Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Investor Day (September 2006)
10 slides from Corus Entertainment Inc. Class B's investor day presentation, Sep 28, 2006
Slide 1: Investor Day – Financial Overview
Investor Day September 28, 2006 Financial Overview
Slide 2: Safe Harbour Disclosure
Safe Harbour Disclosure To the extent any statements made in this presentation contain information that is not historical; these statements are forward-looking statements within the meaning of applicable securities laws. These forward-looking statements related to, among other things, our objectives
Slide 3: Financial Priorities Recap – 2006
Financial Priorities Recap – 2006 Maintain growth momentum in Radio & TV Accumulate cash for debt reduction Strengthen the Balance Sheet
Slide 4: Financial Priorities 2006 – Progress Report
Financial Priorities 2006 – Progress Report Radio Revenue + 6% TV Advertising Revenue + 13 % High Yield Debt Refinanced Annual Interest Savings $ 22M Annual Dividend Increased from $0.10 to $0.86 Now Paid Quarterly One Million Shares Repurchased Net Debt/EBITDA 2.6x
Slide 5: Net Debt, Sept. 1, 1999 – Aug. 31, 2006
Net Debt Sept. 1, 1999 – Aug. 31, 2006 800 700 $ Million (Cdn) 600 500 400 300 200 100 0 1999 2000 2001 2002 2003 2004 2005 2006 Fiscal Year
Slide 6: Net Debt to EBITDA – Corus has a Strong Balance Sheet
Net Debt to EBITDA Corus has a Strong Balance Sheet Sept. 1, 1999 – Aug. 31, 2006 7.0 6.0 Net Debt to EBITDA x 5.0 4.0 3.0 2.0 1.0 0.0 1999 2000 2001 2002 2003 2004 2005 2006 Fiscal Year
Slide 7: Share Price Performance vs. Peers
Share Price Performance vs. Peers Strongest Year-Over-Year Growth 45 Corus 40 + 20% Closing Share Price $ (TSX) 35 30 July 12'06 25 BGM Bid Announced CHUM Share Price to $46.56 20 15 10 N M Ju Se Ja M Se ov ar ay l-0 n- p- p- -0 - -0 06 05 6 05 06 6 6 Corus Astral CHUM Alliance TVA
Slide 8: Share Price Performance vs. Peers (VWAP)
Share Price Performance vs. Peers (VWAP) Strongest Year-Over-Year Growth 40 +20% +11% +10% 0% (1) -15% 35 30 VWAP $ (TSX) 25 Aug 31'05 20 Aug 31'06 15 10 5 0 Corus Astral Alliance Chum TVA (1) CHUM VWAP based on the period from September 1, 2005 to July 11, 2006 (last trading day before BGM announce
Slide 9: Financial Priorities - 2007
Financial Priorities - 2007 Improve Operating Margin & Earnings Increase Dividend Improved Repurchase Shares Total Shareholder Return Increase Share Price
Slide 10: Guidance - 2007
Financial Guidance - 2007 Consolidated EBITDA $230 to $240 million Free Cash Flow $85 to $100 million