Slide 1: Financial result of Q4 and FY 2010
Financial result of Q4 and FY 2010 Kai Telanne, President and CEO Tuomas Itkonen, CFO February 16, 2011 1
Slide 2: Highlights Q4 2010
Highlights Q4 2010 • Revenue of the last quarter M€ 83.0 (79.0). – Share of online business 16.2% (13.7%) in the last quarter. • Advertising revenue grew 8.3% to M€ 41.1. – Online advertising sales increased 27.1%, particularly strong development in Iltalehti.fi, Kauppalehti.fi, Etuovi.com and Monst
Slide 3: Highlights FY 2010
Highlights FY 2010 • Revenue amounted to M€ 311.4 (307.8), showing an increase of 1.1%. Revenue growth strengthened towards the end of the year. – Share of online business was 15.7% (13.1%). • Advertising sales improved clearly towards the end of the year. – In online media, the full-year growth was
Slide 4: Key figures Q4 2010, MEUR
Key figures Q4 2010, MEUR 4 16.2.2011
Slide 5: Key figures 2006 - 2010, MEUR
Key figures 2006 - 2010, MEUR 5 16.2.2011
Slide 6: Circulation and media sales 2006 - 2010
Circulation and media sales 2006 - 2010 6 16.2.2011
Slide 7: Markets Q4 and FY2010
Markets Q4 and FY2010 7 16022011
Slide 8: Advertising sales change Q4/2010
Advertising sales change Q4/2010 Alma Media vs. market Market* Alma Media** Change, % Q4/10 Q4/10 Newspapers total 6,3 4,7 *** Magazines -0,7 - Television 18,3 - Radio 8,8 - Internet 32,9 28,6 TOTAL 10,6 8,7 * Source: TNS Media Intelligence ** without discontinued operations *** Newspapers segment (
Slide 9: Advertising change by branch
Advertising change by branch Total market; change from previous year Q1 2010 vs 2009 Q2 2010 vs 2009 Q3 2010 vs 2009 Q4 2010 vs 2009 Retail -1,5 % Retail -1,3 % Retail 7,5 % Retail 4,3 % Motor v. -0,9 % Motor v. 3,2 % Motor v. 23,7 % Motor v. 21,8 % Food & bev. -7,4 % Food & bev. 7,2 % Food & bev. 1
Slide 10: Advertising change by branch
Advertising change by branch Newspapers total*; change from previous year Q1 2010 vs 2009 Q2 2010 vs 2009 Q3 2010 vs 2009 Q4 2010 vs 2009 Retail -2,4 % Retail -3,2 % Retail 3,1 % Retail -1,2 % Motor v. -0,2 % Motor v. 5,2 % Motor v. 23,9 % Motor v. 21,8 % Recru 3,2 % Recru 33,8 % Recru 49,1 % Recru
Slide 11: Advertising by branch Q1-Q4 2010
Advertising by branch Q1-Q4 2010 Total market; change from Q1-Q4 2009 Advertising in Q1-Q4 10 MEUR Retail 2,2 % Retail 258 Motor v. 13,3 % Motor vehicles 98 Food & bev. 3,6 % Food & beverages 87 Recru 31,8 % Recruiting 44 Houses 0,8 % Houses and premises 42 Entert -0,7 % Entertainment 42 Tele 14,3 %
Slide 12: Advertising by branch Q1-Q4 2010
Advertising by branch Q1-Q4 2010 Newspapers total*, change from Q1-Q4 2009 Advertising in Q1-Q4 10 MEUR Retail -1,1 % Retail 194 Motor v. 11,9 % Motor vehicles 55 Houses -7,9 % Houses and premises 28 Recru 30,4 % Recruiting 28 Entert -8,4 % Entertainment 18 Tourism -8,3 % Tourism and traffic 16 Tele
Slide 13: Advertising sales change Q1-Q4 2010
Advertising sales change Q1-Q4 2010 Alma Media vs. market Market* Alma Media** Change, % Q1-Q4 10 Q1-Q4 10 Newspapers total 3,1 1,7 *** Magazines -2,6 - Television 12,0 - Radio 7,0 - Internet 33,4 26,7 TOTAL 6,9 6,1 * Source: TNS Media Intelligence ** without discontinued operations *** Newspapers s
Slide 14: Segment reviews
Segment reviews 14 16022011
Slide 15: Newspapers Q4 2010
Newspapers Q4 2010 • Revenue increased 3.9% to M€ 58.1 (55.9). • Advertising revenue grew 5.6% and amounted to M€ 29.0 (27.4). – At Iltalehti, the growth in online advertising sales exceeded the decline of circulation sales, which improved Iltalehti’s profitability significantly. • Circulation reven
Slide 16: Newspapers FY2010
Newspapers FY2010 • Revenue increased 1.7% to M€ 219.3 (215.5). • Advertising sales grew 3.6% and amounted to M€ 104.9 (101.3). – Online advertising sales developed particularly strongly in Iltalehti.fi. • Circulation revenue grew slightly to M€ 110.3. • Operating profit excluding non-recurring item
Slide 17: Kauppalehti Group Q4 2010
Kauppalehti Group Q4 2010 • Revenue* increased 7.1% to M€ 16.1 (15.1; reported 15,8). – Advertising sales grew 7.5 % and online advertising sales 13.7%. – Content and service revenue* increased 11.8%. – Circulation revenue of the segment remained at the level of the comparison period, at M€ 4.0. • O
Slide 18: Kauppalehti Group FY2010
Kauppalehti Group FY2010 • Revenue* increased 3% to M€ 57.9 (56.2). – Advertising revenue grew 8.0%. – Content and service revenue increased 3.3%. – The circulation revenue of the segment decreased 2.4%. • Operating profit excluding non-recurring items amounted to M€ 8.2 (6.7), showing an increase o
Slide 19: Marketplaces Q4 2010
Marketplaces Q4 2010 • Revenue increased 28.5% and amounted to M€ 8.4 (6.5). • The growth in revenue was accelerated by the active demand of recruiting and home sales advertising. – The home sales advertising grew both in online and printed media. • Operating profit excluding non-recurring items amo
Slide 20: Marketplaces FY2010
Marketplaces FY2010 • Revenue grew 18.7% to M€ 32.1 (27.0). • The growth in revenue was accelerated by the active demand of recruiting and home sales advertising. • Operating profit excluding non-recurring items amounted to M€ 0.8 (-0.5). • The Helsinki Court of Appeal ruled in December that Alma Me
Slide 21: Other operations Q4 2010 and FY2010
Other operations Q4 2010 and FY2010 • The segment includes the printing and distribution unit and the parent company of Alma Media. – The segment provides services primarily to the other units of Alma Media Group. • Revenue for the fourth quarter M€ 20.4 (18.3) and for the full-year M€ 78.5 (72.7).
