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1Roadshow back up_Mar 2013 1Presentation to investors_Jan 19
ATRESMEDIA
Presentation to investors
Feb 2019
www.atresmediacorporacion.com
2Roadshow back up_Mar 2013 2Presentation to investors_Jan 19
Advertising market in Spain
Gross Ad market Yoy growth
+0.8% -1.9%
-5.1%
Total Ad market+4.3%
Total Ad market: Slight growth yoy
+5.5%
+12.6%
Source: Infoadex
+1.0% +1.7%
+10.0%
+1.7%
-7.2%
+2.3%2016 2017
2016 2017 2016 2017 2016 2017 2016 2017 2016 2017
-1.3%
9M18
+3.4%
9M18
+12.8%
9M18
+0.9%
9M18
-6.1%
9M18
+0.6%9M18
3Roadshow back up_Mar 2013 3Presentation to investors_Jan 19
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
TV: Clear leadership
Spanish Ad spending by medium Share
Advertising market in Spain
Source: Infoadex
-0.1pp
+27.6pp
-25.5pp
-0.3pp
41.2%
40.0%40.1%
15.7%
1.3%
28.9%
9.0% 8.7%
8.4% 6.7%-1.5pp
4Roadshow back up_Mar 2013 4Presentation to investors_Jan 19
Source: Infoadex and Bank of Spain
Total & TV market vs GDP is steadily bouncing back
Total & TV ad intensity (vs GDP)
Advertising market in Spain
0.72% 0.74%
0.54%
0.41%0.46%
0.29%0.32%
0.23%
0.16% 0.19%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Total Ad market
TV Ad market
2002-17 avg=0.58%
(All-time average= 0.73%)
2003-17 avg= 0.24%
(All-time average= 0.29%)
5Roadshow back up_Mar 2013 5Presentation to investors_Jan 19
78%
23%
58%
85%
Source: Internal estimates & EGM. 2018 data
8.5
1.5 2.4
Spanish TV: Best cost-coverage mix
Cost-coverage by mediumIn €/1,000 impacts & % penetration
CPT
Coverage
Advertising market in Spain
1 - 2
Display Video Premium Video
9 -10
4 - 5
6Roadshow back up_Mar 2013 6Presentation to investors_Jan 19
Positive outlook for household consumption & GDP
Spanish TV industry: Main drivers
-0.5%
-2.1%
1.4% 2.6%3.0%
4.2% 4.2%
3.4%3.1% 3.1%
-1.9%
-1.1%
1.0%
3.7% 3.6%
4.2%
3.4%
3.8%3.2% 3.3%
2012 2013 2014 2015 2016 2017 2018e 2019e 2020e 2021e
Consumption
GDP
Forecast
Source: Funcas (Jan19). In current prices
Household Consumption & GDP Yoy growth
7Roadshow back up_Mar 2013 7Presentation to investors_Jan 19
TV Ad market remained stable in the last two years
Spanish TV industry: Ad market
Gross TV Ad market In € mill
Source: Infoadex
16%10% 8% 9%
-11%
-23%
4%
-10%
-19%
-6%
11%6% 6%
1%
-1%
2,317
2,677
2,951
3,188
3,469
3,082
2,378 2,472
2,237
1,815 1,703
1,890 2,011
2,122 2,143 2,132
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
% yoy Gross TV Ad market
Average: 2,410
-12%
-39%
8Roadshow back up_Mar 2013 8Presentation to investors_Jan 19
Spanish TV industry: Ad market
Spanish TV Ad market, slightly below vs last year
Gross TV Ad market Yoy growth
