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Vivendi — Vivendi Universal — Shareholder Meeting (April 2003)
10 slides from Vivendi's shareholder meeting presentation, Apr 30, 2003
Slide 1: 2003 Operational Outlook & Priorities
2003 Operational Outlook & Priorities Jean-Bernard Levy Chief Operating Officer
Slide 2: Important Legal Disclaimer
Important Legal Disclaimer This presentation contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking
Slide 3: 2003 Objectives
Some of the businesses will be divested in the course of 2003. However, we present - for the 6 main businesses - the operational and financial objectives that we have set. 2003 Objectives Strengthen Vivendi Universal's financial situation Achieve the disposal program Manage the businesses
Slide 4: Cegetel/SFR: 2003 Objectives
Cegetel/SFR: 2003 Objectives Outlook: Revenues: expected to grow around 5% on a like-to-like basis. Operating Income: expected to grow by more than 25%. Cash flow from operations: stable due to increased capital expenditures (UMTS). Priorities: Continue to improve market shares, traffic and profitab
Slide 5: Universal Music Group: 2003 Objectives
Universal Music Group: 2003 Objectives * 2003 Assumption: US$ 1 = € 1 Outlook*: Revenues: slight decrease at constant currency. Correlative decrease in operating margins. Cash flow from operations: stable Priorities: Continue to increase market share. Develop the best talents and anticipate new tren
Slide 6: Vivendi Universal Entertainment: 2003 Objectives
Vivendi Universal Entertainment: 2003 Objectives Outlook*: Revenues: slight increase in dollar terms. Operating margins: stable. Cash flow from operations: significant growth expected. Priorities: Release new movies (The Hulk, Peter Pan, American Wedding, Sea Biscuit, ...). Boost the audience of the
Slide 7: Canal+ Group: 2003 Objectives
Canal+ Group : 2003 Objectives Outlook: Revenues: stable at constant perimeter. Operating Income: positive for the first time since 1996. Cash flow from operations: still negative but significant improvement expected. Priorities: Disposal of non-core activities and focus on profitable activities. Re
Slide 8: Maroc Telecom: 2003 Objectives
Maroc Telecom: 2003 Objectives Outlook: Revenues: stable. Operating Income: slight improvement. Cash flow from operations: stable. Priorities: Continue to grow in mobile telephony and stabilize market share. Reverse the downward trend in fixed-line telephony. Continue to modernize the network and im
Slide 9: Vivendi Universal Games: 2003 Objectives
Vivendi Universal Games: 2003 Objectives Outlook *: Revenues: significant growth. Operating margin: target at 10% of revenues. Cash flow from operations: growth expected. Priorities: Launch new games, benefiting from the "franchise" leverage. Continue to increase presence on the console games market
Slide 10: Group Objectives in 2003
Growth in Operating Income should be driven by: The continued strong growth in Telecoms (SFR/Cegetel/Maroc Telecom). Canal+ Group swinging back to a positive Operating Income. The significant reduction in Holding's, Internet activities' and non-core activities' losses. Growth in Cash flow from opera