1 / 20

Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005. As a precautionary note to investors, except for the historic information here provided, statements included in this document constitute forward-looking statements. Such statements assume risks and uncertainties,

lindley
Download Presentation

Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Corporación Interamericana de Entretenimiento, S.A. de C.V. 2Q2005

  2. As a precautionary note to investors, except for the historic information here provided, statements included in this document constitute forward-looking statements. Such statements assume risks and uncertainties, including the economic conditions in Mexico and other countries where CIE operates, as well as the fluctuation of the Mexican peso compared to the U.S. dollar. The use of registered trademarks or commercial trademarks within this document are exclusively for illustrative purposes and are not meant to violate the rights of the creators and/or intellectual property laws applicable in the countries in which CIE, its subsidiaries, and those companies with which CIE maintains commercial or business relationships, operate.

  3. Key Financial Indicators Pro forma * 2Q04 2Q05 % Chg 2Q05 % Chg 6M04 6M05 % Chg 2,015 456 22.6% 109 4.2x 669 4,752 10,370 15,122 5,092 7,670 7,452 0.7x 2,203 485 22.0% 174 2.8x 2,805 8,220 10,346 18,566 7,368 10,119 8,447 0.9x 9.3% 6.4% (60 pb) 60.3% (1.4x) 319.5% 73.0% (0.2%) 22.8% 44.7% 31.9% 13.3% 0.2x 689 6,104 10,346 16,450 5,213 7,964 8,447 0.6x 3.0% 27.6% (0.2%) 8.8% 2.4% 3.8% 13.3% (0.1x) 3,694 832 22.5% 219 3.8x 4,033 884 21.9% 326 2.7x 9.2% 6.3% (60 pb) 49.2% (1.1x) Revenue EBITDA EBITDA Margin Interests paid, net EBITDA / Interests paid, net Cash Current Assets L.T. Assets & Other Assets Total Assets Debt Total Liabilities Stockholders´Equity Debt / Stockholders´Equity Note: All of the figures listed in this section are expressed in millions of Mexican pesos as of June 2005, with the exception of the financial ratios and percent changes. The figures, financial ratios and percent changes may vary due to rounding * For the 10-year Bond for US$200 millon, issued on June 14, 2005

  4. Mexico: Event promotion Theater Productions Operation of Venues Artistic Agency Food, Beverages and Souvenirs Ticketing (Ticketmaster) Special and Corporate Events Promotion of events and theater productions in: Arg., Brasil, Chile, Mexico and USA Event Sponsorships Operation venue Artistic Agency Special and Corporate Events Sports Books & Yaks Horse Racetrack Centro Banamex Granja Las Américas Amusement Parks in Colombia, USA and Mexico Buenos Aires Zoo Media Innovations CIE ENTERTAINMENT ENTERTAINMENT Sports Books & Yaks Horse Racetrack Centro Banamex Granja Las Américas CIE LAS AMERICAS Sponsorship of events ouside of Mexico Signage Pedestrain Overpasses Cineminutos Media Innovations Rotational Advertising Naming Rights Tele-services Event Sponsorships Naming Rights Pedestrian Overpasses Signage Cineminutos Rotating Advertising Food, Beverages and Souvenirs Trade Fairs and Exhibitions Radio Stations in Argentina CIE COMMERCIAL COMMERCIAL 8 Parks in Mexico 2 Parks in Bogota Wannado City in Miami CIE AUSEMENT PARKS Ticketing (Ticketmaster) in Arg., Brazil and Mexico Tele-services Promotion and Sponsorship of events and theatrical productions: Argentina and Brazil Buenos Aires Zoo Radio Stations in Argentina Latin Event Promotion in USA SERVICES CIE INTERNATIONAL Strategic Business Units REVENUE 2Q05 = Ps.2,203 MM EBITDA 2Q05= Ps.485 MM

  5. CIE Entertainment REVENUE EBITDA Revenue 2Q05 (12%) (30%) +1% EBITDA 2Q05 (25%) OPERATIVE CASH FLOW* 8.7% 6.5% 10.1% 8.0% EBITDA Margin 2Q04 2Q05 % Chg 6M04 6M05 % Chg (36%) # of presentations: Concerts Theater Other Total Attendance: Total (thousands) Ticketmaster: Tickets (thousands) 179 556 201 936 1,221 3,115 150 425 173 748 1,267 3,960 (16%) (24%) (4%) (20%) +4% +27% 267 1,016 336 1,619 1,969 6,653 137 878 311 1,426 2,090 7,461 (49%) (14%) (7%) (12%) +6% +12% (27%) Ps.15 Ps.12 Ps.29 Ps.25 Capex * Note: EBITDA - Capex

