AGM Presentation FY2015 Financial Results 1 December 2015 Group F - - PowerPoint PPT Presentation

AGM Presentation FY2015 Financial Results 1 December 2015

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Group F Y2015 fina nc ia l hig hlig hts

F Y2015 S$’000 F Y2014 S$’000 Cha ng e %

Ope ra ting re ve nue 1,177,080 1,215,184 (3.1) Ope ra ting pro fit# 353,500 348,963 1.3 F a ir va lue g a in o n inve stme nt pro pe rtie s 36,258 109,076 (66.8) I nve stme nt inc o me 51,707 48,215 7.2 Ga in o n pa rtia l dive stme nt o f 701Se a rc h

• 52,863

NM Pro fit a fte r ta xa tio n 370,422 470,736 (21.3) Ne t pro fit a ttrib uta b le to sha re ho lde rs 321,701 404,286 (20.4)

NM: No t me a ning ful

# T

his re pre se nts the re c urring e a rning s o f the me d ia , pro pe rty a nd o the r b usine sse s.

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Group F Y2015 fina nc ia l hig hlig hts

Ope ra ting Re ve nue F Y2015 S$’000 F Y2014 S$’000 Cha ng e %

Me dia ^ 902,506 963,380 (6.3) Pro pe rty 230,751 204,985 12.6 Othe rs^ 43,823 46,819 (6.4)

1,177,080 1,215,184 (3.1)

Me dia

• Adve rtise me nt re ve nue fe ll S$53.7m (7.4%)
• Circ ula tio n re ve nue fe ll S$10.1m (5.4%)

Pr

• pe r

ty

• Ma ide n c o ntrib utio n fro m T

he Se le ta r Ma ll a nd hig he r re nta l inc o me fro m Pa ra g o n a nd T he Cle me nti Ma ll

Othe r s

• L
• we r re ve nue fro m the e xhib itio ns b usine ss wa s pa rtia lly o ffse t b y inc o me fro m the ne wly

a c q uire d o nline c la ssifie ds b usine ss

^

During the ye a r, the Gro up a nno unc e d a re -o rg a nisa tio n invo lving the tra nsfe r o f me dia -re la te d b usine sse s to the Ne wspa pe r b usine ss. T

• b e tte r re fle c t the b usine ss na ture , the Ne wspa pe r a nd Ma g a zine se g me nt wa s re na me d

Me dia se g me nt a nd the re le va nt fig ure s fo r Me dia a nd Othe rs se g me nts we re re c la ssifie d a c c o rding ly.

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Group F Y2015 fina nc ia l hig hlig hts

Pr

• fit/ (L
• ss) be for

e taxation F Y2015 S$’000 F Y2014 S$’000 Change % Note

Me dia 241,480 255,664 (5.5) (a ) Pro pe rty 149,683 130,321 14.9 (b ) T re a sury a nd I nve stme nt 41,377 30,419 36.0 (c ) Othe rs (38,553) (49,952) (22.8) (d) 393,987 366,452 7.5 F a ir va lue g a in o n inve stme nt pro pe rtie s 36,258 109,076 (66.8) Ga in o n pa rtia l dive stme nt o f 701Se a rc h

• 52,863

NM

430,245 528,391 (18.6)

(a ) Re duc e d pro fits d ue to lo we r a d ve rtise me nt a nd c irc ula tio n re ve nue , mitig a te d b y d e c line in ne wsprint, utility a nd pro d uc tio n c o sts. (b ) I nc re a se in pro fit d ue to ma id e n c o ntrib utio n fro m T he Se le ta r Mall a nd b e tte r re sults fro m Pa ra g o n a nd T he Cle me nti Ma ll. (c ) I nve stme nt inc o me b e fo re fina nc e c o sts wa s b o o ste d b y hig he r g a in o n sa le

• f inve stme nts in

c o njunc tio n with the fund ing o f the re d e mptio n o f the Me d ium T e rm No te s. (d ) Re d uc e d o pe ra ting lo sse s fro m re g io na l o nline c la ssifie d s b usine ss. NM: No t me a ning ful

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* Classified includes Recruitment and Notices

Adve rtising ma rke t re ma ine d soft

• 8.3%
• 9.2%
• 7.1%
• 7.1%
• 7.9%
• 9.5%
• 8.4%
• 12.6%
• 11.0%
• 10.5%
• 8.6%
• 9.0%
• 9.0%
• 8.4%
• 8.7%
• 15.0%
• 10.0%
• 5.0%

0.0% 5.0% 1QFY15 2QFY15 3QFY15 4QFY15 FY15

Newspaper Ad Revenue Y-O-Y Growth (%)

Display Classified* Total

Circ ula tion c opie s ma inta ine d a t la st ye a r’s le ve l

6 50 100 150 200 250 300 350 400 450 500 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 '000

Daily Average Newspaper Circulation

FY15 (Print) FY15 (Digital) FY14 (Print) FY14 (Digital)

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Newsprint 16.1% Other Materials, Production & Distribution Costs 8.9% Staff Costs 0.8% Other Operating Expenses 1.0%

We ll- ma na g e d c ost ba se

43.7% 7.5% 8.0% 5.8% 13.2% 17.9% 3.9%

FY2015 Cost Composition (S$851.2m)

Staff Cost Newsprint Premises Cost Depreciation Other Materials, Production & Distribution Costs Other Operating Expenses Finance Costs

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Sta ff c ost le ve ls ma inta ine d

F Y2015 F Y2014 Cha ng e %

He a dc o unt a s a t e nd-Aug ust 4,237 4,204 0.8 Sta ff Co sts (S$'000) 371,610 374,519 (0.8)

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Ne wspr int pr ic e s to r e main soft

586 573 546 521 7,847 6,811 7,830 7,610 6,000 7,000 8,000 9,000 10,000 400 450 500 550 600 650 1QFY15 2QFY15 3QFY15 4QFY15 MT US$

Average Newsprint Charge-Out Price & Monthly Consumption

LHS - Prices RHS - Avg Mthly Consumption

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Prope rty pe rforma nc e lifte d by T he Se le ta r Ma ll

• Ne t Pro pe rty I

nc o me (NPI ) g re w 17.3% to S$174.1m b o o ste d b y ma ide n c o ntrib utio n fro m the fully le a se d Se le ta r Ma ll.

• Pa ra g o n a nd T

he Cle me nti Ma ll a lso re c o rde d hig he r re nta l inc o me .

• Ma rke t va lue fo r Pa ra g o n (F

re e ho ld ), T he Cle me nti Ma ll a nd T he Se le ta r Ma ll a t S$2.756b , S$571.5m a nd S$495m re spe c tive ly

Paragon The Clementi Mall The Seletar Mall

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Portfolio Inve stme nt Pe rforma nc e

^ As at August 31, 2015 6.2% 3.2% 4.1%

1 2 3

Perio iod i d in ye year ars^

5 1

Since inception (2001)

4.1%

return since inception

De c la re d divide nd pe r sha re of 20 c e nts

7 c e nts inte r im, 13 c e nts final

* Computed based on Group recurring earnings net of non-controlling interest of the Property segment

^ Excludes special dividend of 18 cents paid pursuant to the establishment of SPH REIT

24 24 22 21 20 94.4% 90.2% 96.2% 107.8% 102.1% 60.0% 70.0% 80.0% 90.0% 100.0% 110.0% 120.0% 10 15 20 25 30 35 2011 2012 2013^ 2014 2015 (cents) Interim & Final Div (LHS) Div Payout Ratio* (RHS) 12

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