Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — FY2017 Earnings Presentation
20 slides from Grupo Clarin SA Class B's earnings presentation, Mar 12, 2018
Slide 1: Full Year and Fourth Quarter Results 2017
Full Year and Fourth Quarter Results 2017 March 12, 2018
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 FY and 4Q Results 2017 - March 12th, 2018
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 28,8 26,8 24,8 24,8 26,3 26,3 25,9 26,6 24,5 24,5 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 D
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results 2017 - March 12th, 2018
Slide 6: Income Statement: FY17 & FY16 yoy figures
Income Statement FY17 & FY16 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM 9.4 +24% 14,158 8.5 +37% 1,326 1,738 11,379 966 1,268 6,561 4,900 1,660 1,202 FY and 4Q Results 2017 - March 12th, 2018 5,776 6,669 -131 -128 -105 -205 -565 -810 FY
Slide 7: Income Statement: 4Q17 & 4Q16 yoy figures
Income Statement 4Q17 & 4Q16 yoy figures Exhibit 4: Net Sales Exhibit 5: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM +19% 4,117 7.4 12.3 +98% 507 510 3,461 409 256 1,877 1,615 495 425 FY and 4Q Results 2017 - March 12th, 2018 1,655 1,965 43 -31 -77 -92 -218 -235 4Q16 4Q17 4Q16 4Q1
Slide 8: Income Statement: 4Q17 & 4Q16 yoy figures
Income Statement 4Q17 & 4Q16, yoy figures EBTIDA Margin (%) Exhibit 7: 4Q16 Exhibit 8: 4Q17 AR$ MM AR$ MM 4,117 3,461 19% 2,357 2,103 12% FY and 4Q Results 2017 - March 12th, 2018 14% 1,253 1,102 7.4 12.3 98% 507 256 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sa
Slide 9: Financial Debt
Financial Debt Exhibit 9: Key Financial Ratios AR$ MM 54.3 MM at 18.65 ARS/ USD FY17 FY16 YoY 9M17 QoQ Total Gross Debt Outstanding* 1,012.8 442.4 128.9% 1,221.8 (17.1%) Total Gross Debt Incl. Interests** 1,023.1 445.9 129.4% 1,235.5 (17.2%) Total Net Debt (18.2) 101.4 (118.0%) 285.0 (106.4%) Net De
Slide 10: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results 2017 - March 12th, 2018
Slide 11: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 11: 4Q16 Exhibit 12: 4Q17 AR$ MM AR$ MM 1,615 16% 1,877 20% 864 1,037 6% 326 26.3 345 26.4 425 17% 495 FY and 4Q Results 2017 - March 12th, 2018 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sale
Slide 12: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 15: Key Ratios +5% +9% 38.9 40.8 42.8 39.4 4Q16 4Q17 4Q16 4Q17 Prime Time1 (%) Advertising Share2 (%) FY and 4Q Results 2017 - March 12th, 2018 +5% 33.6 35.2 4Q16 4Q17 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Pri
Slide 13: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 16: 4Q16 Exhibit 17: 4Q17 AR$ MM AR$ MM 1,655 19% 1,965 1,021 4% 1,065 18% 726 857 2.2 (5.5) 92 43 FY and 4Q Results 2017 - March 12th, 2018 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Ex
Slide 14: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 20: Key Ratios +1% +4% 230 233 51.2 53.1 4Q16 4Q17 4Q16 4Q17 Circulation1 (‘000s) Advertising Share2 (%) FY and 4Q Results 2017 - March 12th, 2018 -4% 41.6 39.7 4Q16 4Q17 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diari
Slide 15: Digital Content & Others: Revenues & Costs
Digital Content & Others Revenues & Costs EBTIDA Margin (%) Exhibit 21: 4Q16 Exhibit 22: 4Q17 AR$ MM AR$ MM 25% 510 409 24% 339 274 (5%) 212 (18.8) 203 (6.0) 77 31 FY and 4Q Results 2017 - March 12th, 2018 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Ex
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results 2017 - March 12th, 2018
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 (45%) • Local (55%) 79,7% Total 106.776 MM FY and 4Q Results 2017 - March 12th, 2018 Controlling Sh
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results 2017 - March 12th, 2018
Slide 19: Q & A Session
Q & A Session March 12, 2018
Slide 20: Full Year and Fourth Quarter Results 2017
Full Year and Fourth Quarter Results 2017 March 12, 2018