corporación interamericana de entretenimiento, s.a. de c.v. 2q2005

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Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

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Page 1: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Corporación Interamericana de Entretenimiento, S.A. de C.V.

2Q2005

Page 2: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

 

As a precautionary note to investors, except for the historic informationhere provided, statements included in this document constituteforward-looking statements. Such statements assume risks and uncertainties,including the economic conditions in Mexico and other countries where CIEoperates, as well as the fluctuation of the Mexican peso compared to theU.S. dollar.

The use of registered trademarks or commercial trademarks within thisdocument are exclusively for illustrative purposes and are not meant toviolate the rights of the creators and/or intellectual property lawsapplicable in the countries in which CIE, its subsidiaries, and thosecompanies with which CIE maintains commercial or business relationships,operate.

Page 3: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Key Financial Indicators

2Q052Q04

2,203

48522.0%

1742.8x

2,8058,220

10,34618,566

7,36810,119

8,447

0.9x

2,015

45622.6%

1094.2x

6694,752

10,37015,122

5,0927,670

7,452

0.7x

% Chg

9.3%

6.4%(60 pb)

60.3%(1.4x)

319.5%73.0%(0.2%)22.8%

44.7%31.9%

13.3%

0.2x

Note: All of the figures listed in this section are expressed in millions of Mexican pesos as of June 2005, with the exception of the financial ratios and percent changes. The figures, financial ratios and percent changes may vary due to rounding

6M04 6M05

3,694

83222.5%

2193.8x

4,033

88421.9

%

3262.7x

% Chg

9.2%

6.3%(60 pb)

49.2%(1.1x)

2Q05

6896,104

10,34616,450

5,2137,964

8,447

0.6x

% Chg

3.0%27.6%(0.2%)

8.8%

2.4%3.8%

13.3%

(0.1x)

Pro forma *

* For the 10-year Bond for US$200 millon, issued on June 14, 2005

Revenue

EBITDAEBITDA Margin

Interests paid, netEBITDA / Interests paid, net

CashCurrent AssetsL.T. Assets & Other AssetsTotal Assets

DebtTotal Liabilities

Stockholders´Equity

Debt / Stockholders´Equity

Page 4: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Las Américas25%Parks

7%

International13%

Commercial28%

Entertainment27%

Las Américas39%

Parks3%

International11%

Commercial39%

Entertainment8%

Strategic Business Units

REVENUE 2Q05 = Ps.2,203 MM

EBITDA 2Q05= Ps.485 MM Event SponsorshipsNaming RightsPedestrian OverpassesSignageCineminutosRotating AdvertisingFood, Beverages and SouvenirsTrade Fairs and ExhibitionsRadio Stations in Argentina

Ticketing (Ticketmaster) in Arg., Brazil and MexicoTele-services

Mexico:

Event promotion

Theater Productions

Operation of Venues

Artistic Agency

Food, Beverages and Souvenirs

Ticketing (Ticketmaster)

Special and Corporate Events

Sports Books & YaksHorse RacetrackCentro BanamexGranja Las Américas

Sponsorship of events ouside of MexicoSignagePedestrain OverpassesCineminutosMedia InnovationsRotational AdvertisingNaming RightsTele-services

8 Parks in Mexico2 Parks in BogotaWannado City in Miami

Promotion and Sponsorship of events and theatrical productions: Argentina and BrazilBuenos Aires Zoo Radio Stations in ArgentinaLatin Event Promotion in USA

Promotion of events and theater productions in: Arg., Brasil, Chile, Mexico and USAEvent SponsorshipsOperation venueArtistic AgencySpecial and Corporate EventsSports Books & YaksHorse RacetrackCentro BanamexGranja Las AméricasAmusement Parks in Colombia, USA and MexicoBuenos Aires ZooMedia Innovations

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Page 5: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Entertainment27%

