Margin on readers €+3.9m vs 2019. 2021 EBITDA €45.0m vs €42.3m in 2019
2021 net profit €13.6m,
€9.9m1 adjusted for extraordinaries
GROWTH OF DIGITAL
AND DIVERSIFIED
REVENUES
Total digital subscribers 103k > target for 2021
2021 digital revenues +10.1% vs 2019. Digital revenues exClassif. 2021 +18.5% vs 2019
Diversified revenues +6.2%2 vs 2019
DIVESTMENT OF NON-
HIGH CASH FLOW AND A
STRATEGIC ASSETS
DIFFERENTIATED LEVEL
OF DEBT
● Sale of DTT and Content
● Free cash flow €32.5m and
● Value of real estate portfolio
debt (ex leases) almost zero
realised
(€1.7m3)
● FCF yield of 26%4
Note 1: effect of sale of Izen and real estate. Note 2: including event revenues from Newspapers, Gastronomy and Agencies (the last compared with FY2019).
2
Note 3: not including debt for leases of €21m. Note 4: operating cash flow (excluding financial expenses and including payment of compensation and dividends) divided by market capitalisation at close on 17 February.
2022: THE START OF A NEW CHAPTER
2021 RESULTS PRESENTATION
01 SOLID STARTING POSITION, BRANDS STRENGTHENED
Restructuring finalised
After the divestments of Izen, DTT and Veralia all assets within the new scope are strategic
Media Scope report shows reinforced positioning of VOC brands
02 MORE DIGITAL, MORE DIVERSIFIED
Revenues from digital and diversification represent 37%1 of the VOCENTO total
Digital advertising reaches 50%2 of the total
03
04
ACCELERATING TRANSFORMATION
Print-digitalconvergence
Evaluting non-organic opportunities: search for businesses which complete digital diversification
New publishing products (sports)
SHAREHOLDER RETURNS
High levels of operational gearing and cash flow
Board of Directors sets a 40% payout rate as a guide for the coming years
Proposed dividend payment of €5.4m on 2021 results
3
Note 1: including digital revenues and events from Newspapers, Classifieds, Gastronomy and Agencies. Note 2: including e-commerce revenues.
ACHIEVE
MENTS
20
21
4
2021 RESULTS PRESENTATION
MEETING THE TARGET OF REPEATING 2019 EBITDA
VOCENTO EBITDA, 2021
var. 2021 vs 2019 €m starting from 2019 EBITDA
Other
businesses
New businesses
Press online + offline : €+3.6m
€-2.0m
€+1.1m
3.9
(23.6)
18.2
(2.5)
(1.1)
(0.9)
0.8
0.0
45.0
0.3
42.3
7.7
21.7
v
v
v
EBITDA
Margin
Offline
Online
Sales costs,
Print & Audiov. Classif.1
Gastro1 Agencies1 Corp.1
EBITDA
EBITDA
2019
on
Ad
Ad
personnel,
distrib.2
2021
2020
readers
others1
5
Note: figures rounded to the nearest hundred thousand euro. Note 1: total effect of €-7.3m for compensation in 2019. Note 2: mainly Printing and Distribution businesses.
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Vocento SA published this content on 28 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2022 17:19:26 UTC.
Vocento SA is a Spain-based company engaged in the multimedia industry. The Company publishes, distributes and sells unit publications, periodic and non-periodic, about general information, culture, sports, arts and other related topics. It operates through four segments: Print Media, which provides printing and distribution services; Audiovisual, which is responsible for the broadcasting of television channels in the Spanish Digital Terrestrial Television (DTT) and one radio station, as well as the operation of five audiovisual production entities BocaBoca Producciones, Europroducciones, Hill Valley, Videomedia and Tripictures; Internet, which hosts with the coverage of news and events, as well as specific applications for smartphones and tablet computers; and Other Businesses, which is active in the printing, distribution and free press sectors. It operates through Foro de Debate.
VOCENTO, S.A. 
