Vivendi Se · EURONEXT:VIV
Vivendi — Shareholder Meeting (April 2017)
117 slides from Vivendi's shareholder meeting presentation, Apr 25, 2017
Slide 1: Combined General Meeting of Shareholders
Combined General Meeting of Shareholders Paris, Tuesday 25 April 2017
Slide 2: A Clear and Ambitious Strategy
A CLEAR AND AMBITIOUS STRATEGY Vincent Bolloré Chairman of the Supervisory Board
Slide 3: Presentation of 2016 Financials
PRESENTATION OF 2016 FINANCIALS Hervé Philippe Chief Financial Officer
Slide 4: 2016 Key Results
2016 KEY RESULTS In euro millions 2016 % change % underlying change* Revenues 10 819 + 0.5 % - 0.2 % EBITA 724 - 23.2 % - 21.5 % EBIT 1 194 - 2.9 % Net income from operations** 1 236 + 77.0 % Net cash position 1 068 vs. 6 422 end of 2015 *At constant perimeter and constant currency **Group share COM
Slide 5: Revenues
REVENUES In euro millions 2015 2016 Change Constant currency Universal Music Group 5 108 5 267 + 3.1 % + 4.4 % Canal+ Group 5 513 5 253 - 4.7 % - 4.2 % Gameloft - 132 na na Vivendi Village 100 111 + 10.9 % + 3.8 % New initiatives 43 103 x 2.4 + 51.6 % Intercompany Elimination (2) (47) TOTAL VIVENDI
Slide 6: Consolidated Profit and Loss (IFRS)
CONSOLIDATED PROFIT AND LOSS (IFRS) En millions d’euros - IFRS 2015 2016 % Revenues 10 762 10 819 + 0.5 % Income from operations 1 061 853 - 19.6 % EBITA 942 724 - 23.2% Amortization and depreciation on intangible assets acquired through business (411) (246) combinations Other income & charges 700 7
Slide 7: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET December 31, December 31, December 31, December 31, Assets Equity and Liabilities 2015 2016 2015 2016 Goodwill 10 177 10 987 Consolidated equity (*) 21 086 19 612 Intangible and tangible assets 4 335 4 204 Provisions 3 042 2 141 Working capital requirements and Financial i
Slide 8: Net Cash at Year-End 2016
NET CASH AT YEAR-END 2016 In euro billions Including Including Including • Interest paid: -40M€ • 5.7% of Activision • Telecom Italia: -0,6Md€ • Taxes paid: -271M€ Blizzard: 1,5 Md€* • Mediaset: -1,3Md€ • Liberty Media: 0,3Md€ • Ubisoft -0,4Md€ • Gameloft: -0,5Md€ • Banijay Group: -0,3Md€ • Fnac: -0
Slide 9: UMG: Return to Growth & Continuous Profitability
UMG: RETURN TO GROWTH & CONTINUOUS PROFITABILITY Revenue* Significant increase of the streaming and subscription revenue (in euro million) (in euro million) * Constant perimeter and constant currency COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 9 April 2017
Slide 10: Canal+ Group: Transformation in France & Continuous Growth Abroad
CANAL+ GROUP: TRANSFORMATION IN FRANCE & CONTINUOUS GROWTH ABROAD Individual subscribers base Revenue splitper activity Strong growth in Africa (in euro million) (in euro million) (in euro million) ASSEMBLÉE GÉNÉRALE MIXTE – PARIS, mardi 25 avril 2017 10
Slide 11: Gameloft: Successful Integration
GAMELOFT: SUCCESSFUL INTEGRATION Revenue Chiffre d’Affaires (millions d’euros) PartAdvertising revenuepublicitaire du Chiffre d’Affaires share EBITA EBITA (millions d’euros) (in euro million) +6%* 129 132 3% 8% 7 H2 2015 H2 2016 H2 2015 H2 2016 -3 H2 2015 H2 2016 COMBINED GENERAL MEETING OF SHAREHOL
Slide 12: Vivendi Village and New Initiatives
VIVENDI VILLAGE AND NEW INITIATIVES % * Constant perimeter In euro millions 2015 2016 and constant currency VIVENDI VILLAGE Revenues 100 111 + 3.8 % EBITA 9 -9 na NEW INITIATIVES Revenues 43 103 + 51.6 % EBITA -20 - 56 na COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 12 April 2017 12
Slide 13: Statutory Financial Statements Vivendi SA
STATUTORY FINANCIAL STATEMENTS VIVENDI SA
Slide 14: Balance Sheet 2016
BALANCE SHEET 2016 ASSETS (In euro millions) December 31, 2016 EQUITY AND LIABILITIES (in euro millions) December 31, 2016 Long term investments 20 192 Share capital 7 079 Additional paid-in-capital 9 052 Reserves 753 Retained earnings 361 Earnings of the year 1 610 Equity 18 855 Receivables 2 699 P
