Publicis Groupe Sa · EURONEXT:PUB
Publicis Groupe Sa — Q1 2022 Earnings Presentation
26 slides from Publicis Groupe Sa's earnings presentation, Apr 14, 2022
Slide 1: Q1 2022 Results
Q1 2022 RESULTS 14 April 2022 Sf = PuBLIcIs
Slide 2: Q1 2022 Highlights
Q1 2022 HIGHLIGHTS Q1 2022 REVENUE 2022 OUTLOOK Q&A PuBLIcIs
Slide 3: Disclaimer
DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts. These forward-looking statements and forecasts are subject to risks and uncertainties that could cause actual results to differ ma
Slide 4: A Q1 2022 dominated by the conflict in Ukraine
A Q 1 2 0 2 2 D O M I N AT E D BY THE CONFLICT IN UKRAINE Ukraine: • Safety of our 350 Ukraine employees and their families as a top priority • Immediate and clear actions providing financial support, relocation aid & other initiatives • Solidarity across the Groupe demonstrating the true Power of O
Slide 5: Very strong start to the year
V E R Y S T R O N G S TA R T T O T H E Y E A R Organic growth • All operations up strongly well-above expectations +8.0% • Publicis Sapient at +16.3%, U.S. Q1’22 after +11.2% in Q1 2021 +10.5% • Epsilon at +6.3%, +5.1% in Q1’21 after +4.7% in Q1 2021 Groupe Q1’22 +2.8% in Q1’21 • Europe grew +9.4% e
Slide 6: Continued new business momentum
CONTINUED NEW BUSINESS MOMENTUM Q1 2022 New Business wins External recognitions Media Media & Creative Media U.S. Global Global Media Media Media China France & U.K. Global Creative Media Creative MEA U.S. Global 6
Slide 7: Q1 2022 Results
Q1 2022 HIGHLIGHTS Q1 2022 RESULTS 2022 OUTLOOK Q&A
Slide 8: Net revenue
NET REVENUE (EUR million) Q1 2022 net revenue 2,800 2021 net revenue 2,392 Reported growth +17.1% Organic growth +10.5% 8
Slide 9: Q1 2022 net revenue by geography
Q1 2022 NET REVENUE BY GEOGRAPHY 2022 Organic (EUR million) Q1 2022 Q1 2021 vs. 2021 growth North America 1,748 1,505 +16.1% +8.1% Europe 662 561 +18.0% +14.9%(1) Asia Pacific 261 217 +20.3% +14.4% Middle East Africa 75 62 +21.0% +13.4% Latin America 54 47 +14.9% +13.1% Total 2,800 2,392 +17.1% +10.
Slide 10: Q1 2022 performance – North America
Q1 2022 PERFORMANCE – NORTH AMERICA 2022 Organic (EUR million) Q1 2022 Q1 2021 vs. 2021 growth North America 1,748 1,505 +16.1% +8.1% U.S. • 60% of Groupe net revenue • Organic growth: +8.0% • Positive growth in all activities • Double-digit growth in Media • Creative: mid-single digit growth driven
Slide 11: Q1 2022 performance - Europe
Q1 2022 PERFORMANCE - EUROPE 2022 Organic (EUR million) Q1 2022 Q1 2021 vs. 2021 growth Europe 662 561 +18.0% +14.9%(1) UK France Germany Central & Eastern Europe • 9% of Groupe net revenue • 6% of Groupe net revenue • 3% of Groupe net revenue • 2% of Groupe net revenue • Organic growth: +12.0% • Or
Slide 12: Q1 2022 performance – Rest of World
Q 1 2 02 2 P E R F O R M A N C E – R E ST O F WO R L D 2022 Organic (EUR million) Q1 2022 Q1 2021 vs. 2021 growth Asia Pacific 261 217 +20.3% +14.4% Middle East Africa 75 62 +21.0% +13.4% Latin America 54 47 +14.9% +13.1% Asia Pacific Middle East Africa Latin America • 9% of Groupe net revenue • 3%
Slide 13: Q1 2022 performance by industry
Q1 2022 PERFORMANCE BY INDUSTRY Net revenue split Net revenue growth per client industry(2) Leisure Energy & & travel manuf. Public sector & +24% +5% Automotive Other 3% 3% +5% 9%(1) Retail +2% 3% 16% +15% 9% Non-food consumer products 16% Financial 11% +11% +10% 91% 12% 14% Food & beverage 3,052 ma
