Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Q1 FY24 Earnings Presentation
27 slides from Jagran Prakashan's earnings presentation, Aug 14, 2023
Slide 1: Intimation to Stock Exchange covering letter
August 14, 2023 To, Manager–CRD, BSE Ltd., Scrip Code: 532705 Phiroze Jeejeebhoy Towers, ISIN No.: INE199G01027 Dalal Street, Mumbai-400001 Listing Manager, National Stock Exchange of India Ltd., Symbol: JAGRAN ‘Exchange Plaza’, Bandra Kurla Complex, ISIN No.: INE199G01027 Dalal Street, Bandra (E),
Slide 2: Q1FY24 Result Presentation
Jagran Prakashan Limited Q1FY24 Result Q1FY17Presentation Result 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: Comment from Chairman and Managing Director
Comment from Chairman and Managing Director “The Indian economy continues to do well on the strength of government capex unlike past decade in which growth was driven by consumption. Unfortunately, exports, start up and manufacturing remain under pressure partly due to global slowdown and partly due
Slide 5: Group Key Highlights
Group Key Highlights Maintains performance in Strategic Integration of Further Consolidating our Revenue growth challenging environment Radio, Digital & Non- Position continues FCT drives growth • Increase in circulation • JNM is amongst the top volumes • Market share at 19% in • Over the past few 1
Slide 6: Business Performance
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Slide 7: Resilient Performance
Resilient Performance OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX 0% +2% -10% +5% CONSOLIDATED 454 455 377 385 77 54 57 69 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 OPERATING REVENUE OPERATING EXPENSES OPERATING PROFIT PROFIT BEFORE TAX -2% +1% +1% -15% 394
Slide 8: Dainik Jagran – Operating Highlights
Dainik Jagran – Operating Highlights OPERATING REVENUE OPERATING PROFIT 23.5% 20.3% -2% -15% 290 285 68 Leadership position remains intact 58 Growth in circulation revenue is supported by an increase in the number of copies and stable yields Q1FY23 Q1FY24 Q1FY23 Q1FY24 PROFIT BEFORE TAX Registered o
Slide 9: Print Business Performance
Print Business Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -1% +2% 246 243 93 95 Print performance was satisfactory despite challenging environment Q1FY23 Q1FY24 Q1FY23 Q1FY24 OPERATING PROFIT PROFIT BEFORE TAX 19.2% 17.3% ‘Naidunia’ and ‘Inext’ have +9% recorded better growth in -11% reven
Slide 10: MBL: Operating Performance
MBL: Operating Performance OPERATING REVENUE OPERATING EXPENSES Enhanced liquidity 2nd Highest client count +20% +15% position at Rs. 302 share in the Industry with 41% in Q1FY24 53 46 Crores as on June 30, 44 40 2023 41% of the total clients Market share* is 19% in Q1FY23 Q1FY24 Q1FY23 Q1FY24 on th
Slide 11: Group Digital Business Performance
Group Digital Business Performance OPERATING REVENUE OPERATING PROFIT JNM in the JNM consolidated its video News/Information category -2% presence by clocking 58 Million reached out to ~79 Mn 21 2.6 20 Video Views in May’23** Total Unique Visitors* Investment in various digital platforms to support
Slide 12: Outdoor and Events Business Performance
Outdoor and Events Business Performance OPERATING REVENUE OPERATING PROFIT Over the past few quarters, +5% -10% Outdoor and Event businesses have 48 5 5 maintained strong performance and 43 margin expansion The growth in operating profit was supported by a change in strategy to increase revenue from
Slide 13: Mid-Day Operating Performance
Mid-Day Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE -7% +1% 14 2.9 2.9 13 Improved per copy realization during the quarter while maintaining consistent circulation volumes Q1FY23 Q1FY24 Q1FY23 Q1FY24 OPERATING PROFIT PROFIT BEFORE TAX Operating losses narrowed during the quarter o
