Jose Luis Sainz Consejero Delegado

Transcription

1 Consejero Delegado

2 EBITDA Adjusted EBITDA Adjusted EBITDA EBITDA at 2008 constant currency Million At 2015 constant currency Adjusted EBITDA: excluded Canal+, Cuatro and Santillana s Trade Publishing. Also, excluded extraordinary effect (basically severance expenses).

3 GDP EVOLUTION LATAM COUNTRIES Chile Colombia 2,0% 2,3% 4,4% 3,1% 1,6% 2,0% ,5% Brasil Argentina 2,6% Source: FMI -3,8% -3,6% ,5% -2,3%

4 REVENUES, EBITDA & HEADCOUNT BREAKDOWN 2016 REVENUES EBITDA HEADCOUNT (FTEs) 1.370M 281M % 41% 78% 22% 63% 37% International Spain Adjusted Figures: includes 50% of Radio Mexico and Radio Costa Rica. Excluded extraordinary effects.

5 P&L 2016 ( M) %Var. Revenues ,2% Expenses ,5% EBITDA ,2% EBIT ,5% Financial Result ,0% Profit before taxes % Net Result (68) 5 ---

6 FISCAL IMPACTS IN NET RESULT NET RESULT -68M - New Decree Law 3/ Obliges to the reversal of provisions fiscal deductible - Limits the compensation of loss carryforwards from previous years - Losses on transmission of stakes become non deductible - Dismissed rulling from Supreme Court regarding VAT - The rulling considers that input VAT is not 100% deductible at PRISA Headquarters (prorate rule must be applied) NET RESULT EXCLUDED FISCAL IMPACTS +17M

7 2016 RESULTS (adjusted figures at constant currency) ( m) %Var. Revenues ,6% EBITDA ,6% EBITDA margin 20,9% 20,7% EBIT ,0% EBIT margin 13,2% 12,4% Adjusted Figures: includes 50% of Radio Mexico and Radio Costa Rica. Excluded extraordinary effects.

8 KEY HIGHLIGHTS Good operating performance of all businesses except Radio. Digital revenues account for 15% over total revenues and continue to grow. Negative FX evolution. OPEX reduction & CAPEX control continue. Cash Flow generation stays in line with plan. Net debt has been reduced to million euros.

9 TRANSFORMATION REVENUES Million SANTILLANA PRESS RADIO % of transformation revenues over total revenues 15% GROUP 92% Advertising in Press 2012 Current 8% 60% 40% On Line Printed 2012 Current 72% 28% EL PAÍS DIARIO AS UNO & Compartir 34% 66% Compartir & UNO Var.(%) STUDENTS (k) ,4% * REVENUES (M ) ,4% *May 2017 figure: 919k

10 KEY HIGHLIGHTS Good operating performance of all businesses except Radio. Digital revenues account for 15% over total revenues and continue to grow. Negative FX evolution. OPEX reduction & CAPEX control continue. Cash Flow generation stays in line with plan. Net debt has been reduced to million euros.

11 SANTILLANA 2016 Revenues +5% Revenues by business line % ,6% % ex sin FX TC Traditional Tradicional Sale UNO y & Compartir Ingresos Revenues Totales EBITDA +14% Contribution by business line 2016 Others UNO & Compartir 19% 1% +5,0% Institutional 21% 59% Regular ex sin FX TC

12 LEARNING SYSTMES k students 632k students 868k students % Number of students (k) % % Compartir UNO Total Students Alumnos

13 RADIO 2016 Revenues 0% Advertising Revenues ,5% 164-3,7% -4,9% ex sin FX TC EBITDA -22% España Spain EBITDA breakdown LATAM (at constant currency) Latam (sin TC) ,8% ,9% 35-26,7% ex sin FX TC España Spain LATAM (at constant currency) Latam (sin TC) Includes 50% of Radio Mexico and Radio Costa Rica

14 PRISA RADIO AUDIENCE PRISA RADIO - 25 MILLION LISTENERS 10,4 7,9 2,3 1,4 0,9 2,0 0,3 ESPAÑA SPAIN COLOMBIA CHILE MÉXICO MEXICO ARGENTINA PORTUGAL OTHER OTROS COUNTRIES PAÍSES MARKET SHARE #1 #1 #1 #2 #4 #1

15 PRESS 2016 Revenues -1% Digital advertising over total advertising % 13% 20% 26% 30% 36% 41% EBITDA +2% Digital Audience & Circulation (2016, average) El País.com International Spain As.com 54% 46% 52% 48% Diario El País: 194k copies, -12% Diario As: 126k copies, -6%

16 PRESS DIGITAL AUDIENCE Unique users-audience Ranking Worldwide (PC) General Information in Spanish Spain(PC+Mobile) Source: Comscore Ranking PC Worldwide (Apr'17) Unique Users (M) YoY 1 EL PAÍS 14,1 6% 2 ELMUNDO 8,6-14% 3 CLARIN 7,9-14% 4 ELCOMERCIO.PE 7,2 9% 5 LANACION.COM.AR 6,9-19%. 11 HUFF POST.ES 1,7-27% Ranking PC+Mobile Spain (May'17) Unique Users (M) YoY 1 EL PAÍS 18,7 28% 2 EL MUNDO 16,5 18% 3 ABC 14,0 21% 4 EL CONFIDENCIAL 11,4 29% 5 HUFFINGTON POST 6,5 37% 6 LA RAZÓN 4,2 25% Unique browsers Evolution Source: Omniture may-14 ago-14 nov-14 feb-15 may-15 ago-15 nov-15 feb-16 may-16 ago-16 nov-16 feb-17 may-17

17 MEDIA CAPITAL 2016 Revenues 0% Advertising +4% EBITDA +2% Channel Distribution +12%

18 MEDIA CAPITAL AUDIENCE 24 hours Prime time SIC SIC 18% 22% TVI 21% 36% PAY TV TVI 25% 30% PAY TV 25% 23% OTHERS OTHERS

19 DEBT REDUCTION Million % DTS Sale 25% Santillana Sale Liberty Refinancing Mediaset Ocher DTS Mediaset Trade Publishing M DTS IMG Convertible Bond M

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