HT Media Ltd — Interim / Quarterly Report 2021

Jan 19, 2021

HT MEDIA LIMITED

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Ref: HTML/CS/02/2020

Regd. Office : Hindustan Times House 18-20, Kasturba Gandhi Marg New Delhi - 110001 Tel.: 66561234 Fax : 66561270 www.hindustantimes.com E-mail : corporatedept@hindustantimes.com CJN. L22121DL2002PLC117874

19[th] January, 2021

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street,

MUMBAI - 400 001

The National Stock Exchange of India Limited

Exchange Plaza, C/1, Block G, Bandra Kurla Complex,

Bandra (E)

MUMBAI - 400 051

Scrip Code: 532662

Trading Symbol: HTMEDIA

Dear Sirs,

Sub: Presentation on the Un-audited Financial Results of the Company fr the quarter and nine months period ended on 31[st ] December, 2020

Please find enclosed a presentation on the Un-audited Financial Results of HT Media Limited for the quarter and nine months period ended on 31[st ] December, 2020.

This is for your information and records.

Thanking you,

Yours faithfully,

F Media Limited

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d Signatories)

Encl: As above

HT MEDIA GROUP Q3 FY 2020-21 Consolidated Financial Results

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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 actual results to differ materially from those contained in the relevant forwardlooking statements.

HT Media Group will not, in any way, be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

This is a quarterly webcast presentation, combining information for the public listed companies “HT Media Limited” and its subsidiary “Hindustan Media Ventures Limited”. Key objective of this presentation is to facilitate a unified platform for quarterly performance discussion pertaining to both the companies. It is neither intended to be an exhaustive review nor to provide any trading, financial, legal advice or outlook.

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Chairperson’s Message

“The third quarter saw continued recovery in economic activity, with demand moving up from the lows seen during the lockdown. As a result of this and the festive season, ad spends saw some uptick during the quarter. We have witnessed sequential improvement in ad revenues across our Print and Radio platforms. The circulation of both our Hindi and English publications have also seen sequential growth. Our cost saving initiatives, and a stable commodity price environment enabled us to return to operational profitability.

We expect further improvement in our businesses, as more activities resume and the economy returns to normalcy. As always, our continued focus is on staying relevant for both readers and advertisers alike.”

Mrs. Shobhana Bhartia Chairperson and Editorial Director

HT Media Ltd & Hindustan Media Ventures Ltd

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Table of Contents

PARTICULARS	SLIDE NO.
Consolidated Performance Q3 20-21	5
Business Unit Performance Q3 20-21	7
Print	8
Print – English	10
Print – Hindi (HMVL)	12
Radio	14
Annexures	18

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4

CONSOLIDATED PERFORMANCE Q3 2020-21

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5

Consolidated Financial Summary

CONSOLIDATED PERFORMANCE

Particulars (Rs Cr)	Q3'20	Q3'21	YoY	Q2'21	QoQ
Total Revenue	628	392	-38%	302	30%
EBITDA	110	59	-47%	-16	477%
EBITDA margin (%)	18%	15%		-5%
PAT1	27	9	-65%	-41	123%
PAT margin (%)	4%	2%		-13%
Net Cash2	999	1,043	4%	1,033	1%

• 1PAT is after share of profit/(loss) from Associate/JV, before exceptional

• 2 Balance at the end of the Qtr

KEY HIGHLIGHTS

 Total Revenue

o Decline of 38% over last year consequent to COVID-19

• Growth of 30% sequentially though due to revival in Ad spends across categories

• Efforts on cost front led to Rs 185 Cr of savings over last year

• Profitability

o Turnaround in profits : Positive shift of Rs 74 Cr in EBITDA & Rs 50 Cr in PAT over last quarter

o EBITDA margin at 15% in Q3’21

 Continued to maintain strong liquidity

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6

BUSINESS UNIT PERFORMANCE Q3 2020-21

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7

PRINT

PRINT – ENGLISH

PRINT – HINDI

RADIO

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8

Print

FINANCIAL PERFORMANCE

Particulars (Rs Cr)	Q3'20	Q3'21	YoY	Q2'21	QoQ
Ad Revenue	379	236	-38%	162	46%
Circulation Revenue1	71	47	-34%	45	5%
Operating Revenue	495	289	-42%	225	28%
Operating EBITDA	82	18	-78%	-4	577%
Op EBITDA margin (%)	17%	6%		-2%

