The document summarizes Axel Springer's annual results for 2011. It highlights that EBITDA reached an all-time high of €593 million, while revenues crossed €3 billion for the first time. Management will propose a record dividend of €1.70 per share. The digital media business saw revenues increase 35.2% year-over-year to account for over 30% of total revenues. Axel Springer also executed its digital strategy through acquisitions and organic expansion, and established a strategic partnership to consolidate its online classifieds business.
Axel Springer´s Internet Strategy: Presentation by Dr. Jens Müffelmann, Head of Electronic Media of Axel Springer at the NOAH 2012 Conference in London, Old Billingsgate on the 7th of November 2012.
Digital Disruption – Using the power of multichannel - Workshop by Arne Bergmann, Managing Director Marketing & Sales of Axel Springer at the NOAH 2015 Conference in Berlin, Tempodrom on the 9th of June 2015.
Developing a digital portfolio through acquisitions and entrepreneurial ventu...CatchTalk.TV
Full video here: http://www.catchtalk.tv/events/digitalmediastrategies?video=developing-a-digital-portfolio-through-acquisitions-and-entrepreneurial-ventures-ulrich-schmitz-cto-axel-springer
Picking investments which compliment and boost your core business. Discovering effective new business models in third party ventures. Fostering innovation and entrepreneurship within the business. When to integrate, when to keep seperate and when to sell on.
RTB growth perspectives in CEE 2010-2016Guntis Stirna
Extract of market overviews and forecasts 2011-2013 on the development of digital > display > programmatic buying World Wide > Western Europe > Central & Eastern Europe > Baltics
Digital Marketing for Finance Industry in Central and Eastern EuropeMarta Klepka
What are the main digital marketing trends that are coming to Central and Eastern Europe? Why internet marketing is a chance for the financial sector, is it different to others in terms of digital opportunities?
Find out more in this presentation and Q&A with Marta Klepka, Digital Director of Publicis Groupe agencies in CEE http://emea.blog.performics.com/2014/07/03/digital-trends-insights-cee-region-qa-marta-klepka/
NOAH Newsletter - Edition: November 2015 NOAH Advisors
The NOAH Newsletter is a bi-monthly publication with a dedicated focus on European Internet companies. Here is an overview of this month’s issue:
- Current state of the web: traffic benchmarking of the largest B2C sectors
- Latest sector valuations and operational KPIs
- The most significant transactions in recent years
- A year in review for the NOAH Conference, featuring highlights from our 2015 events in Berlin & London
Save the dates for NOAH 2016 – make sure to mark these dates in your calendar today:
8-9 June 2016: NOAH Berlin at Tempodrom
10-11 November 2016: NOAH London at Old Billingsgate
The 2016 EMEA Benchmarks Report provides brands and agencies with key insights into the complex world of converging TV and digital video. Whilst broadcast TV continued to command the lion’s share of media spend in all European markets, digital video investments
were at an all-time high.
Axel Springer´s Internet Strategy: Presentation by Dr. Jens Müffelmann, Head of Electronic Media of Axel Springer at the NOAH 2012 Conference in London, Old Billingsgate on the 7th of November 2012.
Digital Disruption – Using the power of multichannel - Workshop by Arne Bergmann, Managing Director Marketing & Sales of Axel Springer at the NOAH 2015 Conference in Berlin, Tempodrom on the 9th of June 2015.
Developing a digital portfolio through acquisitions and entrepreneurial ventu...CatchTalk.TV
Full video here: http://www.catchtalk.tv/events/digitalmediastrategies?video=developing-a-digital-portfolio-through-acquisitions-and-entrepreneurial-ventures-ulrich-schmitz-cto-axel-springer
Picking investments which compliment and boost your core business. Discovering effective new business models in third party ventures. Fostering innovation and entrepreneurship within the business. When to integrate, when to keep seperate and when to sell on.
RTB growth perspectives in CEE 2010-2016Guntis Stirna
Extract of market overviews and forecasts 2011-2013 on the development of digital > display > programmatic buying World Wide > Western Europe > Central & Eastern Europe > Baltics
Digital Marketing for Finance Industry in Central and Eastern EuropeMarta Klepka
What are the main digital marketing trends that are coming to Central and Eastern Europe? Why internet marketing is a chance for the financial sector, is it different to others in terms of digital opportunities?
