Usa Today Co., Inc. · NYSE:TDAY
Usa Today — Gannett — Investor Presentation (January 2022)
9 slides from Usa Today's investor presentation, Jan 6, 2022
Slide 1: The Path Forward
The Path Forward January 6, 2022 1
Slide 2: Disclaimer and Notes
Disclaimer and Notes In General. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the “Presentation.” Gannett Co., Inc. is referred to in this Pres
Slide 3: Gannett operates a scalable, data-driven digital media platform
Gannett operates a scalable, data-driven digital media platform that is fully aligned with consumer and digital marketing trends. We are a subscription-led and digitally focused media and marketing solutions company that is committed to empowering communities to thrive. Our strategy is focused on dr
Slide 4: Gannett At-a-Glance
Gannett At-a-Glance Key Highlights(1) 1.5M+ $1.0B $467M ~50% Digitally focused content company LTM Digital Expected Free Cash Quarter End LTM Adjusted (2) Digital-Only Revenue (31% of EBITDA Flow Conversion in ▪ Strong local and national brands create significant scale for marketing B2C and B2B Subs
Slide 5: Our Operating Matrix
Our Operating Matrix Strong Focus On Sustainable Value Creation 5
Slide 6: Balance Sheet and Liquidity
Balance Sheet and Liquidity Commitment to Deleveraging (1) Cash Outflows Unlocking Free Cash Flow $462M • Significantly improving Free Cash Flow conversion in 2021 and expected into 2022 due to reduction in interest expense via refinancing and a decrease $393M $386M in pension obligations • Since th
Slide 7: Appendix
Appendix 7
Slide 8: Company History
Company History New Media’s acquisition of Gannett in November 2019 created the largest local-to-national media network in the U.S. ✓ Refinanced remaining $1.0 Gannett separates from billion of debt in Q1 and again its broadcasting and in Q3 to Term Loan B due digital businesses (now 2026 and Senior
Slide 9: Gannett Non-GAAP Reconciliation
Gannett Non-GAAP Reconciliation(1) Adjusted EBITDA and Cash Outflows Q3 2021 LTM Total Company (in thousands) LTM Ended 9/30/21 (in thousands) LTM Ended 9/30/21 Net loss attributable to Gannett (234,688) Cash Tax (8,340) Provision (benefit) for income taxes 316 Cash Interest 121,885 Interest expense