1Q FY13 Financial Results14 January 2013

Singapore Press HoldingsSingapore Press Holdings

Group 1Q FY13 financial highlights

1Q FY13S$’000

1Q FY12S$’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 Revenue1Q FY13S$’000

1Q FY12S$’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 taxation1Q FY13S$’000

1Q FY12S$’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

ousa

nds

200

250

300

350

400

Thou

sand

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

Thou

sand

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

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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