Alma Media Oyj · OMXHEX:ALMA

Alma Media Oyj — Q3 2003 Earnings Presentation

30 slides from Alma Media Oyj's earnings presentation, October 2003

  1. Slide 1: Alma Media January 1 – September 30, 2003

    Alma Media January 1 – September 30, 2003

  2. Slide 2: Markets

    Business Information Markets ALMA | MEDIA

  3. Slide 3: Growth in television and radio advertising decelerating

    Growth in television and radio advertising decelerating 25 % 20 % 15 % 10 % 5% 0% -5 % Newspapers Magazines -10 % TV Radio -15 % -20 % 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 1-9/03 Source: TNS Gallup Oy Adex

  4. Slide 4: Most advertised branches Q303

    Most advertised branches Q303 Adv. volumes Q3 MEUR Retail trade 0,0 % Retail trade 54 Motor vehicles 11,0 % Motor vehicles 19 Food and beverages 7,0 % Food and beverages 17 Telecommunications 32,0 % Telecommunications 11 Entertainment 1,0 % Entertainment 11 Tourism and traffic 11,0 % Tourism and tra

  5. Slide 5: Media Advertising Alma Media vs. Market

    Media Advertising Alma Media vs. Market Change, % Market Alma Media Market Alma Media Q303 Q303 Q1-Q303 Q1-Q303 Newspapers*) 4.1 0.5 5.1 4.1 Business Papers -7.9 -10.5 -16.2 -13.8 Magazines 0.0 - -1.0 - Television 1.1 -2.6 2.7 -0.5 Radio 0.4 -5.6 7.3 10.9 Internet 18.8 -11.9 0.7 -5.9 TOTAL 2.4 -2.1

  6. Slide 6: Interim Report Q303

    Business Information Interim Report Q303 ALMA | MEDIA

  7. Slide 7: Key figures Q303

    Key figures Q303 ƒ Net sales 96.3 (110.7) MEUR ƒ Impact of associated companies –2.9 (-2.1) MEUR ƒ Operating profit 3.3 (-0.1) MEUR ƒ Profit before taxes and minority interest 2.3 (-1.9) MEUR ƒ Balance sheet total 365.1 (431.1) MEUR (31 Dec 2002 403.6 MEUR) ƒ Net debt 95.2 (164.5 ) MEUR (31 Dec 2002

  8. Slide 8: Net Sales Q3 by Division, MEUR

    Net Sales Q3 by Division, MEUR 60 48,3 47,7 50 40 36,6 35,4 30 18,3 20 9,2 9,6 10 6,0 0 Alpress Broadcasting Business Information Media Services Group Net Sales Q302 Net Sales Q303

  9. Slide 9: EBIT Q3 by Division, MEUR

    EBIT Q3 by Division, MEUR 10 7,4 7,8 8 6 4 2 0,1 0,2 0,0 0 -0,2 -2 -1,4 -2,0 -4 -3,3 -6 -5,8 -8 Alpress Broadcasting Business Media Services Parent Information Group EBIT Q302 EBIT Q303

  10. Slide 10: Solid performance in Alpress

    Solid performance in Alpress ƒ Alpress´s net sales down 1.2 % 47.7 (48.3) MEUR ƒ circulation sales up 0.8 %, tabloid market stabilized Q3 ƒ printing sales down 30.1 %, 0.8 MEUR ƒ lower newsprint price and decreased volumes decreased costs ƒ continuous quality and profitability improvement based on n

  11. Slide 11: Tough Q3 for MTV3 despite of record high viewer share

    Tough Q3 for MTV3 despite of record high viewer share ƒ Broadcasting net sales down 3.3 % 35.4 (36.6) MEUR ƒ Average prices up as planned, but MTV3 Channel advertising sales lower than previous year ƒ Subtv media sales up 46 % ƒ Radio Nova Q3 sales down 5.6 % (Jan- Sept + 10.9 %) 48 ƒ MTV3 + Subtv c

  12. Slide 12: Viewer Share, Prime Time, weeks 1/02 – 43/03

    Viewer Share, Prime Time, weeks 1/02 – 43/03 50 % 40 % 30 % 20 % 10 % 0% 1 5 9 13 17 21 25 29 33 37 41 45 49 1 5 9 13 17 21 25 29 33 37 41 MTV3 YLE1 YLE2 Nelonen SubTV Source: Finnpanel Oy

  13. Slide 13: Slow market continued in B-to-B

    Slow market continued in B-to-B ƒ Business Information Group net sales up to 9.6 (9.2) MEUR ƒ Lehdentekijät Oy sales 1.2 MEUR ƒ B-to-B advertising -13 % Jan- Sept on average ƒ Kauppalehti –15 %, Kauppalehti Online +15 % 0 2 4 6 8 10 12 14 ƒ Streamlined editorial multiple Kauppalehti media processes

  14. Slide 14: Promising development in classified online services

    Promising development in classified online services ƒ Classified marketplaces for property and vehicle advertising grew strongly ƒ Etuovi.com net sales up + 58 % ƒ Autotalli.com net sales up + 74 % ƒ Asuntopörssi + 11 % ƒ no signs of recovery of recruitment Staraoke childrens programme and PC game h

