#1DB Corp Ltd. Investor Presentation - November 2021 સુવિચા 24 दिव्य मराठी thew and ge ११ દિવ્યભાસ્કર 12, 2016, ise on 2872 यह रहे है देश 1 दैनिक भास्कर dainikbhaskar.com DBPOST" 12 2016 dragon-62073 Blasting | सिंहस्थ शाह ने शिप्रा में लगाई डुबकी, संतों से लिया आशीर्वाद मोदी सरकार को एक दिन में दो झटके, पहला दिल्ली में उत्तराखंड में हटा राष्ट्रपति शासन, फिर रावत सरकार ब्रिटेन ने कहा- माल्या को नहीं निकाल सकते देश से नगरीय विकास विभाग विवेक ने क मिलेगा कोई मुआवजा स्मार्ट सिटी की जगह बदली कॉल ड्रॉप होने पर नहीं तो निरस्त हो जाएगा प्रोजेक्ट अंसार अब आईएएस फ्लैट न मिलने पर बना वा शुभम DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी MY FM VALUES – Ground Connect | Result-Oriented | Emotional Connect | Analytical | Trendsetter India's Largest Newspaper Group | 12 States | 64 Editions | 3 Languages (jlya dil sel) दैनिक भास्कर દિવ્ય ભાસ્કર#2Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dainik Bhaskar Group (DB Corp Ltd.) about its business and the industry and markets in which it operates. These forward-looking statements include, without limitation, statements relating to revenues and earnings. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the Company and are difficult to predict. Consequently, actual results could differ materially from those expressed or forecast in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks. DB Corp Ltd. does not undertake to update these forward-looking statements to reflect events or circumstances that may arise after publication. DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર दिव्य मराठी MY FM दैनिक India's Largest Newspaper Group | 12 States | 64 Editions | 3 Languages jlyo dil se भास्कर FECZI ભાસ્કર VALUES - Ground Connect | Result-Oriented | Emotional Connect | Analytical | Trendsetter 2#3D B Corp Ltd - The Largest Print Media Company In India Major Business Brands रहेन दैनिक भास्कर यूपी में वोटिंग से दो दिन पहले एक और 30 से Hindi Newspaper 11 States, 45 Editions સવાર ge દિવ્યભાસ્કર PRAT કન્જદો બને તો ગ્રીન કાર્ડ હેળવવામાં અડધી ઉંમરનીકળી જશે 20મીથી બે થી se Gujarati Newspaper 2 States, 9 Editions स्वतंत्र दिव्य मराठी - Marathi Newspaper 1 State, 6 Editions मराठवाड्यात जन केरा 94.3 MY FM (jiyo dil se! DB DIGITAL + दैनिक भास्कर न्यूज़ + एक्सपीरियंस हिव्य ભાસ્કર FM Radio Network 7 States, 30 Stations MOBILE APP Digital & Mobile 5 Portals & 4 Apps DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी MY TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE FM (jlyo dll sel) दैनिक हिव्य भास्कर ભાસ્કર 3#4DB Corp Markets Madhya Pradesh Dominant Chhattisgarh Dominant Haryana Chandigarh Dominant Dominant Rajasthan Clear Leadership as per Readership in all possible metrics Leader in Ahmedabad Gujarat Close No.2 in top 6 cities of Gujarat Bihar Punjab Now Close No.1 (with a gap of 16%) Further investing in copies for overall leadership No.1 in Top 4 cities Maharashtra Limited to Central Maharashtra Jharkhand Overall No.2 in terms of circulation in urban cities DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी MY TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE FM दैनिक LECZI jlyo dil sel भास्कर ભાસ્કર 4#5Digital Business Dainik Bhaskar continues to focus on its strategy of building the best-in-class, ad-free user experience on its digital app while maintaining high quality, insightful and reader engaging content ➤ Added Mr. Mark Thompson, the Ex CEO of New York Times (NYT) to our world class Digital Advisory Board. ➤ According to the latest ComScore results, the Dainik Bhaskar App monthly users have increased by approximately 7 times since the beginning of 