Roadshow presentation March Lothar Lanz, CFO & COO Claudia Thomé, Head of IR
|
|
- Esmond Mason
- 6 years ago
- Views:
Transcription
1 Roadshow presentation March 2010 Lothar Lanz, CFO & COO Claudia Thomé, Head of IR
2 Disclaimer This document, which has been issued by Axel Springer Aktiengesellschaft (the "Company"), comprises the written materials/slides for a presentation of the management. Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable no representation or warranty, express or implied, is given by or on behalf of the Company, any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability is accepted for any such information or opinions. This document contains forward looking statements which involves risks and uncertainties. These forward looking statements speak only as of the date of this document and are based on numerous assumptions which may or may not prove to be correct. The actual performance and results of the business of the Company could differ materially from the performance and results discussed in this document. The Company undertakes no obligation to publicly update or revise any forward looking statements or other information contained herein whether as a result of new information, future events or otherwise. This document does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. 2
3 FY 2009: highly profitable despite recession, expanding market share EBITDA margin of 12.8% Dividend of 4.40 on record level of 2008 Net debt reduced considerably from 370m to 193m Equity ratio increased to 40.8% 21% of revenues from digital media* Nine of ten largest digital assets are profitable Market share of top-selling titles further expanded Number of employees increased by 0.7% *) Pro-forma 3
4 Lead over German print marketers further increased in 2009 Gross advertising revenues (in %) ASMI G+J Burda Bauer DuMont IQ Media Source: Nielsen Media Research, Newspapers and magazines without classifieds and media ads 4
5 BILD outperforms German print advertising market Gross advertising revenues 2009 yoy +6.5% German print advertising market -6.3% Basis: Nielsen Media Research. Newspapers without classifieds and media ads. * Zeitungen und Publikumszeitschriften 5
6 WELT group with highest reach among quality news media peers Cross media net reach (in thousand) 2,435 2,131 2,079 1,954 Source: VA 2009-III; Basis: Readers per issue, users per week. 6
7 Digitization strategy consistently implemented Content portals Classifieds/Marketplaces Marketing 7
8 Reach of Germany s market leading news portals BILD.de outperforms SPIEGEL Online Visits (IVW) Unique Visitors (Comscore) m Mio. 66m Mio. 0 0m Mio. Jan 09 Jul 09 Jan 10 00mMio. Jan 09 Jul 09 Jan 10 8
9 Axel Springer acquires 100% of European job online portal StepStone Visits StepStone Europe (in m) % yoy #2 #2 #2 7.0 #4 #1 #1 6.0 #4 # Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Source: Comscore 9
10 Online Performance Marketing Axel Springer shapes European market leader Revenues (in m) +9% -21% #1 #1 #2 #2 # e
11 aufeminin strengthening market leadership Belgium: #1 aufeminin 0.5 Flair 0.2 France: #1 aufeminin 7.1 LeJournal de 4.9 Femmes enfemenino Yodona Strong international presence Spain: # sofeminine ivillage UK: # gofeminin Brigitte 0.8 alfemminile Style.it Germany: #1 2.4 Italy: # International revenue contribution (in m) % +97.5% -5.3% France % +74.3% -4.1% 28.8 International Unique Users in Mil. Source: Nielsen/comScore/AGOF, Dec 2009 International platform outside of France experiencing accelerated growth with tripled revenues since Axel Springer s investment in aufeminin in
12 Financials FY 2009
13 Successful digitization: 21% of revenues digital Total revenues (in m) Revenue share digital media 2, % +12.2% 2, Schibsted Axel Springer Sanoma 12% 21% 29% 1, ,138.5 Telegraaf 6% -8.8% Trinity Mirror 5% DMGT 5 % Johnston Press 4 % 1, ,176.2 L'Espresso 4 % -3.3% Lagardere 2% Circulation revenues Advertising revenues Other revenues Basis: FY 2009 *) Pro forma, FY
14 EBITDA 2009 still strong despite recessionary environment EBITDA Group (in m), EBITDA-margin (17.8%) -31.4% (12.8%) EBITDA still strong at 333.7m Margin of 12.8% still considerably higher than during last downturn (2001/02: 6.7% / 8.2%) EBITDA includes restructuring expenses of 74.9m (2008: 29.2m)
15 Continued cost discipline offset by higher restructuring and acquisitions in m yoy Personnel % Purchased goods % and services Other operating % Total Costs 2, , % Restructuring >100% costs Underlying cost savings of 70.9m, more than offset by higher restructuring costs and consolidation effects (StepStone and Digital Window) Major savings in production, paper, provisions and shipping costs Personnel costs relatively stable, adjusted for acquisition and other effects below prior year Restructuring costs up by 45.7m yoy 15
16 Segment revenues and EBITDA (in m) Newspapers National Magazines National Print International Digital Media Services/ Holding Revenues 1, , Growth yoy -5.0% -8.2% -23.9% +24.4% -0.9% EBITDA Δ yoy -30.1% -38.1% -55.8% >100% - - EBITDA margin 20.1% 27.3% 10.6% 15.7% 3.9% 6.8% 9.2% 5.5%
17 Newspapers National with strong profitability in m yoy Circulation revenues slightly up due to copy price increases in 08 and 09 Revenues 1, , % Challenging advertising market Circulation % EBITDA margin still at 20.1% Advertising Other % +19.6% EBITDA includes restructuring expenses of 50.4m (08: 18.7m) EBITDA Margin % % -30.1% EBITDA decline partly due to lower investment income after sale of regional newspaper stakes ( 15.1m) Additional marketing expenses in Q4 17
