Entravision Communications Corporation · NYSE:EVC
Entravision Communications — 11th Annual East Coast IDEAS Investor Conference 2021
28 slides from Entravision Communications's conference presentation, Jun 16, 2021
Slide 1: East Coast IDEAS Conference
East Coast IDEAS Conference June 16, 2021 Chris Young Entravision Chief Financial Officer
Slide 2: About this presentation
About this presentation Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. The company has previously provided a reconciliation between these non-GAAP financial measures and the most directly comparable GAAP measure. That reconciliation was included in t
Slide 3: About Entravision
About Entravision Entravision’s Growing Global Footprint Entravision is a diversified global marketing, technology and digital media company serving clients throughout the United States and in more than 20 countries across Latam, Europe and Asia. Our dynamic portfolio of services spans the television
Slide 4: Investment Highlights
Investment Highlights Solid Financial Significant & Growing Long-Term Position Target Market Television Contracts ❏ Strong Free Cash-Flow conversion (92% of EBITDA for Q121) ❏ U.S. Latino + Latam growing ❏ Entravision is Univision’s largest TV ❏ Solid liquidity > $166M in cash & market ($2.3T by 2024
Slide 5: Significant and Growing Target Market
Significant and Growing Target Market US Latino Market Highlights Young & Influential Growing Latino Population ❏ $1.7T Dollar Market; expected to top $2.3T by 2024 [1]. 111.2M ❏ 62.3M U.S. Latinos in 2020 (111.2M in 99.8M 87.6M 2058). The largest U.S. ethnic or racial 74.8M group [1]. 62.3M ❏ 31% of
Slide 6: Experienced Management Team
Experienced Management Team Walter Ulloa Karl Alonso Meyer Chairman & CEO Chief Revenue Officer Entravision founder. 40+ years of Deep broadcasting knowledge. 30+ years of experience in Spanish language experience in broadcasting, radio, television, broadcast. digital and advertising. 24 years at Entr
Slide 7: Entravision Operating Segments
Entravision Operating Segments
Slide 8: Entravision's Three Business Segments
Entravision’s Three Business Segments Interactive Television Radio Digital 21 Countries 55 TV Stations in the U.S. 48 Radio Stations in the U.S. Global programmatic, Big-Tech Owned Newscasts in 21 markets with Very strong talent and influencer pool and representations, performance, local SMB speciali
Slide 9: Entravision Digital Revenue Evolution
Entravision Digital Revenue Evolution Entravision Digital Revenue 2012-2021 $231.5 (USD Millions) $143.3 $81.0 $4.1 $12.7 $23.1 2012 2014 2016 2018 2020 Q1-2021 LTM Revenue Share 2% 5% 9% 27% 42% 54% Countries 1 2 2 14 21 21 Capabilities - CPM - CPM - CPM / CPA / CPI - CPM / CPA / CPI - CPM / CPA /
Slide 10: Entravision Digital EBITDA Growth
Entravision Digital EBITDA Growth EBITDA Q1-2021 EBITDA LTM Q1 2021 USD millions USD millions $8.4* $2.6* -$2.5 -$2.2 Q1 2020 Q1 2021 Q1 2020 Q1 2021 10 * Excluding EBITDA attributable to redeemable noncontrolling interest.