Find out more in this presentation and Q&A with Marta Klepka, Digital Director of Publicis Groupe agencies in CEE http://emea.blog.performics.com/2014/07/03/digital-trends-insights-cee-region-qa-marta-klepka/
NOAH Newsletter - Edition: November 2015 NOAH Advisors
The NOAH Newsletter is a bi-monthly publication with a dedicated focus on European Internet companies. Here is an overview of this month’s issue:
- Current state of the web: traffic benchmarking of the largest B2C sectors
- Latest sector valuations and operational KPIs
- The most significant transactions in recent years
- A year in review for the NOAH Conference, featuring highlights from our 2015 events in Berlin & London
Save the dates for NOAH 2016 – make sure to mark these dates in your calendar today:
8-9 June 2016: NOAH Berlin at Tempodrom
10-11 November 2016: NOAH London at Old Billingsgate
The 2016 EMEA Benchmarks Report provides brands and agencies with key insights into the complex world of converging TV and digital video. Whilst broadcast TV continued to command the lion’s share of media spend in all European markets, digital video investments
were at an all-time high.
The Value of Advertising is the first-ever EU-wide report to isolate the economic and social contribution of advertising highlights its ability to drive economic growth across the EU.
It was carried out independent by Deloitte and commissioned by a broad EU advertising industry coalition led by the World Federation of Advertisers and with the participation of IAB Europe.
The strong position of some online platforms like Google, Amazon, Facebook and Apple (GAFA) has triggered a public debate about their economic dominance, notorious data collection and massive pull on users. The White Book published by the German Federal Ministry for Economic Affairs and Energy (BMWi) highlights just how important this matter is to policy makers in Germany.
Surprisingly, the public debate is more often than not void of scientific insights into the subject matter. There is a lack of evidence about the actual economic and societal impact of online platforms. Even a consistent and clear definition of online platforms is missing from the debate.
A proper analysis of online platforms and their impact is needed to correctly identify if there is any call to action for policy makers or regulators.
The present research brief provides an overview of the economic and societal impact of online platforms in Germany. It adheres to the economic definition of platforms as multi-sided markets. Consequently, the technological concept of platforms is not considered here.
Based on a comprehensive review of the economic literature, we develop a new approach that enables consistent analysis of online platform business models, taking full account of their complexity. Nonetheless, our approach is intuitive and easy to understand, making comparison of various online platforms straightforward.
To achieve this, our approach draws on the concept of business model analysis put forward by Osterwalder and Pigneur (2010). It captures the most relevant interactions between the various user groups of online platforms, referring to data, revenue and attention. The results of this analysis informed the Green and White Books published by the BMWi on online platforms.
IAB Europe European Video Ad Format Landscape InfographicIAB Europe
IAB Europe conducted the Video Ad Formats survey amongst approximately 700 stakeholders including publishers, agencies and advertisers across all European markets during Q1 2017. The results provide insight into the video ad formats landscape across Europe including the current usage, trends and technological specifications.
You\'ll learn the assets of France and the Paris Region in Open Source and the way the Paris Region Development Agency can help you for free develop your business locally.
The Value of Advertising is the first-ever EU-wide report to isolate the economic and social contribution of advertising highlights its ability to drive economic growth across the EU.
It was carried out independent by Deloitte and commissioned by a broad EU advertising industry coalition led by the World Federation of Advertisers and with the participation of IAB Europe.
The strong position of some online platforms like Google, Amazon, Facebook and Apple (GAFA) has triggered a public debate about their economic dominance, notorious data collection and massive pull on users. The White Book published by the German Federal Ministry for Economic Affairs and Energy (BMWi) highlights just how important this matter is to policy makers in Germany.
Surprisingly, the public debate is more often than not void of scientific insights into the subject matter. There is a lack of evidence about the actual economic and societal impact of online platforms. Even a consistent and clear definition of online platforms is missing from the debate.
A proper analysis of online platforms and their impact is needed to correctly identify if there is any call to action for policy makers or regulators.
The present research brief provides an overview of the economic and societal impact of online platforms in Germany. It adheres to the economic definition of platforms as multi-sided markets. Consequently, the technological concept of platforms is not considered here.
Based on a comprehensive review of the economic literature, we develop a new approach that enables consistent analysis of online platform business models, taking full account of their complexity. Nonetheless, our approach is intuitive and easy to understand, making comparison of various online platforms straightforward.
To achieve this, our approach draws on the concept of business model analysis put forward by Osterwalder and Pigneur (2010). It captures the most relevant interactions between the various user groups of online platforms, referring to data, revenue and attention. The results of this analysis informed the Green and White Books published by the BMWi on online platforms.