18 Magazines National: EBITDA margin still double-digit in difficult environment in m Revenues yoy -8.2% Circulation slightly below last year, adjusted for portfolio changes only -2.4% Circulation Advertising Other % -20.3% +29.5% Advertising still difficult Double digit EBITDA margin in challenging environment EBITDA Margin % % -38.1% EBITDA includes restructuring expenses of 16.9m (08: 5.3m) 18
19 Print International impacted by significant downturn in advertising markets in m Revenues yoy -23.9% ex FX -16.3% Significant revenue decline, especially in Poland, Hungary, Russia and Spain Circulation Advertising % -36.0% -6.3% -29.3% Revenues ex FX -16.3% (vs % reported) Other EBITDA Margin % % -21.8% -55.8% -7.8% - EBITDA decline limited due to efficient cost saving measures of international units 19
20 Digital Media: strong revenue growth, EBITDA more than doubled in m Revenues yoy +24.4% Strong revenue growth of 24.4%, adjusted for consolidation effects of 9.1% Advertising Other EBITDA % % 20.9 >100% EBITDA more than doubled EBITDA margin 9.2%, adjusted for launch costs even 13.0% Margin 9.2% 5.5% Main operative factors for EBITDA increase: immonet, idealo and Bild.de 20
21 Free cash flow/net financial debt (in m) Free cash flow Net financial debt 12/31/08 12/31/ Credit line of 1.5bn secured until 2012, 1bn thereof extended until
22 Net income impacted by non-operating items (in m) Non-operating items Asset deals (2009: pre tax gain on sale of regional newspapers 214.4m and on sale of P7S1-stake 438.3m in 2008) Purchase price allocations ( m; m) Other non-operating effects ( m; m) Tax effect on non-operating items ( m; m) Adjusted for significant nonoperating items 22
23 Looking ahead
24 Outlook 2010 Group Revenues Stable to low single digit growth Circulation < 2009 EBITDA ~ 10% increase yoy Revenue categories Advertising Other > 2009 > 2009 Segments Newspapers National Magazines National Print International Digital Media Services/ Holding Revenues < 2009 < 2009 < 2009 > 2009 < 2009 EBITDA > 2009 > 2009 > 2009 > 2009 <
25 Our vision is to become the leading integrated European multimedia company internationalization nationalization quality & mass market buy and build digitization cross media synergies Europe s leading integrated multimedia company 50% online 50% print Strong brands Country presence: 1 100% print revenues Revenue: 2,460m EBITDA: 296m Country presence: 7 Electronic revenues 1) represent 2% of total revenues 1) Electronic revenues include teletext, audiotex, interactive online services and TV production revenues 2) Including licenses 3) Pro-forma Revenue: 2,612m EBITDA: 334m Country presence: 36 2) Digital revenues represent 21% 3) of total revenues 25
26 Company overview and market opportunity
27 A clear strategy for growth and expansion 27
28 Evolution of our strategy Restructure the company Build the digital business Multimedia growth Future Focus on core competencies Rigid portfolio management Disposal or closure of 33 businesses/titles Cost savings EBITDA margin for main publications 1) up from 16.3% to 23.5% Headcount down by c. 4,000 people Early investments in online Paradigm shift Marketing capabilities benefiting from Axel Springer s reach Realise synergies from online acquisitions Maintain market leadership in print Best integrated European multimedia company (50% / 50% print / digital in 10 years) Focused acquisition strategy within core segments / capabilities Focus on mobile media International expansion 1) Main publications include: Bild, Bild am Sonntag, B.Z., Die Welt, Welt am Sonntag, Berliner Morgenpost, Hamburger Abendblatt, Sport Bild, Hörzu, Auto Bild, Bild der Frau, Computer Bild 28 28
29 Axel Springer is Germany s leading print marketer and publisher Market share by circulation 1) Market share by adspend 3) 19% With 19% market share, Axel Springer reaches 54% of the German population 2) daily 15% 7% 6% 5% 4% 9% 7% 5% 4% 4% 3% 3% Axel Springer Bauer WAZ SWMH Burda Holtzbrinck G+J Axel Springer G+J Burda Holtzbrinck WAZ Bauer Newspapers Magazines Newspapers Magazines 1) Source: Company estimates based on IVW 2009, paid circulation; weighted market share taking into account different title frequencies 2) Source: ma 2009 Pressemedien II; combined reach among German 14+ year-olds of all covered Axel Springer AG newspapers, magazines and 100% owned subsidiaries 3) Source: Nielsen Media Research; gross adspend, excluding classified ads, supplements and media advertising, 2009, 100% owned subsidiaries and Jahr Top Special Verlag. 29
30 Axel Springer is Germany s leading print publisher Core Axel Springer Brands Axel Springer Market share 1) Newsstand papers No. 1 81% National Sunday newspapers No. 1 86% National quality papers No. 3 17% Regional subscription papers No. 1 39% No. 2 17% Magazines No. 3 13% 1) Based on paid circulation IVW FY
31 Unique brand expansion path: BILD example 31
