HT Media Ltd

Indian Media Industry Overview

…Sector dynamics

0.34

0.55

1.12

1.34

0.95 0.98

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

Indi

a

Chin

a

Sing

apor

e

US UK

Glob

al

High growth potential

Advertising spend as % of GDP in India still very low …attractive growth potential

Indian media at inflexion point, with ad spend set to rise with economic growth, rising

consumerism and higher media penetrationSource PWC report/Zenith Publication

Growth Rates- Ad revenues

CAGR India

CAGR Global

India 2005 Over

2005-10 2005-09 2004

TV 14% 6% 11%

Print 15% 5% 16%

Radio 32% 5% 37%

Out of Home 14% 5% 17%

Internet 50% 14% 50%

Total 15% 6% 16%

Indian media on growth tracks – fueled by robust economic fundamentals

Print clocks high growth…. grows faster than TV for second consecutive year

Source: FICCI and PWC Report

Advertisement Industry - OverviewRs. Crs

Ad Industry AmountTV 5,450 Dailies 5,300 Magazines 970 Out of Home 900 Radio 300 Internet 100 Total 13,020

Media Industry –2005Ad industry Dailies

Dailies41%

Magazines7% TV

42%

Internet1%Out of Home

7%

Radio2%

English48%

Hindi21%

Biz dailies8%

Others23%

Industry estimate for 2006 continues to be optimistic

Expected to grow faster than 2005; ~ 20%

Higher literacy to further boost print penetration

Industry estimates compiled from Adex India

HT Media Overview

Business paper

Corporate Journey

HT inaugurated by Mahatma

Gandhi

1924

Hindustan Times Ltd

formed

1927

Multiple editions launched

1986

Media business demerged; HT

Media Ltd incorporated

2003

HT Media goes

public

2005

2nd largestprint media

companyin India;Reader base of

over13 million

2006

Sales offices

Editions cover 65% of population

Pan-India sales presence

Corporate Culture

RESPONSIBILITY

PEOPLE-CENTRIC

COURAGE

EMPOWERMENT

SELF-RENEWAL

Corporate Snapshot

FY’06 H1 FY’07Rs Crs %G Rs Crs %G

Revenue 839 +32% 505 +31%

EBITDA 136 +62% 116 +108%

PAT 37 +36% 58 +214%

Financial

InstitutionalInvestor

Henderson Asia PacificCiticorp Finance

Presence & Position – Hindustan Times

1. Times Of India2. DNA3. Hindustan Times

Mumbai

1. Telegraph2. Times Of India3. Hindustan Times

West Bengal

1. Hindustan Times2. Times Of India

Delhi

1. Hindustan Times2. Tribune

Punjab

1. Times of India2. Hindustan Times

UP1. Hindustan Times2. Times Of India

Bihar/Jhknd

Along with a national footprint HT also has a dominant position in key markets

Presence & Position – Hindustan

1. Navbharat Times2. Hindustan

Delhi

1. Jagran2. Amar Ujala3. Hindustan

UP

1. Hindustan 2. Jagran2. Prabhat Khabar

Bihar/Jhknd

Covers Delhi/UPBihar & Jharkhand

Expanding footprint

Leveraging existingInfrastructure

Printing hubsAgra/Meerut- DelhiKanpur - Lucknow

Multimedia Presence

HT Media

HindustanHindustan Times

• Delhi

• Mumbai

• Chandigarh

• Bhopal

• Jaipur

• Lucknow

• Patna

• Ranchi

• Kolkata

• North &

East India

(UP, Bihar,

Jharkhand,

Delhi)

Business (WSJ)

• Delhi

• Mumbai

Magazines

• Nandan

• Kadambini

• Others

Print Internet

• HindustanTimes.com

• Hindustan.com

• HTCricket.com

Events

•Leadership

• Luxury

• Youth

Nexus

• Delhi

• Mumbai

• Bangalore

• Kolkata

Radio (Virgin)

TabloidJV with BCCL

Business Strategy - Internet

38

60

86

123

201

UK

India

Japan

China

USA

5

9

63

67

69

India

China

UK

Japan

USA

3

6

10

33

51

USA

UK

Japan

China

India

Internet users Q3’06 (Million) Penetration % CAGR % (00-06)

India has small internet user base but is the fastest growing market amongst all the leading markets

Indian internet users expected to reach 122 Million by 2009 (source : Kaufman Bros)

Leverage content to build verticals

VAS – Alerts/Gaming/Contests/Short code (4242)

Source Internetworldstats.com

Business Strategy – Business paper

Long term segment growth potential is high

Indian economy showing robust growths

Booming stock market

Opportunity exists for a high quality daily

Build a comprehensive finance portal

Gap exists for a high quality business paper

Business Strategy - Radio

Enter Delhi & Mumbai followed by Bangalore & Kolkata

Delhi & Mumbai …. accounts for + 50% of the radio industry

Globally radio revenue accrues from one or two main cities

• South Africa – Jo’burg & Capetown +80 %

• Thailand - Bangkok +80%

• Australia – Melbourne, Sydney & Brisbane + 75%

Radio industry set to grow multifold

CAGR of 34% for 5 years (2006-10)

Financial Performance

FY 06 performanceEBIDTARevenue

839

637552

0

200

400

600

800

1000

2003-04 2004-05 2005-06

84

136

200

20406080

100120140160

2003-04* 2004-05 2005-06

+ 32% + 62%

52

34

-2

-5

15

35

55

2003-04* 2004-05+ 2005-06+

PAT + 55%

* 2003-04 for 9 months+ All figures before extra-ordinary items

Quarterly performance – Total Revenue

258

159165158155

229226

199186

248

0

50

100

150

200

250

300

Q1 Q2 Q3 Q4

Rs

Crs

FY 05 FY 06 FY07

+20%

+33%

+26%

+37% +44%+30%

Quarterly performance – EBITDA

55

2423

15

22

4041

2629

61

0

10

20

30

40

50

60

70

Q1 Q2 Q3 Q4

Rs

Crs

FY 05 FY 06 FY07

+32%

+107%

+74%

+81% +66%

+109%

Quarterly performance – PAT

27

910

5

10

1617

810

31

0

5

10

15

20

25

30

35

Q1 Q2 Q3 Q4

Rs

Crs

FY 05 FY 06 FY07

+8%

+188%

+52%

+74%+77%

+ All figures before extra-ordinary items

+236%

Thank You