Slide 11: Entravision Interactive Business Segments Focus
Entravision Interactive Business Segments Focus Our Unique Offering Partnerships & Business Units Global Big-Tech - Local sales in 17 countries Partnerships - Proven performance - Proprietary technology (DSP) Programmatic - Mobile & big data expertise - Brand solutions in +120 countries - Sellers in
Slide 12: Digital Segment Industry Growth Drivers
Digital Segment Industry Growth Drivers Global Digital Ad Spend US Programmatic Ad Spend Global App User Spend USD Billions USD Billions USD Billions 13% 19% CAGR 21% CAGR CAGR $700 $270 $133 $378 $75 $111 2020 2025 2020 2023 2020 2025 Mobile share from total digital: 73% 77% Source: eMarketer, “Dig
Slide 13: A leading digital advertising company serving Latin American and U.S. Hispanic markets
i) Big Tech sales partnerships in 17 Latam countries: A leading digital advertising company serving the Latin American and U.S. Hispanic markets ii) Owned branding products and technology: Founded 2010 Headquartered in Miami, FL. Digital audio advertising solutions Mobile advertising solutions 1st D
Slide 14: Cisneros Interactive Growth and Markets
Cisneros Interactive Growth and Markets Miami Dominican Republic Mexico Revenue EBITDA[1] Puerto Rico USD millions USD millions Guatemala El Salvador +120% Costa Rica Panama Colombia $88.5 +241% Ecuador $5.8 Peru $40.2 Brazil Bolivia $1.7 Chile Paraguay Q1 2020 Q1 2021 Q1 2020 Q1 2021 Argentina Urug
Slide 15: Television Segment
Television Segment Univision and UniMás Drive 58%+ of the Spanish Language Viewing in EVC Markets Full-week audience share, Adults 18-49[3] 55 Early and late Local TV newscasts produced 1.4% primary stations in 21 local US 2.1% Univision largest affiliate group markets 38.1% 44.2% 13M+ 4.6M Households
Slide 16: Television Segment Growth Drivers
Television Segment Growth Drivers News Consumption by Hispanics Outpaces News Consumption by Entravision Local News Non-Hispanics[2] April 2021[1] Average weekly time spent per adult Growth Q2-2020 vs Q2-2019 Early News - 20 Markets +66% #1 or #2 regardless of language in 12 markets. +47% Month-to-m
Slide 17: Radio Segment
Radio Segment 48 361 17 96% O&O Radio Network U.S. Latino Stations Affiliates Markets Coverage Nationally Syndicated Shows – Iconic Talent ▪ Top Brand Name Talent driving ratings ▪ Network programming (Piolin and Lucas) ▪ Majority of content created in LA Media Center Unique Specialty Stations SPANISH
Slide 18: Entravision Financials
entravision Entravision Financials
Slide 19: Q1-2021 Financials Update
Q1-2021 Financials Update Entravision EBITDA Q1-2021 USD millions +47% YoY $14.2 $9.7 Q1 2020 Q1 2021 19
Slide 20: Solid Balance Sheet
Solid Balance Sheet Total Net Leverage as of March 31, 2021 Actuals in USD Millions Concept Cash & Marketable Securities $165.7 Notes $0.0 Other Debt $214.5 Total Debt $214.5 TTM Consolidated Adjusted EBITDA $64.9 Total Leverage Per Credit Agreement 2.15x Total NET Leverage (net of all cash) 0.75x 2
Slide 21: Q2-2021 Pacing
Q2-2021 Pacing Entravision Q2-2021 Pacing As of Q1-2021 earnings call on May 6, 2021 Q2-2021 Digital (1) +115% TV +44% Radio +84% (1) Includes revenue of $42.0M from Cisneros Interactive in Q2 2020 21
Slide 22: Recently Announced Acquisition: MediaDonuts
Recently Announced Acquisition: MediaDonuts
Slide 23: Leading Digital Marketing and Advertising Company in Southeast Asia
Leading Digital Marketing Big Tech representations and Advertising Company in Southeast Asia Founded in 2010 Headquartered in Singapore 7 countries, +500 clients In-house performance & branding agency solutions Full acquisition by Entravision to be Campaign Campaign Media Buying completed by July 1s
Slide 24: MediaDonuts Growth and Presence
MediaDonuts Growth and Presence* Revenue EBITDA USD millions USD millions +120% +13x $28.2 $4.0 India Thailand Vietnam $12.8 Philippines Malaysia $0.3 Singapore Indonesia 2019 2020 2019 2020 24 * Unaudited results.
Slide 25: Appendix
Aentravision Appendix
Slide 26: Growth in Political Ad Revenue
Growth in Political Ad Revenue Entravision Political Net Revenue, 2006-2020 USD Millions $28.8 $16.5 $12.2 $10.7 $9.3 $8.1 $7.0 $5.4 0.9 4.5 $0.9 $1.1 $0.5 $0.1 $0.7 $0.3 $0.3 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 % of Total Net Revenue: 2% 0% 3% 0% 4% 0% 7% 0% 4
Slide 27: Radio & TV And Latino Population Across The US
Radio & TV And Latino Population Across The US Growing Latino Demographic Boston, MA Overall Latino population Springfield, MA growing faster than Sacramento, CA non-Latino population Modesto, CA Hartford, CT and is expected to reach 87.6 million by 2040 Reno, NV Stockton, CA Aspen, CO 2014 Hispanic
Slide 28: Top Ranked Local News
Top Ranked Local News Focusing on issues relevant to Latinos, Entravision’s local newscasts are #1 or #2 in 12 markets among ALL 18-49 viewers, regardless of language HISPANIC MARKET EARLY NEWS NEWS DMA STATION ADULT 18-49 RATING RANK (2021) TP RANK 10 Orlando WVEN #2 tie 0.6 11 McAllen KNVO #1 2.0
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