Press Release: Glacier Reports Third Quarter 2021 Results
Press Release: Glacier Reports Third Quarter 2021 Results
Glacier Reports Third Quarter 2021 Results
冰川报告2021年第三季度业绩
VANCOUVER, British Columbia, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX: GVC) ("Glacier" or the "Company") reported revenue and earnings for the period ended September 30, 2021.
温哥华,不列颠哥伦比亚省,2021年11月10日(Global Newswire)--冰川传媒公司(多伦多证券交易所股票代码:GVC)(以下简称“冰川”或“公司”)公布了截至2021年9月30日的收入和收益。
SUMMARY RESULTS
汇总结果
(thousands of
dollars) Three months ended September 30, Nine months ended September 30,
except share
and per share
amounts 2021 2020 2021 2020
-------------- ----------- ----------- ----------- -----------
Revenue $ 40,211 $ 35,314 $ 120,721 $ 109,594
EBITDA $ 3,248 $ 8,577 $ 11,901 $ 16,701
EBITDA margin 8.1% 24.3% 9.9% 15.2%
EBITDA per
share $ 0.02 $ 0.07 $ 0.09 $ 0.13
Capital
expenditures $ 1,188 $ 999 $ 4,361 $ 3,536
Net (loss)
income
attributable
to common
shareholder $ 75 $ 1,133 $ (96) $ (18,892)
Net (loss)
income
attributable
to common
shareholder
per share $ 0.00 $ 0.01 -$ 0.00 $ (0.15)
Weighted
average shares
outstanding,
net 132,755,559 125,213,346 130,269,115 125,213,346
Results
including
joint ventures
and
associates:
Revenue (1) $ 48,449 $ 42,868 $ 143,965 $ 133,314
EBITDA (1) $ 4,451 $ 10,144 $ 15,970 $ 21,324
EBITDA margin
(1) 9.2% 23.7% 11.1% 16.0%
EBITDA per
share (1) $ 0.03 $ 0.08 $ 0.12 $ 0.17
--------------- ----------- ----------- ----------- -----------
(数以千计美元)截至9月30日的三个月,截至9月30日的九个月,除共享外和每股金额2021年2020年2021年2020年-------------- ----------- ----------- ----------- ----------- 收入40,211元35,314元120,721元109,594元EBITDA$3,248$8,577$11,901$16,701EBITDA利润率8.1%24.3%9.9%15.2%EBITDA PER股票$0.02$0.07$0.09$0.13资本支出1,188美元999美元4,361美元3,536美元净额(亏损)收入可归因性变得普通股东$75$1,133$(96)$(18,892)净额(亏损)收入可归因性变得普通股东每股$0.00$0.01-$0.00$(0.15)加权普通股出类拔萃,净额132,755,559 125,213,346 130,269,115 125,213,346结果包括合资企业和员工:收入(1)48,449元42,868元143,965元133,314元EBITDA(1)$4,451$10,144$15,970$21,324EBITDA利润率 (1) 9.2% 23.7% 11.1% 16.0% EBITDA PER股票(1)$0.03$0.08$0.12$0.17--------------- ----------- ----------- ----------- -----------
(1) Certain results are presented to include the Company's proportionate share of its joint venture and associate operations, as this is the basis on which management bases its operating decisions and performance. The Company's joint ventures and associates include Great West Media Limited Partnership, the Victoria Times-Colonist, Rhode Island Suburban Newspapers, Inc., and Village Media Inc. Borden Bridge Development Corporation was included up to August 31, 2021 at which point the Company acquired the remaining 50% and started to consolidate the results.
(1)某些业绩包括公司在其合资企业和联营业务中的比例份额,因为这是管理层作出经营决策和业绩的基础。该公司的合资企业和联营公司包括Great West Media Limited Partnership、维多利亚时代-殖民者、罗德岛郊区报业公司和乡村媒体公司。截至2021年8月31日,博登桥开发公司被包括在内,当时该公司收购了剩余的50%股份,并开始巩固业绩。
Q3 OPERATING PERFORMANCE AND OUTLOOK
第三季度经营业绩和展望
Operating Performance
运营业绩
Consolidated revenue for the three months ended September 30, 2021 was $40.2 million, up $4.9 million or 13.9% from the same period in the prior year primarily as a result of 1) growth in a number of the Company's businesses due to stronger industry segment conditions and operating performance and 2) the significant impact of the COVID pandemic in the prior year and the resulting restrictions and cut-back in consumer and business activity.