  6. CIE Las Américas REVENUE EBITDA Revenue 2Q05 +12% (9%) +21% +22% EBITDA 2Q05 34.4% 34.2% 36.7% 29.9% OPERATIVE CASH FLOW* EBITDA Margin 2Q04 2Q05 % Chg 6M04 6M05 % Chg Horse Racetrack: Racing Days Races Centro Banamex: Events Books/ Yaks: Per capita (Ps.) Attendance (millions) Units in Operation Granja: Attendance (thousands) 38 378 208 566.61 1.7 28 N.A 39 426 216 566.90 1.9 33 152 3% 13% 4% N.A. 7% 18% N.A. 73 727 413 597.88 3.3 28 N.A. 64 699 356 579.11 3.7 33 278 (12%) (4%) (14%) (3%) 13% +18% N.A. (31%) +306% Ps.141 Ps.123 Ps.179 Ps.197 Capex * Note: EBITDA - Capex

  7. CIE Commercial REVENUE EBITDA Revenue 2Q05 +52% +62% +14% +9% EBITDA 2Q05 32.2% 30.9% 30.8% 32.7% OPERATIVE CASH FLOW* +79% EBITDA Margin Jun ‘04 Jun ‘05 % Chg +24% Pedestrian Overpasses: Structures Advertisements Advertisments in Cinemas: Screens 178 654 1,356 197 732 1,502 +11% +12% +11% Ps.30 Ps.11 Ps.30 Ps.14 Capex * Note: EBITDA - Capex

  8. CIE International REVENUE EBITDA Revenue 2Q05 (10%) (17%) (7%) +2% EBITDA 2Q05 17.3% 19.1% 17.4% 18.9% OPERATIVE CASH FLOW* +1% 2Q04 2Q05 % Chg 6M04 6M05 % Chg EBITDA Margin Argentina # of presentations Attendance (thous) Tickets TM (thous) Visitors Zoo Brazil # of presentations Attendance (thous) Tickets TM (thous) Spain # of presentations Attendance (thous) +67% 50 236 611 171 154 200 564 269 228 68 132 488 165 183 316 721 N.A. N.A. +36% (44%) (20%) (4%) +19% +58% +28% N.A. N.A. 122 346 1,178 470 260 472 1,865 560 474 69 136 1,029 468 258 462 1,198 N.A. N.A. (43%) (61%) (13%) (1%) (1%) (2%) (36%) N.A. N.A. Ps.23 Ps.4 Ps.23 Ps.11 Capex * Note: EBITDA - Capex

  9. CIE Amusement Parks REVENUE EBITDA Revenue 2Q05 +33% +23% (48%) (40%) EBITDA 2Q05 17.2% 8.4% 16.8% 6.6% OPERATIVE CASH FLOW* EBITDA Margin -6 2Q04 2Q05 6M04 6M05 -8 (94%) 2Q04 2Q05 % Chg 6M04 6M05 % Chg (94%) Visitors (thousands): Mexico Colombia Wannado Total Per Capita (Ps.): Mexico Colombia Wannado Total 1.5 0.4 N.A. 1.9 67.81 44.31 N.A. 64.67 1.0 0.2 0.1 1.3 83.93 59.46 254.16 96.88 (33%) (46%) N.A. (32%) +24% +34% N.A. +50% (34%) (63%) N.A. (24%) +19% +45% N.A. +48% 3.0 0.6 N.A. 3.6 68.62 47.60 N.A. 65.47 2.0 0.4 0.3 2.7 81.45 69.23 274.67 96.94 -106 -183 Ps.127 Ps.20 Ps.221 Ps.28 Capex * Note: EBITDA - Capex

  10. Noteworthy Events • 10 year Bond for US$200 million; interest rate of 8.875%: Purchase Orders for US$300 millon; more than 50 international investors Moody’s Ba2; S&P B+ • Capital increase for Ps.1,100 millon (100% subscribed), which enabled CIE to acquire 25% de CIE Las Américas from Sinca Inbursa for Ps.990 millon DEBT PROFILE (DEC 2004) CURRENT DEBT PROFILE POST- REFINANCING Figures in millons of USD Figures in millons of USD

  11. Free Time Industry FREE TIME INDUSTRY ENTERTAINMENT Sports Restaurants Hobbies Travel Reading “IN-HOME” ENTERTAINMENT “OUT-OF-HOME” ENTERTAINIMENT Open Television Cable Television Satellite Television Video/ DVD Internet Video games Music/ radio Internet Gambling Movies Video games (Recórcholis, Moy, etc.) Amusement Parks Live Entertainment:- Sports - Theater, concerts/ cultural - Popular/ Palenque - Dances Gambling Family Entertainment Centers: Dave & Busters, Recórcholis, Div. Moy, etc. They compete for people’s time and money

