Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — Q1 2008 Earnings Presentation
24 slides from Alma Media Oyj's earnings presentation, Apr 30, 2008
Slide 1: Alma Media Q1 2008 Review
Alma Media Q1 2008 Review Kai Telanne, CEO Teemu Kangas-Kärki, CFO 30.4.2008
Slide 2: Highlights Q1 2008
Highlights Q1 2008 Net sales, MEUR EBIT, MEUR 90 84,0 85,5 84,0 81,9 25 77,5 80 20,6 70 20 60 16,0 14,4 50 15 13,4 11,6 40 10 30 20 5 10 0 0 Q107 Q207 Q307 Q407 Q108 Q107 Q207 Q307 Q407 Q108 Alma Media Q1/2008 2
Slide 3: Highlights Q1 2008
Highlights Q1 2008 • Advertising sales was good for larger regional papers, weaker for local newspapers and Iltalehti • Iltalehti suffered as the afternoon tabloid market weakened further • Kauppalehti: a strong quarter for both print and online • Marketplaces grew well, investments burdening EBIT a
Slide 4: Media markets in Finland Q1 2008
Media markets in Finland Q1 2008
Slide 5: Advertising sales growth Q1 2008
Advertising sales growth Q1 2008 Alma Media vs. market Market Alma Media Change, % Q1 2008 * Q1 2008 ** Newspapers -2.5 1.2 Magazines -0.9 - Television 6.0 - Radio 7.7 - Internet 30.4 38.2 TOTAL 1.8 5.8 Alma Media Q1/2008 5 * Source: TNS Media Intelligence ** Newspapers segment (excl. online service
Slide 6: Advertising by branch Q1 2008
Advertising by branch Q1 2008 Change from Q1 2007 Advertising in Q1 2008 MEUR Retail 15,4 % Retail 67 Motor v. 0,4 % Motor vehicles 33 Food & bev 5,5 % Food & beverages 25 Tele 4,7 % Telecommunications 11 Houses 9,4 % Houses and premises 17 Entert. -5,9 % Entertainment 10 Tourism 6,7 % Tourism and t
Slide 7: Newspaper advertising by branch Q1 2008
Newspaper advertising by branch Q1 2008 Change from Q1 2007 Advertising in Q1 2008 MEUR Retail 53 Retail 13,0 % -5,0 % Motor vehicles 20 Motor v. Food & beverages 2 Food & bev. 7,2 % Telecommunications 5 Telecomm. 7,6 % Houses and premises 14 Houses 4,7 % Entert. -18,4 % Entertainment 5 Tourism -2,9
Slide 8: Segment reviews Q1 2008
Segment reviews Q1 2008
Slide 9: Newspapers Q1 2008
Newspapers Q1 2008 • Net sales at the level of Q1 2007: 57.3 MEUR (57.5 MEUR) – Advertising sales +1 % • Clear regional and local variations Picture size • Iltalehti’s advertising sales was a disappointment 63 x 132mm 100dpi – Circulation sales flat • Price increases in regional papers • Iltalehti’s
Slide 10: Kauppalehti Q1 2008
Kauppalehti Q1 2008 • Kauppalehti Group net sales grew 4.5 % to 18.5 MEUR (17.7 MEUR) – Kauppalehti’s net sales growth was in good 8.6 % pace Picture size 63 x 132mm • Kauppalehti newspaper circulation sales up 5.2 % 100dpi • Advertising sales of Kauppalehti family up 10.9 % – Kauppalehti.fi adverti
Slide 11: Marketplaces Q1 2008
Marketplaces Q1 2008 • Net sales grew 23.1 % to 9.1 MEUR • Domestic growth 24.6 % – Monster.fi and Etuovi.com leading growth • Foreign operations up 16.5 % Picture size – Real estate market flat in Baltic countries, City 24 63 x 132mm net sales growth slowing down with it 100dpi • Operating profit d
