Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q1 2020 Earnings Presentation
20 slides from Grupo Clarin SA Class B's earnings presentation, Jun 10, 2020
Slide 1: First Quarter Results 2020
First Quarter Results 2020 June 10th, 2020
Slide 2: Disclaimer
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 First Quarter Results 2020
Slide 4: COVID-19: our measures and focus
COVID-19: our measures and focus Health, security and safety for our employees Protecting our o Following strict labor and security protocols. people o Implementing the home office system for most of our employees. o Reorganizing all our facilities to protect and grant safety to the editors that are
Slide 5: Macroeconomic Environment
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 56.2 54.1 78.4 51.8 52.2 50.5 47.3 65.0 68.2 59.3 62.7 55.0 35.4 27.1 40.0 38.0 25.3 27.3 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 M
Slide 6: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session First Quarter Results 2020
Slide 7: Income Statement
Income Statement 1Q20 & 1Q19 figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM -16% 6,095 5.9 +26% 5,116 358 4,973 5.9 2,157 143 538 3,939 231 127 642 2,221 1,571 221 4,973 231 3,939 (2.5) 2,514 (2.5) -4 2,032 44 -2 -127 -33 -39 -306 -300 1Q19 1Q2
Slide 8: Income Statement
Income Statement 1Q20 & 1Q19 Figures EBTIDA Margin (%) Exhibit 4: 1Q19 Exhibit 5: 1Q20 AR$ MM AR$ MM 5,116 6,095 (16%) (6%) 3,844 3,625 (14%) First Quarter Results 2020 1,894 1,622 5.9 -2.5 358 (136%) 130 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Exp
Slide 9: Financial Debt
Financial Debt Exhibit 6: Key Financial Ratios AR$ MM 33.1 MM at 64.47 ARS/ USD 1Q20 1Q19 YoY Total Gross Debt Outstanding* 2,136.5 1,420.6 50.4% Total Gross Debt Incl. Interests** 2,160.4 1,440.0 50.0% Total Net Debt (148.0) (51.5) 187.3% % US$ Debt 75.3% 43.4% 73.5% Exhibit 7: Debt Profile as of M
Slide 10: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session First Quarter Results 2020
Slide 11: Broadcasting & Programming
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 8: 1Q19 Exhibit 9: 1Q20 AR$ MM AR$ MM 2,431 (6%) 2,285 1,543 17% 1,807 First Quarter Results 2020 545 (5%) 14.1 518 342 (1.7) 40 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses
Slide 12: Broadcasting & Programming II
Broadcasting & Programming II Key Ratios Exhibit 10: Key Ratios -7% +1% 34.2 31.8 35.7 36.1 1Q19 1Q20 1Q19 1Q20 Prime Time1 (%) Advertising Share2 (%) -6% 32.2 30.1 First Quarter Results 2020 1Q19 1Q20 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is defi
Slide 13: Printing & Publishing
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 11: 1Q19 Exhibit 12: 1Q20 AR$ MM AR$ MM 3,144 (18%) 2,586 1,762 (13%) 1,529 (13%) First Quarter Results 2020 1,315 1,145 (3.4) 2.1 89 68 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expens
Slide 14: Printing & Publishing II
Printing & Publishing II Key Ratios Exhibit 13: Key Ratios +7% -8% 228 243 56.2 51.5 1Q19 1Q20 1Q19 1Q20 Circulation1 (‘000s) Advertising Share2 (%) +7% 39.3 42.0 First Quarter Results 2020 1Q19 1Q20 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Clarín and Ol
Slide 15: Others
Others Revenues & Costs EBTIDA Margin (%) Exhibit 14: 1Q19 Exhibit 15: 1Q20 AR$ MM AR$ MM (44%) 554 994 (51%) 378 773 First Quarter Results 2020 (35%) 177 273 (5.2) (0.3) 52 2 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses 15 Expenses Source: Com
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session First Quarter Results 2020
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 (42%) • Local (58%) 79,7% Total 106.776 MM Controlling Shareholders2 First Quarter Results 2020 1 G
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session First Quarter Results 2020
Slide 19: Q & A Session
Q & A Session June 10th, 2020
Slide 20: First Quarter Results 2020 June 10th, 2020
First Quarter Results 2020 June 10th, 2020