LAMBRAKIS PRESS GROUP

Transcription

1 LAMBRAKIS PRESS GROUP The leading media group in Greece Established in

2 LAMBRAKIS PRESS GROUP Group milestones Journalist Dimitrios Ch. Lambrakis launches the newspaper TO VIMA and in 1931 launches the daily newspaper TA NEA Lambrakis Press enters into magazine publishing Lambrakis Press commences its international partnerships launching Marie Claire followed by Cosmopolitan and National Geographic magazines Mega TV channel is founded with Lambrakis Press as co-founder Lambrakis Press shares are listed on the Athens Stock Exchange Lambrakis Press enters into the internet sector launching the portal 2

3 LAMBRAKIS PRESS GROUP Publishing The largest publisher of newspapers and magazines 2,636,000 readers nationwide. Printing The largest vertically integrated industrial printing facility Digital pre-press infrastructure Electronic media TV station, internet portals Media-related participations Press distribution, book publishing, bookstores Other activities Travel agencies, CRM and call centers, TV production studios 3

4 LAMBRAKIS PRESS GROUP The Group in figures 3 daily newspapers 3 weekend editions 23 magazines 84 years of journalism 2,350 employees 11,800 points of sale 2,636,000 readers * 277,000,000 euros in annual consolidated sales 312,000,000 euros in consolidated assets (*) Readership figure excludes duplicate readers across all publications 4

5 LAMBRAKIS PRESS GROUP Integrated presence in all media production layers Content Content creation for newspapers and magazines Internet content Production Pre-press Printing, post printing Internet hardware infrastructure Distribution Press distribution Internet portals Added value media-related business TV studio, call centers, CRM, bookstores, book publishing 5

6 LAMBRAKIS PRESS GROUP The Group s media scope Daily newspapers Television Variety and lifestyle magazines Weekend newspaper editions Scientific and special interest magazines Classified ad newspapers Internet news portal Weekend supplement magazines 6

7 LAMBRAKIS PRESS GROUP Profile The largest and most influential publisher in the newspaper and magazine market The most extensive content production in Greece Excellent brand name recognition and brand loyalty Unique product mix in publishing titles and publishing sector services Successful long-term international partnerships The largest vertically integrated publishing and printing group in Greece Significant investments in publishing and printing high-end technology High degree of digital technology absorption and know-how 7

8 LAMBRAKIS PRESS GROUP Objectives Maintain top position in the Greek newspaper and magazine market Explore future strategic publishing opportunities beyond Greece Diversify strong publishing profile to increase market shares Exploit accrued know-how in digital media Capitalize on the recent strategic restructuring of the Group and extend vertical integration to increase margins Improve the return on invested capital Create value for the shareholders 8

9 Publishing sector Newspapers TVGuide TV magazine VIMAgazino Variety magazine TO VIMA TIS KYRIAKIS Sunday newspaper The leading Sunday newspaper Gourmet Monthly gourmet magazine Vmen Monthly men s magazine VIMADonna Monthly women s magazine TO VIMA Morning daily newspaper Books Ad-ons 9

10 Publishing sector Newspapers (cont d) TA NEA Evening daily newspaper Encyclopaedia and real estate supplements The top selling Greek daily TA NEA Weekend edition Books (optional ad-ons) Tachydromos Weekend variety magazine Ntv TV guide 10

11 Publishing sector Newspapers (cont d) Regional and classifieds AGELIOFOROS Local daily in Salonica AGELIOFOROS TIS KYRIAKIS Local Sunday in Salonica Sunday variety supplementary magazine NEES AGELIES Classified ad newspaper (twice weekly) Launched in October

12 LAMBRAKIS PRESS GROUP Variety and lifestyle magazines Cosmopolitan Women s monthly (normal & pocket) Marie Claire Women s monthly TV Zapping Weekly TV Guide Free Variety monthly Diakopes ( Vacations ) Annual travel guide Close Up Monthly variety in Salonica Gamos ( Wedding ) Semi-annual wedding guide 12

