Rizzoli Corriere della Sera Mediagrp : Q1 2016 – Preliminary Results Presentation

Diapositiva 1

RCS MediaGroup

Q1 2016 - Preliminary Results

Q1 2016 - Preliminary Results

Euro Million

Circulation	Q 1 2 0 1 6 94.7	Q 1 2 0 1 5 107.1	∆ % (11.5%)
Advertising	97.4	96.3	1.1%
Other	27.7	26.0	6.7%
TOTAL REVENUE	219.8	229.4	(4 .2 %)
EBITDA ex Non Recurring Items	(3.4)	(15.5)	78 .1 %
Non Recurring Items	(0.3)	(0.7)	57.1%
EBITDA	(3.7)	(16.2)	77 .2 %
NFP	(509)	(508)
NFP Pro forma*	(411)

*considering the effects of the sale of the Books division on 14 April 2016

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2014-2016 EBITDA Evolution by Quarter

Euro Million

Q1

Q2

Q3

Q4

FY

2014 2015 2016 2014 2015 2014 2015 2014 2015 2014 2015 2016E

n.s. n.s. n.s.

4.0% 8.2% 1.4% 3.2% 17.9%

18.4%

5.7%

7.0% 10.0%

Full year improvement +28.2

100.0

52.553.1

60.7

71.8

>40% of full year improvement

25.2

27.2

+12.1

3.4

7.0

-3.4

-20.4

-15.5

3 EBITDA ex Non Recurring Items

Q1 2016 - Main Plan actions

1. Costs efficiencies: all the initiatives and efficiencies set out in the Plan have been implemented, while further planned optimisations will enable the company to exceed the annual target of EUR 40/45 million net efficiency gains.

2. Launch of metered Paywall on Corriere della Sera

3. New organizational set-up: aligned with strategy and simplified through elimination/ rationalization of some business areas and through integration of Italy & Spain

4. Printingfacilities saturation: agreement signed with other newspaper (Il Manifesto), other opportunities under evaluation

5. Gazzetta TV: closure of DTT channel and new editorial TV project on web
6. Veo TV: new lease contract signed (ongoing approval process) that might facilitate asset disposal
7. Gazzetta Gold: launch of new app in April
8. GazzaNet: launch and continuous expansion of the affiliates' network

9. RCS Sport: expansion of running mass events "catalogue"

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