Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — 9M 2017 and Q3 2017 Earnings Presentation
20 slides from Grupo Clarin SA Class B's earnings presentation, Nov 10, 2017
Slide 1: Nine Months and Third Quarter Results 2017
Nine Months and Third Quarter Results 2017 November 10th, 2017
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements Certain information included in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as “expect”, “bel
Slide 3: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q Results - November 10th, 2017
Slide 4: Macroeconomic Environment: Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(*) % yoy % yoy 43,6 44,8 43,2 38,0 33,0 30,8 33,2 35,2 26,8 24,8 25,5 26,5 25,9 26,6 24,5 22,3 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Consumer Price I
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q Results - November 10th, 2017
Slide 6: Income Statement: 9M17 & 9M16 yoy figures
Income Statement 9M17 & 9M16 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM 8.2 +27% 10,041 9.0 +15% 819 1,228 7,917 859 710 4,684 1,164 3,285 777 4,704 9M and 3Q Results - November 10th, 2017 4,121 -13 -54 -98 -248 -347 -575 9M16 9M17 9M16
Slide 7: Income Statement: 3Q17 & 3Q16 yoy figures
Income Statement 3Q17 & 3Q16 yoy figures Exhibit 4: Net Sales Exhibit 5: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM +22% 3,759 10.6 13.8 +58% 517 429 3,085 335 1,798 328 1,371 535 371 1,747 9M and 3Q Results - November 10th, 2017 1,512 22 -132 -214 -9 -35 -39 3Q16 3Q17 3Q16 3Q17
Slide 8: Income Statement: 3Q17 & 3Q16 yoy figures
Income Statement 3Q17 & 3Q16, yoy figures EBTIDA Margin (%) Exhibit 7: 3Q16 Exhibit 8: 3Q17 AR$ MM AR$ MM 3,759 3,085 22% 19% 2,182 1,840 9M and 3Q Results - November 10th, 2017 15% 1,060 918 10.6 13.8 328 58% 517 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales
Slide 9: Financial Debt
Financial Debt Exhibit 9: Key Financial Ratios AR$ MM 70.6 MM at 17.31 ARS/ USD 9M17 9M16 YoY 6M17 QoQ Total Gross Debt Outstanding* 1.221,8 446,6 173,6% 1.063,6 14,9% Total Gross Debt Incl. Interests** 1.235,5 450,1 174,5% 1.071,9 15,3% Total Net Debt 285,0 (77,9) NA 426,4 (33,1%) Net Debt/ Adjuste
Slide 10: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q Results - November 10th, 2017
Slide 11: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 11: 3Q16 Exhibit 12: 3Q17 AR$ MM AR$ MM 1,371 31% 1,798 28% 766 979 22% 27.1 29.8 233 284 371 44% 535 9M and 3Q Results - November 10th, 2017 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales A
Slide 12: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 15: Key Ratios +17% -3% 42.5 41.4 40.0 36.3 3Q16 3Q17 3Q16 3Q17 Prime Time1 (%) Advertising Share2 (%) 9M and 3Q Results - November 10th, 2017 +6% 33.9 35.7 3Q16 3Q17 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prim
Slide 13: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 16: 3Q16 Exhibit 17: 3Q17 AR$ MM AR$ MM 1,512 16% 1,747 877 13% 992 14% 644 733 1.2 (0.6) 9 22 9M and 3Q Results - November 10th, 2017 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses
Slide 14: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 20: Key Ratios -7% +2% 234 53.0 53.8 218 3Q16 3Q17 3Q16 3Q17 Circulation1 (‘000s) -4% Advertising Share2 (%) 9M and 3Q Results - November 10th, 2017 40.9 39.4 3Q16 3Q17 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario
Slide 15: Digital Content & Others: Revenues & Costs
Digital Content & Others Revenues & Costs EBTIDA Margin (%) Exhibit 21: 3Q16 Exhibit 22: 3Q17 AR$ MM AR$ MM 28% 429 335 29% 289 225 24% 145 (10.3) 179 (9.2) 35 39 9M and 3Q Results - November 10th, 2017 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expen
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q Results - November 10th, 2017
Slide 17: Ownership Structure & Corporate Governance
Ownership Structure & Corporate Governance Equity Participation at IPO1 Shareholder Structure3 % Number of Shares4 Free Float Controlling Shareholders2 85.1 MM 20,3% Free Float 21.6 MM • International (47%) • Local (53%) 79,7% Total 106.776 MM 9M and 3Q Results - November 10th, 2017 Controlling Shar
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q Results - November 10th, 2017
Slide 19: Q & A Session
Q & A Session November 10th, 2017
Slide 20: Nine Months and Third Quarter Results
Nine Months and Third Quarter Results 2017 November 10th, 2017
Grupo Clarín — 9M 2017 and Q3 2017 Earnings Presentation on 6ix