1%
-14%
-8%
-15%-18%
-15%
-24%
-21%
-16%
-10%
-3%
6%
3%
8%
22%
13%12%
8%
3% 3%
6%
11%
1%3% 4%
-4%
3%1%
-4%
2%
-2%
1%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4e
FY11=-10%
FY12=-19%
FY13=-6%
FY14=+11%
Source: Infoadex
FY15=+6% FY16=+6%
FY17=+1%
FY18e=-1%
9Roadshow back up_Mar 2013 9Presentation to investors_Jan 19
Source: Internal Estimates
9M18: High dispersion among sectors
Ad spending by sectors% 9M18 yoy
Beauty &Hygiene
Food Autos Telcos Retail Finance Health Beverages Others
2%
-2%
3%
-7%
1%
5%
-11%
11%
-8%
11% 11% 14% 9% 9% 10% 5% Weight24%
9M18=-1%
Spanish TV industry: Ad market
(Energy, Cleaning, Home,Sports & leisure…)
7%
10Roadshow back up_Mar 2013 10Presentation to investors_Jan 19
Source: Internal estimates
9M18: High volatility within categories in quarterly basis
Ad spending by sectors% 9M18 yoy
-4%
4%4%
-8%
4%
-10% -9%
-25%
-8%-7%
4%
10%
3%
15%
-11%
-2%
34%
-10%
7.8%
-0.7%
-9.1%
8.7%
-9.3%
-14.2%
-11.0%
9.0%
-7.7%
Food Autos Beauty Retail Finance Health Telecom Beverages Others
Q1 Q2 Q3
Spanish TV industry: Ad market by quarter
11Roadshow back up_Mar 2013 11Presentation to investors_Jan 19
Source: • TV Market: Infoadex. 2017• Prices: Internal estimates. Conventional advertising. • Volumes: Internal estimates. Commercial hours: 13h-25h. Conventional advertising excluding TVE.
Steady growth in prices and volumes
2,317
3,469
1,703
1,890 2,011
2,122 2,143
100
146 147
109112 116
118120
8389
9296 97
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Nominal Prices Volumes
TV Ad marketIn € million +
Market Prices & Volumesin index terms
TV ad market
Spanish TV industry: Prices and volumes
12Roadshow back up_Mar 2013 12Presentation to investors_Jan 19
Source: Infoadex
Stable market shares by player
Market share evolution by playerAd Share
Advertising market in Spain
Forta
Other FTAs
Pay TVs
43% 44% 43% 43% 43% 44%
43% 42% 42% 42% 41% 41%
7.1% 6.8% 6.6% 6.0% 5.3% 4.7%
4.0% 4.3% 4.3% 4.8% 5.5% 5.9%
2.6% 3.2% 3.6% 3.8% 4.4% 4.9%
2013 2014 2015 2016 2017 9M18
13Roadshow back up_Mar 2013 13Presentation to investors_Jan 19
Spanish TV industry: Commercial FTA landscape
Net TV
Commercial FTA TV landscape (9M 18)
Veo TV
Atresmedia has a key position in a wide commercial FTA TV offer
Channels
13TV
Secuoya
Real
Madrid TV
Kiss TV
AudienceMkt share Power ratio
26.6%40.9% 1.5x
29.0%43.7% 1.5x
2.9%
2.6%
2.0%
5.9% 0.7x
Source: Kantar Media, Infoadex
0.3%
0.3%
0.8%
14Roadshow back up_Mar 2013 14Presentation to investors_Jan 19
Spanish TV industry: Competitive environment
FTA TV
Source: Kantar Media. Infoadex
PayTV OTT
Power ratio
Market Share
55.6%
84.6% 5.9%
9.0% 24.2%
4.7% 4.9%
7.6%
0%
n.a.
