Slide 1: 9M 2024 Results
9M 2024 RESULTS 30 OCTOBER 2024 Koh Lanta – La Tribu Maudite
Slide 2: Disclaimer
DISCLAIMER This presentation contains rounded figures and contains forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, but are not limited to: financial projections, forecasts and estimates and their un
Slide 3: Agenda
1 BUSINESS REVIEW P.5 2 FINANCIALS P.10 3 OUTLOOK P.15 Q&A Brocéliande 4 P.18 9M 2024 FINANCIAL RESULTS 3
Slide 4: 9M Highlights
9M HIGHLIGHTS ADVERTISING REVENUE GROWTH GROWTH IN LINEAR CONTINUED STRONG IN LINEAR AND STREAMING ADVERTISING MOMENTUM FOR STABLE AUDIENCE SHARES Group advertising revenue Linear advertising revenue Digital advertising revenue despite France Televisions’ coverage of the Paris Olympics +4.5% +2.2% +
Slide 5: Business Review
1 BUSINESS REVIEW HPI 9M 2024 FINANCIAL RESULTS 5
Slide 6: Leadership maintained on commercial targets over nine months
LEADERSHIP MAINTAINED ON COMMERCIAL TARGETS OVER NINE MONTHS UNRIVALLED DAILY REACH SIGNIFICANT GAP WITH MAIN COMPETITOR 78% 33.0 W<50PDM +9.6 pts vs main competitor 53% 22.3 12.7 11.0 32% 4.4 4.0 3.5 3.4 2.5 2.4 2.1 1.9 0.4 0.4 18% TF1 M6 F2 TMC W9 F3 TFX TF1SF 6ter Gulli F5 LCI F.info -0.3 -0.6 -1
Slide 7: Solid line-up in 2024, performing well both in linear and in streaming
SOLID LINE-UP IN 2024, PERFORMING WELL BOTH IN LINEAR AND IN STREAMING SOLID POSITION ON ALL DAY-PARTS VIRTUOUS LINEAR & STREAMING STRATEGY 25-49 Y/O LINEAR NON-LINEAR* Average audience share at end-September 2024 80% 20% +7 pts yoy 7:30pm 9:30am 1:40pm 2pm 6:45pm 8pm 9pm 11pm Daily soaps 55% 45% Un
Slide 8: Delivering on the roadmap
DELIVERING ON THE ROADMAP PROGRESS ON ALL BUILDING BLOCKS Current focus Awareness Visibility Consumption Ad Inventories CPM MILESTONES ANNOUNCED DURING Q3 Aggregation strategy Expansion in French-speaking countries End June 2024 End 2024 ~18,000 hours 5 partnerships ~25,000 hours June September of c
Slide 9: Nine-month highlights: Newen Studios
NINE-MONTH HIGHLIGHTS Revenue of €191.8m in 9M 2024, with activity mostly skewed to Q4; COPA of €6.9m KEY ACHIEVEMENTS Q3 DELIVERIES Q4 DELIVERIES Historical Strengthening synergies Closing of the acquisition of records for Newdaily soaps talents with Media segment Johnson Production Group* joining
Slide 10: Financials
2 FINANCIALS 9M 2024 FINANCIAL RESULTS 10 Koh Lanta – La Tribu Maudite
Slide 11: Consolidated revenue per segment
CONSOLIDATED REVENUE PER SEGMENT MEDIA Advertising revenue in Q3 close to (€m) Q3 2024 Q3 2023 CHANGE 9M 2024 9M 2023 CHANGE 2023 level Linear ad revenue: MEDIA 415.6 445.2 (6.6%) 1 ,399.1 1 ,349.6 3.7% - Steady during the summer despite the Paris 2024 Olympic Games on FTV ADVERTISING REVENUE 345.2
Slide 12: Current operating profit from activities per segment
CURRENT OPERATING PROFIT FROM ACTIVITIES PER SEGMENT (€m) Q3 2024 Q3 2023 CHANGE 9M 2024 9M 2023 CHANGE MEDIA COPA stable year-on-year, MEDIA 66.1 45.2 46.2% 191.0 191.4 (0.2%) benefiting in Q3 from: O/W PROGRAMMING COSTS (212.5) (225.0) (5.6%) (671.4) (628.9) 6.8% - Disposal of a brand license - De
Slide 13: Consolidated income statement
CONSOLIDATED INCOME STATEMENT (€m) Q3 2024 Q3 2023 CHANGE 9M 2024 9M 2023 CHANGE CONSOLIDATED REVENUE 487.0 509.4 (4.4%) 1, 590.9 1 ,547.5 2.8% PROGRAMMING COSTS (212.5) (225.0) (5.6%) (671.4) (628.9) 6.8% OTHER CHARGES, DEPRECIATION, AMORTISATION AND PROVISIONS (205.4) (232.7) (11.7%) (721.6) (714.
Slide 14: Solid net cash position at end-September 2024
SOLID NET CASH POSITION AT END-SEPTEMBER 2024 Free cash flow before changes in WCR €109.2 million 300.7 (8.4) 505.1 (183.1) (58.7) (72.1) 363.8 €m (119.7) Free cash flow after changes in WCR €50.5 million Opening net cash Operating Lease Net capital Change in Acquisitions Dividends, Closing net cash
Slide 15: Outlook
3 OUTLOOK Cat’s Eyes 9M 2024 FINANCIAL RESULTS 15
Slide 16: Outlook: strong line-up and roadmap
OUTLOOK ROADMAP FOR A STRONG LINE-UP FOR LINEAR AND STREAMING Unlock additional potential from operational optimisation 2 prime-time FRENCH SERIES each week Keep improving awareness, visibility and daily consumption New New Become the first full-funnel digital marketing platform for brands, from awa
Slide 17: Guidance confirmed
GUIDANCE CONFIRMED Despite a more challenging economic environment for the rest of the year GROWTH IN DIGITAL BROADLY STABLE COPA MARGIN AIMING AT A GROWING DIVIDEND POLICY 9M 2024 FINANCIAL RESULTS 17
Slide 18: Le nouveau streaming gratuit
LE NOUVEAU STREAMING GRATUIT 9M 2024 FINANCIAL RESULTS 18