Clear Channel Outdoor Holdings, Inc. · NYSE:CCO

Clear Channel Outdoor — FY2022 Earnings Presentation

6 slides from Clear Channel Outdoor's earnings presentation, Apr 17, 2023

  1. Slide 1: Certain Financial Information based on new Segment Reporting: 2022 Quarterly and 2019 Annual Results

    Clear Channel Outdoor Holdings Certain Financial Information based on new Segment Reporting: 2022 Quarterly Results and 2019 Annual Results April 17, 2023

  2. Slide 2: Supplemental Disclosures: Reportable Segments

    Supplemental Disclosures Reportable Segments Effective December 31, 2022, the Company has four reportable segments, which it believes best reflect how the Company is currently managed: America, which consists of the Company’s U.S. operations excluding airports; Airports, which includes revenue from

  3. Slide 3: Revenue for each segment in effect as of the fourth quarter of 2022

    Revenue for each segment in effect as of the fourth quarter of 2022 (In thousands) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2022 2022 2022 2022 2019 Revenue: America $ 239,256 $ 285,026 $ 284,201 $ 297,069 $ 1,069,970 Airports 55,883 61,106 62,318 77,0

  4. Slide 4: Direct Operating and SG&A Expenses by segment

    Direct Operating and SG&A Expenses for each segment in effect as of the fourth quarter of 2022 (In thousands) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2022 2022 2022 2022 2019 Direct Operating Expenses1: America $ 94,651 $ 102,670 $ 104,612 $ 110,369 $

  5. Slide 5: Site Lease Expense & Rent Abatements for each segment

    (In thousands) Three Months Ended March 31, June 30, September 30, December 31, 2022 2022 2022 2022 Site Lease Expense: America $ 73,294 $ 80,111 $ 81,648 $ 87,672 Airports 34,639 34,325 31,921 44,342 Europe-North 54,688 57,840 53,888 54,910 Europe-South 51,285 52,231 50,134 53,349 Reductions of ren

  6. Slide 6: Segment Adjusted EBITDA for each segment

    (In thousands) Three Months Ended Year Ended March 31, June 30, September 30, December 31, December 31, 2022 2022 2022 2022 2019 Segment Adjusted EBITDA1: America $ 100,406 $ 133,977 $ 129,679 $ 135,328 $ 472,861 Airports 9,930 14,777 15,060 21,097 37,274 Europe-North 6,974 27,859 24,198 44,623 76,7

Clear Channel Outdoor Holdings — FY2022 Earnings Presentation on 6ix