Grupo Clarin SA Class B · BCBA:GCLA
Grupo Clarin SA Class B — Q1 2019 Earnings Presentation
19 slides from Grupo Clarin SA Class B's earnings presentation, May 24, 2019
Slide 1: First Quarter Results 2019
First Quarter Results 2019 May 24th, 2019
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer Forward Looking Statements Certain information included in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of Grupo Clarín. You can identify forward-looking statements by terms such as “expect”, “bel
Slide 3: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q19 Results - May 24th, 2019
Slide 4: Macroeconomic Environment: Key Indicators
Macroeconomic Environment Key Indicators Consumer Price Index(1) Central Bank Reference Rate(2) % yoy % yoy 51,8 65,0 68,2 47,3 59,3 35,2 35,4 40,0 26,6 24,5 24,5 25,3 27,1 26,3 26,3 28,8 27,3 24,8 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 M
Slide 5: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q19 Results - May 24th, 2019
Slide 6: Income Statement
Income Statement 1Q19 & 1Q18 yoy figures Exhibit 1: Net Sales Exhibit 2: Adjusted EBITDA1 EBTIDA Margin (%) % yoy, AR$ MM % yoy, AR$ MM -18% 5.1 4,993 5.9 -5% 4,109 7.3 253 241 1,920 +122% +3% 231 10 3,151 958 642 149 3,073 3.4 510 1,571 104 221 25 231 1,166 3,073 3,151 2,032 114 104 1,603 44 -206 -
Slide 7: Income Statement
Income Statement 1Q19 & 1Q18, yoy figures EBTIDA Margin (%) Exhibit 4: 1Q18 Exhibit 5: 1Q19 AR$ MM AR$ MM 4,109 4,993 (18%) (20%) 2,591 3,254 1Q19 Results - May 24th, 2019 (14%) 1,486 1,276 5.1 5.9 253 (5%) 241 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Ad
Slide 8: Financial Debt
Financial Debt Exhibit 6: Key Financial Ratios AR$ MM 32.8 MM at 43.4 ARS/ USD 1Q19 1Q18 YoY Total Gross Debt Outstanding* 1,420.6 1,139.6 24.7% Total Gross Debt Incl. Interests** 1,440.0 1,157.9 24.4% Total Net Debt (34,7) (192.5 ) (82.0%) Net Debt/ Adjusted EBITDA1 (0.04x) (0.46x) (92.2%) % US$ De
Slide 9: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q19 Results - May 24th, 2019
Slide 10: Broadcasting & Programming: Revenues & Costs
Broadcasting & Programming Revenues & Costs EBTIDA Margin (%) Exhibit 8: 1Q18 Exhibit 9: 1Q19 AR$ MM AR$ MM 1,916 (14%) 1,638 (15%) 1,224 1,040 (17%) 1Q19 Results - May 24th, 2019 442 13.1 368 14.1 250 (8%) 231 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Ad
Slide 11: Broadcasting & Programming II: Key Ratios
Broadcasting & Programming II Key Ratios Exhibit 10: Key Ratios -5% -7% 37.0 35.2 38.3 35.7 1Q18 1Q19 1Q18 1Q19 Prime Time1 (%) Advertising Share2 (%) 0% 32.9 32.9 1Q19 Results - May 24th, 2019 1Q18 1Q19 Total Time1 (%) (1) Share of broadcast TV audience according to IBOPE for AMBA. Prime time is de
Slide 12: Printing & Publishing: Revenues & Costs
Printing & Publishing Revenues & Costs EBTIDA Margin (%) Exhibit 11: 1Q18 Exhibit 12: 1Q19 AR$ MM AR$ MM 2,600 (18%) 2,119 1,604 1,187 (26%) (14%) 1Q19 Results - May 24th, 2019 886 1,031 (1.4) 2.1 36 46 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expen
Slide 13: Printing & Publishing II: Key Ratios
Printing & Publishing II Key Ratios Exhibit 13: Key Ratios 0% -2% 229 228 57.4 56.2 1Q18 1Q19 1Q18 1Q19 Circulation1 (‘000s) 0% Advertising Share2 (%) 39.3 39.3 1Q19 Results - May 24th, 2019 1Q18 1Q19 Circulation Share3 (%) (1) Average number of copies according to IVC (including Diario Clarín and O
Slide 14: Digital Content & Others: Revenues & Costs
Digital Content & Others Revenues & Costs EBTIDA Margin (%) Exhibit 14: 1Q18 Exhibit 15: 1Q19 AR$ MM AR$ MM (17%) 670 807 (7%) 559 521 1Q19 Results - May 24th, 2019 209 (12%) 184 (5.2) 4.8 38 35 Net Sales Cost of Selling & EBITDA Net Sales Cost of Selling & EBITDA Sales Adm. Sales Adm. Expenses Expe
Slide 15: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q19 Results - May 24th, 2019
Slide 16: Ownership Structure & Corporate Governance
Ownership Structure & Corporate Governance Equity Participation at IPO1 Shareholder Structure3 % Number of Shares4 Free Float Controlling Shareholders2 85.1 MM 20,3% Free Float 21.6 MM • International (44%) • Local (56%) 79,7% Total 106.776 MM Controlling Shareholders2 1Q19 Results - May 24th, 2019
Slide 17: Agenda
Agenda Argentina – Latest Events Income Statement & Financial Debt Business Segments Ownership Structure & Corporate Governance Q & A Session 1Q19 Results - May 24th, 2019
Slide 18: Q & A Session
Q & A Session May 24th, 2019
Slide 19: First Quarter Results
First Quarter Results 2019 May 24th, 2019