Slide 15: Statement of Earnings
STATEMENT OF EARNINGS In euro millions 2015 2016 Operating income 47 66 Operating expenses - 173 - 176 Loss from operations - 126 - 110 Financial income 776 977 Financial provisions - 56 - 260 Other financial results 16 145 Financial income 736 862 Exceptional income from capital transactions and re
Slide 16: Allocation of Earnings
ALLOCATION OF EARNINGS
Slide 17: Allocation of 2016 Earnings
ALLOCATION OF 2016 EARNINGS Proposal to Annual General Shareholders’ Meeting of an ordinary dividend of €0.40 in respect of fiscal year 2016 Distributable earnings Retained earnings 361 356 325,32 2016 earnings 1 609 534 857,01 TOTAL 1 970 891 182,33 Allocation Legal Reserve - Other Reserves - Total
Slide 18: Work Done by the Audit Committee
WORK DONE BY THE AUDIT COMMITTEE Cathia Lawson-Hall Chairman of the Audit Committee
Slide 19: A Revamped Audit Committee
A REVAMPED AUDIT COMMITTEE 4 meetings 6 members per year, attended by the statutory auditors including 4 independent members: Periodic meetings organised by the Chairman of the Committee Cathia Lawson-Hall Pascal Cagni Yannick Bolloré Alexandre de Juniac Development of an annual Nathalie Bricault Ka
Slide 20: A Busy Year
A BUSY YEAR Successful integration of Gameloft in terms of reporting and internal control Competitive bidding procedure for the replacement of our Statutory Auditors Creation of a Risk Management Committee Monitoring of the indebtedness and cash position Involvement of the Audit Committee in CSR iss
Slide 21: Our Tasks for 2017
OUR TASKS FOR 2017 Establishment of a code of conduct (Sapin 2) Monitoring of changes in the Group’s consolidation scope Change of one of our two Statutory Auditors Continue holding ad-hoc sessions dedicated to impairment, risks management, debt, retirement commitments COMBINED GENERAL MEETING OF SH
Slide 22: Corporate Governance, Nominations and Remuneration Committee
CORPORATE GOVERNANCE, NOMINATIONS AND REMUNERATION COMMITTEE Philippe Bénacin Vice-Chairman of Vivendi's Supervisory Board
Slide 23: Remuneration Policy - Resolutions 11-13 (1/6)
Remuneration policy - Resolutions COMPENSATION POLICY - 1111-13 (1/6) TH AND 13TH RESOLUTIONS (1/6) Vivendi's compensation policy: - is intended to align the compensation of corporate officers as closely as possible with the interests of shareholders, - applies the recommendations of the AFEP/MEDEF
Slide 24: Compensation Policy (2/6)
COMPENSATION POLICY - 11TH AND 13TH RESOLUTIONS (2/6) The policy has two main components: A fixed portion in line with CAC 40 standards, and a variable Demanding quantitative and qualitative objectives for determining portion, which for Management Board members is equal to a target variable compensa
Slide 25: Compensation Policy (3/6)
COMPENSATION POLICY - 11 TH AND 13TH RESOLUTIONS (3/6) Remuneration policy - Resolutions 11-13 (3/6) In 2016, the Supervisory Board, based on proposals made by the Corporate Governance, Nominations and Remuneration Committee, rebalanced the fixed and variable portions of the compensation granted to
Slide 26: Compensation Policy (4/6)
COMPENSATION POLICY COC- Resolutions 11-13 (4/6) - 11 TH AND 13TH RESOLUTIONS (4/6) This rebalancing, which began in 2016 and continued in 2017 (supplemented by the reduction in the number of performance shares granted to each Management Board member) will take full effect in 2017. The decision resu
Slide 27: Compensation Policy (5/6)
COMPENSATION CPolutions 11-13 (5/6) POLICY - 11 TH AND 13TH RESOLUTIONS (5/6) The change in compensation (fixed + variable) of Management Board members in 2017 will be as follows, taking into account each member's level of responsibility: Adding in the value of performances shares, the change for 20
