Annual General Meeting 2016 - Amazon Web Services · Two classifieds champions in growth and margin...
Transcript of Annual General Meeting 2016 - Amazon Web Services · Two classifieds champions in growth and margin...
Annual General Meeting 2016 Berlin, April 13, 2016
Dr Mathias Döpfner, Chairman & CEO
Our corporate mission
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The leading
digital publisher
Digital share already …
62% of revenues
80% of ad revenues
70% of EBITDA
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Digital transformation
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Paid Models
Marketing Models
Classified Ad Models
Classified portfolio with strongest growth
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Mostly #1 positions
14% organic revenue growth
305 €m EBITDA
Back to 100% ownership
Shareholder structure after capital increase
(~9m new shares)
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Ratio
Axel Springer Gesellschaft für Publizistik 47.3%
General Atlantic 8.3%
Dr. h. c. Friede Springer 5.1%
Dr. Mathias Döpfner 2.8%
Other shareholdings 36.5%
Shares in total: 107,895,311 100.0%
Two classifieds champions in growth and margin
#1 Job Board
in Germany and UK
#1
Real Estate Portal in France
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Immowelt & Immonet: The strong #2 in German
Online Real Estate
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Target:
40% EBITDA
margin in 2018 &
Successful market entry of kaufDA in the US
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>6.5m downloads of the US app
>180 retail partners
Milestone USA: Business Insider
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Revenues: +41% yoy
250-300 own articles (daily)
150 journalists (US edition)
Reach: 100m users worldwide*
* Unique Users. Google Analytics. February 2016
upday – Innovative news platform for Samsung
Curation by journalists
plus algorithm-based
personalization
Start in Germany, Poland,
UK and France at the
beginning of 2016
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Digital subscriptions continue to grow
~393,000 paid subs
(as of February 2016)
+25% yoy
Source: IVW, Monthly average: May 2014 to February 2015 against May 2015 to February 2016
Financials 2015
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Group key figures1) in €m
Net income
2015
3,294.9
559.0
304.6
2.22
213.5
194.2
eps. adj. (in €)
Financial Statements of Axel Springer SE (HGB)2) in €m
Net income
Distributable profit
2014
3,037.9
507.1
235.7
2.01
590.8
295.4
Revenues
EBITDA
yoy
8.5%
10.2%
29.2%
10.3%
1) All group figures refer to continuing operations only. 2) All figures regarding the Financial Statements of Axel Springer SE (HGB=German Commercial Code) refer to continued and discontinued operations.
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224%
24
7%
67%
0%
50%
100%
150%
200%
250%
300%
350%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
310%
77%
2002-2014: Market capitalization of peers decreased –
Axel Springer‘s more than tripled
Market cap
Axel Springer
EBITDA
Axel Springer
EBITDA comparable
companies
Market cap
comparable
companies
Data for Axel Springer according to annual reports, for comparable companies according to Bloomberg / Thomson Reuters (for 2015 not all figures available yet).
Comparable companies including: Gruppo L’Espresso, Caltagirone, Mondadori, RCS Mediagroup, Telegraaf, Prisa, Spir, Sanoma, Independent News and Media, DMGT, Johnston press, Agora, Schibsted,
Lagardere, Tamedia. Market capitalization of Axel Springer 2015 without the effect of the capital increase. Value including this effect and dividend payment would be at 440%.
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Dividend payout on a high level
Div
iden
d
(€/s
hare
)
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37 45
52
107 122
131 131
157 168 168
178 178
194
2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2014
Dividend volume in €m
*Dividend proposal
2015*
0.40 0.48 0.57 1.17 1.33 1.47 1.47 1.70 1.60 0.22 1.70 1.80 1.80 1.80
Outlook 2016
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Low single-digit % growth
Low to mid single-digit % growth
Mid to high single-digit % growth
Revenues
EBITDA
eps (adj.)
Priorities 2016
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Further growth in classifieds
Growth in the U.S.
(Investments in Business Insider and Retale)
Growth of digital subs
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Annual General Meeting 2016 Berlin, April 13, 2016
Dr Mathias Döpfner, Chairman & CEO