Entravision Communications Corporation · NYSE:EVC
Entravision Communications — Sidoti Summer Virtual Microcap Investor Conference 2021
30 slides from Entravision Communications's conference presentation, Aug 19, 2021
Slide 1: Sidoti MicroCap Conference
Sidoti MicroCap Conference Chris Young, Entravision Chief Financial Officer | August 19th, 2021
Slide 2: About this presentation
About this presentation Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. The company has previously provided a reconciliation between these non-GAAP financial measures and the most directly comparable GAAP measure. That reconciliation was included in t
Slide 3: About Entravision
About Entravision Entravision’s Growing Global Footprint Entravision is a diversified global marketing, technology and digital media company serving clients throughout the United States and in more than 30 countries across Latam, Europe and Asia. Our dynamic portfolio of services spans the digital me
Slide 4: Investment Highlights
Investment Highlights Solid Financial Significant & Growing Long-Term Position Target Market Television Contracts ❏ Strong Free Cash-Flow conversion (70% of EBITDA for Q221) ❏ U.S. Latino + Latam growing ❏ Entravision is Univision’s largest TV ❏ Solid liquidity > $182M in cash & market ($2.3T by 2024
Slide 5: Significant and Growing Target Market
Significant and Growing Target Market US Latino Market Highlights Young & Influential Growing Latino Population ❏ $1.7T Dollar Market; expected to top $2.3T by 2024 [1]. 111.2M 99.8M ❏ 62.3M U.S. Latinos in 2020 (111.2M in 87.6M 2058). The largest U.S. ethnic or racial 74.8M group [1]. 62.3M ❏ 31% of
Slide 6: Experienced Management Team
Experienced Management Team Walter Ulloa Karl Alonso Meyer Chairman & CEO Chief Revenue Officer Entravision founder. 40+ years of Deep broadcasting knowledge. 30+ years of experience in Spanish language experience in broadcasting, radio, television, broadcast. digital and advertising. 24 years at Entr
Slide 7: Entravision Operating Segments
Entravision Operating Segments
Slide 8: Entravision's Three Business Segments
Entravision’s Three Business Segments Interactive Television Radio Digital 21 Countries 55 TV Stations in the U.S. 47 Radio Stations in the U.S. Global programmatic, Big-Tech Owned Newscasts in 21 markets with Very strong talent and influencer pool representations, performance, local SMB specialized
Slide 9: Entravision Digital Revenue Evolution
Entravision Digital Revenue Evolution Decisively re-engineering our DNA... Entravision Digital Revenue 2012-2021 $350.3 (USD Millions) $143.3 $81.0 $4.1 $12.7 $23.1 2012 2014 2016 2018 2020 Q2-2021 LTM Revenue Share 2% 5% 9% 27% 42% 62% Countries 1 2 2 14 21 30 Capabilities - CPM - CPM - CPM / CPA /
Slide 10: Entravision Digital EBITDA Growth
Entravision Digital EBITDA Growth EBITDA Q2-2021 EBITDA LTM Q2 2021 USD millions USD millions +932% +153% $17.8* $81.0 $32.0 $1.7 Q2 2020 Q2 2021 Q2 2020 Q2 2021 10 * Excluding EBITDA attributable to redeemable noncontrolling interest.
Slide 11: Entravision Interactive Business Segments Focus
Entravision Interactive Business Segments Focus Digital Service Offering Partnerships & Business Units - Strong reach in 23 countries Global Tech - Greatest multi-target partnerships Representations - Specialized solutions & collections - Dedicated teams for each partner - Deep Mobile App expertise P
Slide 12: Digital Segment Industry Growth Drivers
Digital Segment Industry Growth Drivers Global Digital Ad Spend US Programmatic Ad Spend Global App User Spend USD Billions USD Billions USD Billions 13% 19% CAGR 21% CAGR CAGR $700 $270 $133 $378 $75 $111 2020 2025 2020 2023 2020 2025 Mobile share from total digital: 73% 77% Source: eMarketer, “Dig
Slide 13: A leading digital advertising company serving the Latin American and U.S. Hispanic markets
i) Big Tech sales partnerships in 17 Latam countries: A leading digital advertising company serving the Latin American and U.S. Hispanic markets ii) Owned branding products and technology: Founded 2010 Headquartered in Miami, FL. Digital audio advertising solutions Mobile advertising solutions 1st D
Slide 14: Cisneros Interactive Growth and Markets
Cisneros Interactive Growth and Markets Miami Dominican Republic Mexico Revenue EBITDA[1] Puerto Rico USD millions USD millions Guatemala El Salvador +173% Costa Rica Panama Colombia $114.9 +323% Ecuador $8.4 Peru Brazil $42.0 Bolivia $1.9 Chile Paraguay Q2 2020 Q2 2021 Q2 2020 Q2 2021 Argentina Uru
