Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2011 Earnings Presentation
26 slides from Alma Media Oyj's earnings presentation, Apr 29, 2011
Slide 1: Alma Media Q1 2011 result
Alma Media Q1 2011 result Kai Telanne, President and CEO Tuomas Itkonen, CFO April 29, 2011 1 29042011
Slide 2: Agenda
Agenda • Highlights Q1 • Market review • Segment review • Financials Q1 and outlook 2 29042011
Slide 3: Highlights Q1 2011
Highlights Q1 2011 • Revenue amounted to MEUR 77.1 (74.4), up 3.7% — The share of digital products and services totalled grew to MEUR 14.1 (11.4), representing 18.3% (15.3%) of the revenue. • Advertising sales grew by 8.2% to MEUR 37.7 (34.8). — Online advertising sales increased by 31.4%, developin
Slide 4: Key figures Q1 2011
Key figures Q1 2011 IFRS Revenue, MEUR EBIT, MEUR 90 16 +3,7% 14 0,2 80 83,0 78,7 77,1 13,4 70 74,4 75,2 12 11,3 +12,0% 60 10 11,0 50 8 9,3 8,3 40 6 30 4 20 2 10 0 -0,4 -0,1 -0,3 -0,3 0 -2 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Onetime items 4 29042011
Slide 5: Markets Q1 2011
Markets Q1 2011 5 29042011
Slide 6: Advertising sales change Q1 / 2011
Advertising sales change Q1 / 2011 Alma Media vs. market Market* Alma Media** Change, % Q1 11 Q1 11 Newspapers total 4.8 0.8 *** Magazines 1.6 - Television 12.4 - Radio 26.0 - Internet 32.5 30.9 TOTAL 9.7 8.2 * Source: TNS Media Intelligence ** without discontinued operations *** Newspapers segment
Slide 7: Advertising change by branch
Advertising change by branch Total market; change from previous year P1 2011 vs 2010 P2 2011 vs 2010 P3 2011 vs 2010 Retail -0.2 % Retail 5.2 % Retail -2.1 % Motor v. 13.8 % Motor v. 30.1 % Motor v. 22.2 % Food & bev. 5.0 % Food & bev. 26.6 % Food & bev. 9.9 % Recru 55.4 % Recru 38.0 % Recru 35.2 %
Slide 8: Advertising change by branch
Advertising change by branch Newspapers total*; change from previous year P1 2011 vs 2010 P2 2011 vs 2010 P3 2011 vs 2010 Retail 0.3 % Retail -3.2 % Retail -9.1 % Motor v. 11.9 % Motor v. 16.9 % Motor v. 17.4 % Recru 52.2 % Recru 36.3 % Recru 29.8 % Houses 6.8 % Houses 19.4 % Houses 15.9 % Entert 0.
Slide 9: Advertising by branch Q1 / 2011
Advertising by branch Q1 / 2011 Total market; change from Q1 2010 Advertising in Q1 11 MEUR Retail 0.6 % Retail 56 Motor v. 21.5 % Motor vehicles 31 Food & bev. 14.8 % Food & beverages 25 Recru 42.9 % Recruiting 16 Houses 18.3 % Houses and premises 12 Tourism 25.3 % Tourism and traffic 12 Entert 1.9
Slide 10: Advertising by branch Q1 / 2011
Advertising by branch Q1 / 2011 Newspapers total*, change from Q1 2010 Advertising in Q1 11 MEUR Retail -4.5 % Retail 41 Motor v. 15.3 % Motor vehicles 16 Recru 39.6 % Recruiting 10 Houses 13.9 % Houses and premises 8 Tourism 3.9 % Tourism and traffic 4 Entert 1.0 % Entertainment 4 Tele -13.1 % Tele
Slide 11: Segment review Q1 2011
Segment review Q1 2011 11 29042011
Slide 12: Newspapers
Newspapers • Revenue grew to MEUR 53.8 (52.2), up 3,2 %. — Circulation revenue remained at comparison period’s level at MEUR 26.9 (26.8). — Advertising sales grew to MEUR 26.0 (24.6), up 5,6 % (up 0.9%). ◦ Advertising sales in printed papers grew by 1.9% (down 1.4%). ◦ Online advertising sales incre
Slide 13: Kauppalehti Group
Kauppalehti Group • Revenue declined to MEUR 13.9 (14.1), down 1,0 %. — Circulation revenue remained at comparison period’s level, at MEUR 3.8 (3.8). — Advertising sales decreased by 1.8% (down 3.3%), while online advertising sales grew by 1.5% (29.9%). — Content and service sales at the level of th