13 National Geographic Monthly LAMBRAKIS PRESS GROUP Scientific and special interest magazines To Paidi mou ki Ego ( My Child & I ) Monthly for parents Disney magazines 14 cartoon magazines HiTECH Home electronics monthly RAM Computer monthly RAMkid Computing for kids Monthly Vita Health & fitness monthly DVD Guide Annual guide 13

14 The Greek newspaper market (annual volumes in million copies) 200 Titles Daily papers Lambrakis Press ,7 118,9 105,5 98,6 Total Greek newspaper sales 2006 (financial and sports papers excluded) 50 Others 46% , , , , , Titles Sunday editions Lambrakis Press Lambrakis Press 23% Second largest publisher 18% Third largest publisher 13% 50 44,7 46, ,3 58, , ,9 11, Source: Daily Athens Newspapers Publishers Association Excluding sports and financials. 10,8 14

15 Nominal attracted ad spending (in million, 2006) Publishing sector Newspapers million Lambrakis Press 38 Total newspapers % 12% Others 14% 62% Magazines million Lambrakis Press 91 Total magazines rd largest publisher 2 nd largest publisher 13% 13% 14% Others 60% Total publications million Lambrakis Press 129 Total publications rd largest publisher 9% 12% Others 15% 65% 2 nd largest publisher (*) The magazine sector includes magazines supplementing newspapers Source: Media Services SA 15

16 Printing sector Vertically integrated industrial printing facility Digital pre-press MULTIMEDIA S.A. Digital pre-press printing inserting binding IRIS PRINTING S.Α. (50% owned) Commercial web presses for newspapers and magazines Cut sheet presses Computer-to-plate (CTP) technology NORTHERN GREECE PUBLISHING S.A. (33.3% owned) Commercial web presses for newspapers and magazines 16

17 Printing sector The prominent industrial printing installation Newspaper web presses and magazine web offset presses (Koropi, Attica) (fully commissioned in late 2002) Vertical magazine printing plant (Tsefliki, Viotia) Commercial web offset presses for magazines (Tsefliki, Viotia) Vertical pre-press and printing plant in Northern Greece (Philippos affiliate plant, Kilkis) IRIS activities cover: Commercial and semi-commercial web and sheet-fed printing (newspapers, magazines, books, leaflets, promotional material) Binding, inserting, finishing and film wrapping Paper handling and logistics (The largest printing paper importer in Greece) 17

18 Printing sector Industrial printing facilities and infrastructure «Koropi» plant Newspaper and magazine web printing plant The largest, fully integrated industrial printing facility in Greece Installed capacity: Six (3 twin) newspaper web presses with total capacity of 180,000 newspapers per hour One 4-color 32-page high speed web press with a capacity of 55, page copies per hour Vertically integrated installations for automated paging, binding, finishing and mailroom functions Installed CTP technology for newspaper printing 18

19 Printing sector «Tsefliki» plant Industrial printing facilities and infrastructure Magazine web presses, inserting and binding units Installed capacity: 264, page copies per hour 16-page and 32-page offset web presses Cut-sheet offset presses Automated folding, binding and packaging installations Paper warehousing 19

20 Distribution ARGOS Press Distribution Agency S.A. (38,7% owned) The largest press distribution infrastructure in Greece Co-founded by Lambrakis Press in 1999 ARGOS distributes: Over 2,000 active titles (newspapers and magazines) From 350 publishers To 11,800 points of sale all over Greece 20

21 Tourism sector EUROSTAR S.A. (Travel Plan brand) The leading name in travel agencies in Greece Outbound tourism Incentive tours (servicing the top corporate clients in Greece) Business trips (more than 8,000 trips organized annually) Individual Travel (over 15,000 customized travel packages) Ticketing Inbound tourism Customized programs Leisure tours 21

