Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — FY2007 Earnings Presentation
26 slides from Alma Media Oyj's earnings presentation, Feb 13, 2008
Slide 1: Alma Media Corporation Q4 & FY 2007 Review
Alma Media Corporation Q4 & FY 2007 Review Kai Telanne, CEO Teemu Kangas-Kärki, CFO 13.2.2008
Slide 2: Highlights FY 2007
Highlights FY 2007 • A good year for Alma Media as a whole • Advertising sales grew faster than market growth: 10 % vs. 6 % • Newspapers’ circulation sales developed well • Kauppalehti steered to clearer waters after restructuring efforts • Marketplaces in a good 34 % growth • Dividend proposal of 0
Slide 3: Key figures 2004-2007, MEUR
Extraordinary items Key figures 2004-2007, MEUR Net Sales EBIT 350 +9,0% 80 300 70 +14,0% 60 250 50 200 40 150 30 100 20 50 10 0 0 2004 2005 2006 2007 2004 2005 2006 2007 Alma Media Corporation 13 February 2008 3
Slide 4: Media Markets in Finland Q4 & FY 2007
Media Markets in Finland Q4 & FY 2007
Slide 5: Media advertising Alma Media vs. market Q4 2007
Media advertising Alma Media vs. market Q4 2007 Market Alma Media Change, % Q4 07 * Q4 07 Newspapers 0,4 0,4** Magazines 1,6 - Television 8,3 - Radio 1,2 - Internet 27,7 43,5 TOTAL 3,9 5,7 Source: * TNS Media Intelligence ** Newspapers-segment (excl. online services), Kauppalehti and Etuovi.com prin
Slide 6: Most advertised branches Q4 2007
Most advertised branches Q4 2007 Newspapers Total Adv. Sales Q4 07 MEUR Retail 7,7 % Retail 64 Motor v. -7,5 % Motor vehicles 17 Food & bev -18,8 % Food & beverages 1 Tele -33,9 % Telecommunications 5 Houses 3,7 % Houses and 12 premises Entert. 4,8 % Entertainment 7 Tourism -8,6 % Tourism and traffi
Slide 7: Media advertising Alma Media vs. market Q1-Q4 2007
Media advertising Alma Media vs. market Q1-Q4 2007 Market Alma Media Change, % Q1-Q4 07 * Q1-Q4 07 Newspapers 4,2 4,9** Magazines 4,2 - Television 7,9 - Radio 3,0 - Internet 24,0 37,5 TOTAL 6,0 10,0 Source: * TNS Media Intelligence ** Newspapers-segment (excl. online services), Kauppalehti and Etuov
Slide 8: Most advertised branches Q1-Q4 2007
Most advertised branches Q1-Q4 2007 Newspapers Total Adv. Sales 1-12/ 07 MEUR Retail 5,9 % Retail 212 Motor v. -3,7 % Motor vehicles 75 Food & bev -12,2 % Food & beverages 5 Tele -24,1 % Telecommunications 18 Houses and 54 Houses 10,2 % premises Entert. 5,8 % Entertainment 26 Tourism -6,9 % Tourism
Slide 9: Segments Q4 2007
Segments Q4 2007
Slide 10: Newspapers Q4/07
Newspapers Q4/07 • Net sales grew 1.8 % to 59.3 MEUR – Media sales up 3.0 % • Tough comparables and local market differences • Iltalehti improved its media sales both from print and online Picture size – Circulation sales grew by 1.9 % 63 x 132mm • Aamulehti and Lapin Kansa performed well 100dpi • I
Slide 11: Kauppalehti Q4/07
Kauppalehti Q4/07 • Kauppalehti Group net sales 19.1 MEUR (19.0 MEUR) – Net sales brought down by the discontinuation of Presso – Online businesses (ePortti and Kauppalehti.fi) and BNS grew well Picture size • Kauppalehti circulation sales up 4.6 % 63 x 132mm – Circulation sales of the customer maga
Slide 12: Marketplaces Q4/07
Marketplaces Q4/07 • Net sales grew 25.7 % to 8.0 MEUR • Domestic growth 26.5 % – Monster.fi growing at almost 50 % rate – Mikko.fi service picking up online traffic Picture size • Foreign operations up 22.9 % 63 x 132mm 100dpi – City24 in Estonia: again good growth and profit – City24 expanded to C
Slide 13: Financial Review FY 2007 & Q4
Financial Review FY 2007 & Q4
Slide 14: Sales breakdown 2007, MEUR
