Hindustan Media Ventures Ltd (NSE: HMVL; BSE: ) Q1 FY2016 Earnings Presentation July 14, 2015

Transcription

1 Hindustan Media Ventures Ltd (NSE: HMVL; BSE: ) Q1 FY2016 Earnings Presentatin July 14,

2 Table f Cntents Particulars Slide n Financial Highlights 3 Operatinal Highlights 5 Financial Overview 6 Abut Us 10 Cntact Us 11 Cnference Dial-In Numbers (July 14, 2015 at 4:00 pm IST) Primary Number / Lcal Access Number The numbers listed abve are universally accessible frm all netwrks and all cuntries Tll Free Number USA: UK: Singapre: Hng Kng:

3 Financial Highlights Management Cmmentary Cmmenting n the results and perfrmance, Mrs. Shbhana Bhartia, Chairpersn, Hindustan Media Ventures Limited said: We started the year n a psitive nte despite predictins f a weak mnsn and subdued rural ecnmic grwth. The quarter s perfrmance was accrding t plan, and we saw a healthy grwth in perating revenue and prfits. Our peratins in Uttar Pradesh and Uttarakhand cntinue t drive grwth in advertising and prfitability. And we have further strengthened ur dminant leadership psitins in Bihar and Jharkhand despite a higher intensity f cmpetitin. We believe we are in a gd psitin t cntinue ur grwth mmentum in the year ahead as we reap the benefits f ur investments. Highlights Q1 FY2016 vs. Q1 FY2015 Ttal Revenue increased by 5.7% t Rs. 2,354 millin Advertising revenue increased by 6.9%; Circulatin revenue increased by 8.3% EBITDA increased by 19.4% t Rs. 662 millin; EBITDA margins f 28.1% Prfit after tax increased by 23% t Rs. 417 millin; Net Prfit margins were higher at 17.7% Strng balance sheet psitin with Net Cash f Rs. 5,760 Millin EPS fr the quarter std at Rs as cmpared t Rs in the last year 3

4 Financial Highlights Q1 FY16 (y--y and q--q) Q1 y--y Q1 Q4 q--q Rs. millin FY2016 FY2015 Grwth Grwth FY2016 FY2015 (%) (%) Advertising Revenues 1,662 1, % 1,662 1, % Circulatin Revenues % % Other Revenues % % Ttal Revenues 2,354 2, % 2,354 2, % Cnsumptin f Raw Materials % % Emplyee Cst % % EBITDA % % Margin (%) 28.1% 24.9% 28.1% 27.6% Prfit After Tax (PAT) % % Margin (%) 17.7% 15.2% 17.7% 17.9% Basic EPS (Rs.) % % 4

5 Operatinal Highlights Hindustan is the secnd largest Hindi Daily: 2014 IRS Results 2014 IRS Readership 2013 IRS Readership All India millin millin UP 7.6 millin 7.2 millin Uttarakhand Bihar 0.53 millin 4.38 millin 0.43 millin 4.27 millin Jharkhand 1.31 millin 1.40 millin Delhi NCR 1.07 millin 1.06 millin 5

6 1 Financial Overview All cmparisns are y--y Revenue Ttal revenue up by 5.7% at Rs. 2,354 millin frm Rs. 2,226 millin : 6.9% increase in advertising revenue t Rs. 1,662 millin frm Rs. 1,555 millin primarily due t increase in advertising vlumes being partially ff-set by drp in yields (electin impact in Q1 last year) 8.3% increase in circulatin revenue t Rs. 534 millin frm Rs. 493 millin due t higher circulatin and higher net realizatin per cpy * Rs. Millin 2,354 Q1 FY16 5.7% 2,226 Q1 FY EBITDA margin EBITDA increased by 19.4% t Rs. 662 millin frm Rs. 554 millin primarily 650 due t : 600 Grwth in advertising and circulatin revenues % decrease in emplyee csts (One time regulatry csts in Q1 FY15), and % decrease in raw material csts (Lwer newsprint csts partially ffset by 400 increased cnsumptin) and Partially ffset by: 11% increase in selling, general and admin csts (SG&A) (driven by advertising & sales prmtin csts, travel and legal & prfessinal csts) Prfit After Tax PAT increased by 23.1% t Rs. 417 millin frm Rs. 339 millin due t imprvement in EBITDA cupled with lwer depreciatin and higher interest csts % 662 Q1 FY % 417 Q1 FY Q1 FY Q1 FY15 6