Entertainment8%

57

89

26

36

2Q04 2Q05 6M04 6M05

51

118

83

39

2Q04 2Q05 6M04 6M05

593 597

1,170

1,035

2Q04 2Q05 6M04 6M05

CIE Entertainment

8.7%

* Note: EBITDA - Capex

6.5% 10.1% 8.0%OPERATIVE CASH FLOW*

EBITDA Revenue 2Q05

EBITDA 2Q05

REVENUE

2Q052Q04 % Chg 6M04 6M05 % Chg

# of presentations:Concerts TheaterOtherTotal

Attendance:Total (thousands)

Ticketmaster:Tickets (thousands)Ps.15 Ps.12 Ps.29 Ps.25

(12%)

+1%

(25%)

(30%)

(36%)

(27%)

179556201936

1,221

3,115

150425173748

1,267

3,960

(16%)(24%)

(4%)(20%)

+4%

+27%

2671,016

3361,619

1,969

6,653

137878311

1,426

2,090

7,461

(49%)(14%)

(7%)(12%)

+6%

+12%

EBITDA Margin

Capex

Page 6: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Las Américas25%

103

150

67

17

2Q04 2Q05 6M04 6M05

157

329300

191

2Q04 2Q05 6M04 6M05

1,035

896

557

457

2Q04 2Q05 6M04 6M05 Las Américas39%

CIE Las Américas

34.4% 34.2% 36.7% 29.9%OPERATIVE CASH FLOW*

EBITDAREVENUE Revenue 2Q05

EBITDA 2Q05

2Q052Q04 % Chg 6M04 6M05 % Chg

Horse Racetrack:Racing DaysRaces

Centro Banamex:Events

Books/ Yaks:Per capita (Ps.)Attendance (millions)Units in Operation

Granja:Attendance (thousands)

Ps.141 Ps.123 Ps.179 Ps.197

+22%

+12%

+21%

(9%)

+306%

(31%)38

378

208

566.61

1.728

N.A

39426

216

566.90

1.933

152

3%13%

4%

N.A.7%

18%

N.A.

73727

413

597.88

3.328

N.A.

64699

356

579.11

3.733

278

(12%)(4%)

(14%)

(3%)13%

+18%

N.A.

Capex* Note: EBITDA - Capex

EBITDA Margin

Page 7: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Commercial39%

Commercial28%

370

207178

143

2Q04 2Q05 6M04 6M05

173

237

384

189

2Q04 2Q05 6M04 6M05

1,172

769

613537

2Q04 2Q05 6M04 6M05

CIE Commercial

32.2% 30.9% 30.8% 32.7%

Jun ‘05Jun ‘04 % Chg

Pedestrian Overpasses:StructuresAdvertisements

Advertisments in Cinemas:Screens

+14%

+52%

+9%

+62%

+79%

+24%

Ps.30 Ps.11 Ps.30 Ps.14

178654

1,356

197732

1,502

+11%+12%

+11%

Capex

OPERATIVE CASH FLOW*

EBITDAREVENUE

EBITDA Margin

Revenue 2Q05

EBITDA 2Q05

* Note: EBITDA - Capex

Page 8: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

International11%

International13%

8786

49

29

2Q04 2Q05 6M04 6M05

52

109

98

53

2Q04 2Q05 6M04 6M05

518

627

280301

2Q04 2Q05 6M04 6M05

CIE International

17.3% 19.1% 17.4% 18.9%

Argentina# of presentationsAttendance (thous)Tickets TM (thous)Visitors Zoo

Brazil# of presentations Attendance (thous)Tickets TM (thous)

Spain# of presentationsAttendance (thous)

+1%

+67%

+2%

(10%)(17%)

(7%)

Ps.23 Ps.4 Ps.23 Ps.11

50236611171

154200564

269228

68132488165

183316721

N.A.N.A.

122346

1,178470

260472

1,865

560474

69136

1,029468

258462

1,198

N.A.N.A.

+36%(44%)(20%)

(4%)

+19%+58%+28%

N.A.N.A.

(43%)(61%)(13%)

(1%)

(1%)(2%)

(36%)

N.A.N.A.

