Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Investor Presentation (November 2021)
22 slides from Corus Entertainment Inc. Class B's investor presentation, Nov 18, 2021
Slide 1: Investor Presentation
Investor Presentation November 18, 2021
Slide 2: Disclaimers
Disclaimers The information contained herein is subject to change without notice and is based on publicly available information, internally developed data and other sources. This Presentation should not be construed as legal, financial or tax advice. Neither Corus nor any of our representatives make
Slide 3: Corus Overview
Corus Overview Headquarters: Toronto, Ontario | TSX Ticker: CJR.B | Market Cap: ~$1.2 Bn >$250 million <2.5x • Founded in 1999, Corus is a diversified Canadian-based integrated media Average annual free cash flow Target net debt to since F20171 segment profit1 and content company that creates and de
Slide 4: Investment Highlights
Investment Highlights 1 Significant Diversity, Scope and Scale Across a Leading Portfolio of Television, Radio and Digital Assets with Considerable Strength in Local Markets 2 Deep Relationships with International Media Companies Enables Access to Great Content 3 Executing Multiple Growth Initiative
Slide 5: Media and Content Powerhouse
Media and Content Powerhouse 5
Slide 6: Deep Relationships with World-Class Partners
Deep Relationships with World-Class Partners 6
Slide 7: Strategic Priorities
Ongoing Strategic Discipline Strategic Priorities Create a diverse, equitable Secure great content to Create engaging content and Take a client- Embrace technology to and inclusive culture deploy across our portfolio brand experiences centric approach to support revenue growth of leading brands ever
Slide 8: Integration of ESG Principles Into Strategy
Integration of ESG Principles Into Strategy In May 2021, Corus Entertainment Inc. received a rating of A (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. THE USE BY CORUS ENTERTAINMENT INC. OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS
Slide 9: Financial Overview
Financial Overview Segment Revenue1 Sources of Revenue1 Segment Profit1,2,3 television advertising television radio radio 94 % 61 % 97% 6 % subscriber 3 % $1,543 $1,543 32 % $525 million million million merchandising, distribution and other 7% Balanced Capital Allocation Policy 1 Invest in the Futur
Slide 10: Canadian Market Opportunity
Canadian Market Opportunity Unique Market Structure advertising 1 Concentrated video distribution 2 Regulated production 3 Vertically Integrated 10
Slide 11: Alignment and Collaboration in Canadian Ecosystem
Alignment and Collaboration in Canadian Ecosystem Future Video Platforms Industry Measurement Advanced Advertising Alignment on next-generation Alignment on enhanced set-top Alignment on common industry video platforms for PayTV, X1 and box measurement and cross- segments, Dynamic Ad Insertion, Medi
Slide 12: Transforming the Way Television is Sold
Transforming the Way Television is Sold Help brands grow Automated buying platform dynamic advertising insertion (DAI) for video on demand Industry Leading Portfolio of Advanced Advertising Solutions 12
Slide 13: Connecting with Audiences on New Platforms
Connecting with Audiences on New Platforms Connect with More Content in More Places Strong Live TV Viewership audiences 600,000+ 675,000+ paying subscribers paying subscribers 8% 84% Web Connected TV 8% 40% 60% Mobile / Tablet % Total Minutes Streams by Live Streamed1 Video On Devices1 Demand 1. Dat
Slide 14: Global TV Delivers Premium Content Everywhere
Global TV Delivers Premium Content Everywhere Connect with audiences ● Global TV is gaining traction with robust demand for advertising inventory Evolution of Global TV App Authenticated AVOD product available on mobile apps, web and connected TV Includes Global TV plus up to eight specialty service
Slide 15: Emerging Growth Drivers
New Revenue Performance Metrics Connect with Help brands 1 New Platform Revenues 2 Optimized Advertising Revenues audiences grow Emerging Growth Drivers ● Reflects Corus’ participation in rapidly growing streaming ● Reflects progress on the transformation of how Television is distribution platforms
Slide 16: Corus Advantage Drives Content Creation
Corus Advantage Drives Content Creation Build a content powerhouse Content Creation ● Leveraging required Canadian content spending to grow international content sales Robust Production Slate ● Multi-season lifestyle, factual reality and children’s series are sold in the U.S. and around the world 16
Slide 17: Robust Demand for Original Content
Robust Demand for Original Content Build a content powerhouse 30+ series in production or development 24 series in production 17
Slide 18: Consolidated Results
Consolidated Results Operate with ● Corus has demonstrated a clear path to recovery since the onset of COVID-19, with discipline significant revenue improvements and solid segment profit margins Consolidated Revenue Consolidated Segment Profit1 15% 13% 41% 42% 2% 4% 4% 39% (0%) 0% (2%) 37% (5%) (16%
Slide 19: Free Cash Flow and Leverage
Free Cash Flow and Leverage Operate with • Increased financial flexibility resulting from strong free cash flow generation, low capital discipline expenditure intensity and continued de-leveraging efforts Free Cash Flow1,2 Net Debt to Segment Profit1,2 92% 85% 82% 80% 74% IFRS-16 56% Covid-19 53% 50
Slide 20: Strengthened Capital Structure
Strengthened Capital Structure Operate with discipline • Net debt to segment profit1 target of <2.5x • Diversified sources of financing in Q3F21 with an issue of C$500 million of 5.000% senior unsecured notes due May 11, 2028 • Net proceeds of notes issue used to repay a portion of the outstanding b
Slide 21: Leading Canadian Media and Content Company
Leading Canadian Media and Content Company Highly Differentiated Portfolio of Proven Track Record of Financial Assets Performance ● Leader in Canadian Broadcasting ● Proven record of driving efficiency and ● Powerful brands and content cash flow ● Valuable audience segments ● Ongoing cost structure
Slide 22: Q&A
Q&A
Corus Entertainment — Investor Presentation (November 2021) on 6ix