Warner Bros. Discovery, Inc. - Series A · NASDAQ:WBD
Warner Bros. Discovery, Inc. - Series A — ViacomCBS — Q2 2020 Earnings Presentation
13 slides from Warner Bros. Discovery, Inc. - Series A's earnings presentation, Aug 6, 2020
Slide 1: ViacomCBS Q2 2020 Earnings
VIACOMCBS 2 2020 EARNINGS August 6, 2020 VIACOM
Slide 2: Forward-looking statements
This communication contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities E
Slide 3: ViacomCBS: Q2'20 Takeaways
VIACOMCBS: Q2’20 TAKEAWAYS SOLID Q2 2020 RESULTS: Continued sequential financial improvement and operational momentum MANAGING THROUGH COVID-19: Successfully managing through the pandemic while strengthening financial flexibility and business operations CONSISTENT FOCUS ON VALUE CREATION: Unlocking
Slide 4: America's most-watched network for the 12th straight year
1 • • • • • • • • DOMESTIC STREAMING & DIGITAL VIDEO CABLE NETWORKS BROADCAST America’s most-watched network for the 12th straight year 3
Slide 5: Production, Film, Advertising
2 PRODUCTION • ⎯ ⎯ ⎯ • FILM ⎯ ⎯ ⎯ • ⎯ ADVERTISING • • 4
Slide 6: Consistent Focus on Value Creation
@ CONSISTENT FOCUS ON VALUE CREATION Expect to realize $300M in merger-related cost synergies in 2020, up from prior $250M target Expect to achieve $800M in annualized merger-related cost synergies by the end of 2022, up from prior $750M target Secured three cross-company deal renewals - Verizon, Di
Slide 7: Streaming users and consumption growth
3 • +61% +74% 26.5 • 22.4 24.2 16.2 18.1 13.5 16.5 11.2 9.3 10.4 ⎯ Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 ⎯ • +25% $489 ⎯ $390 ⎯ ⎯ Q2'19 Q2'20 6
Slide 8: On Track for Super Service Relaunch
ON TRACK FOR SUPER SERVICE RELAUNCH PREVIEW OF EXPANDED & ENHANCED OFFERING; FULL REBRANDED SERVICE T0 DEBUT IN EARLY ’21 3.5K+ NEW EPISODES & MOVIES ADDED 20K+ NOW AVAILABLE Differentiated, consumer-centric offering with live & on-demand content spanning entertainment, news and sports * Added 3,500
Slide 9: Financial
FINANGIAL VIACOM
Slide 10: Q2 2020 Quarterly Results
Q2 2020 QUARTERLY RESULTS Q2 2020 KEY CONSOLIDATED FINANCIALS (5 in mition, except per share data) YY Q2 2020 REVENUE — BY TYPE (5s mitvons) Revenue (12)% Adjusted OIBDA * 8% Adjusted Diluted EPS “ * (16)% Adjusted FCF * 275% © Adjusted EPS reflects a reduction for the non-controlling interest share
Slide 11: Revenue by type: advertising, affiliate, content licensing
-27% +2% ~ Flat $2,645 $2,155 $2,194 $1,934 $1,909 $1,902 Q2'19 Q2'20 Q2'19 Q2'20 Q2'19 Q2'20 • • • • • • • • 10
Slide 12: ViacomCBS: Q2'20 Takeaways
VIACOMCBS: Q2’20 TAKEAWAYS SOLID Q2 2020 RESULTS: Continued sequential financial improvement and operational momentum MANAGING THROUGH COVID-19: Successfully managing through the pandemic while strengthening financial flexibility and business operations CONSISTENT FOCUS ON VALUE CREATION: Unlocking
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