Vocento, S.A. · BME:VOC
Vocento — 9M 2008 Earnings Presentation
13 slides from Vocento's earnings presentation, Nov 11, 2008
Slide 1: Results for January - September 2008
Results for January - September 2008 11 November 2008
Slide 2: Unbeatable Position for Capturing Growth
Unbeatable Position for Capturing Growth … and business Capacity for strategy Financial strength strength execution Leading and – ABC Sound financial – Punto Radio Internet reference brands position in the market – Qué Flexible business structure (OPEX + Opinion leadership = – Rationalisation of and
Slide 3: Highlights
Highlights Content and Internet increased their contribution, and ABC circulation circulation continues to improve: Revenues €637.1m (-3.8%) Circulation revenues +1.8% based on ABC (+16.5%) and Regional Press (+0.2%) Advertising -13.4%: general deterioration in advertising market. Internet +21.7% Ot
Slide 4: Highlights by Business Area
Highlights by Business Area Leadership in Print Media: the difficult advertising market is being offset by the good performance of circulation revenues and strict cost control High growth in ABC circulation (9M08 +11.4% vs market -0.3%1) Press leadership (5.5m readers 2nd EGM survey 08, with 2.3m re
Slide 5: Consolidated 9M08 Profit and Loss Account
Consolidated 9M08 Profit and Loss Account Revenues -3.8%: Circulation revenues (+1.8%): IFRS improvement in ABC revenues (+16.5%), 9M08 9M07 % Var Supplements and Magazines (+4.3%) and Circulation revenues 203.7 200.2 1.8% stability in Regional Press (+0.2%) Advertising revenues 259.8 300.2 (13.4%)
Slide 6: Consolidated Balance Sheet 30 September 2008
Consolidated Balance Sheet 30 September 2008 IFRS IFRS 9M08 2007 9M08 2007 Non current assets 702.0 821.6 Equity of the parent co. 526.9 541.4 Intangible assets 264.8 349.2 Property, plant and equipment 219.4 237.7 Total liabilities 545.1 625.5 Investments equity method 19.5 111.9 Gross Debt 150.7 1
Slide 7: Print Media
Print Media Revenues Highlights (€ m) Press leadership: 5.5m readers (EGM 2nd survey 08). 481.4 (9.6) % 435.4 ABC the only national newspaper with increased readership vs. 1st survey 08 and 2nd survey 07. Qué! 62.5 56.8 2,7 18.8 2.3m readers (+20.3%) and Sup.&Magazines 134.6 118.1 consolidates leade
Slide 8: Continuous Growth of ABC Circulation
Continuous Growth of ABC Circulation 9M08 – 250,736 copies Development of ABC circulation 263,552 9M07 – 225,088 copies 237,371 249,662 238,993 16.5% 239,157 14.1% 231,039 205,069 4.4% 2.0% 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 (5.6%) (6.2)% (9.6%) Average quarterly circulation %Average variation in ci
Slide 9: Audiovisual
Audiovisual Revenues Highlights 98.0 Revenues +29.0%, €98.0m: .0% +29 Local TV: €10.6m 76.0 – Onda 6: leader Madrid Sep08 (31.5% local share) National DTT: improvement in revenues (€+8.5m) 67.2 after strategic agreement with Disney and start of 51.1 Intereconomía TV channel – DTT penetration up to 3
Slide 10: Internet
Internet Revenues Highlights Revenues +9.3%, to €44.1m: growth of advertising 44.1 €+2.4m (+21.7%) based on B2C and other revenues 40.3 +9.3% due to Classifieds: Digital Editions: significant rise in revenues €+2.3m 20.6 20.3 (+26.9%), growth in advertising (+27.6%), modernisation of local portals,
Slide 11: Other Businesses
Other Businesses Revenues Highlights 166.1 (1.5)% 163.5 10.6 10.0 135.0 130.9 Revenues €163.5m Distribution: decline of -3.0% because its links to Print Media area 21.6 23.6 (1.0) (1.0) Printing: good performance from area thanks to 9M07 9M08 higher installed capacity – Start of operations at Printo
Slide 12: Disclaimer
Disclaimer This document contains statements that constitute forward looking statements in its general meaning and within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this document and include statements regarding future growth
Slide 13: Thank You
Thank You Investor Relations and Shareholders Office C/ Juan Ignacio Luca de Tena, 7 28027 Madrid Tel.: 91.743.81.04 Fax: 91.742.63.52 e-mail: ir@vocento.com 12