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GRUPO PRISA. Year 2000 RESULTS. LEADING MULTIMEDIA GROUP IN SPANISH LANGUAGE NEWS, EDUCATION, CULTUR E AND ENTERTAINMENT WORLDWIDE. March 2001. Main Figures: Year 2000 Results. Evolution per Business Unit. Group Strategy. SU M MAR Y. Main Figures: Year 2000 Results. - PowerPoint PPT Presentation
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March 2001
Year 2000 RESULTS
LEADING MULTIMEDIA GROUP IN SPANISHLEADING MULTIMEDIA GROUP IN SPANISHLANGUAGE NEWS, EDUCATION,LANGUAGE NEWS, EDUCATION, CULTUR CULTUREE
AND ENTERTAINMENT WORLDWIDEAND ENTERTAINMENT WORLDWIDE
GRUPO PRISAGRUPO PRISA
SUSUMMMARMARYY
Main Figures: Main Figures: Year 2000 ResultsYear 2000 Results
Evolution per Business UnitEvolution per Business Unit
Group StrategyGroup Strategy
Evolution per Business UnitEvolution per Business Unit
Group StrategyGroup Strategy
Main Figures: Main Figures: Year 2000 ResultsYear 2000 Results
Revenues EBITDAEBITEBIT/Sales Net Profit(before Extraordinary Items)
(€ mn)
Main FiguresMain Figures
% chg.1999 2000
NET PROFIT GROWTH 1999-2000 = -6.4%
ADJUSTMENT OF 1999 EXTRAORDINARY ITEMS
195136
14.2%67
959
207147
13.2%93
1,108+6.0%+7.4%
-7.0%+37.7%
+15.5%
Newspapers and magazinesBooks and rightsAdvertisingOther revenuesConsolidation adjustmentsTotal sales
(€ mn)
235 268
419
155(118)
959
RevenuesRevenues
% chg.1999 2000
255 310
488
199(143)
1,108
+8.4% +15.8%
+16.4%
+28.0%
+15.5%
--
SALES = €959 mnSALES = €959 mn
20002000
SALES = €1,108 mnSALES = €1,108 mn
19991999
17%
11%
28%
7% 29%8%
16%
12%
28%
5% 29%10%
El País Publishing
Specialised Press Printing Radio
Others
Revenues by mediaRevenues by media
Revenues by geographyRevenues by geography
SALESALES = €959 mnS = €959 mn
20002000
SALESALES = €1S = €1,,108 mn108 mn
19991999
85%
15%
SpainSpain
Abroad
80%
20%
SpainSpain
Abroad
28%
12%
19% 41%
Revenues by sourceRevenues by source
SALESSALES = €959 mn = €959 mn
BOOKS AND RIGHTS
NEWSPAPERS ANDMAGAZINES
ADVERTISING
OTHER REVENUES
20002000
SALESALES = €1S = €1,,108 mn108 mn
28%
18%
12%
42%
BOOKS AND RIGHTS
NEWSPAPERS ANDMAGAZINES
ADVERTISING
OTHER REVENUES
19991999
The Advertising MarketThe Advertising Market: : Better RelativeBetter RelativeProspects for SpainProspects for Spain
THE SLOWDOWN OF ADVERTISING GROWTH IS EXPECTED TO BE THE SLOWDOWN OF ADVERTISING GROWTH IS EXPECTED TO BE LOWERLOWER
IN SPAIN THAN IN EUROPE AND THE UNITED STATESIN SPAIN THAN IN EUROPE AND THE UNITED STATES
8% 9% 9%7% 6%
10%
16%
8%
13%
16%
12%
25%31%
0%
5%
10%
15%
20%
1998 1999 2000 2001E 2002E
GROWTH OF ADVERTISINGGROWTH OF ADVERTISING(1)(1)
1 Source: Zenith Media. 2000
EuropeSpainGrupo Prisa
YearYear 2000 Investments 2000 Investments
20002000
Affiliates and Subsidiaries 213213
2929Santillana
El Pais 2626
Specialised and local press 1515
Local radio and TV 2424
Music 22
Internet 55
Media advertising sales 66
Printing 2244
Total CapexTotal Capex 344344
(€ mn)
International PresenceInternational Presence
FRANCE
SPAIN
UNITED KINGDOM
PORTUGAL
GDP growth forecasts of 4% in year 2001 and 4.6% in year 2002
LATIN AMERICA
USA
DOMINICAN REPUBLICPUERTO RICOCOSTA RICA
VENEZUELABRAZIL
MEXICOGUATEMALA
EL SALVADORPANAMA
COLOMBIA
ARGENTINACHILEURUGUAY
ECUADORPERU
BOLIVIA PARAGUAY
1 Source: Zenith Media. 2000
Group StrategyGroup Strategy
Evolution per Business UnitEvolution per Business Unit
Main Figures: Main Figures: Results in the Year 2000Results in the Year 2000
Continous GrowthContinous Growth
82
147
0
20
40
60
80
100
120
140
160
97 98 99 2000
(€ mn)
EBITCAGR:+21.5 %
1.108
715
0
200
400
600
800
1.000
1.200
97 98 99 2000
(€ mn)
SALESCAGR:+15.7 %
50
93
0102030405060708090
100
97 98 99 2000
(€ mn)
133
207
0
50
100
150
200
250
97 98 99 2000
(€ mn) EBITDACAGR:+15.8 %
NET PROFIT (BEFORE EXTRAORDINARY ITEMS)
CAGR:+22.0 %
Continous GrowthContinous Growth
15.5%
10.9%
14.2%
10.2%
0%
4%
8%
12%
16%
97 98 99 2000
EBIT/EBIT/SaleSaless Margin Excluding New Business Margin Excluding New Business LinesLines::
Internet, MInternet, Muusic sic andand Local Local Press Press
