investor & analyst day

148 Pages·2010·8.06 MB·English

INVESTOR & ANALYST DAY
JULY 15, 2010
Forward Looking Statements
Certain statements in this presentation may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. We wish to caution you that
there are some known and unknown factors that could cause actual results to differ materially
from any future results, performance or achievements expressed or implied by such forward-
looking statements, including but not limited to operational challenges in achieving strategic
objectives and executing on our plans, the risk that our markets do not evolve as anticipated,
the potential impact of any general economic slowdown, competition in the industry and
challenges associated with the integration of Live Nation and Ticketmaster.
We refer you to the documents that we file from time to time with the SEC, specifically the
section titled “Risk Factors” of our most recent Annual Report filed on Form 10-K and Quarterly
Reports on Form 10-Q, which contain and identify other important factors that could cause
actual results to differ materially from those contained in our projections or forward-looking
statements. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this presentation. All subsequent written and
oral forward-looking statements by or concerning Live Nation Entertainment are expressly
qualified in their entirety by the cautionary statements above. We do not undertake any
obligation to publicly update or revise any forward-looking statements because of new
information, future events or otherwise.
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LIVE NATION ENTERTAINMENT
OPPORTUNITY
JULY 15, 2010
KEY METRICS
Market Share
Ticketmaster Down (11%)
Per Head Spend
Live Nation Down (4%)
Sponsorship
Fixed Down
Ticket Sales
“AA”
International Festivals
Under 5000
4
DO YOU REMEMBER YOUR FIRST CONCERT?
5
WE’RE SELLING A POWERFUL, EMOTIONAL
SOCIAL EXPERIENCE
A captivating moment in life, where fans can...
Drop Their Inhibitions…
Celebrate Their Lives...
Relive Their Past...
Feel Exhilarated…
…a Memorable Moment They Want to Live, Relive and Share with the
People They Care About Over and Over Again.
Source: 2009 Live Nation Hotspex Study 6
…AND IT’S A UNIVERSAL GLOBAL NEED…
CONCERTS ARE CONSUMED IN EVERY CORNER OF THE GLOBE –
LNE CURRENTLY OPERATES IN 28 MARKETS AND COUNTING
7
…AND AN INDUSTRY THAT HAS BEEN GROWING
FOR YEARS…
Concert Industry Ticket Sales
$5.0 6
.
4
$
2
.
4
9 $
.
3
$4.0 % 6 $
8
+ .
R 3
A G $
C
1
.
ns) 8 $3
o .
Billi $3.0 5 $2
$ .
e ( 2
u $
n 1
eve 2.
R $
y 7 8
ustr $2.0 5 1. $1.
d 4 . $
In 1. .3 .3 $1
$1.0 $1.1 0.8 $1.0 $0.9 $ $1.0 $1.1 $1 $1
$
$0.0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09
Source: Pollstar 2009 Year End Business Analysis Report
8
Note: All Pollstar figures are estimates for major concerts tickets sold in North America.
…AND LIVE NATION ENTERTAINMENT HAS
GROWN WITH IT
LNE Combined Gross Revenue
LNE 2003-2009
$B CAGR +11%
$6.0 $5.5 $5.5
$4.9
$1.4 $1.3
$5.0
$4.3
$1.2
$4.0
$3.4 $1.1
$4.2
$4.1
$3.1
$3.0
$3.6
$3.0 $0.9
$0.7 $3.2
$0.7
$2.5
$2.0 $2.3 $2.4
$1.0
$0.0
2003 2004 2005 2006 2007 2008 2009 2010B
Live Nation Ticketmaster
Source: Live Nation –Historical 10K and 2010 Budget
Note: Live Nation –2010 and 2009 reported at 09 FX rates. Includes Ticketmaster merger impacts. Excludes Front Line above.
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WHAT DOES THE FUTURE HOLD – YEARS OF
GROWTH
$8.0
$7.0
$6.0
6
ns) $5.0 4.
Billio 9 4.2 $
nue ($ $4.0 3.6 $3. $
ve 1 $
e .
R 8 3
ustry $3.0 .5 $2. $
d 2
n 1
I . $
2
7 8 $
$2.0 .4 3 3 1.5 $1. $1.
$1.0 $1.1 $0.8 $1.0 $0.9 $1 $1.0 $1.1 $1. $1. $
$0.0
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15
Source: 1990-2009 –Pollstar 2009 Year End Business Analysis Report. 10