Lagardere Sa · EURONEXT:MMB
Lagardere Sa — Lagardère SCA — Q4 2018 Earnings Presentation
16 slides from Lagardere Sa's earnings presentation, Feb 7, 2019
Slide 1: Q4 2018 Revenue
Q4 2018 REVENUE 7 FEBRUARY 2019
Slide 2: Disclaimer
Q4 2018 revenue / 7 February 2019 DISCLAIMER Certain statements contained in this document are forward-looking statements (including objectives and trends), which address our vision of the financial condition, results of operations, strategy, expected future business and financial performance of Lag
Slide 3: Q4 2018 Revenue
Q4 2018 revenue / 7 February 2019 Q4 2018 REVENUE (€m) Q4 FY 2018 revenue 1,997 7,258 Revenue increase buoyed by ongoing robust growth momentum 2017 revenue* 1,918 7,084 at Lagardère Travel Retail, and by a good performance at Lagardère Publishing and Lagardère Sports Consolidated growth +4.1% +2.5%
Slide 4: FY Revenue Evolution
Q4 2018 revenue / 7 February 2019 FY REVENUE EVOLUTION (€m) Performance 7,258 Scope Currency 7,084 +232 +52 -110 +3.3% +2.5% FY 2017* FY 2018 * Restated for IFRS 15. See appendices at the end of Q4 2018 revenue press release. 4
Slide 5: FY 2018 Revenue by Geographic Area
Q4 2018 revenue / 7 February 2019 FY 2018 REVENUE BY GEOGRAPHIC AREA 32% 31% 24% 25% 20% 21% 11% 11% 9% 9% 4% 3% 2017* 2018 2017* 2018 2017* 2018 2017* 2018 2017* 2018 2017* 2018 France Western Eastern USA Asia-Pacific Latin America, Europe Europe & Canada Middle East, Africa * Restated for IFRS 15.
Slide 6: Lagardère Publishing
Q4 2018 revenue / 7 February 2019 LAGARDÈRE PUBLISHING (€m) Q4 FY 2018 revenue 645 2,252 Revenue up, buoyed mainly by success of General 2017 revenue* 624 2,289 Literature in United Kingdom and United States, offsetting decline in Partworks and Consolidated growth +3.4% -1.6% unfavourable comparison
Slide 7: Lagardère Publishing: Activity
Q4 2018 revenue / 7 February 2019 LAGARDÈRE PUBLISHING: ACTIVITY 2018 revenue by geographic area 2018 revenue by activity Other France Other Education 18% 28% 17% 14% 19%* 29%* 16%* 16%* Spain Illustrated Partworks Books 6% 12% 13% 6%* €2,252m 12%* €2,252m 13%* USA & UK & General Canada Australia Li
Slide 8: Lagardère Travel Retail
Q4 2018 revenue / 7 February 2019 LAGARDÈRE TRAVEL RETAIL (€m) Q4 FY 2018 revenue 947 3,673 Growth momentum kept up, 2017 revenue* 866 3,412 driven mainly by expansion of store network and good sales performances in EMEA region Consolidated growth +9.4% +7.7% and France. Like-for-like growth** +5.6%
Slide 9: Travel Retail: Activity
Q4 2018 revenue / 7 February 2019 LAGARDÈRE TRAVEL RETAIL: ACTIVITY 2018 revenue by geographic area 2018 revenue by activity USA & Canada Asia-Pacific 21% 13% 22%* 12%* EMEA Travel Duty Free & €3,673m France €3,673m (excluding Essentials Fashion 24% France) 43% 40% 25%* 42% 44%* 39%* 41%* Foodservic
Slide 10: Lagardère Active
Q4 2018 revenue / 7 February 2019 LAGARDÈRE ACTIVE (€m) Q4 FY 2018 revenue 270 895 2017 revenue* 300 929 Revenue fall mainly due to decline in advertising and circulation revenues at Consolidated growth -10.2% -3.6% Magazine Publishing. Like-for-like growth** -6.6% -2.3% * Restated for IFRS 15. See
Slide 11: Active: Activity
Q4 2018 revenue / 7 February 2019 LAGARDÈRE ACTIVE: ACTIVITY 2018 revenue by geographic area 2018 revenue by activity Others(4) 5% 5%(1) Other 16% Lagardère Press held 16%(1) Studios(1) for sale(1) 24% 27% Spain France 21%(1) 27%(1) 7% 77% 6%(1) 78%(1) €895m €895m Mezzo 1% 1%(1) Press(2) TV Channels
Slide 12: Lagardère Sports and Entertainment
Q4 2018 revenue / 7 February 2019 LAGARDÈRE SPORTS AND ENTERTAINMENT (€m) Q4 FY 2018 revenue 135 438 Revenue is slightly up due to 2017 revenue* 128 454 strong performances from the Olympics division and Football activities in Europe offsetting Consolidated growth +5.1% -3.6% the disposal of Tennis
Slide 13: Sports and Entertainment: Activity
Q4 2018 revenue / 7 February 2019 LAGARDÈRE SPORTS AND ENTERTAINMENT: ACTIVITY 2018 revenue by geographic area 2018 revenue by activity Live Entertainment Other France 10% Media rights 21% 18% 10%* 16% 25%* 18%* 22%* Other Marketing Asia & Germany €438m 20% 27% €438m rights Australia 47% 17% 20%* 24
Slide 14: Guidance
Q4 2018 revenue / 7 February 2019 GUIDANCE The Lagardère group confirms its recurring EBIT target. For 2018, Group recurring EBIT growth is expected to be between 1% and 3% versus 2017*, at constant exchange rates and excluding the impact of disposals at Lagardère Active and of the acquisition of HB
Slide 15: Definitions
Q4 2018 revenue / 7 February 2019 DEFINITIONS Lagardère uses alternative performance indicators which serve as key measures of the Group's operating and financial performance. These indicators are tracked by the Executive Committee in order to assess performance and manage the business, as well as b
Slide 16: Q&A
Q&A Q4 2018 revenue 7 February 2019