Slide 28: Compensation Policy (6/6)
COMPENSATION POLICY - 11 TH AND 13TH RESOLUTIONS (6/6) Remuneration policy - Resolutions 11-13 (6/6) As regards Supervisory Board members: Maximum annual amount of attendance fees: €1.5 million, unchanged since the Combined General Meeting of Shareholders of 24 April 2008, Payment of attendance fees
Slide 29: Compensation of the Chairman of the Supervisory Board
COMPENSATION OF THE CHAIRMAN OF THE SUPERVISORY BOARD IN RESPECT OF 2016 – 5TH RESOLUTION Fixed portion: €340,000 Fixed attendance fee: €60,000 Amount paid in respect of 2016: €400,000 Since 2016, this amount is no longer subject to performance criteria No other compensation or benefits Annual compe
Slide 30: Compensation of the Chairman of the Management Board
COMPENSATION OF THE CHAIRMAN OF THE MANAGEMENT BOARD IN RESPECT OF 2016 – 6TH RESOLUTION The components of his remuneration for 2016 on which you are being asked to issue an opinion, in accordance with the AFEP/MEDEF code, are: - Fixed salary: €1,200,000 - Variable: limited to 75% of fixed salary, i
Slide 31: Compensation of Management Board Members in Respect of 2016
COMPENSATION Remuneration OF MANAGEMENT of Management BOARD BoardTHmembers in MEMBERS respect of 2016 –IN RESPECT OF 2016 – 7 TO 10TH RESOLUTIONS Resolutions 7-10 Variable compensation for 2016 set at 75% of fixed salary, below the target level Actions de Salaire fixe (en euros) Taux Bonus performan
Slide 32: Performance Shares
PERFORMANCE SHARES From the 2017 grant onwards, vesting of performance shares is subject to the following criteria: Financial targets (70%): - Growth in operating income (Group EBIT) - 35% - Growth in Group cash flow after interest and tax (CFAIT) - 35% Share price performance in line with index ave
Slide 33: Service Contract with Dominique Delport
SERVICE CONTRACT WITH DOMINIQUE DELPORT, MEMBER OF THE SUPERVISORY BOARD – 3RD RESOLUTION The contract was authorised by Vivendi's Supervisory Board during its 2 September 2015 meeting, for a term of five years starting on 1 October 2015, and was approved by the General Meeting of Shareholders on 21
Slide 34: Employee Share Ownership
EMPLOYEE SHARE OWNERSHIP – 23RD AND 24TH RESOLUTIONS This year, Vivendi is carrying out a capital increase reserved for its employees, with a discount of 15%. Employees held 3.27% of the capital at 31 December 2016. The authorisation limit proposed to you this year remains 1% of the share capital. A
Slide 35: Statutory Auditor's Report
STATUTORY AUDITOR’S REPORT Jacques Pierres EY
Slide 36: Auditor's Reports Overview
La politique de rémunération – 11 ème à 13ème résolution (1/6) COMBINED GENERAL MEETING OF SHAREHOLDERS ORDINARY SHAREHOLDERS’ MEETING: -Report on the annual parent company financial statements -Report on the consolidated financial statements -Special Report on related-party agreements and commitmen
Slide 37: Auditor's Report on Financial Statements
La politique de rémunération – 11 ème à 13ème résolution (1/6) ORDINARY SHAREHOLDERS’ MEETING The report is based on two foundations: 1st Resolution: Annual Financial Statements of Vivendi S.A. 2nd Resolution: Consolidated Financial Statements of the Pages 301-302 of the 2016 Document de Référence-A
Slide 38: Special Report on Related-Party Transactions
La politique de rémunération – 11 ème à 13ème résolution (1/6) ORDINARY SHAREHOLDERS’ MEETING SPECIAL REPORT ON RELATED-PARTY TRANSACTIONS AND COMMITMENTS 3rd Resolution: Related-party agreements and commitments Pages 339-340 of the 2016 Document de Référence-Annual Report - We inform you that we ha
Slide 39: Report on Chairman's Report
La politique de rémunération – 11 ème à 13ème résolution (1/6) ORDINARY SHAREHOLDERS’ MEETING REPORT PREPARED IN ACCORANCE WITH ARTICLE L. 225-235 OF THE FRENCH COMMERCIAL CODE ON THE REPORT OF THE CHAIRMAN OF THE SUPERVISORY BOARD Page 181 of the 2016 Document de Référence-Annual Report -We have no
