1 / 16

C ORPORACIÓN I NTERAMERICANA DE E NTRETENIMIENTO, S.A. DE C.V . FIRST QUARTER 2004

This report highlights the financial and operative results of CIE Entertainment in the first quarter of 2004, including revenue, EBITDA, attendance levels, and upcoming events. The report also provides an outlook for the remainder of 2004.

amandad
Download Presentation

C ORPORACIÓN I NTERAMERICANA DE E NTRETENIMIENTO, S.A. DE C.V . FIRST QUARTER 2004

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A. DE C.V. FIRST QUARTER 2004

  2. Agenda • Financial Results 1Q04 • Operative Results 1Q04 and the Outlook for 2004 2

  3. Operative Highlights 1Q04 1Q03 % Chg. (5%) 31% 25% 41% 31% (6%) N.A. 8% 32% (6%) 18% 21% 11% Events: Live Racetrack (racing days) Tickets sold through TM (mil.) Mexico South America Total Attendance Levels: Live events (mil.) Amusement Parks (mil.) Las Américas Racetrack (thous.) Sports Books and Yaks: Units in Operation Per Capita (Ps.) Pedestrian Overpasses: In operation Billboards Cineminutos: Screens at Movie Theatres 1,154 34 3.5 2.4 5.9 1.5 2.1 118 25 627 136 528 1,344 1,210 26 2.8 1.7 4.5 1.6 2.1 109 19 666 115 435 1,206 3

  4. Financial Highlights % Chg. 1Q04 1Q03 Dif. Results: Revenues EBITDA EBITDA Margin Operating Income CCF Balance Sheet: Current Assets Assets LTP & Other Assets Total Assets Debt Total Liabilities Stockholders’ Equity Other Information: ROIC WACC 1,608 360 22.4% 234 104 4,455 9,586 14,041 4,769 7,123 6,918 8.2% 9.5% 1,435 331 23.1% 226 52 4,323 10,022 14.345 4,382 6,444 7,900 7.8% 11.4% 173 29 (68 bp) 8 52 132 (436) (303) 386 678 982 40 bp (190 bp) 12% 9% N.A. 4% 101% 3% (4%) (2%) 9% 11% (12%) N.A. N.A. * Figures expressed in millions of Mexican pesos as of March 2004 4

  5. Revenues by Division 1Q03 + 11% + 16% 1Q04 + 12% * Figures expressed in millions of Mexican pesos as of March 2004 5

  6. EBITDA and EBITDA Margin Units opened Units in operation 1 1 2 3 1 4 1 5 1 6 3 9 1 10 1 11 4 15 4 19 2 21 2 23 2 25 6

  7. Revenues and EBITDA by Country 1Q03 1Q04 Revenues Ps. 1,435 Million Ps. 1,608 Million EBITDA Ps. 331 Million Ps. 360 Million . 7

  8. Debt At the end of the first quarter, CIE’s debt was Ps.4,769 Million Debt Bank Loans Securitized Loans Total Cash Net Debt Interest Paid Stockholders’ Equity EBITDA LTM Ratios: EBITDA-to-Interest Expense Net Debt/Stockholders’ Equity Net Debt / EBITDA LTM 2,103 2,666 4,769 693 4,076 112 6,918 1,583 3.22x 0.59x 2.57x Denomination Allocation Maturities 8

  9. Agenda • Financial Results 1Q04 • Operative Results 1Q04 and the Outlook for 2004 9

  10. CIE Entertainment • Live Events • A strong recovery in the 2004 schedule: Events Foro Sol Palacio de los Deportes Metropólitan Total 1Q03 1 3 6 10 1Q04 6 2 4 12 2003 13 8 22 43 2004* 15 20 25 60 * Scheduled to date • Theater • April 2004: Premiere of Joseph and the Amazing Technicolor • Dreamcoat • August 2004: Conclusion of Les Miserables • November 2004: Fiddler on the Roof • Mid-scale plays continue to run in 2004 • Venues • Completion of the remodeling of Salón 21 • Fairs • Monterrey and Tlaxcala (currently under negotiation), to be added to the fairs in Mexico • City (April), Pachuca (September-October) and Texcoco (October-November) • Christmas Pavillion in the Autódromo “Hermanos Rodríguez” 10

