Jagran Prakashan Limited · NSE:JAGRAN
Jagran Prakashan — Investor Presentation (May 2014)
30 slides from Jagran Prakashan's investor presentation, May 2014
Slide 1: Jagran Prakashan Limited (JPL) Investor Presentation
Jagran Prakashan Limited (JPL) Investor Presentation May 2014
Slide 2: 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 3: JPL: India's Media Conglomerate
JPL: India’s Media Conglomerate Hindi Publications Other Publications Dainik Jagran: Mid Day : Flagship Brand of the Group, Only Afternoon Paper of Mumbai No. 1 Daily of the Country with Highest Readership Others : Nai Dunia /Nav Dunia: Punjabi Jagran, Midday Gujarati, I-Next, Inquilab, City Plus, J
Slide 4: JPL: The Largest Read Print Media Group of India
JPL… The Largest Read Print Media Group of India 68 mn Readers 121 Editions, 15 States 12 Publications, 5 Languages Dainik Jagran: India’s #1 Daily Hindi Publications (Dainik Jagran I-Next: India’s only Bilingual Nai Dunia/Nav Dunia) Compact Daily Other Publications Mid-day: India’s #1 Afternoon Dai
Slide 5: Growing across all parameters
… Growing across all parameters 2008 2014 Publications 5 12 States 12 15 Language 2 5 Readership 56 mn 68mn , Circulation (Daily) 2.8 mn 5.3 mn Source: IRS 2012 Q4 Circulation of Weekly, Fortnightly & Monthly Publications adjusted for Daily 5
Slide 6: Print Media – Offering large Opportunity
Print Media – Offering large Opportunity 6
Slide 7: Print Media Growing Consistently in India
Print Media Growing Consistently in India… 2009-13 Revenue CAGR: 8.4% Low Print Media 244 Advertising : 10.3% Penetration 225 Circulation : 5.7% 208 Rising Literacy 193 81 175 75 More local than other 69 media platforms like 67 Television 65 “Door to Door” 163 Distribution Network 150 139 12
Slide 8: Hindi Print Advertising expected to be largest in 2018
Hindi Print Advertising expected to be largest in 2018 2009 2013 2018 OIL* OIL* OIL* 27% 31% 34% Hindi English Hindi Hindi English English 28% 45% 31% 38% 36% 30% Hindi Advertising to grow at ~14% CAGR – Share of Hindi Print expected to increase from 31% in 2013 to 36% in 2018 – Advertisers expect
Slide 9: JPL: Hindi Publications
JPL : Hindi Publications 9
Slide 10: Dainik Jagran: The Group's Flagship Brand
Dainik Jagran… The Group’s Flagship Brand India’s largest read daily Newspaper 56 mn Readers 38 Editions, 11 States Consistent Growth in circulation Quality of readership Most credible and trusted newspaper in # 1 with 11.7 mn readers in NCCS A India* Source: IRS 2012 Q4 * Source: Globescan survey c
Slide 11: Nai Dunia - expanding geographical reach
Nai Dunia - expanding geographical reach Strong local Hindi Daily in Madhya Pradesh & Chhattisgarh Advertising Revenue Circulation – Acquired in 2012 (Rs. Crores)^ (in 000)^ Madhya Pradesh & Chhattisgarh offers 9m huge growth potential 77 Mar-14 607 FY14 – Literacy rate of 62% FY13 75 Mar-13 505
Slide 12: JPL Hindi Publications Consistently maintaining leadership over a decade
JPL Hindi Publications Consistently maintaining leadership over a decade Top 3 Dailies in India JPL Hindi Publication Readership - By Readership* By States* JPL Hindi Publications 18% 62 mn readers 5% Peer 1 51% 11% 39 mn readers 7% 2% Peer 2 3% 3% 35 mn readers UP Bihar Jharkhand MP & CG Haryana &
Slide 13: JPL Hindi Publications covers nearly half of Indian Population
JPL Hindi Publications..covers nearly half of Indian Population Population Literate Population Consumer Spend Non- Non- Non- Hindi Hindi Hindi States States States 43% 46% 50% Raj. Raj. Raj. JPL 6% JPL 5% JPL 6% Hindi Hindi Hindi WB WB WB States States States 7% 8% 7% 44% 41% 37% JPL Hindi States
Slide 14: JPL Hindi Publications' Strong Presence in Tier II & III cities
JPL Hindi Publications’ Strong Presence in Tier II & III cities… Surge in purchasing power of Tier II & III JPL Hindi Publication Presence in Cities 32 out of 62 Tier II Cities of India – Changing demographic dynamics – Consumption of consumer durables, automobiles and financial products growing O
Slide 15: JPL Hindi Publication: Low internet penetration
JPL Hindi Publication….Low internet penetration Total Population # Internet Subscribers India 1,211 210 17.3 % Uttar Pradesh 200 21* 10.5 % Bihar 104 10^ 9.6 % MP & CG 98 11 11.2 % 33% of Total 20% of Internet India’s Subscriber Population Base … doesn’t have visible impact on [in Million] Hindi New
