Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - OUTERWALL INC | d8k.htm |
| EX-99.1 - EARNINGS RELEASE FOR THE QUARTER ENDED DECEMBER 31, 2010 - OUTERWALL INC | dex991.htm |
 ©
2011 Coinstar, Inc. All Rights Reserved
Investor Update
February 3, 2011
Exhibit 99.2 |
 This presentation contains statements considered forward-looking for purposes
of the safe harbor provisions
under
the
Private
Securities
Litigation
Reform
Act
of
1995.
Actual
results
may
differ
materially
from those indicated by these forward-looking statements as a result of various
factors, including those discussed in our most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q filed with the Securities
and Exchange Commission. Coinstar, Inc. assumes no obligation and does not intend to
update these forward-looking statements.
Safe Harbor for Forward-Looking Statements
2
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc. |
 3
3
*Adjusted EBITDA from continuing operations is defined as earnings before
net interest expense, income taxes, depreciation, amortization and certain
other non-cash charges including the write-off from early retirement
of debt, and share-based expenses from continuing operations.
** Free cash flow from continuing operations is defined as net cash provided by operating
activities from continuing operations after cash paid for capital expenditures from
continuing operations.
2011 Full Year –
Revenue by Segment (in millions)
DVD
$1,420 -
$1,555
Coin
$280 -
$290
New Business
$0 -
$5
Total
$1,700 -
$1,850
2011 Full Year –
Other
Adjusted EBITDA from continuing
operations* (in millions)
$325 -
$355
EPS from continuing operations
$2.60 -
$3.10
Shares Outstanding (in millions)
33.1 -
33.3
Estimated Effective Tax Rate
39%
Free Cash Flow from continuing
operations** (in millions)
$115 -
$140
2011 Q1 Guidance
Revenue (in millions)
$400 -
$420
Adjusted EBITDA from continuing
operations* (in millions)
$50 -
$56
EPS from continuing operations
$0.15 -
$0.25
2011 Full Year Capital Expenditures
from Continuing Operations (in millions)
DVD
$125 -
$140
Coin –
New
$8 -
$10
Coin –
Maintenance
$10 -
$12
Corporate/Other
$20 -
$23
Total
$163 -
$185
2011 Full Year –
Installations, net
DVD Kiosks
5,000 -
6,000
Coin Kiosks
0
2011 Full Year and Q1 Guidance
As of Feb. 3, 2011
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc. |
 Consolidated Revenue
As of Dec. 31, 2010
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
4
Revenue
(in millions)
$1,436 |
 Q1
Q2
Q3
Q4
YTD
2010
$ 15,995
$ 26,466
$ 26,986
$ 24,205
$ 93,652
2009
$ 22,237
$ 25,786
$ 26,919
$ 26,659
$ 101,601
2008
$ 24,633
$ 26,131
$ 27,468
$ 26,163
$ 104,395
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
5
Segment Information (in thousands)
As of Dec. 31, 2010
DVD
Q1
Q2
Q3
Q4
YTD
Coin
2010
$ 44,429
$ 39,049
$ 53,677
$ 55,408
$ 192,563
2009
$ 20,850
$ 24,157
$ 27,441