32 BILD s media reach and advertising sales outperformed the market ( ) BILD s reach increased BILD s advertising sales (Index of media reach) (Index of net advertising spending) -0.3% +3.4% +32.0% -14.7% -4.1% +1.4% = = = 100 Print Market -family print - family print + digital 1) Market 1) -family print - family print + digital Source Digital: AGOF internet facts Unique Users Source Print: ma Pressemedien / (data for 2002/2009) for market reach of BILD family print titles including new titles founded after ) Gross figures. BILD, BamS, BILD der FRAU, Auto BILD Sport BILD and Computer BILD since 1998; Computer BILD Spiele since 2000, Audio Video Foto BILD since 2004, Auto BILD Motorsport since 2001, Auto BILD Allrad and Sportscars since 2002; Bild.de since 2002, BILDmobil since ) Net figures, excluding BILDWOCHE 2) ZenithOptimedia: Net Advertising Revenues newspapers & magazines
33 Strong international footprint Poland Newspapers market share: 37% 1) Newspapers 4 Magazines 14 Digital portals 30 Digital 29% Other magazines Romania 13 France 3) 10 Russia 3) 8 Czech Republic 7 Switzerland Market leader in TV listings, business/financial Newspapers 1 Magazines 14 Digital portals Hungary Market share 21%, largest consumer publisher 2) Newspapers 10 Magazines Digital portals Print 71% International 21% 548m France, Italy, UK, Spain, Benelux, Swiss, USA, China, Sweden, Poland, Norway, Denmark Other digital Germany, UK Austria, Norway, Sweden, Italy Denmark, Belgium, France Portugal, Netherlands, Luxembourg, Switzerland, China, Singapore, United States Magazines Digital portals Spain Market leader in video-games magazines, computer magazines 1 12 Germany 79% 2,064m 2009: 2,612m France, Italy, UK, Spain, Belgium, Switzerland, Canada, Morocco Germany, UK France, Italy, Spain, Austria, Netherlands 1) Source: ZKDP; based on sold circulation ) Based on gross advertising revenues 3) partly in joint venture 33
34 Digital monetisation strategy Core Competencies Content portals Extend core print leadership position into online Capture advertising and / or circulation revenue from leading online properties Attract and retain valuable advertising customers Audience Classifieds Marketplaces / Marketplaces Deliver large and targeted audiences for listings across core categories Marketing Deliver to advertisers large and targeted audiences across core categories and platforms Branded advertising in print and online Digital performance-based advertising Advertisers Cross-synergies between core competencies allow Axel Springer to increase revenues and profitability 34
35 Digital is critical for future growth Unique visitors - Europe 1) (Dec 2009 per month in millions) Western European online advertising growth 2) vs. Axel Springer s online organic growth Axel Springer ProSiebenSat1 Hubert Burda Media RTL Group Groupe Lagardere Holtzbrinck 16% 26% 26% 1% Western Europe Axel Springer Online share of advertising revenues Western Europe vs. Axel Springer 28.4% Gruner+Jahr Schibsted Group Vivendi Groupe Figaro Media peers % 1) 1) Source: comscore, Top 10 European-based media companies; Axel Springer includes aufeminin network and StepStone 2) Source: ZenithOptimedia, December 2009 growth at constant prices 3) Digital advertising revenues as percentage of Axel Springer s total advertising revenues 4) Source: ZenithOptimedia, December 2009 Share of Internet advertising in total adspend 7.9% 14.6% Axel Springer 3) Western Europe 4) 35
36 Investor Relations contacts Claudia Thomé Head of Investor Relations Phone: +49 (0) Mobile: +49 (0) Daniel Fard-Yazdani Deputy Head of Investor Relations Phone: +49 (0) Mobile: +49 (0) Axel Springer AG Axel-Springer-Str Berlin / Germany Fax: +49 (0)
Commerzbank German Investment Seminar 2010
Commerzbank German Investment Seminar 2010 January 2010 Claudia Thomé, Head of IR Disclaimer This document, which has been issued by Axel Springer Aktiengesellschaft (the "Company"), comprises the written
More informationStröer Out-of-Home Media AG: We create Visibility. Investor Presentation Copenhagen January 26, 2011
Ströer Out-of-Home Media AG: We create Visibility Investor Presentation Copenhagen January 26, 2011 # 1 operator in underpenetrated and very attractive growth markets #1 in GERMANY Europe s largest ad.
More informationSociété Générale, USA, May 13 th -15 th RTL Group
Société Générale, USA, May 13 th -15 th 2015 RTL Group Agenda 1 2 3 4 2015 5 Quarter 1 2015 highlights Group financials Business segments Outlook 2015 Strategy update 2 1 2 3 4 5 Highlights Successful
More informationSpeech by Dr. Mathias Döpfner Chief Executive Officer Axel Springer AG On the occasion of the annual press conference on March 11, 2009
Speech by Dr. Mathias Döpfner Chief Executive Officer Axel Springer AG On the occasion of the annual press conference on March 11, 2009 Translation of speech held in German. Check against delivery (Chart
More informationKBC Securities London. December 2013
KBC Securities London December 2013 Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is furnished to you solely for your information and use at this
More informationGRUPO ANTENA 3 FY12 RESULTS. February 28th,
GRUPO ANTENA 3 FY12 RESULTS February 28th, 2013 www.grupoantena3.com FY12 Highlights According to our estimates, Total Ad market declined by -16% in 2012 (TV and Radio down by -19% and -14% yoy respectively)
More informationXING AG. Dr. Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) Hamburg, May 12, 2010
Q1 Results Presentation XING AG Dr. Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) Hamburg, May 12, 2010 01 Starting Position Recap from FY 2009 results presentation... 2010: The year of profitable growth...
