Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — FY2018 Earnings Presentation
19 slides from Grupo Clarin SA Class B's earnings presentation, Mar 14, 2019
Slide 1: Full year and Fourth Quarter Results 2018
Full year and Fourth Quarter Results 2018 March 14, 2019
Slide 2: Disclaimer - Forward Looking Statements
Disclaimer Forward Looking Statements Certain information included in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as “expect”, “bel
Slide 3: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results – March 14th , 2019
Slide 4: Macroeconomic Environment - Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 47,3 65,0 43,2 59,3 35,2 35,4 27,9 40,0 26,6 24,5 24,5 26,1 26,3 26,3 28,8 27,3 24,8 24,8 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 D
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results – March 14th , 2019
Slide 6: Income Statement
Income Statement FY18 & FY17 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM -16% 7.9 22,948 6.7 9.4 1,820 -29% 19,254 7 +12% 8,790 494 15,840 3,414 -20% 1,326 1,289 14,158 2,050 1,738 1,060 229 7,018 6,561 1,660 15,840 14,158 1,211 6,669 7,
Slide 7: Income Statement
Income Statement FY18 & FY17, yoy figures EBTIDA Margin (%) Exhibit 4: FY17 Exhibit 5: FY18 AR$ MM AR$ MM 19,254 22,947 (16%) (14%) 14,209 12,174 FY and 4Q Results – March 14th , 2019 (16%) 6,919 5,791 7.9 6.7 1,820 (29%) 1,289 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sa
Slide 8: Financial Debt
Financial Debt Exhibit 6: Key Financial Ratios AR$ MM 30.4 MM at 37.7 ARS/ USD 2018 2017 YoY Total Gross Debt Outstanding* 1,146.0 1,012.8 13.1% Total Gross Debt Incl. Interests** 1,505.7 1,023.1 47.2% Total Net Debt 205.7 (18.2 ) ND Net Debt/ Adjusted EBITDA1 .12x (.01x) ND % US$ Debt 49.0% 38,7% 2
Slide 9: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results – March 14th , 2019
Slide 10: Broadcasting & Programming (nominal pesos)
Broadcasting & Programming (nominal pesos) Revenues & Costs EBTIDA Margin (%) Exhibit 11: 4Q17 Exhibit 12: 4Q18 AR$ MM AR$ MM 1,877 17% 2,197 1,037 47% 1,520 25% 345 26.4 11.2 432 495 (50%) 245 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. FY and 4Q Resu
Slide 11: Broadcasting & Programming II - Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 15: Key Ratios -17% -6% 40.8 42.8 40.1 33.9 4Q17 4Q18 4Q17 4Q18 Prime Time1 (%) Advertising Share2 (%) -7% FY and 4Q Results – March 14th , 2019 35.2 32.7 4Q17 4Q18 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime
Slide 12: Printing & Publishing (nominal pesos)
Printing & Publishing (nominal pesos) Revenues & Costs EBTIDA Margin (%) Exhibit 16: 4Q17 Exhibit 17: 4Q18 AR$ MM AR$ MM 1,965 11% 2,187 1,065 29% 1,378 12% 857 961 (7.0) 2.2 43 152 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA FY and 4Q Results – March 14th , 2019 Sales Adm.
Slide 13: Printing & Publishing II - Key Ratios
Printing & Publishing II Key Ratios Exhibit 20: Key Ratios 0% +2% 233 232 53.1 54.0 4Q17 4Q18 4Q17 4Q18 Circulation1 (‘000s) -1% Advertising Share2 (%) 39.7 39.2 FY and 4Q Results – March 14th , 2019 4Q17 4Q18 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Cla
Slide 14: Digital Content & Others (nominal pesos)
Digital Content & Others (nominal pesos) Revenues & Costs EBTIDA Margin (%) Exhibit 21: 4Q17 Exhibit 22: 4Q18 AR$ MM AR$ MM 12% 570 510 32% 339 448 9% (17) 203 (6) 220 97 31 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. FY and 4Q Results – March 14th , 2
Slide 15: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results – March 14th , 2019
Slide 16: Ownership Structure & Corporate Governance
Ownership Structure & Corporate Governance Equity Participation at IPO1 Shareholder Structure3 % Number of Shares4 Free Float Controlling Shareholders2 85.1 MM 20,3% Free Float 21.6 MM • International (47%) • Local (53%) 79,7% Total 106.776 MM Controlling FY and 4Q Results – March 14th , 2019 Shareh
Slide 17: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session FY and 4Q Results – March 14th , 2019
Slide 18: Q & A Session
Q & A Session March 14, 2019
Slide 19: Full year and Fourth Quarter Results 2018
Full year and Fourth Quarter Results 2018 March 14, 2019