1 / 10

JANUARY-SEPTEMBER 2004 RESULTS

JANUARY-SEPTEMBER 2004 RESULTS. GRUPO PRISA – 9M 2004 RESULTS. GRUPO PRISA OVERVIEW. Extraordinary 9M results. 9M 04 9M 03 EBIT margin: +14.6% +10.9% EBITDA margin: +21.4% +18.6% . Improving operating performance. Net debt 9M 04: € 620 MM Net debt/EBITDA: 2.0x – 2.5x.

nevaeh
Download Presentation

JANUARY-SEPTEMBER 2004 RESULTS

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. JANUARY-SEPTEMBER 2004 RESULTS

  2. GRUPO PRISA – 9M 2004 RESULTS GRUPO PRISA OVERVIEW Extraordinary 9M results 9M 049M 03 EBIT margin: +14.6% +10.9% EBITDA margin: +21.4% +18.6% Improving operating performance • Net debt 9M 04: € 620 MM • Net debt/EBITDA: 2.0x – 2.5x Financial position

  3. GRUPO PRISA – 9M 2004 RESULTS REVENUES Revenue performance by business line (€ Million) Performance (€ Million) +11.3% +5.1% +10.5% +7.3% -8.2% +117.9% 989 Advertising Books & Rights Newspapers Other Add-on’s Revenue breakdown by business line 9M 2003 9M 2004

  4. GRUPO PRISA – 9M 2004 RESULTS TOTAL GROUP € Million +11.3% 9M 04 9M 03 MAIN BUSINESS DRIVERS ADVERTISING CIRCULATION PUBLISHING NEW BUSINESSES • ADVERTISING REPRESENTS AROUND 34% OF TOTAL GROUP REVENUES • 9M 2004 PERFORMANCE: MAIN DIVISIONS RADIO EL PAÍS € Million +5.6% ADVERTSING +9.8% 9M 04 9M 03 9M 03 9M 04

  5. GRUPO PRISA – 9M 2004 RESULTS MAIN BUSINESS DRIVERS ADVERTISING CIRCULATION PUBLISHING NEW BUSINESSES • CIRCULATION REPRESENTS AROUND 16% OF TOTAL GROUP REVENUES • 9M 2004 PERFORMANCE: • ADDS ON BECOMING AN IMPORTANT LINE OF REVENUES AND PROFITS Main newspapers (copies sold) Total Group +7.3% € Million CIRCULATION 9M 04 9M 03

  6. GRUPO PRISA – 9M 2004 RESULTS MAIN BUSINESS DRIVERS ADVERTISING CIRCULATION PUBLISHING NEW BUSINESSES • PUBLISHING REPRESENTS AROUND 27% OF TOTAL GROUP REVENUES • 9M 2004 PERFORMANCE: • EXCELLENT EDUCATIONAL CAMPAIGN IN SPAIN AND MEXICO IN LINE WITH EXPECTATIONS +5.1% € Million PUBLISHING 9M 04 9M 03

  7. GRUPO PRISA – 9M 2004 RESULTS MAIN BUSINESS DRIVERS ADVERTISING CIRCULATION PUBLISHING NEW BUSINESSES • NEW DEVELOPMENTS INCLUDE: MUSIC, LOCAL TV, PRISACOM AND INTERNATIONAL MEDIA • FIRST HALF 2004 PERFORMANCE: LOSSES REDUCED BY 5% • Q4 PROSPECTS: CONTINUE IMPROVING EFFICIENCY AND CONTROLLING COSTS NEW BUSINESSES

  8. GRUPO PRISA – 9M 2004 RESULTS EBIT Performance (€ Million) EBIT by business line (€ Million) +48.1% 159 GDM 159 107 9M 2003 9M 2004 EL PAIS

  9. GRUPO PRISA – 9M 2004 RESULTS El País 9.9 Other 20.7 INVESTMENTS (€ Million) Total Investments: 215.4 Financial Operating TOTAL 128.5 TOTAL 86.9 22.9 Publishing Stake increase in Sogecable 102.8 Printing 11.3 Stake in Grupo Latino Radio 16.5 Other 9.2 8.6 Leisure & Entertainment 7.4 Radio International Media 6.1

  10. GRUPO PRISA – 9M 2004 RESULTS CASH FLOW STATEMENT (€ Million) 2003 2004 Net Debt (€ Million) EBIT 107 159 Depreciation & Amortization 60 60 +103 Working capital change (56) (60) CAPEX (64) (87) *620 516 Operating cash flow 47 72 Financial Investments (130) (129) Financial Result (6) (6) Extraordinary result (7) (21) Taxes (25) (23) Dividends (19) (21) 2 25 Other NET DEBT CHANGE 138 103 *Includes exchangeable bond

More Related