Roularta Media Group Nv · EURONEXT:ROU
Roularta Media Group Nv — H1 2024 Earnings Presentation
22 slides from Roularta Media Group Nv's earnings presentation, Aug 14, 2024
Slide 1: Results 1H 2024
Results 1H 2024 Brussels, 14 August 2024
Slide 2: Key facts 1H24
Key facts 1H24 2
Slide 3: 1H24 Key Facts
1H24 KEY FACTS Sales 1H24 of € 159,5m Stable versus last year (€ +0,1m); however important differences : Advertising stable – but with important differences between BU’s Readers market € +3,4m => thanks to the acquisition of the new brands (Happinez, Yoga, Psychologie, Flow) Miscellaneous
Slide 4: 1H24 Key Facts: Mediafin, M&A and other
1H24 KEY FACTS Mediafin’s 1H24 sales € 1,9m better YoY or +4,9% - mainly in the reader’s market, but also in advertising. Mediafin has a € 9,7m stand-alone 1H24 EBITDA (IFRS) and a € 3,4 m net result (100%), after amortizations of the brands De Tijd/L’Echo. A 50% net result of € 1,7m is accounte
Slide 5: Sales 1H 2024
Sales 1H 2024 5
Slide 6: Sales analysis – consolidated sales per kind of revenue
Sales 1H 24 Sales analysis – consolidated sales per kind of revenue Actual 1H24 € 159,5 m (*) Actual 1H23 € 159,4 m (*) split for line extensions is slightly different than last year’s presentation 6 as revenue allocation can now be done more accurately since this year. All pie charts are on a compa
Slide 7: Sales analysis – consolidated sales per business unit
Sales 1H 24 Sales analysis – consolidated sales per business unit Actual 1H24 € 159,5 m Actual 1H23 (*) € 159,4 m (*) 2023 figures are restated for printing revenues. Printing revenue includes now all external revenue only of the Printing 7 Services segment. Previously, it included all external prin
Slide 8: Results 1H 2024
Results 1H 2024 8
Slide 9: Consolidated results 1H24 - Key figures
Results 1H 24 Consolidated results 1H24 - KEY FIGURES in millions of euros 1H24 1H23 Trend Trend (%) INCOME STATEMENT Sales 159,5 159,4 0,1 + 0,1% Adjusted sales (1) 153,4 159,4 -6,0 - 3,8% EBITDA (2) 11,4 8,4 3,1 + 36,5% EBITDA - margin 7,2% 5,3% (3) EBIT 1,6 -0,5 2,0 + 440,7% EBIT - margin 1,0% -0
Slide 10: Waterfall EBITDA consolidated actuals 1H23 versus 1H24
Results 1H 24 Waterfall EBITDA CONSOLIDATED actuals 1H23 versus 1H24 (in € m) Last year : Infobase Approx same sales but reversal of € 3,4m Gain buildings higher gross profit margin thanks to lower Readers’market new Bankruptcy customer paper & aux materials brands Happinez, (0,6m€) loss of printing
Slide 11: Capex & depreciations
Results 1H 24 Capex & depreciations Brands includes an addition of the Flow brand (acquired Dec23). Capex Consolidated (€ m) 1H24 1H23 Software includes the optimization of the Mijn Magazines app and the multimedia editorial system + a new ERP system for printing Brands & Customer list 0,1 0,0
Slide 12: Consolidated cash flow statement
Results 1H 24 Consolidated cash flow statement Consolidated cash flow statement (in thousands of euros) 1H24 1H23 Net cash flow relating to operating activities (A) 10.580 -1.095 Net cash flow relating to investing activities (B) -3.863 -6.957 Net cash flow relating to financing activities (C) -6.49
Slide 13: Consolidated Balance Sheet (assets)
Results 1H 24 Consolidated Balance Sheet - Software capex + € 3,3m - Regular depreciations of € - 5,7m ASSETS (in thousands of euros) 30/06/24 31/12/23 Trend NON-CURRENT ASSETS 217.521 223.272 -5.752 Goodwill 9.852 9.852 - Additions regular capex € 2,8m Intangible assets 83.212 85.686 -2.474 - IFRS
Slide 14: Consolidated Balance Sheet (liabilities)
Results 1H 24 Consolidated Balance Sheet LIABILITIES (in thousands of euros) 30/06/24 31/12/23 Trend Capital increase in the context of the optional dividend (total of EQUITY 214.484 216.774 -2.291 € 7,2m) Group's equity 214.825 217.003 -2.178 Issued capital 84.816 80.000 4.816 1.100 options exercis
Slide 15: Expectations
Expectations 15
Slide 16: Expectations
Expectations Given the uncertain economic context and the budgetary restrictions that continue to confront advertisers, a certain amount of pressure on advertising income should be taken into account in the second half of the year. This income remains quite volatile and unpredictable. We expect
Slide 17: Questions?
Questions ? Meiboomlaan 33, 8800 Roeselare, www.roularta.be
Slide 18: Appendix
Appendix 18
Slide 19: Total turnover and EBITDA by year
100.000 90.000 80.000 70.000 60.000 50.000 Total Turnover (k€) uisiti ai a2 a3 a4 —O— 2017 —O— 2018 —8—= 2019 == 2020 2021 2022 em 2023 eee 2024 EBITDA (k€) O— 2017 —O— 2018 =O = 2019 == 2020 2021 =O — 2022 —O— 2023 —O— 2024 19
Slide 20: Segment reporting YTD 1H24 key figures
Results 1H24 Segment reporting YTD 1H24 KEY FIGURES MEDIA BRANDS ACT 1H24 ACT 1H23 Trend Trend % SALES 145,1 141,3 3,8 2,7% Sales to external customers 144,8 141,3 3,5 2,5% Sales from transactions with other segments 0,3 0,0 0,3 #DIV/0! Gross margin 114,1 108,4 5,7 5,3% % on sales 78,7% 76,7% 1,9% P
Slide 21: Consolidated results 1H24
Results 1H24 Consolidated results 1H24 (in thousands of euros) 1H24 % of sales 1H23 % of sales Trend Sales 159.521 159.432 89 Own construction capitalised 729 0,5% 1.018 0,6% -289 Raw materials, consumables and goods for resale -27.116 -17,0% -32.561 -20,4% 5.445 Gross Margin 133.133 83,5% 127.888 8
Slide 22: Results Mediafin
appendix Results 1H24 Results Mediafin in €m ACT 1H 2024 ACT 1H 2023 SALES 42,5 40,5 EBITDA (statutory) 8,9 8,5 EBITDA (IFRS) (*) 9,7 9,1 ‘De Tijd/L’Echo’ 1H 2024 EBITDA % of sales (IFRS) 22,8% 22,5% sales: year-on-year from NET RESULT (statutory) 4,7 4,8 average 80.690 to IFRS adjustments (acquired