Slide 40: Report on Societal, Social and Environmental Information
La politique de rémunération – 11 ème à 13ème résolution (1/6) ORDINARY SHAREHOLDERS’ MEETING REPORT ON THE CONSOLIDATED SOCIETAL, SOCIAL AND ENVIRONMENTAL INFORMATION PRESENTED IN THE MANAGEMENT BOARD’S REPORT Pages 104-105 of the 2016 Document de Référence-Annual Report - We attest that the requir
Slide 41: Report on EBITA Forecasts
La politique de rémunération – 11 ème à 13ème résolution (1/6) ORDINARY SHAREHOLDERS’ MEETING REPORT ON THE EBITA FORECASTS Pages 345 of the 2016 Document de Référence-Annual Report - We would like to remind you that, given that forecasts are inherently uncertain in nature, actual results will somet
Slide 42: Special Reports on Capital Transactions
La politique de rémunération – 11 ème à 13ème résolution (1/6) EXTRAORDINARY SHAREHOLDERS’ MEETING SPECIAL REPORTS ON CAPITAL TRANSACTIONS Delegations of Authority/Authorization to be given to the Management Board 20th Resolution - Share capital reduction through the cancellation of shares 21st Reso
Slide 43: Our Strongholds for Growth
OUR STRONGHOLDS FOR GROWTH Arnaud de Puyfontaine Chairman of Vivendi's Management Board
Slide 44: Building a Global Content and Media Group
BUILDING A GLOBAL CONTENT AND MEDIA GROUP Two growth drivers: creation and distribution Assets strengthened and combined so that they can collectively generate more value A long-term business plan COMBINED GENERAL MEETING OF SHAREHOLDERS -–Paris, Paris, Tuesday Tuesday 25 32 April 2017 April 2017
Slide 45: Vivendi Has Laid the Foundations to Realise Its Ambitions
VIVENDI HAS LAID THE FOUNDATIONS TO REALISE ITS AMBITIONS STAKE IN STAKE IN TRANSFORMATION PLAN FOR ACQUISITION OF 5-YEAR DEVELOPMENT PLAN ACQUISITION OF 2017 2016 2015 COMBINED GENERAL COMBINED GENERALMEETING OF SHAREHOLDERS MEETING – Paris, Tuesday OF SHAREHOLDERS 25 - Paris, 33 TuesdayApril 25201
Slide 46: The Group's Main Business Lines
THE GROUP'S MAIN BUSINESS LINES
Slide 47: The Group's Main Business Lines
THE GROUP'S MAIN BUSINESS LINES
Slide 48: The Group's Main Business Lines
THE GROUP'S MAIN BUSINESS LINES
Slide 49: The Group's Main Business Lines
THE GROUP'S MAIN BUSINESS LINES
Slide 50: The Group's Main Business Lines
THE GROUP'S MAIN BUSINESS LINES
Slide 51: New Initiatives
NEW INITIATIVES COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 39 April 2017
Slide 52: A European Media Group with Global Ambitions
A EUROPEAN MEDIA GROUP WITH GLOBAL AMBITIONS 23% of total Europe 40% of total 23% North America France Rest of of total the world 14% of total Breakdown of revenue by geographical zone COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 40 April 2017
Slide 53: Two Growth Drivers: Creation and Distribution
TWO GROWTH DRIVERS: CREATION AND DISTRIBUTION MOBILE GAMES FREE-TO-AIR TV MUSIC PUBLISHING 2% 2% 7% PAY TV IN MAINLAND FRANCE 29% Distribution 47% Creation RECORDED MUSIC AND MERCHANDISING 41% 53% 13% INTERNATIONAL PAY TV 4% 2% FILMS AND OTHER SERIES Breakdown of revenue by business COMBINED GENERAL
Slide 54: Our Three Creative Strongholds
OUR THREE CREATIVE STRONGHOLDS
Slide 55: The World Leader in Music
The world leader in music Partnerships with over 400 streaming platforms Drake, Justin Bieber, Rihanna: the world's most-streamed artists in 2016 Growth opportunities in new territories COMBINED GENERAL MEETING OF SHAREHOLDERS -–Paris, Paris, Tuesday Tuesday 25 43 April 2017 April 2017
Slide 56: A Major Audio-Visual Group Undergoing Transformation
A major audio-visual group undergoing transformation A rich and diverse range of original productions Implementation of the plan to create fresh impetus in France Ongoing international growth COMBINED GENERAL MEETING OF SHAREHOLDERS -–Paris, Paris, Tuesday Tuesday 25 44 April 2017 April 2017