7 Financial Overview Revenue (Rs. Millin) and Grwth (%) 2, % 15.0% Revenue Breakdwn 8% 9% 9% 9% 7% 22% 23% 23% 23% 23% 2,226 2,116 2, % 2, % 10.0% 5.0% 0.0% 70% 67% 68% 67% 71% -4.9% -2.4% Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16-5.0% -10.0% Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Advertising Circulatin Other Revenue EBITDA (Rs. Millin) and Margin (%) PAT (Rs. Millin) and Margin (%) % % % 24.2% 25.2% 15.2% 14.9% 16.4% 17.9% 17.7% Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY16 7

8 Financial Overview- P&L (Rs. in millins, except EPS data) Particulars Three mnths ended Shift (%) (Un-audited) (Un-audited) Net Sales / Incme frm peratins 2,215 2,071 7% Other Operating Incme % Ttal Incme frm peratins 2,237 2,101 6% Other incme % Ttal Incme 2,354 2,226 6% (Increase)/Decrease in Inventry (6) (1) Cnsumptin f Raw Materials % Emplyees Cst % Other Expenditure % Ttal Expenditure 1,692 1,672 1% EBITDA % Margin (%) 28% 25% Depreciatin % EBIT % Margin (%) 26% 22% Interest & finance charges % Prfit befre tax % Margin (%) 25% 21% Tax Expense % Prfit after tax % Margin (%) 18% 15% Net Incme % Margin (%) 18% 15% EPS (nn annualized) % 8

9 Financial Overview Strategic Fcus Near Term Outlk Cntinue driving bth vlumes and yields grwth acrss gegraphies, especially in UP, n the back f strng IRS results Bihar/ Jharkhand belt t have increased tractin t the back f State electins Strng balance sheet (net cash f Rs. 5,760 millin) capable f funding its expansin. 9

10 Hindustan Media Ventures: At a Glance Cmpany Backgrund Market Leadership Psitins HMVL is ne f the leading print media cmpanies engaged in the printing and publishing f Hindustan, the secnd largest newspaper daily f India based n ttal readership. Als publishes tw Hindi magazines Nandan and Kadambini Hindustan was first published in 1936 amidst the freedm mvement, and has been ne f India s eminent newspapers fr ver 70 years. HMVL was listed n the BSE & NSE in 2010 Hindustan has a strng reginal presence and enjys a leadership psitin in Bihar, Jharkhand and Uttarakhand whilst cnslidating its 2 nd psitin in Delhi and UP Delhi / NCR Uttarakhand Uttar Pradesh Bihar Jharkhand 1 Dminant N 1 in Bihar The Cmpany als perates the website which cmplements the newspaper and fcuses n prviding news in Hindi with reginal cntent 1 Clear N 1 in Uttarakhand 2 N. 2 in Delhi 2 UP: Secnd largest and the fastest grwing Daily 1 Jharkhand: N 1 in Readership * Basis Average Issue Readership (IRS 2014) 10

11 Safe Harbur Certain statements in this dcument may be frward-lking. Such frward-lking statements are subject t certain risks and uncertainties like regulatry changes, lcal plitical r ecnmic develpments, technlgical risks, and many ther factrs that culd cause ur actual results t differ materially frm thse cntemplated by the relevant frward lking statements. Hindustan Media Ventures Limited will nt be in any way respnsible fr any actin taken based n such statements and undertakes n bligatin t publicly update these frward-lking statements t reflect subsequent events r circumstances. Hindustan Media Ventures Ltd (CIN: L21090BR1918PLC000013) Hindustan Times Huse, 2nd Flr, 18-20, Kasturba Gandhi Marg New Delhi , India Vinay Mittal vinay.mittal@hindustantimes.cm Deepak Gyal deepak.gyal@hindustantimes.cm Priyanka Harjai Priyanka.harjai@hindustantimes.cm Deepak Balwani Ankul Adlakha htmedia@churchgatepartnersindia.cm 11