22 Internet sector Today LP holds the single most important presence in the Greek Internet Space (excluding ISP) Internet Media and Internet Services The top Greek internet destination >90 % reach of the Greek Internet Population More than 2,000,000 unique visitors per month, 230,000 daily (growth 20% p.a.) Services: News, search, mail, financial, premium paid services, video. Enhanced websites of newspapers to be launched shortly Full content of printed editions available on on-line Subscription-based access to 10-year historical archives of newspapers (June 2007) Blogs και forums Development of new digital services with improved functionality (early 2008) 22

23 Internet sector Internet Media and Internet Services Portals: pathfinder.gr (50% owned by Lambrakis Press), >685,000 unique visitors/per month health.in.gr (45% owned by Lambrakis Press), >100,000 u.v./mo Classifieds and travel info. E-commerce shop21.gr: The on-line store for CD/DVDs, books, electronics etc. Sales to Greece and abroad Digitization and Cataloging Very high level of specialized know-how in digitization and cataloging projects Partner in various large scale digitization projects involving sensitive high-value data Digitization and cataloging of Lambrakis Press historical archives from 1922 onwards. Own infrastructure In-house developed and maintained content, services and e-commerce platforms Software development and applications in new technologies Considered as one of the top specialized software house in Greece 23

24 Participations sector Free-to-air television, TV production Book publishing, press distribution Mega channel - The leading TV station TELETYPOS S.A. TV production studio STUDIO ATA S.A. The largest press distribution agency in Greece ΑRGΟS S.A.- Distribution to 11,800 points of sale all over Greece Book publishing and selling ELLINIKA GRAMMATA S.A. Paper packaging PAPERPACK I.TSOUKARIDIS S.A. Other investments Bookstore chain in Greece PAPASOTIRIOU S.A. - The largest scientific bookstore chain - 17 retail outlets Direct marketing, CRM, field sales, telesales ACTION PLAN S.A. Human resource management ACTION PLAN HR S.A. 24

25 Recent developments Holding in TILETIPOS SA increased to 22% (stock bought through the Athens Stock Exchange in early 2006) Holding in IRIS Printing SA decreased to 50% (20% holding sold to Pegasus Publishing SA, already holding 30% of IRIS Printing) Holding in ELLINIKA GRAMMATA SA increased to 100% (49% bought from minority shareholders) Organizational restructuring implemented in late 2006 (Lambrakis Press employed consulting firm McKinsey & Co for its restructuring project that yielded the new organizational structure and a three-year business development plan) 25

26 Lambrakis Press Group The corporate structure 26

27 New structure Usual structure for media groups internationally Business independence of each unit Faster decision making Flexibility in developing new products Efficient resource allocation Performance measurement 27

28 Consolidated P&L highlights (in million euros, 12-month comparison, IFRS) Turnover EBITDA EAT post minorities ,4 296,3 276, (*) ,1 12,3 19, (*) ,0-1,6-9, (*) (*) In 2006 the company IRIS PRINTING SA was proportionally consolidated on a 50% basis while in the previous years this company was fully consolidated. For a like-for-like comparison this column shows the effect of full consolidation of IRIS PRINTING SA in the 2006 figures. Additionally, 2006 net earnings were negatively effected by a 9.1m euro charge required under IFRS due to the reclassification of the investment in TILETIPOS SA. The last column in the EAT post minorities chart shows the earnings figure before such charge. 28

29 Parent company P&L highlights (in million euros, 12-month comparison, IFRS) Turnover EBITDA EBT pre minorities ,7 140, ,9 0, ,7 5, Note: 2006 EBITDA includes approximately 2 million euros in restructuring costs 29

30 Consolidated P&L highlights (in million euros per sector) Turnover per sector EBITDA per sector , , , , ,5 10 2,8 8 0, , , Publishing Tourism IT & Digital media Printing Participations Publishing Tourism IT & digital media Printing Participations 30

31 LAMBRAKIS PRESS GROUP 31