11 slides from Corus Entertainment Inc. Class B's earnings presentation, Apr 1, 2020
Slide 1: Fiscal 2020 Second Quarter Earnings Conference Call
Fiscal 2020 Second Quarter Earnings Conference Call Wednesday, April 1, 2020 | 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: Strong Commitment to News
Strong Commitment to News National, Local, TV, Radio and Digital Fiscal 2020 Second Quarter Earnings Conference Call | 3
Slide 4: Diligent Focus on Business Continuity
Diligent Focus on Business Continuity Corus' Priorities in a COVID-19 Environment • Top priority is employee health and safety • Acted swiftly to implement measures recommended by public health authorities • Business continuity plan in place to ensure minimal disruption for audiences and customers I
Slide 5: Significant Progress on De-leveraging
Significant Progress on De-leveraging Implementation of IFRS-16 3.46x 3.28x 3.08x net debt 3.00x* to segment profit 2.82x Q4•2017 Q4•2018 Q4•2019 Q1•2020 Q2•2020 * Equivalent to approximately 2.79 times net debt to segment profit on a pre-IFRS-16 basis Leverage returning to long-term objective targe
Slide 6: Q2 Fiscal 2020 Consolidated Results
Q2 Fiscal 2020 Consolidated Results • Consolidated revenue of $376 million • Consolidated segment profit1,2 of $116 million • Consolidated segment profit margin of 31% • Net income attributable to shareholders of $18.5 million ($0.09 per share basic) • Free cash flow of $65.1 million1,2 1 Segment pr
Slide 7: Q2 Fiscal 2020 Television Results
Q2 Fiscal 2020 Television Results • Segment revenues were down 2%, or flat when adjusted for the disposition of TLN • Advertising revenues were down 6%, or down 5% proforma TLN • Subscriber revenues were down 2%, or up 1% proforma TLN • Merchandising, distribution and other revenues were $24.9 milli
Slide 8: Q2 Fiscal 2020 Radio Results
Q2 Fiscal 2020 Radio Results • Segment revenues of $28.2 million • Segment profit1 of $4.6 million • Segment profit margin1 of 16% was comparable with the prior year 1 Segment profit and segment profit margin do not have standardized meanings prescribed by International Financial Reporting Standards
Slide 9: COVID-19: Managing in the New World
COVID-19: Managing in the New World Key Near-Term Priorities • Ensure the safety and well-being of our team • Robust business continuity plan is in place • Provide reliable news and information to communities across Canada • Serve the needs of our audiences and customers • Operate with strong financ
Slide 10: Remembering JR Shaw
Remembering JR Shaw “To be successful, you need the vision of an eagle and the work ethic of a plow horse. These traits do not come easy; they require endless practice and constant learning.” JR Shaw (1934 - 2020) Founder, Corus Entertainment Fiscal 2020 Second Quarter Earnings Conference Call | 10
Slide 11: Fiscal 2020 Second Quarter Earnings Conference Call Q&A
Fiscal 2020 Second Quarter Earnings Conference Call Wednesday, April 1, 2020 | 8 a.m. ET Q&A