Vivendi Se · EURONEXT:VIV
Vivendi — FY 2024 Earnings Presentation
23 slides from Vivendi's earnings presentation, Mar 6, 2025
Slide 1: FY 2024 Results
MARCH 6, 2025 FY 2024 RESULTS IMPORTANT NOTICE: Utiliserresults Financial la bibliothèque UpSlide for the year endedpour insérer31, December une2024 notice Audited and prepared in compliance with IFRS Investors are strongly advised to read the important disclaimers at the end of this presentation
Slide 2: Summary
SUMMARY 01 FY 2024 Key Highlights 3 02 FY 2024 Financial Performance 6 03 Portfolio of assets 8 04 Income Statement 15 05 Conclusion 18 06 Appendices 20
Slide 3: FY 2024 Key Highlights
Chairman of the Management Board Chief Executive Officer 01 FY 2024 Key Highlights Arnaud de Puyfontaine Chairman of the Management Board Chief Executive Officer
Slide 4: 2024: A Year of Profound Transformation for Vivendi
01. FY 2024 Key Highlights 2024: A YEAR OF PROFOUND TRANSFORMATION FOR VIVENDI • Asset spin-off/distribution operation: Canal+, Louis Hachette Group and Havas. • The Vivendi Group is now composed of: • A portfolio of listed financial assets, • An operational asset with the Gameloft group. • The valu
Slide 5: Share Price Evolution
01. FY 2024 Key Highlights SHARE PRICE EVOLUTION FROM JANUARY 1, 2025 TO MARCH 3, 2025 120,0 115,0 + 15 % 110,0 + 11 % 105,0 100,0 95,0 90,0 31/12/2024 05/01/2025 10/01/2025 15/01/2025 20/01/2025 25/01/2025 30/01/2025 04/02/2025 09/02/2025 14/02/2025 19/02/2025 24/02/2025 01/03/2025 06/03/2025 Viven
Slide 6: FY 2024 Financial Performance
Chairman of the Management Board Chief Executive Officer 02 FY 2024 Financial Performance François Laroze Member of the Management Board Chief Financial Officer
Slide 7: 2024 Key Figures
02. FY 2024 Financial Performance 2024 KEY FIGURES In €m FY 2024 FY 2023 Portfolio of assets 7,121 7,384 Net asset value (NAV) 4,829 5,636 NAV per share (€) 1 4.69 5.47 Financial net debt (2,072)2 (2,839) Revenues 297 312 EBITA (1) (33) Adjusted net income 111 336 Net earnings, Group share (6,004) 4
Slide 8: Portfolio of assets
03 Portfolio of assets vivendi
Slide 9: Investment Portfolio - Listed Companies
03. Portfolio of assets INVESTMENT PORTFOLIO - LISTED COMPANIES (1) 9.94% 23.75%2 19.78%3 19.21%4 1.04% 11.87% 4,73%5 • Strategic investment • Investment in Italy’s • Investment in the • Investment in the • Investment in the • Investment in the • Investment in a to remain leading telecom European le
Slide 10: Investments in Listed Companies and Dividends Received
03. Portfolio of assets INVESTMENTS IN LISTED COMPANIES AND DIVIDENDS RECEIVED In euro millions December 31, 2024 Number of shares Ownership Average purchase Stock market price (1) Market Value held (m) interest (%) price (€/share) (€/share) UMG (Equity affiliate - Operating) 182 9.94% 23.29 24.72 4
Slide 11: Gameloft
03. Portfolio of assets GAMELOFT Key figures D organic 2024 2023 D (%) in euro millions (%) PC/Consoles 124 113 +9.6% +9.7% Mobile 148 173 -14.3% -13.6% BtoB 21 25 -15.2% -15.2% Revenues 293 311 -5.7% -5.2% EBITA 8 5 +56.9% +63.3% Revenue by geographic area 2024 North America 131 138 North America 4
Slide 12: Net Asset Value
03. Portfolio of assets NET ASSET VALUE In euro millions | Dec. 31 2024 2023 % of Gross Asset % of Gross Asset Valuation Method Value Value Value Value Listed companies Stock market price 6,887 88.4% 7,009 80.1% Universal Music Group (9.94 %) 4,494 57.7% 4,692 53.6% Telecom Italia (17.04 %) 898 11.5
Slide 13: Financial Net Debt Evolution
03. Portfolio of assets FINANCIAL NET DEBT EVOLUTION (In €M) +501 -2,072 +308 +971 +42 -115 -2,839 -389 +46 -343 -254 Net debt CFFO Divestitures Financial Acquisition Share Dividends Interest, taxes Discontinued Loan to Adjusted net as of incl. sale of investments* of Lagardère Buyback paid and othe
Slide 14: Financial Net Debt Situation and Loan to Value
03. Portfolio of assets FINANCIAL NET DEBT SITUATION AND LOAN TO VALUE Dec. 31, 2023 Dec. 31, 2023 Dec. 31, 2024 (1) In euro millions (Restated) (Published) Gross cash position 74 1,053 2,178 Margin loans (2,000) - - Bonds - (2,743) (4,050) Short term marketable securities (450) - (561) Schuldshein
Slide 15: Income Statement
04 Income Statement vivendi
Slide 16: FY 2024 Revenues and EBITA by Business Unit
04. Income Statement FY 2024 REVENUES AND EBITA BY BUSINESS UNIT D organic 2024 2023 D (%) In euro millions (%) Gameloft 293 311 -5.7% -5.2% Other 4 1 Intercompany eliminations - - Total Vivendi Revenue 297 312 -4.9% -5.2% Gameloft 8 5 +56.9% +63.3% Corporate (126) (130) Vivendi's share of UMG's ear
Slide 17: 2024 Income Statement
04. Income Statement 2024 INCOME STATEMENT 2024 2023 D (%) In euro millions Revenues 297 312 -4.9% Earnings from equity affiliates - operating (UMG) 122 94 EBITA (1) (33) +96.7% Amortization and depreciation of intangible assets acquired through business combinations (*) (167) (28) Settlement agreem
Slide 18: Conclusion
05 Conclusion vivendi
Slide 19: Conclusion
05. Conclusion CONCLUSION ▪ 2024 results were impacted by the spin-off of the Group into four entities, effective December 13, 2024. ▪ 2025 Q1 revenues will be released on April 28, 2025. ▪ Proposed Ordinary dividend at the AGM on April 28, 2025: ▪ €0.04 per share with respect to fiscal year 2024. ▪
Slide 20: Appendices
06 Appendices vivendi
Slide 21: Reconciliations
06. Appendices RECONCILIATIONS EBIT – EBITA - EBITDA Earnings attributable to Vivendi shareowners to ANI in euro millions 2024 2023 in euro millions 2024 2023 EBIT (264) (61) Earnings attributable to Vivendi shareowners (6,004) 405 Amortization and depreciation of intangible assets acquired through
Slide 22: Important Legal Disclaimer
06. Appendices IMPORTANT LEGAL DISCLAIMER 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, including the impact of certain transactio
Slide 23: Glossary
06. Appendices 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. Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Moreover, it