Reworld Media SA · EURONEXT:ALREW
Reworld Media SA — ODDO BHF NextCap Forum 2023
29 slides from Reworld Media SA's conference presentation, Jun 8, 2023
Slide 1: Reworld Media - ODDO BHF NextCap Forum
REWORLD MEDIA ODDO BHF NEXTCAP FORUM 8th June, 2023 CONTENT ● BRANDS ● TECHNOLOGIES
Slide 2: Preliminary Disclaimer
PRELIMINARY DISCLAIMER The information contained in this document, particularly that relating to expectations of future performance of Reworld Media Group, are forward-looking statements and may be subject to certain risks and uncertainties. Any references to past performance of Reworld Media Group
Slide 3: Contents
CONTENTS INTRODUCTION ACTIVITIES ACCOUNTS OUTLOOK
Slide 4: Introduction
INTRODUCTION 4
Slide 5: Key Figures 2022
KEY FIGURES 2022 Organic excluding Unify REVENUE: €505.8 M NET INCOME: €43.0 M REVENUE: €488.2 M +7.7% 25.0% +11.1% 8.5% +€18.3 M +3.9% vs. 2021 International vs. 2021 margin vs. 2021 vs. 2021 EBITDA: €67.4 M CASH: €118.3 M EBITDA: €67.0 M +1.0% 13.3% €98.2 M €24.6 M +0.3% 13.7% vs. 2021 margin in n
Slide 6: The Group Celebrates Its 10th Anniversary
THE GROUP CELEBRATES ITS 10TH ANNIVERSARY Success of the ambitious entrepreneurial strategy of a french group combining organic growth and external growth Assets acquired from Axel Assets acquired Mondadori Tradedoubler TF1 publisher Springer and from Lagardère France’s assets integrated assets acqu
Slide 7: Key Highlights 2022
KEY HIGHLIGHTS 2022 Strong organic Continued strategy of Inflationary climate financial performance selective acquisitions After the COVID crisis in 2020, a complex and uncertain environment At constant scope, solid financial Proven expertise: weighing on consumers and performance in 2022: ✓ Acquisi
Slide 8: Over 80 Active Media Brands
OVER 80 ACTIVE MEDIA BRANDS The Group continues to diversify its portfolio of thematics and brands thanks, in particular, to the acquisition in 2022 of Psychologies and Unify’s brands HEALTH WOMEN FOOD YOUNG AUTO 11 WELL-BEING affinity communities 83 brands and their variations SCIENCE ENTERTAIN TEC
Slide 9: Audience Leader in 11 Thematics
AUDIENCE LEADER IN 11 THEMATICS The Group is strengthening its position as leader in thematic media in France, enjoying strong audience growth HEALTH WOMEN FOOD YOUNG AUTO 37.5 million WELL-BEING people in France 9.3 million unique visitors 1 17.8 million unique visitors 3 17.3 million unique visito
Slide 10: A Unique and Diversified Platform
A UNIQUE AND DIVERSIFIED PLATFORM BTOC DIVISION PRODUCTION SOCIAL AND MEDIA Leader in thematic media in France CONTENT Consulting, production and SEO, Brand Content, advertising licences and brand Other BTOC platforms CONTENT TO Content, product and services offering in tune with consumers’ interest
Slide 11: Highlights
HIGHLIGHTS 11
Slide 12: BtoC: Continued Enhancement of the Offering
BTOC: CONTINUED ENHANCEMENT OF THE OFFERING Enhancement and diversification of the offering: new thematic areas, brands, services and products Print media contents Other contents Non-media Magazines Publishing Paywall TV Services and products In the past 3 years, In the past 3 years, more Exclusive
Slide 13: BtoC: Rigorous Management to Face Inflation
BTOC: RIGOROUS MANAGEMENT TO FACE INFLATION Revenue (€ M) Revenue by product -2.8% Unprecedented inflationary environment: ✓ Headline inflation +5.3%(1) 257,1 -€7.3 M ✓ Paper: doubled prices compared to 2021 249,8 Magazines Other -3.7% vs. 2021 +17.7% vs. 2021 31/12/21 31/12/22 Situation under contr
Slide 14: BtoB: A Dynamic and Evolving Market
BTOB: A DYNAMIC AND EVOLVING MARKET Communication market (€ Bn) Good dynamic of the global market: +5.7% CAGR(2), excluding 2020: +0.5% ✓ Continued recovery after the 2020 Covid crisis with +1.4 +3.2% varying trends depending on the media +1.5 +2.0 +2.3 +5.7% % % % % +17.0% ✓ Slowdown in growth in H
