Slide 1: GL events 2024 Half-Year Results
GL EVENTS 2024 HALF-YEAR RESULTS 5 SEPTEMBER 2024 H1 2024 RESULTS / 05 SEPTEMBER 2024 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for information and available under the heading "Reports and Publications" at the purposes, as a supplement to information rendered public company's website (www.gl-events.com). These include in elsewhere by GL events, to which readers are invite
Slide 3: GL events: all indicators in H1 2024 are up
GL EVENTS: 2024 first half GL EVENTS: ALL INDICATORS IN H1 2024 ARE UP Activity in France +36% Revenue +19% to €821m Exhibitions & Venues +19% EBITDA +17% to €116m Employees 5,850 Net Profit Attributable + 24% to €116m (to equity holders of the parent) H1 2024 RESULTS / 05 SEPTEMBER 2024 3
Slide 4: Contents
CONTENTS 1. H1 2024 highlights 2. H1 2024 results 3. Group P&L 4. Balance sheet highlights at 30 June 2024 5. Change in net debt 6. 2024 outlook H1 2024 RESULTS / 05 SEPTEMBER 2024 4
Slide 5: H1 2024 Highlights
H1 2024 HIGHLIGHTS H1 2024 RESULTS / 05 SEPTEMBER 2024 5
Slide 6: Strong growth in revenue +19%
STRONG GROWTH IN REVENUE + 19% ▪ Strong growth in business driven by the Live and Venues divisions, an unfavourable biennial effect for Exhibitions ▪ Growth at constant exchange rates: +21% (negative TRY exchange rate impact) ▪ Revenue growth in France (Olympic Games 2024), America and Europe ▪ Lowe
Slide 7: Growth in operating profitability
GROWTH IN OPERATING PROFITABILITY: ▪ Strong improvement in EBITDA (+€16m/+16%) and current operating income (+€14m/+21%) ▪ Operating margin remains steady ▪ Improvement in ROCE (+3.3 pts vs. 2022) reflecting the extensive work carried out and an improvement in asset quality H1 2024 RESULTS / 05 SEPT
Slide 8: 2024 Paris Olympic Games
2024 PARIS OLYMPIC GAMES H1 2024 RESULTS / 05 SEPTEMBER 2024 8
Slide 9: Live: 2024 Paris Olympic & Paralympic Games
LIVE : 2024 PARIS OLYMPIC & PARALYMPIC GAMES An established track record of success further highlighted and reinforced Unrivalled expertise Highly experienced staff Sustainable equipment On-time delivery Customised solutions Collaborative approach OCOG CONTRACTS SATELLITE CONTRACTS - Versailles GOVE
Slide 10: 2024 Paris Olympic Games
2024 PARIS OLYMPIC GAMES H1 2024 RESULTS / 05 SEPTEMBER 2024 10
Slide 11: Exhibitions: strengthening the healthcare sector vertical
EXHIBITIONS: STRENGTHENING THE HEALTHCARE SECTOR VERTICAL +700 exhibitors 30,000 participants The Group was awarded the contract to organise the SANTEXPO exhibition for the next 5 years 250 speeches 550 speakers • The annual meeting of health and social care sectors with a 60 year history, owned by
Slide 12: Exhibitions: CACLP Exhibition - China
EXHIBITIONS: CACLP EXHIBITION - CHINA H1 2024 RESULTS / 05 SEPTEMBER 2024 12
Slide 13: Venues: launch of the Anhembi events venue
VENUES: LAUNCH OF THE ANHEMBI EVENTS VENUE ▪ Delivery and opening of the Anhembi event venue: • A 75,000 sqm of Exhibition Center • A 25,000 sqm Convention Center ▪ CAPEX: > €100m spread over FY 2023 and FY 2024 ▪ 2nd location for GL events in São Paulo, the economic capital of South America ▪ Busin
Slide 14: Formula E - Anhembi - São Paulo
FORMULA E - ANHEMBI -SÃO PAULO H1 2024 RESULTS / 05 SEPTEMBER 2024 14
Slide 15: Venues: Eurexpo shaded photovoltaic structures