Slide 57: A New Leader in Mobile Gaming
A new leader in mobile gaming within the Vivendi universe An acquisition consistent with Vivendi's strategy Mobile games: a fast-growing industry 1 billion Gameloft games downloaded in 2016 COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 45 April 2017
Slide 58: Our Distribution Partners
e, OUR DISTRIBUTION PARTNERS vivendi
Slide 59: Partnerships with Telecoms Operators to Distribute Our Content Locally
PARTNERSHIPS WITH TELECOMS OPERATORS TO DISTRIBUTE OUR CONTENT LOCALLY COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 47 April 2017
Slide 60: Italy: Spearheading Our Expansion in Southern Europe
ITALY: SPEARHEADING OUR EXPANSION IN SOUTHERN EUROPE COMBINED GENERAL MEETING OF SHAREHOLDERS – Paris, Tuesday 25 April 2017 48
Slide 61: Partnerships with Digital Platforms to Distribute Our Content Globally
PARTNERSHIPS WITH DIGITAL PLATFORMS TO DISTRIBUTE OUR CONTENT GLOBALLY COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 49 April 2017
Slide 62: A World Class Champion in Content and Media
A WORLD CLASS CHAMPION IN CONTENT AND MEDIA A clear strategy A foothold in Europe Leading assets on specific markets The resources to back our ambitions One major shareholder COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 50 April 2017
Slide 63: Universal Music France
OO /e~ UNIVERSAL NS, UNIVERSAL MUSIC FRANCE Olivier Nusse CEO of Universal Music France
Slide 64: A Growing Music Market
A GROWING MUSIC MARKET +11% +1,1% +5% +3% +5,5% COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 52 April 2017
Slide 65: Streaming Is the Segment of the Future
STREAMING IS THE segment of the future WORLD MARKET 2016 FRENCH MARKET 2016 STREAMING 32% +60% PHYSICAL SALES +38% Streaming 59% Streaming DOWNLOADS 9% COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 53 April 2017
Slide 66: A Valuable Catalogue
A VALUABLE CATALOGUE FRENCH MARKET 2016 New releases COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 54 April 2017
Slide 67: Universal Music - A Leading Player in the Most Popular Genres
UNIVERSAL MUSIC – A LEADING PLAYER IN THE MOST POPULAR GENRES, IN BOTH PHYSICAL AND DIGITAL FORMATS FRENCH MARKET 2016 PHYSICAL STREAMING 40% French pop 40% Urban 15% Urban 20% French pop COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 55 April 2017
Slide 68: Leading Player in French Pop
UNIVERSAL MUSIC – LEADING PLAYER IN FRENCH POP AND SET TO DOMINATE THE PHYSICAL MARKET AGAIN IN 2017 Calogero Carla Bruni Louane Kendji Girac Slimane Etienne Daho Marina Kaye Michel Sardou Christophe Eddy Mitchell Marc Lavoine COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 56 April 201
Slide 69: Leading Player in Urban Music
UNIVERSAL MUSIC – leading player in urban music and set to dominate the streaming market again in 2017 MHD Sofiane Alonzo Chilla Lacrim SCH Damso Nekfeu Kaaris Bigflo & Oli I AM Booba Niro Gradur COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 57 April 2017 Fanny Neguesha
Slide 70: Leading Player in International Pop and Classic Jazz
UNIVERSAL MUSIC – LEADING PLAYER IN INTERNATIONAL POP AND CLASSIC JAZZ AND SET TO DOMINATE THE PHYSICAL AND DIGITAL MARKETS AGAIN IN 2017 Gregory Porter Katy Perry Sam Smith The Weeknd Black Eyed Peas Taylor Swift Selena Gomez Eminem U2 Kendric Lamar James Bay Lang Lang Diana Krall Paul Mc Cartney L
Slide 71: Universal Music Teams at the Forefront of Digital Strategy
UNIVERSAL MUSIC TEAMS AT THE FOREFRONT OF DIGITAL STRATEGY Playlist Social networks Influencers Databases s Artists On line Consumers Streaming COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 59 April 2017
Slide 72: A Group That Supports Talent
