Vivendi Se · EURONEXT:VIV
Vivendi — Investor Presentation (May 2019)
17 slides from Vivendi's investor presentation, May 2019
Slide 1: Investor Presentation - May 2019
Investor Presentation- May 2019 1
Slide 2: Our key figures in 2018
Our key figures in 2018 A presence in 100+ 44,150 countries employees Revenue of €13.9 billion €2.7 billion invested in content Investor Presentation - May 2019 2
Slide 3: Build a global leader with European roots in content, media and communication
Build a global leader with European roots in content, media and communication Investor Presentation - May 2019 3
Slide 4: 83% of people regard entertainment as a vital necessity
83% of people regard entertainment as a vital necessity * * Latest Havas Prosumer report Investor Presentation- May 2019 4
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Slide 6: Key consolidated figures
Key consolidated figures In millions of euros 2017 2018 % Change % Organic change Revenues 12,518 13,932 + 11.3 % + 4.9 % Adjusted earnings before interest and income taxes 969 1,288 + 33.0 % + 24.7 % (EBITA)* Earnings before interest and 1,018 1,182 + 16.1 % income taxes (EBIT) Adjusted net income*
Slide 7: Revenues by business
Revenues by business % In millions of euros - IFRS 2017 2018 Change % Organic change Universal Music Group 5,673 6,023 + 6.2 % + 10.0 % Canal+ Group 5,198 5,166 - 0.6 % - 0.3 % Havas Group 1,211 2,319 na na Other businesses* 436 424 - 2.6 % + 4.3 % TOTAL VIVENDI 12,518 13,932 + 11.3 % + 4.9 % * Incl
Slide 8: EBITA by business
EBITA by business (Adjusted Earnings Before Interest and Income Taxes) In millions of euros 2017 2018 % Organic change Universal Music Group 761 902 + 22.1 % Canal+ Group 300 400 + 32.8 % Havas Group 111 215 na Other businesses (203) (229) na TOTAL VIVENDI 969 1,288 + 24.7 % Investor Presentation -
Slide 9: UMG: faster growth and improved profitability
UMG: faster growth and improved profitability Significant increase of streaming and Revenues evolution EBITA growth subscriptions revenues (in millions of euros and organic growth*) (in millions of euros and organic growth*) (in millions of euros and organic growth*) +37.3% +10.0% +22.1% +10.0% +35.
Slide 10: Canal+ Group: recovery of the activity in France and continuous growth internationally
Canal+ Group: recovery of the activity in France and continuous growth internationally Sustained growth Improvement of EBITA of the subscriber base before restructuring charges (in thousands) (in millions of euros and organic growth) +654 +21.8% +600 16,248 14,994 15,594 +29.5% Mainland France Inter
Slide 11: Havas Group: Strong momentum in the second half of 2018
Havas Group: Strong momentum in the second half of 2018 Sequential organic Net revenues breakdown by Margin**/Net revenues net revenues growth* division improvement Media 11.6% H2 2018 +2.7% 37% Creation 10.7% 46% 9.9% 10.9% H1 2018 -2.9% Havas Health & You 17% * At constant currency and perimeter *
Slide 12: Consolidated balance sheet
Consolidated balance sheet Assets December 31, Equity and liabilities December 31, (in billions of euros) 2018 (in billions of euros) 2018 Goodwill 12.4 Consolidated equity* 17.5 Intangible and tangible assets 5.0 Provisions 1.9 Financial investments 6.0 Net deferred tax liabilities 0.1 Net cash pos
Slide 13: Changes in cash position
Changes in cash position -0.6 -0.3 0.2 +2.3 +1.1 (2.3) Net debt as of CFFO Disposal of Dividends paid to Interest, taxes & Net cash as of December 31, 2017 financial assets shareholders others December 31, 2018 (in billions of euros) Investor Presentation - May 2019 13
Slide 14: Dividend per share (€)
Allocation of 2018 earnings Dividend per share (€) + 11.1% 0.50 0.45 2017 2018 Retained earnings after the dividend payment would stand at €1.9 billions Investor Presentation - May 2019 14
Slide 15: First quarter 2019 revenues
First quarter 2019 revenues % % In millions of euros - IFRS Q1 2018 Q1 2019 Change Organic change Universal Music Group 1,222 1,502 + 22.9 % + 18.8 % Canal+ Group 1,298 1,252 - 3.6 % - 3.3 % Havas Group 506 525 + 3.8 % + 0.1 % Editis* na 89 Other businesses** 98 91 TOTAL VIVENDI 3,124 3,459 + 10.7 %
Slide 16: 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. Although Vivendi believes that suc
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