Results 2013 Lisbon, March 17th 2014
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Results 2013
Lisbon, March 17th 2014
Main numbers 2013
2
Changes(in M€) 2013 2012 (M€) (%)
Total Revenues 237,2 229,1 8,1 3,5%
Advertising 116,3 117,3 -1,1 -0,9%Channel Subscriptions 44,4 45,1 -0,7 -1,5%Publications 27,3 30,4 -3,1 -10,2%Others 49,2 36,2 13,0 35,8%
Operating Costs 206,8 209,6 -2,7 -1,3%
EBITDA 30,4 19,5 10,9 55,7%EBITDA (%) 12,8% 8,5%
Impairments - 2,8 -2,8 n.a.
Net profits 6,6 -4,9 11,5 n.a.
Net Debt 188,2 204,1 -15,9 -7,8%
Stock Market Gains
3
0,1
0,3
0,5
0,7
0,9
1,1
1,3
Jan‐13 Fev‐13 Mar‐13 Abr‐13 Mai‐13 Jun‐13 Jul‐13 Ago‐13 Set‐13 Out‐13 Nov‐13 Dez‐13
IMPRESA ‐ 2013Euros
Gain of 250,2% in 2013
Advertising Market
Lisbon, March 17th 2014
Advertising Market (M€)
5
Market dropped
8% in 2013346,8
369,8
422,0
507,0
603,6
659,1619,9
563,7 583,3
664,1686,0 686,7
720,2 705,2
600,1 585,3
517,4
423,6389,5
0,0
100,0
200,0
300,0
400,0
500,0
600,0
700,0
800,0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013Source: Advertising Agencies
Market lost331 M€ in 6
years
Advertising Market: two different semesters
6
‐12,5%
‐21,8%
0,7%
4,5%
‐25,0%
‐20,0%
‐15,0%
‐10,0%
‐5,0%
0,0%
5,0%
10,0%
1ºT 13 2ºT 13 3ºT 13 4ºT 13
Advertising Market(Quartely % 2013 y‐o‐y)
Main segments in 2013
7
24,3%
25,7%
27,3%
2011 2012 2013
IMPRESA Market Share2013
(% ch)
TV -9,8%Cable 3,0%Non Daily Press -12,3%Daily Press -19,6%Radio -12,6%Outdoor -10,7%Cinema -23,0%Digital 14,8%
Market -8,0%
IMPRESA -0,9%
Television
Lisbon, March 17th, 2014
SIC – Main numbers in 2013
9
(in M€) 2013 2012 ch (%)
Total Revenues 173,5 158,6 9,4%Advertising 88,3 87,4 1,0%
Channel Subscription 44,4 45,1 -1,5%
Others 40,9 26,2 56,2%
Operating Costs 143,8 135,9 5,9%
EBITDA 29,7 22,8 30,4%EBITDA (%) 17,1% 14,4%
Results Before Taxes 23,5 14,8 59,1%
SIC – better than the market
10
‐14,0%
‐22,7%
0,6%
6,6%
‐2,8%
‐13,5%
12,8% 13,0%
‐25,0%
‐20,0%
‐15,0%
‐10,0%
‐5,0%
0,0%
5,0%
10,0%
15,0%
1ºT 13 2ºT 13 3ºT 13 4ºT 13
Mercado TV
SIC
TV Ad Market vs SIC
SIC Audiences – Prime‐Time leadership
11
25,3
26,5
23,0
23,5
24,0
24,5
25,0
25,5
26,0
26,5
27,0
2012 2013
Prime Time Audiences
26,6
27,8
23,0
24,0
25,0
26,0
27,0
28,0
29,0
2012 2013
Prime Time (Weekdays)
Leadership since Sept 2012
Leadership with Portuguese fiction ‐ novelas
The novela “Dancin’ Days”, lead the prime‐time audiences, since its release in 2012.
In Sept 2013, was replaced by the novela “ Sol de Inverno”, which kept the number 1 spot.
Also with the important contribution of the brazileannovelas ‐ ”Avenida Brasil” and “Amor à Vida”.