More informationOpera Software: Third quarter 2012
Opera Software: Third quarter 2012 3Q 2012 Financial highlights Financial metric 3Q12 (MUSD) 3Q11 (MUSD) Revenue Total revenue 56.4 40.1 Profitability Adj. EBITDA*/** 17.0 13.6 EBIT** 13.7 11.0 Revenue
More informationSanoma magazine operations strongly positioned for transformation. Capital Markets Day 2012 Dick Molman CEO Sanoma Media Netherlands
Sanoma magazine operations strongly positioned for transformation Capital Markets Day 2012 Dick Molman CEO Sanoma Media Netherlands Leading positions in magazine publishing Czech Rep. #4 / 9% Ukraine #1
More informationCEO of CTC Media since August Graduate of Moscow Finance Institute and London School of Economics
MTG Capital Markets Day June 10, 2010 Anton Kudryashov Chief Executive Officer Anton Kudryashov: Background CEO of CTC Media since August 2008 Graduate of Moscow Finance Institute and London School of
More informationGRUPO ANTENA 3 FY11 RESULTS. February 23rd, 2012
GRUPO ANTENA 3 FY11 RESULTS February 23rd, 2012 www.grupoantena3.com Highlights Total Ad market declined by -7% in 2011, with TV down -10% and Radio - 5% yoy Antena 3 outperformed the market, just -1%
More informationRecommended acquisition of The BSS Group plc. 5 July 2010
Recommended acquisition of The BSS Group plc 5 July 2010 Important information This document is being made available only to persons who fall within the exemptions contained in Article 19 and Article 49
More informationUpdate on Strategy and Market Segments Felix Frank Vice President, AutoScout24
AutoScout24 Update on Strategy and Market Segments Felix Frank Vice President, AutoScout24 Christian Gisy CFO, Scout24 AG Scout24 Capital Markets Day, November 2017 We are the Largest EU Automotive Digital
More informationInvestors Day. Mittelstand Bank: An increasing source of profit
Investors Day Mittelstand Bank: An increasing source of profit Frankfurt, 14.09.2005 Martin Blessing Good start H1 2005 results 1. 2. 3. 4. Agenda 1. 2. 3. 4. Good start for the new Mittelstand Bank segment
More informationResults Q May 2010
Results Q1 2010 12 May 2010 Q1 Highlights Subscription revenues up 20.2% year on year Gross additions up 10.1% year on year 12 months rolling churn rate down 1.4 points year on year; quarterly annualized
More informationThird quarter and first nine months 2017 Results Release. October 19 th, 2017
Third quarter and first nine months 2017 Results Release October 19 th, 2017 Safe harbor statement Any statements contained in this document that are not historical facts are forward-looking statements
More informationSanoma in transformation. Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO
Sanoma in transformation Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO Strategy set & portfolio changes executed Focus on consumer media and learning Leading consumer media company value
More informationCapital Markets Day December 6, PILLAR 3: COMMERCE NCG NUCOM GROUP Claas van Delden
Capital Markets Day December 6, 2017 PILLAR 3: COMMERCE NCG NUCOM GROUP Claas van Delden VALUE OUR JOURNEY FROM MEDIA INVESTMENTS TO OMNICHANNEL GROWTH PLATFORM GROWTH PLATFORM Selected examples Utilize
More informationInvestor presentation
Investor presentation May 2007 REVIEW OF 2006: REVENUE AND PROFIT CONTRIBUTORS Revenue structure EBIT structure Outdoor +20 mln Internet Radio 50-7 mln Metro Radio Outdoor 40 Agora Group Magazines +10
More informationVodafone Group Plc Interim Management Statement
Vodafone Group Plc Interim Management Statement For the 3 months ended 30 June 2012 20 July 2012 Follow this code using your smartphone reader to download our detailed KPI web spreadsheet Disclaimer Information
More informationStröer SE & Co. KGaA Oddo Salesforce Briefing. 17 th February 2017
Ströer SE & Co. KGaA Oddo Salesforce Briefing 17 th February 2017 Ströer Reporting Summary 2016e - Consensus Digital OoH Germany OoH International ~% Ströer SE ~4% ~45% Recon.* Statutory Net Sales 1.117
More informationPRESENTING THE EUROPEAN GROWTH STORY. SHOP APOTHEKE EUROPE N.V. Company Presentation June 2017
PRESENTING THE EUROPEAN GROWTH STORY. SHOP APOTHEKE EUROPE N.V. Company Presentation June 2017 DISCLAIMER. 2 THIS PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE
More informationSummary Sanoma in transformation. Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO
Summary Sanoma in transformation Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO Managing the digital transformation Drive performance of current business Multi-platform and digital growth
More informationJohnston Press plc. Interim unaudited results for the 26 week period ended 1 July Strong i performance and further digital revenue growth
Johnston Press plc Interim unaudited results for the 26 week period ended Strong i performance and further digital revenue growth Johnston Press plc, (LSE: JPR), announces its results for the 26 week period
More information2015 Annual Results. Innovation Integration Growth
2015 Annual Results Innovation Integration Growth March 2016 Disclaimer This presentation and the accompanying slides (the Presentation ) have been prepared by WH Group Limited ("WH Group " or the "Company")
More informationScout24 AG Company Presentation April 2017
www.scout24.com Scout24 AG Company Presentation April 2017 Disclaimer This document has been issued by Scout24 AG (the Company and, together with its direct and indirect subsidiaries, the "Group") and
More information1 INDEPENDENT. ALWAYS.