截至2021年9月30日的三个月的综合收入为4020万美元,比上年同期增加490万美元,增幅为13.9%,主要原因是:1)由于行业状况和经营业绩增强,公司的多项业务增长;2)上一年COVID疫情的重大影响以及由此对消费者和企业活动的限制和削减。
Consolidated EBITDA was $1.8 million, excluding CEWS but including varying levels of other grants and subsidies, for the period ended September 30, 2021 up $0.4 million from $1.4 million for the same period in the prior year. The results for the current period include three months of special Aid to Publishers ("ATP") at lower funding levels, as compared to the same quarter in the prior year which included six months of special ATP funding from the federal government at higher levels due to COVID, resulting in a decline in ATP funds recorded between the current and comparative period.
截至2021年9月30日的一段时间,合并EBITDA为180万美元,不包括CEW,但包括不同水平的其他赠款和补贴,比去年同期的140万美元增加了40万美元。本季度的结果包括三个月的对出版商的特别援助(“ATP”)的资金水平较低,而上一年同一季度的资金水平较低,其中包括由于COVID的原因,联邦政府在较高水平上提供的六个月的特别ATP资金,导致本季度与可比期之间记录的ATP资金有所下降。
The Company recognized wage subsidies from the CEWS program of $1.4 million for the three months ended September 30, 2021 compared to $7.1 million for the same period last year, a decrease of $5.7 million.
在截至2021年9月30日的三个月里,该公司确认了CEW计划提供的140万美元的工资补贴,而去年同期为710万美元,减少了570万美元。
Consolidated EBITDA including CEWS was $3.2 million for the three months ended September 30, 2021, down $5.3 million from the same period in the prior year, including CEWS and other grants and subsidies recorded during the quarter.
在截至2021年9月30日的三个月里,包括CEW在内的合并EBITDA为320万美元,比去年同期减少了530万美元,其中包括CEW以及本季度记录的其他赠款和补贴。
The Company will no longer qualify for CEWS program funding subsequent to October 2021.
2021年10月之后,该公司将不再有资格获得CEW计划资金。
Outlook
展望
The Company has been working to strengthen its financial position and operating profitability during the pandemic. Revenues were significantly affected early on, although they have continued to improve during the latter part of 2020 and throughout 2021. It remains unclear how the pandemic will continue to unfold and affect conditions for the market in general and the Company's businesses in particular.
在大流行期间,该公司一直在努力加强其财务状况和运营盈利能力。收入在早期受到了重大影响,尽管它们在2020年下半年和整个2021年继续改善。目前尚不清楚这场大流行将如何继续蔓延,并影响整个市场,特别是该公司的业务状况。
The combination of improved revenues, cost management and stronger business conditions in a number of the markets in which the Company operates has resulted in significantly improved levels of operating profitability excluding wage subsidies. A number of the Company's areas of business remain affected by the pandemic, including the low level of activity in events and tourism in particular.
在该公司经营的多个市场中,收入的改善、成本管理和更强劲的商业环境相结合,大大提高了不包括工资补贴的经营盈利水平。该公司的一些业务领域仍然受到疫情的影响,特别是活动和旅游业的活动水平较低。
The Company has no debt net of cash and is now in a significantly stronger financial position with which to 1) operate at the lower levels of revenue and profitability currently being experienced in certain markets, 2) have the financial capacity to handle restructuring costs required and other cash obligations, and 3) withstand further economic uncertainty, additional waves of the pandemic and any related impact on revenues and cash flow.
该公司没有扣除现金的债务,现在的财务状况要强得多,1)在某些市场目前收入和盈利水平较低的情况下运营,2)有财务能力处理所需的重组成本和其他现金义务,3)经受住进一步的经济不确定性、疫情的额外浪潮以及对收入和现金流的任何相关影响。
While the pandemic and related measures are still affecting the Company's businesses to varying degrees, the Company's digital media, data, and information businesses have held up relatively well. The underlying fundamentals and value of these products have demonstrated resilience despite the challenging market conditions.
虽然疫情和相关措施仍在不同程度上影响着公司的业务,但公司的数字媒体、数据和信息业务表现相对较好。尽管市场环境充满挑战,但这些产品的基本原理和价值表现出了韧性。
Overall, the Company expects that as time progresses, and the pandemic abates, revenues will recover further. Due to the uncertainty surrounding the continued magnitude and impact of the COVID pandemic on the economy, it remains unclear what the impact will be on the Company's operations and financial position in the short-term.
总体而言,该公司预计,随着时间的推移和疫情的减弱,收入将进一步回升。由于围绕COVID大流行对经济的持续规模和影响的不确定性,目前尚不清楚短期内对该公司的运营和财务状况会产生什么影响。
The Company is working to reach the point where increases in the revenue, profit and cash flow from its data, analytics and intelligence products and digital media products exceeds the decline of its print advertising related profit and cash flow. The Company had made progress in this regard in the first two months of the first quarter of 2020 before the impact of the pandemic set in. The Company can operate at lower levels of revenue from its digital media, data and information operations in the future and operate profitably.