State/Region-owned
…and others …and others
TVin
Spain
Audience Share
1.5x 0.6x 0.6x* 0.6x n.a
* Forta (RTVE has no advertising)
TV in Spain is clearly based on Free-to-Air TV
15Roadshow back up_Mar 2013 15Presentation to investors_Jan 19
Spanish TV industry : Pay TV
FTA TV leads by far over Pay TV
Source: Kantar Media, Infoadex & CNMC
* Penetration as of Q3 18
FTA TV vs Pay TV in SpainFY18
Penetration(% of households)
100%
37%*
Audience 2018(%)
92%
8%
16Roadshow back up_Mar 2013 16Presentation to investors_Jan 19
26.8% 26.7%24.5%
23.1%
29.5%30.8%
33.5%36.3% 37.2%
7.0% 6.8%6.2% 5.6% 6.2% 6.8%
7.0% 7.8% 7.6%
2.6% 2.7% 2.4% 2.6% 3.1% 3.6% 3.8% 4.4% 4.9%
2010 2011 2012 2013 2014 2015 2016 2017 2018e
Spanish TV industry : Pay TV
Pay TV in Spain is steadily growing
Source: Kantar Media, Infoadex & CNMC
Pay TV sector in Spain
Pay TV penetration (by CNMC)
Audience% Total Individuals 4+
Ad market share% Total TV ad market
17Roadshow back up_Mar 2013 17Presentation to investors_Jan 19
Spanish TV industry : Pay TV
Telefonica via IPTV leads the Pay TV sector
Source: CNMC
Pay TV sector in Q3 18% Total connections (6.8 mill)
Satellite10%
Cable19%
IPTV66%
Others5%
Telefonica60%
Vodafone19%
Orange10%
Others11%
18Roadshow back up_Mar 2013 18Presentation to investors_Jan 19
Spanish TV industry : OTT TV
Source: Household panels. CNMC Q2 18
OTT penetration is still low
TV on demandQ2 18
18.5 mill households
16.4 millhouseholds
internet connected
5.4 millhouseholds
consume OTT
of which:
of which:
2.2 mill 0.9 mill2 mill
OTT
0.6 mill
≈
0.7 mill 0.5 mill
19Roadshow back up_Mar 2013 19Presentation to investors_Jan 19
TV viewing
Source: Kantar Media. Includes linear and non linear (Time shift)
Average daily TV viewing In hours
Linear TV viewing remains very strong
83%
13%
2% 3%Online video
Linear TV
4h 44’ Nov 18
Average daily viewing In %
VoD Time shift
Source: Kantar Media & Comscore
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
3h 46’3h 54’
3h 59’
4h 06’4h 04’3h 59’
3h 57’3h 53’3h 49’3h 42’3h 46’
20Roadshow back up_Mar 2013 20Presentation to investors_Jan 19
Average daily viewing In hours
3h 42’
Ind 4+
13 to 24
4 to 12
25 to 44
45 to 64
>65
TV viewing gap has widened over the years
Source: Kantar Media
Age groups
Spanish TV industry: Audiences
3h 37’
Ind 4+ (+7 days)
5h 52’
5h 02’
4h 27’4h 13’
2h 39’3h 11’
1h 45’
2h 26’
1h 33’
2h 23’
3h 33’
21Roadshow back up_Mar 2013 21Presentation to investors_Jan 19
2h26’ 2h23’
3h11’
4h13’
5h02’
1h45’
2h39’
4h27’
5h52’
4-12 yrs 13-24 yrs 25-44 yrs 45- 64 yrs +65 yrs
2003 2018
Source: Kantar Media
TV habits in Spain
-41 -50
-32
+14
+50
Average daily consumption in min
TV viewing pattern by age groups changes over time
1h33´
22Roadshow back up_Mar 2013 22Presentation to investors_Jan 19
TV is by far the best media to reach brand awareness
Source: Kantar Media & Comscore Nov 18
Spanish TV vs Online Video Audiences
32.2 32.1
TV Total onlinevideo
In 1 day In 1 month
Avg coverage in mill viewers
6.9
1.2
TV Video online
In 1 minute
Avg coverage in mill viewers
23Roadshow back up_Mar 2013 23Presentation to investors_Jan 19
Atresmedia: A leading communication group
Atresmedia: A solid and clear group structure