IAB Europe European Video Ad Format Landscape InfographicIAB Europe
IAB Europe conducted the Video Ad Formats survey amongst approximately 700 stakeholders including publishers, agencies and advertisers across all European markets during Q1 2017. The results provide insight into the video ad formats landscape across Europe including the current usage, trends and technological specifications.
You\'ll learn the assets of France and the Paris Region in Open Source and the way the Paris Region Development Agency can help you for free develop your business locally.
Axel Springer´s Internet Strategy: Presentation by Dr. Jens Müffelmann, Head of Electronic Media of Axel Springer at the NOAH 2012 Conference in London, Old Billingsgate on the 7th of November 2012.
Print Power Italy commissioned Lorien Consulting to carry out research on the Italian market, on stakeholders and influencers, investors, companies and media centers with the goal of mapping the perception and effectiveness of different media, identifying criteria and reasons for communication and marketing planning choices which underline the values linked to printed media.
The presentation intends to give an overwiew on Mobile marketing Ecosystem and its two main areas Mobile Marketing and Mobile Advertising. A variety of possible Tools is presented along real-life case studies from Europe.
Mobile / Mobile Apps - Presentation by Philipp Kandal, Founder of Skobbler at the NOAH 2012 Conference in San Francisco, Four Seasons Hotel on the 26th of June. www.noah-conference.com
Digital Services - Presentation by Friedrich Schwandt, Founder & CEO of Statista at the NOAH 2015 Conference in London, Old Billingsgate on the 12th of November 2015.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
2. Disclaimer
This document, which has been issued by Axel Springer Aktiengesellschaft (the "Company"), comprises the
written materials/slides for a presentation of the management.
Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate
and that the opinions and expectations contained herein are fair and reasonable no representation or warranty,
express or implied, is given by or on behalf of the Company, any of its directors, or any other person as to the
accuracy or completeness of the information or opinions contained in this document and no liability is accepted
for any such information or opinions.
This document contains forward looking statements which involves risks and uncertainties. These forward
looking statements speak only as of the date of this document and are based on numerous assumptions which
may or may not prove to be correct. The actual performance and results of the business of the Company could
differ materially from the performance and results discussed in this document.
The Company undertakes no obligation to publicly update or revise any forward looking statements or other
information contained herein whether as a result of new information, future events or otherwise.
This document does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of
any offer to purchase or subscribe for, any shares in the Company, nor shall it or any part of it nor the fact of its
distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation
thereto.
2
3. Highlights of another record year
1. EBITDA at all-time high of €593m, EBITDA margin 18.6%
2. Revenues cross €3bn mark for the first time ever (+10.1%)
3. Management to propose record dividend of €1.70
4. German print business: EBITDA margins of more than 20%
5. Digital Media: revenues +35.2% yoy (organic growth of +20.6%)
6. Digital Media: first time ever > 30% of total Group revenues
7. Share of international revenues rises to 32.9%
3
4. Digital strategy along core competencies
Core Competencies
Content portals
Audience Advertisers
Classifieds / Marketplaces
Performance marketing
4
5. Execution of digital strategy: Add-on acquisitions
as well as organic expansion
Acquisition in 8/11 - Secures No. 1 market position in
combination with sofeminin.co.uk
Content Classifieds /
portals Marketplaces Launch in 07/11 – as satellite of BILD.de
