Singapore Press 2013-01-14آ  Group 1Q FY13 financial highlights 1Q FY13 S$’000 1Q FY12 S$’000 Change

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  • 1Q FY13 Financial Results 14 January 2013

    Singapore Press HoldingsSingapore Press Holdings

  • Group 1Q FY13 financial highlights

    1Q FY13 S$’000

    1Q FY12 S$’000

    Change %

    Operating Revenue 322,092 332,406 (3.1)

    109,371 121,230 (9.8)

    2

    Operating Profit # 109,371 121,230 (9.8)

    Investment Income 3,054 587 420.3

    Net Profit attributable to shareholders 91,075 97,461 (6.6)

    # This represents the recurring earnings of the media and property businesses.

  • Group 1Q FY13 financial highlights

    Operating Revenue 1Q FY13 S$’000

    1Q FY12 S$’000

    Change %

    Newspaper and Magazine 263,518 269,752 (2.3)

    Property 48,192 46,852 2.9

    Others 10,382 15,802 (34.3)

    322,092 332,406 (3.1)

    3

    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

    Others • The decrease was largely due to timing difference of shows in the exhibitions business

  • 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 23,877 0.5

    Treasury and Investment 2,878 (117) NM

    Others (9,510) (2,243) 324.0

    4

    � 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.

    Others (9,510) (2,243) 324.0

    110,391 121,089 (8.8)

    NM: Not meaningful

  • Group 1Q FY13 highlights

    15.0%

    6.2%

    Operating Revenue Composition (S$322.1m)

    15.2%

    Newspaper and Magazine Advertisement Revenue Composition

    (S$204.8m)

    5

    * Classified includes Recruitment and Notices

    63.6%

    15.2%

    Advertisements (Newspaper & Magazine)

    Circulation

    Rental & Services

    Others

    59.7%

    25.1%

    Display

    Classified *

    Magazines & Others

  • Newspaper print ad revenue declined by 4.1% mainly due to lower Classified ads

    3.3% 2.9%

    -0.4% -1.1%-0.7% -1.3%

    0.0%

    5.0%

    10.0%

    Newspaper Display and Classified Ad Revenue Y-O-Y Change (%)

    6 * Classified includes Recruitment and Notices

    -3.9%

    -0.4% -1.1%

    -8.9% -9.0% -9.3% -7.9%

    -10.5%

    -0.7% -1.3%

    -5.7%

    -2.9% -4.1%

    -15.0%

    -10.0%

    -5.0%

    2QFY12 3QFY12 4QFY12 FY12 1QFY13

    Display Classified* Total

  • 200

    250

    300

    350

    400 Th

    ou sa

    nd s

    200

    250

    300

    350

    400

    Th ou

    sa nd

    s

    Circulation boost from digital copies

    Daily Average Newspaper Circulation

    0

    50

    100

    150

    0

    50

    100

    150

    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

    Th ou

    sa nd

    s

    1QFY13 1QFY13 (digital)

    7

    1QFY12 1QFY12 (digital)

  • Group 1Q FY13 highlights

    41.0%

    13.6%

    18.3%

    Cost Composition (S$217.0m)

    8

    11.1%7.0%

    9.0%

    Staff Cost

    Newsprint

    Premises Cost

    Depreciation

    Other Materials, Production & Distribution Costs

    Other Operating Expenses

  • Slight increase in staff costs

    1Q FY13 1Q FY12 Change %

    Staff Costs (S$'000) 89,043 88,330 0.8

    Average Headcount 4,258 4,221 0.9

    9

    Average Headcount 4,258 4,221 0.9

    Slightly higher staff costs as salary increments were partially offset by a reduced variable bonus provision

  • Newsprint charge-out is expected to remain marginally unchanged

    690 677

    654 644

    10,015

    11,000

    12,000

    600

    650

    700

    Average Newsprint Charge-Out Price & Monthly Consumption

    10

    9,320

    10,015 9,952 9,844

    8,000

    9,000

    10,000

    400

    450

    500

    550

    2QFY12 3QFY12 4QFY12 1QFY13

    LHS - Prices (US$) RHS - Ave Mthly Consumption (MT)

  • Operating margin sustained above 30%

    20.0%

    25.0%

    30.0%

    35.0%

    40.0%

    45.0%

    80

    100

    120

    140

    160

    180

    Recurring Earnings# and Operating Margin^S$’m

    11

    # This represents the recurring earnings of the media and property businesses. ^ Computed based on recurring earnings excluding Sky@eleven.

    0.0%

    5.0%

    10.0%

    15.0%

    20.0%

    0

    20

    40

    60

    80

    1Q FY09 1Q FY10 1Q FY11 1Q FY12 1Q FY13

    Profit before investment income (S$'m) Sky@eleven profits (S$'m) Operating Margin

  • 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

    12

    THE SELETAR MALL

    • The mall is expected to be completed at the end of 2014

  • Group investible fund

    32.5%

    11.2%

    43.0%

    Group Investible Fund (S$1.2b) • 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

    13

    13.3%

    Equities Bonds

    Investment Funds Cash and deposits

    (As at Nov 30, 2012)

  • SPH’s digital media wins international awards

    2012 EPPY Awards* Best Online Media Advertising/ Media Campaign category

    Adventure Race 4 Project garnered the win

    WAN-IFRA# XMA Cross Media Awards 2012 Monetization category

    Gold: omy Blog Club – a community with over 3,000 registered bloggers in Singapore

    14

    2012 Annual W3 Awards^ Silver in General Website Categories – Education

    * Organised by Editor & Publisher magazine ^ Judged by the International Academy of the Visual Arts # World Association of Newspapers and News Publishers

    Edvantage.com.sg, a one-stop education portal under AsiaOne

    Adventure Race 4 Project garnered the win through AsiaOne’s innovative use of

    various media platforms

    Bronze: ST Online for an eight week campaign ‘Flying High’ for Singapore Airlines

    3,000 registered bloggers in Singapore

  • 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

  • Thank you

    Please visit www.sph.com.sg for more information.

    Thank you