1 INDEPENDENT. ALWAYS. SUMMARY INFORMATION This presentation contains summary information about Fairfax Media Limited and its activities current as at 10 August 2016. The information in this presentation
More information1H 2014 Results. July 31, Investor Relations
1H 2014 Results July 31, 2014 Disclaimer This presentation contains statements that constitute forward-looking statements based on Il Sole 24 ORE S.p.A. s current expectations and projections about future
More informationMacquarie s Eighth Alternative Energy Conference. London 22 September 2015
Macquarie s Eighth Alternative Energy Conference London 22 September 2015 1 Agenda 1 Greentech at a glance 2 Greentech activities 3 Key Financials 5 2015 Outlook 2 Greentech at a glance Vision A leading
More informationIAB Europe AdEx Benchmark study H November 2016
IAB Europe AdEx Benchmark study H1 2016 November 2016 The data and charts shown in this report cannot be used without the expressed permission of IAB Europe and IHS Markit A meta analysis of online ad
More informationBuilding the Foundation for Growth FRANCO BERNABE
Building the Foundation for Growth FRANCO BERNABE BUILDING THE FOUNDATION FOR GROWTH Safe Harbour This presentation contains statements that constitute forward-looking statements within the meaning of
More informationStröer SE & Co. KGaA Roadshow Morgan Stanley. 24 th of October 2017 Boston
Ströer SE & Co. KGaA Roadshow Morgan Stanley 24 th of October 2017 Boston Two Key Business Approaches with a very different Profile LOCAL HEROES vs GLOBAL CHAMPIONS Local market specification know-how
More informationTecan Group 34 th Annual J.P. Morgan Healthcare Conference DR. DAVID MARTYR, CEO JANUARY 14, 2016 SAN FRANCISCO, USA
Tecan Group 34 th Annual J.P. Morgan Healthcare Conference DR. DAVID MARTYR, CEO JANUARY 14, 2016 SAN FRANCISCO, USA Safe Habor Statement All statements in this presentation not referring to historical
More informationUnilever - CAGNY. Graeme Pitkethly / Richard Williams 22 nd February 2018
Unilever - CAGNY Graeme Pitkethly / Richard Williams 22 nd February 2018 Richard Williams SAFE HARBOUR STATEMENT This announcement contains forward-looking statements, including 'forward-looking statements'
More information2009 Full Year Result
2009 Full Year Result 23 February, 2010 Chief Executive Brendan Hopkins Chief Financial Officer Peter Myers Overview Result in line with guidance Strong cost outcome high operating leverage February/March
More informationFull year results Amsterdam, 5 February 2015
Full year results 2014 Amsterdam, 5 February 2015 Disclaimer The information contained herein shall not constitute or form any part of any offer or invitation to subscribe for, underwrite or otherwise
More informationHAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION
HAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION UNICREDIT GERMAN INVESTMENT CONFERENCE MUNICH, SEPTEMBER 2010 Hamburger Hafen und Logistik AG DISCLAIMER The facts and information contained herein
More informationFY2017 Results. group
FY2017 Results group 1 Disclaimer The material in this presentation has been prepared by lastminute.com N.V. and reports general background information about lastminute.com group activities as at the date
More informationPriorities for Digital Measurement. Report. WHITE PAPER September Five Practical Steps to help companies comply with the E-Privacy Directive
WHITE PAPER September 2017 Five Practical Steps to help companies comply with the E-Privacy Directive Priorities for Digital Measurement Report Date goes here CONTENT 3 Executive Summary 5 Introduction
More informationEuropean Digital Advertising Data and Trends. Constantine Kamaras Chairman, IAB Europe
European Digital Advertising Data and Trends Constantine Kamaras Chairman, IAB Europe About the study A meta-analysis of online ad spend in Europe GROSS NET RATECARD Spend Billed Revenue Billed No Agency
More informationTurkey Launch Presentation Summary #Mediascope IAB Europe Research
Turkey Launch Presentation Summary 2012 @IABEurope #Mediascope IAB Europe Research Introduction As part of its research remit, IAB Europe conducts Mediascope Europe, widely recognised as the industry standard
More informationGruppo Editoriale L Espresso: Company Presentation
Gruppo Editoriale L Espresso: Company Presentation March, 2016 Disclaimer» This document has been prepared by Espresso Group for information purposes only and for use in presentation of the Group s results
More informationThe Community Innovation Survey 2010
The Community Innovation Survey 2010 (CIS 2010) THE HARMONISED SURVEY QUESTIONNAIRE The Community Innovation Survey 2010 FINAL VERSION July 9, 2010 This survey collects information on your enterprise s
More informationSanford Bernstein Strategic Decisions Conference. 2 October 2013
Sanford Bernstein Strategic Decisions Conference 2 October 2013 André Lacroix Group Chief Executive Agenda 1) Proven business model and strategy 2) The right markets and channel mix 3) Operational excellence
More informationNatixis Paris, September 20 th 2017
Natixis Paris, September 20 th 2017 Agenda 1 Group highlights 2 Operational highlights 3 2017 Future proofing our business and Outlook 2 A Revenue growth Solid interim financial results Revenue EBITDA
More informationADLER Modemärkte Equity Story
ADLER Modemärkte Equity Story November 2017 1 Investment Summary: ADLER Modemärkte is well positioned to face short-term challenges and lift mid- to long-term potentials Growing target group Assets Very
More informationFinancial and market performance 1Q May 14, 2009
Financial and market performance May 14, 2009 Financial performance of the Group PLN mln 1Q 2008 yoy % change Revenues, incl.: 274.4 313.4 (12.4%) - advertising* - copy sales* - Special Projects, incl.