Slide 15: Television Segment
Television Segment Univision and UniMás Drive 63%+ of the Spanish Language Viewing in EVC Markets Full-week audience share, Adults 18-49[3] 55 Early and late 0.9% Local TV newscasts produced 1.8% primary stations in 21 local US Univision largest affiliate group markets 34.0% 50.3% 13M+ 4.8M Households
Slide 16: Television Segment Growth Drivers
Television Segment Growth Drivers News Consumption by Hispanics Outpaces News Consumption by Entravision Local News Non-Hispanics[2] July 2021, A18-49 [1] Average weekly time spent per adult Growth Q2-2020 vs Q2-2019 Early News - 20 Markets +66% #1 or #2 regardless of language in 11 markets. +47% Mo
Slide 17: Radio Segment
Radio Segment 47 311 16 96% O&O Radio Network U.S. Latino Stations Affiliates Markets Coverage Nationally Syndicated Shows – Iconic Talent ▪ Top Brand Name Talent driving ratings ▪ Network programming (Piolin and Lucas) ▪ Majority of content created in LA Media Center Unique Specialty Stations SPANISH
Slide 18: Entravision Financials
Ze entravision Entravision Financials
Slide 19: Q2-2021 Financials Update
Q2-2021 Financials Update Entravision Revenue Q2-2021 Entravision EBITDA Q2-2021 USD millions USD millions +295% +932% YoY YoY $178.4 $17.8 $45.1 $1.7 Q2 2020 Q2 2021 Q2 2020 Q2 2021 19
Slide 20: Solid Balance Sheet
Solid Balance Sheet Total Net Leverage as of June 30, 2021 Actuals in USD Millions Concept Cash & Marketable Securities $181.9 Notes $0.0 Other Debt $213.8 Total Debt $213.8 TTM Consolidated Adjusted EBITDA $81.0 Total Leverage Per Credit Agreement 1.71x Total NET Leverage (net of accessible 0.66x c
Slide 21: Q3-2021 Pacing
Q3-2021 Pacing Entravision Q3-2021 Pacing As of Q2-2021 earnings call on August 5, 2021 Q3-2021 Digital (1) +948% TV -4% Radio +25% TOTAL +219% (1) Excludes 2020 revenue from Cisneros Interactive and MediaDonuts which were acquired in Q4 2020 and Q3 2021, respectively. 21
Slide 22: MediaDonuts Acquisition
Ze entravision MediaDonuts Acquisition
Slide 23: Leading Digital Marketing and Advertising Company in Southeast Asia
Leading Digital Marketing Big Tech representations and Advertising Company in Southeast Asia Founded in 2010 Headquartered in Singapore 7 countries, +500 clients In-house performance & branding agency solutions Full acquisition by Entravision Campaign Campaign Media Buying closed on July 1st, 2021 S
Slide 24: MediaDonuts Growth and Presence
MediaDonuts Growth and Presence* Revenue EBITDA USD millions USD millions +120% +13x $28.2 $4.0 India Thailand Vietnam $12.8 Philippines Malaysia Singapore $0.3 Indonesia 2019 2020 2019 2020 24 * Unaudited results.
Slide 25: Appendix
Ze entravision Appendix
Slide 26: Growth in Political Ad Revenue
Growth in Political Ad Revenue Entravision Political Net Revenue, 2006-2020 USD Millions $28.8 $16.5 $12.2 $10.7 $9.3 $8.1 $7.0 $5.4 0.9 4.5 $0.9 $1.1 $0.5 $0.1 $0.7 $0.3 $0.3 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 % of Total Net Revenue: 2% 0% 3% 0% 4% 0% 7% 0% 4
Slide 27: Radio & TV And Latino Population Across The US
Radio & TV And Latino Population Across The US Growing Latino Demographic Boston, MA Overall Latino population Springfield, MA growing faster than Sacramento, CA Hartford, CT non-Latino population Modesto, CA and is expected to reach 87.6 million by 2040 Reno, NV Stockton, CA Aspen, CO 2014 Hispanic
Slide 28: Top Ranked Local News
Top Ranked Local News Focusing on issues relevant to Latinos, Entravision’s local newscasts are #1 or #2 in 11 markets among ALL 18-49 viewers, regardless of language HISPANIC MARKET EARLY NEWS NEWS DMA STATION ADULT 18-49 RATING RANK (2021) TP RANK 10 Orlando WVEN #2 1.0 11 McAllen KNVO #1 2.0 13 T
Slide 29: Solid Growth Story
Solid Growth Story A client marketing solution-centric vision since 1996 Leading Ad-Rep and Digital Agency in Southeast Asia Acquisition Leading Ad-Rep, Audio and Mobile Video In Latam Acquisition 100 TV & Radio Leading Mobile Stations (US) Programmatic Agency Acquisition IPO NYSE:EVC Leading Mobile
Slide 30: Digitally Transformed and Supported at the Core
Digitally Transformed and Supported at the Core 51 technology and information applications enable productivity, transparency and accountability Back-End Sales Operations Front-End Accounting Service Desk Traffic System CRM Data Visualization HR Management Talent Office & Documents Sales Op. Automatizati
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