Slide 1: 9M10 Results
9M10 Results 12 November 2010
Slide 2: Highlights for 9M10
Highlights for 9M10 VOC brand strategy gradually showing up in numbers: numbers – market share gains: circulation gap of ABC to El Mundo <40k copies, with advertising outperforming in 9M10, -1.8% vs. press market -3.0%1 – multi-channel content generation: VOC Internet advertising: +25.5%, outperform
Slide 3: Sector transformation requires reductions in cost bases
Sector transformation requires reductions in cost bases All business areas have improved their EBITDA, reflecting the operational gearing created by the investment in restructuring The fall in revenues (€-22.7m, -4.1%) has been absorbed by cost cuttings (€-34.0m1, -6.4%) – Reduction in major expendi
Slide 4: Solid financial position that supports the business model
Solid financial position that supports the business model Net financial debt 9M10 €-109.6m, cash of €71.5m: Improving maturity profile of long term debt and of long term debt related to leasing Cash exits 9M10: reflect the result of investment in restructuring and investment in creating synergies in
Slide 5: ABC: focus on gaining share, and improving profitability
ABC: focus on gaining share, and improving profitability …with advertising outperforming the press ABC continues to reduce the gap with #2... market Copies (thousands) Performance of advertising spend (%) Dailies Abs. dif. El Mundo vs. ABC Press market 9M10 -3.0% ABC 9M10 -1.8% Gap in Sep10: 21.6 th
Slide 6: Regional Press: leadership, costs and multichannel content
Regional Press: leadership, costs and multichannel content Regional Press is maintaining its leadership in Fall Ventaja in circulation diferencial: offset: by diferencial penetració rise in ó penetraci cover n local prices a fragmented market Market share 9M10 (%) Variation in circulation and sales
Slide 7: Internet: greater contribution to VOC, and close to profitability
profitability Internet: greater contribution to VOC, and close to profitability Target: to be in the top 10 … …capturing the advertising growth… growth… Million unique monthly users Oct10 and variation vs.Oct09 (%) Advertising 9M10 (€m) and % growth Internet: #2 advertising +16.6% +25.5% platform 20
Slide 8: DTT: A significant position, executing the VOC project
DTT: A significant position, executing the VOC project Net TV DTT channels have over 4% audience VOC competes in DTT with a multiplex share Audience share by family of channels 2010 (%) Launch of “La 10” and MTV (Viacom) “La 10” 10” reaches 0.3% 3.8% 5.7% 23.8% 13.7%1 Current situation: 10.9%1 8.1%
Slide 9: Financial Information 9M10
VOCeNTO ver, escuchar, leer y sentir.
Slide 10: Consolidated Profit and Loss Account 9M10
Consolidated Profit and Loss Account 9M10 IFRS. €m 9M10 9M09 Var % Circulation revenues 201.1 206.6 (2.7%) Advertising revenues 189.1 194.3 (2.7%) Other revenues 140.7 152.7 (7.9%) Operating revenues 530.9 553.6 (4.1%) Operating expenses1 (502.6) (570.7) (11.9%) EBITDA 28.3 (17.1) 265.1% Depreciatio
Slide 11: Consolidated Balance Sheet, 30 September 2010
Consolidated Balance Sheet, 30 September 2010 IFRS. €m 9M10 2009 9M10 2009 Non current assets 702.4 701.2 Shareholder equity 411.5 424.1 Intangible assets 267.5 277.3 Property, plant & equipment 238.1 230.4 Equity accounted 19.0 20.0 Other non current assets 177.8 173.5 Current assets 286.0 349.3 To
Slide 12: Revenues by business area
Revenues by business area Print Media Audiovisual (€ m) (€ m) 375.9 355.4 82.0 85.2 11.4 8.2 43.0 38.8 50.9 115.2 113.4 51.0 13.1 235.2 221.3 11.6 13.6 20.1 8.0 9M09 7.4 9M10 (28.9) (26.2) (6.2) (2.2) 9M09 9M10 9M09 9M10 Regional Pr. National Pr. Supp. & Mag Free Press Elim. Regional DTT National DT
Slide 13: EBITDA by business area
EBITDA by business area Print Media Audiovisual (€ m) (€ m) (16.5) 22.8 8.0 6.7 0.7 4.8 33.2 35.6 13.1 11.8 (15.2) 1.9 3.2 (2.4) (46.9) (2.1) (4.6) (4.8) (3.6) (3.7) 9M09 9M10 9M09 9M10 Regional Pr. National Pr. Supp. & Mag Free Press Regional DTT National DTT Radio Content Internet Other businesses
Slide 14: Legal Disclaimer
Legal Disclaimer This document contains statements about future intentions, expectations or predictions of the Company or its management at the date of issue thereof, which relate to various aspects, including the growth of different business lines and business overall, the market share, the results
Slide 15: Department of Relations with Investors and Shareholders
Department of Relations with Investors and Shareholders Director of Investor Relations Loles Mendoza Investor Relations Javier García Echegaray C/ Juan Ignacio Luca de Tena, Tena, 7 28027 Madrid Tel.: 91.743.81.04 Fax: 91.742.63.52 e-mail: ir@vocento.com