Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q2 2021 Earnings Presentation
16 slides from Grupo Clarin SA Class B's earnings presentation, Aug 13, 2021
Slide 1: First Half and Second Quarter 2021 Results
First Half and Second Quarter 2021 Results Investor Relations: http://www.grupoclarin.com/ir August 13th, 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 GDP Argentina and Region(1) External and Fiscal Balances(3) Rebased IVQ’17=100 As % GDP Primary Fiscal Balance Argentina Brazil Chile Uruguay Current Account Balance 105.7 0.9% 0.6% -0.4% 100.0 103.7 -2.3% 97.9 -2.7% -2.7% -0.8% -3.8% 90.7 1H and 2Q 2021 Resu
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 1H21 & 1H20 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted Ebitda % yoy, AR$ MM % yoy, AR$ MM +46% +1% 16.8 15,370 15,519 2,606 14,223 2,388 1,297 218 947 45 5,634 9,736 641 7,471 1H and 2Q 2021 Results - August 13th, 2021 1,965 4,440 14,223 4.7 2,388 9,736 728 461 6,313 8 267
Slide 7: Income Statement
Income Statement 2Q21 & 2Q20 yoy figures Exhibit 4: Net Sales Exhibit 5: Adjusted Ebitda % yoy, AR$ MM % yoy, AR$ MM 14.7 +60% +8% 7,879 +94% +24% 7,623 7,273 256 1,159 1,138 21 517 12.8 2,510 934 4,763 4,136 346 1H and 2Q 2021 Results - August 13th, 2021 308 588 7,623 1,107 2,219 16 1,138 4,763 3,2
Slide 8: Income Statement
Income Statement 2Q21 & 2Q20 yoy figures EBTIDA Margin (%) Exhibit 7: 2Q20 Exhibit 8: 2Q21 AR$ MM AR$ MM 7,879 7,273 8.3% 1H and 2Q 2021 Results - August 13th, 2021 9.0% 4,093 4,460 2,245 0.7% 2,261 12.8 14.7 934 1,159 24.1% Net Sales Cost of Sales Selling & EBITDA Net Sales Cost of Sales Selling &
Slide 9: Financial Debt
Financial Debt Exhibit 9: Key Financial Ratios AR$ MM USD 19.80 MM at 95.72 ARS/ USD June 2021 June 2020 YoY Total Gross Debt Outstanding* 1,894.8 2,338.3 (19.0%) Total Gross Debt Incl. Interests** 1,921.1 2,353.3 (18.4%) 1H and 2Q 2021 Results - August 13th, 2021 Total Net Debt (1,551.3) (1,135.3)
Slide 10: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 11: Broadcasting & Programming
Broadcasting & Programming 2Q21 & 2Q20 yoy figures Exhibit 11: Key Ratios Audience Share1 (%) Advertising Share2 (%) 51% +3% -6% -1% 28.8 29.4 29.1 36.1 37.1 27.0 1H and 2Q 2021 Results - August 13th, 2021 (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is defined as Monda
Slide 12: Printing & Publishing
Printing & Publishing 2Q21 & 2Q20 yoy figures Exhibit 14: Key Ratios Digital Advertising Revenues Circulation & Paywall 22.9% 43% 46.7% 40.5% 14.3% 69% 55% 224.4 220.2 215.8 152.8 1H and 2Q 2021 Results - August 13th, 2021 (1) Digital Advertising Revenues as % of Advertising Revenues, AGEA. (2) Aver
Slide 13: Others
Others 2Q21 & 2Q20 yoy figures Exhibit 17: GCGC third party revenues 6% % Over total GCGC Revenues 1H and 2Q 2021 Results - August 13th, 2021 Exhibit 18: 2Q20 Exhibit 19: 2Q21 AR$ MM AR$ MM EBTIDA Margin (%) 470 535 13.9% 237 324 36.8% 208 24.3% 5.3 258 (8.8) 25 47 Net Sales Cost of Sales Selling &
Slide 14: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session
Slide 15: Ownership Structure & Corporate Governance
Ownership Structure & Corporate Governance Equity Participation at IPO1 Shareholder Structure3 % Number of Shares Controlling Shareholders2 85.4 MM Float 21.3 MM 1H and 2Q 2021 Results - August 13th, 2021 Float 20% • International (41%) Controlling • Local (59%) Shareholders 80% Total 106.776 MM 1 G
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session