July 24th, 2002 2002 FIRST HALF RESULTS. MAIN FIGURES Revenues EBITDA EBIT Net Profit 1H 2001 %...

July 24th, 2002

2002 FIRST HALF RESULTS

MAIN FIGURES

RevenuesRevenues

EBITDAEBITDA

EBITEBIT

Net ProfitNet Profit

1H 20011H 20011H 20011H 2001 % change% change % change% change

589589

(million euros)(million euros)

4242

8484

5252

8.8%8.8%

1.8

56.4

15.5

14.2

66

97

59

9.9%

EBITDA MarginEBITDA Margin

EBIT MarginEBIT Margin

16.2%

1H 20021H 20021H 20021H 2002

14.3%14.3%

2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS

599

REVENUES BY LINE OF ACTIVITY

NEWSPAPERS & MAGAZINES

BOOKS & RIGHTS

ADVERTISING

TOTAL REVENUES

104

176

227

1H 2001

1.7

(7.4)

9.4

% change

589589 1.81.8

231

163

113

1H 2002

599599

OTHER REVENUES 91 12.481

2002 FIRST HALF RESULTS2002 FIRST HALF RESULTS


Revenues by source

39% 39%

27% 30%

19% 17%

15% 14%

1H02 1H01

Advertising Newspapers & MagazinesBooks & Rights Other

€599 mn €589mn


REVENUES BY LINE OF ACTIVITY

REVENUES GEOGRAPHICAL DISTRIBUTION


1H 2002

National 73%

International 27% International 27%

National 73%

1H 2001


TOTAL EBIT

PUBLISHIN

G

EBIT BREAKDOWN BY BUSINESS UNIT (MN €)

LOC

AL

TV

59EL

PAÍS

36

2019

6G

DM

SPEC. &

REGIO

NAL

PRESS

3

-2

LEIS

UR

E &

ENTE

RTA

INM

ENT

-3 -4

PRIS

A &

OTH

ERS

-4

INTE

RN

ATI

ON

AL

MED

IA

INTE

RN

ET

-5-7

RADIO

PRINTI

NG

(eur million)

Publishing:

El País:

Printing:

57.57.44

16.16.22

8.98.9

4.14.1

3.63.6

1.71.7

2.92.9 Radio:

Local TV’S

Total investment


Net Debt as of June 2002 : € 485 million

Net Debt as of December 2001: € 371 million

Prisacom

Prisa & Others 20.20.00

RevenuesRevenues

EBITDAEBITDA

EBITEBIT


150

35

30

19.7%19.7%


1H 20011H 2001 % change% change

1.7153153

4242

3636

23.8%23.8%

1H 20021H 2002

20.3

22.7


EL PAIS MAIN FIGURES

AVERAGE DAILY CIRCULATIONAVERAGE DAILY CIRCULATION


EL PAIS LEADER IN CIRCULATION

AVERAGE SUNDAY CIRCULATIONAVERAGE SUNDAY CIRCULATION

1H 20021H 2002 1H 20011H 2001

445,234445,234 436,965436,965

735,377735,377 716,618716,618

Change %Change %

1.9

2.6


2002

-30-26-22-18-14-10

-6-226

101418222630

1Q 2Q 3Q 4Q 1Q 2Q

-9%-14%

- 22%

-11%

3%

%

EL PAIS

ADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERS

2001

-21%

Including A3 Radio

RevenuesRevenues

EBITDAEBITDA

EBITEBIT


92

19

16


1H 20011H 2001 % change% change

4.4

MAIN FIGURESMAIN FIGURESRADIO/SER

EBITEBIT

EBIT MarginEBIT Margin 23.5%23.5%

2424 14.314.3

17.7%

2222

2020

1H 20021H 2002

20.7%20.7%

21.2%21.2%

2121

18.4

21.6

RevenuesRevenues 102102 9999 3.03.0


9696


2002

-10

-6

-2

2

6

10

1Q 2Q 3Q 4Q 1Q 2Q

1%

5%

- 2%

0%

%

RADIO

ADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERSADVERTISING TREND BY QUARTERS

2001

-1%

6%

EDUCATION AND GENERAL EDITIONS

1H 20011H 2001 % change% change1H 20021H 2002

MAIN FIGURES


RevenuesRevenues

EBITDAEBITDA

EBITEBIT


180

31

17


(7.1)167167

3434

1919

11.4%11.4%

12.0

9.5

9.6%9.6%

EDUCATION AND GENERAL EDITIONS

1H 20011H 2001 % change% change1H 20021H 2002

MAIN FIGURES EXCLUDING MEXICO

2002 FIRST QUARTER RESULTS2002 FIRST QUARTER RESULTS

RevenuesRevenues

EBITEBIT


180

17

9.4


(13.9)155155

1111

7.17.1

(35.3)

EDUCATION AND GENERAL EDITIONS GEOGRAPHICAL DISTRIBUTION

1H 2002 1H 2001


Spain & Portugal 23%

Latam 77% Latam 75%

Spain & Portugal 25%


OTHER BUSINESSES

PRISACOM: substantial improvement in EBIT due to cost-cutting initiatives

LOCAL TV’S: incorporation of new local broadcasters

INTERNATIONAL MEDIA: impact of the proportional consolidation of RADIOPOLIS

LOCAL & REGIONAL PRESS: remarkable improvement of AS and regional press margins


RELEVANT EVENTS

AGREEMENT WITH GRUPO ZETA

NEW PARTNERS IN LOCAL TV’S

Perform and commercialize

magazines for general information newspapers

FINGALICIA (BANCO PASTOR

and INVERSIONES IBERSUIZAS) and AGRUPACIÓN RADIOFONICA

July 24th, 2002 2002 FIRST HALF RESULTS. MAIN FIGURES Revenues EBITDA EBIT Net Profit 1H 2001 %...

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