If you read the description on Denon's site you'll see your question answered and it does composite and s video upconversion to component video as well. The description below was taken directly from Denon's site.

• True 2 Source, 2 Zone functionality with Discrete Power, Source Select and Volume control for each zone • (1)Multi-Zone fixed stereo pre-amp level audio output; or variable level (variable with SRB/Z2 jacks in 5.1 surround mode) • 7.1 Preamp outputs • Power Amplifier Assign function, lets you assign 2 of the 7 amp channels to drive second zone speakers directly • On-Screen Display • Pre-programmed/learning Glow Key remote • Remote I/O ports • Dimensions: 17.1"w x 6.7"h x 16.4"d • SRP $649