Group 1Q FY13 financial highlights

Transcription

1 Singapore Press Holdings 1Q FY13 Financial Results 14 January 2013

2 Group 1Q FY13 financial highlights 1Q FY13 S$ 000 1Q FY12 S$ 000 Change % Operating Revenue 322, ,406 (3.1) Operating Profit # 109, ,230 (9.8) Investment Income 3, Net Profit attributable to shareholders 91,075 97,461 (6.6) 2 # This represents the recurring earnings of the media and property businesses.

3 Group 1Q FY13 financial highlights Operating Revenue 1Q FY13 S$ 000 1Q FY12 S$ 000 Change % Newspaper and Magazine 263, ,752 (2.3) Property 48,192 46, Others 10,382 15,802 (34.3) 322, ,406 (3.1) Newspaper and Magazine Advertisement revenue was lower by S$4.1m (2.0%) Circulation revenue declined by S$1.3m (2.6%) Property Rental income increased by S$1.3m (2.9%) on the back of higher rental rates achieved by Paragon Income from The Clementi Mall remained stable 3 Others The decrease was largely due to timing difference of shows in the exhibitions business

4 Group 1Q FY13 financial highlights Profit/(Loss) before taxation 1Q FY13 S$ 000 1Q FY12 S$ 000 Change % Newspaper and Magazine 93,022 99,572 (6.6) Property 24,001 23, Treasury and Investment 2,878 (117) NM Others (9,510) (2,243) , ,089 (8.8) NM: Not meaningful The Newspaper and Magazine segment registered lower profits on the back of a fall in advertisement and circulation revenue. The Others segment was impacted by lower revenue from the exhibitions business, and increased investment in the online business. 4

5 Group 1Q FY13 highlights Operating Revenue Composition (S$322.1m) 15.0% 6.2% Newspaper and Magazine Advertisement Revenue Composition (S$204.8m) 15.2% 15.2% 25.1% 63.6% 59.7% Advertisements (Newspaper & Magazine) Circulation Rental & Services Others Display Classified * Magazines & Others 5 * Classified includes Recruitment and Notices

6 Newspaper print ad revenue declined by 4.1% mainly due to lower Classified ads 10.0% Newspaper Display and Classified Ad Revenue Y-O-Y Change (%) 5.0% 3.3% 2.9% 0.0% -5.0% -0.7% -1.3% -3.9% -5.7% -0.4% -2.9% -1.1% -4.1% -10.0% -8.9% -9.0% -9.3% -7.9% -10.5% -15.0% 2QFY12 3QFY12 4QFY12 FY12 1QFY13 Display Classified* Total 6 * Classified includes Recruitment and Notices

7 Circulation boost from digital copies Thousands Daily Average Newspaper Circulation Thousands THE STRAITS TIMES/ THE SUNDAY TIMES THE BUSINESS TIMES THE NEW PAPER / THE NEW PAPER SUNDAY LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN / BERITA MINGGU TAMIL MURASU / TAMIL MURASU SUNDAY 1QFY13 1QFY13 (digital) 1QFY12 1QFY12 (digital) 7

8 Group 1Q FY13 highlights Cost Composition (S$217.0m) 18.3% 41.0% 13.6% 9.0% 7.0% 11.1% Staff Cost Newsprint Premises Cost Depreciation Other Materials, Production & Distribution Costs Other Operating Expenses 8

9 Slight increase in staff costs 1Q FY13 1Q FY12 Change % Staff Costs (S$'000) 89,043 88, Average Headcount 4,258 4, Slightly higher staff costs as salary increments were partially offset by a reduced variable bonus provision 9

10 Newsprint charge-out is expected to remain marginally unchanged Average Newsprint Charge-Out Price & Monthly Consumption , , ,320 10,015 9,952 9,844 10, , QFY12 3QFY12 4QFY12 1QFY13 8,000 LHS - Prices (US$) RHS - Ave Mthly Consumption (MT) 10

11 Operating margin sustained above 30% S$ m 180 Recurring Earnings # and Operating Margin^ 45.0% % % % % % % % % 0 1Q FY09 1Q FY10 1Q FY11 1Q FY12 1Q FY13 0.0% Profit before investment income (S$'m) Sky@eleven profits (S$'m) Operating Margin 11 # This represents the recurring earnings of the media and property businesses. ^ Computed based on recurring earnings excluding Sky@eleven.

12 Steady performance from Property segment Rental income grew by S$1.3m (2.9%) from higher rental rates 100% occupancy Rental income remained stable 100% occupancy and continues to enjoy strong foot traffic THE SELETAR MALL The mall is expected to be completed at the end of

13 Group investible fund The Group s investment portfolio allocation remains conservative amid the ensuing economic uncertainties Returns are expected to be commensurate with a lower risk-return profile 43.0% Group Investible Fund (S$1.2b) 32.5% 11.2% 13.3% Equities Investment Funds Bonds Cash and deposits (As at Nov 30, 2012) 13

14 SPH s digital media wins international awards 2012 EPPY Awards* Best Online Media Advertising/ Media Campaign category WAN-IFRA # XMA Cross Media Awards 2012 Monetization category Adventure Race 4 Project garnered the win through AsiaOne s innovative use of various media platforms Gold: omy Blog Club a community with over 3,000 registered bloggers in Singapore 2012 Annual W 3 Awards^ Silver in General Website Categories Education 14 Edvantage.com.sg, a one-stop education portal under AsiaOne Bronze: ST Online for an eight week campaign Flying High for Singapore Airlines * Organised by Editor & Publisher magazine ^ Judged by the International Academy of the Visual Arts # World Association of Newspapers and News Publishers

15 Revamped portals for cars and classifieds An improved buy-sell-rent platform for motorists and dealers Collaborating with Singapore Road Safety Council to launch Anti-Drink Drive Campaign More than 10,000 listings A user-friendly general classifieds site for users to buy and sell stuff with ease, at no cost Organised a series of events and promotions with popular merchants, e.g. the 1 Minute Sweep game 15

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