Entravision Communications Corporation · NYSE:EVC
Entravision Communications — Bank of America Securities 2021 Leveraged Finance Conference
30 slides from Entravision Communications's conference presentation, Dec 2, 2021
Slide 1: Bank of America Leveraged Finance Conference
Bank of America Leveraged Finance Conference Chris Young, Entravision Chief Financial Officer | December 2nd, 2021
Slide 2: About this presentation
About this presentation Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. The company has previously provided a reconciliation between these non-GAAP financial measures and the most directly comparable GAAP measure. That reconciliation was included in t
Slide 3: About Entravision
About Entravision Entravision’s Growing Global Footprint We are a diversified global digital marketing and media solutions company serving clients across the US, Latin America, Europe, Asia and Africa Founded 1996, Public in 2000 1,174 employees 30 countries NYSE: EVC 3
Slide 4: Investment Highlights
Investment Highlights Solid Financial Significant & Growing Long-Term Position Target Market Television Contracts ❏ Strong Free Cash-Flow conversion ❏ U.S. Latino + Latam growing market (96% of EBITDA for Q321) ($2.3T by 2024) ❏ Entravision is Univision’s largest TV ❏ Solid liquidity > $182M in cash
Slide 5: Significant and Growing Global Digital Industry
Significant and Growing Global Digital Industry Global Internet Users and Digital Ad spending by Region Global Digital Ad spending USD $Billions, 2021-2025 Internet Digital Ad Spend 699.9 Users CAGR Region 645.8 2021 2021 2025 ‘21-’25 586.0 Millions $Billions $Billions 524.3 455.3 North America 328 1
Slide 6: Significant and Growing US Latino Market
Significant and Growing US Latino Market US Latino Market Highlights Young & Influential Growing Latino Population ❏ $1.7T Dollar Market; expected to top $2.3T by 2024 111.2M [1]. 99.8M ❏ 62.3M U.S. Latinos in 2020 (111.2M in 87.6M 2058). The largest U.S. ethnic or racial 74.8M group [1]. 62.3M ❏ 31%
Slide 7: Experienced Management Team
Experienced Management Team Walter Ulloa Karl Alonso Meyer Chairman & CEO Chief Revenue Officer Entravision founder. 40+ years of Deep broadcasting knowledge. 30+ years of experience in Spanish language experience in broadcasting, radio, television, broadcast. digital and advertising. 24 years at Entr
Slide 8: Entravision Operating Segments
Entravision Operating Segments
Slide 9: Entravision's Three Business Segments
Entravision’s Three Business Segments Digital Television Radio 30 Countries 55 TV Stations in the U.S. 47 Radio Stations in the U.S. Global programmatic, Big-Tech Owned Newscasts in 21 markets with Very strong talent and influencer pool representations, performance, local SMB specialized sales organi
Slide 10: Entravision Digital Revenue Evolution
Entravision Digital Revenue Evolution $482.8 Decisively re-engineering our DNA... Entravision Digital Revenue 2012-2021 (USD Millions) $143.3 $81.0 $4.1 $12.7 $23.1 2012 2014 2016 2018 2020 Q3-2021 LTM Revenue Share 2% 5% 9% 27% 42% 69% Countries 1 2 2 14 21 30 Capabilities - CPM - CPM - CPM / CPA /
Slide 11: Entravision Digital EBITDA Growth
Entravision Digital EBITDA Growth EBITDA EBITDA LTM USD millions USD millions +124% +42% $87.8* $23.2* $16.4 $39.2 Q3 2020 Q3 2021 Q3 2020 Q3 2021 11 * Excluding EBITDA attributable to redeemable noncontrolling interest.
