1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

14
1 2003 ANNUAL RESULTS 27th February, 2004

Transcript of 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

Page 1: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

1

2003 ANNUAL RESULTS

27th February, 2004

Page 2: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

2

El País

Pedro García Guillén

Page 3: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

3

The first newspaper in Spanish

language in the world

and the only Spanish global newspaper

GRUPO PRISA – EL PAÍS

Page 4: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

4

ADVERTISING INVESTMENT: 2003/2002 change by quarters

and target for 2004

-0.36%

-6.61%

+0.21%

+2.71%

+7%

1st quarter 2003

2nd quarter 2003

3rd quarter 2003

4th quarter 2003

2004: Target

GRUPO PRISA – EL PAÍS

Page 5: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

5

- The advertising market is starting to recover

EL PAÍS target: Increase the market share by 5% in the next three years.

National newspapers

Target: 35%El País 35%

El Mundo 20%

La Razón 6%La Vanguardia

11%ABC 14%

El Periódico 14%

El País 30%

El Mundo 19%

La Razón 7%La Vanguardia

16%

ABC 17%

El Periódico 11%

2003 Audience market share Advertising investment market share 2002

Source: Feb/Nov 2003 EGM Source: Magazine Control Mayo 2003 (Infoadex figures)

GRUPO PRISA – EL PAÍS

Page 6: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

6

1. Getting new advertising lines.

2. Creation of a specific sales force to attract local advertising in Madrid and Barcelona.

3. Cross sales with other media of the group.

ADVERTISING INVESTMENT: Growth strategy for El País

GRUPO PRISA – EL PAÍS

Page 7: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

7

435,433

436,302

433,617435,298

440,225

450,000

1999 2000 2001 2002 2003* Target2004

CIRCULATION AND AUDIENCE: Market situation

Average daily circulation of El País

785,000

709,244

721,569

732,681

725,710

773,001

1999 2000 2001 2002 2003* Target2004

Weekly average circulation EPS

2003*: Pending OJD confirmation

GRUPO PRISA – EL PAÍS

Page 8: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

8

EL PAÍS versus competitors: Circulation

Situación del mercadoCIRCULATION AND AUDIENCE: Market situation

436,302 433,617 435,298 440,225435,433

285,303 291,063

312,366

300,297293,053 291,950

279,050 262,874

28,512

68,123

122,896140,096

166,951166,590

184,251194,920

202,794198,337191,673205,126

1999 2000 2001 2002 2003*

EL PAÍS

EL MUNDO

A.B.C.

LA VANGUARDIA

EL PERIÓDICO

LA RAZÓN

2003*: Pending OJD confirmation Source: OJD

GRUPO PRISA – EL PAÍS

Page 9: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

9

Source: EGM

Situación del mercado

EL PAÍS versus competitors: Audience

GRUPO PRISA – EL PAÍS

CIRCULATION AND AUDIENCE: Market situation

1,941,000

1,603,000

1,511,0001,447,000

1,169,000

1,075,000

948,000996,000920,000

923,000

802,000

813,000802,000

780,000

831,000

764,000767,000839,000

837,000

653,000629,000607,000 623,000 615,000375,000

323,000

1999 2000 2001 2002 2003

1,447,000

EL PAÍS

EL MUNDO

A.B.C.

LA VANGUARDIA

EL PERIÓDICO

LA RAZÓN

Page 10: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

10

1. Boosting individual subscriptions

2. Gathering young readers

3. International growth

GRUPO PRISA – EL PAÍS

CIRCULATION AND AUDIENCE: Growth strategies for El País

Page 11: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

11

Boosting individual subscriptions

Target: raising the amount of subscriptions by 37%

Source: OJD and editors certificate

Dec. 2002

Dec. 2003*Year-on-year

changeTarget Dec.

2004Year-on-year

change

11,415 15,273 34% 21,000 37%

* 2003: Pending OJD audit

GRUPO PRISA – EL PAÍS

CIRCULATION AND AUDIENCE: Growth strategies for El País

Page 12: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

12

Gathering young readers: specific programs

• El País de los Estudiantes

• El País de la Universidad

• Tentaciones

GRUPO PRISA – EL PAÍS

CIRCULATION AND AUDIENCE: Growth strategies for El País

Page 13: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

13

• Sales increase in Europe.

• Sales increase in America.

• Through:

- Content improvement

- Better distribution

- Achieving new subscriptions

International growth

GRUPO PRISA – EL PAÍS

CIRCULATION AND AUDIENCE: Growth strategies for El País

Page 14: 1 2003 ANNUAL RESULTS 27th February, 2004. 2 El País Pedro García Guillén.

14

Year 2003:

• EBIT €2.7 Million (3.2% of the EBIT)

• Newspaper circulation increase: 37,000 copies

Year 2004:

• Target: 15% of the EBIT

• Newspaper circulation increase: 40,000 copies

PROMOTIONS: A new business line

GRUPO PRISA – EL PAÍS