Singapore Press HoldingsFY2009 Financial Results12 October 2009

Group FY2009 Financial highlights

FY 2009S$’ 000

FY 2008S$’ 000

Change

Operating Revenue 1,301,367 1,301,011 -

Operating Profit # 496,959 501,688 -0.9%

Investment Income (6,186) 47,748 NM

Net Profit 421,881 437,444 - 3.6%

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

NM: Not meaningful

2

Strong contribution from Sky@eleven offset decline from Newspaper and Magazine segment

� Impacted by the recession, revenue of Newspaper and Magazine segment, which is closely linked to the Singapore domestic economy, declined by 12.0% to S$892.4m

� Strong property performance

� Revenue recognised for Sky@eleven increased by S$104.3m � Revenue from Paragon increased by S$5.3m

� Slight decline of 3.6% in profit attributable to shareholders

3

% Decline in ad revenue has moderated in 4Q

* Classified includes Recruitment and Notices

N ewspaper A d R evenue Y-O-Y Gro wth (%)

-4.0%

-17.8%-16.0% -15.7% -13.2%

-21.5%

-26.1%

-17.0%

-30.1%

-23.7%-23.0%

-20.1%-17.5%

-9.3%

-18.0%

-35.0%

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

1QFY09 2QFY09 3QFY09 4QFY09 FY09

Display Classif ied* Total

� ST Sat paper size appears to be building in recent times

� Decline in Classified ads was mainly due to fall in Recruitment ads that is expected to improve as the economy recovers

4

Despite the recession, circulation revenue increased by 4.1% as a result of our cover price increase

C irculat io n C o pies Y-O-Y Gro wth (%)

-2.8% -2.2%

0.5%

-8.6%

-0.7%

-11.4%

1.4%

-1.9%

7.2%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

The

Straits

Times

The

Sunday

Times

The

Business

Times

The New

Paper

Lianhe

Zaobao

Lianhe

Wanbao

Shin M in

Daily

News

Berita

Harian

Tamil

M urasu

5

Circulation of The New Paper and Lianhe Wanbao

� The New Paper� The New Paper has provided human-interest

reports and sports coverage for more than 20 years. The decline in circulation is largely attributed to the current recession, 2 free newspapers and the internet effect.

� Lianhe Wanbao� Revamped simultaneously with Shin Min Daily

News in Oct 2007, this Chinese evening daily was repositioned to attract a younger group of readers.

� While the revamp resulted in a rebalancing between the 2 evening dailies, Lianhe Wanbaohas since attracted new advertisers with its refreshed image.

6

Staff Costs and headcount – FY2009

� Staff costs decreased 13.9%�Lower bonus provisions

�Singapore Government Jobs Credit grant

�Wage cuts implemented by the Group in Apr 09

� Total headcount as at Aug 09 was 3,941 (Aug 08: 3,918)

7

FY09 Newsprint charge-out price averaged at US$747

772 779

612

827

9,683

9,6449,192

10,592

400

450

500

550

600

650

700

750

800

850

1QFY09 2QFY09 3QFY09 4QFY09

8,000

9,000

10,000

11,000

12,000

13,000

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

8

FY10 Newsprint Outlook

� Newsprint charge-out rates will moderate as market prices remain soft in the near term.

� Newsprint prices may rise during the current financial year in line with the economic recovery.

9

Property – Sky@eleven

� Revenue of S$451.9m has been recognised to-date

� Latest resale price maintained above launch price

� On track to obtain TOP in 2010

10

Property – Paragon

� Operating revenue increased S$5.3m (+4.7%) in FY09

� 99% occupancy

� Paragon is expected to continue to provide a steady recurrent income stream

Revaluation of Paragon at S$1.98b in Jul 09

11

Operating Margin sustained despite global recession

# Profit before Investment Income* Restated for retrospective accounting adjustments (FRS 40 & FRS102)

Recurring Earnings# and Operating Margin

200

250

300

350

400

450

500

550

FY05* FY06* FY07* FY08 FY09

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

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

13

Investible funds – FY09

� Due to the global financial crisis,

the Group recorded a net loss of

S$6.2 million on its investment

portfolio

� Equity holdings consist mainly of M1 and Starhub

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

Group Investible Fund ($1.0b)

28.0%

25.1%16.8%

30.1%

Equities

Bonds

Investment Funds

Cash and deposits

14

Dividend per Share

24

26

22.8

25

27

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

FY05 FY06 FY07 FY08 FY09

Net Dividend per Share (Cents)

Declared dividend per share of 25 cents(7 cents interim, 18 cents final)

15

Beijing

The Philippines

Malaysia

Shanghai

GuangzhouShenzhen

Singapore

Promising initiatives from our new media

� Launched in

November 2007,

Mudah is SPH’s first

overseas JV in online

classifieds

� No. 1 Malaysian

Classifieds website

� No. 2 Malaysian local

website

� > 150 million page

views per month

� Launched in March

2009

� Making significant

headways within 6

months and fast

catching up with

market leader

� Top 3 Classifieds

website in The

Philippines

16

Successful execution of greenfield and acquisition projects

Moving into book publishing; Maximising the wealth of content available Entering MICE industry;

Organised 5 shows in FY09

Sep 08 Nov 08 Mar 09Feb 09

Providing investor relations and online financial services

Launched online directory website in Malaysia

Launched online classifieds website in The Philippines

17

Thank you

Please visit www.sph.com.sg

for more information.