该公司正在努力使其数据、分析和情报产品以及数字媒体产品带来的收入、利润和现金流的增长超过其平面广告相关利润和现金流的下降。在大流行的影响开始之前,该公司在2020年第一季度的前两个月已经在这方面取得了进展。该公司未来可以在其数字媒体、数据和信息业务的较低收入水平下运营,并实现盈利。
Financial Position. As at September 30, 2021, the Company was in a net cash positive position, with a cash balance of $21.8 million and mortgages and other loans of $4.6 million. This includes a new non-recourse mortgage on farm show land in Saskatchewan.
财务状况。截至2021年9月30日,公司现金净额为正,现金余额为2180万美元,抵押贷款和其他贷款为460万美元。这包括萨斯喀彻温省农场展示用地上的新的无追索权抵押贷款。
The Company has net $6.7 million of deferred purchase price obligations to be paid over the next four years. This amount is net of contributions from minority partners. The Company has a $5.0 million vendor-take back receivable to be paid over the next two years resulting from the sale of the Company's interest in Fundata and $1.2 million potential earn-out proceeds receivable over the next three years from the sale of the energy business.
该公司有670万美元的递延收购价格债务要在未来四年内支付。这一数额是扣除少数合伙人的捐款后的净额。该公司有500万美元的卖方--收回因出售公司在Fundata公司的权益而在未来两年支付的应收款项,以及未来三年出售能源业务的120万美元潜在收益收益。
Shares in Glacier are traded on the Toronto Stock Exchange under the symbol GVC.
冰川公司的股票在多伦多证券交易所交易,代码为GVC。
For further information please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264.
欲了解更多信息,请联系首席财务官奥雷斯特·斯迈斯努尼克先生,电话:604-708-3264。
ABOUT THE COMPANY
关于公司的情况
Glacier Media Inc. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. The Company's products and services are focused in two areas: 1) data, analytics and intelligence; and 2) content & marketing solutions.
冰川传媒公司是一家信息和营销解决方案公司,在提供基本信息和相关服务提供高客户效用和价值的领域寻求增长。该公司的产品和服务集中在两个领域:1)数据、分析和情报;2)内容和营销解决方案。
FINANCIAL MEASURES
财务措施
To supplement the consolidated financial statements presented in accordance with International Financial Reporting Standards, Glacier uses certain non-IFRS measures that may be different from the performance measures used by other companies. These non-IFRS measures include earnings before interest, taxes, depreciation and amortization (EBITDA) and all measures including joint ventures and associates which are not alternatives to IFRS financial measures. These non-IFRS measures do not have any standardized meanings prescribed by IFRS and accordingly they are unlikely to be comparable to similar measures presented by other issuers.
为了补充根据国际财务报告准则提交的合并财务报表,Glacier使用了某些非IFRS衡量标准,这些衡量标准可能与其他公司使用的绩效衡量标准不同。这些非IFRS衡量标准包括利息、税项、折旧和摊销前收益(EBITDA)以及所有衡量标准,包括合资企业和联营企业,它们不是IFRS财务衡量标准的替代品。这些非“国际财务报告准则”的措施没有国际财务报告准则规定的任何标准化含义,因此,它们不太可能与其他发行人提出的类似措施相媲美。
FORWARD LOOKING STATEMENTS
前瞻性陈述
This news release contains forward-looking statements that relate to, among other things, the Company's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates. These forward-looking statements include, among other things, statements relating to our expectation that revenues will recover as the pandemic abates and our expectation that the Company can generate future profits operating at lower levels of revenue from its digital media, data and information operations. These forward-looking statements are based on certain assumptions, including continued economic growth and recovery and the realization of cost savings in a timely manner and in the expected amounts, which are subject to risks, uncertainties and other factors which may cause results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, and undue reliance should not be placed on such statements.
本新闻稿包含与公司的目标、目标、战略、意图、计划、信念、期望和估计有关的前瞻性陈述。这些前瞻性陈述包括,除其他外,与我们对收入将随着大流行的消退而恢复的预期有关的表述,以及我们对该公司未来能够从其数字媒体、数据和信息业务中获得较低收入水平的利润的预期。这些前瞻性陈述基于某些假设,包括持续的经济增长和复苏,以及及时实现预期的成本节约。这些假设会受到风险、不确定因素和其他因素的影响,这些风险、不确定因素和其他因素可能会导致公司的结果、业绩或成就与此类前瞻性陈述明示或暗示的未来结果、业绩或成就大不相同,不应过度依赖此类陈述。