Grupo Clarin Sa Class B · BCBA:GCLA
Grupo Clarin Sa Class B — Investor Presentation (March 2026)
23 slides from Grupo Clarin Sa Class B's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
Investor Relations: Investor Presentation http://www.grupoclarin.com/ir March 2026
Slide 2: Disclaimer
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”, “be
Slide 3: Agenda
Agenda Company Overview Consolidated Business Overview Our Business Segments
Slide 4: Our History
Our History We anticipated market trends and adapted our business model, to become the largest media group in Argentina 1945 1970 1990 2000 2016 I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2 6 Technology Horizontal Foundation Vertical Integration Convergence & Pure Media Player Integratio
Slide 5: Ownership Structure
Ownership Structure Post Split-up Ownership structure(1) Total shares & Float breakdown Economic rights Total Shares 106,776,004 Total Controlling Controlling Shareholders 85,440,413 Float shareholders Float 21,335,591 20.0% 80.0% • International Float (19%) 26.4% • Local Float (81%) GC Dominio Tota
Slide 6: Legal Structure
Legal Structure 100% 100% 99% 100% 100% AGEA IESA ARTEAR Radio Mitre GC Gestión Compartida 50% 85% 50% Exponenciar Telecor C12 TRISA 100% 91,3% 100% OSA Pol-Ka Carburando I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2 6 50% 33% 25% Impripost 40% Patagonik Film Canal Rural 50% 95% AGL Si Mú
Slide 7: The media industry
The media industry Grupo Clarín is Argentina’s main content producer (TV, Radio, Internet & Print) Market Leader in: News: ✓ Multimedia strategy that includes digital and printed newspapers, TN, Clarin.com website, Mitre AM radio, and Channel13 news broadcast (Telenoche). ✓ Strong presence in the in
Slide 8: Agenda
Agenda Company Overview Consolidated Business Overview Our Business Segments
Slide 9: Our Business Segments
Our Business Segments We are the largest media company in Argentina FY25 breakdown by segment (nominal AR$MM) Revenues EBITDA % Digital & Leading newspaper in LatAm in Printed terms of circulation and #1 in ad 222,942 30,745 31% Publications revs in Argentina 13.8% Broadcasting Leading broadcast TV
Slide 10: Financial Debt
Financial Debt Solid financial position with low leverage Key Financial Ratios Figures in MM December 2025 December 2024 YoY AR$ USD*** AR$ USD*** AR$ Total Gross Debt Outstanding* 19,636.6 13.5 22,776.2 16.8 (13.8%) Total Gross Debt Incl. Interests** 19,970.7 13.7 23,003.8 16.9 (13.2%) Total Net De
Slide 11: Agenda
Agenda Company Overview Consolidated Business Overview Our Business Segments
Slide 12: Broadcasting & Programming
Broadcasting & Programming Canal 13 is a leading broadcast TV channel in Argentina Broadcasting & Programming US$ 191 MM FY25 Revenues Free TV Channels Content Production Pay-TV Channels & Sports Radio #1 Including “Canal Trece”, leading Including “Todo Noticias”, the cable TV signal with Leading fe
Slide 13: Broadcasting & Programming: Key figures
Broadcasting & Programming Key figures Total Time & Prime Time Share1 December 2025 Key Ratios2 2024 vs 2025 % Total Time Share % Prime Time Share % 2024 2025 Change Audience Share 0.7% 11.9% 13.6% Prime Time1 (%) 27.4 24.6 (10.3%) 25.7% 1.5% 0.7% 24.6% 1.9% 9.8% Total Time1 (%) 27.7 25.7 (7.4%) 11.
Slide 14: We evolved to fit new ways in which our content is consumed
Broadcasting & Programming We evolved to fit new ways in which our content is consumed Programming for OTT Platforms Music streaming ✓ Cable TV Operators are developing OTT services ✓ Cien Radios play: A Menu of digital radios as VOD shifts the way content is consumed. ✓ Sales of programming content
Slide 15: Using technology to better understand our audiences
Broadcasting & Programming Using technology to better understand our audiences Audience Predictive Model ✓ Starting with our central newscast –Telenoche-, using AI and image recognition technology, we developed a cloud- based tool to analyze our programs, classify content and sentiment, cross-refere
Slide 16: Digital & Printed Publications
Digital & Printed Publications We are the leading Media & Publishing franchise in LatAm Digital & Printed Publications 717 thousand digital subs Clarin.com 32 thousand Average Daily paper copies Clarin US$ 179 MM FY25 Revenues Magazines, Supplements National Newspaper Regional Newspapers Other P&P &
Slide 17: Digital & Printed Publications: Key figures
Digital & Printed Publications Key figures Revenue breakdown* Key Ratios2 9M25 vs 9M24 % Revenues Others 51.4% 50.1% 43.8% 44.1% Printing 6% Advertising 5% 22% 656.9 646.5 40.8 34.5 FY24 FY25 FY24 FY25 Average Copies ´000 Paywall paying subs ‘000 I n v e s t o r Pr e s e n t a t i o n - M a r c h 2
Slide 18: Digital transformation: Digital advertising
Digital & Printed Publications Digital transformation Digital advertising ✓ Powered by innovation and exclusive add formats (like interactive fake landing pages), digital advertising has become the main source of advertising revenues, around 80% of the total. Digital/Total Advertising Digital/Total
Slide 19: Digital transformation: Paywall
Digital & Printed Publications Digital transformation Paywall ✓ From the launch of Clarin.com Paywall in 2017 our paid digital subscribers have increased exponentially, confirming the value of our journalistic content. ✓ Since then, we launched Paywalls for other publications, such as the sports pub
Slide 20: Digital transformation: Data powered newsroom
Digital & Printed Publications Digital transformation Data powered newsroom ✓ Advanced analytics in real time. Decision boards. ✓ AI models to complement and facilitate journalistic work, subscribers capture and advertising sales. I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2 6 Games – Ne
Slide 21: Others
Others GCGC leader in outsourcing and technology solutions Others US$26 MM FY25 Revenues * Outsoursing Insurance Human Resources Technology Solutions Outsourcing and digital transformation Corporate Insurance IT Consulting, cloud services, SAP I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2
Slide 22: Unconsolidated Subsidiaries
Unconsolidated Subsidiaries Our relevant unconsolidated subsidiaries Exhibitions and Fairs Paper Mill ✓ Our main Fair ExpoAgro, dedicated to ✓ Shifting from newsprint paper to packaging Agribusiness paper with versatile and innovative products I n v e s t o r Pr e s e n t a t i o n - M a r c h 2 0 2
Slide 23: Investor Presentation March 2026
Investor Relations: Investor Presentation http://www.grupoclarin.com/ir March 2026