Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q1 2024 Earnings Presentation
12 slides from Corus Entertainment Inc. Class B's earnings presentation, Jan 12, 2024
Slide 1: Fiscal 2024 First Quarter Earnings Conference Call
Fiscal 2024 First Quarter Earnings Conference Call Friday, January 12, 2024 | 8 a.m. ET
Slide 2: Cautionary Statement
Cautionary Statement 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 contain information that is not historical, these statements are forward-looking statements and may be f
Slide 3: Q1 Fiscal 2024 Key Financial Highlights
Q1 Fiscal 2024 Key Financial Highlights $370 $121 million million consolidated revenue consolidated segment profit1 $24 3.67x million proforma net debt to free cash flow1 segment profit1,2 1 This is a non-GAAP financial measure and does not have a standardized meaning prescribed by IFRS. Refer to th
Slide 4: Powerhouse Schedule Returns
Powerhouse Schedule Returns Note: Schedule reflects returning programming on Global in Feb/Mar- 2024 Fiscal 2024 First Quarter Earnings Conference Call | 4
Slide 5: New Platform Revenue
New Platform Revenue 1 14% Q1 Fiscal 2024 New Platform % of TV Advertising and Subscriber Revenues 12% Revenue1 of $38 million 12% 10% •R eflects progress on Corus’ participation in rapidly growing streaming distribution 8% platforms and digital video advertising 6% markets 4% •C ombines subscriber
Slide 6: Q1 Fiscal 2024 Consolidated Results
Q1 Fiscal 2024 Consolidated Results • Revenues reflect impact of challenging macroeconomic environment and scripted program supply disruption on advertising demand and lower subscriber revenue • Segment profit1 reflects lower advertising and subscriber revenue, partially offset by lower programming
Slide 7: Q1 Fiscal 2024 Television Results
Q1 Fiscal 2024 Television Results •A dvertising revenue impacted by challenging macroeconomic conditions and scripted program supply disruption •S ubscriber revenues reflect lower traditional TV system subscribers and relatively resilient streaming subscribers •D istribution, production and other re
Slide 8: Q1 Fiscal 2024 Radio Results
Q1 Fiscal 2024 Radio Results •A dvertising revenue impacted by challenging macroeconomic conditions •S egment profit1 reflects lower advertising revenue (in millions of dollars except percentages) Q1-2024 %Chg Segment revenue 27 (7) Segment profit1 5 (25) Segment profit margin1 17% (-3 pts) 1 This i
Slide 9: Debt Repayment in Focus
Debt Repayment in Focus • Corus has been very proactive in improving its debt profile to maintain financial flexibility Debt Outstanding1 $1,999 Debt Outstanding $1,999 $1,745 Bank Debt Bonds $1,745 $1,516 Bank Debt Bonds Highlights $1,516 $1,366 $1,366 $1,256 $1,256 $1,087 $1,084 Millions $1,087 $1
Slide 10: Global TV Celebrates 50 Years
Global TV Celebrates 50 Years Fiscal 2024 First Quarter Earnings Conference Call | 10
Slide 11: Outlook
Outlook • Powerhouse Global TV primetime schedule returns • Ongoing expansion of digital and streaming platforms • Advancement of cross-platform monetization capabilities • Streamlining operating model to drive efficiencies and reduce costs • Focus on debt reduction to improve financial flexibility
Slide 12: Fiscal 2024 First Quarter Earnings Conference Call Q&A
Fiscal 2024 First Quarter Earnings Conference Call Friday, January 12, 2024 | 8 a.m. ET Q&A