Grupo Radio Centro, S.A.B. de C.V.

Climate Impact & Sustainability Data (2017-01-01 to 2017-12-31, 2023-01-01 to 2023-03-31, 2023-01-01 to 2023-09-30, 2023-01-01 to 2023-12-31)

Decreased advertising investment from clients during 2017 compared to 2016.
Earthquake on September 19th, 2017, resulted in cancellation of advertising campaigns.
High competition in the broadcasting industry.
Susceptibility of programming popularity to change.
Intense competition for advertising revenue from television and print media.
Dependence on advertising revenue, particularly high in the fourth quarter.
Risk of non-renewal of radio licenses.
Limitations and obligations under Certificates (debt covenants).

Early adoption of IFRS 16 Leases, reclassifying lease payments and inventory costs.
Maintaining a leading position in the market and optimizing cash flow.
Adjusting radio station formats to target specific demographics.
Seeking license renewals.
Compliance with debt covenants.

Frameworks Used: IFRS

Decreased advertising investment from clients due to the economic impact of the COVID-19 pandemic.
High competition in the Mexican broadcasting market.
Risks associated with the restructuring process, including the monetization of non-strategic assets.
Risks associated with the TV channel alliance.
Potential loss of key clients.
Seasonality of advertising revenue.
Regulatory risks associated with the IFT.
Risk of non-renewal of concessions.
Limitations imposed by the Certificates.
Risk of default on debt obligations.
Interest rate risk.
Control by the Aguirre family.
Statutory provisions that could hinder acquisitions.
Fluctuation in share price.
Limited secondary market for Certificates.
Adverse economic conditions.

Optimizing cash flow from operations and maintaining a leading market position.
Maintaining a strong presence in key radio formats.
Managing its portfolio of stations to meet market needs.
Producing almost all programming in-house.
Providing programming to affiliated stations.
Adjusting programming to reflect changing audience trends.
Sale of non-strategic assets (radio stations).
Cost reduction measures to improve financial profile and increase operating margins.
Seeking to satisfy working capital needs with cash flow from operations.

Frameworks Used: IFRS

Decreased advertising investment from clients due to economic downturn and the impact of COVID-19.
High competition in the Mexican broadcasting market.
Risks associated with the restructuring process, including the monetization of non-strategic assets.
Risks related to the TV channel alliance.
Potential loss of key clients.
Seasonality of advertising revenue.
Regulatory risks from the Instituto Federal de Telecomunicaciones (IFT).
Potential failure to renew radio concessions.
Limitations imposed by the Certificados Bursátiles.
Risk of default on debt obligations.
Interest rate risk.
Control by the Aguirre family, whose interests may differ from other shareholders.
Statutory provisions that could hinder acquisitions.
Fluctuation in share price.
Limited secondary market for Certificados Bursátiles.
Adverse global economic conditions.

Efforts to improve operational efficiency, including reduced personnel costs and honorariums.
Maintaining a strong presence in key radio formats to maximize audience share and advertising revenue.
Proactive format management to adapt to changing market conditions.
Negotiations with Certificados Bursátiles holders to obtain waivers for non-compliance.
Sale of non-strategic assets (radio stations) to improve financial profile.

Frameworks Used: IFRS