OTHERS
ADVERTISING
Marketshare41%
Marketshare18%
Total Ad market
share19%
Source: Infoadex 2017
24Roadshow back up_Mar 2013 24Presentation to investors_Jan 19
TV & Radio as main source of revenues
Source: Infoadex & internal estimates
Atresmedia: Market positioning
ANTENA 3
NEOX
NOVA
Onda CeroEuropa FMOnda Melodía
Atresmedia CineAtresmedia Digital
Atresmedia Diversification
Radio
Others
TV
Planeta-De Agostini:RTL:Imagina:Treasury stock:Free-float:
41.7%18.7%4.1%0.4%
35.2%
88%
8%
4%
LA SEXTA
MEGAATRESERIES
2017Net
Revenues
€ 1,052m91%
9%
Revenues by division Revenues by origin
Non ad revenues
Ad revenues2017 Net
Revenues
€ 1,052m
25Roadshow back up_Mar 2013 25Presentation to investors_Jan 19
830883
970 1,021 1,052
750 756 805 819 850
80 127165 202 202
Mid single digit growth in Rev while low single digit in OPEX
Atresmedia: Revenues & OPEX evolution
CAGR +3%
REVENUE
CAGR +6%
OPEX
In € euros
2016201520142013 2017
EBITDA
x2.5
26Roadshow back up_Mar 2013 26Presentation to investors_Jan 19
Atresmedia: OPEX
Personnel & Overheads
Programming
40%
€850mill
60%
Total OPEX
Others
88%
8%
4%
Programming costs, the bulk of Atresmedia’s OPEX
OPEX breakdown
2017
27Roadshow back up_Mar 2013 27Presentation to investors_Jan 19
Atresmedia TV: Programming costs
In-houseproduction
TotalProgramming
3rd partycontent
1/3
2/3 of programming is in-house production
2/3
30%
60%
10%
News & Currentaffairs
Entertainment
Scripted
Programming hours by format (weighted average based on channels’ audience) In % Films &
Series
Sports
28Roadshow back up_Mar 2013 28Presentation to investors_Jan 19
55% of ∆ rev drops at the EBITDA
Atresmedia’s operating leverageIn € mill
2013 Revenue 2013 EBITDA 2017 EBITDA 2017 Revenue
830
80
≈55%operating leverage
202
1,052
Atresmedia: Operating leverage
+222 mill rev
+122 mill EBITDA
29Roadshow back up_Mar 2013 29Presentation to investors_Jan 19
Source: Infoadex + Kantar Media.
26.2%
28.3%
26.3%
24.1%
22.4%
24.6%
27.9%
30.5%
35.2%
42.6%
41.5%42.0%
42.1%41.4%
20.8%21.3%
19.6%
17.8%17.0%16.6%
15.8%17.1%
20.5%
28.8%27.7%
26.8%27.1%26.6%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
1.7x
1.5x1.5x
1.3x1.3x
1.4x1.5x
Atresmedia Television: Competitive performance
1.3x
Atresmedia Television: A success story
1.6x
1.8x
1.5x
1.3x
1.8x
1.6x
Ad market share
Audience share
30Roadshow back up_Mar 2013 30Presentation to investors_Jan 19
Wide and inclusive TV offer
Atresmedia Television: Positioning
Male Female
55-64
4-12
Age
2018
12.3%
6.9%
2.4%
2.4%
1.6%
1.2%
26.8%
31Roadshow back up_Mar 2013 31Presentation to investors_Jan 19
Atresmedia Television: Programming grid at a glance
Entertainment(re-run)
NewsScripted fictionsGame shows
NewsEntertaimentScriptedSportsUS Films
NewsUS Films
NewsUS Films
NewsCurrent affairesCookingGame show
Current affairesInvestigation(rep)
NewsEntertainmentCurrent affairs
NewsEntertainmentInvestigationUS films
NewsUS Films / Series
NewsDebates/ Investigation
NewsCurrent affairesUS series
Kids
SitcomsUS seriesUS films
SitcomsUS series
KidsSitcomsUS series
Soapoperas
US Films
Soapoperas
Factual
FactualUS Films
Sport magazineUS seriesFactuals
US seriesScripted(rep)
US series
Scripted(rep)
=+Entertain.
