Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q3 2018 Earnings Presentation
20 slides from Corus Entertainment Inc. Class B's earnings presentation, Jun 27, 2018
Slide 1: Fiscal 2018 Third Quarter Earnings Conference Call
Fiscal 2018 Third Quarter Earnings Conference Call Wednesday, June 27, 2018 | 8 a.m. ET
Slide 2: Safe Harbour Disclosure Forward-looking Statements
Safe Harbour Disclosure Forward-looking Statements This presentation contains forward-looking information and should be read subject to the following cautionary language: To the extent any statements made in this presentation contains information that is not historical, these statements are forward-
Slide 3: Overview
Overview Canada’s Leading Pure Play Media and Content Company First Principles • Maximize audiences • Monetize audiences • Rationalize our operating model Robust plan in place to evolve Corus Fiscal 2018 Third Quarter Earnings Conference Call | 3
Slide 4: Q3 Fiscal 2018 Consolidated Results
Q3 Fiscal 2018 Consolidated Results • Consolidated revenues decreased 4% for the quarter • Consolidated segment profit1 decreased 3% for the quarter • Consolidated segment profit margin1 of 39% for the quarter • Net loss attributable to shareholders of $935.9 million ($4.49 loss per share basic) for
Slide 5: Q3 Fiscal 2018 Segmented Financial Results: Television
Q3 Fiscal 2018 Segmented Financial Results TELEVISION • Segment revenues decreased 5% in the quarter • Advertising revenues declined 5% in the quarter • Subscriber revenues down 1% in the quarter • Merchandising, distribution and other revenues decreased 19% in the quarter • Segment profit1 down 6%
Slide 6: Q3 Fiscal 2018 Segmented Financial Results: Radio
Q3 Fiscal 2018 Segmented Financial Results RADIO • Segment revenues decreased 2% in the quarter • Segment profit1 decreased 1% in the quarter • Segment profit margin1 of 30% in the quarter • Broadcast license impairment charge of $13.7 million in the quarter 1 Segment profit and segment profit margi
Slide 7: Revised Capital Allocation Policy
Revised Capital Allocation Policy Return Return Pay Pay Pay Cash Cash Return InvestInvest in Invest in in DownDown Debt Down to to Cash Debt Shareholders to DebtShareholders the Future the Future the Future Shareholders • Delever to under 3.0 times • Effective September 1, 2018 • Investments to adva
Slide 8: Build for the Future Strategic Priorities
Build for the Future • Delever Balance Sheet • Optimize Core Business • Diversify Revenue Base Strategic Priorities own and control engage our expand into new more content audiences and adjacent markets Fiscal 2018 Third Quarter Earnings Conference Call | 8
Slide 9: Optimize the Core
Optimize the Core 1. Portfolio optimization and content partnerships 2. Follow viewers on all platforms 3. Leverage the power of local 4. Own more content 5. Integrate technology throughout the business Fiscal 2018 Third Quarter Earnings Conference Call | 9
Slide 10: Portfolio Optimization and Content Partnerships
Portfolio Optimization and Content Partnerships Lifestyle Drama Kids RGB: 162 | 94 | 181 Portfolio supported by broad and comprehensive partnerships Fiscal 2018 Third Quarter Earnings Conference Call | 10
Slide 11: Follow Viewers on all Platforms
Follow Viewers on all Platforms Premium VOD* BDU* Partner Roadmap Video On-line BDU New Platform vMVPDs* premium VOD Dynamic Ad Insertion Cord-nevers Live Local Cord-cutters * Video On Demand Addressable Access to Data Digital natives * Broadcast Distribution Undertaking * Virtual Multichannel Video
Slide 12: Leverage the Power of Local
Leverage the Power of Local •R evenue, content and cost benefits realized in large local markets + + radio Fiscal 2018 Third Quarter Earnings Conference Call | 12
Slide 13: Own More Content
Own More Content Corus Advantage Drives Content Creation Fiscal 2018 Third Quarter Earnings Conference Call | 13
Slide 14: Revenue Diversification is On Track
Revenue Diversification is On Track Pipeline includes 25 original series that further “Own More Content” strategy STUDIOS STUDIOS BRINGING AUDIENCES HOME 14 series in production 11 series in production Fiscal 2018 Third Quarter Earnings Conference Call | 14
Slide 15: Integrate Technology Throughout the Business
Integrate Technology Throughout the Business Fiscal 2018 Third Quarter Earnings Conference Call | 15
Slide 16: Audience-Based Buying and Data Analytics
Audience-Based Buying and Data Analytics Fiscal 2018 Third Quarter Earnings Conference Call | 16
Slide 17: Launched Automated Buying Platform (beta)
Launched Automated Buying Platform (beta) • Supply-side platform • Scale-up of audience-based buying • Improves customer experience Fiscal 2018 Third Quarter Earnings Conference Call | 17
Slide 18: Exploring Opportunities on Digital and Social Platforms
Exploring Opportunities on Digital and Social Platforms SOCIAL DIGITAL AGENCY Fiscal 2018 Third Quarter Earnings Conference Call | 18
Slide 19: Fiscal 2019 Outlook
Fiscal 2019 Outlook Intense focus to: Delever Balance Sheet Reduce Costs Invest for the Future Revised Capital Allocation Policy and Optimize the Core plan are key to positioning Corus for the future Fiscal 2018 Third Quarter Earnings Conference Call | 19
Slide 20: Fiscal 2018 Third Quarter Earnings Conference Call Q&A
Fiscal 2018 Third Quarter Earnings Conference Call Wednesday, June 27, 2018 | 8 a.m. ET Q&A