Slide 1: H1 Results
H1 RESULTS 21 JULY 2023 BRINGING PEOPLE TOGETHER | 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared solely for information uncertainties that could cause figures to materially differ or updates of the forward-looking information that may be purposes, as a supplement to information rendered public from those presented herein for forward-looking purpose
Slide 3: Contents
CONTENTS 1. H1 2023 operating highlights 2. H1 2023 results 3. Change in the balance sheet and net debt 4. ESG policy 5. Outlook BRINGING PEOPLE TOGETHER | 3
Slide 4: H1 Operating Highlights
H1 OPERATING HIGHLIGHTS BRINGING PEOPLE TOGETHER | 4
Slide 5: Strong business momentum remains on track
STRONG BUSINESS MOMENTUM REMAINS ON TRACK • Strong revenue growth continues to validate the Group's business model Quarterly change vs. 2022 • Growth in the percentage of international revenue in the Group regional sales mix: 44 % 59 % 12 % • Solid performance in France and the Americas • Resumption
Slide 6: Revenue: 690M, strong growth by all business lines
REVENUE: 690M, STRONG GROWTH BY ALL 3 BUSINESS LINES Revenue growth: +32% compared with 2022 (+29%) LFL • Live: +22 % • Exhibitions: +97 % • Venues: +19 % Number of events / Venues and Exhibitions Revenue growth by division 2019-2023 (€m) BRINGING PEOPLE TOGETHER | 6
Slide 7: Growth in all areas contributing to improvement in profitability
GROWTH IN ALL AREAS OF ACTIVITY CONTRIBUTING TO AN IMPROVEMENT IN PROFITABILITY Growth in revenue accompanied by an improvement in the Group's key performance indicators (EBITDA +€36m; +56%, Current Operating Income +€33m; +94%) Improvement in EBITDA and Current Operating Income margins driven b
Slide 8: Live - commercial momentum
LIVE - COMMERCIAL MOMENTUM A first half of high-stakes preparations for the next 6 to 18 months UCI RUGBY RYDER SANTIAGO PARIS EXPO CYCLING WORLD CHAMPIONSHIPS SCOTLAND WORLD CUP CUP ROME ITALY 2023 2024 2025 OSAKA JAPAN FRANCE 2023 PARAPANAM OLYMPIC GAMES Signage 2 temporary Furniture Overlays pa
Slide 9: Exhibitions - increased stake in Première Vision & continuing strong rebound
EXHIBITIONS - INCREASED STAKE IN PREMIÈRE VISION & CONTINUING STRONG REBOUND Remaining shares of Première Vision shares purchased in Q1 2023: • Opportunity to buy the leading upstream fashion exhibition before the market fully rebounds • Greater independence Rebound in exhibition business confir
Slide 10: Venues - managing the challenges
VENUES - MANAGING THE CHALLENGES Integration and business development of sites added in 2023 • Orléans • Vitacura • Parque Fisa Development of the Anhembi site: • Start of renovation work • Building permit granted for the construction of the Sao Paulo Arena • Continued development of the site's
Slide 11: Financial Performances
FINANCIAL PERFORMANCES BRINGING PEOPLE TOGETHER | 11
Slide 12: Live: business momentum & pressure on margins
LIVE: BUSINESS MOMENTUM & PRESSURE ON MARGINS Continuing growth in business: +22% Decline in operating profitability • Contraction of margins in France (overlay, structures) • Downturn in corporate business • Mega events with low margins • Rising fixed costs Margins expected to improve in H1 2
Slide 13: Exhibitions: positive biennial effect and continuing recovery
