Corus Entertainment Inc. Class B · TSX:CJR.B
Corus Entertainment Inc. Class B — Investor Presentation (February 2024)
24 slides from Corus Entertainment Inc. Class B's investor presentation, Feb 21, 2024
Slide 1: Investor Presentation
Investor Presentation February 21, 2024
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: Corus Overview
Corus Overview Headquarters: Toronto, Ontario | TSX Ticker: CJR.B | Market Cap: ~$0.2 Bn $110 million $493 million • Founded in 1999, Corus is a diversified Canadian-based integrated media Free cash flow1 for 12 months Subscriber revenue for 12 months ended November 30, 2023 ended November 30, 2023
Slide 4: Investment Highlights
Investment Highlights 1 Significant Diversity, Scope and Scale Across a Leading Portfolio of Television, Streaming, Digital and Radio Platforms with Considerable Strength in Local Markets 2 Deep Relationships with International Media Companies Enables Access to Great Content 3 Executing Multiple Vid
Slide 5: Media and Content Powerhouse
Media and Content Powerhouse 5
Slide 6: Deep Relationships with World-Class Partners
Deep Relationships with World-Class Partners 6
Slide 7: Strong Primetime Schedule Returns
Strong Primetime Schedule Returns 7
Slide 8: Strategic Priorities
Ongoing Strategic Discipline Strategic Priorities Create a diverse, equitable Secure great content to Create engaging content and Take a client- Embrace technology to and inclusive culture deploy across our portfolio brand experiences centric approach to support revenue growth of leading brands ever
Slide 9: Financial Overview
Financial Overview Operate with Segment Revenue1 Sources of Revenue1 Segment Profit1,2,3 discipline television advertising television radio radio 93 % 57 % 97% 7 % subscriber 3 % $1,450 $1,450 34 % $323 million million million distribution, production and other 9% Balanced Capital Allocation Policy
Slide 10: Canadian Market Opportunity
Canadian Market Opportunity Unique Market Structure advertising 1 Concentrated video distribution 2 Regulated production 3 Vertically Integrated 10
Slide 11: Alignment and Collaboration in Canadian Ecosystem
Alignment and Collaboration in Canadian Ecosystem Future Video Platforms Industry Measurement Advanced Advertising Alignment on next-generation Alignment on enhanced set-top Alignment on common industry video platforms for PayTV, X1 and box measurement and cross- segments, Dynamic Ad Insertion, Medi
Slide 12: Transforming the Way Media is Sold
Transforming the Way Media is Sold Help brands grow Automated buying platform dynamic advertising insertion (DAI) for video on demand Industry Leading Portfolio of Advanced Advertising Solutions 12
Slide 13: Four Corners Media Strategy
Four Corners Media Strategy Extended licensing terms and broadened rights grants support Corus’ portfolio of streaming services 13
Slide 14: Resilient Recurring Subscriber Revenue
Resilient Recurring Subscriber Revenue Connect with audiences Television Subscriber Revenue since Fiscal 2017 by Quarter ** *** ** * Subscriber revenue proforma for the disposal of Telelatino Network ** For the fiscal year-to-date ended November 30, 2023 *** Global TV App provides TV Everywhere serv
Slide 15: New Platform Revenue Growth
New Platform Revenue Growth Connect with audiences Q1 Fiscal 2024 New Platform Revenue of $38 million • Reflects progress on Corus’ participation in rapidly growing streaming distribution platforms and ** digital video advertising markets • Combines subscriber revenue from streaming initiatives and
Slide 16: STACKTV Delivers Live and On-Demand Viewing
STACKTV Delivers Live and On-Demand Viewing Connect with audiences 16 Channels. Live and On Demand. 40% 60% 1. STACKTV data for last twelve months ended November 30, 2023 16
Slide 17: Global TV Delivers Premium Content Everywhere
Global TV Delivers Premium Content Everywhere Connect with audiences ● Global TV App is gaining traction with robust demand for advertising inventory More Premium Video Inventory Authenticated AVOD product available on mobile apps, web and connected TV Includes Global TV and up to 10 Specialty Netwo
Slide 18: Expansion into FAST Channels
Expansion into FAST Channels Connect with audiences • 160+ channels, including 47 customized channels from Corus, and over 40,000 hours of content • Offers more premium video options for advertisers • Corus contributes leading ad sales capabilities • Provides incremental programming window for Corus
Slide 19: Corus Advantage Drives Content Creation
Corus Advantage Drives Content Creation Build a content powerhouse Content Creation ● Leveraging required Canadian content spending to drive international content sales Robust Production Slate ● Multi-season lifestyle, factual reality and children’s series are sold in the U.S. and around the world 1
Slide 20: Consolidated Results
Consolidated Results Operate with ● Strong track record of navigating through challenging macroeconomic conditions while continuing discipline to invest in long-term growth opportunities Consolidated Revenue Consolidated Segment Profit1 42% 15% 13% 10% 38% 8% 1% (0%) 33% (5%) (6)% 31% 32% 31% (5)% 2
Slide 21: Free Cash Flow and Leverage
Free Cash Flow and Leverage Operate with ● Corus remains focused on free cash flow and reducing leverage over the long-term, despite impact discipline of current macroeconomic conditions and Hollywood strikes (to Dec’23) on financial results Free Cash Flow1 Net Debt to Segment Profit1,2 102% 80% 80%
Slide 22: Debt Repayment in Focus
Debt Repayment in Focus Operate with discipline 1. Debt balances are based on financial statement presentation, excludes production financing and leases. 2. Reflects remaining repayments due F2024. 3. This is a non-GAAP financial measure and does not have a standardized meaning prescribed by IFRS. R
Slide 23: Leading Canadian Media and Content Company
Leading Canadian Media and Content Company Highly Differentiated Portfolio of Proven Track Record of Financial Assets Performance ● Powerful multiplatform aggregator of ● Proven record of driving efficiency and cash premium video content flow ● Leading brands and content ● Ongoing cost structure imp
Slide 24: Q&A
Q&A
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