2020.. ➤ We have achieved a significant lead and become the fastest growing and dominant #1 Hindi and Gujarati News Apps player, while continuing to be on-course to further increase our user base and leadership position. ➤ Major initiatives are taken to spearhead the growth in Digital business with focus on strengthening the talent pool, investing substantially in technology and emphasizing on providing users with Original Content and hyper-localized content. We're already one of the highest-rated Hindi (4.4/5) and Gujarati (4.4/5) news apps with tens of millions of downloads Continued.... DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 5#6Digital Business Continued Building a Best-in-class Digital Platform to provide high quality news experience, paving the way for building loyal user base App MAU Jan-20 Oct-20 Jan-21 Sep-21 Dainik Bhaskar 1.60 5.62 6.18 10.85 Aaj Tak (2nd Highest) 3.82 5.54 5.11 4.02 ABP News (3rd Highest) 3.62 1.64 1.55 1.23 DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 6#7CSR Initiatives The Dainik Bhaskar Group is acutely aware of its responsibilities not just to its readers, but also to the environment and society as a whole. IIM Scholarships: • . Dainik Bhaskar has tied up with IIM Ahmedabad for scholarship assistance to 8 needy select students for 50% of their college fees. 'Mitti Ke Ganesh': Dainik Bhaskar appealed its readers to bring Clay Idol (Ganesh) to their home during Ganesh Chaturthi and encouraged idol immersion at home, as well as the use of idol remnants (soil) to plant saplings. Joy of Giving': • Dainik Bhaskar Group effort, aims to influence societal behaviour in order to facilitate socio-economic transformation. The campaign encourages readers to spread joy and happiness to the underprivileged section of society by donating goods that are no longer used at home but can provide new opportunities for the underprivileged segment Continued.... DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 7#8CSR Initiatives ....Continued Tilak Holi: Millions of gallons of water get wasted during the Indian Festival of Holi. Dainik Bhaskar Group took a step towards reducing this massive unconscious wastage of water and came up with 'Tilak Holi' Campaign. Ek Ped Ek Zindagi: Running this campaign since last 7 years. An integrated campaign (having print, digital, social media, radio, PR) was launched on 28th July'19 on World Nature Conservation Day and culminated on 30th Sept. Seva Parmo Dharma: • A major donation drive to help the daily wage workers combat the economic hardship arising due to the nation-wide lockdown Save The Birds: 'Save the Birds' initiative is a campaign to help these birds in distress. Dainik Bhaskar Group encouraged its readers to place Sakoras (earthen birdbaths) filled with water and grains on roof or window, to help these birds survive. DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 8#9Reader Centric Stories Editorial excellence continues to be a hallmark of Dainik Bhaskar Group that adapts the pulse of its readers. • • Dainik Bhaskar published a report in human interest that was relevant to the masses and addressed an umbrella readership. The 'report outlined the straggling income of private hospitals' in four key cities of Gujarat, namely Ahmedabad, Surat, Vadodara, and Rajkot, during the second wave of covid-19. The Dainik Bhaskar story 'Fire Mishap in Hospital Caused by Faulty Dhaman Ventilators' was validated by the High Court's acknowledgment, demonstrating the Bhaskar Group's strong insight into ground realities and proactive journalism. The