  12. Free Time Industry (cont.) Content In-Home Out-of-Home Advertising Tecnology / Formats

  13. Free Time Industry (cont.) Content In-Home Out-of-Home Tecnology / Formats • Radio - Digital Radio • Television - Tivo, other media • Walkman - iPod • Camara - Digital camara (cellular) • Nintendo - Game Boy (portable)

  14. Investment in Media and Entertainment MEDIA AND ENTERTAINMENTO MEXICO 2004 MEDIA AND ENTERTAINMENT MEXICO 2004 NOT INCLUDING OPEN TV Principal Source: Expansión 500, June 2005 * Complementary Source: CIE Estimates

  15. CIE Entertainment • Growth in 2005 will come from the promotion of a strong “live events” calendar: Emphasis on International Events Live Automobile Racing Events (p.e. Nascar Series) “Cirque du Soleil” “Disney on Ice” outside of Mexico City • In addition, CIE Entertainment expects there to be a significant increase in the sale of advertising sponsorships • Some upcoming events that will be presented in Mexico during the second half of 2005 include: • Avril Lavigne • Jaguares • Keane • Judas Priest • Scorpions • Garbage • Mobie • Apocalyptica • Botellita de Jeréz • Queensryche • Paul McCartney • Sarah Brightman • Peter Gabriel • Phil Collins • RBD • La Academia IV • Enrique Bunbury • Bacilos • Besame Mucho • Los Monólogos de la Vagina • Violinista en el Tejado • Defendiendo al Cavernícola • Cats • Buscando a Nemo • Cirque du Soleil • Feria del Futból

  16. CIE Commercial • Media Innovations: Increase in the development of application technologies geared towards clients’ promotional campaigns. New promotional and informational formats through the use of new interactive and effective strategies • Pedestrain Overpasses: Consolidation in Guadalajara, Cuernavaca and Aguascalientes; operations in Puebla started Renovation of existing concessions to be exploited over the long-term (10 years) • Digital Advertising in Airports: Implementation of digital panels in the 13 airports operated by Grupo Aeroportuario Centro Norte Business proposal to airport operators in Mexico (approx. 24 airports)

  17. CIE Las Américas • IGT is a world leader in the development, design, production, distribution and sale of computerized gaming terminals • Publicly-listed company on the NYSE (Ticker: IGT) • Market Cap of US$10 billion • Annual sales of US$2,500 millon • CIE signed a contract with IGT to provide terminals for the launch of electronic number-based games. • Terminals: • Centralized technology platforms to conduct multiple numbers-based games at the same time • Participants play simultaneously with other players who are connected to a centrally operated computer

  18. CIE International • Brazil: • Continue to increase the number of local events and regional tours in the country • Expansion of proprietary advertising channels • Digital Information Systems • State-of-the-art Digital Content • Local, small-scale theatrical productions and Broadway-style productions • Argentina: Gradual increase in revenues from live events and the Zoo due to improvements in the Argentine economy Radios stations strategy continues to be redefined

  19. CIE International TALENT SCHEDULED FOR AUGUST-DECEMBER 2005 • Judas Priest • Dream Factory • Donna Summer • Chiclete com Banana • Momix • Seicho no Ie • Átomo • Marcelo D2 • Ajom • Fagner • Roberto Carlos • Kid Abelha • Zeze di Camargo e Luciano • Rock and Run • Megadeath • Stillus • Tony Bennett • Hammstein • Maria Bethánia • Ivete Sangalo • Jota Quest • Donna Summer • Dream Factory • Seal • Diávolo • Albert Einstein • Buddy Guy • Bruno e Marrone • Dream Theater • Pao de Acucar • Xuxa • Sol da Meia Noite • Caboré • Projecto Acordes • Liberdade para As Borboletas • Leo Maia • After Forever • Forte Real • Tres Homens Baixos • Engenheiros do Hawaii • Emílio Santiago • Adriana Partimpim • Pedro Mariano • Nando Reis • Los Hermanos • Beto Guedes • Luciana Mello • Roupa Nova • Gabriel o Pensador Toquinho • Jorge Vercilo • Caetano Veloso • La Renga • Monster of Rock • Avril Lavigne • Splipknot • Festival Rock & Pop • Ataque 77 • Los Cafres • Las Pelotas • Catupecu Machu • Divididos • Bersuit • Rata Blanca • Árbol • Aladin • La Revista • Unipersonal de Posca • Festival Música Electrónica

  20. CIE Amusement Parks • Wannado Entertainment: Continue refining operations, costs and expenses Introduction of multi-passes and promotions for Florida residents New pavillion: Coca-Cola bottling plant New Sponsor: Motorola Montly attendance is up, from 18,000 in August 2004 to 40,000 in June 2005 • Other points regarding Wannado: Analyze the possibility of expanding Wannado to other cities in the US, specifically NY Expansion of the strategy to offer sponsorship packages to Mexican clients (p.e. Mexicana de Aviacion)

More Related