18 slides from Corus Entertainment Inc. Class B's earnings presentation, Oct 18, 2019
Slide 1: Fiscal 2019 Fourth Quarter and Year-End Earnings Conference Call
Fiscal 2019 Fourth Quarter and Year-End Earnings Conference Call Friday, October 18, 2019 | 8 a.m. ET
Slide 2: Safe Harbour Disclosure Forward-looking Statements
Safe Harbour Disclosure Forward-looking Statements This presentation contains forward-looking information and should be read subject to the following cautionary language: To the extent any statements made in this presentation contains information that is not historical, these statements are forward-
Slide 3: Key Fiscal 2019 Highlights
Key Fiscal 2019 Highlights TV advertising TV advertising revenue in Q4 2019 revenue in fiscal 2019 4% 7% strong free cash flow in fiscal 2019 of net debt to segment profit $310 2.82x million as at August 31, 2019 Fiscal 2019 Fourth Quarter Earnings Conference Call | 3
Slide 4: Fall Schedule
Fall Schedule top 1 45 of television series in Canada this fall #1 new drama this fall Powerhouse network with strong schedule Source: 1 Numeris PPM Data, Total Canada, Premiere Week (Sep 23 – Sep 29/19) confirmed data, Ind. 2+ unless otherwise stated, AMA(000), CDN COM ENG Conventional Networks Fis
Slide 5: Specialty Television
Specialty Television top 1 35 of specialty television series in Canada this fall Source: 1 Numeris PPM Data, Total Canada, Aug 26 – Sep 29/19 confirmed data, A25-54, AMA(000), 2+ airings, CDN SPEC COM ENG Fiscal 2019 Fourth Quarter Earnings Conference Call | 5
Slide 6: Portfolio Optimization
Portfolio Optimization has more than doubled its audiences Multi-platform channel deal with Crown Media since launch vs. prior legacy brand1 Network’s iconic Hallmark Channel contributed to 13% audience growth on W Network2 Source: 1 Numeris PPM Data, Total Canada, Apr 1 – Sep 29/19 vs. Apr 1 – Sep
Slide 7: New Platforms and New Audiences
New Platforms and New Audiences Initial uptake of STACKTV on Amazon Prime Video Channels in Canada is encouraging Fiscal 2019 Fourth Quarter Earnings Conference Call | 7
Slide 8: Global TV Delivers Premium Content Everywhere
Global TV Delivers Premium Content Everywhere mobile apps web connected tv Long-form ad supported VOD is in high demand with advertisers Fiscal 2019 Fourth Quarter Earnings Conference Call | 8
Slide 9: Expand Short Form Content Offerings
Expand Short Form Content Offerings fueled with inals ls Building opportunities in short-form content Fiscal 2019 Fourth Quarter Earnings Conference Call | 9
Slide 10: Progress in Ad Tech
Progress in Ad Tech Common Audience Segments Audience segment selling is critical to future of TV Fiscal 2019 Fourth Quarter Earnings Conference Call | 10
Slide 11: Owning More Content
Owning More Content Nelvana signifinicantly increased production slates in fiscal 2019 Fiscal 2019 Fourth Quarter Earnings Conference Call | 11
Slide 12: Owning More Content
Owning More Content STUDIOS STUDIOS BRINGING AUDIENCES HOME Fire Masters Big Rig Warriors $ave My Reno Salvage Kings Corus Studios significantly increased production slates in fiscal 2019 Fiscal 2019 Fourth Quarter Earnings Conference Call | 12
Slide 13: Fiscal 2019 Fourth Quarter and Year-End Results
Fiscal 2019 Fourth Quarter and Year-End Results • Consolidated revenues were consistent for the quarter and increased 2% for the year, driven by continued strong performance in Television advertising revenues - up 4% for the quarter and 7% for the year • Consolidated segment profit1 was down 4% for
Slide 14: Fiscal 2019 Fourth Quarter and Year-End Results: Television
Fiscal 2019 Fourth Quarter and Year-End Results TELEVISION • Segment revenues were flat in Q4 2019 and increased 3% for the year • Advertising revenues increased 4% in Q4 2019 and 7% for the year • Subscriber revenues were down 4% in Q4 2019 and 2% for the year • Merchandising, distribution and othe
Slide 15: Fiscal 2019 Fourth Quarter and Year-End Results: Radio
Fiscal 2019 Fourth Quarter and Year-End Results RADIO • Segment revenues decreased 2% in Q4 2019 and 4% for the year • Segment profit1 decreased $1.5 million in Q4 2019 and $5.7 million for the year egment profit margin1 of 20% in Q4 2019 and 24% for the year, compared to •S 25% and 27%, respectivel
Slide 16: Significant Progress on De-leveraging
Significant Progress on De-leveraging 3.46x 3.28x net debt 2.82x to segment profit Q4•2017 Q4•2018 Q4•2019 Fiscal 2019 Fourth Quarter Earnings Conference Call | 16
Slide 17: Building for the Future
Building for the Future Portfolio Optimization New Distribution Channels Short-Form Content fueled with Originals Fiscal 2019 Fourth Quarter Earnings Conference Call | 17
Slide 18: Fiscal 2019 Fourth Quarter and Year-End Earnings Conference Call
Fiscal 2019 Fourth Quarter and Year-End Earnings Conference Call Friday, October 18, 2019 | 8 a.m. ET Q&A