VENUES: EUREXPO - SHADED PHOTOVOLTAIC STRUCTURES ▪ Beginning of work to install photovoltaic shading structures combined with a revegetation programme ▪ Capex (programme carried out with the CCI Auvergne Rhône Alpes Region): €16m ▪ Production start-up : Q1 2025 ▪ Production: 16 GW delivered to the p
Slide 16: Governance further strengthened
GOVERNANCE FURTHER STRENGTHENED Group - Creation of a strategy committee GL events Greater China Chair : Nicolas de TAVERNOST President: Inès GINON Vice Chair: Anne-Sophie GINON Managing Director: Romain PEIFFERT Members: Lionel YVANT, Grégory GUISSARD, Daniel HAVIS Chief Operating Officer: Stephen
Slide 17: ESG policy
ESG POLICY ESG commitments SPECIFIC PARIS 2024 OG INITIATIVES 1) CARBON REDUCTION • Deployment of the Cléo Carbone tool for all INTEGRATION activities At the beginning of July, over 30,000 hours of integration work completed • 6% reduction in the Group's carbon footprint between 2022 and 2023 on a l
Slide 18: H1 Results
H1 RESULTS H1 2024 RESULTS / 05 SEPTEMBER 2024 18
Slide 19: Live: improvement in operating margin
LIVE : IMPROVEMENT IN OPERATING MARGIN ▪ Revenue: • Business growth driven by MEGA events and other business lines (4%) • Revenue from the Olympic Games of €158m recognised at 30 June 2024 ▪ Operating margin • Improvement vs.H1 2023, which was impacted by projects with no margin, a high claims rate,
Slide 20: Cannes Film Festival
CANNES FILM FESTIVAL H1 2024 RESULTS / 05 SEPTEMBER 2024 20
Slide 21: Exhibitions: indicators up on 2022
EXHIBITIONS: INDICATORS UP ON 2022 ▪ Revenue: • Decrease in relation to 2023 reflecting be unfavourable biennial effects (SIRHA & Expomin... ≈ -€40m), stable sales in China and reduced activity of the ‘Fashion - Textiles’ exhibitions. • On a like-for-like biennial effect, growth from the combined co
Slide 22: CIEC Union - Build & Door - Beijing
CIEC UNION - BUILD & DOOR - BEJING H1 2024 RESULTS / 05 SEPTEMBER 2024 22
Slide 23: Venues: building a growth driver in São Paulo
VENUES: BUILDING A GROWTH DRIVER IN SAO PAULO ▪ Revenue: Growth in revenue from Paris, Orléans, Budapest, Brussels, Turin, São Paulo and Salvador destinations ▪ Operating margin • Impact of the São Paulo Anhembi development project • Unfavourable biennial effect in France (Eurexpo) almost entirely o
Slide 24: Venues - Santiago du Chile
VENUES - SANTIAGO DU CHILE H1 2024 RESULTS / 05 SEPTEMBER 2024 24
Slide 25: Group P&L
GROUP P&L H1 2024 RESULTS / 05 SEPTEMBER 2024 25
Slide 26: Operating margin: +21%
OPERATING MARGIN: + 21% ▪ Growth in operating profitability: +€14m • Margin remained steady despite a less favourable business mix • Contribution margin down from H1 2023 (less favourable business and geographical mix) and stable in relation to H1 2022 • Ratio of purchases and external charges to re
Slide 27: Net income attributable to the Group: +24%
NET INCOME ATTRIBUTABLE TO THE GROUP : +24% ▪ Net financial income (expense): (-€5m) vs. 2023 • Borrowing costs: +84 points vs. June 2023: (-€6m) • Stable investment income • Decrease in foreign exchange gains : (€1m) ▪ Earnings before tax +13% from 2023 ▪ Tax rate stable at 26% vs. 25% in June 2023
Slide 28: Economic performance at 30 June 2024
ECONOMIC PERFORMANCE AT 30 JUNE 2024 H1 2024 RESULTS / 05 SEPTEMBER 2024 28
Slide 29: Balance sheet at 30 June 2024
