grupo prisa q3 2001 results conference call october 31th
TRANSCRIPT
GRUPO PRISAGRUPO PRISAQ3 2001 RESULTSQ3 2001 RESULTSCONFERENCE CALLCONFERENCE CALL
October 31thOctober 31th
Consolidated Figures
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
Net Net ProfitProfit
3Q 20003Q 20003Q 20003Q 2000 %%%%
850.44850.44
(€ mn)(€ mn)
81.8681.86
195.60195.60
126.95126.95
EBIT EBIT MarginMargin
14.9%14.9%
+9.4%
-21.6%
-8%
-14.2%
-21.5%
3Q 20013Q 20013Q 20013Q 2001
930.05
64.19
179.96108.9011.7%
Revenues Breakdown
NEWSPAPERS & MAGAZINES
BOOKS & RIGHTS
ADVERTISING
OTHER REVENUES
TOTAL SALESTOTAL SALES
(€ mn)(€ mn)
183.20
286.03
342.13
138.57
3Q 2000
+8.2%
+20.5%
-3.4%
+20,5%
%chg.
850.44850.44 +9.4%+9.4%
Consolidated Adjustments (99.49) +10.5%
198,20
344.69
330.52
166.95
3Q 2001
930.05930.05
(109.91)
Revenues by source
33% 38%
37% 34%
17%17%
1%
19%11%
2%
3Q01 3Q00
€€930.05 mn930.05 mn €€850.44 mn850.44 mn
Advertising Newspapers & MagazinesBooks & Rights
OtherMusic
Revenues by Business Unit
3Q 20003Q 2000
11%
15%
34%
26%EL PAIS
€850.44 mn
OTHER
TOTAL REVENUES
PUBLISHING
RADIO
SPECIALISED PRESS12%
14%
37%
23%
3Q 20013Q 2001
TOTAL REVENUES
€930.05 mn
14% 14%
EL PAIS
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
224.67
55.49
48.02
21.4%
(€mn)(€mn) 3Q 20003Q 2000 % chg.% chg.
-5.3%
Main FiguresMain Figures
212.81212.81
42.8942.89
35.6535.65
16.8%16.8%
3Q 20013Q 2001
-22.7%
-25.8%
Leadership in terms of circulation & Market Leadership in terms of circulation & Market shareshare
Leadership in terms of circulation & Market Leadership in terms of circulation & Market shareshare
30% Market Share30% Market Share
DAILY COPIES SOLDDAILY COPIES SOLD
EL PAIS
COPIES SOLD ON WEEKENDSCOPIES SOLD ON WEEKENDS
3Q 20013Q 2001
434,842434,842
709,856709,856
86,59
119,26
81,18
138,62
3Q01 3Q00
(€mn)(€mn)
Advertising SalesNewspaper & Magazines sales
Advertising56%
Newspapers &
Magazines41%
3Q01
EL PAIS
Revenues Revenues DistributionDistribution
Revenues Revenues DistributionDistribution
Others
Others 3%
6,96 4,86
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
130.90
26.69
22.55
(€mn)(€mn) 3Q 20003Q 2000 % chg.% chg.
+2.9%
Main FiguresMain Figures
RADIO
17.23%
134.75134.75
22.4522.45
17.7117.71
3Q 20013Q 2001
13.14%13.14%
-15.9%
-21.5%
9.863.000
MARKET SHAREMARKET SHARE
55%
GRUPO PRISA AUDIENCEGRUPO PRISA AUDIENCEIN SPAININ SPAIN
PUBLISHING
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
290.33
101.24
58.00
(€mn)(€mn) 3Q 20003Q 2000 % chg.% chg.
+20.8%
Main FiguresMain Figures
*Consolidation of Moderna Acquisition
19.9%
350.79350.79
113.38113.38
70.1170.11
3Q 2001*3Q 2001*
19.9%19.9%
+12.0%
+20.9%
3Q 2001:3Q 2001:
PUBLISHING
Revenues by Revenues by sourcesource
Revenues by Revenues by sourcesource
Revenues by Revenues by geographygeography
Revenues by Revenues by geographygeography
34.378.195 BOOKS SOLD34.378.195 BOOKS SOLD
SpainSpain &&
PortugPortugalal
36%36%
LatinLatin AAmmeericarica
&& USAUSA64%64%
EducationEducation70%70%
GeneralGeneralInterestInterest
12%12%
OtherOther8%8%LanguagesLanguages
10%10%
SOGECABLE
Canal Satélite DigitalCanal Satélite Digital subscriptions subscriptions: : 11,192,,192,565565Canal PlusCanal Plus subscriptions subscriptions: : 11,837,,837,469469
RevenuesRevenues
EBITEBIT
EBITDA MarginEBITDA Margin
637.74
(13.61)
(€mn)(€mn) 3Q 20003Q 2000 % chg.% chg.
+14.9%
Main FiguresMain Figures
11%
732.82732.82
2.972.97
3Q 20013Q 2001
16%16%+121.8%
EBITDAEBITDA 70.65113.99113.99 +61.3%
MUSIC
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
13.67
(0.89)
(1.11)
(€mn)(€mn) 3Q 20003Q 2000 % chg.% chg.
+76.4%
Main FiguresMain Figures
--
24.1124.11
0.530.53
0.210.21
3Q 20013Q 2001
0.9%0.9%
--
--
Total CAPEX September 2001Total CAPEX September 2001
20012001
Publishing 107,42107,4226,8226,82 Prisa and
others20,2320,23
Local TV
8,118,11
El Pais 16,4416,44
Music
2,512,51
Radio
3,163,16Other printed Media
7,507,50
Printing
9,759,75
Total CAPEXTotal CAPEX 202,13202,13
(€ mn)
Internet
Advertising sales agency
0,19
GRUPO PRISAGRUPO PRISAQ3 2001 RESULTSQ3 2001 RESULTSCONFERENCE CALLCONFERENCE CALL
October 31thOctober 31th