Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Singapore Press Holdings — 1H FY2007 Earnings Presentation
13 slides from Singapore Exchange's earnings presentation, Apr 12, 2007
Slide 1: Singapore Press Holdings Half Year Results Briefing
SINGAPORE PRESS HOLDINGS HALF YEAR Results Briefing 12 April 2007 MACHA THesRATSTME thesundaytimes THE BUSINESS TIM BERITAHARIAN (LisabsR Pe Ba decersninccoR mM sHpoom SARE 22® Singapore Press Holdings
Slide 2: Group results 1H FY2007 vs 1H FY2006
2 ! " " GROUP 1H 1H Change FY2007 FY2006 % S$ ‘000 Operating revenue 522,685 501,130 4.3 Profit before investment income # 191,317 186,171 2.8 income# Net income from investments 61,270 39,011 57.1 Profit before taxation 253,968 225,591 12.6 Profit attributable to shareholders 220,310 182,974 20.4 #
Slide 3: Sustaining an operating margin of around 35%
3 ! !#$ % & ' ( # )* Sustaining an operating margin of around 35% 250 50% Profit Before Investment Income (S$'m) 200 40% Operating Margin (%) 150 30% 100 20% 50 10% 0 0% 1H FY 2003 1H FY 2004 1H FY 2005 1H FY 2006 1H FY 2007 Year Profit Before Investment Income Operating Margin # Profit before inves
Slide 4: Improving trend for Display Ads
4 + ',) ! # % % #+ "- Improving trend for Display Ads Display Classified* Newspaper Ad 14.0% FY 2006 FY 2007 12.0% 9.5% 10.0% 9.3% 8.0% 7.2% 7.9% 8.0% 5.6% 6.0% 4.3% 3.9% 3.2% 2.3% 2.2% 3.0% 2.9% 4.0% 2.1% 2.2% 1.3% 2.0% 0.9% 0.0% -0.2% -2.0% -0.8% -1.0% -1.3% -4.0% -3.0% -6.0% -5.7% -8.0% -7.5% -10
Slide 5: Newspaper advertising by title
5 . ! # .# % % #+ "/-0 15.0% 10.0% 9.3% 5.0% 4.1% 1.2% 0.0% -0.1% -0.9% -0.7% -1.1% -3.3% -5.0% ST SUT BT TNP BH LHZB LHWB SMDN
Slide 6: Operating Revenue & Costs
6 1 Cost increase - staff costs, new subsidiaries & new media businesses $’m Operating Revenue Costs Total - $21.6m (4.3%) Total - $17.4m (5.5%) 600 $3.9m 21.8% Operating Revenue & Costs 500 $3.9m 8.0% $1.9m 1.8% 400 $2.2m 2.5% 300 $4.8m $11.9m 3.6% 11.4% 200 $1.3m 2.3% 100 $9.1m 6.9% 0 FY2007 FY200
Slide 7: .# .# /234-0 '!# / 5672 2567: + , ' + '# ; #
7 .# .# /234-0 '!# / 5672 89 2567: 0 + , ' + '# ; # .# ; # # " # # !" $ #! "%, ' ! ; , '# " + < ' #' ! # # #$ ! " ! $ # #+ = .> !#$$ ' # # :%?- # ;
Slide 8: Average Newsprint Charge-Out Price & Monthly Consumption
8 + .# Average Newsprint Charge-Out Price & Monthly Consumption 650 606 13,000 586 594 602 600 550 12,000 500 11,166 10,783 10,812 11,000 450 400 10,000 350 10,054 300 9,000 3QFY06 4QFY06 1QFY07 2QFY07 LHS - Prices (US$) RHS - Ave Mthly Consumption (MT)
Slide 9: SPH Organisation Review
9 ! ; • Daily Circulation : 180,000 Daily Readership: 280,000 • The Chinese freesheet has proven so popular that an online version has been launched on 1 February 2007 to satisfy eager readers www.mypaper.com.sg SPH ORGANISATION REVIEW • To identify and implement opportunities for revenue enhancemen
Slide 10: New media and business initiatives
10 $, ! +& ' • Instant retrieval of information on mobile phone • At least 50,000 mobile phone users downloaded the technology to date • Trade launch on 21 March 2007 • Exclusive distributor for Singapore • Strategic collaboration with SGX and FTSE • Re-launch Straits Times Index and develop additio
Slide 11: Online classifieds and media asset expansion
11 $, ! +& ' • Expected to launch other online classified verticals in real estate, automobile and general merchandise • Proven successful in encouraging citizen journalism • Met objective of reaching out to the young • Diversified media assets to include bus-shelter digital light boxes and other in
Slide 12: Property project sales and yield
12 # • 100% sold within 30 hours • Average transacted price of $975 psf • Total revenue estimated to exceed $650 mil • Valuation of land - $280 mil; book value of land - $11 mil Based on FY2006 FY2005* carrying value Property Yield 6.3% 5.9% with debt Equity Yield 8.8% 8.3% net of debt * Restated fo
Slide 13: End
Singapore Press Holdings 13 End
Singapore Press Holdings — 1H FY2007 Earnings Presentation on 6ix