Entravision Communications Corp (NYSE:EVC) Q4 2020 Earnings Conference Call March 11, 2021 5:00 PM ET Company Participants Kimberly Esterkin - ADDO Investor Relations Walter Ulloa - Chairman & CEO Christopher Young - CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Lisa Springer - Singular Research Operator Greetings, and welcome to the Entravision Communications Corporation Fourth Quarter and Full Year 2020 Earnings Conference Call. As a reminder, this conference is bei ...

Financial Data and Key Metrics Changes - Revenues for Q3 totaled $63 million, down 8% year-over-year but up 40% sequentially [7][30] - Consolidated operating expenses for Q3 2020 declined 21% year-over-year [7][33] - Adjusted EBITDA increased significantly to $16.4 million for Q3 2020, up 79% compared to $9.1 million in the prior year [7][35] - Free cash flow was approximately $10.6 million in the quarter compared to $326,000 in the prior year period [35] - Earnings per share for Q3 2020 were a positive $0.11 compared to a loss of $0.14 per share in the same period last year [36] Business Line Data and Key Metrics Changes - Television segment generated revenues of $37.8 million, up 4% year-over-year and up 40% sequentially [9][30] - Audio segment revenues totaled $11.5 million, down 22% year-over-year but up 70% sequentially [13][31] - Digital revenues totaled $13.7 million, a decrease of 22% year-over-year but improved 20% sequentially [22][31] Market Data and Key Metrics Changes - Political advertising revenue for Q3 totaled $6.3 million, with expectations to exceed $28 million for 2020 [7][8] - National advertising revenues were up 37% driven mainly by political spend, while local advertising revenues were down 14% due to COVID-19 [9] Company Strategy and Development Direction - The company is focusing on enhancing digital advertising capabilities through strategic investments, including a majority investment in Cisneros Interactive [21][39] - The investment in Cisneros Interactive aims to expand digital service offerings and position the company as a leading digital advertising entity in the U.S. and Latin America [21][40] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for the balance of the year and into 2021, citing strong sequential growth across all operating segments [6][28] - The company anticipates maintaining the majority of its operating cost cuts into Q4 [34] Other Important Information - The company maintained its dividend at $0.025 and is considering future dividend policies based on performance [34][55] - Cash and marketable securities as of September 30, 2020, totaled $136.5 million, with total debt at $216 million [37] Q&A Session Summary Question: What is the political revenue for TV and radio in Q4? - Political for Q4 is approximately $11.1 million for TV and about $3 million for radio [45] Question: Can you provide more color on digital revenue in Q4 excluding Cisneros? - Local digital is pacing strongly at plus 10%, while international business is down 30% [48] Question: What are the cost reductions expected to flow into Q4? - Revenue increase will lead to a variable expense increase of $3 million to $4 million, with an additional $3.9 million associated with Cisneros [53][54] Question: What is the M&A climate in the digital business? - The company is actively looking at digital companies that complement its portfolio and hopes to find reasonable multiples for acquisitions [58] Question: What is the EBITDA margin for Cisneros Interactive? - The EBITDA margin is about 5% to 6%, with full revenue and expense booked on the P&L [65] Question: What is the moat around the Cisneros Interactive business? - The moat includes relationships with major tech platforms like Facebook, Spotify, and LinkedIn, along with strong management [67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State ...

Entravision Communications Corporation (NYSE:EVC) Q2 2020 Earnings Conference Call August 4, 2020 5:00 PM ET Company Participants Walter Ulloa - Chairman and Chief Executive Officer Chris Young - Chief Financial Officer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Aaron Watts - Deutsche Bank Operator Good afternoon and welcome to the Entravision’s Second Quarter 2020 Earnings Conference Call. All participants will be in a listen-only mode. After today’s presentation, there will be a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-15997 ENTRAVISION COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 95-4783236 (State or ...