Sales breakdown 2007, MEUR Total Sales 328,9 EUR Million Others Other sales 0,7% 10,7% Marketplaces 9,2% Printing sales 0,6% Kauppalehti group 21,3% Advertising Sales by Sales by sales segment type 48,8% Circulation sales 39,9% Newspapers 68,8% Alma Media Corporation 13 February 2008 14
Slide 15: Net sales break down 2007, MEUR
Net sales break down 2007, MEUR Alma Media Newspapers Kauppalehti Group Marketplaces 328,9 230,6 70,1 30,9 Newspapers 68,8% Aamulehti 39,2% Kauppalehti 59,6% Etuovi 47,0% Kauppalehti Group 21,3% Iltalehti 24,0% Lehdentekijät 19,9% Monster 23,1% Marketplaces 9,2% Northern Newsp. 16,0% Kauppalehti 121
Slide 16: Key figures 2004-2007, MEUR
Extraordinary items Key figures 2004-2007, MEUR Net Sales EBIT EBIT % 350 80 20 % 300 70 60 15 % 250 50 200 40 10 % 150 30 100 20 5% 50 10 0 0 0% 2004 2005 2006 2007 2004 2005 2006 2007 Excl. Online Online sales Alma Media Corporation 13 February 2008 16
Slide 17: Key figures 2007, MEUR
Extraordinary items Key figures 2007, MEUR Net sales EBIT 90 +3.2% 25 80 70 20 60 15 50 40 10 30 20 5 10 0 0 Q406 Q107 Q207 Q307 Q407 Q406 Q107 Q207 Q307 Q407 Alma Media Corporation 13 February 2008 17
Slide 18: Net sales change by type, MEUR
Net sales change by type, MEUR Circulation Advertising 6,0 6,0 5,0 5,0 4,0 4,0 3,0 3,0 +5,7% 2,0 2,0 1,0 1,0 +0,7% 0,0 0,0 Q406 Q107 Q207 Q307 Q407 Q406 Q107 Q207 Q307 Q407 Alma Media Corporation 13 February 2008 18
Slide 19: Net Sales Q4 2007 by business area, MEUR
Net Sales Q4 2007 by business area, MEUR 70 58,2 59,3 60 50 40 30 19,0 19,1 20 10 6,4 8,0 0 Newspapers Kauppalehti group Marketplaces NS Chg % 1,8 0,6 25,7 Circ Chg % 1,9 -3,8 - Advert Chg% 3,0 -4,0 31,9 Net sales Q4 2006 Net sales Q4 2007 Alma Media Corporation 13 February 2008 19
Slide 20: EBIT: Q4 2007 by business area, MEUR
EBIT: Q4 2007 by business area, MEUR 14 12 10,8 10 9,4 7,8 8 6 3,7 4 2,2 2 0,8 0,8 1,2 0 Newspapers Kauppalehti group Marketplaces Others EBIT% Q406 18,5 4,0 11,8 n/a EBIT% Q407 15,8 11,7 15,0 n/a EBIT Q4 2006 EBIT Q4 2007 Alma Media Corporation 13 February 2008 20
Slide 21: Key ratios in 2007
Key ratios in 2007 Equity ratio, % Gearing, % ROE % ROI % 80 0 60 60 69,8 52,7 70 -2 61,3 50 50 43,8 60 -4 40 40 50 -6 -5,6 32,8 30,9 40 -8 30 30 30 -10 20 20 20 -12 10 10 10 -14 0 -16 -15,2 0 0 Q4/06 Q4/07 Q4/06 Q4/07 2006 2007 2006 2007 Alma Media Corporation 13 February 2008 21
Slide 22: Key figures on cash basis, MEUR
Key figures on cash basis, MEUR Operating cash flow Net cash (Net debt) Dividend Pay out ratio 67,2 70 70 70 150 % 60 60 60 140 % 52,5 48,5 48,5 50 46,7 50 50 130 % 40 40 40 120 % 33,7 30 30 30 110 % 17,9 20 100 % 20 20 13,2 10 10 6,5 10 90 % 0 0 0 80 % 2005 2006 2007 2005 2006 2007 2005 2006 2007 A
Slide 23: DPS and RE per share, EUR
DPS and RE per share, EUR 2,0 2,0 1,6 1,6 0,64 Picture size 1,2 1,2 0,64 63 x 132mm 0,90 100dpi 0,8 0,65 0,68 0,8 0,50 0,90 0,94 0,4 0,4 0,0 0,0 2006 2007 2006 2007 Dividend per share Restricted equity Earnings per share Retained earnings Alma Media Corporation 13 February 2008 23
Slide 24: Outlook for 2008
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Slide 25: Outlook for 2008
Outlook for 2008 • Alma Media expects its net sales to increase from the previous year. The media market is expected to grow in 2008, but uncertainty will increase. • The comparable operating profit for the full year should be at the level of the previous year. The operating profit at the beginning
Slide 26: Thank You!
Thank You! [email protected] [email protected] [email protected]