More informationResults Q August 2010
Results Q2 2010 13 August 2010 Q2 2010 Results Subscription revenues up 18.7% year on year ARPU of 28.62 (Q2 2009: 25.20), up 3.42 year on year EBITDA of negative 47.4m (Q2 2009: negative 63.4m), an improvement
More informationSpeech by Dr. Mathias Döpfner Chairman of the Management Board of Axel Springer AG at the Annual Shareholders Meeting of April 24, 2008
Speech by Dr. Mathias Döpfner Chairman of the Management Board of Axel Springer AG at the Annual Shareholders Meeting of April 24, 2008 1 Chart 1: Dear shareholders, shareholder representatives, journalists
More information9M 2017 Sales: Euro 733 million vs 739 million in 9M 2016, -0.9% (-1.3% at constant fx) Gross margin increase, in line with expectation
9M 2017 Sales: Euro 733 million vs 739 million in 9M 2016, -0.9% (-1.3% at constant fx) Gross margin increase, in line with expectation Strong improvement in cost structure Net financial position on track
More informationFresenius Investor News
health care worldwide October 31, 2006 Contact: Birgit Grund Fresenius AG Investor Relations Tel. ++49-6172 - 608 2485 Fax ++49-6172 - 608 2488 e-mail: ir-fre@fresenius.de Internet: www.fresenius-ag.com
More informationInvestor presentation. June 2008
Investor presentation June 28 Financial performance of the Group Revenues Operating cost Revenue growth driven by advertising sales 4 3 2 1 3.5% 16% 4.5% 52.5% 15% Advertising Copy sales Collections Other
More informationIPD Pan-European Annual Property Index
Index value (shaded area) Dec 200 = 100 IPD Pan-European Annual Property Index Results for the year to 31 st December 2013 250 35 30 25 200 150 100 50 0 2001 2002 2003 2004 Local Currencies Index EUR 2005
More informationThe Fourth Community Innovation Survey (CIS IV)
The Fourth Community Innovation Survey (CIS IV) THE HARMONISED SURVEY QUESTIONNAIRE The Fourth Community Innovation Survey (Final Version: October 20 2004) This survey collects information about product
More informationAugust 2017 ANALYST & INVESTOR PRESENTATION H1 2017
August 2017 ANALYST & INVESTOR PRESENTATION H1 2017 H1 2017 AT A GLANCE With RESET almost concluded successfully, TOM TAILOR GROUP undergoes the most comprehensive restructuring program in the company
More informationPagesJaunes Groupe: revenues up 5.7% on constant publication basis in first nine months of 2007
P Sèvres, October 26, 2007 PagesJaunes Groupe: revenues up 5.7% on constant publication basis in first nine months of 2007-23.9% growth in revenues from Internet services, which represented 32.6% of Group
More informationFinancial Objectives. Forward Looking Statements. Symantec 2012 Financial Analyst Day 5/24/2012. James Beer. EVP & Chief Financial Officer
Financial Objectives James Beer EVP & Chief Financial Officer 1 Forward Looking Statements This presentation contains statements regarding our projected financial and business results, which may be considered
More informationHydro takes over Vale s aluminium business in transforming transaction
Hydro takes over Vale s aluminium business in transforming transaction Svein Richard Brandtzæg, President and CEO Bank of America Merrill Lynch Global Metals & Mining Conference May 12, 2010 (1) Cautionary
More informationBiopharmaceuticals Investor & Analyst Day
Adequate picture Biopharmaceuticals Investor & Analyst Day Strategic perspective on Merck KGaA, Darmstadt, Germany Karl-Ludwig Kley CEO Darmstadt, Germany September 18, 2014 Disclaimer Remarks All comparative
More informationHalf-year figures 2017
1 Half-year figures 2017 Beter Bed Holding N.V. 30 August 2017 1 2 Agenda Financials Objectives and strategy Formats Outlook 2 3 Revenue per quarter Eur x 1.000 3 4 EBITDA per half-year Eur x 1.000 4 5
More informationWESTFALIA AUTOMOTIVE ACQUISITION AUGUST 25, 2016
WESTFALIA AUTOMOTIVE ACQUISITION AUGUST 25, 2016 1 SAFE HARBOR STATEMENT FORWARD-LOOKING STATEMENTS This presentation may contain "forward-looking statements" as defined in the Private Securities Litigation
More informationGRUPO ANTENA 3 PRESENTATION TO INVESTORS. European TMT Conference Deutsche Bank. September 2011
GRUPO ANTENA 3 PRESENTATION TO INVESTORS European TMT Conference Deutsche Bank September 2011 1 WHAT THE PLAYING FIELD LOOKS LIKE 2 HOW WELL WE ARE PLAYING THE GAME 2 1 WHAT THE PLAYING FIELD LOOKS LIKE......ANTENA
More informationGLOBAL VIDEO-ON- DEMAND (VOD)
GLOBAL VIDEO-ON- DEMAND (VOD) HOW WORLDWIDE VIEWING HABITS ARE CHANGING IN THE EVOLVING MEDIA LANDSCAPE MARCH 2016 A CHANGING VIDEO-VIEWING LANDSCAPE Nearly two-thirds of global respondents say they watch
More informationSQS India BFSI Investors Presentation
SQS the world s leading specialist in software quality SQS the world s leading specialist in software quality sqs.com Sqs-bfsi.com SQS India BFSI Investors Presentation Dr. Martin Müller Managing Director
More informationCECONOMY AG Equity Story. Investor Presentation, January 2018
CECONOMY AG Equity Story, DISCLAIMER AND NOTES BY ACCESSING THIS PRESENTATION YOU AGREE TO THE FOLLOWING RESTRICTIONS This document and the presentation to which it relates is intended for information
More informationHAMBURGER HAFEN UND LOGISTIK AG
HAMBURGER HAFEN UND LOGISTIK AG Analyst conference on the 2017 financial year results Hamburg, 28 March 2018 Disclaimer The facts and information contained herein are as up to date as is reasonably possible
More informationPearson! Interim results. 28 July 2003
Pearson! Interim results 28 July 2003 On track for full year! Strong competitive performances! Continuing efficiency gains Financial highlights m H1 2003 H1 2002 change as reported change underlying Sales
More informationONLINE DISPLAY ADVERTISING BOUNCES BACK. Double digit growth for online advertising as Display drives European growth rate to 15.
