Singapore Press Holdingsinvestor.sph.com.sg/misc/slides_3q09.pdf3Q FY2009 Financial Results 13 July...

Singapore Press Holdings3Q FY2009 Financial Results13 July 2009

Group Financial Highlights – 3Q FY09

3Q FY 2009S$’ 000

3Q FY 2008S$’ 000

Change

Operating Revenue 327,063 344,365 - 5.0%

Operating Profit # 131,301 135,103 - 2.8%

Investment Income 17,597 25,666 - 31.4%

Net Profit 126,725 133,399 - 5.0%

# Recurring earnings of the media and property business, including profits from Sky@eleven development

NM: Not meaningful

Impacted by the economic downturn, the Group’s Newspaper andMagazine segment declined, offset by a strong Property performance

3

8.4%6.9%

-4.0%

-16.0%

-9.6%

-17.8%

-6.8%

6.0%

-17.0%

-26.1%

-21.3%

-30.1%

1.7%

6.5%

-9.3%

-20.1%

-14.3%

-23.0%

-35.0%

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

4QFY08 FY08 1QFY09 2QFY09 HYFY09 3QFY09Display Classified* Total

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

* Classified includes Recruitment and Notices

Classified revenue fell 30.1% mainly due to fall in Recruit ads

4

Circulation Copies Y-O-Y Growth (%)

Circulation revenue increased by S$1.9m in 3Q

5

• Staff costs decreased 18.9% to S$70.8m

– Pay cuts implemented by the Group from Apr 09

– Decrease in profit-related bonus

– S$3.4m Singapore Government Jobs Credit grant

Staff Costs – 3Q FY09

Salaries

Headcount • Total headcount increased to 3,971

– Result of the Group’s continued investment in its new media businesses.

6

588

656

772

827

779

11,825

11,355

10,592

9,192

9,644

400

450

500

550

600

650

700

750

800

850

3QFY08 4QFY08 1QFY09 2QFY09 3QFY09

8,000

9,000

10,000

11,000

12,000

13,000

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

Average Newsprint Charge-out Price & Monthly Consumption

Charge-out for FY09 is expected to be below US$800 per tonne

7

Property – Sky@eleven

• Revenue of S$365.0m has been recognised to-date

• Latest resale units above launch price

• On track for TOP in calendar year 2010

8

Property – Paragon

• Rental income increased S$0.6m (+2.1%) in 3QFY09

– 40,000 sq ft NLA added after facade enhancement

– 98% occupancy

• Revaluation of Paragon

– S$1.98b as of Jul 09

9

Recurring Earnings# and Operating Margin

# Profit before Investment Income

^ Restated to take into account the retrospective adjustments relating to FRS102 – Share-based Payment in FY2006

* Restated to take into account the retrospective adjustments relating to FRS40 – Investment Property

Overall margins sustained with profits from Sky@eleven

10

Investible Funds – 3Q FY09

• Equity holdings consist mainly of M1 and Starhub

• Fixed income investments are mainly investment grade corporate bonds and Singapore Government Securities

• Investment funds consists mainly of long-term private equity with established partners

11

• Monitoring the situation and taking necessary actions (improving revenue and managing costs)

• Positioning the Company for long-term growth.

Positioning for Recovery

12

Sphere Exhibits

• Licence 2 Play (May 2009)

• The Kidz Academy (Jun 2009)

Successfully organized 2 more events, providing additional platforms for advertisers to reach out directly to their target audiences.

Thank you

Please visit www.sph.com.sg

for more information.