Louis Hachette Group Sa · EURONEXT:ALHG
Louis Hachette Group Sa — FY2024 Earnings Presentation
24 slides from Louis Hachette Group Sa's earnings presentation, Feb 13, 2025
Slide 1: Full-Year 2024 Results
FULL-YEAR 13 February 2025 2024 RESULTS
Slide 2: Introduction
Introduction LOUIS HACHETTE GROUP
Slide 3: Presentation of Louis Hachette Group structure
Presentation of Louis Hachette Group structure(1) Other ≈ 31% ≈ 69% shareholders Listed on Euronext Growth (Paris) 66.53% 100% Listed on Euronext Paris Other Activities I Full-year 2024 results I 13 February 2025 (1) As of 31 December 2024 3
Slide 4: A clear leader in each of its business lines
A clear leader in each of its business lines • Global leader in consumer book publishing • Global Industry leader in Travel Retail, with a balanced • Worldwide presence with leading positions in its core and diversified offering (Travel Essentials, Duty Free & markets of France, the UK, Spain and th
Slide 5: Lagardère, a leading global player in Publishing and Travel Retail
Lagardère, a leading global player in Publishing and Travel Retail
Slide 6: Lagardère: strong Group performances in 2024
Lagardère: strong Group performances in 2024 (€m) 2023 2024 Change Revenue 8,081 8,942 +8.5%(1) Recurring EBIT(2) 520 593 +14% EBITA(2) 405 498 +23% Free cash flow(2) 261 423 +61% Net debt at end of (2,043) (1,855) year(2/3) Leverage ratio 3.0x 2.4x (1) On a like-for-like basis (2) Alternative Perfo
Slide 7: EBITA reconciliation: from Lagardère to Louis Hachette Group
EBITA reconciliation: from Lagardère to Louis Hachette Group 2023 2024 (€m) 12-month, 12-month, pro forma reported Lagardère EBITA 405 498 IFRS 16 impacts for Lagardère included in opening balance sheet of - -20 Vivendi/LHG Provisions and impairment for Lagardère included in opening balance +47 +16
Slide 8: Prisma Media, a leader in the French magazine and digital media markets
Prisma Media, a leader in the French magazine and digital media markets
Slide 9: 2024 revenue: successful redeployment despite the disposal of Gala
2024 revenue: successful redeployment despite the disposal of Gala Change in revenue (€m) 309 ▪ Change in revenue in 2024 driven mainly by the ongoing strong 299 293 development of the luxury segment through new launches and acquisitions, capturing both print and digital advertising and partially of
Slide 10: 2024 EBITA: a transition year impacted by the change in scope and one-offs
2024 EBITA: a transition year impacted by the change in scope and one-offs Change in EBITA (€m) 28 20 13 ▪ 2024 EBITA impacted by scope adjustments, positive non- recurring items in 2023 and restructuring costs 2023 2023 2024 at constant scope (1) I Full-year 2024 results I 13 February 2025 (1) Incl
Slide 11: Full-year 2024 financial information
Full-year 2024 financial information
Slide 12: Key financial information
Key financial information 2023 2024 12-month, 12-month, pro forma reported Total Louis Total Prisma Prisma (€m) Lagardère Louis Hachette Lagardère Hachette Louis Hachette Media Media Group Holding Group Revenue 8,081 309 8,390 8,942 293 - 9,235 EBITA(1) 462 28 490 498 13 (1) 510 Free cash flow(1) 27
Slide 13: Conclusion
Conclusion ▪ The Board of Directors has decided to propose to the Annual General Meeting of 29 April 2025 an ordinary dividend of €0.06 per share for 2024. The ex-dividend date is expected to be 6 May 2025, with a payment date as from 9 May 2025 ▪ After a solid performance in 2024, Louis Hachette Gr
Slide 14: Appendix
Appendix LOUIS HACHETTE GROUP
Slide 15: Revenue analysis
Revenue analysis 2023 2024 Like for like (€m) 12-month, 12-month, Change (%) change (%) pro forma reported Lagardère Publishing 2,809 2,873 +2.2% +1.9% Lagardère Travel Retail 5,018 5,812 +15.8% +12.5% Other Activities 254 257 +1.3% +0.2% Lagardère 8,081 8,942 +10.6% +8.5% Prisma Media 309 293 -5.4%
Slide 16: EBITA reconciliation
EBITA reconciliation* 2023 2024 12-month, pro forma 12-month, reported Lagardère Lagardère Lagardère Other Lagardère Other (€m) Travel Total Travel Total Publishing Activities Publishing Activities Retail Retail Lagardère EBITA as published by Lagardère 219 241 (55) 405 295 258 (55) 498 IFRS 16 impa
Slide 17: Recurring EBIT to EBITA reconciliation
Recurring EBIT to EBITA reconciliation 2023 2024 (€m) 12-month, 12-month, proforma reported Recurring EBIT 549 603 Income (loss) from equity-accounted companies -1 +4 Restructuring costs -44 -70 Gains (losses) on disposals on PP&E and intangible assets -1 -1 Impairment losses on PP&E and intangible
Slide 18: P&L
P&L 2023 2024 (€m) 12-month, 12-month, pro forma reported Revenue 8,390 9,235 EBITA(1) 490 510 Gains and losses on disposal of assets (4) 41 Impairment losses on goodwill, intangible and tangible assets (7) - IFRS 16 impact on concession agreements and lease modifications 50 47 Amortisation of intan
Slide 19: Adjusted P&L
Adjusted P&L 2023 2024 (€m) 12-month, 12-month, pro forma reported Revenue 8,390 9,235 EBITA(1) 490 510 (-) Restructuring costs +44 +70 (-) Impairment losses on PP&E and intangible +12 +25 assets (-) Gains and losses on disposal of PP&E and +2 +2 intangible assets + Finance costs, net (99) (149) + I
Slide 20: Balance sheet
Balance sheet (€m) 31 Dec. 2023 31 Dec. 2024 Non-current assets 9,135 9,068 Investments in equity-accounted 148 150 Companies Current assets 2,734 2,735 Short-term investments and cash 508 422 TOTAL ASSETS 12,525 12,375 Total equity 2,828 2,976 Non-current liabilities and put options 3,493 3,555 Non
Slide 21: Cash flow statement
Cash flow statement 2023 2024 (€m) 12-month, 12-month, pro forma reported Cash flow from operations before changes in working capital 644 786 Changes in working capital (25) 20 Income taxes paid (82) (91) Capex (269) (294) Free cash flow(1) 268 421 Purchases of investments (390) (76) Disposals of in
Slide 22: Disclaimer
Disclaimer By reading this presentation, you agree to be bound by the following limitations and qualifications: This presentation is for information purposes only and does not constitute an offer or solicitation for the sale or purchase of any securities, any part of the business or assets described
Slide 23: Glossary (1/2)
Glossary (1/2) ▪ The like-for-like change in revenue is calculated by comparing: • 2024 and 2023 revenue based on 2023 exchange rates • 2024 revenue to exclude companies consolidated for the first time during the period, and 2023 revenue to exclude companies divested in 2024 ▪ Louis Hachette Group's
Slide 24: Glossary (2/2)
Glossary (2/2) ▪ Adjusted profit – Group share is calculated on the basis of profit for the period, excluding non-recurring/non-operating items, net of the related tax and of minority interests, as follows: Profit for the year excluding: • Gains (losses) on disposals of assets • Impairment losses on