Bhaskar Group exposed the 'Ayushman Card scheme fraud,' revealing how ineligible people obtained the cards. Dainik Bhaskar, with the innate desire to bring positive change in the society, organised one of its kind quiz titled 'Aao Jaane Apna Bharat' to commemorate India's 75th Independence anniversary; the event lasted 75 days and began on August 15, 2021. DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM दैनिक jlyo dil sel भास्कर LECZI ભાસ્કર#10Editorial Direction Dainik Bhaskar continues to re-affirm its faith in courageous journalism while making its mark at the Global landscape. • • Dainik Bhaskar Group continues to set several milestones in the print industry and garner growth from Tier-II and Tier-III & beyond markets, with over 26 mega-editions across major markets. Bhaskar's stories were replicated by the various reputed global media houses, like the New York Times, The Guardian, BBC, CNN and attracted the attention of several leaders from across the world, through their social media mediums. Dainik Bhaskar continues to re-affirm its faith in courageous & responsible journalism with the innate desire to bring positive change in the society. Dainik Bhaskar continues to raise its voice against prevailing issues with an aim to bring it to the attention of the government leading to positive change and taking corrective measures Company thrives to create astonishing innovations in the print segment with various initiatives like we featured the front page of our newspaper made of cloth and covered news on the textile industry of Bhilwara city, honouring the city's textile DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર હિંમતી MY FM दैनिक jlyo dil se भास्कर LECZI ભાસ્કર TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE 10#11Radio Business 94.3 MY FM jiyo dil se! MY FM continues to augment Audience-Connect and listeners' engagement activities through innovative content creation. ➤ MY FM's ad volume growth outpaced that of its operating markets; MY FM's ad volume climbed up by 68%, while the industry's ad volume increased by 57% in H1 FY2022 MY FM market share increased by 3% YOY to 37% in H1 FY2022 My FM announced 'Ye Diwali Cricket Wali around IPL and World Cup', with the aim to provide exciting content to its listeners ranging from match trivia and expert bytes to fun activities and daily contests on radio as well as digital platforms MY FM became a proud partner of the world's first music league championship, 'Biggest Musical Reality Show - Indian Pro Music League!", aired on ZEE TV and Zee5 ➤ 'Jio Dil Se Awards-2021', an annual brand property of MY FM, acknowledged and recognized the work of common man that brought about a positive difference in society while spreading happiness at large DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 11#12Radio Snapshot Total Revenue (Rs. mn) 1549 1354 1391 1273 1076 960 801 830 58% 287 182 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Q2 Q2 FY 2021 FY 2022 EBIDTA (Rs.mn) 478 393 400 362 318 525 431 222% 167 87 27 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY FY FY Q2 2019 2020 2021 FY 2021 Q2 FY 2022 94.3 MY FM jiyo dil se! DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी MY FM दैनिक TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE LECZI jlyo dil sel भास्कर ભાસ્કર 12#13Radio Business Comparative DBCL FY20 YoY Growth %/ (De- growth) ENIL FY20 YoY Growth %/ (De-growth) FY 19 v/s FY 20 Differential Increase %/ (Decline) v/s Music Broadcast FY20 YoY Growth % / (De-growth) Radio Business DBCL Advertisement Rev -10.6% -12.3% 1.7% Other