Canal+ Sa · LSE:CAN
Canal+ Sa — Investor Presentation (December 2025)
16 slides from Canal+ Sa's investor presentation, December 2025
Slide 1: Objectifs : •Fournir un : accès simple et direct aux documents financiers relatifs à
Objectifs : •Fournir Contenus un:accès simple et direct aux documents financiers relatifs à la dette. •Page •Type debilingue : français contenus et anglais. : Documents à uploader directement (PDF, Excel, etc.). Fonctionnalités •Interface : Deuxsouhaitées •Sectionssimilaire sections : à « INFORMATIO
Slide 2: Ambition: Top 5 global media & entertainment player and #1 non-US
2 Ý AMBITION TOP 5 GLOBAL MEDIA & ENTERTAINMENT PLAYER AND THE #1 NON -US
Slide 3: A global leader in media and entertainment
Ý: A GLOBAL LEADER 1 IN MEDIA AND ENTERTAINMENT WIDEST LEADING, GLOBAL 70 COUNTRIES 40 M DISTRIBUTION BROADCASTER #1 PAY TV IN MULTIPLE KEY SUBSCRIBERS MARKETS CABLE DTH IPTV OTT 4G & 5G AGGREGATION STRONG DIGITAL 1BN+ 400 M+ MONTHLY ACTIVE USERS OFFERING ANNUAL TECH INVESTMENT P REMIUM SPORTS POWER
Slide 4: Deeply embedded in growth markets
Ý: DEEPLY EMBEDDED IN GROWTH MARKETS AFRICA EUROPE 1,200 M 10 YEARS INHABITANTS OF SUBSCRIBER GROWTH IN FRANCE 25.8 M + 800 M BY 2050 #1 PAYTV 4.5 % PROVIDER IN KEY MARKETS ANNUAL GDP GROWTH 2024 -2028 51 % 71 % PENETRATION OF PAY -TV ELECTRIFICATION AND SVOD OFFERS. RATE UP FROM 35% IN 2017 30 + YE
Slide 5: Strategic and financial priorities generate profitable growth
STRATEGIC AND FINANCIAL PRIORITIES GENERATE PROFITABLE GROWTH AND CASH ON ALL ACTIVITIES BUILD THE BEST EXTEND OUR GROW GLOBAL AND LOCAL DISTRIBUTION OUR SCALE CONTENT VALUE THROUGH PROPOSITION INNOVATION AND STRATEGIC PARTNERSHIPS
Slide 6: 1. Generate profitable growth and cash on all activities
STRATEGIC AND FINANCIAL PRIORITIES 1. GENERATE PROFITABLE GROWTH AND CASH ON ALL ACTIVITIES FOCUS ON PROFITABLE CONTRACTS, ACTIVITIES AND RETAIL CUSTOMER SEGMENTS IMPROVE PROFITABILITY OF EUROPE SEGMENT THROUGH COST REDUCTIONS MATERIALLY IMPROVE CASH GENERATION
Slide 7: A cash-flow optimisation plan successfully launched
A CASH -FLOW OPTIMISATION PLAN SUCCESSFULLY LAUNCHED CHANGES IN REDUCTION IMPROVEMENT OF IMPROVEMENT OPTIMISATION MANAGEMENT OF EXPENSES WORKING CAPITAL OF THE TAX OF FINANCING REMUNERATION FRAMEWORK
Slide 8: 2. Build the best global and local content value proposition
STRATEGIC AND FINANCIAL PRIORITIES 2. BUILD THE BEST GLOBAL AND LOCAL CONTENT VALUE PROPOSITION STUDIOCANAL AGGREGATION Paddington movie franchise: $700M Animated series New West -End Musical Merchandising – dedicated stores $ 136 M $ 72 M ▪ C.80 FILMS financed and distributed annually ▪ Original fi
Slide 9: 3. Extend distribution through innovative and strategic partnerships
STRATEGIC AND FINANCIAL PRIORITIES 3. EXTEND Ý DISTRIBUTION THROUGH INNOVATIVE AND STRATEGIC PARTNERSHIPS TECHNOLOGIES TV PARTNERSHIPS NEW ENVIRONMENTS IPTV CABLE OTT DTH IOS & ANDROID
Slide 10: 4. Grow our scale
STRATEGIC AND FINANCIAL PRIORITIES ≈ 50 -100 M 4. GROW OUR SCALE TARGET SUBSCRIBERS 15M SUBSCRIBERS 4.8 M SUBSCRIBERS 37.3% 29.3% 2nd largestshareholder Largest shareholder PATH TO CONTROL 2025 2024 2022 ≈ 40 M SUBSCRIBERS 2016 2019 ≈ 27 M SUBSCRIBERS 2015 ≈ 20 M ≈ 25 M SUBSCRIBERS 11 M ≈ 15 M SUBSC
Slide 11: A unique value creation opportunity
A UNIQUE VALUE CREATION OPPORTUNITY COMBINED FOOTPRINT MULTICHOICE BRANDS AND RIGHTS PREMIUM SPORTS THIRD PARTY LOCAL BRANDS ▪ Booming long -term macroeconomic tailwinds ▪ Creation of the leading media & entertainment player in Africa with 40 million + subscribers ▪ Significant synergies across the
Slide 12: Canal+ and MultiChoice Group synergies opportunity
Ý AND MULTICHOICE GROUP SYNERGIES OPPORTUNITY SIGNIFICANT NUMBER TRANSVERSAL HIGH SYNERGY OF STRATEGIC FUNCTION POTENTIAL INITIATIVES WORKSTREAMS ADJACENCIES PLATFORMS 1 PROCUREMENT PRODUCTION 17 PROPERTY IRDETO (CYBERSECURITY X CULTURE & CHANGE 10 INFRASTRUCTURE & TOOLS 21 MULTICHOICE) A MANAGEMENT
Slide 13: H1 25: on track to deliver upgraded guidance for FY25
H1 25: ON TRACK TO DELIVER UPGRADED GUIDANCE FOR FY25 REVENUE EBITA 1 CFFO € 3,086 M H 1 25 RESULTS 2 25.8 + 0.9 % M € 246 M € 416 M ORGANIC GROWTH ORGANIC FY25 GUIDANCE 2 € 515 M € 500 M+ GROWTH Q3 25 UPDATE REVENUE: 4,684 M GUIDANCE CONFIRMED 2 : REVENUE, EBITA, CFFO & FCF 1. Before exceptional it
Slide 14: Revenue for the first nine months of 2025
7 REVENUE FOR THE FIRST NINE MONTHS OF 2025 NINE MONTHS ENDED 30 SEPTEMBER REVENUE (in millions of euros) 2025 2024 % reported % organic * % LFL ** Europe 3,411 3,544 -3.8% +1.0% -4.3% Africa & Asia 783 779 +0.5% +0.5% +1.3% Content Production, Distribution and Other 485 482 +0.7% +0.7% -0.2% Élimin
Slide 15: New ESG strategy announced
1 8 NEW ESG STRATEGY ANNOUNCED ESG Framework approved by the Supervisory Board Clear objectives for each pillar in line with E, S and G Clear KPIs to underpin each pillar – main KPIs already defined Flexible, designed to integrate MultiChoice once the proposed transaction has closed Target setting t
Slide 16: New ESG strategy at the core of our operations
NEW ESG STRATEGY AT THE CORE OF OUR OPERATIONS ENVIRONMENT SOCIAL SOCIETAL Reducing Fostering Enabling access to carbon emissions the next generation of creative empowering and inspiring across the value chain talent content Protecting and supporting the business with robust GOVERNANCE