Entertain.(rep)US series
Factuals
FactualsUS series
US series
Entertain. (rep)
Factual (rep)
FactualsFactuals
=
=+Scripted(rep)
8h –14h
14h –21h
21h –24h
Balanced and varied programming grid
12.2% 6.8% 2.4% 2.4% 1.6% 1.2%Audienceshares9M18
In-house production in bold
M
FSS
M
FSS
M
FSS
32Roadshow back up_Mar 2013 32Presentation to investors_Jan 19
13.4 13.6 13.512.8
12.312.3
13.8
13.514.5 14.8
14.4
13.314.1 14.3
10.210.0 9.8 10.1 10.4 10.5
9.8
2013 2014 2015 2016 2017 2018 19YTD
13.413.8
13.512.8
12.1 11.9
13.5
12.2
13.6
14.1 13.5
12.4
13.413.9
8.2 7.97.8
8.8 8.5 8.68.1
2013 2014 2015 2016 2017 2018 19YTD
Antena 3: Stable audience ratings
Total Individuals24h
Commercial Target24h
Source: Kantar Media. Total Individuals (4y+)
Atresmedia Television: TV audiences by core channel
Source: Kantar Media• 2012-2015: Commercial Target (16-54 y)• As of 2016: Commercial Target (25-59 y)
33Roadshow back up_Mar 2013 33Presentation to investors_Jan 19
6.0
7.2 7.47.1
6.8 6.97.3
6.0
6.7
7.2
6.56.2 6.0
5.0
8.5
7.87.3 7.2
7.4 7.67.9
2013 2014 2015 2016 2017 2018 19YTD
6.6
7.9 8.1
8.1
7.4
7.3
7.67.4
8.2 8.4
7.6 7.2
7.4
6.1
5.8
5.2
4.8
5.35.7 5.7 5.8
2013 2014 2015 2016 2017 2018 19YTD
La Sexta: High Commercial Target
Total Individuals24h
Commercial Target24h
Source: Kantar Media. Total Individuals (4y+)
Atresmedia Television: TV audiences by second channel
Source: Kantar Media• 2012-2015: Commercial Target (16-54 y)• *As of 2016: Commercial Target (25-59 y)
34Roadshow back up_Mar 2013 34Presentation to investors_Jan 19
16.7 16.7 16.7 16.8 16.6 16.5 15.7
29.030.7 31.0
30.228.7 28.8
27.528.8 27.7 26.8 27.1 26.6 26.8
28.4
2013 2014 2015 2016 2017 2018 19YTD
13.8 13.6 13.4 14.4 13.6 13.2 12.7
31.433.3 33.6
31.030.0 30.5
29.331.0
30.0 29.2 29.728.5 28.4
30.0
2013 2014 2015 2016 2017 2018 19YTD
Atresmedia TV: Reducing the gap with its main competitor
Total Individuals24h
Commercial Target24h
Source: Kantar Media. Total Individuals (4y+)
Atresmedia Television: TV group audiences
Source: Kantar Media• 2012-2015: Commercial Target (16-54 y)• As of 2016: Commercial Target (25-59 y)
35Roadshow back up_Mar 2013 35Presentation to investors_Jan 19
Audience: In-house vs external production
100% of most viewed contents are in-house, excl. sports
In-house84%
3rd parties
16%
In-house vs external
In-house100%
Top 50 programmes (2018)Including sports
Top 50 programmes (2018)Excluding sports
36Roadshow back up_Mar 2013 36Presentation to investors_Jan 19
Programming costs: In-house vs external production
In-house25%
3rd parties
75%
2/3 of the programming costs are internally produced
In-house75%
3rd parties
25%
In-house vs external programming costsIn broadcasting hours
In-
house
64%
3rd parties
36%
Weighted average(based on audience per channel)
37Roadshow back up_Mar 2013 37Presentation to investors_Jan 19
Programming costs: In-house production
Direct sales to Broadcasters
In-house production: A solid strategy
FTA TV
Online
Atresmedia’sPay TV channels
38Roadshow back up_Mar 2013 38Presentation to investors_Jan 19
Atresmedia Digital
Atresplayer, our digital flagship
ATRESPLAYER
WEBs, Verticals & MCNs
Latam
AVoD
SVoD
• Largest national online media agency• Footprint in Latam countries
Atresmedia’s OTT
39Roadshow back up_Mar 2013 39Presentation to investors_Jan 19
Atresplayer: our OTT platform
Atresmedia Digital: Atresplayer
Source: Adobe Analytics
5.2 MM
16,1 MM
27’
User & Video data Jan-Oct 2018Monthly avg
35% 58% 7%
1# Consumption by device
3#Atresplayer Premium
>59 K Subscribers @ Monthly ARPU≈3€
2# Type of content
VOD LIVE75% 25%
40Roadshow back up_Mar 2013 40Presentation to investors_Jan 19