Slide 12: Entravision Interactive Business Segments Focus
Entravision Interactive Business Segments Focus Digital Service Offering Partnerships & Business Units - Strong reach in 24 countries Global Tech - Greatest multi-target partnerships Representations - Specialized solutions & collections - Dedicated teams for each partner - Deep Mobile App expertise P
Slide 13: Digital Segment Industry Growth Drivers
Digital Segment Industry Growth Drivers Global Digital Ad Spend US Programmatic Ad Spend Global App Install Ad Spend USD Billions USD Billions USD Billions 13% 24% CAGR 21% CAGR CAGR $700 $118 $133 $76 $378 $75 2020 2025 2020 2023 2020 2022 Mobile share from total digital: 73% 77% Source: eMarketer,
Slide 14: Largest digital marketing company serving 18 Latam markets
Big Tech sales partnerships in 17 Latam countries: Owned branding products and specialized technology: Largest digital marketing company serving 18 Latam markets with unique Digital audio advertising solutions Mobile advertising Facebook, Spotify, and 1st Digital audio network in Latam, owned DSP -
Slide 15: Cisneros Interactive Growth and Markets
Cisneros Interactive Growth and Markets Miami Revenue EBITDA[1] USD millions USD millions Dominican Republic Mexico Puerto Rico Guatemala Honduras* +119% +112% El Salvador Nicaragua* Costa Rica Panama $116.6 $6.6 Colombia Ecuador Peru $53.3 $3.1 Brazil Bolivia Chile Paraguay Q3 2020 Q3 2021 Q3 2020
Slide 16: Leading Digital Marketing and Advertising Company in Southeast Asia
Leading Digital Marketing and Advertising Company in Southeast Asia Big Tech representations and In-house performance & branding agency solutions Vietnam India Philippines Thailand Massive Industry and Market Size Malaysia Singapore $5.3 Trillion 701 Million $6.4 Billion USD GDP Internet Users Digit
Slide 17: About 365 Digital
About 365 Digital Acquired by Entravision on November 1, 2021 A digital media business offering a premium ad network and exclusive sales representations of TikTok, Anzu in-Game Advertising and the digital audio platform Triton, serving the South African market Ideation, Branding and Performance Marke
Slide 18: Television Segment
Television Segment Univision and UniMás Drive 63%+ of the Spanish Language Viewing in EVC Markets Full-week audience share, Adults 18-49[3] 55 Early and late 1.2% Local TV newscasts produced 2.1% primary stations in 21 local US Univision largest affiliate group markets 35.1% 47.8% 13M+ 4.9M Households
Slide 19: Television Segment Growth Drivers
Television Segment Growth Drivers News Consumption by Hispanics Outpaces News Consumption by Entravision Local News Non-Hispanics[2] October 2021, A18-49 [1] Average weekly time spent per adult Growth Q2-2020 vs Q2-2019 Early News - 20 Markets +66% #1 or #2 regardless of language in 9 markets. +47%
Slide 20: Radio Segment
Radio Segment 47 316 16 96% O&O Radio Network U.S. Latino Stations Affiliates Markets Coverage Nationally Syndicated Shows – Iconic Talent ▪ Top Brand Name Talent driving ratings ▪ Network programming (Piolin and Lucas) ▪ Majority of content created in LA Media Center Unique Specialty Stations SPANISH
Slide 21: Entravision Financials
Ze entravision Entravision Financials
Slide 22: Q3-2021 Financials Update
Q3-2021 Financials Update Entravision Revenue Q3-2021 Entravision EBITDA Q3-2021 USD millions USD millions +216% +42% YoY YoY $199.0 $23.2 $16.4 $63.0 Q3 2020 Q3 2021 Q3 2020 Q3 2021 22
Slide 23: Solid Balance Sheet
Solid Balance Sheet Total Net Leverage as of September 30, 2021 Actuals in USD Millions Concept Cash & Marketable Securities $182.9 Notes $0.0 Other Debt $213.0 Total Debt $213.0 TTM Consolidated Adjusted EBITDA $87.8 Total Leverage Per Credit Agreement 1.57x Total NET Leverage (net of accessible 0.
Slide 24: Q4-2021 Pacing
Q4-2021 Pacing Entravision Q4-2021 Pacing As of Q4-2021 earnings call on November 4th, 2021 Q4-2021 Digital (1) +64% TV -24% Radio -6% TOTAL +25% (1) Excludes 2020 revenue from Cisneros Interactive and MediaDonuts which were acquired in Q4 2020 and Q3 2021, respectively. 24
Slide 25: Appendix
Ze entravision Appendix
Slide 26: Growth in Political Ad Revenue
Growth in Political Ad Revenue Entravision Political Net Revenue, 2006-2020 USD Millions $28.8 $16.5 $12.2 $10.7 $9.3 $8.1 $7.0 $5.4 0.9 4.5 $1.1 $0.5 $0.9 $1.1 $0.7 $0.3 $0.1 $0.3 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Q3 % of Total Net Revenue: 2% 0% 3%
Slide 27: Radio & TV And Latino Population Across The US
Radio & TV And Latino Population Across The US Growing Latino Demographic Boston, MA Overall Latino population Springfield, MA growing faster than Sacramento, CA Hartford, CT non-Latino population Modesto, CA and is expected to reach 111 million by 2060 Reno, NV Stockton, CA Aspen, CO 2019 Hispanic S
Slide 28: Top Ranked Local News
Top Ranked Local News Focusing on issues relevant to Latinos, Entravision’s local newscasts are #1 or #2 in 9 markets among ALL 18-49 viewers, regardless of language HISPANIC MARKET EARLY NEWS NEWS DMA STATION ADULT 18-49 RATING RANK (2021-22) TP RANK 11 McAllen KNVO #1 2.0 13 Tampa WVEA #1 1.6 17 W
Slide 29: Solid Growth Story
Solid Growth Story A client marketing solution-centric vision since 1996 Digital Advertising Company Leading Ad-Rep and in South Africa Digital Agency in Southeast Asia Acquisition 100 TV & Radio Leading Ad-Rep, Audio Stations (US) and Mobile Video In Leading Mobile Latam Acquisition IPO Programmati
Slide 30: Digitally Transformed at the Core
Digitally Transformed at the Core 51 technology and information applications enable productivity, transparency and accountability Back-End Sales Operations Front-End Accounting Service Desk Traffic System CRM Data Visualization HR Management Talent Office & Documents Sales Op. Automatization Direct Mark
Entravision Communications — Bank of America Securities 2021 Leveraged Finance Conference on 6ix