Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q1 2021 Earnings Presentation
15 slides from Grupo Clarin SA Class B's earnings presentation, May 20, 2021
Slide 1: First Quarter 2021 Results
First Quarter 2021 Results Investor Relations: http://www.grupoclarin.com/ir May 20th, 2021
Slide 2: Disclaimer
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”, “be
Slide 3: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 4: Macroeconomic Environment
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 56.2 78.4 51.8 54.1 52.2 50.5 68.2 44.0 62.7 55.0 39.9 40.6 36.4 38.0 38.0 38.0 38.0 38.0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 M
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 6: Income Statement
Income Statement 1Q21 & 1Q20 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted Ebitda % yoy, AR$ MM % yoy, AR$ MM +33% -6% 7,298 18.9 6,886 1,304 6,600 1,250 286 54 673 2,325 69 4,973 538 3,335 858 2,221 6,600 1,250 4,973 3,267 2,514 323 (2.5) 1Q 2021 Results - May 20th, 2021 -2 1Q20 1Q21 -39 -12
Slide 7: Income Statement
Income Statement 1Q21 & 1Q20 yoy figures EBTIDA Margin (%) Exhibit 4: 1Q20 Exhibit 5: 1Q21 AR$ MM AR$ MM 6,886 7,298 (5.6%) (28.8%) 3,682 5,170 1Q 2021 Results - May 20th, 2021 1,900 (17.9%) 18.9 2,313 (2.5) 1,304 186 (802.2%) Net Sales Cost of Sales Selling & EBITDA Net Sales Cost of Sales Selling
Slide 8: Income Statement: Key Financial Ratios and Debt Profile
Income Statement 1Q21 & 1Q20 yoy figures Exhibit 6: Key Financial Ratios AR$ MM USD 18.72 MM at 92 ARS/ USD March 2021 March 2020 YoY Total Gross Debt Outstanding* 1,722.3 3,047.7 (43.5%) Total Gross Debt Incl. Interests** 1,740.4 3,081.8 (43.5%) Total Net Debt (1,624.8) (211.2) 669.5% Net Debt/ Adj
Slide 9: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 10: Broadcasting & Programming
Broadcasting & Programming 1Q21 & 1Q20 yoy figures Exhibit 8: Key Ratios 46% AR$ MM Audience Share1 (%) Advertising Share2 (%) -1% -2% +3% 31.5 30.8 30.1 31.0 36.1 35.7 (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is defined as Monday through Sunday from 8pm to 12am. 1Q
Slide 11: Printing & Publishing
Printing & Publishing 1Q21 & 1Q20 yoy figures Exhibit 11: Key Ratios 45% AR$ MM -5% -8% 42.0 38.7 241.9 229.4 (1) Average number of copies according to IVC (including Diario Clarín and Olé), thousands per day, includes 1Q20 1Q21 1Q20 1Q21 an average of 88.5k and 93.4k digital subscribers in 1Q21 and
Slide 12: Others
Others 1Q21 & 1Q20 yoy figures Exhibit 14: GCGC third party revenues 9% % Over total GCGC Revenues Exhibit 15: 1Q20 Exhibit 16: 1Q21 1Q 2021 Results - May 20th, 2021 AR$ MM AR$ MM EBTIDA Margin (%) 790 703 (11.0%) 540 (13.5%) 467 (34.9%) (0.3) 164 10.2 252 72 2 Net Sales Cost of Sales Selling & Adm.
Slide 13: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 14: Ownership Structure & Corporate Governance
Ownership Structure & Corporate Governance Equity Participation at IPO1 Shareholder Structure3 % Number of Shares Controlling Shareholders2 85.4 MM Float Float 21.3 MM 20% • International (43%) Controlling • Local (57%) 1Q 2021 Results - May 20th, 2021 Shareholders 80% Total 106.776 MM 1 Grupo Clarí
Slide 15: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session