A GROUP THAT SUPPORTS TALENT Data / CRM Association avec les Marques Production Audiovisuelle Publishing Merchandising TALENTS Back Catalogue Développement International Live & Évènements Stratégie Digitale COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 60 April 2017
Slide 73: A Leading Player in Developing New Talent
UNIVERSAL MUSIC – A LEADING PLAYER IN DEVELOPING NEW TALENT LEJ Ibrahim Maalouf Gauvain Sers Jen Jis Arcadian Her Lorenzo Chilla Adam Naas Tess Claire Laffut Kungs Tilka MHD Bigflo & Oli COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 61 April 2017 Deen Burbigo Eugénie Juliette Armanet
Slide 74: Maxime Saada, Frank Cadoret
Maxime Saada Frank Cadoret CEO Canal+ Group, Head of Distribution, Canal+ Président de Dailymotion
Slide 75: Canal+ Group: A Recovery Trend
CANAL+ GROUP: A RECOVERY TREND 2016 REVENUE DIRECT SUBSCRIBERS 2012-2016 million 2014 2016 7 1 FRANCE PAY TV FRANCE 3 454 3 178 Turnaround in the PAY TV INT’L 1 273 1 442 mainland France business 5 STUDIOCANAL 533 416 2 FREE TV FRANCE 196 217 INTERNATIONAL International growth via TOTAL GROUPE 5 456
Slide 76: Canal+ Group: International Content
CANAL+ GROUP: INTERNATIONAL CONTENT FILMS FRAIS SÉRIES CATALOGUE COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 65 April 2017
Slide 77: Canal+ Group: International Distribution
CANAL+ GROUP: INTERNATIONAL DISTRIBUTION POLOGNE 2,1M subscribers OVERSEAS 492M€ TERRITORIES revenue VIETNAM 500K subscribers AFRIQUE 855K 411M€ subscribers revenue 2,8M 49M€ subscribers revenue 450M€ revenue Source: 2016 data COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 66 April 201
Slide 78: Canal+ Group: Turnaround in France
CANAL+ GROUP: TURNAROUND IN FRANCE COST OPTIMIZATION PLAN 300M€ 110M€ by 2018 in 2016 COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 67 April 2017
Slide 79: Canal+ Group: Turnaround in France
CANAL+ GROUP: TURNAROUND IN FRANCE 2.a TELCOS PARTNERSHIPS 2.b FOCUS ON SUBSCRIBERS 2.c OVERHAUL OF PACKAGES +2.9M SUBSCRIBERS The new catch-up 1 Selection of the main offer (December 31, 2016) service 19,90€ 29,90€ The return of par mois pendant 2 ans par mois pendant 2 ans the magazine 2 Additiona
Slide 80: Canal+ Group: Turnaround in France
CANAL+ GROUP: TURNAROUND IN FRANCE OVERHAUL OF PACKAGES: new audiences targeted, 24 months subscription and unparalleled choice of content 1 Selection of the main offer Exemple Pack Sport 19,90€ 29,90€ 17 chaînes de sport 100% des plus grandes compétitions par mois pendant 2 ans par mois pendant 2 a
Slide 81: Canal+ Group: Turnaround in France
CANAL+ GROUP: TURNAROUND IN FRANCE OVERHAUL OF PACKAGES: greater choice in terms of commitment and platform 100% digital, no-contract packages OTT roll-out for MyCanal COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 71 April 2017
Slide 82: Canal+ Group: Turnaround in France
CANAL+ GROUP: TURNAROUND IN FRANCE 3. PREMIUMIZATION OF FREE-TV Coherent galaxy of complementary pay and free channels Re-branding of channels: C8, CSTAR , CNEWS Transfert of certain Canal+ talents to C8 Investments in programq: sports rights, cinema, new formats COMBINED GENERAL MEETING OF SHAREHOL
Slide 83: Dailymotion: Repositioning
DAILYMOTION : REPOSITIONNING NEW POSITIONING NEW EXPERIENCE JUIN 2017 Target 25-49 Worldwide launch Premium content Recognized media brands Application Web mobile 4 verticals Desktop Unforgettable content New content 300M Unique visitors Live and stock COMBINED GENERAL MEETING OF SHAREHOLDERS - Pari
Slide 84: Stéphane Roussel
Stéphane Roussel Chairman and Chief Executive Officer COO of Vivendi
Slide 85: Mobile Vital to Tomorrow's Content
MOBILE VITAL TO TOMORROW'S CONTENT COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 75 April 2017
Slide 86: Mobile Games: A Fast-Changing Industry
