Vocento, S.a. · BME:VOC

Vocento — Q1 2009 Earnings Presentation

14 slides from Vocento's earnings presentation, May 14, 2009

  1. Slide 1: 1Q09 Results

    1009 Results 14 May 2009 ver, escuchar, leer y sentir.

  2. Slide 2: 1Q09 Highlights

    1Q09 Highlights ƒ Internet and Press advertising outperforms the market: - Internet +23.9% vs. +1.8% for the market (IAB 1Q09), regional and national press (-28.1% and -29.4% respectively) vs. -31.2% for the market (Arce Media 1Q09) ƒ EBITDA maintained at €6.0m ex non-recurring costs, levels of 1Q08

  3. Slide 3: Highlights by business area

    Highlights by business area ƒ Leadership of Print Media and strict cost controls (1Q09 ex-no rec. -11.6%) - Press leadership with 5.4m readers1 - ABC increases circulation for 6th consecutive quarter (1Q09 +8.8%2 vs. Market -11.8%), with lower add-ons expenses -10,1% vs 1Q08 and compatible with a be

  4. Slide 4: Ready to face the challenges and to emerge a stronger group

    Ready to face the challenges and to emerge a stronger group ƒ Sound balance sheet and restructuring capacity - Solid balance sheet Strengths for Strengths for the Economic Economic - Assets already written down the Cycle ƒ Cost controls beginning back in 2008 Cycle ƒ Outperforming the advertising ma

  5. Slide 5: 1Q09 Results

    1Q09 Results “S 1

  6. Slide 6: Consolidated Profit and Loss Account 1Q09

    Consolidated Profit and Loss Account 1Q09 ƒ Revenues €184.4m: NIIF - Circulation revenues (+3.0%): ABC (+16.7%), €m 1Q09 1Q08 Var % Regional Press (+2.3%) Circulation revenues 69.5 67.5 3.0% - Advertising (-28.3%): outperforming the market in press and Internet Advertising revenues 65.5 91.3 (28.3%)

  7. Slide 7: Consolidated Balance Sheet at 31 March 2009

    Consolidated Balance Sheet at 31 March 2009 NIIF NIIF 1Q09 2008 1Q09 2008 Non current assets 685.9 715.4 Shareholders equity 536.5 561.9 Intangible assets 237.9 241.6 Plant, property and equipm. 211.4 215.0 Total liabilities 443.5 500.5 Equity accounted investments 19.2 19.1 Financial debt 137.9 177

  8. Slide 8: Print Media

    Print Media Revenues Highlights (€ m) ƒ Press leadership: 5.4m readers (EGM 1st survey 09). ABC 148.9 only national daily that increases readership EGM 2009, Qué! 7.0 127.0 >2m readers and Suppl. and Magazines consolidating 19.2 4.6 leadership, 6.7m readers 14.2 ƒ Revenues €127.0m: 41.2 39.6 - Circu

  9. Slide 9: Continued growth of ABC circulation

    Continued growth of ABC circulation Performance of circulation of ABC vs. national press market1 (%) 16.5% 14.1% 8.8% Average Var % 7.2% 4.4% circulation YoY 2.8% 1Q08 249,662 4.4% 1.1% 2Q08 263,552 14.1% 3Q08 238,993 16.5% (5.1%) (5.8%) 4Q08 254,358 7.2% (11.8%) 1Q09 271,671 8.8% 1Q08 2Q08 3Q08 4Q0

  10. Slide 10: Audiovisual

    Audiovisual Revenues Highlights (€ m) ƒ Disney Channel consolidates leadership: 3.1% share of 32.7 DTT and 2nd thematic channel in TNS Sofres ranking 26.3 Mar09. TDT reaches a 57.3% penetration (+25.5 p.p. vs 1st EGM08) and >9 million households 23.8 16.1 ƒ Revenues €26.3m (-19.5%): activity delay a

  11. Slide 11: Internet

    Internet Revenues Highlights (€ m) 15.3 ƒ VOC consolidates its leadership in the media sector1 in 12.9 March and April according to Netview ranking 7.2 5.2 ƒ Revenues €12.9m: impact of the crisis in employment, 4.1 3.1 real estate and automotive markets, and perimeter effect 0.9 1.0 in B2B (La Trast

  12. Slide 12: Other Businesses

    Other Businesses Revenues Highlights (€ m) 53.8 53.2 2.9 2.5 7.6 7.5 43.6 43.5 ƒ Operating Revenues €53.2m (-1.1%), reflecting the ties of the Printing and Distribution business to the Print Media (0.4) (0.3) area ƒ EBITDA €2.9m (-18.3%) EBITDA - Printing €2.5m: fall in business offset by lower cost

  13. Slide 13: Legal Disclaimer

    Legal Disclaimer This document contains statements that constitute forward looking statements in its general meaning and within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this document and include statements regarding future

  14. Slide 14: Thank You

    Thank You Investors and Shareholders Relations Department C/ Juan Ignacio Luca de Tena, 7 28027 Madrid Tel.: +34 91.339.98.09 Fax: +34 91.742.63.52 e-mail: ir@vocento.com 14

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