Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q3 2024 Earnings Presentation
13 slides from Corus Entertainment Inc. Class B's earnings presentation, Jul 15, 2024
Slide 1: Fiscal 2024 Third Quarter Earnings Conference Call
Fiscal 2024 Third Quarter Earnings Conference Call Monday, July 15, 2024 | 8 a.m. ET
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking information and should be read subject to the following cautionary language: To the extent any statements made in this presentation contain information that is not historical, these statements are forward-looking statements and may be f
Slide 3: Co-CEO Areas of Focus
Co-CEO Areas of Focus John Gossling Troy Reeb Co-Chief Executive Officer Co-Chief Executive Officer and Chief Financial Officer Right-size the business and create a more sustainable future by executing strategies to: • Address the changing landscape • Enable the pursuit of meaningful revenue opportu
Slide 4: Rebranding of Home and Culinary Networks
Rebranding of Home and Culinary Networks New home and culinary brands to launch with broad distribution, strong content line-up with big Canadian stars and tentpole international series • Broadcast licenses for the networks are held by Corus • Canadian originals comprise 12 of the top 20 shows on HG
Slide 5: Focus on Near-Term Opportunities
Focus on Near-Term Opportunities • Expand relationships with studio partners • Focus on brands with the greatest opportunities for sustainable audiences • Pursue growth initiatives in premium digital video Powerful Streaming Portfolio Fiscal 2024 Third Quarter Earnings Conference Call | 5
Slide 6: Strong Fall Schedule
Strong Fall Schedule Specialty Networks From left: Gut Job, Deadman's Curse, Rock Solid Builds, Top Chef Canada Fiscal 2024 Third Quarter Earnings Conference Call | 6
Slide 7: Regulatory Developments
Regulatory Developments • Corus’ request for interim relief was granted by the Canadian Radio-television and Telecommunications Commission (CRTC) • CRTC announced its decision on initial contributions for online streaming services to support the Canadian broadcasting system - Estimated to provide up
Slide 8: Q3 Fiscal 2024 Consolidated Results
Q3 Fiscal 2024 Consolidated Results • Revenues reflect impact of lower advertising demand due to lingering impacts from the U.S. strikes, continued macroeconomic uncertainty and the competitive environment, and lower subscriber and content revenue • Segment profit reflects lower revenue, partially o
Slide 9: Q3 Fiscal 2024 Television Results
Q3 Fiscal 2024 Television Results •A dvertising revenue impacted by lower advertising demand •S ubscriber revenue reflects lower traditional TV system subscribers partially offset by moderate growth in streaming subscribers •D istribution, production and other revenue is lower mainly due to fewer ep
Slide 10: Q3 Fiscal 2024 Radio Results
Q3 Fiscal 2024 Radio Results •A dvertising revenue impacted by lower advertising demand •S egment profit reflects impact of lower advertising revenue partially offset by cost savings initiatives (in millions of dollars except percentages) Q3-2024 %Chg Segment revenue 24 (10) Segment profit1 3 n/m Se
Slide 11: Debt Maturity Profile
Debt Maturity Profile Debt Outstanding1 $1,999 Debt Outstanding $1,745 $1,999 Bank Debt Bonds $1,516 $1,745 $1,366 $1,256 Bank Debt Bonds $1,516 $1,087 $1,062 C$ Millions $1,366 $1,256 $1,087 $1,062 • $937 million reduction in C$ Millions total debt since F2018 2018 2019 2020 2021 2022 2023 F24YTD 2
Slide 12: Path Forward
Path Forward • Build on our success in digital and streaming • Optimize our core assets, including the rebranding of large specialty lifestyle channels HGTV and Food Network • Materially lower our costs to improve profitability and drive free cash flow available for debt reduction • Actively pursue
Slide 13: Fiscal 2024 Third Quarter Earnings Conference Call Q&A
Fiscal 2024 Third Quarter Earnings Conference Call Monday, July 15, 2024 | 8 a.m. ET Q&A