Slide 1: New Reporting Structure from Q1 2018
NEW REPORTING STRUCTURE FROM Q1 2018
Slide 2: New reporting structure from Q1 2018
New reporting structure from Q1 2018 Rationale behind changes: Main changes in segment reporting: • Schibsted reorganized into two operating • New “Growth” segment divisions; • Includes Lendo (in all markets), Prisjakt, Let’s 1. MARKETPLACES (Online Classifieds) Deal and other “Growth” companies 2.
Slide 3: New reporting structure effective from Q1 2018 reflecting new organizational model
New reporting structure effective from Q1 2018 reflecting new organizational model Old Segments Revenues 2017 (NOK million) New segments OLC Norway 1.613 1.929 Marketplaces 1.013 7.512 OLC Sweden 4.880 1.051 38 316 OLC International Publishing 4.966 86 8.160 5.224 MH Norway 5.382 164 2.821 Growth 1.
Slide 4: New reporting structure effective from Q1 2018 reflecting new organizational model
New reporting structure effective from Q1 2018 reflecting new organizational model Old Segments EBITDA 2017 (NOK million) New segments OLC Norway 628 705 Marketplaces 513 2.297 OLC Sweden 1.163 504 -9 77 OLC International Publishing 1.149 -14 795 538 MH Norway 552 18 257 Growth 316 MH Sweden 392 573
Slide 5: New segment reporting – restated segments 2016 and 2017
New segment reporting – restated segments 2016 and 2017 NOK million 1 quarter 2 quarter 3 quarter 4 quarter 1 quarter 2 quarter 3 quarter 4 quarter Full year Full year 2016 2016 2016 2016 2017 2017 2017 2017 SCHIBSTED MEDIA GROUP 2017 2016 REVENUES 3.883 4.113 3.798 4.060 4.000 4.327 4.161 4.455 SCH
Slide 6: Growth as a separate segment will include assets from all previous segments
Growth as a separate segment will include assets from all previous segments to reflect the total Growth portfolio Changes in structure to the new Growth segment: • All the assets from Schibsted Growth Sweden (the old Media House Sweden segment) are included • Growth assets from the old Media House N
Slide 7: No major changes to the Marketplaces segment reporting
No major changes to the Marketplaces segment reporting Reporting structure (revenues and EBITDA): Changes: France • Total MARKETPLACES reported as consolidated segment Norway (not PRO-FORMA as before) in NOK with inter-company revenues (from other segments) Spain • All “Growth” assets moved to the “
Slide 8: Reconciliation of old pro-forma Online Classifieds reporting and new Marketplaces reporting
RECONCILIATION OF OLD PRO-FORMA ONLINE CLASSIFIEDS REPORTING AND NEW MARKETPLACES REPORTING Total Marketplaces 2017 2016 Operating revenues OLD 8.136 6.809 Assets moved -424 -300 Details on Developed phase assets: Internal revenues 142 126 JVs not included -358 -240 France developed phase 2017 2016
Slide 9: All publishing assets included in one segment
All publishing assets included in one segment Reporting structure: • Total publishing • VG (Norway) • Aftonbladet (Sweden) • Subscription newspapers (Subscription Newspapers Norway + Svenska Dagbladet in Sweden) • Publishing HQ / Other (mainly printing and distribution in Norway and HQ costs in the
Slide 10: Reconciliation of old and new segment reporting - revenues
Reconciliation of old and new segment reporting - revenues Changes OLD SEGMENTS Full year Full year NEW SEGMENTS Full year Full year Full year Full year 2017 2016 2017 2016 2017 2016 SCHIBSTED MEDIA GROUP 16.943 15.854 SCHIBSTED MEDIA GROUP 16.943 15.854 ONLINE CLASSIFIEDS NORWAY 1.929 1.650 ONLINE
Slide 11: Reconciliation of old and new segment reporting - EBITDA
Reconciliation of old and new segment reporting - EBITDA Changes OLD SEGMENTS Full year Full year NEW SEGMENTS Full year Full year Full year Full year 2017 2016 2017 2016 2017 2016 SCHIBSTED MEDIA GROUP 2.606 2.131 SCHIBSTED MEDIA GROUP 2.606 2.131 ONLINE CLASSIFIEDS NORWAY 705 658 ONLINE CLASSIFIED
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