Post on 05-Aug-2020
Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results
12 April 2013
Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results
12 April 2013
Group 1H FY13 financial highlights
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Group 1H FY13 financial highlights
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Group 1H FY13 financial highlights
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Newspaper and Magazine• Advertisement revenue fell S$18.0m (4.6%)• Circulation revenue declined S$3.7m (3.7%)
Property• Increased contribution of S$3.4m (4.5%) from Paragon
Others• The decrease came mainly from the book publishing business, and the exhibitions business
due to shift in dates for certain shows
financial highlights
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Increased contribution of S$3.4m (4.5%) from Paragon
The decrease came mainly from the book publishing business, and the exhibitions business
Group 1H FY13 financial highlights
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• The decline in revenue from the Newspaper and Magazine segment was mitigated by a reduction in costs.
• Improved performance from the Property business
• Others segment was impacted by steppedonline businesses, and lower revenue from the exhibitions business
Group 1H FY13 financial highlights
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The decline in revenue from the Newspaper and Magazine segment was
Improved performance from the Property business
Others segment was impacted by stepped-up investment in the local and regional and lower revenue from the exhibitions business
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Group 1H FY13 highlights
61.8%
15.9%
16.3%
6.0%
Operating Revenue Composition (S$604.3m)
5
61.8%
Advertisements (Newspaper & Magazine)
Circulation
Rental & Services
Others
Group 1H FY13 highlights
25.7%
14.9%
Newspaper and Magazine Advertisement Revenue Composition
(S$373.3m)
* Classified includes Recruitment and Notices
59.4%
Display
Classified *
Magazines & Others
2.9%
-0.4%-1.3%
-2.9%
0.0%
5.0%
Newspaper Ad Revenue Y
Ad revenue declined especially property and transport sectors
6
* Classified includes Recruitment and Notices
-3.9%
-9.0% -9.3%
-7.9%
-5.7%
-2.9%
-15.0%
-10.0%
-5.0%
3QFY12 4QFY12 FY12
Display Classified*
-1.1%
2.9%
Newspaper Ad Revenue Y-O-Y Growth (%)
declined especially in the transport sectors
-10.2%
-5.4%
-10.5%
-7.1%
-9.0%
2.9%-4.1%
-9.3%
-6.5%
1QFY13 2QFY13 1HFY13
Classified* Total
Circulation boost from digital copies
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150
200
250
300
350
400
Tho
usan
ds
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0
50
100
150
THE STRAITS TIMES/ THE
SUNDAY TIMES
THE BUSINESS
TIMES
THE NEW PAPER / THE NEW PAPER
SUNDAY
LIANHE ZAOBAO
1HFY13 1HFY13 (digital) 1HFY12
Circulation boost from digital copies
LIANHE ZAOBAO
LIANHE WANBAO
SHIN MIN DAILY NEWS
BERITA HARIAN / BERITA MINGGU
TAMIL MURASU /
TAMIL MURASU SUNDAY
1HFY12 1HFY12 (digital)
Group 1H FY13 highlights
13.3%
18.3%
Cost Composition
8
7.3%
9.2%
Staff Cost
Premises Cost
Other Materials, Production & Distribution Costs
Group 1H FY13 highlights
41.3%
Cost Composition (S$422.8m)
10.6%
Newsprint
Depreciation
Other Materials, Production & Distribution Costs Other Operating Expenses
Staff costs fell by 2.1%
Staff Costs (S$’000)
Average Headcount
9
Average Headcount
Lower staff costs as reduced variable bonus provision was partially offset by salary increments
Staff costs fell by 2.1%
1H FY13 1H FY12 Change %
174,569 178,292 (2.1)
4,270 4,228 1.04,270 4,228 1.0
Lower staff costs as reduced variable bonus provision was partially offset by salary
677 654
10,015 9,952
600
650
700
Average Newsprint ChargeMonthly Consumption
Charge-out price is expected to remain marginally unchanged for the year
10
400
450
500
550
3QFY12 4QFY12
LHS - Prices (US$) RHS - Ave Mthly Consumption (MT)
644 626 11,000
12,000
Average Newsprint Charge-Out Price & Monthly Consumption
out price is expected to remain marginally unchanged for the year
9,844
8,965
8,000
9,000
10,000
1QFY13 2QFY13
Ave Mthly Consumption (MT)
Operating margin sustained above 30%
S$’m
200
250
300
350
Recurring Earnings# and Operating Margin^
11
# This represents the recurring earnings of the media and property businesses.
^ Computed based on recurring earnings excluding Sky@eleven
0
50
100
150
1H FY09 1H FY10 1H FY11
Profit before investment income (S$'m) Sky@eleven profits (S$'m)
Operating margin sustained above 30%
20.0%
25.0%
30.0%
35.0%
40.0%
Recurring Earnings# and Operating Margin^
This represents the recurring earnings of the media and property businesses.
Sky@eleven.
0.0%
5.0%
10.0%
15.0%
20.0%
1H FY11 1H FY12 1H FY13
Sky@eleven profits (S$'m) Operating Margin
Steady performance from Property segment
Paragon
The Clementi
• Rental income grew by S$3.4m (4.5%) from higher rental rates
• 100% occupancy
www.paragon.com.sg
12
The Clementi
www.theclementimall.com
• Rental income remained stable
• 100% occupancy
The Seletar Mall
• The mall is expected to be completed at the end of 2014
Steady performance from Property segment
Paragon
Clementi Mall
Rental income grew by S$3.4m (4.5%) from higher rental rates
100% occupancy
Clementi Mall
Rental income remained stable
100% occupancy
The mall is expected to be completed at the end of 2014
Group investible fund
• The Group will maintain a conservative stance in its investment portfolio allocation
• Returns are expected to be commensurate with a lower risk-
13
commensurate with a lower risk-return profile
Group investible fund
42.5%27.7%
Group Investible Fund (S$1.0b)
(As at Feb 28, 2013)
12.5%17.3%
Equities Bonds
Investment Funds Cash and deposits
Building MICE footprint in Singapore and across AsiaInaugural Myanmar Hospitality & Tourism Conference (27-28 Feb 2013)
• Garneredparticipants,
• A seriesplanned
14
Recent acquisition
• Acquired several events from Expomal International, one of Malaysia’s leading exhibition and conference organisers
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Building MICE footprint in Singapore and across AsiaInaugural Myanmar Hospitality & Tourism Conference
28 Feb 2013)
Garnered tremendous interest from internationalparticipants, with 300 delegates from 13 countries
series of industry-specific investment conferences isplanned from May 2013 onwards
International, one of Malaysia’s leading exhibition and
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Please visit www.sph.com.sg
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www.sph.com.sg for more information.