ONLINE DISPLAY ADVERTISING BOUNCES BACK Double digit growth for online advertising as Display drives European growth rate to 15.4% year-onyear Barcelona 8 th June 2011: Display advertising is back! That
More informationNord Anglia Education Second Quarter Fiscal 2014 Results Presentation. April 23, 2014
Nord Anglia Education Second Quarter Fiscal 2014 Results Presentation April 23, 2014 For the period ended February 28, 2014 Disclaimer Neither Nord Anglia Education Inc. nor any of its subsidiaries or
More informationFor personal use only
For personal use only FIRST HALF RESULTS AND GUIDANCE UPDATE 31 Dec 2015 25/2/16 Brian Shanahan CEO and Co-Founder Deborah Kelly Group CFO Summary: Proforma First Half Results FY16 Temple & Webster is
More informationBIG UNLIMITED FY18 Q1 4C UPDATE OCT 2017
BIG UNLIMITED FY18 Q1 4C UPDATE OCT 2017 WHAT IS BIG BIG (ASX: BIG) is the parent company of Big Review TV Ltd. Big Review TV are innovative disruptors in the online video space. They are a video driven
More informationFinancial and other information related to the intended combination of Intrum Justitia and Lindorff published by Intrum Justitia
Stockholm 12 June 08:10 CET (page 1 of 5) PRESS RELEASE Intrum Justitia AB (publ) Corporate identity no.:556607-7581 Financial and other information related to the intended combination of Intrum Justitia
More informationValmet unique offering with process technology, automation and services. Investor Lunch March 17, 2016 Kari Saarinen, CFO
Valmet unique offering with process technology, automation and services Investor Lunch Kari Saarinen, CFO Agenda Investor lunch 1 2 Valmet s in brief Investment highlights 3 Area development 4 Conclusions
More informationMADE TO TRADE. Jahresgespräch Kreditversicherer
MADE TO TRADE. Jahresgespräch Kreditversicherer Olaf Koch, CFO 20 July 2011 METRO AG 2011 Disclaimer and Notes To the extent that statements in this presentation do not relate to historical or current
More informationHow to Build Brands Using Online Advertising: Lessons Learned
How to Build Brands Using Online Advertising: Lessons Learned IAB Chile Seminar on Interactive Marketing Gian Fulgoni, Chairman, comscore Inc. Discussion Online Advertising in Latin America The Correct
More informationInvestor Presentation 23 January 2015
Investor Presentation 23 January 2015 Global Crowd Sourced Micro-Job Platform 1 Corporate Snapshot ASX Code: CM8 Ordinary Shares on Issue 75m Market Cap (@ 20 cents) $15m Directors Theo Hnarakis Non-Executive
More informationQUESTIONNAIRE FOR FIRMS. INNOVATION-BASED STRATEGIES FOR GLOBALIZATION Questionnaire for SECTOR NAME (COUNTRY NAME)
VR Questionnaire Insert logo of partner institution here QUESTIONNAIRE FOR FIRMS INNOVATION-BASED STRATEGIES FOR GLOBALIZATION Questionnaire for SECTOR NAME (COUNTRY NAME) Person that makes the interview
More informationPiaggio Group Mr. Michele Pallottini Finance General Manager
Piaggio Group 2009-2012 Mr. Michele Pallottini Finance General Manager Disclaimer This presentation contains forward-looking statements regarding future events and future results of Piaggio & C S.p.A (the
More informationFinancial performance Q May 2016
Financial performance Q1 2016 12 May 2016 Agenda Achievements of Q1 2016 Enhancing position in the region Strategic initiatives performed in Q1 2016 Financial performance in Q1 2016 Dividend for 2015 Outlook
More informationPartnership to Success Ulrich Gros CFO Immowelt Capital Markets Day Berlin, December 8 th, 2016
Partnership to Success Ulrich Gros CFO Immowelt Capital Markets Day Berlin, December 8 th, 2016 1 Immowelt s Partnership to Success Immowelt is growing successfully together with their Real Estate Professionals
More informationUnilever Investor Event 2017 Graeme Pitkethly 29 th November 2017
Unilever Investor Event 2017 Graeme Pitkethly 29 th November 2017 What you have heard so far Driving growth in each Category Fuelling growth and margin expansion Personal Care Home Care Foods & Refreshment
More informationDentsu 2017 and Beyond -Innovation Reinvention-
Dentsu 2017 and Beyond -Innovation Reinvention- This document contains forward-looking statements regarding the intent, belief or current expectations of the management of Dentsu Inc. with respect to the
More informationA Leading Global Health Care Group
A Leading Global Health Care Group Roadshow Copenhagen October 6, 2015 For detailed financial information please see our annual/quarterly reports and/or conference call materials on www.fresenius.com/ir.