  15. Slide 15: Digital television and MTV3 consumer products

    Digital television and MTV3 consumer products ƒ Alma Media set top box estimates ƒ 2003 over 200.000 ƒ 2004 over 400.000 ƒ 100.000 boxes = 0.85 MEUR decrease in Alma Media´s annual concession fee ƒ More digi-only programmes on MTV3+ TV-card service MTV3+ pay-tv pilot started in Oulu in September 200

  16. Slide 16: Financials

    Business Information Financials ALMA | MEDIA

  17. Slide 17: Net sales change, MEUR Q3/2002 vs. Q3/2003

    Net sales change, MEUR Q3/2002 vs. Q3/2003 120 Alprint - 13,2 Alpress - 0,7 115 (external) + 0,2 - 1,2 - 13,9 110 Lehdentekijät + 1,2 Broadcasting - 0,2 Parent (rental income) - 0,3 105 Alpress +0,1 BNS - 0,1 Broadcast –1,1 BIG – 0,4 MS + 0,2 100 +0,6 95 90 Net sales Circulation Advertising Printing

  18. Slide 18: EBIT Q101–Q303, MEUR

    EBIT Q101– Q303, MEUR 20 8% 12,7 7% 15 6% 10,1 10,3 9,1 5% 6% 10 4% 3 %6,1 5 3,3 2% 1% 1% -0,1 0 0% 0% -5 -3,4-3 % -3 % -2 % -2 % -10 -5,9 -4 % -4 % -7,6 -15 -6 % -20 -16,1 -8 % Q101 Q201 Q301 Q401 Q102 Q202 Q302 Q402 Q103 Q203 Q303 EBIT, MEUR Rolling 4Q % of Net Sales

  19. Slide 19: EBIT Q3 by Division, MEUR

    EBIT Q3 by Division, MEUR 10 7,4 7,8 8 6 4 2 0,1 0,2 0,0 0 -0,2 -2 -1,4 -2,0 -4 -3,3 -6 -5,8 -8 Alpress Broadcasting Business Media Services Parent Information Group EBIT Q302 EBIT Q303

  20. Slide 20: Share of Associated Companies' Results Q101–Q303, MEUR

    Share of Associated Companies´ Results Q101 – Q303, MEUR 4 2,5 2 0 -0,7 -1,0 -0,7 -2 -1,7 -2,3 -2,4 -2,1 -3,1 -2,9 -4 -3,3 Q101 Q201 Q301 Q401 Q102 Q202 Q302 Q402 Q103 Q203 Q303 MEUR Rolling 4Q, MEUR

  21. Slide 21: Major Strategic Publicly Listed Share Holdings

    Major Strategic Publicly Listed Share Holdings MEUR Talentum TV4 Total Acquisition Price 60 90 150 Book Value 30.9.2003 49 72 121 Market Value 30.9.2003 28 81 109

  22. Slide 22: Cash flow from operating activities, MEUR

    Cash flow from operating activities, MEUR 30 20 10 0 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 -10 -20

  23. Slide 23: Cash flow and investments, MEUR

    Cash flow and investments, MEUR 60 60 46,4 37,5 40 40 21,9 20 20 0 0 -4,0 -20 -20 -11,7 -18,4 -40 -40 -35,8 -60 -60 -80 -80 -100 -100 -94,9 2000 2001 2002 1-9/2003 2000 2001 2002 1-9/2003 from operating activities gross investments before financing activities proceeds from sales of assets

  24. Slide 24: Net debt Q101–Q303, MEUR

    Net debt Q101 – Q303, MEUR Q101 Q201 Q301 Q401 1Q02 Q203 Q302 Q402 Q103 Q203 Q303 0 -20 -40 -60 -80 -100 -120 -140 -160 -180

  25. Slide 25: Equity ratio and gearing

    Equity ratio and gearing 60 120 112,3 48,7 48,5 50 100 41,3 81,2 40 37,0 80 57,6 30 60 52,1 20 40 10 20 0 0 2000 2001 2002 1-9/2003 2000 2001 2002 1-9/2003 Equity ratio % Gearing %

  26. Slide 26: EPS and shareholders' equity per share

    EPS and shareholders’ equity per share 1 14 0,67 12,47 0,47 12 0,5 10,26 10,23 10,51 0,16 10 0 8 6 -0,5 4 -1 2 -1,43 -1,5 0 2000 2001 2002 1-9/2003 2000 2001 2002 1-9/2003 Earnings per share Shareholders equity per share

  27. Slide 27: Alma Media Share

    Alma Media Share 19,6 % 20 % 15,8 % 15 % 11,2 % 11,9 % 10,2 % 10 % 5% 0% Q302 Q402 Q103 Q203 Q303 Development of Alma Media shares 2003 Nominee-registered shares

  28. Slide 28: Summary

    Business Information Summary ALMA | MEDIA

  29. Slide 29: Summary Q303

    Summary Q303 ƒ Uncertainty likely to continue ƒ Solid quarter for Alpress ƒ Tough Q3 for MTV3 despite of record high viewer share ƒ Slow market continued in B-to-B ƒ Promising development in classified online services ƒ Prospects to the year end ”The Group’s net sales will be lower than last year ow

  30. Slide 30: www.almamedia.fi

    Business Information www.almamedia.fi ALMA | MEDIA

Alma Media — Q3 2003 Earnings Presentation on 6ix