Slide 15: BtoB: Ranked 2nd Digital Media Group in France
BTOB: RANKED 2ND DIGITAL MEDIA GROUP IN FRANCE Reworld Media, a Digital leader(1) 33.9 million unique visitors(1), up by 24.3% 38,7 Record of 11.3 million unique visitors(1) for ✓ In the top 3 women's sites 33,9 ✓ +50% growth in 2021 and +91% in 2022 32,9 With the acquisition of Unify, Reworld Media
Slide 16: BtoB: A Key Player on Social Networks
BTOB: A KEY PLAYER ON SOCIAL NETWORKS New record level of use An increased influence, an extended offering Spotlight on 15-24 year olds 83% of 15-24 year olds use social media on a daily basis(1) 73.5 million followers non-duplicated(2) 61% of their online time is spent on these networks +42.0 milli
Slide 17: BtoB: Sales and EBITDA at Unprecedented Highs
BTOB: SALES AND EBITDA AT UNPRECEDENTED HIGHS Revenue, excluding Revenue (€ M) Unify (€ M) Increase in revenue and profitability, including at +20.4% +12.1% constant scope: 256,1 +€43.3 M +€25.7 M ✓ Organic growth in sales (+12.1%) and 238,4 profitability (+32.1%) 212,7 212,7 ✓ Unify’s contribution
Slide 18: Accounts
ACCOUNTS 18
Slide 19: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT In €M 31/12/2022 31/12/2021 Change (€M) Change (%) Revenue 505.8 469.8 36.0 +7.7% Operating costs (438.4) (403.1) (35.3) +8.8% EBITDA(1) 67.4 66.8 0.7 +1.0% Amortisation (4.9) (4.0) (0.9) +23.0% Amortisation of goodwill 1.9 (0.1) 2.1 n.a. EBIT(1) 64.5 62.6 1.9 +3.0% Fin
Slide 20: Simplified Consolidated Balance Sheet
SIMPLIFIED CONSOLIDATED BALANCE SHEET In € M 31/12/2022 31/12/2021 Change (€M) Fixed asset 348.7 243.1 105.5 Deferred tax assets 8.2 5.7 2.5 Current assets 176.9 138.2 38.7 Cash and cash equivalents 118.3 122.9 (4.6) Assets 652.1 510.0 142.1 Equity 176.3 135.1 41.2 Minority interests 14.3 14.3 (0.0)
Slide 21: Cash Flow
CASH FLOW In €M 31/12/2022 31/12/2021 Change (€m) EBITDA(1) 67.4 66.8 0.7 Operating cash flow effect (12.3) (9.9) (2.4) Operating flows 55.1 56.9 (1.8) Income tax (9.7) (8.1) (1.5) Exceptional cash effect (15.5) (11.1) (4.5) Cash flow from operating activities 29.9 37.7 (7.8) Cash flow from investin
Slide 22: Outlook
OUTLOOK 22
Slide 23: Strategic Roadmap
STRATEGIC ROADMAP 1 Continuing the Group’s development BTOC (€M) BTOB (€M) ✓ Offering high-quality media formats ✓ Maintaining profitability and assets ✓ Building a 360° and innovative offering ✓ Developing subscriptions ✓ Continued investment in the most ✓ Diversifying revenue sources promising dri
Slide 24: Strengthening Our Commitment to CSR
STRENGTHENING OUR COMMITMENT TO CSR Implementation of the “TOP” mission “TOP” ambitions, as a media and as a company ✓ Transmit : Promoting the Group’s values ✓ Optimise : Reducing environmental impact ✓ Promote : Supporting our employees Raising Ethical and awareness responsible Continued implement
Slide 25: Appendices
APPENDICES 25
Slide 26: Income Statement by Business Line
INCOME STATEMENT BY BUSINESS LINE BTOC (€M) BTOB (€M) +33.6% -2.8% -26.7% +20.4% +€10.3 M -€7.3 M -€9.6 M +€43.3 M 36,1 41,0 257,1 249,8 26,5 256,1 54.1% 39.2% 30,7 31/12/21 31/12/22 45.9% 60.8% EBITDA(1) 212,7 31/12/21 31/12/22 54.7% 49.4% EBITDA(1) 14.0% 10.6% 45.3% 50.6% 31/12/21 31/12/22 -3.4 pt
Slide 27: Income Statement by Business Line
INCOME STATEMENT BY BUSINESS LINE In €M 31/12/2022 31/12/2021 Change (€M) Change (%) BtoC revenue 249.8 257.1 (7.3) -2.8% BtoB revenue 256.1 212.7 43.3 +20.4% Revenue 505.8 469.8 36.0 +7.7% BtoC EBITDA 26.5 36.1 (9.6) -26.7% BtoC EBITDA margin 10.6% 14.0% -3.4 pts BtoB EBITDA 41.0 30.7 10.3 +33.6% B
Slide 28: Contacts
CONTACTS 8 rue Barthélémy Danjou 92100 Boulogne Billancourt reworldmedia.com investisseurs@reworldmedia.com Follow us also on: Sponsor listing: Euroland Corporate Contact: Julia Bridger jbridger@elcorp.com Communication Contact: PCE - Ségolène de St Martin sdestmartin@p-c-e.fr
Slide 29: Content, Brands, Technologies
CONTENT ● BRANDS ● TECHNOLOGIES