Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — Q3 2023 Earnings Presentation
15 slides from Corus Entertainment Inc. Class B's earnings presentation, Jun 29, 2023
Slide 1: Fiscal 2023 Third Quarter Earnings Conference Call
Fiscal 2023 Third Quarter Earnings Conference Call Thursday, June 29, 2023 | 8 a.m. ET
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking information and should be read subject to the following cautionary language: To the extent any statements made in this presentation contain information that is not historical, these statements are forward-looking statements and may be f
Slide 3: Q3 Fiscal 2023 Key Financial Highlights
Q3 Fiscal 2023 Key Financial Highlights $397 $97 million million consolidated revenue consolidated segment profit1 $26 3.85x million net debt to segment profit1 free cash flow1 1 This is a non-GAAP financial measure and does not have a standardized meaning prescribed by IFRS. Refer to the "Note to U
Slide 4: Premium Video Content
Premium Video Content Fiscal 2023 Third Quarter Earnings Conference Call | 4
Slide 5: Corus Provides a Compelling Alternative to Sports
Corus Provides a Compelling Alternative to Sports Corus can deliver higher reach, lower frequency and better ROI Fiscal 2023 Third Quarter Earnings Conference Call | 5
Slide 6: Four Corners Media Strategy
Four Corners Media Strategy Core 1 Invest in Channels 2 Content Business U.S. Studios Streaming Content 3 4 Services Licensing Corus has extended licensing terms and broadened rights grants to support the long term resiliency of our channels business and our portfolio of streaming services Fiscal 20
Slide 7: Optimized Advertising Revenue
Optimized Advertising Revenue 1 50% 53% Q3 Fiscal 2023 Optimized Advertising % of TV Advertising Revenues 40% Revenue1 of $111 million 30% •R eflects progress on the transformation of how Television advertising is sold 20% • I ncludes advertising revenue attributable to audience segment selling and
Slide 8: New Platform Revenue
New Platform Revenue 1 12% 12% 50%Q3 Fiscal 2023 New Platform % of TV Advertising and Subscriber Revenues Revenue1 of $39 million 10% 40% •R eflects progress on Corus’ participation 8% in rapidly growing streaming distribution 30%platforms and digital video advertising 6% markets 20% 4% •C ombines s
Slide 9: Growing Content Business
Growing Content Business BRYAN'S ROCK SOLID DEAD MAN’S ALL IN BUILDS CURSE Fiscal 2023 Third Quarter Earnings Conference Call | 9
Slide 10: Q3 Fiscal 2023 Consolidated Results
Q3 Fiscal 2023 Consolidated Results • Advertising revenue impacted by challenging macroeconomic environment • Segment profit reflects lower advertising and subscriber revenue, higher programming costs, partially offset by cost savings initiatives and positive results from the content business • Free
Slide 11: Q3 Fiscal 2023 Television Results
Q3 Fiscal 2023 Television Results • Advertising revenue impacted by challenging macroeconomic conditions •S ubscriber revenue includes adjustments related to distribution renewals in the prior year •S olid growth in distribution, production and other revenue, driven by Nelvana content deliveries •S
Slide 12: Q3 Fiscal 2023 Radio Results
Q3 Fiscal 2023 Radio Results •A dvertising revenue impacted by challenging macroeconomic conditions, with resilience in local markets and growth in podcasting revenue •S egment profit reflects lower revenue partially offset by cost savings (in millions of dollars except percentages) Q3-2023 %Chg Seg
Slide 13: Update on Financial Priorities
Update on Financial Priorities Debt Maturity Profile1 Recent Highlights ($M as of May 31, 2023) 600 ~4.8 weighted average debt maturity 500 $496 $500 years at May 31, 2023 400 net debt to segment profit2 at $Million CDN 300 $250 3.85x May 31, 2023 200 100 quarterly dividend per Class B Share 45-mont
Slide 14: Key Messages
Key Messages • Regulatory change is certain with passage of Bill C-11 and Bill C-18 • Enterprise-wide cost review yields significant savings • Purposeful execution of our strategic plan and priorities Transition into a multi-platform video aggregator Expansion of cross-platform monetization capabili
Slide 15: Fiscal 2023 Third Quarter Earnings Conference Call Q&A
Fiscal 2023 Third Quarter Earnings Conference Call Thursday, June 29, 2023 | 8 a.m. ET Q&A