Prosiebensat.1 Media Se · XETR:PSM
Prosiebensat.1 Media — Q3 2016 Earnings Presentation
21 slides from Prosiebensat.1 Media's earnings presentation, Nov 3, 2016
Slide 1: Q3 2016 Press Presentation
The power of television November 3, 2016 Q3 2016 Press Presentation | October 13, 2016 |
Slide 2: Q3 2016 – At a Glance
The power of television November 3, 2016 Q3 2016 – At a Glance Thomas Ebeling Chief Executive Officer | November 3, 2016 |
Slide 3: Key financials in Q3 2016
Press Presentation – At a Glance Key financials in Q3 2016 [Q3 2016 vs. Q3 2015; in EUR m] Revenues 857 +15% Recurring EBITDA 202 +13% Underlying net income 87 +11% | November 3, 2016 | Continuing operations 3
Slide 4: Q3 2016: Group revenue growth driven by all segments
Press Presentation – At a Glance Q3 2016: Group revenue growth driven by all segments Ext. segment revenues [in EUR m; growth rates in %] Broadcasting German- Digital Ventures & Content Production & Digital Entertainment speaking Commerce Global Sales +2% +23% +44% +34% [in EUR m] 465 472 181 125 99
Slide 5: 2018 Group revenue growth target and achievement by Q3 2016
Press Presentation – At a Glance 2018 Group revenue growth target and achievement by Q3 2016 2018 Group revenue and rec. EBITDA target 2018 segment revenue targets [in EUR m] [in EUR m] 4,506 3,631 2,356 2,301 2,188 1,926 1,145 1,172 983 745 655 563 447 470 328 227 108 95 ProSiebenSat.1 Group Rec. E
Slide 6: Q3/9M 2016 – Financial Performance
The power of television November 3, 2016 Q3/9M 2016 – Financial Performance Dr. Gunnar Wiedenfels Chief Financial Officer | November 3, 2016 |
Slide 7: Q3/9M 2016: Group P&L – improvement of all key metrics
Press Presentation – Financial Performance Q3/9M 2016: Group P&L – improvement of all key metrics [in EUR m] Q3 2016 Q3 2015 Δ 9M 2016 9M 2015 Δ Revenues 857 747 +15% 2,545 2,174 +17% Recurring EBITDA 202 178 +13% 626 568 +10% Non-recurring items -13 -11 +15% -18 -30 -40% EBITDA 188 166 +13% 608 538
Slide 8: Financial leverage at the end of Q3 2016 reflects M&A activity
Press Presentation – Financial Performance Financial leverage at the end of Q3 2016 reflects M&A activity Net financial debt Net debt [in EUR m] 3,000 2.5x 2,500 2.2x 466 2,000 1,500 2,419 1,000 1,953 500 0 30/09/2015 Change 30/09/2016 Financial leverage | November 3, 2016 | Financial leverage: Net
Slide 9: Q3 2016 – Operational Performance
The power of television November 3, 2016 Q3 2016 – Operational Performance Thomas Ebeling Chief Executive Officer | November 3, 2016 |
Slide 10: Positive TV ad performance
Press Presentation – Operational Performance Positive TV ad performance Slight growth of P7S1 German-speaking TV advertising revenues in Q3 Continued increase of TV share in media mix1) Continued positive pricing development Growing number of addressable TV campaigns | November 3, 2016 | 1) Source:
Slide 11: German net TV ad market estimates 2016
Press Presentation – Operational Performance We assume more conservative TV ad market growth as industry analysts German net TV ad market estimates 2016 +3.7% +3.0% +4.6% +2% plus (previously +2-3%) ProSiebenSat.1 internal market estimate Source: Warc International Ad Forecast 2016 (August 2016); Ze
Slide 12: Macro indicators signal economic improvement after Brexit referendum
Press Presentation – Operational Performance Macro indicators signal economic improvement after Brexit referendum IFO Business Expectations Index Markit German Services PMI YTD 2016 YTD 2016 Brexit referendum: Brexit referendum: 108 06/26/2016 56 06/26/2016 106 55 54 104 53 102 52 100 51 98 50 96 49
Slide 13: Extension of long-term cable distribution partnership
Press Presentation – Operational Performance Extension of long-term cable distribution partnership | November 3, 2016 | | Page 13 13
Slide 14: We continue to successfully expand our strong Digital V&C portfolio
Press Presentation – Operational Performance We continue to successfully expand our strong Digital V&C portfolio Online Travel Online Price Online Dating Lifestyle Comparison Commerce 7NXT | November 3, 2016 | 1) Strategic minority investment, closing envisaged in Q4 2016; 2) Stake raised from 29% t
Slide 15: We invested in the fast growing online comparison portal KäuferPortal
Press Presentation – Operational Performance We invested in the fast growing online comparison portal KäuferPortal 42% P7S1 stake1) Home Service Finance Indoor Outdoor Real estate Pension Plan Insurance KäuferPortal is the leading specialized online marketplace for complex investment goods and servi
Slide 16: Parship as lighthouse investment in attractive Matchmaking segment
Press Presentation – Operational Performance Parship as lighthouse investment in attractive Matchmaking segment Key players in Matchmaking segment1) Investment rationale Attractive market with CAGR of >+10%2), high single-digit growth going forward #1 High-margin and asset-light consumer subscriptio
Slide 17: etraveli is delivering strong revenue growth in existing and new markets
Press Presentation – Operational Performance etraveli is delivering strong revenue growth in existing and new markets etraveli’s international operations New in Q3 Existing Successful low cost internationalization Effective scale up of operations 5 Increased ancillary revenues2) new countries launch
Slide 18: Our Online Price Comparison vertical more than doubled its revenues
Press Presentation – Operational Performance Our Online Price Comparison vertical more than doubled its revenues External revenues Revenue drivers [in EUR m] +172% >+100% Successful growth in energy price 23 comparison segment despite seasonally low switching activity in Q3 Significant conversion ra
Slide 19: We confirm our positive full-year guidance
Press Presentation – Outlook We confirm our positive full-year guidance Group revenue growth to exceed +15% German TV ad market to grow 2% plus in 2016 P7S1 TV ad revenue growth slightly below market Digital Entertainment and Digital Ventures & Commerce with double-digit revenue growth Recurring EBI
Slide 20: Disclaimer
Disclaimer This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1") or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or ProSiebenSat.1 Group's financial position, business strategy, plans and objecti
Slide 21: | November 3, 2016 |
ProSiebenSat.’ MediaSE | November 3, 2016 |