Slide 1: Results for 9M15
Results for 9M15 11 November 2015
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements regarding intention, expectations or estimates of the Company or its management at the date of issue thereof, relating to various aspects, including the growth of various lines of business and the business overall, the market share, the re
Slide 3: Main achievements of 9M15
Main achievements of 9M15 • Positive advertising spend in 9M15: VOC 7.1% vs total for market of1 6.3%, slowing down vs 1H15 • Comparable EBITDA 9M15 increases by 9.3%2 (€2.4m) to €28.4m. An increase of +19.7% Financial (€4.7m) ex-Sarenet. The EBITDA Margin 9M15 improved by 1.1pp to 8.3% • EBIT 9M15
Slide 4: Advertising: growth offline and especially online
Advertising: growth offline and especially online VOC outperforms the market offline and online Digital contributes 28% of VOC advertising revenues Variation in advertising spend 9M15 (%) Data 9M15 (%) 21.1% Contribution to VOC VOC advertising revenues advertising growth Total VOC 9M15 +7.1% vs tota
Slide 5: Regional: leadership, advertising growth and profitability
Regional: leadership, advertising growth and profitability Continued regional leadership of VOC1 Strong growth offline and online2 Variation annual (%) Variation in advertising spend, Jan-Sep 2015 (%) Others 24.7% 18.5% 28.5% 16.1% VOC represents more than half the online regional advertising 5.1% m
Slide 6: ABC: enhanced leadership, digital growth, and profitability
ABC: enhanced leadership, digital growth, and profitability Clear position #2 in Madrid1 Higher weight at abc.es of mobile users2 Gap in ordinary circulation in Madrid region, ABC-El Mundo (thousand copies) Total unique monthly users (million) and % of exclusive mobility, Sep15 vs 4 15.3 13.4 0 10.9
Slide 7: Audiovisual: recurring contribution to positive EBITDA
Audiovisual: recurring contribution to positive EBITDA DTT positive with two channels Radio stable following COPE agreement Measures taken at Content Comparable EBITDA in €m1 Comparable EBITDA in €m2 Comparable EBITDA in €m3 3.7 3.6 2.0 3.1 1.7 Sale of Italy unit: 2.4 impact on Net result from capit
Slide 8: New initiatives and strong online growth
New initiatives and strong online growth Launch of a digital subscription product Higher proportion of mobile users than peers1 Million of unique monthly users % users with exclusive mobile access • Premium, added-value content 20.4 18.4 17.8 • Focus on mobile, exclusive apps 14.1 • Limits to intrus
Slide 9: Increase of EBITDA, especially in key items
Increase of EBITDA, especially in key items Variation in comparable EBITDA by item Data in variation in €m 9M15 vs 9M14 except for comparable EBITDA €8.3m 0.9 0.9 (1.1) (4.3) 7.8 (0.6) 1.0 (2.3) 28.4 26.0 EBITDA EBITDA Margin1 Margin1 8.3% 7.2% Comparable Advertising Net margin on Margin on Audiovis
Slide 10: Generation of positive ordinary operating cash flow of €19.6m
Generation of positive ordinary operating cash flow of €19.6m Reduction of net debt Change in net financial position Dec 2014-9M15. Data in €m Generation of positive cash flow from ordinary operations, €19.6m 125.9 28.4 116.2 (6.8) (3.2) 2.8 (5.2) (6.4) 106.3 NFD end Comparable Investment in Capex T
Slide 11: Financial appendix 9M15
Financial appendix 9M15 vocento Siempre Periodismo
Slide 12: Consolidated P&L 9M15
Consolidated P&L 9M15 IFRS Var % Data in €m 9M15 9M14 Var % ex Sarenet Circulation revenues 146.6 155.4 (5.7%) (5.7%) Advertising revenues 118.1 110.2 7.1% 7.1% Other revenues 76.4 95.8 (20.3%) (10.7%) Operating revenues 341.0 361.5 (5.7%) (2.9%) Comparable opex (312.6) (335.5) (6.8%) (4.5%) Compara
Slide 13: Consolidated Balance Sheet, 30 September 2015
Consolidated Balance Sheet, 30 September 2015 IFRS Data in €m 9M15 2014 9M15 2014 Non current assets 490.4 506.7 Total Equity 312.1 322.6 Intangible assets 127.8 134.2 Property, plant and equipment 159.1 167.4 Investments in Associates 6.2 8.1 Other non current assets 197.2 196.9 Current assets 125.
Slide 14: Variation in NFD, 9M15
Variation in NFD, 9M15 IFRS Data in €m 9M15 9M14 Comparable EBITDA 28.4 26.0 Variation in working capital 2.8 (5.5) Capex (5.2) (5.8) Other items1 2.3 2.8 Cash flow from operating activities 28.3 17.4 Dividends and interest received 0.3 0.6 Dividends and interest paid2 (9.1) (12.1) Total ordinary ca
Slide 15: Revenues by business area
Revenues by business area Newspapers Audiovisual Data in €m 302.8 297.5 42.7 34.2 22.0 21.6 82.3 80.6 14.7 8.7 3.1 3.1 215.0 209.3 25.2 22.7 (16.5) (14.0) (0.3) (0.3) 9M14 9M15 9M14 9M15 Regional ABC Sup. & Mags Elim. DTT Radio Content Elim. Classifieds Others 9.1 11.2 10.3 0.0 9.1 11.2 10.4 (0.0) 9
Slide 16: Comparable EBITDA by business area
Comparable EBITDA1 by business area Newspapers Audiovisual Data in €m 24.9 27.1 7.8 8.7 0,3 0.6 1.1 3.1 3.7 2.0 25.2 25.7 1.7 2.4 3.6 (0.9) 9M14 9M15 9M14 9M15 Regional ABC Sup & Mags DTT Radio Content Classifieds Others (0.5) 0.4 2.2 0.0 0.4 2.3 (0.5) (0.0) 9M14 9M15 9M14 9M15 B2B Qué! Note 1: excl
Slide 17: Investor and Shareholder Relations
Investor and Shareholder Relations C/ Pintor Losada. 7 48007 Bilbao (Bizkaia) Tel.: 902 404 073 e-mail: ir@vocento.com