EX-99.2 3 dex992.htm INVESTOR UPDATE AS OF APRIL 29, 2010 Investor Update as of April 29, 2010
©
2010 Coinstar, Inc. All Rights Reserved
1
Investor Update
April 29, 2010
©
2010 Coinstar, Inc. All Rights Reserved
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 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
©
2010
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
2


DVD Kiosks
7,000 to 8,000
Coin Kiosks
0
DVD
$1,145 to $1,205
Coin
$265 to $285
E-Pay
$25 to $35
Money Transfer
$95 to $105
Total
$1,530 to $1,630
Q2 and Full Year 2010 Guidance
As of April 29, 2010
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
3
Full
Year
Revenue
by
Segment
(in
millions)
DVD
$115 to $125
Coin –
New
$8 to $10
Coin –
Maintenance
$10 to $13
E-Pay
$1 to $2
Money Transfer
$3 to $4
Corporate/Other
$15 to $20
Total
$152 to $174
EBITDA *
(in millions)
$275 to $290
EPS
$1.82 to $1.94
Shares Outstanding  (in millions)
31.6 to 31.8
Estimated Effective Tax Rate
40.0%
Free Cash Flow **  (in millions)
$60 to $80
Full
Year
Capital
Expenditures
(in
millions)
Full
Year
Other
Full
Year
Installations,
net
*
EBITDA
is
defined
as
earnings
before
net
interest
expense,
income
taxes,
depreciation, amortization and certain other non-cash charges including stock-
based compensation and share-based expenses.
**  Free Cash Flow is defined as net cash provided by operating activities less
capital expenditures.
Revenue   (in millions)
$370 to $390
EBITDA *  (in millions)
$58 to $63
EPS
$0.30 to $0.34
Q2 2010 Guidance


Consolidated Revenue
As of March 31, 2010
©
2010 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)
$261
$307
$762
$1.145B
$350
Q1
$1.530 to $1.630B *
2006
2007
2008
2009
2010P
* Guidance as of April 29, 2010.


Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
2010
$   5,571
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$     5,571
2009
$   6,153
$   6,118
$   5,844
$   6,670
$   24,785
2008
$   6,068
$   5,828
$   6,216
$   6,388
$   24,500
2007
$   5,116
$   5,151
$   5,570
$   6,987
$   22,824
2006
$   3,815
$   4,194
$   4,553
$   5,027
$   17,589
2010
$ 21,425
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   21,425
2009
$ 19,931
$ 22,154
$ 22,476
$ 23,095
$   87,656
2008
$ 20,470
$ 23,787
$ 22,016
$ 21,151
$   87,424
2007
$   4,783
$   5,706
$   6,239
$   7,427
$   24,155
2006
-
-
-
-
-
-
-
$   1,027
$   3,489
$   4,486
$     9,002
2010
$ 59,935
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   59,935
2009
$ 57,987
$ 64,851
$ 69,566
$ 66,435
$ 258,839
2008
$ 59,242
$ 64,501
$ 71,028
$ 66,532
$ 261,303
2007
$ 54,796
$ 62,413
$ 67,401
$ 66,266
$ 250,876
2006
$ 50,513
$ 57,256
$ 61,475
$ 60,664
$ 229,908
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
5
Revenue by Segment (in thousands)
As of March 31, 2010
DVD Revenue (from acquisition date)
Coin Revenue
Q1
Q2
Q3
Q4
YTD
Money Transfer Revenue (from acquisition date)
E-Pay Revenue (from acquisition date)
2010
$ 263,130
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$ 263,130
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
$     2,216
$     9,530
2006
$        281
$       876
$        891
$     2,405
$     4,453


Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
2010
$   1,651
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   1,651
2009
$   1,603
$   1,927
$   1,758
$   2,635
$   7,923
2008
$   1,691
$   3,360
$   1,059
$   1,953
$   8,063
2010
$ (1,665)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   (1,665)
2009
$ (2,261)
$     (375)
$   (132)
$ (8,161)
$ (10,929)
2008
$    (894)
$  (2,354)
$   (925)
$    (928)
$   (5,101)
2010
$  14,334
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$    14,334
2009
$  21,995
$  25,074
$  26,217
$  21,365
$    94,651
2008
$  23,868
$  25,298
$  27,046
$  25,852
$  102,064
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
6
Operating Profit (Loss) by Segment (in thousands)
As of March 31, 2010
DVD
Coin
Q1
Q2
Q3
Q4
YTD
Money Transfer
E-Pay
2010
$  44,834
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   44,834
2009
$  20,830
$  24,079
$  27,300
$  29,343
$ 101,552
2008
$    8,174
$  10,444
$  12,707
$  18,499
$   49,824


Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
Q1
Q2
Q3
Q4
YTD
2010
$      815
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$       815
2009
$      861
$      967
$      818
$      788
$    3,434
2008
$      910
$      916
$      879
$      869
$    3,574
2010
$   1,878
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$    1,878
2009
$   1,527
$    1,665
$    1,667
$   1,495
$    6,354
2008
$   1,498
$    1,544
$    1,562
$   1,509
$    6,113
2010
$ 10,510
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$  10,510
2009
$   7,105
$   8,221
$   7,462
$   7,363
$  30,151
2008
$   6,723
$   6,020
$   6,331
$   6,747
$  25,821
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
7
Depreciation, Amortization and Other by Segment (in thousands)
As of March 31, 2010
DVD
Coin
Q1
Q2
Q3
Q4
YTD
Money Transfer
E-Pay
2010
$ 22,171
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$  22,171
2009
$ 13,045
$ 13,955
$ 15,513
$ 17,318
$  59,831
2008
$   5,465
$   7,718
$  8,653
$ 12,331
$  34,167


Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2010
19,100
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
8
Installations and Agent Locations (rounded)
As of March 31, 2010
DVD Kiosks
2010
24,800
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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
Q1
Q2
Q3
Q4
2010
25,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2009
23,000
24,000
24,500
25,000
2008
18,500
18,900
20,800
23,000
2007
14,000
14,500
15,900
17,500
2006
19,500
19,500
19,500
14,000
E-Pay POSA Terminals
2010
52,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2009
41,000
44,000
45,000
49,000
2008
35,000
36,000
35,000
38,000
2007
22,000
19,600
19,700
19,100
2006
-
-
-
-
-
-
-
> 17,000
22,000
22,000
Money Transfer Agents


2010
59.0%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
59.0%
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
$ 32,351
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$   32,351
2009
$ 35,980
$ 39,572
$ 29,589
$ 48,329
$ 153,470
2008
$ 29,503
$ 36,755
$ 49,482
$ 34,997
$ 150,737
2007
$   8,385
$ 13,255
$ 16,482
$ 15,226
$   53,348
2006
$   3,683
$   5,145
$   5,221
$ 12,256
$   26,305
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
9
Other Information
As of March 31, 2010
Q1
Q2
Q3
Q4
DVD Kiosk Same Store Sales
DVD Gross Margin
Q1
Q2
Q3
Q4
Coin Kiosk Same Store Sales
2010
0.5%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2009
-5.0%
-4.3%
-5.4%
-3.9%
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%
2010
21.0%
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2009
35.0%
33.0%
26.0%
21.0%
2008
37.4%
63.2%
40.6%
64.3%
Consolidated Capital Expenditures (in thousands)


Number of Locations *
As of March 31, 2010
©
2010 Coinstar, Inc. All Rights Reserved. These materials may not be reproduced, altered or distributed without the express written consent of Coinstar, Inc.
10
Grocery
Mass Merchant
Drug
Convenience Store
Quick Service Restaurant
Financial
Other
Total *
>
>
>
>
>
>
>
>
15,000
3,500
8,000
15,000
2,000
400
2,100
46,000
Q1 2010
* Excludes Money Transfer


Top
5
Customers*
Select
Lines
of
Business
(LOB)
and
Consolidated Company
As of  March 31, 2010
©
2010
Coinstar,
Inc.
All
Rights
Reserved.
These
materials
may
not
be
reproduced,
altered
or
distributed
without
the
express
written
consent
of
Coinstar,
Inc.
11
*  As measured by revenue.
** All Walmart
related companies, including Sam’s Club and ASDA.
DVD
Walmart**
Walgreens
McDonald’s
Supervalu
Kroger
Coin
Kroger
Walmart**
Supervalu
Delhaize
Ahold
All LOBs
Walmart**
Walgreens
Kroger
McDonald’s
Supervalu