Slide 14: Other Publications Operating Performance
Other Publications^ Operating Performance ADVERTISMENT REVENUE CIRCULATION REVENUE +11% +7% 29 13 14 26 Q1FY23 Q1FY24 Q1FY23 Q1FY24 OPERATING PROFIT PROFIT BEFORE TAX 2.2 1.0 -0.5 -1.9 Q1FY23 Q1FY24 Q1FY23 Q1FY24 13 In Rs. Crs ^ Includes Naidunia, I-next, Punjabi Jagran, Inquilab and Magaznie
Slide 15: Financial Performance
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Slide 16: Distribution to Shareholders
Distribution to Shareholders Dividend Buyback Total Distribution to Shareholders 125 351 345 458 450 112 415 107 105^ 302 226 101 102 102 FY18 FY19 FY20 FY23 FY18 FY19 FY20 FY21* FY23 FY18 FY19 FY20 FY21 FY23 Distribution of ~ Rs. 450 crores as Distribution of ~ Rs. 1,200 crores Distribution of ~ Rs
Slide 17: Mid-day Financial Performance
Mid-day Financial Performance Particulars (Rs. in Crs) Q1FY24 Q1FY23 Q4FY23 Operating Revenue* 16.56 17.6 17.57 Advertisement 13.05 14.04 13.98 Circulation 2.92 2.89 2.96 Other Operating Income 0.59 0.67 0.63 Expenses 16.65 18.28 16.64 Operating Profit -0.09 -0.68 0.93 Operating Profit Margin -0.5%
Slide 18: MBL Financial Performance
MBL Financial Performance Particulars (Rs. in Cr) Q1FY24 Q1FY23 Q4FY23 Operating Revenue 53.03 44.14 51.41 Expenses 45.96 39.89 45.99 Operating Profit 7.07 4.25 5.42 Operating Profit Margin 13.34% 9.64% 10.54% Other Income 5.65 4.5 5.17 Depreciation and Amortisation 8.23 8.21 8.17 Interest 2.4 0.53
Slide 19: Operating Margin Break-up
Operating Margin Break-up Particulars (Rs. in Crs) Q1FY24 Q1FY23 Q4FY23 Dainik Jagran* Operating Revenue 284.54 290.27 293.79 Operating Profit 57.88 68.16 70.09 Operating Margin 20.34% 23.48% 23.86% Other Publications* Operating Revenue 59.05 56.87 61.19 Operating Profit 1.17 -0.93 4.99 Operating Ma
Slide 20: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. in Cr) Q1FY24 Q1FY23 YoY Q4FY23 QoQ Operating Revenues 454.58 454.47 0% 459.39 -6% Advertisement Revenue * 309.37 304.92 321.30 Circulation Revenue 95.13 93.42 92.38 Other Operating Income 50.08 56.13 45.71 License Fees 4.99 4.79 4.90 Raw Materia
Slide 21: Group Introduction
Group Introduction Group Introduction
Slide 22: Value Proposition
Value Proposition PRINT RADIO DIGITAL Print Non Print Undisputed LEADER: Strong GROWTH FASTEST growing RIGHT mix of stability Potential: media: and scalability: ✓ Dainik Jagran leads the IRS 2019 Q4 rankings with a total ✓ Better outlook for H2FY24 readership of 6.9 Crs.* ✓ Radio business has retain
Slide 23: Jagran Today
Jagran Today Print Digital Radio Jagran Prakashan Limited holds 74.05% of Music Broadcast Limited Activation OOH (RadioCity) 22
Slide 24: Multi Media Conglomerate – Width, Depth and Heritage
Multi Media Conglomerate – Width, Depth and Heritage Two #1* Print India’s Largest* 83+ mn* Dailies, Dainik Jagran Readers (Hindi) and Inquilab read daily- Dainik (Urdu) Amongst Top 10 Jagran News / Information 10 Category in Digital Media Publications 19 Digital Media Portals 5 Business Verticals L
Slide 25: Brand Strength – Stability, Consistency and Trust
Brand Strength – Stability, Consistency and Trust PRINT BUSINESS DIGITAL BUSINESS RADIO BUSINESS jagran.com 24
Slide 26: Awards & Certifications
Awards & Certifications Recognizing Group’s leadership position in different fields of operations, various distinguished bodies have bestowed 64 Awards upon the Group during the Quarter • ACEF Global Customer Engagement Awards 2023 • Dataquest Digital Leadership Awards Radio City Team Jagran IT Team
Slide 27: Contact Us
Contact Us Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L22219UP1975PLC004147 CIN: U74140MH2010PTC204285 Mr. Amit Jaiswal Mr. Jigar Kavaiya amitjaiswal@jagran.com Contact: +91 9920602034, Email: jigar.kavaiya@sgapl.net www.jplcorp.in www.sgapl.net