Roularta Media Group Nv · EURONEXT:ROU
Roularta Media Group Nv — FY2024 Earnings Presentation
25 slides from Roularta Media Group Nv's earnings presentation, Mar 14, 2025
Slide 1: Results FY 2024
Results FY 2024 Brussels, 14 March 2025
Slide 2: Key facts FY24
Key facts FY24 2
Slide 3: YTD DEC 24 Key Facts: Sales
YTD DEC 24 KEY FACTS Sales YTD DEC24 of € 320,3m Versus last year € -3,2 m, but with important differences : Advertising € -2,0m – but with important differences between BU’s : e.g. N&B € 2,0m lower, but Women +€ 0,2m Readers market € +4,1m => thanks to the acquisition of the ex-WPG/DPG bran
Slide 4: YTD DEC 24 Key Facts: EBITDA
YTD DEC 24 KEY FACTS EBITDA YTD DEC24 of € 27,1m or € 5,5m higher than LY : € 3,2m lower sales are generating a higher gross profit margin (+2,7 ppts or € +8,6m margin effect minus € 2,6m volume effect) thanks to higher selling prices and lower costs for paper and auxiliary materials Services
Slide 5: YTD DEC 24 Key Facts: Mediafin
YTD DEC 24 KEY FACTS Mediafin’s FY sales € 4,9m better YoY or +5,8% - mainly in the reader’s market, but also in advertising. This results in a stand-alone EBITDA (IFRS) which is € 1,9m better than last year. Mediafin has a FY € 18,6m stand-alone EBITDA (IFRS) and a € 7,3 m net result (100%), af
Slide 6: CO2 emission reduction of -25% vs '23
YTD DEC 24 KEY FACTS CO2 Emission reduction of -25% vs ‘23 -35% vs ‘21 and further initiatives being planned 2025 Initiatives Paper wrap packaging Machine Investment in 3500 extra solar panels tbc Further renovation of buildings in BXL & Roeselare 6
Slide 7: Stock evolution of the Roularta share
Roularta Number of Shares 13,931,920 Free Float 15% Market cap 31/12/2024 Stock evolution of the Roularta share € 157 m Closing rate 31/12/2024 = 11,25 EUR 7
Slide 8: Sales FY 2024
Sales FY 2024 8
Slide 9: Sales analysis – consolidated sales per kind of revenue
Sales YTD DEC24 Sales analysis – consolidated sales per kind of revenue Actual FY24 € 320,3 m Printing for third parties 10,5% Advertising Line extensions & Actual FY23 (*) rights € 323,5 m 11,0% 30,7% - Internet 6,6% Printing for third - Audiovisual 1,9% parties - Exhibitions 4,3% - Print 12,1% Adv
Slide 10: Sales analysis – consolidated sales per business unit
Sales YTD DEC24 Sales analysis – consolidated sales per business unit Actual FY24 € 320,3 m Printing Services Local media brands Audiovisual brands 8,9% Actual FY23 (*) 2,1% 11,6% € 323,5 m 3,6% Printing Services Local media brands Audiovisual brands 10,3% 11,9% Newspaper 2,1% brands 3,5% 73,8% 72,3
Slide 11: Results FY 2024
Results FY 2024 11
Slide 12: Consolidated results YTD DEC 24 - Key figures
Results YTD DEC24 Consolidated results YTD DEC 24 - KEY FIGURES in millions of euros ACT FY24 ACT FY23 Trend Trend (%) INCOME STATEMENT Sales 320,3 323,5 -3,2 - 1,0% Adjusted sales ( 1) 311,7 323,5 -11,798 - 3,6% EBITDA (2) 27,1 21,6 5,5 + 25,3% EBITDA - margin 8,4% 6,7% EBIT (3) 3,6 3,2 0,4 + 12,7%
Slide 13: Waterfall EBITDA consolidated FY23 versus FY24
Results YTD DEC24 Waterfall EBITDA CONSOLIDATED actuals FY23 versus FY24 (in € m) Better in sales thanks to acquisition Of which € -1,4m coming Mindstyle brands from impairment on immovlan + 5,0m gains (buildings + Germany + Grafisch nieuws) Last year : Infobase Loss of printing orders for Lower cos
