Agora Sa · GPW:AGO
Agora Sa — Q1 2011 Earnings Presentation
14 slides from Agora Sa's earnings presentation, May 2011
Slide 1: Agora SA Investor presentation: Financial and market performance 1Q 2011
Agora SA Investor presentation Financial and market performance 1Q 2011
Slide 2: Small growth of advertising market
Small growth of advertising market Quarterly ad spend performance Quarterly performance of ad market segments 48% yoy % change 10% yoy % change +7. +7.5% Internet +6. +6.5% 40% Television¹ +4. +4.5% +2.5% 2.5% 32% 24% Magazines 0% 16% Radio 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 8% Outdoor 0%
Slide 3: Change of advertising market estimates
Change of advertising market estimates Quarterly performance of ad market segments in 1Q2011 (vs Change of advertising market estimates for 2011 1Q2010) 24% yoy % change 24% yoy % change 21% 18% 18% 13-15% 13-15% 11-13% 11.5% 12% 12% 6-8% 6-8% 6-7% 5-6% 3-5% 3-5% 3-5% 3-5% 6% 6% 2-4% 2.5% 0-2% 2% 0%
Slide 4: Financial performance of the Group
Financial performance of the Group PLN million 1Q 2011 1Q 2010 yoy change Growth of revenues caused by Revenues, incl.: 295.8 248.1 19.2% consolidation in the Group’s results the revenues of Helios group. - advertising 157.8 159.3 (0.9%) The decrease results mainly from lower - copy sales 51.1 53.3
Slide 5: Segment performance: Newspapers
Segment performance: Newspapers (Gazeta, Metro, Special Projects, Printing Division) Financial performance¹ PLN million 1Q 2011 1Q 2010 yoy change The decline in revenues caused Revenues, incl.: 144.4 156.3 (7.6%) mainly by limited expenditure in the following advertising categories: automotive, tel
Slide 6: Position of Gazeta in dailies segment
Position of Gazeta in dailies segment Copy sales of dailies¹ Weekly readership reach in 1Q 2011¹ 600 thou. copies No. of readers Fakt 4.3 million 14.3% 450 Gazeta Wyborcza 4.2 million 13.9% 403 K Super Express 2.1 million 7.0% 300 312 K Metro 1.8 million 5.9% 176 K 150 Rzeczpospolita 1.3 million 4.2
Slide 7: Metro and Special Projects
Metro and Special Projects Metro Special Projects Financial performance Financial performance PLN million 8 18 PLN million yoy % change y13.5% yoy % change z15.1% 15 6 12 4 9 2 6 0.7 million -0.3 million 3 1.9 million 0 -1.2 million 0 1Q 2010 1Q 2011 -2 1Q 2010 1Q 2011 -3 Revenue operating EBITDA¹ R
Slide 8: Dynamic growth of revenues in Internet segment
Dynamic growth of revenues in Internet segment Financial results¹ Dynamics of ad expenditure in Internet in 1Q 2011 40% PLN million 1Q 2011 1Q 2010 yoy change 35% yoy % change Revenues, incl.: 25.9 21.2 22.2% - display ads 18.0 13.3 35.3% 29% - incl. Trader.com (Polska) 1.4 0.7 100.0% - vortal ad sa
Slide 9: Outdoor segment improves operating results
Outdoor segment improves operating results Financial results AMS ad market share² PLN million 1Q 2011 1Q 2010 yoy change Increase in advertising AMS revenues in AMS vs outdoor yoy pp and % change 32% Revenues, incl.: 35.8 35.0 2.3% advertising market decline of y4pp over 5% yoy. - advertising 35.0 3
Slide 10: Stable position of magazines
Stable position of magazines Financial results Ad spend structure in monthlies Ringier Axel Springer Gruner+Jahr PLN million 1Q 2011 1Q 2010 yoy change Decrease resulting from yoy pp change 5.1% 8.1% yoy drop in volume 0.4pp 13.3% of magazines sold. Edipresse Revenues, incl.: 17.8 20.5 (13.2%) 3.6p
Slide 11: Segment performance: Radio
Segment performance: Radio Financial performance¹ Radio ad market structure Time PLN million 1Q 2011 1Q 2010 yoy change Group yoy % and pp change 18% Revenues, incl.: 18.0 16.0 12.5% Higher revenues from 0 pp brokerage services and RMF - ad revenues 17.7 15.8 12.0% barter transactions Group 32% Agor
Slide 12: Cinema business in the Agora Group
Cinema business in the Agora Group Number and average price of tickets in the cinemas of Financial performance Helios group PLN PLN million 1Q 2011 3 21 million tickets yoy % change -11% 11% Revenues, incl.: 55.3 +2.6% +2.6% - tickets 41.4 PLN 18.9 - food & beverages 11.5 PLN 16.8 - advertising 2.1
Slide 13: The Group's main objectives in 2011
The Group’s main objectives in 2011 Exploitation of possibilities offered by the Internet to develop new forms and scope of activities in the so – called traditional media segments; Cost control enabling further development of existing businesses and launching new projects; Using internal synergies
Slide 14: Disclaimer
This presentation has been prepared by Agora SA (the "Company"). The data and information contained on the individual slides do not show a complete or coherent financial analysis, nor present the commercial offer of the Company and serve for information purposes only. A detailed description of the b