Capex

OPERATIVE CASH FLOW*

EBITDAREVENUE

EBITDA Margin

Revenue 2Q05

EBITDA 2Q05

2Q052Q04 % Chg 6M04 6M05 % Chg

* Note: EBITDA - Capex

Page 9: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Parks3%

Parks7%

-106

-6

-183

-82Q04 2Q05 6M04 6M05

22

39

20

13

2Q04 2Q05 6M04 6M05

305

230

155127

2Q04 2Q05 6M04 6M05

CIE Amusement Parks

17.2% 8.4% 16.8% 6.6%

Visitors (thousands):MexicoColombiaWannadoTotal

Per Capita (Ps.):MexicoColombia WannadoTotal

+23%

+33%

(40%)

(48%)

(94%)(94%)

Ps.127 Ps.20 Ps.221 Ps.28

1.50.4

N.A.1.9

67.8144.31

N.A.64.67

1.00.20.11.3

83.9359.46254.1

696.88

3.00.6

N.A.3.6

68.6247.60

N.A.65.47

2.00.40.32.7

81.4569.23274.6

796.94

(33%)(46%)

N.A.(32%)

+24%+34%

N.A.+50%

(34%)(63%)

N.A.(24%)

+19%+45%

N.A.+48%

Capex

Revenue 2Q05

EBITDA 2Q05

OPERATIVE CASH FLOW*

EBITDAREVENUE

EBITDA Margin

2Q052Q04 % Chg 6M04 6M05 % Chg

* Note: EBITDA - Capex

Page 10: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

10 year Bond for US$200 million; interest rate of 8.875%: Purchase Orders for US$300 millon; more than 50 international investors Moody’s Ba2; S&P B+

Capital increase for Ps.1,100 millon (100% subscribed), which enabled CIE to acquire 25% de CIE Las Américas from Sinca Inbursa for Ps.990 millon

DEBT PROFILE (DEC 2004) CURRENT DEBT PROFILE POST- REFINANCING

Noteworthy Events

117

31

223

57

2672

24 26

57

26 5 37

197

45

35

2005 2006 2007 2008 2009 2010 2011

Bank Loans-Pesos Bank Loans-USD UDIs Notes

0

200

110

9

29 31 26

57

26

200

3526

57

2624207

115

3

2005 2006 2007 2008 2009 2010 2011 2015Bank Loans - Pesos Bank Loans - USDUS $200 Million Bond New NotesNotes

Figures in millons of USD Figures in millons of USD

Page 11: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Open Television Cable Television Satellite Television Video/ DVD Internet Video games Music/ radio Internet Gambling

Movies Video games (Recórcholis, Moy,

etc.) Amusement Parks Live Entertainment:

- Sports - Theater, concerts/ cultural - Popular/ Palenque - Dances

Gambling Family Entertainment Centers: Dave

& Busters, Recórcholis, Div. Moy, etc.

FREE TIME INDUSTRY

TravelReading

Hobbies

They compete for people’s time and money

Restaurants Sports

ENTERTAINMENT

“IN-HOME” ENTERTAINMENT “OUT-OF-HOME” ENTERTAINIMENT

Free Time Industry

Page 12: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Content

Tecnology / Formats

Out-of-HomeIn-Home Advertising

Free Time Industry (cont.)

Page 13: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Content

Tecnology / Formats

In-Home Out-of-Home

Radio - Digital Radio Television - Tivo, other media Walkman - iPod Camara - Digital camara (cellular) Nintendo - Game Boy (portable)

Free Time Industry (cont.)

Page 14: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Drawings21%

Below-the-line27%

Movies (Exhibition)20%

Cable TV 6%

Editorial7%

Radio4%

Entertainment15%

Television41%

Cable TV 4%

Drawings12%

Below-the-line16%

Entertainment9%Radio

2%

Movies (Exhibition)12% Editorial

4%

MEDIA AND ENTERTAINMENT MEXICO 2004 NOT INCLUDING OPEN TV

MEDIA AND ENTERTAINMENTO MEXICO 2004

Principal Source: Expansión 500, June 2005 * Complementary Source: CIE Estimates

Investment in Media and Entertainment

Page 15: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Growth in 2005 will come from the promotion of a strong “live events” calendar:

