Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q1 2021 Earnings Presentation
12 slides from Corus Entertainment Inc. Class B's earnings presentation, Jan 12, 2021
Slide 1: Fiscal 2021 First Quarter Earnings Conference Call
Fiscal 2021 First Quarter Earnings Conference Call Tuesday, January 12, 2021 | 8 a.m. ET
Slide 2: Safe Harbour Disclosure Forward-looking Statements
Safe Harbour Disclosure Forward-looking Statements 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-l
Slide 3: Q1 Fiscal 2021 Highlights
Q1 Fiscal 2021 Highlights $420 $179 million consolidated revenue million consolidated segment profit $62 3.14x million free cash flow net debt to segment profit Fiscal 2021 First Quarter Earnings Conference Call | 3
Slide 4: Advancement of Strategic Priorities
Q1 Fiscal 2021 Advancement of Strategic Priorities Create a great Build a Content Connect with Help Brands Operate With place to work Powerhouse Audiences Grow Discipline Fiscal 2021 First Quarter Earnings Conference Call | 4
Slide 5: Schedule Packed with Hit Shows
Schedule Packed with Hit Shows Q1 Fiscal 2021 Q2 Fiscal 2021 Clarice Fiscal 2021 First Quarter Earnings Conference Call | 5
Slide 6: Consolidated Results
Q1 Fiscal 2021 Consolidated Results (in millions of dollars except percentages and per share amounts) • Sequential improvement Q1-2021 %Chg in advertising impact from COVID-19 Consolidated revenue 420 (10) • International content licensing Consolidated segment profit 1 179 (3) growth Consolidated se
Slide 7: Television Results
Q1 Fiscal 2021 Television Results (in millions of dollars except percentages) Q1-2021 %Chg • Significant sequential Segment revenues 392 (9) improvement in advertising impact from COVID-19 Advertising revenues 246 (14) • Subscriber revenues reflect strong Subscriber revenues 124 - uptake of STACKTV
Slide 8: New Revenue Performance Metrics
New Revenue Performance Metrics 30% Optimized Revenues 10% New Platform Revenues 26% % of TV Advertising and Subscriber Revenues % of TV Advertising Revenues 25% 8% 7% 20% 6% 15% 4% 10% 2% 0 0 Fiscal Fiscal Q1 Q2 Q3 Q4 Q1 Fiscal Fiscal Q1 Q2 Q3 Q4 Q1 2018 2019 F2020 F2020 F2020 F2020 F2021 2018 2019
Slide 9: Radio Results
Q1 Fiscal 2021 Radio Results (in millions of dollars except percentages) Q1-2021 %Chg • Meaningful sequential improvement in advertising Segment Revenues 28 (26) impact from COVID-19 • Notable improvement in Segment profit1 7 (41) segment profit margin vs. Segment profit margin1 25% (7 pts) Q4/Q3 Fi
Slide 10: Significant Progress on Financial Priorities
Significant Progress on Financial Priorities • Strong free cash flow of $62 million for the first quarter Total Bank Debt ($b) 2.4 • Repaid ~$34 million of bank debt in ($514 million) 2.2 the first quarter 2.0 • Leverage at November 30, ($230 million) 1.8 2020 was 3.14 times net debt to ($34 million
Slide 11: Consolidated Year Over Year Revenue Growth
Consolidated Year Over Year Revenue Growth • Transform how we sell Television - Meaningful growth in Optimized Revenue - Expanding presence across digital platforms • Accelerate the growth of STACKTV and other digital initiatives - STACKTV and Nick+ now have more than 400,000 paying subscribers comb
Slide 12: Fiscal 2021 First Quarter Earnings Conference Call Q&A
Fiscal 2021 First Quarter Earnings Conference Call Tuesday, January 12, 2021 | 8 a.m. ET Q&A