Slide 1: 2008 Results
2008 Results 27 February 2009
Slide 2: Unbeatable Position for Capturing Growth
Unbeatable Position for Capturing Growth … and business Capacity for strategic Financial strength strength execution Leading and – ABC Outstanding reference brands in Internet financial position – Punto Radio their markets – Qué! Flexible business structure (OPEX + Opinion leadership = – Rationalisa
Slide 3: Sound Financial Position and Balance Sheet
Sound Financial Position and Balance Sheet The differentiating financial position enables VOC to develop its strategy Financial position: – Available cash >85,000 thousand euros – Low risk debt profile based on its nature and maturity: i) with banks related to leasing debt for printing plants, the c
Slide 4: EBITDA Performance in 2008
EBITDA Performance in 2008 EBITDA reflects the impact of the financial crisis on advertising, and the strategy of balancing investment and cost reduction EBITDA, adjusted for non-recurring costs, €29.3m (reported EBITDA €-14.7m) Flat operating expenses, despite the rise in activity (ex non-recurring
Slide 5: Results 2008
Results 2008 4
Slide 6: Highlights
Highlights Very positive contribution from Content and Internet and 5th consecutive consecutive quarter of rising ABC circulation: Revenues €855.0m (-6.9%) – Circulation revenues +0.8%: growth at ABC (+14.3%) and stability at Regional Press – Advertising -16.7%: impact of the financial crisis. Inter
Slide 7: Highlights by Business Area
Highlights by Business Area Leadership in Print Media: the adverse advertising environment is being offset by the good performance of circulation revenues and strict cost controls – ABC increases circulation for fifth consecutive quarter (2008 +10.3% vs. market -1.7%1) – Regional press maintains its
Slide 8: Consolidated Profit and Loss Account 2008
Consolidated Profit and Loss Account 2008 Revenues -6.9% to €855.0m: – Circulation revenues (+0.8%): improved NIIF revenues at ABC (+14.3%), stability at 2008 2007 Var % Regional Press (+0.5%) and Supplements Circulation revenues 270.0 267.8 0.8% and Magazines (-0.3%) Advertising revenues 350.9 421.
Slide 9: Consolidated Balance Sheet December 2008
Consolidated Balance Sheet 31 December 2008 IFRS IFRS 2008 2007 9M08 2007 Non current assets 715.4 821.6 Equity of the parent co. 561.9 628.9 Intangible assets 241.6 349.2 Property, plant and equipment 215.0 237.7 Total liabilities 500.5 538.0 Investments equity method 19.1 111.9 Gross Debt 177.7 19
Slide 10: Print Media
Print Media Revenues Highlights (€ m) Press leadership: 5.4m readers (EGM 3rd survey 08). 665.0 (12.5) % ABC is the only national newspaper to grow in the 3 582.1 EGM2008 surveys, Qué! 2.3m readers (+15.3%) and 11.6 Suppl. and Magazines consolidating leadership, 6.7m 89.0 24.8 78.3 readers 185.6 Rev
Slide 11: Continuous Growth of ABC Circulation
Continuous Growth of ABC Circulation Development of ABC circulation 11.5% 9.1% Average Var % Circulation y/y (2.0%) 1Q08 249,662 4.4% 2Q08 263,552 14.1% 3Q08 238,993 16.5% 4Q08 254,358 7.2% 2008 251,642 10.3% (7.7%) 1H07 2H07 1H08 2H08 Source: OJD. 2007 and 1H08 data are certified. Others pending ce
Slide 12: Audiovisual
Audiovisual Revenues Highlights Revenues +21.5%, €133.4m: 133.4 .5% – Local and Regional TV: €14.2m 109.8 +21 – Onda 6: leader in Madrid in 08/09 season (40.4% local share in commercial target) 90.9 – National DTT: revenues improvement (€+12.8m) 76.8 after strategic agreement with Disney and start o
Slide 13: Internet
Internet Revenues Highlights Revenues +3.9%, to €58.9m: advertising growth 58.9 €+4.1m (+26.0%) based on B2C: 56.7 +3.9% – Digital Editions: revenues’ significant performance 27.4 €+3.4m (+27.9%), growth in advertising (+30.9%), 28.2 modernization of local portals, integration of 14.8 13.7 Que.es (1
Slide 14: Other Businesses
Other Businesses Revenues Highlights (1.9)% 222.9 218.6 15.4 13.9 Revenues €218.6m 179.2 174.0 – Distribution: decline of -2.9% because of links to Print Media area 29.7 32.0 Printing: good performance from area thanks to (1.4) (1.3) higher installed capacity 2007 2008 – Start of operations at Print
Slide 15: Legal Disclaimer
Legal Disclaimer This document contains statements that constitute forward looking statements in its general meaning and within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this document and include statements regarding future
Slide 16: Thank You
Thank You Investors and Shareholders Relations Department C/ Juan Ignacio Luca de Tena, 7 28027 Madrid Tel.: +34 91.743.81.04 Fax: +34 91.742.63.52 e-mail: ir@vocento.com 15