In addition, CIE Entertainment expects there to be a significant increase in the sale of advertising sponsorships

Emphasis on International EventsLive Automobile Racing Events (p.e. Nascar Series)“Cirque du Soleil”“Disney on Ice” outside of Mexico City

Some upcoming events that will be presented in Mexico during the second half of 2005 include:

Avril Lavigne Jaguares Keane Judas Priest Scorpions Garbage Mobie Apocalyptica Botellita de Jeréz

Queensryche Paul McCartney Sarah Brightman Peter Gabriel Phil Collins RBD La Academia IV Enrique Bunbury Bacilos

Besame Mucho Los Monólogos de la Vagina Violinista en el Tejado Defendiendo al Cavernícola Cats Buscando a Nemo Cirque du Soleil Feria del Futból

CIE Entertainment

                                                            

Page 16: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Media Innovations:

Increase in the development of application technologies geared towards clients’ promotional campaigns.New promotional and informational formats through the use of new interactive and effective strategies

Pedestrain Overpasses:

Consolidation in Guadalajara, Cuernavaca and Aguascalientes; operations in Puebla started

Renovation of existing concessions to be exploited over the long-term (10 years)

Digital Advertising in Airports:

Implementation of digital panels in the 13 airports operated by Grupo Aeroportuario Centro NorteBusiness proposal to airport operators in Mexico (approx. 24 airports)

CIE Commercial

Page 17: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

IGT is a world leader in the development, design, production, distribution and sale of computerized gaming terminals

Publicly-listed company on the NYSE (Ticker: IGT)Market Cap of US$10 billionAnnual sales of US$2,500 millon

CIE signed a contract with IGT to provide terminals for the launch of electronic number-based games.

Terminals:

Centralized technology platforms to conduct multiple numbers-based games at the same time Participants play simultaneously with other players who are connected to a centrally operated computer

CIE Las Américas

Page 18: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Brazil:

Continue to increase the number of local events and regional tours in the countryExpansion of proprietary advertising channels

- Digital Information Systems- State-of-the-art Digital Content

Local, small-scale theatrical productions and Broadway-style productions

Argentina:

Gradual increase in revenues from live events and the Zoo due to improvements in the Argentine economy

Radios stations strategy continues to be redefined

CIE International

Page 19: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Judas Priest Dream Factory Donna Summer Chiclete com Banana Momix Seicho no Ie Átomo Marcelo D2 Ajom Fagner Roberto Carlos Kid Abelha Zeze di Camargo e Luciano Rock and Run Megadeath Stillus Tony Bennett Hammstein Maria Bethánia Ivete Sangalo Jota Quest Donna Summer Dream Factory Seal Diávolo Albert Einstein

CIE International

Buddy Guy Bruno e Marrone Dream Theater Pao de Acucar Xuxa Sol da Meia Noite Caboré Projecto Acordes Liberdade para As Borboletas Leo Maia After Forever Forte Real Tres Homens Baixos Engenheiros do Hawaii Emílio Santiago Adriana Partimpim Pedro Mariano Nando Reis Los Hermanos Beto Guedes Luciana Mello Roupa Nova Gabriel o Pensador Toquinho Jorge Vercilo Caetano Veloso

TALENT SCHEDULED FOR AUGUST-DECEMBER 2005

La Renga Monster of Rock Avril Lavigne Splipknot Festival Rock & Pop Ataque 77 Los Cafres Las Pelotas Catupecu Machu Divididos Bersuit Rata Blanca Árbol Aladin La Revista Unipersonal de Posca Festival Música Electrónica

Page 20: Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

CIE Amusement Parks

Wannado Entertainment:

Continue refining operations, costs and expensesIntroduction of multi-passes and promotions for Florida residents New pavillion: Coca-Cola bottling plantNew Sponsor: Motorola Montly attendance is up, from 18,000 in August 2004 to 40,000 in June 2005

Other points regarding Wannado:

Analyze the possibility of expanding Wannado to other cities in the US, specifically NY Expansion of the strategy to offer sponsorship packages to Mexican clients

(p.e. Mexicana de Aviacion)