MOBILE GAMES: A FAST-CHANGING INDUSTRY YESTERDAY TODAY TOMORROW A niche industry that was born in An industry worth $37bn An industry likely to be worth the early 2000s in 2016 $53bn in 2019 Paid, premium business model Free-to-play business model Hybrid business model free-to-play + advertising Dev
Slide 87: Studios, Platforms, Telecoms Operators
STUDIOS PLATFORMS TELECOMS OPERATORS COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 77 April 2017
Slide 88: 2016 Key Figures
2016 KEY FIGURES 1 bn 17 m 39 mins 200 0 Gameloft games downloaded in 2016 0 0 players every day worldwide spent0 0 playing a game on average 0 distribution3 3 agreements with telecoms 2 World no.1 35 35 951 operators 4 59 59 816 COMBINED GENERAL MEETING OF SHAREHOLDERS -–Paris, Paris, Tuesday Tuesd
Slide 89: 21 Studios Worldwide
21 STUDIOS WORLDWIDE BUDAPEST MINSK BEIJING PARIS BUCHAREST KHARKOV MEXICALI DANANG MONTREAL HANOI TORONTO LVIV MANILA NEW ORLEANS SOFIA MADRID HO CHI MINH CITY CLUJ BRISBANE BARCELONA YOGYAKARTA COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 79 April 2017
Slide 90: Successful Games and Franchises
SUCCESSFUL GAMES AND FRANCHISES COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 80 April 2017
Slide 91: Alexandre Pelletier-Normand
Alexandre Pelletier-Normand Senior Vice-President Production
Slide 92: Gameloft's Successful Integration within Vivendi
GAMELOFT'S SUCCESSFUL INTEGRATION WITHIN VIVENDI
Slide 93: Gameloft's Successful Integration within Vivendi
GAMELOFT'S SUCCESSFUL INTEGRATION WITHIN VIVENDI COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 83 April 2017
Slide 94: Internal Innovation Competition
INTERNAL INNOVATION COMPETITION 13 studios taking part in the first call for concepts 90 projects submitted, of which around 20 included a prototype Varying genres: reimagined classics, role-play, shoot-em-ups, music, cards and unclassifiables 100% mobile: no virtual reality, console or PC Employee
Slide 95: Initial Synergies
INITIAL SYNERGIES Distribution of Digster in Latin America Integration of the Asphalt game in the Release of a game to accompany and Asia (excluding Japan and China) Studio+'s Paris 2024, which Vivendi is partnering for UMG “Dragon Race” series, released in the first half of 2017 COMBINED GENERAL ME
Slide 96: Stéphane Roussel
Stéphane Roussel Chairman and Chief Executive Officer COO of Vivendi
Slide 97: Talent, Live Events and Production
TALENT, LIVE EVENTS AND PRODUCTION Simon Gillham Chairman of Vivendi Village
Slide 98: Our Value Chain
OUR VALUE CHAIN PRODUCTION AUDIOVISUAL LIVE PRODUCTION TICKETING MERCHANDISING TALENT BRANDS SALES MEDIA DIGITAL & DATA COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 88 April 2017
Slide 99: Vivendi: Discovering Talent
VIVENDI: DISCOVERING TALENT Etienne de Balasy Julie Bargeton Sarah Constantin Claire Daio Arthur Dreyfus Paul Taylor Le Petit Journal Les Guignols L’Émission Le Cercle Le Cercle Format court d’Antoine diffusé le samedi avant le Tube Paloma Coquant Lucie Akoun Thomas Bohbot Iban Rais Jessie Picard Ne
Slide 100: Olympia Production, a Versatile Player
OLYMPIA PRODUCTION, A VERSATILE PLAYER 10 Artists 2 Festivals 1 Theater Play 1 Musical Comedy +600 shows scheduled for 2017 COMBINED GENERAL ASSEMBLÉE MEETING MIXTE GÉNÉRALE OF SHAREHOLDERS – PARIS, mardi -25Paris, Tuesday 25 avril 2017 90 90 April 2017
Slide 101: Major Investments in Festivals
MAJOR INVESTMENTS IN FESTIVALS Acquisition et co-productions New development opportunities COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 92 April 2017
Slide 102: CanalOlympia: The First Pan-African Network of Entertainment Venues
CANALOLYMPIA: THE FIRST PAN-AFRICAN NETWORK OF ENTERTAINMENT VENUES Innovative and ultra-modern movie theaters Flexible and versatile spaces A springboard and incubator for African talent COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 93 April 2017
