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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, - PowerPoint PPT Presentation
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Corporación Interamericana de Entretenimiento, S.A. de C.V.
2Q2005
As a precautionary note to investors, except for the historic informationhere provided, statements included in this document constituteforward-looking statements. Such statements assume risks and uncertainties,including the economic conditions in Mexico and other countries where CIEoperates, as well as the fluctuation of the Mexican peso compared to theU.S. dollar.
The use of registered trademarks or commercial trademarks within thisdocument are exclusively for illustrative purposes and are not meant toviolate the rights of the creators and/or intellectual property lawsapplicable in the countries in which CIE, its subsidiaries, and thosecompanies with which CIE maintains commercial or business relationships,operate.
Key Financial Indicators
2Q052Q04
2,203
48522.0%
1742.8x
2,8058,220
10,34618,566
7,36810,119
8,447
0.9x
2,015
45622.6%
1094.2x
6694,752
10,37015,122
5,0927,670
7,452
0.7x
% Chg
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
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
6M04 6M05
3,694
83222.5%
2193.8x
4,033
88421.9
%
3262.7x
% Chg
9.2%
6.3%(60 pb)
49.2%(1.1x)
2Q05
6896,104
10,34616,450
5,2137,964
8,447
0.6x
% Chg
3.0%27.6%(0.2%)
8.8%
2.4%3.8%
13.3%
(0.1x)
Pro forma *
* For the 10-year Bond for US$200 millon, issued on June 14, 2005
Revenue
EBITDAEBITDA Margin
Interests paid, netEBITDA / Interests paid, net
CashCurrent AssetsL.T. Assets & Other AssetsTotal Assets
DebtTotal Liabilities
Stockholders´Equity
Debt / Stockholders´Equity
Las Américas25%Parks
7%
International13%
Commercial28%
Entertainment27%
Las Américas39%
Parks3%
International11%
Commercial39%
Entertainment8%
Strategic Business Units
REVENUE 2Q05 = Ps.2,203 MM
EBITDA 2Q05= Ps.485 MM Event SponsorshipsNaming RightsPedestrian OverpassesSignageCineminutosRotating AdvertisingFood, Beverages and SouvenirsTrade Fairs and ExhibitionsRadio Stations in Argentina
Ticketing (Ticketmaster) in Arg., Brazil and MexicoTele-services
Mexico:
Event promotion
Theater Productions
Operation of Venues
Artistic Agency
Food, Beverages and Souvenirs
Ticketing (Ticketmaster)
Special and Corporate Events
Sports Books & YaksHorse RacetrackCentro BanamexGranja Las Américas
Sponsorship of events ouside of MexicoSignagePedestrain OverpassesCineminutosMedia InnovationsRotational AdvertisingNaming RightsTele-services
8 Parks in Mexico2 Parks in BogotaWannado City in Miami
Promotion and Sponsorship of events and theatrical productions: Argentina and BrazilBuenos Aires Zoo Radio Stations in ArgentinaLatin Event Promotion in USA
Promotion of events and theater productions in: Arg., Brasil, Chile, Mexico and USAEvent SponsorshipsOperation venueArtistic AgencySpecial and Corporate EventsSports Books & YaksHorse RacetrackCentro BanamexGranja Las AméricasAmusement Parks in Colombia, USA and MexicoBuenos Aires ZooMedia Innovations
EN
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L
Entertainment27%
Entertainment8%
57
89
26
36
2Q04 2Q05 6M04 6M05
51
118
83
39
2Q04 2Q05 6M04 6M05
593 597
1,170
1,035
2Q04 2Q05 6M04 6M05
CIE Entertainment
8.7%
* Note: EBITDA - Capex
6.5% 10.1% 8.0%OPERATIVE CASH FLOW*
EBITDA Revenue 2Q05
EBITDA 2Q05
REVENUE
2Q052Q04 % Chg 6M04 6M05 % Chg
# of presentations:Concerts TheaterOtherTotal
Attendance:Total (thousands)
Ticketmaster:Tickets (thousands)Ps.15 Ps.12 Ps.29 Ps.25
(12%)
+1%
(25%)
(30%)
(36%)
(27%)
179556201936
1,221
3,115
150425173748
1,267
3,960
(16%)(24%)
(4%)(20%)
+4%
+27%
2671,016
3361,619
1,969
6,653
137878311
1,426
2,090
7,461
(49%)(14%)
(7%)(12%)
+6%
+12%
EBITDA Margin
Capex
Las Américas25%
103
150
67
17
2Q04 2Q05 6M04 6M05
157
329300
191
2Q04 2Q05 6M04 6M05
1,035
896
557
457
2Q04 2Q05 6M04 6M05 Las Américas39%
CIE Las Américas
34.4% 34.2% 36.7% 29.9%OPERATIVE CASH FLOW*
EBITDAREVENUE Revenue 2Q05
EBITDA 2Q05
2Q052Q04 % Chg 6M04 6M05 % Chg
Horse Racetrack:Racing DaysRaces
Centro Banamex:Events
Books/ Yaks:Per capita (Ps.)Attendance (millions)Units in Operation
Granja:Attendance (thousands)
Ps.141 Ps.123 Ps.179 Ps.197
+22%
+12%
+21%
(9%)
+306%
(31%)38
378
208
566.61
1.728
N.A
39426
216
566.90
1.933
152
3%13%
4%
N.A.7%
18%
N.A.
73727
413
597.88
3.328
N.A.
64699
356
579.11
3.733
278
(12%)(4%)
(14%)
(3%)13%
+18%
N.A.
