Corus Entertainment Inc. Class B · TSX:CORS
Corus Entertainment Inc. Class B — FY2017 Earnings Presentation
12 slides from Corus Entertainment Inc. Class B's earnings presentation, Oct 18, 2017
Slide 1: Fiscal 2017 Fourth Quarter and Year-End Earnings Conference Call
Fiscal 2017 Fourth Quarter and Year-End Earnings Conference Call Wednesday, October 18, 2017 | 8 a.m. ET
Slide 2: Safe Harbour Disclosure Forward-looking Statements
Safe Harbour Disclosure Forward-looking Statements 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 contains information that is not historical, these statements are forward-
Slide 3: Corus Announces Sale of Historia and Séries+
Corus Announces Sale of Historia and Séries+ • Corus has entered into a transaction to sell its specialty television services Historia and Séries+ to Bell Media • Transaction is subject to approval by CRTC and Competition Bureau • Sale will assist Corus in achieving fiscal 2018 deleveraging target o
Slide 4: Fiscal 2017 Highlights
Fiscal 2017 Highlights Completed integration of Shaw Media Captured cost synergies in excess of $40-$50 million target following close of Shaw Media acquisition Improved competitive share position and continued to advance strategic priorities Delivered strong free cash flow1 Reduced leverage to 3.5x
Slide 5: Fiscal 2017 Operational Achievements
Fiscal 2017 Operational Achievements • Strengthened Corus’ competitive audience share position across Television and Radio • Delivered strong segment profit growth of 9% in Radio and increased number of duplicated local TV/Radio accounts • Consistent sequential improvement in Television advertising
Slide 6: Fiscal 2017 Operational Achievements Cont'd
Fiscal 2017 Operational Achievements Cont’d • Strategic Investments made to advance Data and Advanced Advertising Initiatives - Creation of dedicated data analytics and Ad Tech team - Investment in Ad Tech will be doubled in Fiscal 2018 - Launched VOD Dynamic Ad Insertion program - Increased Advance
Slide 7: Fiscal 2017 Fourth Quarter and Year-End Results
Fiscal 2017 Fourth Quarter and Year-End Results • Consolidated revenues were down 1% for the quarter and up 43% for the year (down 2% on a pro forma basis for the year2) • Consolidated segment profit1 was up 2% for the quarter and 41% for the year (up 4% on a pro forma basis for the year2) • Consoli
Slide 8: Fiscal 2017 Fourth Quarter and Year-End Results: Television
Fiscal 2017 Fourth Quarter and Year-End Results TELEVISION • Segment revenues were flat in Q4 2017 and increased 51% for the year (down 2% on a pro forma basis1 for the year) • Advertising revenues increased 1% in Q4 2017 and 82% for the year (down 3% on a pro forma basis1 for the year) • Subscriber
Slide 9: Fiscal 2017 Fourth Quarter and Year-End Results: Radio
Fiscal 2017 Fourth Quarter and Year-End Results RADIO • Segment and advertising revenues were down 5% in Q4 2017 and 4% for the year • Segment profit1 decreased 2% in Q4 2017 and increased 9% for the year • Segment profit margin1 of 24% in Q4 2017 and 26% for the year, compared to 23% in both of the
Slide 10: Fiscal 2018 Financial Priorities
Fiscal 2018 Financial Priorities • Focus on deleveraging to 3.0 times net debt to segment profit by end of fiscal 2018 through diligent focus on increasing free cash flow • Maintain dividend of $1.14 per Class B Share • Make targeted strategic investments to advance strategic priorities Fiscal 2017
Slide 11: Fiscal 2018 Strategic Priorities
Fiscal 2018 Strategic Priorities own and control engage our expand into new more content audiences and adjacent markets targeted m&a scale through best-in-class opportunities partnerships execution Fiscal 2017 Fourth Quarter Earnings Conference Call | 11
Slide 12: Earnings Conference Call Q&A
Fiscal 2017 Fourth Quarter and Year-End Earnings Conference Call Wednesday, October 18, 2017 | 8 a.m. ET Q&A