More informationThe Softship Share Contact And Disclaimer Attachments. What To Expect. Our Evolution Products Overview Balance Sheet Profit And Loss Report
Overview What To Expect Distinctive Features Softship In A Nutshell Softship s Executive Directors The Group s Structure Business Area Shipping Business Area Airline Finances The Softship Share Contact
More informationDebt Investors Call Third-Quarter Walldorf, Germany Thursday, November
Debt Investors Call Third-Quarter 2015 Walldorf, Germany Thursday, November 5 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements
More informationQ Financial Results Presentation. Investor Relations
Q4-2017 Financial Results Presentation Investor Relations 0 Disclaimer Saudi Telecom Company (STC) has prepared this presentation to the best of its abilities, however, no warranty or representation, express
More informationPaddy Power Betfair plc Prelim Results
Paddy Power Betfair plc 2017 Prelim Results Overview 2 Observations Solid financial performance in 2017 Many important competitive advantages Merger integration successfully completed Sportsbet has an
More informationThe German Market at a Glance
Ein A company Unternehmen of ProSiebenSat.1 der ProSiebenSat.1 Media SE Media SE The German Market at a Glance German Economy 2 07/13 12/13 05/14 10/14 03/15 08/15 01/16 06/16 11/16 04/17 2005 2010 2013
More informationEMEA MARKET MARKETING HEIDI ARKINSTALL CMO. RENE OEHLERKING Jaybird. UJESH DESAI GM, Gaming
EMEA MARKET MARKETING HEIDI ARKINSTALL CMO RENE OEHLERKING Jaybird UJESH DESAI GM, Gaming FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the U.S.
More informationEVRY ASA Financial Services and Open banking. EVP Financial Services Wiljar Nesse
EVRY ASA Financial Services and Open banking EVP Financial Services Wiljar Nesse EVRY Creating digital advantage # 1 # 4 #1 Norway Sweden Financial services in the Nordics Revenue 12,6 BN NOK Committed
More informationGerman Equity Forum 2014
SNP Schneider-Neureither & Partner AG German Equity Forum 2014 25. - 26. November 2014 Dr. Andreas Schneider-Neureither, CEO Jörg Vierfuß, CFO German Equity Forum 2014 2 Agenda 1 Executive summary 2 Business
More informationFresenius Investor News
health care worldwide August 3, 2006 Contact: Birgit Grund Fresenius AG Investor Relations Tel. ++49-6172 - 608 2485 Fax ++49-6172 - 608 2488 e-mail: ir-fre@fresenius.de Internet: www.fresenius-ag.com
More informationHIKMA PHARMACEUTICALS PLC. Merrill Lynch Middle East & North Africa (MENA) Conference 13 December r 2005
HIKMA PHARMACEUTICALS PLC Merrill Lynch Middle East & North Africa (MENA) Conference 13 December r 2005 Important notice This document and its contents are confidential and may not be redistributed or
More informationThe Evolution of Digital Advertising: From Direct Response to Branding Gian Fulgoni Executive Chairman and Co-Founder comscore, Inc
The Evolution of Digital Advertising: From Direct Response to Branding Gian Fulgoni Executive Chairman and Co-Founder comscore, Inc comscore, Inc. Proprietary. Topics for Today The Click Search vs. Display
More information/ IBE-WATCH FACT SHEET Q1 2017
IBERDROLA: Net Electricity Production (provisional) TOTAL GROUP GWh % Weight vs 2016 GWh % Weight vs 2016 Renewables 16,331 43% -10.0% 16,331 43% -10.0% Onshore wind 9,501 25% -3.8% 9,501 25% -3.8% Offshore
More informationVivo Investor Day Unique combination of Value and Growth
Vivo Investor Day Unique combination of Value and Growth Eduardo Navarro CEO New York March 12 th 2018 Disclaimer This presentation may contain forwardlooking statements concerning future prospects and
More informationSet to be the leading digital omni-channel bank
Set to be the leading digital omni-channel bank AGENDA Business model and key success factors Key highlights of 2013-16 Business Plan Closing remarks 82 BACK IN 2008 LAUNCHING ANOTHER ME TOO BANK WOULD
More informationMicrosoft Dynamics CRM Online. Pricing & Licensing. Frequently Asked Questions
Microsoft Dynamics CRM Online Pricing & Licensing Frequently Asked Questions A frequently asked questions (FAQ) document on pricing & licensing for Microsoft Dynamics CRM Online. The document provides
More informationFinancial Results Meeting: The 1st 6 Months of FY Ending March 2018 (April 1, 2017 September 30, 2017) November 10, 2017
Financial Results Meeting: The 1st 6 Months of FY Ending March 2018 (April 1, 2017 September 30, 2017) November 10, 2017 Contents Summary of Business Results for Six Months ended September 30, 2017, and
More information