Television Francaise 1 Sa · EURONEXT:TFI
Television Francaise 1 Sa — TF1 Group — Q1 2025 Earnings Presentation
17 slides from Television Francaise 1 Sa's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Results
TF. LE GROUPE u 2025 RESULT) 30 APRIL 2025 — DANSE AVEC LES STARS
Slide 2: Disclaimer
DISCLAIMER This presentation contains rounded figures and contains forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, but are not limited to: financial projections, forecasts and estimates and their un
Slide 3: Highlights
HIGHLIGHTS CONSOLIDATED REVENUE STABLE ADVERTISING CONTINUED STRONG LEADERSHIP MAINTAINED GROWTH REVENUE MOMENTUM FOR Group revenue Group advertising revenue Digital advertising revenue W<50PDM 25-49 Y/O 33.0% 30.1% €520m +1.6% vs Q1 2024 €363m -0.2% vs Q1 2024 +36.9% vs Q1 2024 -1.5 pts -1.3 pts vs
Slide 4: Business Review, Financials, Outlook, Q&A
1 BUSINESS REVIEW P.5 2 FINANCIALS P.9 3 OUTLOOK P.14 4 Q&A P.17 Q1 2025 FINANCIAL RESULTS 4
Slide 5: Business Review
1 1 BUSINESS REVIEW Q1 2025 FINANCIAL RESULTS 5
Slide 6: Update on Linear
UPDATE ON LINEAR LEADERSHIP MAINTAINED UNRIVALLED DAILY REACH AMONG MEDIA W<50PDM 33.0 +9.6 pts vs main competitor 78% 22.7 13.1 9.4 53% 4.5 4.4 3.3 2.8 2.5 2.0 2.0 1.8 0.5 0.4 34% TF1 M6 F2 TMC W9 TFX 6ter F3 TF1SF Gulli F5 LCI F.info 17% -1.5 -0.8 +0.2 +1.2 = = -0.1 +0.3 -0.1 -0.7 -0.3 -0.2 +0.1 =
Slide 7: Update on Streaming
: UPDATE ON STREAMING VIRTUOUS LINEAR & STREAMING STRATEGY UPDATE ON BUILDING BLOCKS 25-49 Y/O NON- LINEAR LINEAR Consumption Ad inventories CPM 80% 20% DAILY SOAPS STREAMERS1 monthly average 35m AD LOAD CPM in Q1 2025 51% 49% 56% 44% +7% vs Q1 2024 5 MIN/HOUR €12.0 STREAMED 272m +4 pts YoY +1 pts Y
Slide 8: Update on Tout pour la Lumière / Studio TF1
UPDATE ON Revenue of €59m in Q1 2025, stable year on year KEY DELIVERIES CINEMA NOTABLE EVENT DRAMA DOCUMENTARIES ENTERTAINMENT TOUT POUR LA LUMIÈRE ~470k tickets sold Start of shooting Q1 2025 FINANCIAL RESULTS 8
Slide 9: Financials
2 FINANCIALS Q1 2025 FINANCIAL RESULTS 9
Slide 10: Consolidated Revenue per Segment
CONSOLIDATED REVENUE PER SEGMENT (€m) Q1 2025 Q1 2024 CHG.% MEDIA MEDIA 461 453 +1.8% Stable advertising revenue year on year Continued strong momentum for TF1+, with ADVERTISING REVENUE 363 363 (0.2%) advertising revenue growth of 37%, close to the 39% increase in FY 2024 O/W TF1+ ADVERTISING REVEN
Slide 11: Current Operating Profit from Activities per Segment
CURRENT OPERATING PROFIT FROM ACTIVITIES PER SEGMENT (€m) Q1 2025 Q1 2024 CHG.% MEDIA MEDIA 45 37 +21.6% COPA up €8m year on year O/W PROGRAMMING COSTS (221) (217) +1.8% Q1 2024 included specific costs (marketing, tech) related to TF1+ launch MARGIN 9.7% 8.1% +1.6 pts STUDIO TF1 STUDIO TF1 (1) 1 nm
Slide 12: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT (€m) Q1 2025 Q1 2024 CHG.% CONSOLIDATED REVENUE 520 512 +1.6% TOTAL COSTS OF PROGRAMMES (221) (217) +1.8% OTHER CHARGES, DEPRECIATION, AMORTISATION AND PROVISIONS (256) (257) (0.6%) CURRENT OPERATING PROFIT FROM ACTIVITIES 43 37 +16.0% MARGIN FROM ACTIVITIES 8.3% 7.3% +
Slide 13: Solid Net Cash Position at End-March 2025
SOLID NET CASH POSITION AT END-MARCH 2025 Free cash flow before changes in WCR €27 million 98 (3) 3 559 23 0 506 (68) €m Free cash flow after changes in WCR €50 million Opening net cash Net Repayment of Net capital Changes in Acquisitions Dividends, Closing net cash position at cash flow1 lease obli
Slide 14: Outlook
3 OUTLOOK Q1 2025 FINANCIAL RESULTS 14
Slide 15: Outlook
OUTLOOK A STRONG LINE-UP ROADMAP FOR FRENCH SERIES UNSCRIPTED FRANCHISES SPECIAL EVENTS EXPANSION IN FRENCH-SPEAKING MARKETS BELGIUM LUXEMBOURG SWITZERLAND Reach 154 million people FRENCH-SPEAKING in French-speaking AFRICA Africa in 2025 SPORTS DAILY SERIES ALREADY DEPLOYED NEXT PHASE TOUT POUR NEW
Slide 16: 2025 Guidance Confirmed
2025 GUIDANCE CONFIRMED In an advertising market with very limited visibility STRONG DOUBLE-DIGIT REVENUE GROWTH IN DIGITAL BROADLY STABLE MARGIN FROM ACTIVITIES COMPARED WITH 2024 AIMING FOR A GROWING DIVIDEND POLICY IN THE COMING YEARS Q1 2025 FINANCIAL RESULTS 16
Slide 17: Q1 2025 Financial Results
Femme Q1 2025 FINANCIALRESULTS 1]