Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — FY2020 Earnings Presentation
22 slides from Grupo Clarin SA Class B's earnings presentation, Mar 19, 2021
Slide 1: Full Year and Fourth Quarter Results 2020
Full Year and Fourth Quarter Results 2020 March 19th, 2021
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 2020 and 4Q 2020 Results - March 19th, 2021
Slide 4: Macroeconomic Environment: Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 56.2 54.1 78.4 51.8 52.2 50.5 68.2 44.0 62.7 39.9 55.0 36.4 38.0 38.0 38.0 38.0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 2020 and 4Q 2020
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2020 and 4Q 2020 Results - March 19th, 2021
Slide 6: Income Statement: 2020 & 2019 yoy figures
Income Statement 2020 & 2019 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM 34,620 -23% 12.2 +44% 3,246 +9% 13,738 26,640 +122% 2,780 465 22,819 3,820 6.5 20,881 2,018 2,249 2,208 11,245 1,254 995 9,499 2,388 22,819 2,780 20,881 1,647 10,27
Slide 7: Income Statement: 2020 & 2019 yoy figures
Income Statement 2020 & 2019, yoy figures EBTIDA Margin (%) Exhibit 4: FY19 Exhibit 5: FY20 AR$ MM AR$ MM 26,640 34,620 (23.1%) (28.5%) 15,561 21,775 Full Year and Fourth Quarter Results 2019 (26.1%) 7,833 10,596 12.2 6.5 3,246 2,249 (44.3%) Net Sales Cost of Selling & EBITDA Net Sales Cost of Selli
Slide 8: Income Statement: 4Q20 & 4Q19 yoy figures
Income Statement 4Q20 & 4Q19 yoy figures Exhibit 6: Net Sales Exhibit 7: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM -5% 8,273 +25% 7,854 7,403 451 546 2,369 26.7 5,904 528 1,534 1,726 3,999 193 2,794 7,403 1,314 5,904 1,534 2,841 3,168 (0.3) 337 311 14 -258 -310 -91 -38 -176 Full
Slide 9: Income Statement: 4Q20 & 4Q19 yoy figures
Income Statement 4Q20 & 4Q19 , yoy figures EBTIDA Margin (%) Exhibit 9: 4Q19 Exhibit 10: 4Q20 AR$ MM AR$ MM (5.1%) 7,854 8,273 (27.7%) 3,991 5,522 2020 and 4Q 2020 Results - March 19th, 2021 2,136 (23.0%) 22.0 2,775 1,727 (0.3) 24 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA
Slide 10: Financial Debt
Financial Debt Exhibit 11: Key Financial Ratios AR$ MM USD 19.96 MM at 84.15 ARS/ USD 2020 2019 YoY Total Gross Debt Outstanding* 1,679.7 2,502.2 (32.9%) Total Gross Debt Incl. Interests** 1,695.9 2,527.8 (32.9%) Total Net Debt (1,074.2) (464.2) 131.4% Net Debt/ Adjusted EBITDA1 -,33x -,21x 60.4% %
Slide 11: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2020 and 4Q 2020 Results - March 19th, 2021
Slide 12: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 13: 4Q19 Exhibit 14: 4Q20 AR$ MM AR$ MM 3,953 8.7% 4,298 (26.3%) 1,964 2,665 2020 and 4Q 2020 Results - March 19th, 2021 855 34.4 0.4% 852 11.0 1,479 436 238.9% Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA
Slide 13: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 15: Key Ratios -25% -10% 42.2 39.7 35.9 31.8 4Q19 4Q20 4Q19 4Q20 2020 and 4Q 2020 Results - March 19th, 2021 Prime Time1 (%) Advertising Share2 (%) -6% 33.8 31.8 4Q19 4Q20 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA.
Slide 14: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 16: 4Q19 Exhibit 17: 4Q20 AR$ MM AR$ MM 3,957 (16.3%) 3,310 1,641 2,393 (31.4%) 2020 and 4Q 2020 Results - March 19th, 2021 (24.4%) 1,314 1,737 10.7 (4.4) (305.2%) 355 173 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling &
Slide 15: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 18: Key Ratios +9% -2% 250 41.9 41.1 230 2020 and 4Q 2020 Results - March 19th, 2021 4Q19 4Q20 4Q19 4Q20 Circulation1 (‘000s) Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Clarín and Olé), thousands per day, include
Slide 16: Printing & Publishing III: BIMO digital e-wallet
Printing & Publishing III BIMO – a new digital e-wallet with the most valuable benefit program Launched under the joint-venture of AGEA and Prisma An e- wallet that combines the best potential of both companies: ✓ The capillarity of Clarín, especially through its 365 benefit program. 2020 and 4Q 202
Slide 17: Others: Revenues & Costs
Others Revenues & Costs EBTIDA Margin (%) Exhibit 19: 4Q19 Exhibit 20: 4Q20 AR$ MM AR$ MM (20.3%) 562 705 560 (14.9%) 477 2020 and 4Q 2020 Results - March 19th, 2021 431 (55.4%) 287 193 (40.7) 107 (62.6%) 19.1 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2020 and 4Q 2020 Results - March 19th, 2021
Slide 19: 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 (42%) • Local (58%) 79,7% Total 106.776 MM 2020 and 4Q 2020 Results - March 19th, 2021 Controlling
Slide 20: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 2020 and 4Q 2020 Results - March 19th, 2021
Slide 21: Q & A Session
Q & A Session March 19th, 2021
Slide 22: Full Year and Fourth Quarter Results 2020
Full Year and Fourth Quarter Results 2020 March 19th, 2021