Reworld Media SA · EURONEXT:ALREW
Reworld Media SA — H1 2024 Earnings Presentation
26 slides from Reworld Media SA's earnings presentation, Sep 26, 2024
Slide 1: Results 1st Half 2024
RESULTS 1st HALF 2024 26 september 2024 CONTENT ● BRANDS ● TECHNOLOGIES
Slide 2: Disclaimer
DISCLAIMER The information contained in this document, particularly that relating to expectations of future performance of the Reworld Media Group, are forward-looking statements and may be subject to certain risks and uncertainties. Any references to past performance of the Reworld Media Group shou
Slide 3: Contents
INTRODUCTION CONTENTS ACTIVITIES ACCOUNTS OUTLOOK
Slide 4: Introduction
INTRODUCTION 4
Slide 5: In France No. 1 Thematic Media & Adtech Platform
IN FRANCE NO. 1 No. 1 magazine publisher THEMATIC No. 3 media group on the web MEDIA & No. 1 media group on social networks The group reaches 7 out of 10 French ADTECH people(a) PLATFORM IN EUROPE INTERNATIONAL Leader in Europe in Adtech With Tradedoubler 33% ofbusiness revenue from international Es
Slide 6: Key Financial Figures H1 2024
KEY FINANCIAL FIGURES H1 2024 Context Key figures REVENUE: EBITDA(1): €22.8M • Ongoing conflicts in Ukraine and the Middle East €264.1M • US presidential elections and political uncertainty in France -0.9% -€2.3m +1.5% 8.6% • Inflation of 2.5% in France vs. H1 2023 vs. H1 2023 vs. H1 2023 margin • 6
Slide 7: Growth in Profitability
GROWTH IN PROFITABILITY €m Revenue EBITDA(1) BTOC -6.9% +4.3% -0.9% +16.1% -6.5% +1.5% Decrease in revenue accentuated in Q1: one-off effect linked to publication 266.4 +1.3 schedule -8.5 +6.2 264.1 22.8 EBITDA margin up 1.6 pts due to lower 22.5 industrial costs -0.9 BTOB H1 2023 BTOC BTOB H1 2024
Slide 8: Activities
ACTIVITIES 8
Slide 9: More than 80 popular brands covering 12 themes
MORE THAN 80 POPULAR BRANDS COVERING 12 THEMES HEALTH WOMEN FOOD YOUTH AUTO LIFESTYLE WELL BEING SCIENCE ENTER- TECH SPORT NATURE HOME CULTURE TAINMENT GAMING Source : ranking based on Médiamétrie//Netratings measure, Global Internet Audience in France, average from January to July 2024 in single 9
Slide 10: No. 1 Magazine Publisher
NO.1 MAGAZINE PUBLISHER 7 magazines in the Top 30 most read in France (c) No. 1 for circulation in France 4.7 million readers Leader in thematic offerings at > 20,000 press points of sale 89.8 million 77 titles Copies distributed in France(c) published in H1 2024 1.6 million Paid subscriptions 308,0
Slide 11: Continuous Enhancement of the BtoC Offer
CONTINUOUS ENHANCEMENT OF THE BTOC OFFER Good momentum in publishing New magazines 70 publishing +21% products Brought to market in H1 vs. H1 2023 Continued international Launch of ICON in France expansion with the launch of (March 2024) and of Mon Gazette by Grazia in the Launch of New Romance Maga
Slide 12: No. 3 Media Group on the Web
NO.3 MEDIA GROUP ON THE WEB in millions of monthly UVs(d) 40.6 Over 270 million video views per month 34.0 Use of innovative solutions to 31.0 maximise advertising impact and minimise carbon footprint 28.5 27.5 Strong audience growth for leading sites(d) 26.6 21.1 19.8 17.5 million 5.8 million 3.2 m
Slide 13: No. 1 Media Group on Social Networks