BALANCE SHEET AT 30 June 2024 ▪ Goodwill: • Translation differences: €3m (China) ▪ PPE & intangible assets • Buildings: €50m including São Paulo (€41m) • Other tangible fixed assets: -€6m • IT: +€2m • Depr./Amort.: -€15m • Translation adjustments: -19m (Brazil) ▪ Capitalised rental equipment: • Equi
Slide 30: Change in net debt
CHANGE IN NET DEBT H1 2024 RESULTS / 05 SEPTEMBER 2024 30
Slide 31: Change in net debt
CHANGE IN NET DEBT ▪ Cash flow net of income tax up to 12.8% vs. 11.4% in H1 2023 Operating cash flow: -€31m (vs. +€27m in H1 2023) ▪ Increase in net debt in line with our expectations (same level as June 23), impacted by : • the high level of capital expenditures in H1 (including Anhembi €41m) • co
Slide 32: Financial debt
FINANCIAL DEBT H1 2024 RESULTS / 05 SEPTEMBER 2024 32
Slide 33: Debt maturity & liquidity
DEBT MATURITY & LIQUIDITY ▪ Short and stable debt maturity: 3.35 years at 30 June 2023 vs. 3.53 years one year earlier ▪ Refinancing carried out in 2024: syndicated debt (€230m, of which €200m drawn down), ▪ Higher financing costs (3.97% vs. 3.45% in 2023) reflecting the sharp rise in Euribor and th
Slide 34: Sources of funds and covenants
SOURCES OF FUNDS AND COVENANTS ▪ Diversified and secure sources of financing • Debt mainly held by GL events • Bonds representing 22% of total debt • RCF drawdown limited to €25m at 30 June 2024 • Fixed-rate or hedged debt over 66% (additional hedging operations for €95m) ▪ Relaunch of the NEU CP fi
Slide 35: Debt based on long-term contracts
DEBT BASED ON LONG-TERM CONTRACTS ▪ Concession agreements with operating terms sufficiently long Venues under management & remaining contractual terms to obtain a return of capital expenditures for construction and Matmut Stadium 54 yrs. renovation Rio Centro 32 yrs. ▪ Percentage of debt represented
Slide 36: Outlook
OUTLOOK H1 2024 RESULTS / 05 SEPTEMBER 2024 36
Slide 37: Outlook
OUTLOOK ▪ GL events revises upwards its revenue target for 2024 with growth expected to exceed 9% (vs. 7%) ▪ The other key indicators retained by the Group remain unchanged: • CAPEX: 115m (renovation of the Anhembi events centre and installations for the Paris 2024 Olympic Games) • Stable net debt a
Slide 38: Appendices
APPENDICES H1 2024 RESULTS / 05 SEPTEMBER 2024 38
Slide 39: Non-financial ratings and certifications
NON-FINANCIAL RATINGS AND CERTIFICATIONS • 60% of the VENUES division's revenue covered by ISO 20121 certified sites • 30% of the LIVE division's revenue covered by ISO 20121 and/or 14001 and/or 9001 certified entities • ISO 20121: 2024 - Group participation in the international revision of the stan
Slide 40: Appendices: full IFRS balance sheet and P&L
APPENDICES ▪ FULL IFRS BALANCE SHEET (IFRS 16 & IAS 29) ▪ FULL IFRS P&L (IFRS 16 & IAS 29) Impact IFRS 16 30/06/2024 IFRS 16 & IA S 30/06/2024 €m 30/06/2024 €m 30/06/2024 29 im pact (Full IFRS ) & IAS 29 Full IFRS Revenue 821 0 820 Goodwi l l 827 4 830 Purcha s es a nd externa l cha rges -517 30 -48
Slide 41: Appendices: shareholder structure
APPENDICES ▪ Shareholder structure at 31 July 2024 Own shares; ▪ Number of shares: 29,982,787 (at 31/07/2024) ▪ LEI: 9695002PXZMQNBPY2P44 ▪ ISIN code: FR0000066672 ▪ SYMBOL: GLO ▪ Main index: CAC All shares ▪ Market: COMPARTMENT B (mid-caps) (EURONEXT PARIS) ▪ Eligibility for French Personal Equity
Slide 42: GL events 2024 Half-Year Results
GL EVENTS 2024 HALF-YEAR RESULTS 5 SEPTEMBER 2024 H1 2024 RESULTS / 05 SEPTEMBER 2024 42