Slide 1: 2008 Annual Results
C CALTAGIRONE EDITORE 2008 Annual Results May 2009
Slide 2: Disclaimer
Disclaimer This document has been prepared by Caltagirone Editore S.p.A. for information purposes only and it is not intended as an offer or solicitation of an offer to purchase or sell any financial instrument. This presentation is being distributed to professional investors only and may not be rep
Slide 3: Agenda
Agenda The Group N. 2 in the domestic market Traditional newspapers and free press Traditional newspapers The first 15 Italian newspapers Regional leadership Leadership in the Centre and North East of Italy Free Press Leadership in the domestic market Financial highlights 2008
Slide 4: The Group: N.2 in the domestic market
The Group: N.2 in the domestic market Caltagirone Editore is the 2nd Italian publishing group with 26.43% share of average daily readers (1) Data in thousands Avg. daily readers 6,219 Avg. daily readers 5,598 Avg. daily readers 4,892 29,36% Avg. daily readers 26,43% 2,372 23,10% 11,20% Gruppo Editor
Slide 5: The Group: traditional newspapers and free press
The Group: traditional newspapers and free press Traditional newspapers (1) Free Press • National with 13 local editions • Circulation 210.954 • Readership 1.313.000 2.328.000 daily readers (2) National network in 15 cities • National with 8 local editions Average 28 full colour pages • Circul
Slide 6: Traditional newspapers
Traditional newspapers 6
Slide 7: The first 15 Italian newspapers
The first 15 Italian newspapers (1) CED is the 2nd Italian Group by readers, with 4 titles among the first 15 La Repubblica 3069 Il Corriere della Sera 2906 Leggo 2328 City 1986 Metro 1934 La Stampa 1449 Il Messaggero 1313 Il Resto del Carlino 1179 Epolis 993 La Nazione 862 Il Mattino 719 Il Gazzett
Slide 8: CED has a strong local leadership
CED has a strong local leadership (1) READERSHIP IN VENETO Regions in which CED is leader 38.9% Considerable presence (> 10%) Leggo’s presence (> 4%) (2) Caltagirone Editore 38,9% Combined with local newspapers (3) Gr. Espresso-Repubblica 36,1% Athesis 30,6% Rcs 14,3% READERSHIP IN LAZIO 0,0% 5,0% 1
Slide 9: Leadership in the Centre and North East of Italy
Leadership in the Centre and North East of Italy Group newspapers have an absolute leadership in the central-southern regions and in the North East of Italy (1) READERSHIP IN THE MACROREGION (2) READERSHIP IN VENETO 60.7% 38.9% (3) Caltagirone 60,7% Caltagirone Editore 38,9% Editore Gr. Espresso-Rep
Slide 10: Free Press
Free Press 10
Slide 11: Free Press: Leggo is the 1st free newspaper in Italy
Free Press: Leggo is the 1st free newspaper in Italy with 2,328,000 avg daily readers in 9 regions (1) LOMBARDIA 683,000 avg. daily readers VENETO PIEMONTE Como Bergamo 223,000 avg. daily readers Varese Verona 287,000 avg. daily readers Torino Venezia / Mestre Brescia Milano Padova EMILIA ROMAGNA 10
Slide 12: N.1 in the domestic market
N.1 in the domestic market Leggo is leader in the free press market with 37.3% share, 17% of avg. daily readers more than City and 20% more than Metro (1) Avg. daily readers 2,328,000 1,934,000 1,986,000 Metro City Leggo (1) Source: Audipress 2008/I 12
Slide 13: Financial highlights
Financial highlights 13
Slide 14: Financial highlights: full year 2008
Financial highlights: full year 2008 Euro thousands 2008 2007 ∆% Circulation 93,315 102,593 -9.0% Circulation revenues declined mainly Advertising 193,585 210,652 -8.1% due to a reduction in circulation (-5.4%) Services - 4,159 na and a considerable decline of promotions (-40%), a common trend amo
Slide 15: Revenues breakdown
Revenues breakdown Circulation revenues (Euro thousands) 2008 2007 ∆% Circulation 86,852 91,805 -5.4% Promotions 6,463 10,788 -40.1% • Il Messaggero 3,770 5,449 -30.8% • Il Mattino 1,171 1,660 -29.5% • Corriere Adriatico 18 302 -94.0% • Quotidiano di Puglia 65 80 -18.2% • Il Gazzettino 1,439 3,297 -
Slide 16: Revenues breakdown
Revenues breakdown Advertising is the main revenue and profitability driver Circulation Promotions Advertising Internet & Services Others 9 6 4 7 8,4 9 8 4 4 6 4 € millions 4 5 3 2 4 3 2 211 5 192 194 106 136 165 152 153 164 175 178 11 20 6 11 15 16 78 92 87 72 71 69 68 67 67 68 69 1998 1999 2000 20
Slide 17: Net Financial Position
Net Financial Position Net Financial Position on December 31st, 2008 € millions 31.12.07 € 25 Dividend 31.12.08 distributed € 52 € 28.5 Net investiments Operating and in financial stakes extraordinary (1) Cash Flow € 311.1 € 262.6 (1) It Includes investment in financial stakes of € 86m less disposal
Slide 18: Appendix
Appendix 18
Slide 19: Main shareholders
Main shareholders FREE FLOAT 34,6% FRANCESCO GAETANO GAETANO CALTAGIRONE (1) 60,8% CALTAGIRONE 2,4% EDIZIONE SRL 2,24% N° of ordinary shares: 125,000,000 Market capitalization: € 222 millions (2) (1) Directly and indirectly through controlled companies (2) As of May 13, 2009 19
Slide 20: Caltagirone Spa
Caltagirone Spa ¾ Caltagirone Spa is a holding company which controls three different subsidiaries active in the cement, media and construction industries ¾ 2008 consolidated sales achieved around € 1.6 bn ¾ The Group structure is the following: Mkt cap: cap: € 336 m (a) 66.7% (b) 56.5% (c) 31.7% 35
Slide 21: Investor Relations
INVESTOR RELATIONS E-mail: invrel@caltagironegroup.it Tel. +39 06 32493227 Fax +39 06 32493277 www.caltagironeeditore.com 21