Investor Update 2011 Q4 February 6, 2012 Exhibit 99.3 |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 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 Report 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 |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 3 2012 Full Year and Q1 Guidance As of February 6, 2012 2012 Full Year – Revenue by Segment (in millions) Redbox $1,770 – $1,930 Coin $300 – $310 New Ventures $5 – $10 Total $2,075 – $2,250 2012 Full Year – Other Core adjusted EBITDA from continuing operations* (in millions) $425 – $460 Core EPS** $3.80 – $4.30 Average Diluted Shares Outstanding (in millions) 31.9 – 32.7 Estimated Effective Tax Rate 39% Free Cash Flow from continuing operations*** (in millions) $120 – $145 2012 Q1 Guidance Revenue (in millions) $530 – $555 Core adjusted EBITDA from continuing operations* (in millions) $94 – $104 Core EPS** $0.76 – $0.91 2012 Full Year Capital Expenditures from Continuing Operations (in millions) Redbox – New $133 – $141 Redbox – Maintenance $7 – $9 Coin – New $19 – $22 Coin – Maintenance $6 – $8 Corporate/Other $90 – $95 Total $255 – $275 2012 Full Year – Installations, net Redbox Kiosks 4,000 – 6,000 Coin Kiosks 50 – 150 New Ventures 0 – 650 * Core 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, as well as before non-core adjustments, which are net of applicable taxes and primarily include acquisition expenses, such as advisor fees and closing costs, and non-recurring gains/losses related to the formation of our joint venture with Verizon, as well as gains/(losses) from equity investments, which represent our share of income from entities we do not consolidate or control. ** Core EPS is defined as earnings per share from continuing operations excluding non-core adjustments, which are net of applicable taxes and primarily include acquisition expenses and non-recurring gains/losses related to the formation of our joint venture with Verizon, as well as gain/(loss) from equity investments. *** 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. |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 4 Consolidated Revenue As of December 31, 2011 Revenue (in millions) $261 $650 $1,033 $1,436 $1,845 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 2007 2008 2009 2010 2011 |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 5 As of December 31, 2011 * From acquisition date Redbox * Q1 Q2 Q3 Q4 YTD 2011 362,344 $ 363,862 $ 389,801 $ 445,591 $ 1,561,598 $ 2010 263,078 $ 271,869 $ 305,365 $ 319,397 $ 1,159,709 $ 2009 154,697 $ 188,909 $ 198,064 $ 231,760 $ 773,430 $ 2008 60,513 $ 89,956 $ 104,192 $ 133,792 $ 388,453 $ 2007 2,602 $ 3,063 $ 1,649 $ 2,218 $ 9,532 $ Coin Q1 Q2 Q3 Q4 YTD 2011 20,609 $ 26,800 $ 27,879 $ 25,678 $ 100,966 $ 2010 15,020 $ 28,043 $ 27,872 $ 25,382 $ 96,317 $ 2009 22,391 $ 26,016 $ 27,254 $ 26,949 $ 102,610 $ Coin Q1 Q2 Q3 Q4 YTD 2011 61,363 $ 71,065 $ 75,506 $ 74,448 $ 282,382 $ 2010 59,918 $ 70,362 $ 74,669 $ 71,033 $ 275,982 $ 2009 57,876 $ 64,741 $ 69,501 $ 66,398 $ 258,516 $ 2008 59,329 $ 64,585 $ 71,104 $ 66,608 $ 261,626 $ 2007 54,915 $ 62,523 $ 67,513 $ 66,363 $ 251,314 $ New Ventures Q1 Q2 Q3 Q4 YTD 2011 365 $ 301 $ 310 $ 416 $ 1,392 $ 2010 126 $ 125 $ 153 $ 326 $ 730 $ 2009 180 $ 194 $ 160 $ 143 $ 677 $ Redbox * Q1 Q2 Q3 Q4 YTD 2011 50,821 $ 74,017 $ 83,499 $ 76,595 $ 284,932 $ 2010 46,301 $ 37,167 $ 53,648 $ 53,734 $ 190,850 $ 2009 20,850 $ 24,568 $ 26,684 $ 29,469 $ 101,571 $ New Ventures Q1 Q2 Q3 Q4 YTD 2011 (2,555) $ (4,767) $ (4,425) $ (6,068) $ (17,815) $ 2010 (1,488) $ (1,927) $ (2,248) $ (2,560) $ (8,223) $ 2009 (154) $ (641) $ (669) $ (617) $ (2,081) $ Revenue Segment Operating Income (Loss) Business Segment Information (in thousands) (in thousands) |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 6 As of December 31, 2011 Coin Q1 Q2 Q3 Q4 YTD 2011 7,371 $ 7,451 $ 7,924 $ 9,176 $ 31,922 $ 2010 7,059 $ 7,562 $ 7,468 $ 7,632 $ 29,721 $ 2009 6,741 $ 7,177 $ 7,081 $ 7,008 $ 28,007 $ Redbox * Q1 Q2 Q3 Q4 YTD 2011 27,098 $ 27,360 $ 30,910 $ 30,062 $ 115,430 $ 2010 22,121 $ 23,866 $ 23,955 $ 23,503 $ 93,445 $ 2009 13,169 $ 14,725 $ 15,527 $ 17,267 $ 60,688 $ New Ventures Q1 Q2 Q3 Q4 YTD 2011 175 $ 679 $ 5 $ 7 $ 866 $ 2010 3,500 $ 184 $ (41) $ 183 $ 3,826 $ 2009 240 $ 273 $ 367 $ 406 $ 1,286 $ Depreciation, Amortization and Other (in thousands) * From acquisition date Business Segment Information |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 7 As of December 31, 2011 Redbox Kiosks (rounded) Q1 Q2 Q3 Q4 2011 31,800 33,300 34,400 35,400 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 Coin Kiosk Same Store Sales Q1 Q2 Q3 Q4 2011 5.3% 1.8% 1.0% 1.7% 2010 0.5% 7.9% 7.9% 10.0% 2009 -5.0% -4.3% -5.4% -5.1% Coin Kiosks (rounded) Q1 Q2 Q3 Q4 2011 18,800 18,900 19,500 20,200 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 Redbox Kiosk Same Store Sales Q1 Q2 Q3 Q4 2011 15.3% 16.6% 13.0% 27.1% 2010 21.0% 3.5% 17.2% 12.5% 2009 35.0% 33.0% 26.3% 21.0% Redbox Coin Installations and Same Store Sales |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 8 As of December 31, 2011 Redbox Gross Margin Q1 Q2 Q3 Q4 YTD 2011 53.1% 58.4% 59.1% 54.9% 56.3% 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 2011 38,472 $ 49,405 $ 46,902 $ 44,457 $ 179,236 $ 2010 31,517 $ 52,822 $ 48,135 $ 38,375 $ 170,849 $ 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 $ Consolidated Capital Expenditures* (in thousands) * For continuing operations Other Information |
© 2012 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc. 9 * All Walmart related companies, including Sam’s Club and ASDA As of December 31, 2011 • Walgreens • Walmart* • Kroger • 7- Eleven • McDonald’s • Walmart* • Kroger • Supervalu • Delhaize • Ahold • Walmart* • Walgreens • Kroger • 7-Eleven • Supervalu Redbox Coin Consolidated Top 5 Customers by Revenue |