EXHIBITIONS: POSITIVE BIENNIAL EFFECT AND CONTINUING RECOVERY Revenue: +€71m • A recovery in China in Q2 2023, with a respectable performance by CACLP and Fashion Source and a rebound still expected for CIEC real estate sector exhibitions • Fashion industry exhibitions continue to rebound in Franc
Slide 14: Venues: strong growth in revenue and earnings
VENUES: STRONG GROWTH IN REVENUE AND EARNINGS Revenue: +€29m • The first full six-month period since the COVID 19 crisis • Growth in revenue driven in France by Lyon and Paris, and in international markets by Brazil and Hungary Growth in operating profitability: +€9m • Strong revenue in Brazil (
Slide 15: Current operating income: €67M (+94%)
CURRENT OPERATING INCOME: €67M (+94 %) Operating profitability up +3.2 points • Margin on variable costs up from H1 2022 (favourable business and geographical mix) • Ratio of purchases and external charges to revenue: -3.7 points • Payroll: increase contained by means of support measures introduce
Slide 16: Net income attributable to shareholders: €32M (+88%)
NET INCOME ATTRIBUTABLE TO SHAREHOLDERS: €32M (+88%) Net financial income (expense): -€4m vs. H1 2022 • Borrowing costs (+132 points vs. H1 2022, average rate 3.13 % vs. 1.81%): (+€7.2m) • Optimisation for returns on cash: (+€5.6m) • Decrease in foreign exchange income: (-€2.3m) Earnings before
Slide 17: Changes in the balance sheet and net debt
CHANGES IN THE BALANCE SHEET AND NET DEBT BRINGING PEOPLE TOGETHER | 17
Slide 18: Balance sheet position at 30 June 2023
BALANCE SHEET POSITION AT 30 JUNE 2023 Goodwill: • Change in scope €30m (Locabri) • Translation differences: -€12m (China) PPE & intangible assets • Buildings: €32m of which Sao Paulo (€16m) • Other Venues & IT: +€5m • Depr./Amort.: - €11m • Translation adjustments: €8m (Brazil) Capitalised re
Slide 19: Change in net debt: +€68M (-€8M excluding acquisitions)
CHANGE IN NET DEBT: +€68M (-€8M EXCLUDING ACQUISITIONS) Operating CF of €27m, in line with the CAPEX plan, including Anhembi, Live Division rental equipment, etc. Transition period for the RFR characterized by the consumption of advances from 560 exhibitions in H1 2023 following strong cash flow
Slide 20: Debt maturity & liquidity
DEBT MATURITY & LIQUIDITY Refinanced 2019 Euro PP 2016 Euro PP RCF & Euro PP renegotiated Short debt maturity period of 3.7 years after partially refinancing €70m of the 2023 bank borrowing costs, the EURO PP (€60m) and the RCF (€150m) Locabri's debts maintained Cash position maintained at a h
Slide 21: Sources of funds and financial ratios
SOURCES OF FUNDS AND FINANCIAL RATIOS Diversified and secure sources of financing • Debt held mainly by GL events • Fixed rate or hedged debt > 65 % Financial ratios YoY Calculation Calculation of financing Balance sheet as contracts Contractual presented (excluding the “recovery limit (pre-IFRS
Slide 22: Financial debt backed by long-term assets in the form of concessions
FINANCIAL DEBT BACKED BY LONG-TERM ASSETS IN THE FORM OF CONCESSIONS Concession agreements with operating terms sufficiently long to obtain a return of capital expenditures for construction and renovation Percentage of debt represented by assets under held under concession agreements: 54% Shor
Slide 23: ESG Policy
ESG POLICY BRINGING PEOPLE TOGETHER | 23
Slide 24: ESG policy - progress and results (1/3)
