Vocento, S.a. · BME:VOC

Vocento — Q3 2006 Earnings Presentation

13 slides from Vocento's earnings presentation, Nov 16, 2006

  1. Slide 1: 2006 Third Quarter Results (January – September)

    2006 Third Quarter Results (January – September) 16th November 2006

  2. Slide 2: Key Performance Highlights

    Key Performance Highlights f Revenues of €626.5 million, up +9.4% relative to 9M 2005 f Evolving business mix, progressively moving towards Audiovisual and Internet (combined revenue contribution of 16.0% of total revenues versus 10.2% in 9M 2005) f EBITDA of €62.6 million showing good regional medi

  3. Slide 3: Consolidated P&L 9M 2005-9M 2006

    Consolidated P&L 9M 2005-9M 2006 (€ million) IFRS % Var 9M 9M 9M06 2005 2006 /9M05 f Revenue growth of over Circulation Revenues 202.1 201.2 (0.5%) +9% for 9M 2006 primarily Advertising Revenues 252.0 275.1 9.2% driven by: Other Revenues 118.3 150.2 27.0% ƒ Strong advertising growth Operating Revenu

  4. Slide 4: Consolidated Balance Sheet

    Consolidated Balance Sheet (€ million) IFRS IFRS Dec 05 Sept 06 Dec 05 Sept 06 Non Current Assets 471.6 657.6 Net Equity 607.5 459.7 Intangible assets 70.7 251.4 Total Liabilities 349.1 475.9 Tangible assets 197.3 216.2 Financial debt 59.8 101.2 Financial assets 138.0 101.9 Other 289.4 374.7 Other a

  5. Slide 5: Key Consolidated Financials

    Key Consolidated Financials Revenues EBITDA (€ million) (€ million) +9.4% (7.2%) 626.5 572.4 161.8 62.6 139.4 67.5 9.3 31.0 6.9 17.7 2.6 3.6 69.1 40.9 86.3 88.7 435.7 452.8 (7.8) (61.3) (88.1) (21.4) (20.5) (17.5) 9M 2005 9M 2006 9M 2005 9M 2006 Print Media Audiovisual Internet Print Media Audiovisu

  6. Slide 6: Print Media

    Print Media Revenues Highlights (€ million) 435.7 +3.9% 452.8 54.0 57.1 f Revenue increase of +3.9% to €452.8m for 9M 149.2 136.2 2006 and EBITDA increase of +2.7% to €88.7m 250.9 281.2 f Growth driven by regional newspapers (+12.1%): (18.4) (21.7) 9M 2005 9M 2006 ƒ Growth in advertising revenues Re

  7. Slide 7: ABC: Plan Scope

    ABC: Plan Scope Re-launch Plan (since Autumn 2006) f Increase product quality through new formats and the incorporation of new sections and content f Simultaneous image campaign for re-launch f Free special promotion to raise brand awareness and circulation Optimisation Programme (Sept. 2006-2009) f

  8. Slide 8: ABC: Plan Financial Effect

    ABC: Plan Financial Effect Basic Assumptions f Circulation stability (in actual figures) 2007-2009 f Advertising revenue stability (in actual figures) 2007-2009 f Other Revenues stability (in actual figures) 2007-2009 Plan Financial Effect at the end of the Plan Million euros Structural re-organizat

  9. Slide 9: Audiovisual

    Audiovisual Revenues Highlights (€ million) +68.8% 69.1 f Revenue increase of +68.8% to €69.1m for 9M 2006 (€40.9 for 9M 2005) 40.9 49.5 f Growth driven by: 20.1 13.6 12.9 ƒ Increase in advertising for Local TV 10.0 0.2 7.8 (14.3% local TV market share and 0.51% (0.6) (3.5) National TV market) 9M 20

  10. Slide 10: Internet

    Internet Revenues Highlights (€ million) +75.0% 31.0 17.7 19.8 f Revenue increase of +75.0% to €31.0m for 12.5 9M 2006 driven by: 4.5 1.4 1.7 4.4 5.8 ƒ Strong performance and increasing (0.5) (0.8) contribution from Digital Editions (+30.9% 9M 2005 9M 2006 revenue increase) Digital Editions Vertical

  11. Slide 11: Other Businesses

    Other Businesses Revenues Highlights (€ million) 16.1% 161.8 139.4 9.9 7.6 116.1 133.9 16.6 18.7 f Revenue increase of +16.1% to €161.8m for (0.8) (0.9) 9M 2006 (incorporation of distribution 9M 2005 9M 2006 company in consolidated statements: Printing Distribution Other Eliminations Distrirutas) EB

  12. Slide 12: Disclaimer

    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 growth

  13. Slide 13: CS does not provide any tax advice. Any tax statement herein regarding any US

    CS does not provide any tax advice. Any tax statement herein regarding any US federal tax is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding any penalties. Any such statement herein was written to support the marketing or promotion of the transacti

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