 Operating Profit Margin 13.3% 20.2% 9.9% Other
Slide 19: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Crs) Q2 FY18 Q1 FY18 Q2 FY17 Operating Revenue 75.8 70.3 69.2 Expenses 51.6 48.1 40.3 Operating Profit 24.2* 22.2 28.9** Operating Profit Margin 31.9% 31.5% 41.7% Other Income 5.0 4.7 0.8 Depreciation 6.7 6.4 4.5 Interest 3.8 3.9 4.1 Profit Before Tax 18
Slide 20: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q2 FY18 Q2 FY17 Dainik Jagran* Operating Revenue 371.9 373.5 Operating Profit 114.0 126.1 Operating Margin 30.7% 33.8% Other Publications* Operating Revenue 86.1 81.8 Operating Profit 5.0 2.1 Operating Margin 5.8% 2.5% Digital Operating Revenue 8.5
Slide 21: Consolidated Profitability Statement
Consolidated Profitability Statement Rs In Cr Q2 FY18 Q2 FY17 YoY Q1 FY18 QoQ H1 FY18 H1 FY17 YoY Revenues 566.5 554.8 2% 591.3 -4% 1,157.9 1,119.3 3% Advertisement Revenue * 421.5 412.0 2% 439.2 -4% 860.7 826.7 4% Circulation Revenue 106.3 105.9 0% 108.6 -2% 214.9 212.9 1% Others 38.7 37.0 5% 43.5
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. In Cr) Sep-17 Mar-17 EQUITY AND LIABILITIES (Rs. In Cr) Sep-17 Mar-17 Non-Current Assets 1,895.2 2,154.2 Equity and Liabilities 2,136.4 2,391.2 Property, plant and equipment incl. CWIP 633.0 656.1 Goodwill 337.7 337.7 Equity share capital 62.3 65.4 Other intang
Slide 23: Return Ratios
Return Ratios Return of Equity Return of Capital Employed 21.8% 30.1% 18.9% 26.8% Standalone FY17 Sept’18 (TTM) FY17 Sept’18 (TTM) 15.7% 22.3% 14.5% 20.8% Consolidated FY17 Sept’18 (TTM) FY17 Sept’18 (TTM) 22
Slide 24: Shareholders’ Return
Shareholders’ Return Dividend % 175% 175% 100% 200% 175% 150% PAT Dividend Paid 350.8 349.3 308.0 BUY BACK 302.3 ▪ On 5th January 2017, 254.7 proposed a buyback of 226.2 207.8 1,55,00,000 Equity 178.3 Shares 128.6 128.6 137.4 ▪ In Q1FY18, completed 111.8 110.0 the buyback at a price of Rs. 195 per e
Slide 25: Reaching a New Scale
Reaching a New Scale THE JAGRAN WE HAVE BUILT THE JAGRAN YOU KNOW Largest Print player Building sustainable Multi media and robust businesses in Conglomerate Heritage each vertical Profitable Respect and credibility Country-wide Presence Value Maximizing Aggressive 24
Slide 26: Group Introduction
Group Introduction Group Introduction
Slide 27: Jagran Today
Jagran Today ~Rs.5400 Cr ~Rs.2100 Cr MARKET CAP MARKET CAP Print Digital Radio Jagran Prakashan Limited holds 70.58% of Music Broadcast Limited Activation OOH (RadioCity) 26
Slide 28: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 68+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Jagran 9 Print Publications and 1 9 Digital Media Magazine Portals 5 Business Verticals Jagranjosh.com is Trusted by millions #1 P
Slide 29: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS 28
Slide 30: Geographical Reach – From Jammu to Tamil Nadu
Geographical Reach – From Jammu to Tamil Nadu Jalandhar Hissar Patiala Karnal Enhancing Pan Bikaner Delhi Bareilly India Presence Agra Jaipur Lucknow Gorakhpur Ajmer Gwalior Kanpur Print Presence : Patna Udaipur Varanasi Kota Ranchi 13 State Ahmedabad Kolkata Baroda Jamshedpur Jalgaon Surat Akola Na
Slide 31: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Ms. Payal Dave amitjaiswal@jagran.com Contact: +91 9819916314, Email: payal.dave@sgapl.net Ms. Payal Sheth Contact: +91 9820452239, Email: payal.sheth@sgapl.net