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Vivendi — Investor Presentation (June 2019)
21 slides from Vivendi's investor presentation, June 2019
Slide 1: Investor Presentation June 2019
Investor Presentation June 2019
Slide 2: Our key figures in 2018
Our key figures in 2018 A presence in 100+ 44,150 countries employees Revenue of €13.9 billion €2.7 billion invested in content Investor Presentation- June 2019 2
Slide 3: Build a global leader with European roots in content, media and communication
Build a global leader with European roots in content, media and communication Investor Presentation- June 2019 3
Slide 4: Positioned on markets with sustainable growth
Positioned on markets with sustainable growth 83% of people regard entertainment as a vital necessity * * L at es t H avas Pr os um er r epor t M ay 2 0 1 9 Investor Presentation- June 2019 4
Slide 5: A global champion in the creative industries
A global champion in the creative industries REVENUES BY BUSINESS SEGMENT REVENUES BY GEOGRAPHY Year ended December 31 Year ended December 31, 2018 €7,562m EUROPE (including France) €4,395m In millions of euros 2017 2018 THE AMERICAS €1,373m Universal Music Group 5,673 6,023 ASIA & OCEANIA €602m Can
Slide 6: Universal Music Group overview
▪ UMG, the world’s leading music company, engaged in: ▪ recorded music (more than 80% of its revenues) - the world leader (> 30% market share) with more than 50 labels representing all musical styles and the biggest recorded music catalog in the world (more than 3 million titles) ▪ music publishing
Slide 7: Canal+ Group overview
▪ A leader in the production, bundling and distribution of first-run movie channels and thematic channels: ▪ in France, ▪ in Africa (c.25 countries), in Poland, in Vietnam and in Myanmar ▪ 16.2 M subscribers end of 2018, of which c. 50% of subscribers from international operations ▪ Studiocanal is t
Slide 8: Havas Group overview
▪ One of the world’s largest communication groups acquired by Vivendi in July 2017 ▪ The most integrated group in the industry with more than 60 Villages on 5 continents ▪ In 2018, Havas posted Net Revenues of €2.2 Bn. It counts approximately 20,000 employees in over 100 countries ▪ Havas has three
Slide 9: Consolidated Figures
Slide 10: Key consolidated figures
Key consolidated figures In millions of euros 2017 2018 % Change % Organic change* Revenues 12,518 13,932 + 11.3 % + 4.9 % Adjusted earnings before interest and income taxes 969 1,288 + 33.0 % + 24.7 % (EBITA)* Earnings before interest and 1,018 1,182 + 16.1 % income taxes (EBIT) Adjusted net income
Slide 11: Revenues by business
Revenues by business % In millions of euros - IFRS 2017 2018 Change % Organic change* Universal Music Group 5,673 6,023 + 6.2 % + 10.0 % Canal+ Group 5,198 5,166 - 0.6 % - 0.3 % Havas Group 1,211 2,319 na na Other businesses** 436 424 - 2.6 % + 4.3 % TOTAL VIVENDI 12,518 13,932 + 11.3 % + 4.9 % * At
Slide 12: EBITA by business
EBITA by business (Adjusted Earnings Before Interest and Income Taxes) In millions of euros 2017 2018 % Organic change* Universal Music Group 761 902 + 22.1 % Canal+ Group 300 400 + 32.8 % Havas Group 111 215 na Other businesses (203) (229) na TOTAL VIVENDI 969 1,288 + 24.7 % * At constant currency
Slide 13: UMG: faster growth and improved profitability
UMG: faster growth and improved profitability Significant increase of streaming and Revenues evolution EBITA growth subscriptions revenues (in millions of euros and organic growth*) (in millions of euros and organic growth*) (in millions of euros and organic growth*) +37.3% +10.0% +22.1% +10.0% +35.
Slide 14: Canal+ Group: recovery in France and continuous growth internationally
Canal+ Group: recovery of the activity in France and continuous growth internationally Sustained growth Improvement of EBITA of the subscriber base before restructuring charges (in thousands) (in millions of euros and organic growth*) +654 +21.8% +600 16,248 14,994 15,594 +29.5% Mainland France Inte
Slide 15: Havas Group: sequential improvement in organic growth and profitability in 2018
Havas Group: sequential improvement in organic growth and profitability in 2018 Sequential organic Net revenues breakdown by Margin**/Net revenues net revenues growth* division improvement Media 11.6% H2 2018 +2.7% 37% Creation 10.7% 46% 9.9% 10.9% H1 2018 -2.9% Havas Health & You 17% * At constant
Slide 16: Consolidated balance sheet
Consolidated balance sheet Assets December 31, Equity and liabilities December 31, (in billions of euros) 2018 (in billions of euros) 2018 Goodwill 12.4 Consolidated equity* 17.5 Intangible and tangible assets 5.0 Provisions 1.9 Financial investments 6.0 Net deferred tax liabilities 0.1 Net cash pos
Slide 17: Changes in cash position
Changes in cash position -0.6 -0.3 0.2 +2.3 +1.1 (2.3) Net debt as of CFFO Disposal of Dividends paid Interest, taxes & Net cash as of December 31, 2017 financial assets to shareholders others December 31, 2018 (in billions of euros) Investor Presentation- June 2019 17
Slide 18: Allocation of 2018 earnings
Allocation of 2018 earnings Dividend per share (€) + 11.1% 0.50 0.45 2017 2018 Ordinary dividend of €0.50 per share paid in April 2019 (€636 M) with respect to 2018 fiscal year Investor Presentation- June 2019 18
Slide 19: First quarter 2019 revenues
First quarter 2019 revenues % % In millions of euros - IFRS Q1 2018 Q1 2019 Change Organic change* Universal Music Group 1,222 1,502 + 22.9 % + 18.8 % Canal+ Group 1,298 1,252 - 3.6 % - 3.3 % Havas Group 506 525 + 3.8 % + 0.1 % Editis** na 89 Other businesses*** 98 91 TOTAL VIVENDI 3,124 3,459 + 10.
Slide 20: Glossary
Glossary The non-GAAP measures defined below should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance and Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Moreover, it should be n
Slide 21: Important legal disclaimer / Contacts
Important legal disclaimer / Contacts Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements with respect to Vivendi's financial condition, results of operations, business, strategy, plans, and outlook of Vivendi. Although Vivendi believes that suc