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Certain statements included in this presentation
constitute “forward-looking statements” within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which could cause actual results to differ
materially from future results expressed or implied by such forward looking
statements. Such factors include,
among others, the following: the
impact of conditions in the entertainment, information and communications
industries; risks associated with the economic, political and regulatory
policies of local governments and laws and policies of Canada; the
potential impact of increased competition in the Company’s markets; and
other factors which are described in the Company’s filings with the
Securities and Exchange Commission. |
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Increase revenue by investing in programming,
focusing on customers and leveraging technology |
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Committed to free cash flow and to reduce our
net debt position to <3x |
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Ensure company is ready from an operational and
balance sheet perspective to participate in the next round of Canadian
media consolidation |
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Specialty market growth remains strong +15%
(FYTD) |
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The W Network relaunch has been a huge success
(audience and revenue +12% F’03, 9 months) and we have less than 2% of
total women viewing) |
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We believe we can continue to build on kid
revenue with our Kidfluence selling approach (automotive, financial
services currently represent <5% of revenue, compared to 20% for the
television industry revenue share) |
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While digital growth has slowed we believe it
will continue to expand on the strength of VOD/SVOD applications |
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Drivers for F’04 include family movies on YTV,
more movies on W, co-op marketing initiatives for Corus Premium and English
programming on TLN |
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WE ARE CANADA’S LEADING RADIO OPERATOR IN TERMS
OF REVENUE, REACH AND AUDIENCE TUNING |
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Markets continue very strong (+ 7% YTD) |
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Confident in our ability to achieve 30% margins
in F ’04 |
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Toronto cluster well positioned in Canada’s
largest radio market |
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Montreal recovered nicely in F’03. Momentum expected to continue. Vancouver and Calgary under some
pressure due to competitive reformatting |
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Massive commitment to sales training continues |
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No expensive reformats planned, facility
consolidation completed |
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Decision to focus on leveraging brands and
reducing dependence on production is bearing fruit |
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Beyblade and Rescue Heroes performing well |
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Fairly Odd Parents next, then Babar and
Berenstain Bears |
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Working on home video distribution deals,
retailer tie-in and Babar the Movie |
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Some signs of life in Germany with Saban
investment but still little revenue for Corus. Expect F’05/’06 to see recovery |
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New marketing team finding their way |
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Still possibility of Klutz payments for
Scholastic – 2005 |
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EBITDA growth >10% for radio |
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EBITDA growth >10% for TV |
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Free cash flow target met |
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Nelvana operation cash flow neutral |
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Drive margin enhancement and increase operating
earnings |
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Reduce leverage/improve free cash flow |
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Acquisition – tuck in only |
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Earnings |
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Consolidated EBITDA growth of 10% to 15% |
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Debt |
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EBITDA/Debt ratio of 3.0 to 3.5 times |
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Notes