Slide 12: Financial Review Q1 2008
Financial Review Q1 2008 Alma Media Q1/2008 12
Slide 13: Sales breakdown Q1 2008
Sales breakdown Q1 2008 Total Sales 84,0 MEUR Others Marketplaces 0,5% Printing sales Other sales 0,2% 10,7% 10,8% Kauppalehti group 22,0% Advertising Sales by Sales by sales segment type 50,1% Circulation sales 38,8% Newspapers 66,8% Alma Media Q1/2008 13
Slide 14: Key figures Q1 2008, MEUR
Extraordinary items Key figures Q1 2008, MEUR Net sales EBIT 100 25 +2.6% 80 20 60 15 40 10 20 5 0 0 Q107 Q207 Q307 Q407 Q108 Q107 Q207 Q307 Q407 Q108 Excl. Online Online sales
Slide 15: Net sales change by type, MEUR
Net sales change by type, MEUR Circulation Advertising 6,0 6,0 5,0 5,0 4,0 4,0 3,0 3,0 +5,8% 2,0 2,0 1,0 1,0 +0,8% 0,0 0,0 Q107 Q207 Q307 Q407 Q108 Q107 Q207 Q307 Q407 Q108 Alma Media Q1/2008 15
Slide 16: Net Sales Q1 2008 by business area, MEUR
Net Sales Q1 2008 by business area, MEUR 70 60 57,5 57,3 50 40 30 17,7 18,5 20 7,4 9,1 10 0 Newspapers Kauppalehti group Marketplaces NS Chg % -0,3 4,5 23,1 Circ Chg % 0,0 4,3 - Advert Chg% 1,0 8,1 26,0 Net sales Q1 2007 Net sales Q1 2008 Alma Media Q1/2008 16
Slide 17: EBIT by segment, MEUR
EBIT by segment, MEUR Newspapers Kauppalehti Group 14 3,0 12 2,5 -19,0% 10 +33,9% 2,0 8 1,5 6 1,0 4 2 0,5 0 0,0 Q406 Q107 Q207 Q307 Q407 Q108 Q107 Q207 Q307 Q407 Q108 Alma Media Q1/2008 17
Slide 18: EBIT by segment, MEUR
EBIT by segment, MEUR Marketplaces Others 2,0 10 1,6 8 -31,2% 6 1,2 4 0,8 2 0,4 0 0,0 -2 Q107 Q207 Q307 Q407 Q108 Q107 Q207 Q307 Q407 Q108 Alma Media Q1/2008 18
Slide 19: Key ratios in Q1 2008
Key ratios in Q1 2008 Equity ratio, % Gearing, % ROE % ROI % 58,4 80 50 60 60 42,6 53,8 69,8 70 40 50 50 46,5 43,2 60 30 40 40 50 20 39,5 40 30 30 10 30 20 20 0 20 -10 10 10 10 -15,2 0 -20 0 0 Q4/07 Q1/08 Q4/07 Q1/08 Q1/07 Q1/08 Q1/07 Q1/08 Alma Media Q1/2008 19
Slide 20: Cash flow and investments, MEUR
Cash flow and investments, MEUR 35 4 30 27,9 3 26,8 2 25 1 20 0 15 -1 -1,1 10 -2 5 -3 -3,0 0 -4 Q1 2007 Q1 2008 Q1 2007 Q1 2008 from operating activities gross investments before financing activities proceeds from sales of assets Alma Media Q1/2008 20
Slide 21: EPS and shareholders' equity per share (EUR)
EPS and shareholders’ equity per share (EUR) 0,20 2,0 0,16 0,02 1,6 0,12 1,2 0,94 0,08 0,8 0,15 0,16 0,13 0,04 0,4 0,64 0,64 0,00 0,0 Q1 2007 Q1 2008 Dec 2007 Mar 2008 EPS One time items Retained earnings Restricted equity Alma Media Q1/2008 21
Slide 22: Outlook for 2008
Outlook for 2008
Slide 23: Outlook for 2008
Outlook for 2008 • Alma Media expects its net sales to increase from the previous year. The media market is expected to grow in 2008, but uncertainty will increase. • Developments in the media advertising and daily tabloid markets will be the major factors for the company’s result. • The comparable
Slide 24: Thank you!
Thank you! The photographs in this presentation were taken by Alma Media’s news photographers, originally published in the company’s newspapers.