Atresmedia Corporacion De Medios De Comunicacion Sa · BME:A3M
Atresmedia Corporacion De Medios De Comunicacion Sa — Atresmedia — Investor Presentation (March 2022)
16 slides from Atresmedia Corporacion De Medios De Comunicacion Sa's investor presentation, March 2022
Slide 1: Presentation to investors March 2022
“We believe in the power of reflection and emotion” ATRESMEDIA www.atresmediacorporacion.com Presentation to investors March 2022 Roadshow backto Presentation up_Mar 2013 investors_Mar 22 1
Slide 2: Atresmedia: Revenue breakdown in 2021
Atresmedia: Revenue breakdown in 2021 Advertising as core business while progressing into diversification Revenues by origin Revenues by division Non ad revenues Others Radio NAR Content 7% 11% 4% 8% Digital NAR 2021 Ad revenues 2021 Net 7% Net Revenues Revenues € 963m € 963m 89% 75% TV NAR Roadshow
Slide 3: Atresmedia: Revenue bridge 2021 vs 2020
Atresmedia: Revenue bridge 2021 vs 2020 Total revenue increased by €97 mill yoy vs 2020 2021 ∆ Revenue bridge In € mill +16 +4 +14 +4 963 +59 866 +€97 mill (+11%) 2020 Total TV NAR Digital NAR Content Others Radio 2021 Total Rev Rev Audiovisual Source: Atresmedia’s financial statements Eliminations
Slide 4: Spanish Advertising Market: TV, Radio and Digital
Spanish Advertising Market: TV, Radio and Digital The most relevant advertising markets for Atresmedia have been positive in 2021 TV Ad market In € mill 2,143 2,127 2,005 1,780 1,640 Total Ad market In € mill 8% 1% 50% 7,000 -1% -6% 1,000 5,962 5,958 -18% 40% 5,750 6,000 70% 900 5,441 800 30% Radio
Slide 5: Atresmedia Television: Revenue key variables
Atresmedia Television: Revenue key variables A3M TV’s revenue key variables in positive ∆ Price ∆ GRPs ∆ Gross Rating Points 22% 6% 3% 4% -11% ∆ ∆ ∆ ∆ Gross Ad. Revenue Audience Inventory TV viewing +9% Source: Internal estimates Roadshow backto Presentation up_Mar 2013 investors_Mar 22 5
Slide 6: Atresmedia Television: Advertising Sectors
Atresmedia Television: Advertising Sectors 2021: Recovery in most of the categories Ad spending by sectors % FY21 vs FY20 yoy 38% 25% 15% 9% 11% 8% FY21=+8% 1% -9% -17% (Energy, Cleaning, Home, Beauty & Food Autos Telcos Retail Finance Health Beverages Others Sports & leisure…) Hygiene 11% 12% 8% 13
Slide 7: Atresmedia Radio
Atresmedia Radio Radio: Strong recovery after Covid 19 A3M Radio KPIs A3M Radio: Revenue breakdown % FY21 growth yoy % Music Radio market Revenues Local (Infoadex) +11% 22% 43% Revenues OPEX Talk National +5.6% 78% 57% -7.3% By format By market EBITDA = 10.8 M€ EBITDA margin= 15% Source: Infoadex Ro
Slide 8: Atresmedia Digital
Atresmedia Digital Increasing weight in Atresmedia’s P&L ATRESMEDIA VOD & OWN PROPERTIES OTHER DIGITAL ASSETS Most visited sites Monthly Ranking Unique Users (Comscore. Dec 21 ) (Comscore. Avg 21) Sales 2021 Influencer Marketing 22% Agency Non Video 31% Programmatic Videoplayer users Registrations
Slide 9: Content Production and Distribution
Content Production and Distribution A solid strategy in content leveraging our content production expertise FTA TV Atresmedia’s Pay TV channels IN-HOUSE CONTENT EXPLOTATION Online TOTAL CONTENT EXPLOTATION subscribers Direct sales to Broadcasters Roadshow backto Presentation up_Mar 2013 investors_Ma
Slide 10: Atresmedia: Key Metrics
Atresmedia: Key Metrics Atresmedia’s Key Metrics 2017-2021 Net Revenues (€mil) EBITDA(€mil) OPEX(€mil) 1,052 1,042 1,039 963 866 202 856 187 184 850 855 173 791 755* 110* 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 FCF (€mil) Deuda Neta (€mil) Mg EBITDA (%) 240 231 193
Slide 11: Atresmedia: Guidance
Atresmedia: Guidance Guidance 2022 TV Ad Market P&L ∆ 1€ ∆ 0.5€ ~ +4% Revenue EBITDA Pay out ratio Total Net Debt Target ≥80% €50-60 mill ≥80% Roadshow backto Presentation up_Mar 2013 investors_Mar 22 11
Slide 12: Back Up Slides
Back Up Slides Roadshow backto Presentation up_Mar 2013 investors_Mar 22 12
Slide 13: Atresmedia 2021 Results: P&L
Atresmedia 2021 Results in € mill: P&L 2021 2020 YoY Net Revenues << 963.3 866.3 +11.2% OPEX 790.8 792.0 -0.2% OPEX proforma* <<<<<<<<<<<<<<<<< 790.8 755.5 +4.7% EBITDA 172.5 74.3 +132.3% EBITDA Margin 17.9% 8.6% <<< EBITDA proforma* 172.5 110.8 +55.7% EBITDA proforma Margin 17.9% 12.8% EBIT 154.5 4
Slide 14: Audiovisual 2021 results: P&L
Atresmedia Audiovisual 2021 results in € mill: P&L 2021 2020 YoY Total Net Rev. 901.2 807.9 +11.5% OPEX 739.5 736.1 +0.5% OPEX proforma* 739.5 704.5 +5.0% EBITDA 161.7 71.9 +124.9% EBITDA Margin 17.9% 8.9% EBITDA proforma* 161.7 103.5 +56.3% EBITDA proforma Margin 17.9% 12.8% EBIT 146.3 55.5 +163.6%
Slide 15: Radio 2021 Results: P&L
Atresmedia Radio 2021 Results in € mill: P&L 2021 2020 YoY Net Revenues 70.8 67.0 +5.6% OPEX 59.9 64.6 -7.3% OPEX proforma* 59.9 59.7 +0.4% EBITDA 10.8 2.4 +352.7% EBITDA Margin 15.3% 3.6% EBITDA proforma* 10.8 7.3 +47.7% EBITDA proforma Margin 15.3% 11.0% EBIT 8.3 -0.2 n/a EBIT Margin 11.7% n/a EBI
Slide 16: Additional information Investor Relations Department Legal Notice
Additional information Investor Relations Department Phone: +34 91 623 46 14 E-mail: ir@atresmedia.com Web: www.atresmediacorporacion.com Legal Notice The information contained in this presentation has not been independently verified and is, in any case, subject to negotiation, changes and modificat