Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q3 2022 Earnings Presentation
16 slides from Corus Entertainment Inc. Class B's earnings presentation, Jun 29, 2022
Slide 1: Fiscal 2022 Third Quarter Earnings Conference Call
Fiscal 2022 Third Quarter Earnings Conference Call Wednesday, June 29, 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: Recent Highlights
Recent Highlights • Another strong fall schedule unveiled for Global, Specialty and our streaming offerings • Expansion of our streaming strategy with Corus and Paramount Global’s pending launch of Pluto TV in Canada • Significant revenue growth in our content business as we benefit from our slate o
Slide 4: Q3 Fiscal 2022 Key Financial Highlights
Q3 Fiscal 2022 Key Financial Highlights $433 $124 million million consolidated revenues consolidated segment profit1 $27 2.76x 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 IFRS. Refer to the "Note to
Slide 5: Impressive Fall Schedule
Impressive Fall Schedule + Fiscal 2022 Third Quarter Earnings Conference Call | 5
Slide 6: Impressive Fall Schedule
Impressive Fall Schedule Specialty THE LAZARUS PROJECT Fiscal 2022 Third Quarter Earnings Conference Call | 6
Slide 7: Content Powerhouse
Content Powerhouse DEAD MAN’S SARAH’S MOUNTAIN CURSE ESCAPE PAM’S GARDEN OF EDEN ~900 episode library ~4,800 episode library Fiscal 2022 Third Quarter Earnings Conference Call | 7
Slide 8: Expansion into FAST Channels
Expansion into FAST Channels • Corus and Paramount Global will launch Pluto TV, a Free Ad-Supported Streaming Television (FAST) channel offering, in Canada this fall with more than 100 unique, curated channels and over 20,000 hours of content • Pairs Corus’ leading ad sales capabilities with Pluto T
Slide 9: Powerful Streaming Portfolio
Powerful Streaming Portfolio Direct to Consumer (DTC) Ad Supported VOD (AVOD) Free Ad-Supported Streaming Television (FAST) Building a powerful portfolio of streaming services Fiscal 2022 Third Quarter Earnings Conference Call | 9
Slide 10: Q3 Fiscal 2022 Consolidated Results
Q3 Fiscal 2022 Consolidated Results • Delivered strong consolidated revenue growth in challenging macroeconomic environment • Segment profit in the prior year includes over $5 million of federal wage subsidy and regulatory relief • Free cash flow impacted by expected catch-up in programming investme
Slide 11: Q3 Fiscal 2022 Television Results
Q3 Fiscal 2022 Television Results • Delivered modest Television advertising revenue growth • Subscriber revenues benefiting from robust streaming subscriber uptake year-over-year • Strong growth in content revenues reflects addition of acquired business and large content licensing sale to Hulu in Q3
Slide 12: Q3 Fiscal 2022 Revenue Performance Metrics
Q3 Fiscal 2022 Revenue Performance Metrics New Platform Optimized Advertising 12% 50% Revenue1 11% Revenue1 47% % of TV Advertising and Subscriber Revenues 10% 40% % of TV Advertising Revenues 8% 30% 6% 20% 4% 10% 2% 0% F18 F19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 0 F18 F19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 13: Q3 Fiscal 2022 Radio Results
Q3 Fiscal 2022 Radio Results • Solid advertising revenue and segment profit recovery • Segment profit in the prior year includes $0.7 million of federal wage subsidy and regulatory relief (in millions of dollars except percentages) Q3-2022 %Chg Segment revenues 29 27 Segment profit1 6 341 Segment pr
Slide 14: Significant Progress on Financial Priorities
Significant Progress on Financial Priorities Shareholder Yield Recent Highlights $200M $1,000M $944M ~5.8 weighted average debt $158M maturity at May 31, 2022 years $150M $750M $100M $500M net debt to segment profit1 2.76x at May 31, 2022 $58M $50M $250M ~$944 allocated to shareholder-friendly 0 0 m
Slide 15: Resilient Innovative Business Model
Resilient Innovative Business Model • Corus operates within a unique market structure • Resilient subscription model is on track to deliver record revenue of over $500 million in F2022 • Consistently demonstrate ability to renew content licensing agreements with US studio content partners • Prioriti
Slide 16: Fiscal 2022 Third Quarter Earnings Conference Call
Fiscal 2022 Third Quarter Earnings Conference Call Wednesday, June 29, 2022 | 8 a.m. ET Q&A