Acquisition in 6/11 - Minority stake in leading South-East
Asian real estate portal
Acquisition in 10/11 - A-Gites (holiday home rentals)
Classifieds/ Classifieds / Acquisition in 9/11 - No. 2 position in French car
Marketplaces Marketplaces classifieds market
Acquisition in 12/11 - Majority interest in Visual Meta
(platforms for online stores)
Acquisition in 6/11 - Secures No. 1 market position in
combination with existing zanox business in Benelux; plus
Performance Classifieds / expansion in Turkey, Poland, Switzerland and Brasil
marketing Marketplaces Acquisition of kaufDA in 03/11 – expansion in France
under “bonial“-brand
5
6. Advertising revenues 2011: Digital higher than
German print for first time
Advertising revenues in €m Advertising revenues in % of group revenues
+ €454m
- €45m
900
800
26%
791 25%
700 23%
688 679
600 643
500 559 20%
19%
400
300 337 13%
200
100
0
2009 2010 2011 2009 2010 2011
Newspapers/Magazines National Digital Newspapers/Magazines National Digital
6
7. Axel Springer with highest reach among
Europe’s top media companies
European media peers (in m unique visitors)
1. Axel Springer AG 63.7
2. BBC Sites 34.8
3. Schibsted 33.4
4. Hubert Burda Media 32.1
5. ProSiebenSat1 Sites 26.9
6. RTL Group Sites 26.4
7. Gruner+Jahr Sites 23.4
8. Groupe Lagardere 21.8
9. Vivendi 17.2
10. Holtzbrinck 13.0
Source: comScore top 100 properties, December 2011
7
8. Successful transition to digital
Axel Springer in 2004 Axel Springer in 2011 Our Vision
Digital Digital1) Europe’s
2% 31% leading integrated
multimedia company
50% 50%
Print Print digital print
98% 69%
Strong brands
Digital activities represent 31%1) of revenues and 27% of EBITDA in 2011
1) Pro forma for acquisitions
8
9. Growth initiative in the online classifieds
business with strategic partnership
Transaction structure
Consolidation of the
online classifieds
business within a new,
Marketplaces
Classifieds /
independent company
70% 30% Enterprise value of
€1.25bn
Axel Springer Digital Classifieds Axel Springer will be the
majority shareholder,
with a 70% stake
General Atlantic to be
partner in the new
company with a 30%
interest
Objective: international
growth
9
10. Sale of 30% stake in Digital Classifieds:
Axel Springer receives €375m in the next years
Deduction
Enterprise value €1.25bn Contribution of the
three classifieds
-
businesses into the
Loans of AS AG to JV HoldCo €460m JV HoldCo by AS
=
AS provides €460m
Equity value €790m
loans to JV HoldCo
at attractive interest
Direct and indirect payment conditions for AS by
€375m conversion of
from GA to AS (30% of €1.25bn)
- receivables
Repayment of the GA-part of the loans
€138m
assumed by AS (30% of €460m)
=
Purchase price payment in cash
€237m
by GA (30% of €790m)
10
13. Axel Springer with EBITDA on all time high
in €m
2011 2010 yoy Revenues up 10.1% yoy, adjusted
for consolidation effects +3.9%
Revenues 3,184.9 2,893.9 +10.1%
Circulation revenues up, adjusted
Circulation 1,204.5 1,174.3 +2.6%
for consolidation effects slightly
Advertising 1,606.8 1,384.8 +16.0% down by -0.6%
Other 373.5 334.8 +11.6% Advertising growth driven by digital
593.4 510.6
media, adjusted for consolidation
EBITDA +16.2%
effects up by 6.6%
Margin 18.6% 17.6% +1.0pp
EBITDA on all-time high and
EBITDA margin up from 17.6% to
18.6%
13
14. Continued cost discipline across the group
in €m
2011 2010 yoy Total costs up by €173.8m, mainly
Personnel
due to consolidation effects and
851.6 792.9 +7.4%
below revenue development
Purchased goods 1,055.7 950.6 +11.1%
and services Adjusted for consolidation effects,
Other operating 783.9 773.9 +1.3%
total costs up by 3.3% mainly due to
Total Costs 2,691.1 2,517.4 +6.9%
organic revenue growth of digital
media, higher marketing and paper
costs
Increase in personnel costs mainly
driven by build-up in digital
Purchased goods and services
costs up mainly due to growth in
digital businesses and higher paper
prices
14
15. Newspapers National: EBITDA margin at 24.3%
in €m
2011 2010 yoy Circulation revenues stable,
supported by BILD copy price
Revenues 1,164.9 1,194.2 -2.4%
