singapore press holdingsinvestor.sph.com.sg/newsroom/20130412_184201_t39_e... · 4/12/2013  ·...

16
Singapore Pr Singapore Pr 1H FY13 Fina 12 Apr ress Holdings ress Holdings ancial Results ril 2013

Upload: others

Post on 05-Aug-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results

12 April 2013

Singapore Press HoldingsSingapore Press Holdings1H FY13 Financial Results

12 April 2013

Page 2: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

Group 1H FY13 financial highlights

�������

��

������������� � �������

��������������� �������

2

��������������� �������

������� �������� � ����

!�������������" ��"#���

�$���$�#%���������

� &$�������������$���� ��������������$�� �%����%�������'" ��������(

Group 1H FY13 financial highlights

������� �������

��

� ����

������� � ����� )�(�*

������� ���� �� )��(�*������� ���� �� )��(�*

����� ��(�

������ ������ )��(�*

&$�������������$���� ��������������$�� �%����%�������'" ��������(

Page 3: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

Group 1H FY13 financial highlights

� ����������������

!�+ ��������%, ��-���

�������'

��$���

3

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

�������

��

�������

��� ��������������

������� ������� )�(�*

��� �� ������ (�

������ ������ )��(�*

������ ��� �� !�"�#

Increased contribution of S$3.4m (4.5%) from Paragon

The decrease came mainly from the book publishing business, and the exhibitions business

Page 4: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

Group 1H FY13 financial highlights

$�%&��'!(%))#�*�&%�����+���%�

!�+ ��������%, ��-���

�������'

&���� �'��%������� ���

��$���

4

• 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

�������

��

�������

��� ��������������

������� ������ )�(�*

������ ������ �(�

����� ����� ��(�

)������* )�����* ���(�

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

�,����� ����,�� !�"�#

Page 5: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 6: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 7: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

Circulation boost from digital copies

���

���

���

��

��

���- %�)��.)

150

200

250

300

350

400

Tho

usan

ds

7

��

���

���

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)

Page 8: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 9: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 10: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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)

Page 11: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 12: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 13: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

Page 14: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

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

���������������� ������������

����������� ���������������

��������������� ����� ���� ���������

������ ��� ��� � !�

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

��������������� ����� ���� ���������

������ ��� ��� � !�

� ��������"����������#����

$ ���%������#��

Page 15: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

&$�.���%$��%��#���%

��������� %���%��%

Interim dividend

15

��������� %���%��%

&$�.���%$��%��#���%

��������� %���%��%������������$���

Interim dividend

��������� %���%��%������������$���

Page 16: Singapore Press Holdingsinvestor.sph.com.sg/newsroom/20130412_184201_T39_E... · 4/12/2013  · ZAOBAO 1HFY13 1HFY13 (digital) 1HFY12 LIANHE WANBAO SHIN MIN DAILY NEWS BERITA

��������������������������������

Please visit www.sph.com.sg

��������������������������������

www.sph.com.sg for more information.