$ 29,460
$ 101,908
2008
$ 8,258
$ 10,533
$ 12,779
$ 18,599
$ 50,169
Operating Profit:
2010
$ 59,993
$ 70,427
$ 74,717
$ 71,174
$ 276,311
2009
$ 58,056
$ 64,919
$ 69,640
$ 66,497
$ 259,112
2008
$ 59,329
$ 64,585
$ 71,104
$ 66,608
$ 261,626
2007
$ 54,915
$ 62,523
$ 67,513
$ 66,363
$ 251,314
2006
$ 50,683
$ 57,408
$ 61,610
$ 61,260
$ 230,961
DVD (from acquisition date)
Q1
Q2
Q3
Q4
YTD
Coin
Revenue:
2010
$ 263,129
$ 271,929
$ 305,470
$ 319,582
$1,160,110
2009
$ 154,697
$ 188,925
$ 198,085
$ 231,804
$ 773,511
2008
$ 60,513
$ 89,956
$ 104,192
$ 133,792
$ 388,453
2007
$ 2,602
$ 3,063
$ 1,649
$ 2,218
$ 9,532
2006
$ 281
$ 876
$ 891
$ 2,405
$ 4,453
Q1
Q2
Q3
Q4
YTD
2010
$ 10,509
$ 7,706
$ 7,376
$ 7,760
$ 33,351
2009
$ 6,981
$ 7,437
$ 7,434
$ 7,398
$ 29,250
2008
$ 6,721
$ 6,020
$ 6,329
$ 6,746
$ 25,816
DVD
Q1
Q2
Q3
Q4
YTD
Coin
2010
$ 22,171
$ 23,906
$ 24,006
$ 23,558
$ 93,641
2009
$ 13,169
$ 14,738
$ 15,541
$ 17,283
$ 60,731
2008
$ 5,468
$ 7,719
$ 8,655
$ 12,332
$ 34,174
Q1
Q2
Q3
Q4
YTD
Depreciation, Amortization and Other: |
 Q1
Q2
Q3
Q4
2010
19,100
19,000
18,900
18,900
2009
18,400
18,400
18,800
19,200
2008
15,500
16,500
17,500
18,400
2007
13,800
14,200
14,500
15,400
2006
13,000
13,100
13,100
13,500
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
6
Installations and Same Store Sales
As of Dec. 31, 2010
DVD Kiosks
(rounded)
2010
24,800
26,900
28,500
30,200
2009
15,400
17,900
20,600
22,400
2008
7,900
9,600
11,800
13,700
2007
3,000
4,300
5,700
7,000
2006
1,000
1,500
1,700
2,200
Q1
Q2
Q3
Q4
Coin Kiosks (rounded)
Q1
Q2
Q3
Q4
Coin Kiosk Same Store Sales
2010
0.5%
7.9%
7.9%
10.0%
2009
-5.0%
-4.3%
-5.4%
-5.1%
2008
-0.2%
-3.2%
-1.8%
-5.0%
2007
4.3%
4.4%
3.7%
1.7%
2006
7.8%
7.6%
7.0%
6.2%
Q1
Q2
Q3
Q4
DVD Kiosk Same Store Sales
2010
21.0%
3.5%
17.2%
12.5%
2009
35.0%
33.0%
26.3%
21.0%
2008
37.4%
63.2%
40.6%
64.3% |
 2010
59.0%
56.4%
59.7%
54.4%
57.3%
2009
59.6%
57.4%
58.1%
54.0%
57.0%
2008
65.2%
63.0%
62.5%
62.2%
62.9%
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
2010
$ 31,517
$ 52,822
$ 48,135
$ 38,373
$ 170,847
2009
$ 34,987
$ 38,288
$ 28,647
$ 46,545
$ 148,467
2008
$ 28,182
$ 34,653
$ 47,692
$ 33,525
$ 144,052
2007
$ 7,495
$ 11,926
$ 15,375
$ 15,047
$ 49,843
2006
$ 1,725
$ 4,159
$ 3,727
$ 13,197
$ 22,808
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
7
Other Information
As of Dec. 31, 2010
DVD Gross Margin
Consolidated Capital Expenditures for Continuing Operations (in
thousands) |
 Top
5 Customers* – DVD and Coin Lines of Business
and Consolidated Company
As of Dec. 31, 2010
8
* As measured by revenue
** All Walmart
related companies, including Sam’s Club and ASDA.
DVD
•
Walmart**
•
Walgreens
•
Kroger
•
McDonald’s
•
7-Eleven
Coin
•
Walmart
**
•
Kroger
•
Supervalu
•
Delhaize
•
Ahold
All LOBs
•
Walmart**
•
Walgreens
•
Kroger
•
Supervalu
•
McDonald’s
©
2011
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc. |