1Circulation revenue excludes impact of copy booking cost

KEY DRIVERS

• • Sharp increase in Ad volumes QoQ, driven by festive season
• • Strong recovery in circulation copies across publications on QoQ basis
• • Return to Operating profits on account of growth in revenue supplemented by continuous cost

• initiatives

• Revenue yet to fully recover to pre-COVID levels (YoY)

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9

PRINT

PRINT – ENGLISH

PRINT – HINDI

RADIO

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10

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Print – English

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AD REVENUE (RS CR) CIRCULATION REVENUE [1] (RS CR)
YoY QoQ YoY QoQ
-47% +56% -76% +17%
226
119 18
4.2
3.6
76
119
4
Q3'20 Q3'21 Q2'21 Q3'21 Q3'20 Q3'21 Q2'21 Q3'21
1Circulation revenue excludes impact of copy booking cost
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REVENUE DRIVERS

• • Improvement in Ad volumes across national and local advertisers on sequential basis
• • Gained market share despite a challenging environment
• • Growth in almost all categories over previous quarter due to festive spends, led by Retail, FMCG, Real Estate, Luxury, and E-Commerce

• Witnessed softness in Ad yields

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11

PRINT

PRINT – ENGLISH

PRINT – HINDI

RADIO

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12

Print – Hindi

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AD REVENUE (RS CR) CIRCULATION REVENUE [1] (RS CR)
YoY QoQ YoY QoQ
-23% +36% -20% +3%
53
153 117
42 41 42
117 86
Q3'20 Q3'21 Q2'21 Q3'21 Q3'20 Q3'21 Q2'21 Q3'21
1Circulation revenue excludes impact of copy booking cost
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REVENUE DRIVERS

• • Ad volume growth led by festive spends along with election advertising
• • Sequential Ad revenue growth. Higher Volume share vs last year
• • Categories such as Automobile, FMCG, Retail and Health & Fitness showed good traction

• Softness in Ad revenue on YoY basis

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13

PRINT

PRINT – ENGLISH

PRINT – HINDI

RADIO

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14

Radio

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FINANCIAL PERFORMANCE

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Particulars (Rs Cr) Q3'20 Q3'21 YoY Q2'21 QoQ
Operating Revenue 50 27 -45% 15 78%
Operating EBITDA 6 -16 -17
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PERFORMANCE DRIVERS

• Decline in YoY Op Revenue and Op EBITDA as the industry is struggling post COVID-19 pandemic

• Continued pressure on Ad yields

• • Sequential Op revenue growth of 78%; Ad volumes are better across stations
• • Witnessed sequential improvement in inventory utilisation

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15

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Q&A

1. To ask a question, Click on “Raise Hand”

2. On your turn, click on “Unmute Myself”

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1. Ask your question

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HT Media Group

Hindustan Times House, 2nd Floor, 18-20, Kasturba Gandhi Marg New Delhi – 110001, India

Anna Abraham

Amit Madaan Sankalp Raghuvanshi IR@hindustantimes.com

Saket Somani Ravi Gothwal htmedia@churchgatepartners.com

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17

ANNEXURES

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18

Consolidated P&L – HT Media Ltd

Particulars(Rs Cr)	Q3'20 Q3'21 YoY Q2'21 QoQ
Operating Revenue Other Income Total Revenue	569 341 -40% 261 31% 59 51 -14% 42 22% 628 392 -38% 302 30%
Raw Materials & change in inventory Employee Cost Other expenses	146 74 -49% 58 27% 109 88 -20% 80 9% 263 171 -35% 180 -5%
EBITDA	110 59 -47% -16 477%
Margin (%)	18% 15% -5%
PAT1	27 9 -65% -41 123%
Margin (%)	4% 2% -13%

1PAT is after share of profit/(loss) from Associate/JV, before exceptional

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Consolidated P&L – Hindustan Media Ventures Ltd

Particulars(Rs Cr)	Q3'20 Q3'21 YoY Q2'21 QoQ
Operating Revenue Other Income Total Revenue	208 163 -22% 131 24% 28 31 13% 24 31% 236 194 -18% 155 25%
Raw Materials & change in inventory Employee Cost Other expenses	71 48 -32% 41 18% 31 36 18% 32 13% 77 60 -22% 69 -12%
EBITDA	58 49 -14% 13 267%
Margin (%)	24% 26% 9%
PAT1	32 34 7% 4 808%
Margin (%)	14% 18% 2%

1PAT is after share of profit/(loss) from Associate/JV

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