Lee Enterprises Incorporated : Investor Presentation - August 2023
August 16, 2023 at 11:54 am EDT
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BUILDING LONG TERM VALUE
AUGUST 2023 INVESTOR PRESENTATION
SAFE HARBOR
The information provided in this presentation may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such
forward-looking statements. Words such as "aims", "anticipates," "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve
assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in report relating to the Company may be found in the Company's periodic filings with the Commission, including the factors described in the sections entitled "Risk Factors," copies of which may be obtained from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained in this presentation.
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KEY THEMES FOR TODAY
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WHO WE ARE
DELIVERING INDUSTRY-LEADING DIGITAL GROWTH IN A DYNAMIC MARKET
SOUND THREE PILLAR DIGITAL GROWTH STRATEGY WELL-POSITIONED TO DELIVER VALUE FOR STAKEHOLDERS
FINANCIAL OUTLOOK - FY2023 AND BEYOND
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LEE IS A DIGITAL-FIRST SUBSCRIPTION PLATFORM PROVIDING COMMUNITIES WITH VALUABLE, INTENSELY LOCAL NEWS
Total Revenue
Led by
Digital-only subscriptions
more than
THREE PILLAR
606,000
$720 million
DIGITAL GROWTH
June 2023
LTM June 2023
STRATEGY
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TRANSFORMING THE COMPOSITION OF REVENUE
Where We Are
Where We Are Going
Where We Were
FY 2026E
Q3 2023
FY 2020
% Digital
21%
41%
>67%
Revenue
Prior to launch of Three Pillar
Industry-leading digital
Continuing transition to a
Digital Growth Strategy
revenue growth is transforming
digital-first organization
the mix of revenue
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Lee Enterprises Incorporated published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 15:53:07 UTC.
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Companyâs product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Companyâs products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers.
LEE ENTERPRISES, INCORPORATED 