Capex* Note: EBITDA - Capex
EBITDA Margin
Commercial39%
Commercial28%
370
207178
143
2Q04 2Q05 6M04 6M05
173
237
384
189
2Q04 2Q05 6M04 6M05
1,172
769
613537
2Q04 2Q05 6M04 6M05
CIE Commercial
32.2% 30.9% 30.8% 32.7%
Jun ‘05Jun ‘04 % Chg
Pedestrian Overpasses:StructuresAdvertisements
Advertisments in Cinemas:Screens
+14%
+52%
+9%
+62%
+79%
+24%
Ps.30 Ps.11 Ps.30 Ps.14
178654
1,356
197732
1,502
+11%+12%
+11%
Capex
OPERATIVE CASH FLOW*
EBITDAREVENUE
EBITDA Margin
Revenue 2Q05
EBITDA 2Q05
* Note: EBITDA - Capex
International11%
International13%
8786
49
29
2Q04 2Q05 6M04 6M05
52
109
98
53
2Q04 2Q05 6M04 6M05
518
627
280301
2Q04 2Q05 6M04 6M05
CIE International
17.3% 19.1% 17.4% 18.9%
Argentina# of presentationsAttendance (thous)Tickets TM (thous)Visitors Zoo
Brazil# of presentations Attendance (thous)Tickets TM (thous)
Spain# of presentationsAttendance (thous)
+1%
+67%
+2%
(10%)(17%)
(7%)
Ps.23 Ps.4 Ps.23 Ps.11
50236611171
154200564
269228
68132488165
183316721
N.A.N.A.
122346
1,178470
260472
1,865
560474
69136
1,029468
258462
1,198
N.A.N.A.
+36%(44%)(20%)
(4%)
+19%+58%+28%
N.A.N.A.
(43%)(61%)(13%)
(1%)
(1%)(2%)
(36%)
N.A.N.A.
Capex
OPERATIVE CASH FLOW*
EBITDAREVENUE
EBITDA Margin
Revenue 2Q05
EBITDA 2Q05
2Q052Q04 % Chg 6M04 6M05 % Chg
* Note: EBITDA - Capex
Parks3%
Parks7%
-106
-6
-183
-82Q04 2Q05 6M04 6M05
22
39
20
13
2Q04 2Q05 6M04 6M05
305
230
155127
2Q04 2Q05 6M04 6M05
CIE Amusement Parks
17.2% 8.4% 16.8% 6.6%
Visitors (thousands):MexicoColombiaWannadoTotal
Per Capita (Ps.):MexicoColombia WannadoTotal
+23%
+33%
(40%)
(48%)
(94%)(94%)
Ps.127 Ps.20 Ps.221 Ps.28
1.50.4
N.A.1.9
67.8144.31
N.A.64.67
1.00.20.11.3
83.9359.46254.1
696.88
3.00.6
N.A.3.6
68.6247.60
N.A.65.47
2.00.40.32.7
81.4569.23274.6
796.94
(33%)(46%)
N.A.(32%)
+24%+34%
N.A.+50%
(34%)(63%)
N.A.(24%)
+19%+45%
N.A.+48%
Capex
Revenue 2Q05
EBITDA 2Q05
OPERATIVE CASH FLOW*
EBITDAREVENUE
EBITDA Margin
2Q052Q04 % Chg 6M04 6M05 % Chg
* Note: EBITDA - Capex
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
Noteworthy Events
117
31
223
57
2672
24 26
57
26 5 37
197
45
35
2005 2006 2007 2008 2009 2010 2011
Bank Loans-Pesos Bank Loans-USD UDIs Notes
0
200
110
9
29 31 26
57
26
200
3526
57
2624207
115
3
2005 2006 2007 2008 2009 2010 2011 2015Bank Loans - Pesos Bank Loans - USDUS $200 Million Bond New NotesNotes
Figures in millons of USD Figures in millons of USD
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.
FREE TIME INDUSTRY
TravelReading
Hobbies
They compete for people’s time and money
Restaurants Sports
ENTERTAINMENT
“IN-HOME” ENTERTAINMENT “OUT-OF-HOME” ENTERTAINIMENT
Free Time Industry
Content
Tecnology / Formats
Out-of-HomeIn-Home Advertising
Free Time Industry (cont.)
Content
Tecnology / Formats
In-Home Out-of-Home
Radio - Digital Radio Television - Tivo, other media Walkman - iPod Camara - Digital camara (cellular) Nintendo - Game Boy (portable)
Free Time Industry (cont.)
Drawings21%
Below-the-line27%
Movies (Exhibition)20%
Cable TV 6%
Editorial7%
Radio4%
Entertainment15%
Television41%
Cable TV 4%
Drawings12%
Below-the-line16%
Entertainment9%Radio
2%
Movies (Exhibition)12% Editorial
4%
MEDIA AND ENTERTAINMENT MEXICO 2004 NOT INCLUDING OPEN TV
MEDIA AND ENTERTAINMENTO MEXICO 2004
Principal Source: Expansión 500, June 2005 * Complementary Source: CIE Estimates
Investment in Media and Entertainment
Growth in 2005 will come from the promotion of a strong “live events” calendar:
In addition, CIE Entertainment expects there to be a significant increase in the sale of advertising sponsorships
Emphasis on International EventsLive Automobile Racing Events (p.e. Nascar Series)“Cirque du Soleil”“Disney on Ice” outside of Mexico City
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
CIE Entertainment
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 NorteBusiness proposal to airport operators in Mexico (approx. 24 airports)
CIE Commercial
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 billionAnnual 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
CIE Las Américas
Brazil:
Continue to increase the number of local events and regional tours in the countryExpansion 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
CIE International
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
CIE International
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
TALENT SCHEDULED FOR AUGUST-DECEMBER 2005
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
CIE Amusement Parks
Wannado Entertainment:
Continue refining operations, costs and expensesIntroduction of multi-passes and promotions for Florida residents New pavillion: Coca-Cola bottling plantNew 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)
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