Postmedia Network Canada Corp. Class C · TSX:PNC.A
Postmedia Network Canada Corp. Class C — Q2 2011 Earnings Presentation
8 slides from Postmedia Network Canada Corp. Class C's earnings presentation, Apr 8, 2011
Slide 1: Q2 F2011 Investor and Analyst Conference Call
Postmedia Network Canada Corp. Q2 F2011 Investor and Analyst Conference Call April 8, 2011
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes information intended or deemed to be “forward-looking information” including in respect of the Company’s digital first strategy and initiatives and expected incremental annual revenue as a result thereof, transformation projects and related annua
Slide 3: Q2 Highlights
Q2 Highlights Operating Results • Consolidated revenue declined 4.7% versus the same quarter in the prior year. YTD consolidated revenue is down 2.1%. • Revenue affected by loss of G&M printing contract and Olympic revenue in prior yr. • Operating profit before amortization, restructuring and other
Slide 4: Q2 Fiscal 2011 – Financial Highlights
Q2 Fiscal 2011 – Financial Highlights Three months ended February 28 Six months ended February 28 (in thousands of Canadian dollars) (in thousands of Canadian dollars) Postmedia Canwest LP % Change Postmedia Canwest LP % Change 2011 2010 (1) vs Prior 2011 2010 (1) vs Prior Revenues Print advertising
Slide 5: Q2 Fiscal 2011 – Factors affecting Revenue
Q2 Fiscal 2011 – Factors affecting Revenue Change vs. Prior Year for Key Revenue Categories Revenue Category 3 months ended 3 months ended 6 months ended Nov 30, 2010 Feb 28, 2011 Feb 28, 2011 National print advertising + 9% - 6% + 2% Retail print advertising - 5% - 7% - 6% Classified print advertis
Slide 6: Restructuring Update
Restructuring Update • Reduced FTEs by approximately 700 (13%) since completion of transaction in July. • Reductions achieved by variety of initiatives including: outsourcing, centralization, voluntary and involuntary buyouts. • Transformation initiatives implemented to February 28, 2011 are expecte
Slide 7: Liquidity and Covenants
Liquidity and Covenants • Cash at February 28, 2011 of $14 million. • Revolver remains undrawn. • Consolidated Indebtedness for covenant purposes of $647 million (hedged portion converted to CDN $ at hedged rate of US$1:CDN$1.035). • Debt repayment in Q2 of $12.4 million including voluntary prepayme
Slide 8: Postmedia Network Canada Corp.
Postmedia Network Canada Corp. Q2 F2011 Investor and Analyst Conference Call April 8, 2011
Postmedia Network Canada — Q2 2011 Earnings Presentation on 6ix