Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q2 2018 Earnings Presentation
20 slides from Grupo Clarin SA Class B's earnings presentation, Aug 10, 2018
Slide 1: First Half and Second Quarter Results 2018
First Half and Second Quarter Results 2018 August 10, 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 2Q Results - August 10, 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 40,0 35,2 30,8 28,8 27,3 27,9 26,8 24,8 24,8 26,3 26,3 26,6 24,5 24,5 26,1 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 J
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2Q Results - August 10, 2018
Slide 6: Income Statement 1H18 & 1H17
Income Statement 1H18 & 1H17 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM 9.1 +13% 4.8 7,080 643 6,282 1,053 301 19 799 2,923 589 2,886 629 35 -58 2,958 3,493 -270 -361 -389 1H17 1H18 2Q Results - August 10, 2018 1H17 1H18 Broadcasting &
Slide 7: Income Statement 2Q18 & 2Q17
Income Statement 2Q18 & 2Q17 yoy figures Exhibit 4: Net Sales Exhibit 5: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM +11% 13.4 4,007 10.8 3,606 539 544 396 389 1,757 1,819 475 415 1,578 1,890 70 -37 11 -6 -188 -183 2Q17 2Q18 2Q Results - August 10, 2018 2Q17 2Q18 Broadcasting & Pr
Slide 8: Income Statement 2Q18 & 2Q17
Income Statement 2Q18 & 2Q17, yoy figures EBTIDA Margin (%) Exhibit 7: 2Q17 Exhibit 8: 2Q18 AR$ MM AR$ MM 4,007 3,606 11% 2,261 2,176 4% 1,207 2Q Results - August 10, 2018 1,042 16% 13.4 10.8 389 539 39% Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expe
Slide 9: Financial Debt
Financial Debt Exhibit 9: Key Financial Ratios AR$ MM 41.3 MM at 28.85 ARS/ USD 6M18 6M17 YoY 3M18 QoQ Total Gross Debt Outstanding* 1,192.5 1,063.6 12.1% 1,139.6 4.6% Total Gross Debt Incl. Interests** 1,206.4 1,071.9 12.5% 1,157.9 4.2% Total Net Debt 236.9 426.4 (44.4%) (192.5) NA Net Debt/ Adjust
Slide 10: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2Q Results - August 10, 2018
Slide 11: Broadcasting & Programming
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 11: 2Q17 Exhibit 12: 2Q18 AR$ MM AR$ MM 1,819 (3%) 1,757 1,102 (15%) 932 16% 22.8 350 27.0 303 415 15% 475 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expenses 2Q Results -
Slide 12: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 15: Key Ratios -6% -3% 37.2 34.9 38.9 37.8 2Q17 2Q18 2Q17 2Q18 Prime Time1 (%) Advertising Share2 (%) -8% 33.4 30.7 2Q Results - August 10, 2018 2Q17 2Q18 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is de
Slide 13: Printing & Publishing
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 16: 2Q17 Exhibit 17: 2Q18 AR$ MM AR$ MM 1,578 20% 1,890 875 18% 1,029 14% 692 791 3.7 0.7 11 70 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expenses 2Q Results - August 10, 2018
Slide 14: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 20: Key Ratios +6% +12% 231 55.7 217 49.9 2Q17 2Q18 2Q17 2Q18 Circulation1 (‘000s) -2% Advertising Share2 (%) 38.8 38.1 2Q Results - August 10, 2018 2Q17 2Q18 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Clarín and
Slide 15: Digital Content & Others
Digital Content & Others Revenues & Costs EBTIDA Margin (%) Exhibit 21: 2Q17 Exhibit 22: 2Q18 AR$ MM AR$ MM 37% 544 396 41% 265 373 5% 168 (9.3) (1.1) 176 37 6 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expenses 2Q Results - August 10, 2018 E
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2Q Results - August 10, 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 Controlling Shareholders2 2Q Results - August 10, 2018 1
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2Q Results - August 10, 2018
Slide 19: Q & A Session
Q & A Session August 10, 2018
Slide 20: First Half and Second Quarter Results
First Half and Second Quarter Results 2018 August 10, 2018