Income 171.8% 3.0% 168.8% Total Income -10.2% -11.8% 1.6% FY 20 v/s FY 21 Differential Increase %/ (Decline) v/s HT Media (Fever) FY20 YoY Growth % Differential Increase %/ (Decline) v/s DBCL / (De-growth) DBCL -23.7% 13.1% 3.9% -14.5% 8.0% -22.3% 163.8% 12.1% 3.9% -14.1% DBCL FY21 YoY Growth %/ (De- growth) Radio Business Advertisement Rev -40.3% Other Income -29.8% Total Income -40.3% ENIL FY21 YoY Growth %/ (De-growth) -49.9% -7.3% -48.1% Differential Increase %/ (Decline) v/s DBCL 9.6% -22.5% 7.9% Music Broadcast FY21 YoY Growth % / (De-growth) Differential Increase %/ (Decline) v/s HT Media FY21 YOY Growth %/ Differential Increase %/ (Decline) v/s DBCL (De-growth) DBCL -48.5% 8.2% -63.2% 22.8% -8.5% -21.3% -46.0% 5.8% -63.2% 22.9% ENIL Profits are adjusted to exceptional item of provisions related to non-financial assets Qtr 2 FY 22 Differential DBCL Q2 FY22 YoY Growth %/ (De- growth) ENIL Q2 FY22 YoY Growth %/ (De- growth) Increase %/ (Decline) v/s Music Broadcast Q2 FY22 YoY Growth %/ Differential Increase %/ (Decline) v/s HT Media Q2 FY22 YOY Growth %/ Differential Increase %/ DBCL DBCL (De-growth) (Decline) v/s DBCL Radio Business (De-growth) Advertisement Rev 58.1% 52.2% 5.9% 39.8% 18.4% 60.0% -1.9% Other Income -8.3% -58.4% 50.1% 64.3% -72.6% Total Income 57.8% 50.4% 7.4% 41.9% 15.9% 60.0% -2.2% DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર વિમાડી MY FM दैनिक jlyo dil se भास्कर LECZI ભાસ્કર 13 TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE#14Robust Recovery in all the segments post COVID Laudable Print EBITDA growth Zero Debt, High Net worth & Strong Balance Sheet dow सुविन 24 दिव्य मराठी दैनिक र Mime १२ मे २०१८ દિવ્ય ભાસ્કર शुभरात 1252 These stratu 1 ser दैनिक भास्कर dainikbhaskar.com DBPOST मई 2016-2073 P marn | सिंहस्य शाह ने शिक्षा में लगाई डुबकी, संतों से लिया आशीर्वाद मोदी सरकार को एक दिन में दो झटके दिल्ली में विवेक ने कहा स्मार्ट सिटी की जगह बदली कॉल ड्रॉप होने पर नही तो निरस्त हो जाएगा प्रोजेक्ट मिलेगा कोई मुआवजा उत्तराखंड में हटा राष्ट्रपति शासन, फिर रावत सरकार ब्रिटेन ने कहा- माल्या को नहीं निकल सकते देश से 0 अंसार अब आईएएस, फ्लैट न मिलने पर बना था शुभम DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil se दैनिक भास्कर हिव्य ભાસ્કર 14#15Comparison with Jan - March 20 ( Pre-COVID) Numbers Print Business Recovery Q4 FY 21 Q2 FY 22 % Print Advertisement Rev 277 269 97% Circulation Rev 110 116 105% EBITDA 112 122 109% Ebitda Margin 26% 29% Radio Business Recovery Q4 FY 21 Q2 FY 22 % Radio Advertisement Rev 28 29 103% EBITDA 9 9 94% Ebitda Margin 33% 30% DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी MY FM दैनिक TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE LECZI jlyo dil sel भास्कर ભાસ્કર 15#16Proven Track Record of Topline & Bottom Line Growth Total Revenue (Rs. mn) ↑ 6% 14 Yrs CAGR 24793 22363 20800 16137 10741 6820 15222 29% 4513 3498 FY FY 2007 2010 FY 2013 FY 2016 FY 2019 FY FY 2021 2020 Q2 FY 21 Q2 FY 22 Advertisement Revenue (Rs. mn) ↑ 5% 14 Yrs CAGR 17625 15640 14812 12075 8085 4882 10084 34% 3029 2263 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 FY 2020 FY Q2 2021 FY 21 Q2 FY 22 DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર વિમાડી MY FM दैनिक jlyo dil se भास्कर LECZI ભાસ્કર 16 TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE#17Proven Track Record of Topline & Bottom Line Growth... (contd.) EBIDTA (Rs. mn) 9% 14 Yrs CAGR 5627 5209 4940 946 3974 3541 3193 42% 1054 745 FY FY FY FY FY FY FY Q2 Q2 2007 2010 2013 2016 2019 2020 2021 FY 21 FY 22 PAT (Rs. mn) ↑ 7% 14 Yrs CAGR 542 2181 1828 2966 2738 2750 1414 89% 538 285 FY 2007 FY 