10 april, 2003 2003 general shareholders meeting
TRANSCRIPT
10 April, 2003
2003 GENERAL SHAREHOLDERS MEETING
Año 2002Año 2002
2
PIB EVOLUTION (%)
Grupo PRISA
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
1999 2000 2001 2002
Spain Eurozone Latam
55 3
Grupo PRISA
66 64
Grupo PRISA
75
€ Million
14% 14%
18% 20%
28%
38%
32%
36%
2001 2002
1,197 mn € 1,216 mn €
Advertising
Books & Rights
Newspapers & Magazines
Others
Grupo PRISA
REVENUES BY LINE OF ACTIVITY
8866
Others 15%
Brazil 4%
Mexico 6%
Spain 75%
Others 10%
Colombia 3%
Brazil 3%
Mexico 7%
Spain 77%
2001
2002
1,197 mn € 1,216 mn €
International Revenues in 2002
Santillana: 73%
International Media: 17%
Printing: 10%
Grupo PRISA
Revenues Breakdown by Geographic Area
1313 77
Others 13%
Brazil 3%
Mexico 14%
Spain 70%
Others 3%
Colombia 6%
Brazil 3%
Mexico 12%
Spain 76%
2001
2002
116 mn € 119 mn €
Grupo PRISA
EBIT Breakdown by Geographic Area
1414 8
Grupo PRISA
151515159
2000 2001 2002
Investments Net Debt: Ratios
Focused on CAPEX rationalization
343
€ Million
308
131
Net Debt/EBITDA: 2.15
Net Debt/Equity: 70.4%
Net Debt & Investments
Grupo PRISA
19 10
Grupo PRISA
2011
Average Daily Circulation (copies)
Weekend Average Circulation (copies)
2001 2002
433,617
435,299
732,681725,710
2001 20021Q 2003
495,104
1Q 2003
874,242
Grupo PRISA
21 12
Grupo PRISA
2002 Market share in conventional format
SER 44%
COPE 17%
RNE 18%
ONDA CERO 21%
13
Grupo PRISA
2323 14
Grupo PRISA
15
27%
12%
21%
40%Spain & Portugal
Others
Mexico
Brazil
19%
36%
20012001
32%
13%
20022002
389 mn € 347 mn €Revenue breakdown by geographic area
Grupo PRISA
16
Other countries 34%
Brazil 6%
Mexico 36%
Spain 24%
Other countries 26%
Brazil 9%
Mexico 39%Spain 26%
2001
2002
EBIT breakdown by geographic area
Grupo PRISA
17
Specialized Press
Diario As (copies)Cinco Días
1997 2002 1Q 2003
123,447
176,892
212,761 2002 1Q 20032001
25,535 24,62125,731
El Correo
2002 1Q 20032001
14,400 14,571
21,808
Cinemanía
2002 1Q 20032001
33,464 46,081
67,000
Grupo PRISA
Local TV presence
Localia TV presence by Autonomous regions
Andalucía
Aragón
Asturias
Baleares
Cantabria
Castilla-La Mancha
Castilla y León
Cataluña
17
3
3
2
1
2
5
1
Total: 73 stations
Madrid
Valencia
Extramadura
Galicia
La Rioja
Murcia
Navarra
Vasque country
8
7
8
6
1
4
1
4
With stations
18
Grupo PRISA
2829 2919
Current Presence: Mexico
Mexicali
Monterrey
San Luis Potosi
Guadalajara
VeracruzD.F.
Cities with stations owned by Prisa
20
Grupo PRISA
Current presence: Colombia, main cities
Main cities with stations owned by Prisa
Total presence: 48 cities 117 broadcasters
21
Grupo PRISA
Cartagena
Medellín
Barranquilla
Bogotá
Medellín
Cali
Current presence: Chile, main cities
Santiago
Antofagasta
Viña del Mar
Rancagua
Concepción
Puerto Montt
Valparaíso
Talcahuano
Temuco
Iquique Main cities with stations owned by Prisa
Total presence104 own stations32 jointly owned stations60 cities
22
Grupo PRISA
Grupo PRISA
313224
• Latest acquisition development
• Control the level of debt
• CAPEX rationalization
• Control and reduction of costs
• Disinvestments in non core business divisions
GENERAL STRATEGY
Grupo PRISA
313225
• Maintenance leadership position in Press and Radio
• Strengthen new business divisions
• Positive EBIT in Specialized and Regional Press
• Education. New markets
• Accelerate investments returns
• Integration of Digital Platforms
STRATEGY IN SPAIN
Grupo PRISA
313226
• Development of the radio business in the main markets in
Latam
• Santillana expansion in USA
• Optimization of investments profitability.
ESTRATEGIA INTERNACIONAL
Grupo PRISA
10 April, 2003
2003 GENERAL SHAREHOLDERS MEETING