Slide 14: Net financial debt
NET FINANCIAL DEBT (EUR million) Q1 2022 FY 2021 Net Financial Debt, 12-month average 1,277 1,530 Net Financial Debt, at end of period 718 76 14
Slide 15: Liquidity as of March 31, 2022
LIQUIDITY AS OF MARCH 31, 2022 March 31, 2022 March 31, 2021 (EUR million) Total Drawn Available Available 364-day revolving credit facilities - - - 165 5-year revolving credit facility - - - 443 5-year syndicated facility (Club Deal) (1) 2,000 - 2,000 2,000 Total Committed Facilities 2,000 2,000 2,
Slide 16: 2022 Outlook
Q1 2022 HIGHLIGHTS Q1 2022 RESULTS 2022 OUTLOOK Q&A PuBLIcIs
Slide 17: 2022 Outlook
2 02 2 OU T LOOK Macro-driven uncertainties… • Global health situation • Conflict in Ukraine … But confidence in our ability to • Inflation on raw material and energy deliver in 2022: • Strong Q1 • Expected very solid Q2, at around +5% organic after +17% last year • Overall strength of the model All
Slide 18: 3 elements uniquely position us to deliver
3 E L E M E N T S U N I Q U E LY P O S I T I O N U S T O D E L I V E R INTEGRATED & 2021 FLEXIBLE DIFFERENTIATED NEW BUSINESS PLATFORM CAPABILITIES CONTRIBUTION ORGANIZATION Soon-to-be Shift from paid to cookie-less world owned media Country Shared Model Services Media Global Media Global Media Glob
Slide 19: Conclusion
CONCLUSION Confidence in our ability to deliver in 2022 Organic Growth at upper-end of +4 to +5% range 17.5% Operating Margin | €1.4bn Free Cash Flow(1) Robust foundations and exceptional dedication of our people to navigate an uncertain context Assuming no further deterioration in global health & e
Slide 20: Q1 2022 Highlights
Q1 2022 HIGHLIGHTS Q1 2022 RESULTS 2022 PRIORITIES Q&A
Slide 21: Appendix
APPENDIX
Slide 22: Net revenue & organic growth calculation
N E T R E V E N U E & O R G A N I C G R O W T H C A L C U L AT I O N (EUR million) Q1 2022 Currency impact 2021 net revenue 2,392 (EUR million) Q1 Currency impact (2) 125 GBP (2) 8 2021 net revenue at 2022 exchange rate (a) 2,517 USD (2) 100 2022 net revenue before impact of acquisitions (b) 2,781 O
Slide 23: Gross debt as of March 31, 2022
GROSS DEBT AS OF MARCH 31, 2022 Breakdown by maturity Apr. 2022 – Apr. 2023 – Apr. 2024 – Apr. 2025 – Apr. 2026 (EUR million) Total Mar. 2023 Mar. 2024 Mar. 2025 Mar. 2026 Onwards Eurobond 2023 498 498 Eurobond 2024 601 601 Eurobond 2025 (1) (2) 768 768 Eurobond 2028 (1) (2) 783 783 Eurobond 2031 (1
Slide 24: Net debt as of March 31, 2022
NET DEBT AS OF MARCH 31, 2022 Breakdown by currency (EUR million) Total EUR USD GBP Others Eurobond 2023 498 498 Eurobond 2024 601 601 Eurobond 2025 (1) (2) 768 768 Eurobond 2028 (1) (2) 783 783 Eurobond 2031 (1) (2) 797 797 Earn-out / Buy-out 209 29 89 13 78 Other debt (1) 94 8 76 5 5 Cash & market
Slide 25: Definitions
DEFINITIONS Net revenue: Revenue less pass-through costs which comprise amount paid to external suppliers engaged to perform a project and charged directly to clients. Those costs are mainly production & media costs and out of pocket expenses. Organic growth: Change in net revenue excluding the impa
Slide 26: Contact
C O N TA C T Press Delphine Stricker, Group Communications Director Tel. + 33 6 38 81 40 00 / Email. delphine.stricker@publicisgroupe.com Investor Relations Alessandra Girolami, Vice-President Investor Relations & Strategic Financial Planning Tel. + 33 1 44 43 77 88 / Email. alessandra.girolami@publ