Post on 29-Dec-2015
July 24th, 2002
2002 FIRST HALF RESULTS
MAIN FIGURES
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
Net ProfitNet Profit
1H 20011H 20011H 20011H 2001 % change% change % change% change
589589
(million euros)(million euros)
4242
8484
5252
8.8%8.8%
1.8
56.4
15.5
14.2
66
97
59
9.9%
EBITDA MarginEBITDA Margin
EBIT MarginEBIT Margin
16.2%
1H 20021H 20021H 20021H 2002
14.3%14.3%
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
599
REVENUES BY LINE OF ACTIVITY
NEWSPAPERS & MAGAZINES
BOOKS & RIGHTS
ADVERTISING
TOTAL REVENUES
104
176
227
1H 2001
1.7
(7.4)
9.4
% change
589589 1.81.8
231
163
113
1H 2002
599599
OTHER REVENUES 91 12.481
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
(million euros)(million euros)
Revenues by source
39% 39%
27% 30%
19% 17%
15% 14%
1H02 1H01
Advertising Newspapers & MagazinesBooks & Rights Other
€599 mn €589mn
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
REVENUES BY LINE OF ACTIVITY
REVENUES GEOGRAPHICAL DISTRIBUTION
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
1H 2002
National 73%
International 27% International 27%
National 73%
1H 2001
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
TOTAL EBIT
PUBLISHIN
G
EBIT BREAKDOWN BY BUSINESS UNIT (MN €)
LOC
AL
TV
59EL
PAÍS
36
2019
6G
DM
SPEC. &
REGIO
NAL
PRESS
3
-2
LEIS
UR
E &
ENTE
RTA
INM
ENT
-3 -4
PRIS
A &
OTH
ERS
-4
INTE
RN
ATI
ON
AL
MED
IA
INTE
RN
ET
-5-7
RADIO
PRINTI
NG
(eur million)
Publishing:
El País:
Printing:
57.57.44
16.16.22
8.98.9
4.14.1
3.63.6
1.71.7
2.92.9 Radio:
Local TV’S
Total investment
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
Net Debt as of June 2002 : € 485 million
Net Debt as of December 2001: € 371 million
Prisacom
Prisa & Others 20.20.00
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
150
35
30
19.7%19.7%
(million euros)(million euros)
1H 20011H 2001 % change% change
1.7153153
4242
3636
23.8%23.8%
1H 20021H 2002
20.3
22.7
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
EL PAIS MAIN FIGURES
AVERAGE DAILY CIRCULATIONAVERAGE DAILY CIRCULATION
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
EL PAIS LEADER IN CIRCULATION
AVERAGE SUNDAY CIRCULATIONAVERAGE SUNDAY CIRCULATION
1H 20021H 2002 1H 20011H 2001
445,234445,234 436,965436,965
735,377735,377 716,618716,618
Change %Change %
1.9
2.6
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
2002
-30-26-22-18-14-10
-6-226
101418222630
1Q 2Q 3Q 4Q 1Q 2Q
-9%-14%
- 22%
-11%
3%
%
EL PAIS
ADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERS
2001
-21%
Including A3 Radio
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
92
19
16
(million euros)(million euros)
1H 20011H 2001 % change% change
4.4
MAIN FIGURESMAIN FIGURESRADIO/SER
EBITEBIT
EBIT MarginEBIT Margin 23.5%23.5%
2424 14.314.3
17.7%
2222
2020
1H 20021H 2002
20.7%20.7%
21.2%21.2%
2121
18.4
21.6
RevenuesRevenues 102102 9999 3.03.0
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
9696
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
2002
-10
-6
-2
2
6
10
1Q 2Q 3Q 4Q 1Q 2Q
1%
5%
- 2%
0%
%
RADIO
ADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERS
2001
-1%
6%
EDUCATION AND GENERAL EDITIONS
1H 20011H 2001 % change% change1H 20021H 2002
MAIN FIGURES
2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS
RevenuesRevenues
EBITDAEBITDA
EBITEBIT
EBIT MarginEBIT Margin
180
31
17
(million euros)(million euros)
(7.1)167167
3434
1919
11.4%11.4%
12.0
9.5
9.6%9.6%
EDUCATION AND GENERAL EDITIONS
1H 20011H 2001 % change% change1H 20021H 2002
MAIN FIGURES EXCLUDING MEXICO
2002 FIRST QUARTER RESULTS2002 FIRST QUARTER RESULTS
RevenuesRevenues
EBITEBIT
EBIT MarginEBIT Margin
180
17
9.4
(million euros)(million euros)
(13.9)155155
1111
7.17.1
(35.3)
EDUCATION AND GENERAL EDITIONS GEOGRAPHICAL DISTRIBUTION
1H 2002 1H 2001
2002 FIRST QUARTER RESULTS2002 FIRST QUARTER RESULTS
Spain & Portugal 23%
Latam 77% Latam 75%
Spain & Portugal 25%
2002 FIRST QUARTER RESULTS2002 FIRST QUARTER RESULTS
OTHER BUSINESSES
PRISACOM: substantial improvement in EBIT due to cost-cutting initiatives
LOCAL TV’S: incorporation of new local broadcasters
INTERNATIONAL MEDIA: impact of the proportional consolidation of RADIOPOLIS
LOCAL & REGIONAL PRESS: remarkable improvement of AS and regional press margins
2002 FIRST QUARTER RESULTS2002 FIRST QUARTER RESULTS
RELEVANT EVENTS
AGREEMENT WITH GRUPO ZETA
NEW PARTNERS IN LOCAL TV’S
Perform and commercialize
magazines for general information newspapers
FINGALICIA (BANCO PASTOR
and INVERSIONES IBERSUIZAS) and AGRUPACIÓN RADIOFONICA