Ht Media Limited · NSE:HTMEDIA
Ht Media — Q2 FY2023-24 Earnings Presentation
25 slides from Ht Media's earnings presentation, Nov 8, 2023
Slide 1: Filing cover letter to stock exchanges
08th November 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532662 Trading Symbol: HTMEDIA Sub: Presentation on the Un-Audited Financial Re
Slide 2: HT Media Group Q2 FY 2023-24 Consolidated Financial Results
HT MEDIA GROUP Q2 FY 2023-24 Consolidated Financial Results
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: Chairperson's Message
Chairperson’s Message “The business environment improved significantly in the first half of the current financial year on the back of improved government spending. Your Company’s performance in the second quarter, compared to the year-ago period, saw higher operating margins despite muted revenue gr
Slide 5: Table of Contents
Table of Contents PARTICULARS SLIDE NO. Consolidated Performance 5 Business Unit Performance 7 Print 8 Print – English 10 Print – Hindi (HMVL) 12 Radio 14 Digital 16 Annexures 20 4
Slide 6: Consolidated Performance
CONSOLIDATED PERFORMANCE 5
Slide 7: Consolidated Financial Summary
Consolidated Financial Summary Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Total Revenue 448 427 -5% 445 -4% 1 EBITDA (12) (0) 97% 27 -101% EBITDA margin (%) -3% 0% 6% PBT1 (66) (50) 24% (21) -139% PBT margin (%) -15% -12% -5% Net Cash2 811 821 1% 902 -9% 1 EBITDA and PBT are before exceptiona
Slide 8: Business Unit Performance
BUSINESS UNIT PERFORMANCE 7
Slide 9: Business unit navigation: Print, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 8
Slide 10: Print
Print FINANCIAL PERFORMANCE Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Ad Revenue 268 244 -9% 244 0% Circulation Revenue 59 61 3% 60 1% Operating Revenue 344 324 -6% 324 0% Operating EBITDA (14) (0) 98% 2 -116% Op EBITDA margin (%) -4% 0% 1% KEY HIGHLIGHTS ▪ Advertisement revenue declined on
Slide 11: Business unit navigation: Print – English
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 10
Slide 12: Print – English
Print – English AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr) YoY QoQ YoY QoQ -9% +2% +35% +10% 17 17 130 132 16 146 13 132 Q2FY23 Q2FY24 Q1FY24 Q2FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY24 KEY HIGHLIGHTS ▪ Advertisement revenue declined on y-o-y basis but saw sequential improvement with growth in sectors
Slide 13: Business unit navigation: Print – Hindi
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 12
Slide 14: Print – Hindi
Print – Hindi AD REVENUE (INR cr) CIRCULATION REVENUE (INR cr) YoY QoQ YoY QoQ -8% -2% -5% -2% 122 112 115 112 46 45 44 44 Q2FY23 Q2FY24 Q1FY24 Q2FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY24 KEY HIGHLIGHTS ▪ For the quarter, advertisement revenue declined owing to a decrease in ad. volumes (i.e. shift in festiv
Slide 15: Business unit navigation: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 16: Radio
Radio FINANCIAL PERFORMANCE Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Operating Revenue 33 35 8% 35 2% Operating EBITDA 1 1 13% 2 -52% Op EBITDA Margin (%) 3% 3% 6% KEY HIGHLIGHTS ▪ Revenue growth continues on both y-o-y and q-o-q basis led by gains in non-FCT segment ▪ Operating EBITDA and
Slide 17: Business unit navigation: Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 18: Digital
Digital FINANCIAL PERFORMANCE Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Operating Revenue 33 36 10% 36 1% Operating EBITDA (22) (21) 2% (17) -25% Op EBITDA Margin (%) -66% -59% -48% KEY HIGHLIGHTS ▪ Revenue improvement on y-o-y basis with growth across all key business segments ▪ Operating E
Slide 19: Q&A
Q&A 1. To ask a question, Click on “Raise Hand” 2. On your turn, click on “Unmute Myself” 3. Ask your question 18
Slide 20: HT Media Group contact details
HT Media Group Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Aaditya Mulani IR@hindustantimes.com Anvita Raghuram htmedia@churchgatepartners.com 19
Slide 21: Annexures
ANNEXURES 20
Slide 22: Consolidated P&L – HT Media Ltd
Consolidated P&L – HT Media Ltd Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Operating Revenue 409 394 -4% 393 0% Other Income 39 33 -15% 52 -36% Total Revenue 448 427 -5% 445 -4% Raw Materials & Change in Inventory 161 125 -22% 135 -7% Employee Cost 96 101 5% 98 3% Other expenses 203 201 -1% 1
Slide 23: Consolidated Balance Sheet – HT Media Ltd
Consolidated Balance Sheet – HT Media Ltd As at 31 Mar'23 Particulars (INR cr) As at 30 Sep'23 ASSETS Non- current assets 1,311 Financial assets 1,107 989 Property, plant and equipment 963 419 Others 394 2,719 Total non-current assets 2,463 Current assets 157 Inventories 177 1,127 Financial assets 1
Slide 24: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (INR cr) Q2FY23 Q2FY24 YoY Q1FY24 QoQ Operating Revenue 176 165 -6% 169 -2% Other Income 21 22 3% 31 -30% Total Revenue 197 187 -5% 200 -7% Raw Materials & Change in Inventory 83 64 -23% 70 -9% Employee Cost 40 41 2% 39 4% Other expenses 84
Slide 25: Consolidated Balance Sheet – Hindustan Media Ventures Ltd
Consolidated Balance Sheet – Hindustan Media Ventures Ltd As at 31 Mar'23 Particulars (INR cr) As at 30 Sep'23 ASSETS Non- current assets 907 Financial assets 760 349 Property, plant and equipment 344 109 Others 113 1,365 Total non-current assets 1,217 Current assets 64 Inventories 51 687 Financial