Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — 9M 2020 / Q3 2020 Earnings Presentation
20 slides from Grupo Clarin SA Class B's earnings presentation, Dec 9, 2020
Slide 1: Nine Month and Third Quarter Results 2020
Nine Month and Third Quarter Results 2020 December 9th, 2020
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 9M and 3Q 2020 Results - December 9th, 2020
Slide 4: Macroeconomic Environment: Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 56.2 54.1 78.4 51.8 52.2 50.5 65.0 68.2 44.0 59.3 62.7 39.9 55.0 35.4 27.1 38.0 38.0 38.0 2Q18 3Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 S
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q 2020 Results - December 9th, 2020
Slide 6: Income Statement: 9M20 & 9M19
Income Statement 9M20 & 9M19 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM 8.6 23,666 -29% 8.1 +7% 16,055 2,041 -33% 14,977 8,688 0% 1,533 16,875 1,680 1,292 1,298 819 749 22 1,364 7,546 66 6,705 14,977 16,055 1,310 1,119 1,292 1,298 7,438
Slide 7: Income Statement: 3Q20 & 3Q19
Income Statement 3Q20 & 3Q19 , yoy figures EBTIDA Margin (%) Exhibit 4: 3Q19 Exhibit 5: 3Q20 AR$ MM AR$ MM (28.8%) 5,858 8,230 (32.7%) 3,348 4,975 9M and 3Q 2020 Results - December 9th, 2020 (29.7%) 1,668 2,375 14.4 10.7 880 842 (4.3%) Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & E
Slide 8: Financial Debt
Financial Debt Exhibit 6: Key Financial Ratios AR$ MM USD 21.4 MM at 76.18 ARS/ USD 9M20 9M19 YoY Total Gross Debt Outstanding* 1.636,3 2.567,1 (36,3%) Total Gross Debt Incl. Interests** 1.647,3 2.598,6 (36,6%) Total Net Debt (1.184,0) (539,2) 119,6% Net Debt/ Adjusted EBITDA1 -,35x -,15x 129,4% % U
Slide 9: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q 2020 Results - December 9th, 2020
Slide 10: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 8: 3Q19 Exhibit 9: 3Q20 AR$ MM AR$ MM 3,768 (22.8%) 2,907 (32.3%) 1,657 2,448 9M and 3Q 2020 Results - December 9th, 2020 3.2% 18.9 627 21.4 608 712 623 (12.5%) Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA
Slide 11: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 10: Key Ratios -22% -3% 39.4 38.8 37.5 30.6 3Q19 3Q20 3Q19 3Q20 9M and 3Q 2020 Results - December 9th, 2020 Prime Time1 (%) -4% Advertising Share2 (%) 32.7 31.4 3Q19 3Q20 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA.
Slide 12: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 11: 3Q19 Exhibit 12: 3Q20 AR$ MM AR$ MM 4,122 (34.6%) 2,697 2,110 1,408 (33.3%) 9M and 3Q 2020 Results - December 9th, 2020 (39.4%) 1,782 1,080 5.6 7.7 230 (9.5%) 208 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITD
Slide 13: Printing & Publishing III: BIMO digital e-wallet
Printing & Publishing III BIMO – a new digital e-wallet with the most valuable benefit program Launched under the joint-venture of AGEA and Prisma An e- wallet that combines the best potential of both companies: ✓ The capillarity of Clarín, especially through its 365 benefit program. 9M and 3Q 2020
Slide 14: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 13: Key Ratios +14% -4% 272 53.5 51.2 237 3Q19 3Q20 3Q19 3Q20 9M and 3Q 2020 Results - December 9th, 2020 Circulation1 (‘000s) +4% Advertising Share2 (%) 41.4 43.2 3Q19 3Q20 Circulation Share3 (%) (1) Average number of copies according to IVC (including Di
Slide 15: Others: Revenues & Costs
Others Revenues & Costs EBTIDA Margin (%) Exhibit 14: 3Q19 Exhibit 15: 3Q20 AR$ MM AR$ MM (30.8%) 553 799 584 (36.2%) 373 9M and 3Q 2020 Results - December 9th, 2020 (39.1%) 169 277 2.2 (7.8) 62 11 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses E
Slide 16: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q 2020 Results - December 9th, 2020
Slide 17: 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 (42%) • Local (58%) 79,7% 9M and 3Q 2020 Results - December 9th, 2020 Total 106.776 MM Controlling
Slide 18: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 9M and 3Q 2020 Results - December 9th, 2020
Slide 19: Q & A Session
Q & A Session December 9th, 2020
Slide 20: Nine month and Third Quarter Results
Nine month and Third Quarter Results 2020 December 9th, 2020
Grupo Clarín — 9M 2020 / Q3 2020 Earnings Presentation on 6ix