Slide 16: Strong leadership in Uttar Pradesh
Strong leadership in Uttar Pradesh 2nd Largest State in GDP terms 8.1 % contribution in India’s GDP Home to 20 Crs People 16.5% of India’s Population 11.4 Crs literate Population 49% of which not reading Newspaper USD 54 bn Annual Consumer Spend 12% of India Large no. of Tier II cities Target market
Slide 17: Uttar Pradesh: Highest Consumer Spend
Uttar Pradesh… Highest Consumer Spend Total Consumer Spend in Hindi States USD 189 billion in 2011-12 Consumption in Hindi States is 43% Total Consumption As % to All India States (USD Billion) Consumption of total consumption in India Uttar Pradesh 54 12% Bihar 24 6% JPL States cover 87% of Con
Slide 18: JPL: Other Publications & Businesses
JPL : Other Publications & Businesses 18
Slide 19: Mid Day provides an entry in to three languages
Mid Day provides an entry in to three languages Mid-Day English Niche Afternoon Daily targeted as Focus on improving performance leisure read – Discontinue “Ad for Equity” deals 13 Lacs readers – Focus on improving Per copy realizations Re-launched to strengthen the youth focused strategy /
Slide 20: Other Publications
Other Publications Punjabi Jagran City Plus With a huge local language India’s No.1 Community Paper acceptance, Punjabi Jagran circulated across Mumbai, completes the bouquet in Delhi, Hyderabad, Banglore & Punjab Pune with 43 editions adding value to brand Jagran I-Next India’s first bilingua
Slide 21: Digital Portfolio offers huge growth potential
Digital Portfolio offers huge growth potential 7.4 mn unique visits 103 mn page views per month jagran.com - # 2 Hindi News Site jagranjosh.com - # 1 in Education Onlymyhealth.com - # 4 in Health Category # 39 Network Rank in the Country Content Sharing Leveraging Print Media leadership Readiness fo
Slide 22: Other Businesses
Other Businesses Activation Business OOH Business Core focus areas End to end OOH solutions – Brand Activations – Planning – Rural Marketing – Creative adaptations – Activation Auditing & Consulting – Data on traffic count – Retail & ISP – Post campaign results 22
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights 23
Slide 24: Consistent Growth in Revenue: Higher than Industry
Consistent Growth in Revenue : Higher than Industry [Rs. Crores] FY09-13 Revenue CAGR: 16.7% Advertising: 17.5% ( Industry : 10.3% ) 1,526 Circulation: 12.8% ( Industry : 5.7% ) 1,355 1,221 154 1,282 152 1,154 319 118 942 129 265 115 824 270 238 88 236 75 216 197 1,053 854 938 894 803 552 638 FY09 F
Slide 25: EBITDA
EBITDA [Rs. Crores] 19% 30% 29% 23% 19% 21% 24% Margin Decline mainly 357 on Account of : 317 Newsprint Price 304 282 292 increase primarily due to Rupee Depreciation 244 Investment / Acquisition – Mid-Day 157 – Nai Dunia/Nav Dunia – Jagran Punjabi – Jagran Josh Plus Weak Macro Economic enviro
Slide 26: Operating Margin break-up
Operating Margin break-up Publications (Rs. Crs) FY 12 FY 13 9M FY 14 Dainik Jagran Operating Revenue 1,068.41 1,127.59 945.25 Operating Profit 320.69 345.64 322.31 Operating margin 30.02% 30.65% 34.10% Other publications Operating Revenue 277.91 279.21 244.52 Operating Profit -71.77 -36.19 -17.03 O
Slide 27: Net Profit
Net Profit [Rs. Crores] 11% 18% 17% 13% 15% 16% 13% 255 208 176 178 175 171 92 FY09 FY10 FY11 FY12 FY13 9m FY13 9m FY14 * FY 13 & 9m FY13 Net Profit Includes Exceptional items and tax shield benefits 27
Slide 28: Consistently Generating High Return on Equity
Consistently Generating High Return on Equity 27% [Rs. Crores] 24% 30% 29% 16% 932 702 752 560 613 FY09 FY10 FY11 FY12 FY13 Networth RoE 28
Slide 29: High Profit Sharing with Shareholders
High Profit Sharing with Shareholders 66% 60% 53% 62% 49%* 7.7^ 6.6 5.8 5.6 3.5 3.5 3.5 3.8 3.0 2.0 FY09 FY10 FY11 FY12 FY13 Payout DPS EPS * Incl. buyback of Rs. 47.5 crores completed ^ FY 13 EPS Includes Exceptional items and tax shield benefits in Dec. ‘13 29
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Jagran Prakashan Ltd. Strategic Growth Advisors Pvt. Ltd. Mr. Amit Jaiswal Mr. Gaurang Vasani / Mr. Jigar Kavaiya [email protected] [email protected] / [email protected] www.jplcorp.in www.sgapl.net 30