ESG POLICY - PROGRESS AND RESULTS (1/3) KEY ACTIONS CARRIED OUT IN H1 LOWERING THE CARBON FOOTPRINT • Group carbon assessment finalised and presented to all directors • Special summer energy conservation plan • Reduce energy consumption • Project to electrify vehicle fleet , investments for CNG powe
Slide 25: ESG policy - progress and results (2/3)
ESG POLICY - PROGRESS AND RESULTS (2/3) KEY ACTIONS CARRIED OUT IN H1 Limit the use of disposables and maximise• Lifecycle and sustainability analysis underway for Overlay activities, with investment plan our circular energy performance • Campaign to raise awareness about waste sorting by means of d
Slide 26: ESG policy - progress and results (3/3)
ESG POLICY - PROGRESS AND RESULTS (3/3) KEY ACTIONS CARRIED OUT IN H1 PROMOTING DIVERSITY AND REGIONAL • Renewal of partnerships with AES/Les Canaux and Sport dans la Ville • Signature of an agreement with the GESAT network of sheltered work DEVELOPMENT establishments • Developing GLO-CAL partnershi
Slide 27: Gaia/EthiFinance 2022 ratings
GAIA/ETHIFINANCE 2022 RATINGS GOVERNANCE EMPLOYMENT was awarded the EthiFinance 2023 certificate Bronze Level for its ESG performance in 2022 GL events ratings National Sector Revenue ranking ranking category ranking BRINGING PEOPLE TOGETHER | 27
Slide 28: H2 Outlook
H2 OUTLOOK BRINGING PEOPLE TOGETHER | 28
Slide 29: Key Group challenges in 2023
KEY GROUP CHALLENGES IN 2023 Managing inflation and margins Adding new Venues Reducing gross debt Impact of the economic environment Targeted M&A Business recovery in China BRINGING PEOPLE TOGETHER | 29
Slide 30: 2023 Guidance
2023 GUIDANCE GL events raises its revenue guidance after a better-than-expected H1 performance with a target for revenue growth of 8% in 2023, compared with 5% initially announced. Notwithstanding strong inflationary pressure, the Group confirms: • An improved operating margin based on a better
Slide 31: Upcoming events: Q3 2023 revenue: 18 October 2023
UPCOMING EVENTS: Q3 2023 REVENUE: 18 OCTOBER 2023 CONTACT: INFO.FINANCE@GL-EVENTS.COM +33 4 72 31 54 20 BRINGING PEOPLE TOGETHER | 31
Slide 32: Appendices
APPENDICES BRINGING PEOPLE TOGETHER | 32
Slide 33: Transition from reported to full IFRS accounts presentation
TRANSITION FROM REPORTED TO FULL IFRS ACCOUNTS PRESENTATION IFRS 16 & IAS 30/06/2023 €m 30/06/2023 29 impact Full IFRS Goodwill 825 3 827 PPE & intangible as s ets 398 0 399 IFRS 16 conces s ions and leas es 0 499 499 Rental equipment as s ets 155 0 155 Financial as s ets 85 0 85 Deferred taxes 18 6
Slide 34: Transition from reported to full IFRS accounts presentation
TRANSITION FROM REPORTED TO FULL IFRS ACCOUNTS PRESENTATION BRINGING PEOPLE TOGETHER | 34
Slide 35: Breakdown of capital and voting rights at 30 June 2023
BREAKDOWN OF CAPITAL AND VOTING RIGHTS AT 30 JUNE 2023 Number of shares at 30/06/2023: 29,982,787 LEI: 9695002PXZMQNBPY2P44 ISIN code: FR0000066672 SYMBOL: GLO Main index: CAC All shares Market: COMPARTMENT B (mid-caps) (EURONEXT PARIS) Eligibility for French Personal Equity Savings Pl
Slide 36: A comprehensive service offering combining assets and skills
A COMPREHENSIVE SERVICE OFFERING COMBINING ASSETS AND SKILLS A digital services offering tailored for each division > 5,000 20 countries employees GL EVENTS GL EVENTS GL EVENTS LIVE EXHIBITIONS VENUES €852m 2022 revenue €139m 2022 revenue €325m 2022 revenue 6% operating margin 13 % operating margin
Slide 37: H1 Results
H1 RESULTS 21 JULY 2023 BRINGING PEOPLE TOGETHER | 37