2010 FY 2013 FY 2016 FY 2019 FY 2020 FY Q2 Q2 2021 FY 21 FY 22 DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર વિપરી MY TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE FM दैनिक jlyo dil sel भास्कर LECZI ભાસ્કર 17#18Proven Track Record of Top line & Bottom Line Growth... (contd.) Return on Capital Employed (%) Return on Net Worth 33% 24% 22% 19% 11% % 24% 17% 16% 15% FY 17 FY18 FY 19 FY 20 FY 21 FY17 FY18 Earning Per Share (Rs.) 20.27 17.61 15.32 15.72 FY19 8% FY20 FY21 Dividend Payout (with tax & buyback) (%) 8.08 24% 103% 77% 77% FY17 FY18* FY19 FY17 FY18 FY19 FY20 FY21 45% FY20 FY21 * includes buyback done in Aug'18 DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM jlyo dil sel दैनिक भास्कर LECZI ભાસ્કર 18#19Financial Summary Quarter Ended Particulars (INR million) FY18 FY FY19 FY20 FY21 Q2 FY21 Q2 FY22 Growth % Half year Ended YTD Sep YTD Sep Growth 2020 2021 % Advertising Income 15973 16416 15640 10084 2263 3029 33.8% 3333 4742 42.3% Circulation Revenue Total Income 4814 4981 5122 4146 1033 1159 12.2% 1961 2265 15.5% 22750 23349 22363 15222 3498 4513 29.0% 5655 7592 34.3% Newsprint Personnel Cost Other Operating Expenditure -4258 -5291 -6609 -7307 -7664 -4364 -4181 -4217 993 1283 29.2% 1795 2378 32.5% -3794 899 952 5.9% 1822 1833 0.6% -5802 -5578 -4019 860 1223 42.2% 1570 2276 44.9% Total Expenditure -16158 -17474 -17423 -12029 2753 3458 25.6% 5187 6487 25.0% EBITDA 6592 5875 4940 3193 745 1054 41.5% 467 1105 136.6% EBITDA Margin 29% 25% 22% 21% 21% 23% 8% 15% Net Profit 3748 3240 2750 1414 285 538 88.5% -195 315 -261.4% Net Worth 15930 19291 16784 18229 16592 18261 16592 18261 Secured Long Term Gross Loan 262 - - - - - Cash & Bank Balance 1754 3223 1352 3125 1034 3371 1034 3371 Secured Working Capital Loan 288 301 1121 139 200 187 200 187 Total Secured Gross Debt 550 301 1121 139 200 187 200 187 Net Block (Fixed) 8833 9634 8956 8604 8676 8183 8676 8183 ROCE 33% 24% 23% 10% 11% 12% 11% 12% RONW 24% 17% 20% 8% 9% 10% 9% 10% DB Corp Ltd दैनिक भास्कर દિવ્યભાસ્કર વિમાડી MY FM दैनिक jlyo dil sel भास्कर LECZI ભાસ્કર 19 TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE#20Board Of Directors Sudhir Agarwal Managing Director 30 years of experience in the publishing and newspaper business responsible for its long-term vision, business planning and performance monitoring Pawan Agarwal Deputy Managing Director 14 years of experience in the publishing business Heads entire Production, IT and Strategy dept., with the Radio & Digital business Girish Agarwaal Non-Executive Director 26 years of experience. Awarded "Outstanding Entrepreneur" trophy at APEA provides direction to the marketing strategy and related operations of the Group Anupriya Acharya* Post Graduate from IIT - Roorkee, was Zenith Optimedia's Group CEO and now CEO of Publicis Media India Santosh Desai * Managing Director and CEO of Future Brands Ltd, eminent author, columnist and media critic Ashwani Kumar Singhal* * denotes Independent Directors Vice-President of BIR Brussels, the International Authority in Non-Ferrous Metals DB Corp Ltd दैनिक भास्कर TO BE THE LARGEST AND MOST ADMIRED LANGUAGE MEDIA BRAND ENABLING SOCIO-ECONOMIC CHANGE हिप्य लास्डर दिव्य मराठी MY FM दैनिक LECZI jlyo dil sel भास्कर ભાસ્કર 20#21THANK YOU For more information, please visit our website www.bhaskarnet.com DB Corp Ltd दैनिक भास्कर हिप्य लास्डर दिव्य मराठी દિવ્યભાસ્કર MY FM दैनिक LECZI jlyo dil se भास्कर ભાસ્કર India's Largest Newspaper Group | 12 States | 64 Editions | 3 Languages VALUES - Ground Connect | Result-Oriented | Emotional Connect | Analytical | Trendsetter