NO. 1 MEDIA GROUP ON SOCIAL NETWORKS OFFERS 81.8 million subcribers(f) +5.5% over 1 year #Trend: 15-24 year olds(f) #Trend: remuneration for 4h / day of surf of which content creators by social 2h24 / day on social (39%) media platforms Integration of our original programmes, creation of tailor-made
Slide 14: A Multi-Lever Performance Offer
A MULTI-LEVER PERFORMANCE OFFER More than Affiliate 3 000 clients Comparator marketing 180 000 Affiliated sites Influence marketing Vouchers (Social) €5.5 billion ADTECH In revenue for our customers in 2023 Mobile & Leads More than App Ad 100 000 active influencers Content to Retail Media commerce &
Slide 15: Accounts
ACCOUNTS 15
Slide 16: Improved BtoC Profitability
IMPROVED BTOC PROFITABILITY Decrease in Q1 revenue compounded by one-off €m Revenue EBITDA(1) impact related to publication schedule EBITDA margin up 1.6 points -6.9% driven by a reduction in OPEX of more than 8% 122.7 114.2 SUB +16.1% €5.41 excl. VAT/basket €8.5 M MRR +1.6% vs. H1 2023 Monthly Recu
Slide 17: BtoB Growth & Development
BTOB GROWTH & DEVELOPMENT €m Revenue EBITDA(1) Record H1 revenue, underpinned by growth in digital activities (almost 90% of BtoB revenues) +4.3% Success of performance-based offers and on social networks 143.7 149.9 -6.5% EBITDA margin down 1.1 points driven by an increase in OPEX of more than 5%
Slide 18: Consolidated Income Statement H1 2024
CONSOLIDATED INCOME STATEMENT H1 2024 In €m 30/06/2024 30/06/2023 Change (M€) Change (%) Revenue 264.1 266.4 (2.3) -0.9% Operating costs (241.3) (243.9) 2.6 -1.1% EBITDA(1) 22.8 22.5 0.3 +1.5% Amortisation (3.8) (4.1) 0.3 -7.5% EBIT(1) 19.0 18.4 0.7 +3.6% Financial result(2) (3.9) (4.7) 0.8 -16.8% E
Slide 19: Cash Flow H1 2024
CASH FLOW H1 2024 Cash assets €m +18.1 -2.6 -4.6 -4.5 -18.5 97.7 Depreciation of own shares 79% of EBITDA converted -1.6 -3.3 to cash vs. 52% in H1 2023 -0.2 80.6 31/12/23 Operating Taxes Exceptional CAPEX Financing Acquisitions Treasury Foreign 30/06/24 shares exchang e effect N-1 118.3 +11.7 -4.1
Slide 20: Net Financial Debt H1 2024
NET FINANCIAL DEBT H1 2024 NFD €112.6 million €m Change in NFD Amounts recorded on the balance sheet -12.6 193.0 80.6 1.9x EBITDA(1) 205.8 193.2 -17.1 112.6 Gearing(2) of 51% €12.6 M 97.7 80.6 capital repaid 31/12/23 30/06/24 31/12/23 30/06/24 Gross debt Cash NFD €26.3 M Gross financial debt Cash as
Slide 21: Outlook
OUTLOOK 21
Slide 22: Ambition & Strategy
1 Developing the group AMBITION & STRATEGY Capitalise on our strong reputation brands which are leaders in their area Invest in the most promising contents and formats Continuing to digitalise and diversify our offering Supporting our customers in the digitalisation of their communication Develop an
Slide 23: Questions
QUESTIONS 23
Slide 24: Contacts
CONTACTS 8 rue Barthélémy Danjou 92100 Boulogne Billancourt reworldmedia.com investisseurs@reworldmedia.com Follow us also on: Sponsor listing: Euroland Corporate Contact: Julia Bridger jbridger@elcorp.com Communication Contact: PCE - Ségolène de St Martin sdestmartin@p-c-e.fr
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Slide 26: Content, Brands, Technologies
CONTENT ● BRANDS ● TECHNOLOGIES