Louis Hachette Group Sa · EURONEXT:ALHG
Louis Hachette Group Sa — Shareholder Meeting (April 2025)
70 slides from Louis Hachette Group Sa's shareholder meeting presentation, Apr 29, 2025
Slide 1: Annual Ordinary General Meeting
Annual Ordinary Tuesday, 29 April 2025 General Meeting 3.30 pm (CET)
Slide 2: Agenda Combined General Meeting: Summary Presentation
AGENDA Combined General Meeting 29 April 2025 SUMMARY PRESENTATION
Slide 3: Agenda / Summary Presentation
AGENDA / SUMMARY PRESENTATION ORDINARY MEETING ▪ 1st to 3rd resolutions Approval of the Company's financial statements and the consolidated financial statements for the year ended 31 December 2024 Allocation of the Company’s profit and dividend payment ▪ 4th resolution Approval of the Statutory Audi
Slide 4: Jean-Christophe Thiery, Arnaud Lagardère, Claire Léost
Jean-Christophe Thiery Chairman and Chief Executive Officer of Louis Hachette Group Arnaud Lagardère Combined General Meeting Chairman and Chief Executive Officer of Lagardère SA 29 April 2025 Claire Léost Chair of Prisma Media
Slide 5: Contents
Contents 1. Presentation of Louis Hachette Group 2. Lagardère World leader in publishing and travel retail 3. Prisma Media France’s leading publisher of magazines and online media 4. Conclusion I Combined General Meeting I 29 April 2025 2
Slide 6: 1. Presentation of Louis Hachette Group
1. Presentation of Louis Hachette Group Jean-Christophe Thiery Chairman and Chief Executive Officer of Louis Hachette Group
Slide 7: 2024 Key Dates and Figures
2024 KEY DATES AND FIGURES €9,235m €510m 13 December 2024 Revenue EBITA Vivendi SE transfers its 66.53% interest in Lagardère SA and its 100% interest in Prisma Media to Louis Hachette Group as part of the partial demerger More than 34,000 €421m employees Free cash flow 16 December 2024 Louis Hachet
Slide 8: Simplified Organisation Chart at 31 December 2024
SIMPLIFIED ORGANISATION CHART AT 31 DECEMBER 2024 31.04% Other 60.35% shareholders Arnaud Lagardère 8.61% Listed on Euronext Growth (Paris) 66.53% 100% Listed on Euronext Paris Other Activities I Combined General Meeting I 29 April 2025 5
Slide 9: 2024 Financial Profile
2024 FINANCIAL PROFILE 33% €2,873m of Group €289m Revenue revenue EBITA 5% 6% 24% + Revenue 60% 26% by geographic €5,812m of Group €266m Revenue revenue EBITA area + 39% 3% €257m of Group €(57)m Other Activities Revenue revenue EBITA France Europe (excl. France) + United States and Canada Asia-Pacif
Slide 10: Iconic Brands
ICONIC BRANDS I Combined General Meeting I 29 April 2025 7
Slide 11: More Than 34,000 Employees Worldwide
MORE THAN 34,000 EMPLOYEES WORLDWIDE Permanent workforce Permanent workforce Permanent workforce by by geographic area (%) by business (%) gender and business (%) Women Men Lagardère Travel Retail 63% 37% 72% Group Other Activities 64% 36% 3% Prisma Lagardère Publishing Media 3% 63% 37% Lagardère La
Slide 12: Governance
GOVERNANCE Management Board of Directors YANNICK BOLLORÉ PROPOSED RESOLUTION TO BE PUT TO THE VOTE Director Appointment of Arnaud Lagardère as a new director on the Louis Hachette Group Board of Directors. Effective on the date of his appointment as a director, Arnaud Lagardère JEAN-CHRISTOPHE THIER
Slide 13: A Leader Promoting Culture in France and Abroad (1/2)
A LEADER WORKING TO PROMOTE CULTURE IN FRANCE AND ABROAD THROUGH ITS UNIQUE KNOW-HOW (1/2) Louis Hachette Group's businesses produce and distribute cultural, educational and informative content. The Group therefore has a key role to play in promoting access to education and knowledge and defending f