Slide 22: Financial development Q4 and FY2010
Financial development Q4 and FY2010 22 16022011
Slide 23: Key figures Q4 2010, MEUR
Key figures Q4 2010, MEUR 23 16.2.2011
Slide 24: Net sales by segment and type
Net sales by segment and type w/o onetime items NS BY BUSINESS AREA Q4 10 Chg Chg % 2010 Chg Chg % Newspapers 58,1 2,2 3,9 % 219,3 3,8 1,7 % Kauppalehti group 16,1 0,3 1,8 % 57,9 -4,9 -7,8 % Marketplaces 8,4 1,9 28,5 % 32,2 5,1 19,0 % Other operations 20,4 2,0 10,9 % 78,5 5,8 8,0 % Eliminations -19,
Slide 25: Net sales and EBIT
Net sales and EBIT w/o onetime items Net Sales, MEUR Q4 10 Chg Chg % 2010 Chg Chg % Newspapers 58,1 2,2 3,9 % 219,3 3,8 1,7 % Kauppalehti group 16,1 0,3 1,8 % 57,9 -4,9 -7,8 % Marketplaces 8,4 1,9 28,5 % 32,2 5,1 19,0 % Others 20,4 2,0 10,9 % 78,5 5,8 8,0 % Eliminations -19,9 -76,4 Alma Media total
Slide 26: Key ratios in 2010
Key ratios in 2010 IFRS Equity ratio, % Gearing, % ROE% ROI% 80 0 35 35 70 -5 30 31,6 30 31,1 30,8 66,9 67,1 28,3 60 25 25 -10 50 20 20 40 -15 -17,3 15 15 30 -20 10 10 20 -25 5 5 10 -28,2 0 -30 0 0 2009 2010 2009 2010 2009 2010 2009 2010 26 16.2.2011
Slide 27: EPS and shareholders' equity per share
EPS and shareholders' equity per share 0,50 1,6 1,4 0,40 1,2 0,30 0,84 1,0 0,63 0,45 0,20 0,41 0,8 0,6 0,10 0,4 0,64 0,66 0,00 -0,03 0,2 -0,10 0,0 Q4 09 Q4 10 Q4 09 Q4 10 EPS wo onetime Retained earnings Onetime items Restricted equity 27 16.2.2011
Slide 28: Profit and loss Q4 and 2010
Profit and loss Q4 and 2010 w/o onetime items MEUR Q4 2010 Q4 2009 Chg Chg % 2010 2009 Chg Chg % Circulation sales 31,8 31,2 0,6 2,0 % 125,3 125,2 0,0 0,0 % Advertising sales 41,1 37,9 3,1 8,3 % 148,2 140,6 7,7 5,5 % Advertising sales, print 31,1 29,8 1,2 4,1 % 111,9 110,7 1,2 1,0 % Advertising sale
Slide 29: Balance Sheet
Balance Sheet IFRS MEUR Q4 2010 Q4 2009 Intangibles and goodwill 40,9 37,6 Tangibles 27,8 32,0 Associated companies 33,6 30,5 Inventory 1,0 1,5 Receivables 44,8 31,7 Cash 36,3 21,1 Assets 184,5 154,4 Equity 114,8 94,9 Reserves-obligatory 0,7 1,1 Pension liabilities 2,8 3,1 Ib debt 4,0 4,6 Non-Ib deb
Slide 30: Outlook
Outlook 30 16022011
Slide 31: Outlook
Outlook Feb 16, 2011 • Alma Media expects its full-year revenue and operating profit excluding non-recurring items to increase from the 2010 level. • In 2010, – revenue was M€ 311.4 – operating profit M€ 43.4 – operating profit excluding non-recurring items M€ 43.9. 31 16022011
Slide 32: Q&A
Q&A 32 16022011
Slide 33: Upcoming events
Upcoming events • Webcast and conference call today at 14.00 EET • Annual General Meeting on March 17, 2011 • Q1 Interim report on April 29, 2011 33 16022011