Developing new non ad-based media initiatives
Atresmedia Diversification: Positioning & Strategy
41Roadshow back up_Mar 2013 41Presentation to investors_Jan 19
In mill suscribers
23
21
10
x3 vs 2013
≈55
New channel launched in March 2018
Production & Content sales: Atresmedia International
Up to 55 mill subscribers in our international channels
42Roadshow back up_Mar 2013 42Presentation to investors_Jan 19
Atresmedia Diversification: Media for Equity
Media for Equity: Exploring new business models
Media for Equity
Exit in 2016
Exit in 2018
Partial exit in 2018
Exit in 2018
43Roadshow back up_Mar 2013 43Presentation to investors_Jan 19
Atresmedia Radio: 18% market share
Atresmedia Radio: Positioning & Strategy
# 3 talk radio1.9 mill listeners
# 3 music radio1.5 mill listeners
#3 radio player in Spain
3.7 million listeners
18% market share
Source: EGM Q3 18 yearly averageMarket Share: Infoadex & internal estimates
New music radio
233k listeners
44Roadshow back up_Mar 2013 44Presentation to investors_Jan 19
Sound recovery during last 5 years but still far behind fromaverage and peak levels
Gross Radio Ad market In € mill
Source: Infoadex
Spanish Radio industry: Ad market
6%13%
4% 7%
-5%
-16%
2%
-4%
-14%-11%
4%8%
1% 2% 2%
508 540
610 637
678 642
537 549 525
454
404 420
454 458 466 474
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018e
% yoy Gross Radio Ad market
Average: 522
-9%
-30%
45Roadshow back up_Mar 2013 45Presentation to investors_Jan 19
Atresmedia Radio: 3.7 million listeners
Atresmedia Radio: Audiences
Source: EGM Surveys Monday to Friday (.000) (Moving average).
Thousand of listeners
4,119 4,153 4,106 4,091 4,012 3,947 3,8753,664
1,902
1,920 1,910 1,922
1,898 1,961 1,975 1,909
1,943
1,947 1,912 1,871
1,8051,713 1,651
1,522
274 286 284 298 309 273 249 233
2nd 16 3rd 16 1st 17 2nd 17 3rd 17 1st 18 2nd 18 3rd 18
46Roadshow back up_Mar 2013 46Presentation to investors_Jan 19
Debt at target level and dividend policy according to plan
Dividend policyTotal Net Debt Target (€ mill)
€ 150-250 mill
Payout ratio
185
134
158179
240199 2014 dividend: 0.20 €/sh
96% payout ratio
2015 dividend: 0.36 €/sh82% payout ratio
2016 dividend: 0.92 €/sh82% payout ratio + special
• Ordinary: 0.47 €/sh• Special: 0.45 €/sh
2017 dividend: 0.52 €/sh~ 83% payout ratio
• Interim: 0.22 €/sh (Dec-17)• Final: 0.30 €/sh (June-18)
Long termtarget
Medium term goals: Financials
≥80%
47Roadshow back up_Mar 2013 47Presentation to investors_Jan 19
Back up: 2017 & 9M18 Financial Results
Back up
48Roadshow back up_Mar 2013 48Presentation to investors_Jan 19
<<<
<<<<<<<<<<<<<<<<<
<<Net Revenues 1,052.1
EBITDA 202.1
Net profit 142.1
FY17 FY16
+3.0%
+0.1%
YoY
+10.0%
OPEX 849.9 +3.8%
Atresmedia
FY17 Results in € mill: P&L
EBITDA Margin 19.2%
Net profit Margin 13.5%
Source: Atresmedia’s financial statements
* Smartclip entered consolidation perimeter as of July 1st, 2017
EBIT 184.5 +0.0%
EBIT Margin 17.5%
1,021.1
202.2
129.2
819.1
19.8%
12.6%
184.4
18.1%
1,037.2
200.2
FY17
+1.6%
-0.9%
YoY
837.0 +2.2%
19.3%
182.6 -1.0%
17.6%
Ex-Smartclip *
49Roadshow back up_Mar 2013 49Presentation to investors_Jan 19
Total Net Rev. 978.0 948.2
EBITDA 185.1 182.3
EBIT 169.5 166.7
FY17 FY16
+3.1%
+1.5%
YoY
+1.7%
OPEX 793.0 765.9 +3.5%
Atresmedia Audiovisual
FY17 Results in € mill: P&L
EBITDA Margin 18.9% 18.6%
EBIT Margin 17.3% 17.6%
Source: Atresmedia`s financial statements
50Roadshow back up_Mar 2013 50Presentation to investors_Jan 19
Net Revenues 83.5 82.2
EBITDA 17.1 19.7
EBIT 15.0 17.7
FY17 FY16
+1.7%
-13.3%
YoY
-15.4%
OPEX 66.5 62.5 +6.4%
Atresmedia Radio
FY17 Results in € mill: P&L
EBITDA Margin 20.4% 24.0%
EBIT Margin 18.0% 21.6%