Sunday nights, new entertainment shows “Vale Tudo” and “Splash”.The big release of 2013 was “Factor X”, which fought for
audience leadership on Sunday nigths.12
SIC Content’s
13
In house Novelas
Brazilean Novelas
(Access & Prime‐time)
International Fiction
Entertainement
(Sunday Nights)
Soccer
News
Swiss, USA, Angola, MozambiqueCabo Verde
Angola, Mozambique and CaboVerde
Angola e Mozambique
France, Swiss, Belgium, Luxemburg, Andorra, USA,
Canada, Angola, Mozambique, South Africa, Brazil
6,0M Spectators14 Countries53 Operators4 Channels
Larger international presence
14
Australia
France and Canada
Publishing
Lisbon, March 17th 2014
Publishing – Main numbers in 2013
16
(in M€) 2013 2012 ch (%)
Total Revenues 63,1 68,7 -8,1%Advertising 28,0 29,9 -6,4%Publications 27,3 30,4 -10,2%Others 7,9 8,4 -6,2%
Operating Costs 58,6 69,8 -15,9%
EBITDA 4,5 -1,1 n.a.EBITDA (%) 7,1% -1,6%
Results before Taxes 1,7 -6,7 n.a.
Growth in Web traffic
17
Advertising41,1%
Publications42,2%
Products6,7%
Others5,8%
Digital4,3%
6,0
11,5 12,4
15,8
19,1 18,1
2008 2009 2010 2011 2012 2013
Unique Visitors(million individual monthly average)
Strong presence in APP world
18
Growth in Digital subscribers
19
10.705 11.453
23.021
2011 2012 2013
Number 1 with 8,500 digital subs
48% of Portuguese marketdigital circulation – APCTExpresso, Exame and Exame
Informática – digital representsmore than 10%
Main Numbers
Lisbon, March 17th 2014
Total Revenues
21
253,2
271,1
249,8
229,1
237,2
200,0
210,0
220,0
230,0
240,0
250,0
260,0
270,0
280,0
2009 2010 2011 2012 2013
Operating costs– main items
22
Changes(in M€) 2013 2012 (M€) (%)
Operating Costs 206,8 209,6 -2,7 -1,3%
Variable Costs 137,3 135,3 2,1 1,5%
Fixed Costs 68,9 74,3 -5,4 -7,2%
Programs (TV) 71,4 72,8 -1,4 -2,0%
Personnel 49,4 52,8 -3,5 -6,5%
Reest Charges 0,6 4,9 -4,2 -87,4%
Production (Pub) 14,2 17,9 -3,6 -20,3%
External Supplies 9,2 10,1 -0,9 -8,5%
Others 61,4 51,1 10,3 20,2%
Main costs
Strong recovery in EBITDA margin
23
33,3 33,7
22,319,5
30,4
13,1%12,4%
8,9% 8,5%
12,8%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
40,0
2009 2010 2011 2012 2013
(M€)
Other costs
24
Variations(in M€) 2013 2012 (M€) (%)
Total Revenues 237,2 229,1 8,1 3,5%
EBITDA 30,4 19,5 10,9 55,7%
Depreciation 5,3 7,1 -1,9 -26,1%
Financial (-) 11,8 13,3 -1,5 -11,6%
Res. Before Taxes 13,3 -1,0 14,3 n.a.
Impairment’s 2,8 -2,8 n.a.
Income Taxes 6,7 1,2 5,5 475,9%
Net Profit 6,6 -4,9 11,5 n.a.
Net Debt Evolution (M€)
25
248,1
231,3
213,3 213,0204,1
188,2
Dez‐08 Dez‐09 Dez‐10 Dez‐11 Dez‐12 Dez‐13
Net Debt/EBITDA 6,2x
Return to net profits
26
7,810,1
‐35,1
‐4,9
6,6
‐40,0
‐35,0
‐30,0
‐25,0
‐20,0
‐15,0
‐10,0
‐5,0
0,0
5,0
10,0
15,0
2009 2010 2011 2012 2013
(M€)
2014 Perspectives
Lisbon, March, 17th 2014
Objectives for 2014
Market share consolidation
Improvement in Operational Indicators.
Further Revenue diversifocation
Further reduction of Net Debt
Growth in net profits.
28
Results 2013
Lisbon, March 17th 2014
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