Slide 14: Marketplaces
Marketplaces • Revenue grew to MEUR 9.1 (7.6), up 20.0%. • The increase in revenue was mainly driven by the strong growth in advertising for recruitment and online advertising for housing. • Total expenses remained at the level of the comparison period, at MEUR 7.7 (7.6). • Operating profit excl. no
Slide 15: Other operations
Other operations • Revenue was MEUR 19.6 (19.3), of which external revenue MEUR 1.4. • The investment in renewing the Tampere printing facility proceeds as planned. — The printing press will be purchased from manroland AG, the supplier for the mailing equipment will be selected in 2011. — Financing
Slide 16: Financial review Q1 2011
Financial review Q1 2011 16 29042011
Slide 17: Key figures Q1 2011
Key figures Q1 2011 IFRS Revenue, MEUR EBIT, MEUR 90 16 +3,7% 14 0,2 80 83,0 78,7 77,1 13,4 70 74,4 75,2 12 11,3 +12,0% 60 10 11,0 50 8 9,3 8,3 40 6 30 4 20 2 10 0 -0,4 -0,1 -0,3 -0,3 0 -2 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Onetime items 17 29042011
Slide 18: Revenue change by type
Revenue change by type IFRS Circulation, MEUR Advertising, MEUR 0,8 3,5 +8,3% +2,0% 3,0 +8,2% 0,6 2,5 0,4 2,0 0,2 +0,1% 1,5 0,0 1,0 -0,2 0,5 -0,4 0,0 -0,6 -0,5 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 18 29042011
Slide 19: Revenue by segment
Revenue by segment w/o onetime items Newspapers, MEUR & % Kauppalehti Group, MEUR & % 70,0 18,0 +1,8% +3,9% 16,0 60,0 16,1 +3,2% -1,0% 58,1 14,0 50,0 53,8 14,1 13,9 52,2 12,0 40,0 10,0 30,0 8,0 6,0 20,0 4,0 10,0 2,0 0,0 0,0 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 19 29042011
Slide 20: Revenue by segment
Revenue by segment w/o onetime items Marketplaces, MEUR & % Other, MEUR 9,50 25,0 +20,0% +10,9% 9,00 9,1 +1,4% 20,0 20,4 19,2 19,6 +28,5% 8,50 8,4 15,0 8,00 10,0 7,50 7,7 5,0 7,00 6,50 0,0 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 20 29042011
Slide 21: EBIT by segment, MEUR
EBIT by segment, MEUR w/o onetime items Newspapers, MEUR & % Kauppalehti Group, MEUR & % 12,0 18 % 3,0 20 % +1,4% -3,6% -11,7% -22,8% 15,0 % 16 % 18 % 10,0 2,5 13,3 % 14 % 16 % 12,4 % 8,7 14 % 8,0 12 % 2,0 11,0 % 10,8 % 12 % 6,9 10 % 1,7 8,6 % 6,0 6,7 1,5 10 % 1,5 8% 8% 4,0 6% 1,0 1,2 6% 4% 4% 2,0 0
Slide 22: EBIT by segment, MEUR
EBIT by segment, MEUR w/o onetime items Marketplaces, MEUR & % Other, MEUR 1,8 18 % 2,5 -107,0% +1 477,7% 1,6 16 % 16,2 % 1,4 14 % 2,0 1,5 1,2 12 % 1,5 1,0 10 % 0,8 8% 1,0 0,6 6% 0,4 4% 0,5 0,2 1,2 % 2% 0,5 0,1 0,2 0,0% 0,0 0% 0,0 -0,3 -0,1 -0,2 -2 % -0,4 -4 % -0,5 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q1 1
Slide 23: Cash flow from operating activities
Cash flow from operating activities IFRS 30,0 27,5 25,6 25,0 22,4 20,0 MEUR 15,0 10,0 5,0 0,0 Q3 08 Q4 08 Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Tax return 23 29042011
Slide 24: EPS and shareholders' equity per share
EPS and shareholders' equity per share 0,10 1,2 0,09 0,08 0,08 1,0 0,96 0,90 0,06 0,8 0,32 0,23 0,09 0,09 0,04 0,6 0,02 0,4 0,64 0,67 0,00 0,00 0,2 -0,02 0,0 Q1 10 Q1 11 Q1 10 Q1 11 EPS wo onetime Retained earnings Onetime items Restricted equity 24 29.4.2011
Slide 25: Outlook on April 29, 2011
Outlook on April 29, 2011 • Alma Media estimates that its full-year revenue and operating profit excluding non-recurring items will grow from the 2010 levels. • In 2010, revenue totalled MEUR 311.4, operating profit excluding non-recurring items was MEUR 43.9 and operating profit MEUR 43.4. 25 29042
Slide 26: Thank you!
Thank you! 26 29042011