Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q1 2018 Earnings Presentation
15 slides from Corus Entertainment Inc. Class B's earnings presentation, Jan 10, 2018
Slide 1: Fiscal 2018 First Quarter Earnings Conference Call
Fiscal 2018 First Quarter Earnings Conference Call Wednesday, January 10, 2018 | 9 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: Television
Q1 Fiscal 2018 Television • Overall fall viewing share increased by 4% compared to the prior year1 • Global delivered 7 of the top 20 shows this fall2 New to Global Returning Fan Favourites 1. N umeris TV Meter, Consolidated, Total Canada, BY Weeks 1-18 2017/2018 vs. 2016/2017, Mon-Sun 2a – 2a, conf
Slide 4: Television: specialty channel ratings
Q1 Fiscal 2018 Television top top top 4of 5 5 of 5 5 of 5 1 2 3 Specialty Channels Specialty Channels Specialty Channels Among Women Among Kids W Network was the top specialty network this Fall, including sports4 1. Numeris PPM Data. Fall 2016 (Aug 29/16-Jan 1/17) vs. Fall 2017 (Aug 28/17 –Dec 31/17
Slide 5: Investment in Content Rights
Investment in Content Rights • Broadened investment in rights for some of our most popular content ensures all episodes can be accessible on-demand, all season long • Introduced a new premium video-on-demand (VOD) product into the market, now available on eight of our most popular channels Fiscal 20
Slide 6: Investment in Owned Content
Investment in Owned Content Fiscal 2018 First Quarter Earnings Conference Call | 6
Slide 7: News and Radio
Q1 Fiscal 2018 News and Radio • Delivering new revenue opportunities in local markets • Launch of Global News brand across Corus AM news-talk radio network • Solid Radio ratings improvement continues •O ngoing History of New Music with Alan Cross is the #1 music podcast in Canada1 with over 800,000
Slide 8: Consolidated Results
Q1 Fiscal 2018 Consolidated Results • Free cash flow of $83 million, up from $34 million last year • Consolidated revenue of $457 million, down from $468 million in the prior year • Consolidated segment profit of $178 million, down from $192 million in the prior year • Consolidated segment profit ma
Slide 9: AD Tech Investments
AD Tech Investments Audience Targeting and Automation and Data Dynamic Ad Insertion Artificial Intelligence Innovation roadmap informed by global best practices Fiscal 2018 First Quarter Earnings Conference Call | 9
Slide 10: Segmented Financial Results: Television
Q1 Fiscal 2018 Segmented Financial Results Television • Segment revenues were down 2% • Advertising revenues decreased 4% • Subscriber revenues were flat • Merchandising, distribution and other revenues increased 7% • Segment profit decreased 9% • Segment profit margin of 41% Fiscal 2018 First Quart
Slide 11: Segmented Financial Results: Radio
Q1 Fiscal 2018 Segmented Financial Results Radio • Segment revenues were relatively flat • Segment profit increased 2% • Segment profit margin of 32% Fiscal 2018 First Quarter Earnings Conference Call | 11
Slide 12: Fiscal 2018 Financial Priorities
Fiscal 2018 Financial Priorities • Delever towards 3.0 times net debt to segment profit • Invest in targeted areas to advance strategic priorities • Maintain focus on delivering strong free cash flow • Maintain dividend of $1.14 per Class B Share Fiscal 2018 First Quarter Earnings Conference Call |
Slide 13: Fiscal 2018 Progress on Financial Priorities
Fiscal 2018 Progress on Financial Priorities • Announced agreement to sell non-core assets Historia and Séries+ to Bell Media • Improved financial flexibility - Amended and extended existing credit facility - T erminated existing interest rate swaps and entered into new interest rate swaps, resultin
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Slide 15: Fiscal 2018 First Quarter Earnings Conference Call
Fiscal 2018 First Quarter Earnings Conference Call Wednesday, January 10, 2018 | 9 a.m. ET Q&A