Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Shareholder Meeting (January 2024)
24 slides from Corus Entertainment Inc. Class B's shareholder meeting presentation, Jan 18, 2024
Slide 1: Annual General Meeting of Shareholders 2024
Annual General Meeting of Shareholders 2024 Thursday, January 18, 2024 | 1 p.m. MT | 3 p.m. ET
Slide 2: Opening Remarks
Opening Remarks Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 2
Slide 3: CEO Remarks
CEO Remarks Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 3
Slide 4: 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 5: Our long-term strategy: Video First Fit for the Future
Our long-term strategy Video First Fit for the Future Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 5
Slide 6: Powerhouse Schedule Returns
Powerhouse Schedule Returns Note: Schedule reflects returning programming on Global in Feb/Mar 2024 Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 6
Slide 7: New Platform Revenue Growth
New Platform Revenue Growth New Platform Fiscal 2023 New Platform 14% Revenue1 13% Revenue1 of $146 million % of TV Advertising and Subscriber Revenues 12% 50% • Reflects progress on Corus’ participation in rapidly growing streaming 10% 40% distribution platforms and digital video advertising market
Slide 8: Growing Our Content Business
Growing Our Content Business Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 8
Slide 9: Debt Repayment in Focus
$1,745 Bank Debt Bonds $1,516 $1,366 $1,256 $1,087 $1,084 C$ Millions Debt Repayment in Focus • Corus has2018 been very 2019 proactive in improving 2020 2021 2022 its debtF24Q1 2023 profile to maintain financial flexibility Fiscal Year Highlights Debt Maturity Pro�le $915 Reduction in total 600 mill
Slide 10: Fiscal 2023 Key Financial Highlights
Fiscal 2023 Key Financial Highlights $1,51 1 million consolidated revenues $107 million free cash flow1 $334 million consolidated segment profit1 3.62x proforma net debt to segment profit1,2 1 This is a non-GAAP financial measure and does not have a standardized meaning prescribed by IFRS. Refer to
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: Call to Order
Call to Order Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 12
Slide 13: Appointment of Scrutineer
Appointment of Scrutineer Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 13
Slide 14: Tabling Notice of Meeting
Tabling Notice of Meeting Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 14
Slide 15: Scrutineer's Report
Scrutineer’s Report Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 15
Slide 16: Formal Business of Meeting
Formal Business of Meeting Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 16
Slide 17: Financial Statements
Financial Statements Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 17
Slide 18: Election of Directors
Election of Directors Polls are open Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 18
Slide 19: Appointment of Auditors
Appointment of Auditors Polls are open Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 19
Slide 20: Polls are Closed
Polls are Closed Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 20
Slide 21: Preliminary Results of Voting
Preliminary Results of Voting Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 21
Slide 22: Chair's Concluding Remarks
Chair’s Concluding Remarks Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 22
Slide 23: Conclusion of Formal Part of Meeting
Conclusion of Formal Part of Meeting Corus Entertainment Virtual Annual General Meeting of Shareholders 2024 | 23
Slide 24: Annual General Meeting of Shareholders 2024
Annual General Meeting of Shareholders 2024 Thursday, January 18, 2024 | 1 p.m. MT | 3 p.m. ET
Corus Entertainment — Shareholder Meeting (January 2024) on 6ix