Operating MarginOperating Margin
13.2%
10.9%
14.2%
10.2%
0%
4%
8%
12%
16%
97 98 99 2000
EBIT/EBIT/Sales MarginSales Margin IIncluncluding New Business ding New Business LinesLines
Operating MarginOperating Margin
Financial StructureFinancial Structure
204
476
20002000
19991999
546
342
5251:1
1:1
GEARINGGEARING3737..4%4%
YEAR(€ mn)
-49
NET DEBT
SHAREHOLDERS’ EQUITY
BORROWING CAPACITY
EL PAIS: EL PAIS: Leader in Circulation and Leader in Circulation and in Advertising Revenuesin Advertising Revenues
•Leadership in terms of circulation
•Growth of sales by 16.9%
-Growth of advertising revenues by 20.1%
277
61
22.0%
(€ mn)
323
74
23.0%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
+16.9%
+21.3%
+4.5%
69 84 +21.0%
•New business in local press
•Revenues:
•Advertising revenues: +53.8%•Revenues from sales of newspapers: +12.6%
SPECIALISED PRESSSPECIALISED PRESS: Growing : Growing Market ShareMarket Share
•Cinco Días; Circulation: 28,361 copies (+0,3%)
•Diario AS; Circulation: 158,730 copies (+11%)
176
3.9%
212
-1.2
-0.6%
(€ mn)
7
+20.5%
--
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
--
3.39 -63.9%
RADIO AND LOCAL TVRADIO AND LOCAL TV: : leading position inleading position inSpain and strong growth iSpain and strong growth in Latinn Latin A Ammeericarica
•Sales increase: +12.8%
•New local TV business
164
31
18.9%
(€ mn)
185
34
18.4%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
+12.8%
+9.7%
-0.10%
35 40 +14.5%
PUBLISHINGPUBLISHING: : large growth potentiallarge growth potentialin Latin Americain Latin America
• Leadership in the educational sector in Spain and in Latin America
Spain and
Portugal45%
Latin Americaand USA
55%
• Education Business Development
• Growth of sales by 14.7%
272
25
9.2%
(€ mn)
312
33
10.6%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
+14.7%
+32.0%
+15.2%
53 59 +9.8%
SOGECABLE: Towards SOGECABLE: Towards ProfitabilityProfitability
• Canal Satélite Digital subscriptions: 1,051,563
795
-22.6
-2.8%
(€ mn)
891
3.3
0.4%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
+12.1%
--
--
90 119 +32.5%
•Canal Plus subscriptions: 1,758,148
• Operating result: - €11.7 mn
PRISACOM: PRISACOM: The The Internet Internet BusinessBusiness
• Revenues amounting to € 5.5 mn
• 200,198 Inicia customers as of 31 December
2000
• Joint Venture with Universal Music Group: Muxxic Latina
• First Operating year
GRAN VÍA MUSICAL GRAN VÍA MUSICAL
24
-0.8
-3.3%
(€ mn)
Revenues
EBITDA
EBIT
EBIT/Sales
2000
-0.8
GDM: GDM: Advertising SalesAdvertising Sales
• Managed Volume: €278 mn
79
8.4%
86
8
9.3%
(€ mn)
7
8.6%
19.4%
10.0%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
87 16.3%
To third parties66%
To Grupo Prisa34%
93
13.0%
90
15
17.0%
(€ mn)
12
-3.0%
+25.0%
+31.0%
Revenues
EBITDA
EBIT
EBIT/Sales
1999 2000 % chg.
2321 9.4%
Export33% Domestic
67%
2000
PRISAPRINT: PRISAPRINT: PrintingPrinting
Main Figures: Main Figures: Results in the Year 2000Results in the Year 2000
Evolution per Business UnitEvolution per Business Unit
Group StrategyGroup Strategy
CONSOLIDATECONSOLIDATE CREATECREATEGROWGROW
Leadership in press, radio, education, and pay-TV
Growth of advertising
STRATEGSTRATEGYY: Consolida: Consolidatete, , GrowGrow andand Crea Createte... ...
Education, Radio, Music and Internet
Markets:
-Latin America (Mexico and Brazil)
-U.S.
Development of new contents for new business lines:
-Audiovisual Production (Spain and Latin America)
-Economic and Financial Information Services
- Internet: Vertical Portals. Mobile Services. E-learning
STRONG FINANCIAL STRUCTURESTRONG FINANCIAL STRUCTURE
INTERNATIONAL PRESENCEINTERNATIONAL PRESENCE
HUMAN TEAMHUMAN TEAM: :
-CREATIVITY -CREATIVITY
-MANAGEMENT SKILLS-MANAGEMENT SKILLS
LARGE GROWTH POTENTIALLARGE GROWTH POTENTIAL
......supported by our strengthssupported by our strengths
March 2001
Year 2000 RESULTS
LEADING MULTIMEDIA GROUP IN SPANISHLEADING MULTIMEDIA GROUP IN SPANISHLANGUAGE NEWS, EDUCATION,LANGUAGE NEWS, EDUCATION, CULTUR CULTUREE
AND ENTERTAINMENT WORLDWIDEAND ENTERTAINMENT WORLDWIDE
GRUPO PRISAGRUPO PRISA