Jagran Prakashan Limited (JPL)

Result Update Presentation

Q1 FY2015

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jagran Prakashan Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

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Consolidated Financials Highlights

Digital Business Overview

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Key Highlights

Revenue for the Quarter Rs. 440 Crs., 7% Growth

EBITDA for the Quarter Rs. 107 Crs., 5% Growth

Operating Margin of “Dainik Jagran” at 34%

Dainik Jagran – Most Circulated Newspaper of Patna

Digital Advertising Revenue Growth of 57%

Jagran sites ranked at # 19* amongst all Indian Internet sites and # 4* amongst

all media company’s internet sites

Dainik Jagran – Only Indian Newspaper amongst 6 Newspapers in the world that

has won two 1st place awards at INMA in 2014

4 * Source: ComScore

Consolidated Quarterly Profitability Statement

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Rs. in Crs Q1 FY15 Q1 FY14 YoY Q4 FY14 QoQ

Revenues 440.3 412.2 7% 420.7 5%

Advertisement Revenue 308.9 289.8 7% 291.7 6%

Circulation Revenue 95.7 85.5 12% 88.7 8%

Others 35.7 37.0 40.3

Raw Material 162.7 141.6 157.1

Manpower Cost 64.8 60.0 58.5

Other Operating Expenses 105.8 108.7 126.2

Operating Profit 107.0 101.9 5% 79.0 36%

Operating Profit Margin 24.3% 24.7% 18.8%

Other Income 6.9 -1.2 45.8

Depreciation & Amortisation 23.8 18.1 22.0

Interest 8.4 7.1 10.1

Exceptional Items -- -- 10.1

Profit Before Tax 81.8 75.6 8% 82.6 -1%

Tax 26.7 17.7 27.4

Profit After Tax 55.1 57.8 -5% 55.2 0%

Advertisement Growth of

7% despite subdued activity

in Advertising during

election period

Circulation Revenue growth

is mainly driven by

improvement in Per Copy

Realization

Achieved growth in

Operating Profit despite

increase in Newsprint cost

over 12%

Additional Depreciation of

Rs. 4.95 Crs provided on

account of new Company’s

Act accounting guideline

Effective Tax rate in Q1

FY14 was lower due to

benefit of accumulated

losses of Naidunia print

business

Operating Margin break-up

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* Other Publications: Naidunia, Midday, I-Next, City Plus, Punjabi Jagran & magazines

Publications (Rs. Crs) Q1 FY15 Q1 FY14 Q4 FY14 FY14 FY13

Dainik Jagran

Operating Revenue 335.9 310.3 312.7 1,258.0 1,127.6

Operating Profit 114.2 114.1 91.1 413.4 345.6

Operating margin 34.0% 36.8% 29.1% 32.9% 30.7%

Other publications

Operating Revenue 76.1 73.6 76.2 320.8 279.2

Operating Profit -7.6 -12.1 -12.7 -29.67 -36.2

Operating margin -10.0% -16.4% -16.6% -9.3% -13.0%

Outdoor and Activation business

Operating Revenue 25.8 27.8 29.9 120.48 116.5

Operating Profit 0.7 0.5 0.5 2.05 -10.6

Operating margin 2.8% 1.8% 1.7% 1.7% -9.1%

Continued Operating

Losses in Other

Publications :

– Mainly due to

Continued

Investments in

NaiDunia as a part of

strategy to increase

the Circulation

– I-Next reported profit

due to strong

Advertising Revenue

growth and improved

per copy realization

– Operating result of

NaiDunia, Mid-day

and Punjabi Jagran

improved

Reduction in Net Debt Position

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Rs. Crs. Mar ’14 Jun’14

Cash & Bank Balance 32.5 35.3

Investments * 325.1 298.8

Gross Cash Balance 357.6 334.1

Borrowings 489.7 395.5

Net Debt 132.0 61.4

* Investments includes Investment in Mutual Fund and ICDs

March '14 June '14

681

775

132.0

61.4

Networth* Net debt

Net Debt - Equity

0.35 0.08

- Net Debt includes Rs. 95 Crs. of NCDs from Holding

Company redeemable in 2017 at a Premium of 6.5% pa

March '14 June '14

132.0

61.4

* Networth excluding intangible assets and Goodwill

Rs. Crs.

Rs. Crs.