Slide 14: Capex & depreciations
Results YTD DEC24 Capex & depreciations Brands includes a small addition to the Flow brand (acquired Dec23). Software includes mainly investments on the “Mijn Magazines” App and on the new Capex Consolidate d (€ m) YTD DEC24 YTD DEC23 production management system for printing Brands & Customer l
Slide 15: Consolidated cash flow statement
Results YTD DEC24 Consolidated cash flow statement Consolidated cash flow statement (in thousands of euros) ACT FY24 ACT FY23 Net cash flow relating to operating activities (A) 25.630 13.787 Net cash flow relating to investing activities (B) -11.392 -15.455 Net cash flow relating to financing activi
Slide 16: Consolidated Balance Sheet
Results YTD DEC24 Consolidated Balance Sheet in € m ACT 31 12 24 ACT 31 12 23 Trend - Software capex + € 6,9m ASSETS - Regular depreciations of € - 12,0m - Impairment of 50+ Beurs for € 2,5m Non-current asse ts 212.747 223.272 -10.525 Intangible assets 79.765 85.686 -5.922 - Additions regular capex
Slide 17: Consolidated Balance Sheet
Results YTD DEC24 Consolidated Balance Sheet in € m ACT 31 12 24 ACT 31 12 23 Trend LIABILITIES Equity 216.588 216.774 -187 Capital increase resulting from the optional dividend (total of € Group’s equity 216.765 217.003 -238 7,2m : € 4,8m capital + € 2,4m share premium) Issued capital 84.816 80.000
Slide 18: Expectations
Expectations 18
Slide 19: Expectations
Expectations Based on the trend in the first three months of 2025, the Group is not experiencing growth in advertising revenue. The Group is taking into account the fact that the behaviour of advertisers is quite volatile and unpredictable. A negative development in the economic climate could have
Slide 20: Thank you! Questions?
Thank you! Questions ? Meiboomlaan 33, 8800 Roeselare, www.roularta.be
Slide 21: Appendix
Appendix 21
Slide 22: Segment reporting YTD DEC 2024 key figures
Results YTD DEC24 Segment reporting YTD DEC 2024 KEY FIGURES MEDIA BRANDS ACT FY24 ACY FY23 Trend Trend (%) SALES 291,9 290,2 1,7 + 0,6% Sales to external customers 291,8 290,2 1,7 + 0,6% Sales from transactions with other segments 0,1 0,0 0,1 Adjusted sales ( 1) 283,3 290,2 -6,8 - 2,4% Gross margin
Slide 23: EBITDA (k€)
K€ Incl. acquisitions Total turnover EBITDA (k€) 100.000 20.000 90.000 15.000 80.000 10.000 70.000 5.000 60.000 0 50.000 -5.000 40.000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2016 2017 2018 2019 2020 2017 2018 2019 2020 2021 2022 2023 2024 2021 2022 2023 2024 23
Slide 24: Consolidated results YTD DEC 24
appendix Results YTD DEC24 Consolidated results YTD DEC 24 (in thousands of euros) FY24 FY23 Trend Sales 320.307 323.526 -3.220 Own construction capitalised 1.330 1.865 -535 Raw materials, consumables and goods for resale -52.491 -62.249 9.758 Gross Margin 269.146 263.143 6.003 % on sales ppts 84,0%
Slide 25: Results Mediafin
appendix Results YTD DEC24 Results Mediafin in €m ACT YTD DEC24 ACT YTD DEC23 SALES 88,5 83,6 EBITDA (statutory) 16,3 14,9 EBITDA (IFRS) (*) 18,6 16,6 EBITDA (IFRS) % of sls 21,0% 19,9% NET RESULT (before acquired intangibles amortizations) 9,2 7,9 Adjustments -1,9 -1,9 NET RESULT (IFRS) 7,3 5,9 ‘De