Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013 ·...
Transcript of Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013 ·...
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Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results
12 April 2013
Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results
12 April 2013
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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
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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
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2.9%
-0.4%-1.3%
-2.9%
0.0%
5.0%
Newspaper Ad Revenue Y
Ad revenue declined especially property and transport sectors
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* 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
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Circulation boost from digital copies
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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)
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Group 1H FY13 highlights
13.3%
18.3%
Cost Composition
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7.3%
9.2%
Staff Cost
Premises Cost
Other Materials, Production & Distribution Costs
Group 1H FY13 highlights
41.3%
Cost Composition (S$422.8m)
10.6%
Newsprint
Depreciation
Other Materials, Production & Distribution Costs Other Operating Expenses
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Staff costs fell by 2.1%
Staff Costs (S$’000)
Average Headcount
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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
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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$) RHS - Ave Mthly Consumption (MT)
644 626 11,000
12,000
Average Newsprint Charge-Out Price & Monthly Consumption
out price is expected to remain marginally unchanged for the year
9,844
8,965
8,000
9,000
10,000
1QFY13 2QFY13
Ave Mthly Consumption (MT)
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Operating margin sustained above 30%
S$’m
200
250
300
350
Recurring Earnings# and Operating Margin^
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# 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
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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
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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
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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
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Building MICE footprint in Singapore and across AsiaInaugural Myanmar Hospitality & Tourism Conference (27-28 Feb 2013)
• Garneredparticipants,
• A seriesplanned
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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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