Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q1 2022 Earnings Presentation
15 slides from Corus Entertainment Inc. Class B's earnings presentation, Jan 13, 2022
Slide 1: Fiscal 2022 First Quarter Earnings Conference Call
Fiscal 2022 First Quarter Earnings Conference Call Thursday, January 13, 2022 | 8 a.m. ET
Slide 2: Cautionary Statement
Cautionary Statement 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-looking statements and may be f
Slide 3: Strong Start to Fiscal 2022
Strong Start to Fiscal 2022 • Impressive Television revenue growth, up 11% • Subscriber gains highlight resiliency of business model as channels business is re-aggregated on streaming platforms • Global landed top spot as the #1 Conventional network in core primetime this Fall¹ • Significant growth
Slide 4: Q1 Fiscal 2022 Key Financial Highlights
Q1 Fiscal 2022 Key Financial Highlights $464 $177 million million consolidated revenues, consolidated up 10% from prior year segment profit1 $80 2.66x million net debt to segment profit1 free cash flow1 1 This is a non-GAAP financial measure and does not have a standardized meaning prescribed by IFR
Slide 5: Winter Programming Lineup
Winter Programming Lineup + Global TV is well-positioned following successful fall season Fiscal 2022 First Quarter Earnings Conference Call | 5
Slide 6: Winter Programming Lineup Specialty
Winter Programming Lineup Specialty + ROCK SOLID BUILDS Powerful mix of new series and returning hits Fiscal 2022 First Quarter Earnings Conference Call | 6
Slide 7: Resilient Recurring Subscriber Revenue
Resilient Recurring Subscriber Revenue Television Subscriber Revenue since F2017 Television Subscriber Revenue by Quarter 495* 496* 490* 491 498 500 400 Q4 Q3 paying + 725,000 subscribers 300 Q2 $Million CDN Q1 200 added value 100 for traditional +3% subscribers 0 2017* 2018* 2019* 2020 2021 2022 Fi
Slide 8: Robust Pipeline of Original Content
Robust Pipeline of Original Content RENOVATION RESORT 30+ series in production or development 24 series confirmed for fiscal 2022 Fiscal 2022 First Quarter Earnings Conference Call | 8
Slide 9: Q1 Fiscal 2022 Consolidated Results
Q1 Fiscal 2022 Consolidated Results • Delivered strong start to fiscal 2022 • Consolidated revenue up 10%, driven by double-digit advertising revenue growth coupled with robust streaming subscriber additions • Impressive free cash flow (in millions of dollars except percentages and per share amounts
Slide 10: Q1 Fiscal 2022 Television Results
Q1 Fiscal 2022 Television Results • Impressive advertising revenue growth, up 16% from last year and up 1% from pre-pandemic levels (Q1 fiscal 2020) • Subscriber revenues benefiting from strong uptake of STACKTV and Nick+ (>725,000 paying subscribers at Jan. 10 '22) • Programming expenses normalized
Slide 11: Q1 Fiscal 2022 Revenue Performance Metrics
Q1 Fiscal 2022 Revenue Performance Metrics New Platform Optimized Advertising % of TV Advertising and Subscriber Revenues 10% Revenue1 40% Revenue2 37% 9% % of TV Advertising Revenues 35% 8% 30% 6% 25% 20% 4% 15% 2% 10% 0 0 Fiscal Fiscal Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Fiscal Fiscal Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 12: Q1 Fiscal 2022 Radio Results
Q1 Fiscal 2022 Radio Results • Encouraging advertising revenue recovery • Focus on disciplined cost management (in millions of dollars except percentages) Q4-2021 %Chg Segment revenues 29 3 Segment profit1 6 (20) Segment profit margin1 20% (-5 pts) 1 This is a non-GAAP financial measure and does not
Slide 13: Significant Progress on Financial Priorities
Significant Progress on Financial Priorities Notable Leverage Improvement1 • Impressive free cash flow of $80 million for Q1 of fiscal 2022 3.22x • Net debt to segment profit of 3.18x 2.66 times at November 30, 3.14x 2021, down from 2.76 times at 3.02x August 31, 2021 Net Debt 2.82x to Segment Profi
Slide 14: Attractive Investment Opportunity
Attractive Investment Opportunity • Execution of strategic plan and priorities is delivering results - Impressive momentum on Global TV - STACKTV expansion validates resiliency of television channels business - Unlocking new revenue opportunities in digital video and streaming - Studio business crea
Slide 15: Fiscal 2022 First Quarter Earnings Conference Call Q&A
Fiscal 2022 First Quarter Earnings Conference Call Thursday, January 13, 2022 | 8 a.m. ET Q&A