Slide 103: The First CanalOlympia Venues
THE FIRST CANALOLYMPIA VENUES 14 JUIN 2016 Yaoundé – CAMEROUN 24 FÉVRIER 2017 CanalOlympia Yaoundé 1 Ouagadougou – BURKINA FASO CanalOlympia Yennenga 10 JANVIER 2017 17 JANVIER 2017 Conakry – GUINÉE Douala – CAMEROUN CanalOlympia Kaloum CanalOlympia Bessengué 31 JANVIER 2017 Niamey – NIGER CanalOlym
Slide 104: Future Roll-out of CanalOlympia Entertainment Venues
FUTURE ROLL-OUT OF CANALOLYMPIA ENTERTAINMENT VENUES DAKAR NIAMEY (mid-May 2017) CONAKRY OUAGADOUGOU LOMÉ COTONOU DOUALA YAOUNDÉ KINSHASA POINTE NOIRE Locations already opened BRAZZAVILLE Future locations COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 96 April 2017
Slide 105: A Rich and Diverse Programming
A RICH AND DIVERSE PROGRAMMING 18 screenings a week on the basis of the Studiocanal agreements COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 97 April 2017
Slide 106: Regulatory and Social Issues
REGULATORY AND SOCIAL ISSUES Frédéric Crépin General Counsel, Vivendi
Slide 107: A Changing Regulatory Framework
A changing regulatory framework…
Slide 108: Allowing for the Emergence of a Major European Media Group
… ALLOWING FOR THE EMERGENCE OF A MAJOR EUROPEAN MEDIA GROUP COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 100 April 2017
Slide 109: Reducing the Value Gap in Music
…AND REDUCING THE « VALUE GAP » IN MUSIC AUDIO AND UUC VIDEO STREAMING USERS vs REVENUES US $3,904 M Users (millions) Revenue (US$ millions) 900 M d’utilisateurs 212 M US $553 M d’utilisateurs Subscription audio streamsaudio Subscription (paid streams and ad-supported) UUC video streams UCC (paid an
Slide 110: Vivendi: Committed to Culture
VIVENDI: COMMITTED TO CULTURE Cultural diversity driving value creation 17% of UMG's marketing and recording expenditure focused on new talent (in its five main countries) 59% of UMG's sales generated by local catalogues in their own countries (59 countries) €135m: Studiocanal's expenditure on Europ
Slide 111: Vivendi: A Responsible Group
VIVENDI: A RESPONSIBLE GROUP Vigilance programme updated to adjust to new regulations Protecting customers' personal data: reinforced systems within the Group COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 103 April 2017
Slide 112: Vivendi: A Responsible Group
VIVENDI: A RESPONSIBLE GROUP Protection of young audiences: Vivendi: member of the European initiative "Alliance to better protect minors online" UMG: ongoing dialogue with partners about introducing an age-based classification system for videos online. Canal+ group: 5 “Internet et nous” documentari
Slide 113: A Value-Creating CSR Policy
A VALUE-CREATING CSR POLICY Gaining the trust of artists, talent and partners Fostering audience loyalty A responsible Commitment to Creating a positive image for prospective customers group Generating pride in the workforce culture Increasing understanding of the ecosystem Economic performance COMB
Slide 114: Constant Dialogue with Individual Shareholders
CONSTANT DIALOGUE WITH INDIVIDUAL SHAREHOLDERS Events organised across France for the Shareholders Club A new-look Shareholder Committee Website: a dedicated area for individual shareholders COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 106 April 2017
Slide 115: Constant Dialogue with Individual Shareholders
CONSTANT DIALOGUE WITH INDIVIDUAL SHAREHOLDERS Shareholder newsletters Toll-free number in France: 0850 050 050 Twitter account@vivendi COMBINED GENERAL MEETING OF SHAREHOLDERS - Paris, Tuesday 25 107 April 2017
Slide 116: Important Legal Disclaimer / Contacts
IMPORTANT LEGAL DISCLAIMER / CONTACTS 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 of Vivendi, including the impact of certain tr
Slide 117: Vivendi
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