  11. Schedule of Upcoming Events • Fantasma • Cats • Cabaret • Mama Mia • Alejandro Sanz • Yes • Eros Ramazzotti • Blink 182 • Creedence • Michael Bolton • Vive Latino • Creamfields • Aleks Syntek • Pet Shop Boys • Stomp • Sting • Enrique Bunbury • Linkin Park • Judas Priest • Los Fabulosos Cadillacs • Sarah Brightman • REM • Metallica • Yanni • Norah Jones • Phil Collins • Joseph and the Amazing • Technicolor Dreamcoat • Fiddler on the Roof • Les Miserables • Caetano Veloso • Dulce Pontes • Emerson Nogueira • J Quest • Lulu Santos • Alex Cohen • Fabio Jr. • Rita Lee • Ed Motta • Motor Head • The Wailers • Jorge Bercilo • Carlos Braga • Roup Nova • Danzig • Dimmu Vorger • Luka • Ivete Sangalo • La Flor de Mi Buen Querer • Chicago • La Renga • Los Piojos • Peter Pan • South Fest • Moon Park 11

  12. CIE Entertainment Auto-Racing • Management Changes • Federico Alamán will replace Joe Heitzler as the General Manager; Michel Jourdain Sr. will continue to be responsible for Operations • Champ Car World Series • Monterrey (2nd competition): May 23, 2004 • Mexico City (15th competition): November 17, 2004 • Corona Challenge 2004: The most important auto-racing series in Mexico • NASCAR-style cars and regulations; 14 competitions • in central and northern Mexico: Mexico City Guadalajara San Luis Potosí León Monterrey Torreón Querétaro Zacatecas • Multi-year event that will run from June-December in 2004 12

  13. CIE Las Américas • Sports Books and Yaks • Two new units in Ecatepec (Coacalco) and Mexico City (Misterios); 25 units by March • 2004 • Ten units confirmed for the remainder of the year: Villahermosa, Querétaro, Torreón, • Tonalá, Hermosillo, Neza City, Monterrey, Morelia, Cuautitlán Izcalli and Reynosa • Calle de Entretenimiento • The Mills Corp. (Wannado Miami) as a potential developer of the concept • Granja Las Américas • Construction in line with the budget • Grand opening scheduled for July 1, 2004 13

  14. CIE Commercial • Publitop • Advertising space on the connecting ramps of the Mexico City Airport • Marketing of digital screens in all 13 airports operated by Grupo Aeroportuario • Centro Norte • Unimarket • Merger of static and rotating advertising operations as part of the Commercial • Division’s reorganization 14

  15. CIE Amusement Parks: Wannado City ™ • Grand Openingin the Sawgrass Mills Mall Miami: July 2004 • Sponsorships • Six sponsorships signed to date • Ten additional sponsorships will be signed later, prior • to the park’s opening • Construction • Interior: 75-80% completed • Exterior (facade): Nearly finished • Mechanical and Electrical Systems: Will be finished in the • following weeks • Wannado City™Chicago: Preliminary Feasibility Study 15

  16. CIE International • Spain: Effect of the Events of March 11th • Temporarily affected but trending towards recovery Attendence Levels Mar.04 49% 60% 85% N.A. Apr.04E 41% 56% 88% N.A. Fantasma Cats Cabaret Mama Mia Until May.04 Until May.05 Until Feb.05 Begining 4T04 Coliseo Lope de Vega Alcalá Coliseo • Brazil: Expansion to other cities through new productions • The musical Chicago opened in Sao Paulo in April replacing Beauty and the Beast; • La Flor de Mi Buen Querer will end its season soon. • Argentina: The optimization of operations and a recovery in consumption • Higher attendence and percapitaconsumptionat the Zoo; a greater number of local and • international productions and small-scale theatrical performances. • Launch of Rock&Pop TV on cable • Divestiture of AMs: the sale of Radio del Plata was completed; Radio Libertad selling process • continues 16

More Related