increase in May 2011
Circulation 617.6 616.7 +0.1%
Advertising revenues down yoy in
Advertising 515.0 544.7 -5.5% line with expectations
Other 32.4 32.8 -1.3% EBITDA down, but EBITDA margin
282.7 296.0
still strong at 24.3%
EBITDA -4.5%
Margin 24.3% 24.8% -0.5pp
15
16. Magazines National EBITDA on all-time high
in €m
2011 2010 yoy Total revenues down by 3.7%,
adjusted for consolidation effects
Revenues 468.1 486.1 -3.7%
down by 1.8%
Circulation 315.8 325.7 -3.0%
Circulation revenues down by 3.0%,
Advertising 128.4 134.1 -4.2% adjusted down by 1.1%
Other 23.9 26.3 -9.3% Advertising revenues down by 4.2%,
103.2 101.0
adjusted down by 2.9%
EBITDA +2.2%
Strong EBITDA margin of 22.0%
Margin 22.0% 20.8% +1.2pp
16
17. Print International: Higher revenues and EBITDA
increase
in €m
2011 2010 yoy yoy
adjusted1)
Revenues growing by 18.1%,
adjusted for consolidation and FX
Revenues 473.5 400.9 +18.1% -4.2%
effects down by 4.2%
Circulation 271.0 231.9 +16.9% -4.0%
Advertising markets developed less
Advertising 172.3 147.0 +17.2% -6.0% favorably in H2/11
Other 30.2 22.1 +37.0% +5.6% EBITDA improved considerably,
73.8 61.5
margin slightly up
EBITDA +20.0% -20.1%
EBITDA increase mainly due to the
Margin 15.6% 15.3% +0.2pp -
CEE JV consolidation
1) Adjusted for consolidation and foreign exchange effects
17
18. Digital Media: Strong and profitable growth
in €m
2011 2010 yoy Revenue growth of 35.2% in 2011
Revenues 962.1 711.8 +35.2% Organic growth of 20.6% in 2011
Advertising 791.2 559.0 +41.5%
(based on pro forma revenues of
€994.2m in 2011 versus €824.7m in
Other 170.9 152.9 +11.8%
2010)
EBITDA 158.1 85.8 +84.2% Pro forma revenues Digital Media at
Margin
30.9% of pro forma total revenues
16.4% 12.1% +4.4pp
(2010: 27.4%)
EBITDA up by 84.2%, margin up
from 12.1% to 16.4%
18
19. Net income increases in 2011
in €m
2011 2010
343.3
Net income 289.4 274.1
289.4 283.2 Non recurring-effects1) 12.2 -17.1
274.1
Effects of purchase price allocations 54.7 33.6
Taxes attributable to these effects -13.1 -7.3
Adjusted net income 343.3 283.2
Thereof attributable to non-controlling
44.3 27.4
interests
Adjusted net income attributable
to shareholders of Axel Springer AG 299.0 255.8
Weighted average number of shares
98.5 98.5
outstanding (in m)2)
2010 2011 2010 2011
Adjusted for significant
Adjusted eps (in €) 3.03 2.60
non-operating items
1) Previous year: Non-recurring effects and other non-operating effects. 2) Based on weighted average number of shares outstanding in 2011.
19
20. Comfortable financial situation
Net finanical debt / liquidity1) (in €m) Attractive refinancing secured
Current credit line
79.6
€1.5bn secured until 2012
12/31/11
€1.0bn thereof extended until 2013
12/31/10
Margin between 15bp and 32.5bp
Bonded loan – Targets
Volume ≥ €300m
Maturity of 4/6 years
Secure additional attractive financing
-472.8
conditions
1) Excl. pension liabilities (12/31/10: -€389m; 12/31/11: -€327m) and treasury shares (12/31/10: 0.6m shares; 12/31/11: 0.3m shares)
20
21. Free cash flow / dividend
Free cash flow (in €m) Dividend volume (in €m)
Dividend1)
(€/share)
0.40 0.48 0.57 1.17 1.33 1.47 1.47 1.60 1.70
299.3 293.9
168
157
131 131
122
107
52
45
37
2010 2011 2003 2004 2005 2006 2007 2008 2009 2010 2011
2)
1) Based on new number of shares after 3 for 1 share split in June 2011
2) Dividend proposal for business year 2011, subject to approval by AGM 2012
21
22. Outlook 2012
REVENUES EBITDA
Single digit
REVENUES
increase yoy
Newspaper
National
≤ 2011 < 2011
Circulation < 2011
SEGMENTS
Magazines
GROUP
Advertising > 2011 National
< 2011 < 2011
Other > 2011 Print
< 2011 < 2011
International
Digital
Media
> 2011 > 2011
Slight
EBITDA
increase yoy Services /
< 2011 < 2011
Holding
22
23. Investor Relations contacts
Claudia Thomé Daniel Fard-Yazdani
Head of Investor Relations Deputy Head of Investor Relations
Phone: +49 30 2591 77421 Phone: +49 30 2591 77425
Mobile: +49 160 90445035 Mobile: +49 151 52844459
claudia.thome@axelspringer.de daniel.fard-yazdani@axelspringer.de
Axel Springer AG
Axel-Springer-Str. 65
10888 Berlin
Germany
Fax: +49 30 2591 77422
23