Ht Media Limited · NSE:HTMEDIA
Ht Media — Q3 FY2023 Earnings Presentation
23 slides from Ht Media's earnings presentation, Feb 14, 2023
Slide 1: Cover letter to stock exchanges on Q3 results presentation
14th February, 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 R
Slide 2: HT Media Group Q3 FY 2022-23 Consolidated Financial Results
HT MEDIA GROUP Q3 FY 2022-23 Consolidated Financial Results 1
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 third quarter of the ongoing fiscal year saw the continuation of the gradual recovery of our media businesses on the back of an improved industry-wide business environment and the annual festive season. However, persistent general inflation acted as a dampener resulting in
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 CONSOLIDATED PERFORMANCE KEY HIGHLIGHTS Particulars (INR cr) Q3FY22 Q3FY23 YoY Q2FY23 QoQ ▪ Total Revenue was down on y-o-y basis, primarily on account of a relatively muted Total Revenue 501 488 -2% 448 9% macro / festive business environment in the quarter. EBITDA1 1
Slide 8: Business Unit Performance
BUSINESS UNIT PERFORMANCE 7
Slide 9: Print, Print – English, Print – Hindi, Radio, Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 8
Slide 10: Print
Print FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY22 Q3FY23 YoY Q2FY23 QoQ Ad Revenue 323 284 -12% 269 5% Circulation Revenue 50 60 18% 59 1% Operating Revenue 396 368 -7% 344 7% Operating EBITDA 87 -4 -104% -14 73% Op EBITDA margin (%) 22% -1% -4% KEY HIGHLIGHTS ▪ Ad revenue declined on y-o-y ba
Slide 11: 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% +9% +122% +18% 176 160 160 147 15 15 13 7 Q3FY22 Q3FY23 Q2FY23 Q3FY23 Q3FY22 Q3FY23 Q2FY23 Q3FY23 KEY HIGHLIGHTS ▪ Retail, Auto and BFSI grew while Real Estate, FMCG and Education remained subdued. ▪ Circulation rev
Slide 13: 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 -16% +1% +2% -4% 122 123 46 148 44 45 45 123 Q3FY22 Q3FY23 Q2FY23 Q3FY23 Q3FY22 Q3FY23 Q2FY23 Q3FY23 KEY HIGHLIGHTS ▪ Auto, Healthcare and Durables grew while Retail, Education and FMCG remained subdued. ▪ Circulation rev
Slide 15: Radio
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 14
Slide 16: Radio
Radio FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY22 Q3FY23 YoY Q2FY23 QoQ Operating Revenue 34 42 21% 33 27% Operating EBITDA 5 7 50% 1 634% Op EBITDA Margin (%) 13% 17% 3% KEY HIGHLIGHTS ▪ Good growth in revenue on y-o-y and sequential basis, led by improvement in rates. ▪ Improvement in operat
Slide 17: Digital
PRINT PRINT – ENGLISH PRINT – HINDI RADIO DIGITAL 16
Slide 18: Digital
Digital FINANCIAL PERFORMANCE Particulars (INR cr) Q3FY22 Q3FY23 YoY Q2FY23 QoQ Operating Revenue 36 28 -23% 32 -13% Operating EBITDA 0 -4 NM -2 -67% Op EBITDA Margin (%) 0% -15% -5% KEY HIGHLIGHTS ▪ Digital revenue declined for the quarter, resulting in EBITDA loss. 17
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
HT Media Group Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India Anna Abraham Kanika Malik 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) Q3FY22 Q3FY23 YoY Q2FY23 QoQ Operating Revenue 466 440 -6% 409 8% Other Income 34 48 39% 39 23% Total Revenue 501 488 -2% 448 9% Raw Materials & Change in Inventory 121 157 30% 161 -2% Employee Cost 91 94 4% 96 -2% Other expenses 181 209 15% 203 3
Slide 23: Consolidated P&L – Hindustan Media Ventures Ltd
Consolidated P&L – Hindustan Media Ventures Ltd Particulars (INR cr) Q3FY22 Q3FY23 YoY Q2FY23 QoQ Operating Revenue 200 182 -9% 176 3% Other Income 12 26 109% 21 21% Total Revenue 212 207 -2% 197 5% Raw Materials & Change in Inventory 70 78 12% 83 -7% Employee Cost 37 40 7% 40 0% Other expenses 66 7