Atresmedia Corporacion De Medios De Comunicacion Sa · BME:A3M
Atresmedia Corporacion De Medios De Comunicacion Sa — Atresmedia — FY2024 Earnings Presentation
17 slides from Atresmedia Corporacion De Medios De Comunicacion Sa's earnings presentation, Feb 27, 2025
Slide 1: Atresmedia Financial Results FY24
ATRESMEDIA F I N A N C I A L R E S U L T S F Y 24 27.02.2025 We believe in the power of reflection and emotion 1
Slide 2: Financial Results FY24
F I N A N C I A L R E S U L T S F Y 24
Slide 3: Highlights FY24: 2024, an outstanding year
HIGHLIGHTS FY24 2024: AN OUTSTANDING YEAR AUDIENCE LEADERSHIP GROWTH IN ALL OUR DIVISIONS EXCELLENT CASH POSITION & BACKED BY A POSITIVE & DELIVERING SOLID MARGINS ATTRACTIVE SHAREHOLDER AD MARKET REMUNERATION 26.4% Total TV individuals TOTAL REVENUES NET CASH POSITION 1,018 M€(+4.8%) 140 M€ DIGITAL
Slide 4: Spanish Advertising Market
SPANISH ADVERTISING MARKET Total ad market V s M a r k e t F Y 2 3 s h a r e 50% 7.000 TV +2.1% 30.0% 5.939 6.187 40% 5.750 5.962 5.958 5.694 6.000 RADIO +7.4% 9.3% 5.456 30% 5.000 SEARCH +2.7% 15.8% 20% 4.879 12% SOCIAL 4.000 +8.5% 13.8% MEDIA 10% 4% 4% 4% 4% 2% 3.000 WEBSITES +17.7% 8.1% 0% 0% -10
Slide 5: TV: Audience Share by Groups
ATRESMEDIA TV: AUDIENCE SHARE BY GROUPS In % AUDIENCE SHARE AUDIENCE SHARE TOTAL DAY PRIME TIME Nº channels 28,4 28,2 27,2 26,8 27,2 26,4 28,2 27,5 6 27,0 27,3 25,9 26,3 26,2 25,6 7 26,4 24,9 26,3 24,5 24,6 24,2 5 17,0 15,4 15,3 15,8 14,5 14,7 15,6 15,1 15,2 14,4 2020 2021 2022 2023 2024 2020 2021 2
Slide 6: TV: Main Highlights
ATRESMEDIA TV: MAIN HIGHLIGHTS 2024: ATRESMEDIA: (26.4%) 3 YEARS IN A ROW PRIME TIME LEADER FOR 4 YEARS IN A ROW BEST IN LEADING SPANISH AUDIENCES ATRESMEDIA (6 CHANNELS): LARGEST GAP EVER VS CLASS MEDIASET (7 CHANNELS) ANTENA 3: (12.6%) LA SEXTA: (6.4%) NEOX, NOVA, MEGA & ATRESERIES: (7.5%) LEADING
Slide 7: Digital Businesses
ATRESMEDIA DIGITAL BUSINESSES AVOD/SVOD ATRESMEDIA SITES OTHERS # 9 TH INFLUENCER (& 1 st audiovisual MARKETING group) 3.0 Mill. 677 K MOST VISITED SITES AVERAGE 2024 RANKING MONTHLY VIDEO (+14% yoy) PLAYER USERS SUBSCRIBERS DIGITAL AGENCY 23.8 Mill. 16.9 Mill. 20 Mill. AVERAGE FY24 MONTHLY UNIQUE H
Slide 8: International
ATRESMEDIA INTERNATIONAL 54 MILLION HOUSEHOLDS Europe USA 1% 10% Latam 66% 12% México 23% 35% 22% FY24 FY24 31% Source: Internal data. 8
Slide 9: Cinema
ATRESMEDIA CINEMA 51% box office of Spanish cinema (13 movies) 2 Goya awards 2 Goya awards 1 Goya award Largest box office Best actor Best film ratings 9
Slide 10: Radio Listeners Evolution
ATRESMEDIA RADIO LISTENERS EVOLUTION Thousands of listeners/day BEST SINCE 2021 BEST SINCE 2015 MAS DE UNO con Carlos Alsina Best audience ever: >1.6 Mill. listeners/day Source: EGM Surveys Monday to Friday (,000) moving average 10 FUENTE: ESTIMACIÓN INTERNA ENERO-JUNIO 2022. NACIONAL. 10
Slide 11: Results FY
ATRESMEDIA RESULTS FY 24 In € mill. FY 23 FY 24 var NET REVENUES 971.4 1,017.9 +4.8% OPEX 798.3 840.3 +5.3% EBITDA 173.1 177.6 +2.6% Ebitda margin 17.8% 17.5% EBIT 155.3 160.2 +3.2% Ebit margin 16.0% 15.7% NET PROFIT 171.2* 120.3 -29.7% Net profit margin 17.6% 11.8% Net profit proforma 118.6 120.3 +
Slide 12: Revenue, Opex & EBITDA by Segment
REVENUE, OPEX & EBITDA BY SEGMENT In € mill REVENUE 971 +4.8% 1,018 903 +4.5% 944 EBITDA +2.6% 178 173 +1.0% 160 159 OPEX +5.3% 840 798 783 744 +5.3% 77 +7,1% 82 14 +20.7% 17 Best since 2016 63 +3.9% 65 FY 23 FY 24 FY 23 FY 24 FY 23 FY 24 TOTAL GROUP AUDIOVISUAL RADIO Source: Atresmedia`s financial
Slide 13: Total Revenue Evolution by Segment
ATRESMEDIA: TOTAL REVENUE EVOLUTION BY SEGMENT In € mill. +16.4 +5.1 +5.4 1,018 +19.6 971 +46.4 FY 23 Total Audiovisual Content Others Radio FY 24 Total Rev content NAR +Elimin. Rev Source: Atresmedia`s financial statements 13
Slide 14: Cash Flow
ATRESMEDIA CASH FLOW In € mill. +184 -24 +58 +140 -101 +23 FY23 Net Operating Investing Dividends Investm & FY24 Net financial CF CF Others* financial position position *Funds from Fever’s stake sale: 58 M€ Source: Atresmedia`s financial statements 14
Slide 15: Net Income
ATRESMEDIA: NET INCOME In € mill. Net income reported 171 Non-cash adjustment due to 52 deferred tax assets recognition 0 Net income proforma 113 +5.1% 119 +1.4% 120 FY 22 FY 23 FY 24 NET INCOME Source: Atresmedia’s Financial Statements 15
Slide 16: Final Dividend Proposal
ATRESMEDIA: FINAL DIVIDEND PROPOSAL In € mill. Net income Total Dividends 2024 financial year Final div (to be paid in June 25) 105 M€ (0.47 €/acc ) 158* Interim div 120 (paid in Dec 24) 47 M€ (0.21 €/avcc) A3M Consolidated A3M individual 153 M€ (0.68 €/acc ) *Includes materialized capital gains fro
Slide 17: Atresmedia Financial Results FY24
ATRESMEDIA F I N A N C I A L R E S U L T S F Y 24 27.02.2025 We believe in the power of reflection and emotion 17