Consolidated Financials Highlights

Digital Business Overview

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2013 E 2014 P 2015 P 2016 P 2017 P 2018 P

150 186

237 295

351

416

24

27

31

36

41

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Wireless Connection Wireline Connection

Why we are bullish for Digital Business

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FY 13 - 18 India Internet Connection CAGR: 21.6 %

Wireline connection: 14.4 %

Wireless connection: 22.6 %

India is 3rd largest Internet

Market with 137 mn Urban

and 68 mn Rural Users

Growth in Internet

connections mainly due to

higher penetration of Internet

enabled mobile devices and

Growing adoption of 3G

Internet user population in

2018 expected to increase to

~53% of total number of TV

viewers from 27% in 2013

Digital Media presents an

opportunity to engage

specific target audience in

cost effective way

Source: FICCI-KPMG Indian Media & Entertainment Industry Report 2014

213

268

331

392

463

174

Million Connections

Translating in Advertising Revenue Growth

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2013e 2014p 2015p 2016p 2017p 2018p

26.7 36.1

47.7 59.0

73.0 83.2

3.4

5.1

7.4

10.7

15.1

19.1

FY 13 - 18 Advertising Revenue CAGR: 27.7 %

Desktop Internet Advertising : 25.5 %

Mobile Advertising : 41.2 %

Top Digital spenders sectors

during FY 2013 – Auto (13%),

BFSI (12%), Travel (12%) and

Telecom (14%)

Share of Digital Advertising

Revenue to increase from

3.7% of Total Advertising

Revenue in 2013 to 5.5 % in

2018

Source: FICCI-KPMG Indian Media & Entertainment Industry Report 2014

Rs. Billion

41.2

55.1

69.7

88.1

102.3

30.1

Jagran – Well prepared to capitalize opportunity

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JAGRAN NEW MEDIA

62 mn Unique Visitors

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Source: Google Analytics May 2014 data

Google Analytics includes Traffic coming from India, International - Web and Mobile Users

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10 10

8 8 8 7

6 5

4 3

Sites with Maximum Unique Visitors

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Source: ComScore Data - Average of 3 months - April 2014 to June 2014

Unique Visitors (in million)

ComScore covers India only web traffic (Doesn’t include Mobile & International Traffic)

Jagran.com - No. 1 Hindi News Portal

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Jagran.com Bhaskar.com Navbharat Times Aajtak.in

4,639

3,105

2,563

55

Unique Visitors (‘000)

Maximum Number of Unique Visitors on Hindi News Portal

Source: ComScore Data - Average of 3 months - April 2014 to June 2014

ComScore covers India only web traffic (Doesn’t include Mobile & International Traffic)

Higher Unique Visitors across category

15

2,264

1,938

682

104

5,419

2,021

1,288 855

Unique Visitors (‘000)

Education Portal Health Portal

Source: ComScore Data - Average of 3 months - April 2014 to June 2014

ComScore covers India only web traffic (Doesn’t include Mobile & International Traffic)

Initiatives to further Strengthen Mobile Platform

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CROSS PLATFORM MOBILE AND WEB

PUBLISHING PLATFORM FOR E-PAPERS

JAGRAN POST LAUNCHED ON THE AWARD WINNING PULSE NEWS APP

JAGRAN HINDI NEWS APP AND BBM

CHANNEL INTEGRATION

LAUNCHED FIRST NEWS CHANNEL ON THE

POPULAR MESSAGING APP

The Strategy…

Leverage Credible News Content of JAGRAN to strengthen DIGITAL

presence

Capitalizing on Growing Mobile Traffic

Building Video Content

Focus on User Generated Content

Increase Foot hold in Non JAGRAN Markets

Covering all major events

Focus on Content Acquisition, Distribution & Alliances

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JAGRAN NEW MEDIA …

18 Source: ComScore - June 14

… READY FOR

FUTURE

OPPORTUNITIES

ComScore covers India only web traffic (Doesn’t include Mobile & International Traffic)

For further information, please contact:

Company : Investor Relations Advisors :

Jagran Prakashan Ltd. CIN: L22219UP1975PLC004147 Mr. Amit Jaiswal amitjaiswal@jagran.com www.jplcorp.in

Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Gaurang Vasani / Mr. Jigar Kavaiya vgaurang@sgapl.net / kjigar@sgapl.net www.sgapl.net

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