Entravision Communications Corp (NYSE:EVC) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET Company Participants Walter Ulloa - Chairman & CEO Christopher Young - CFO & Treasurer Conference Call Participants Michael Kupinski - NOBLE Capital Markets Operator Good afternoon, and welcome to Entravision's First Quarter 2020 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Walter Ulloa Chairman and CEO. Please go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered FORM 10-K ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commi ...

Financial Data and Key Metrics Changes - Revenues decreased 14% to $70.8 million in Q4 2019 compared to the prior year [8][41] - Consolidated adjusted EBITDA decreased 47% to $11.1 million in Q4 2019 compared to $20.9 million in Q4 2018 [8][41] - For the year, total revenues decreased by 8% to $273.6 million compared to $297.8 million in 2018 [8][41] - Consolidated adjusted EBITDA for the year decreased 24% to $41.2 million [8][41] Business Line Data and Key Metrics Changes - Television revenues in Q4 decreased 19% to $36.9 million, primarily due to the absence of approximately $7 million in political revenue from the prior year [9][42] - Audio revenues were down 17% in Q4 compared to the prior year, with local revenues down 9% and national revenues down 29% [16][42] - Digital revenues increased by 1% to $20 million in Q4 compared to $19.8 million in the prior year [25][43] Market Data and Key Metrics Changes - National advertising revenue for television was down 39% while local revenue was down 6% in Q4 [9] - Core TV advertising revenue excluding political was down 7% in Q4, with national down 11% and local down 4% [9] - Audio revenues for the year were down 14% to $55 million compared to $63.9 million in the prior year [17] Company Strategy and Development Direction - The company is focused on executing a multiplatform strategy and investing in content and distribution assets to enhance cash flows [39] - The digital division is expected to improve performance in 2020, driven by the Smadex platform and a streamlined cost structure [34][39] - The company anticipates impressive political revenue increases in 2020 compared to 2016, leveraging its media assets in key swing states [40] Management's Comments on Operating Environment and Future Outlook - Management noted continued softness in TV and audio units but expressed optimism about digital results improving [38] - The first quarter of 2020 is off to a good start, with strong political pacing expected [39] - Management is confident in the changes made throughout 2019 and believes they will contribute to increased cash flow in the audio business [66][67] Other Important Information - The company has approximately $138 million in cash and marketable securities against total debt of approximately $218 million [7] - The company repurchased approximately 802,000 shares at an average price of $2.73 per share during Q4 [7] Q&A Session Summary Question: Did you do about $1 million in television political in the fourth quarter? - Management clarified that political revenue was about $200,000 in Q4 [49] Question: Can you talk about the amount of political that was booked so far in the first quarter? - Approximately $4.6 million of political revenue is booked for Q1 in television and about $630,000 in radio [49] Question: Have the ratings in radio stabilized? - Management confirmed that ratings have stabilized, with significant improvement noted in Los Angeles [50][51] Question: Can you provide an update on the legal issue regarding performance royalty? - Management stated that the matter is being litigated and is considered non-material [56] Question: What are your thoughts on the recent ownership changes at Univision? - Management believes it could be a positive step for Univision, which is important for programming delivery [57] Question: Can you clarify the $8 million of expense reduction in the audio cost structure? - Management indicated that the majority of the $8 million reduction is due to renegotiated programming contracts [58] Question: How does the shift to Katz affect your national sales force? - Management confirmed that the national sales force will be reallocated or reduced as part of the shift to Katz [60]

Entravision Communications Corp (NYSE:EVC) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants Walter Ulloa – Chairman and Chief Executive Officer Chris Young – Chief Financial Officer Conference Call Participants Michael Kupinski – NOBLE Capital Markets Operator Good afternoon everyone and welcome to Entravision’s Third Quarter 2019 Earnings Conference Call. [Operator Instructions]. At this time I’d like to turn the conference over to Mr. Walter Ulloa, Chairman and Chief Execu ...