Source: Atresmedia’s financial statements
51Roadshow back up_Mar 2013 51Presentation to investors_Jan 19
<<<
<<<<<<<<<<<<<<<<<
<<Net Revenues 747.6
EBITDA 124.0
Net profit 86.1
9M 18 9M 17
-1.0%
-16.6%
YoY
-16.8%
OPEX 623.6 +2.8%
Atresmedia
9M 18 Results in € mill: P&L
EBITDA Margin 16.6%
Net profit Margin 11.5%
Source: Atresmedia’s financial statements
*Smartclip was included within the consolidation perimeter as of July 1st, 2017
EBIT 110.1 -18.8%
EBIT Margin 14.7%
755.1
148.6
103.5
606.5
19.7%
13.7%
135.6
18.0%
727.9
122.5
9M 18
-3.3%
-17.2%
YoY
605.4 +0.2%
16.8%
108.8 -19.5%
14.9%
Ex-Smartclip *
752.5
148.0
9M 17
604.4
19.7%
135.1
17.9%
52Roadshow back up_Mar 2013 52Presentation to investors_Jan 19
Total Net Rev. 696.0 702.0
EBITDA 113.8 136.5
EBIT 101.5 125.0
9M 18 9M 17
-0.9%
-16.6%
YoY
-18.8%
OPEX 582.1 565.5 +2.9%
Atresmedia Audiovisual
9M 18 Results in € mill: P&L
EBITDA Margin 16.4% 19.4%
EBIT Margin 14.6% 17.8%
Source: Atresmedia`s financial statements
53Roadshow back up_Mar 2013 53Presentation to investors_Jan 19
Net Revenues 58.7 60.0
EBITDA 10.2 12.1
EBIT 8.6 10.5
9M 18 9M 17
-2.2%
-15.8%
YoY
-18.3%
OPEX 48.6 48.0 +1.3%
Atresmedia Radio
9M 18 Results in € mill: P&L
EBITDA Margin 17.3% 20.1%
EBIT Margin 14.6% 17.5%
Source: Atresmedia’s financial statements
54Roadshow back up_Mar 2013 54Presentation to investors_Jan 19
Legal Notice
The information contained in this presentation has not been independently verified and is, in any case, subject to
negotiation, changes and modifications.
None of the Company, its shareholders or any of their respective affiliates shall be liable for the accuracy or completeness
of the information or statements included in this presentation, and in no event may its content be construed as any type of
explicit or implicit representation or warranty made by the Company, its shareholders or any other such person. Likewise,
none of the Company, its shareholders or any of their respective affiliates shall be liable in any respect whatsoever
(whether in negligence or otherwise) for any loss or damage that may arise from the use of this presentation or of any
content therein or otherwise arising in connection with the information contained in this presentation. You may not copy or
distribute this presentation to any person.
The Company does not undertake to publish any possible modifications or revisions of the information, data or statements
contained herein should there be any change in the strategy or intentions of the Company, or occurrence of unforeseeable
facts or events that affect the Company’s strategy or intentions.
This presentation may contain forward-looking statements with respect to the business, investments, financial condition,
results of operations, dividends, strategy, plans and objectives of the Company. By their nature, forward-looking
statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to
future events and circumstances that may not prove accurate. A number of factors, including political, economic and
regulatory developments in Spain and the European Union, could cause actual results and developments to differ materially
from those expressed or implied in any forward-looking statements contained herein.
The information contained in this presentation does not constitute an offer or invitation to purchase or subscribe for any
ordinary shares, and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or
commitment whatsoever.
Investor Relations Department
Additional information
Phone: +34 91 623 46 14
E-mail: ir@atresmedia.com
Web: www.atresmediacorporacion.com
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