Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q1 2018 Earnings Presentation
19 slides from Grupo Clarin SA Class B's earnings presentation, May 11, 2018
Slide 1: First Quarter Results 2018
First Quarter Results 2018 May 11, 2018
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 1Q Results - May 11, 2018
Slide 4: Macroeconomic Environment: Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(*) % yoy % yoy 43,6 44,8 43,2 38,0 35,2 30,8 33,2 28,8 27,3 26,8 24,8 24,8 26,3 26,3 26,6 24,5 24,5 26,1 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 M
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q Results - May 11, 2018
Slide 6: Income Statement
Income Statement 1Q18 & 1Q17 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM +15% 3,073 (3.3) 3.4 2,676 510 104 403 25 214 1,166 114 1,067 -21 -35 1,603 -280 1,379 -173 -206 -87 1Q17 1Q18 1Q17 1Q18 1Q Results - May 11, 2018 Broadcasting & Pr
Slide 7: Income Statement
Income Statement 1Q18 & 1Q17, yoy figures EBTIDA Margin (%) Exhibit 4: 1Q17 Exhibit 5: 1Q18 AR$ MM AR$ MM 3,073 2,676 15% 9% 2,024 1,860 1Q Results - May 11, 2018 5% 945 903 (3.3) 3.4 87 104 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expenses
Slide 8: Financial Debt
Financial Debt Exhibit 6: Key Financial Ratios AR$ MM 56.6 MM at 20.15 ARS/ USD 3M18 3M17 YoY FY17 QoQ Total Gross Debt Outstanding* 1.139,6 694,2 64,2% 1.012,8 12,5% Total Gross Debt Incl. Interests** 1.157,9 697,8 65,9% 1.023,1 13,2% Total Net Debt (192,5) 289,4 NA (18,2) NA Net Debt/ Adjusted EBI
Slide 9: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q Results - May 11, 2018
Slide 10: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 8: 1Q17 Exhibit 9: 1Q18 AR$ MM AR$ MM 1,067 9% 1,166 22% 635 773 217 29% 20.1 280 1Q Results - May 11, 2018 9.8 214 (47%) 114 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Exp
Slide 11: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 10: Key Ratios +15% +7% 37.0 36.0 38.3 32.1 1Q17 1Q18 1Q17 1Q18 Prime Time1 (%) Advertising Share2 (%) +8% 32.9 30.4 1Q Results - May 11, 2018 1Q17 1Q18 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is defi
Slide 12: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 11: 1Q17 Exhibit 12: 1Q18 AR$ MM AR$ MM 1,379 16% 1,603 1,018 (4%) 981 3% (20.3) 1Q Results - May 11, 2018 641 658 (2.2) 280 35 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expens
Slide 13: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 13: Key Ratios +8% +12% 229 57.4 212 51.3 1Q17 1Q18 1Q17 1Q18 Circulation1 (‘000s) -2% Advertising Share2 (%) 40.1 39.3 1Q Results - May 11, 2018 1Q17 1Q18 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Clarín and Ol
Slide 14: Digital Content & Others: Revenues & Costs
Digital Content & Others Revenues & Costs EBTIDA Margin (%) Exhibit 14: 1Q17 Exhibit 15: 1Q18 AR$ MM AR$ MM 27% 510 403 252 40% 353 1Q Results - May 11, 2018 172 (24%) 131 4.9 (5.3) 21 25 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expenses 14
Slide 15: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q Results - May 11, 2018
Slide 16: 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 (46%) • Local (54%) 79,7% Total 106.776 MM Controlling Shareholders2 1Q Results - May 11, 2018 1 Gr
Slide 17: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q Results - May 11, 2018
Slide 18: Q & A Session
Q & A Session May 11, 2018
Slide 19: First Quarter Results
First Quarter Results 2018 May 11, 2018