Slide 14: A Leader Promoting Culture in France and Abroad (2/2)
A LEADER WORKING TO PROMOTE CULTURE IN FRANCE AND ABROAD THROUGH ITS UNIQUE KNOW-HOW (2/2) Media • Prisma Media reaches some 40 million French people each month with a diverse and innovative cultural offering • Daily programming on Europe 1 including cinema, literature, history, etc., also available
Slide 15: 2. Lagardère, world leader in publishing and travel retail
2. Lagardère, world leader in publishing and travel retail Arnaud Lagardère Chairman and Chief Executive Officer of Lagardère SA
Slide 16: Record Performance Confirming Long-Term Strategy
RECORD PERFORMANCE CONFIRMING THE SUCCESS OF THE GROUP’S LONG-TERM STRATEGY (€m) 10 000 593 700 520 6.6% 9 000 462 402 600 5.8% 339 327 342 378 395 417 378 438 6.4% 8 000 5.2% 399 4.6% 4.5% 4.8% 5.2% 5.3% 5.7% 5.2% 6.3% 500 5.6% 7 000 400 249 6 000 (155) 4.8% 300 5 000 (3.5%) 200 4 000 100 3 000 0 2
Slide 17: Lagardère Publishing
LAGARDÈRE PUBLISHING No. 3 book publishing group for the general public in the trade and educational markets worldwide No. 3 consumer publishing group worldwide 138,000 Over 200 Over 15,000 No. 1 publishing group in France, No. 2 in the UK, titles in digital publishing imprints new releases No. 3 in
Slide 18: Lagardère Publishing: 2024 Achievements
LAGARDÈRE PUBLISHING 2024 achievements ▪ Major publishing successes in France (Jacaranda by Gaël Faye, Lakestone by Sarah Rivens, Quelqu’un d’autre by Guillaume Musso, etc.) and worldwide (the Twisted and Kings of Sin series by Ana Huang, The Empyrean by Rebecca Yarros, The Housemaid by Freida McFad
Slide 19: Lagardère Publishing: Strategy
LAGARDÈRE PUBLISHING Strategy ▪ Offensive strategy ▪ Continuing to develop the operating performance of all business lines ▪ Strengthening our leadership position in creativity and innovation to build the publishing group of tomorrow for our readers, our authors and our broader stakeholders ▪ Proact
Slide 20: Lagardère Travel Retail
LAGARDÈRE TRAVEL RETAIL No. 3 Travel Retail operator worldwide No. 3 Travel Retail operator worldwide Nearly 5,000 Operations in some Operations in 700 rail and No. 2 Travel Retail operator in airports worldwide stores and 300 airports urban transport stations restaurants No. 1 Travel Essentials ope
Slide 21: Lagardère Travel Retail: 2024 Achievements
LAGARDÈRE TRAVEL RETAIL 2024 achievements ▪ Strong growth with record recurring EBIT, driven by rising air traffic and robust sales performances in its three complementary businesses (Travel Essentials, Duty Free & Fashion, and Dining) ▪ Position as a major player in the industry consolidated by sev
Slide 22: Lagardère Travel Retail: Strategy
LAGARDÈRE TRAVEL RETAIL Strategy ▪ Actively pursuing a network expansion policy ▪ Stepping up innovation and research focused on AI to optimise operating efficiency and enhance the customer experience I Combined General Meeting I 29 April 2025 19
Slide 23: Other Activities
OTHER ACTIVITIES Other Activities Media and entertainment 3 activities (managing More than 101 3 press titles 5m 161 venues, producing 1m spectators employees 1 global press readers* employees concerts, hosting and brand weekly and over 590 promotional services) artist dates 4 performance venues 3 r
Slide 24: Other Activities: 2024 and Early 2025 Achievements
OTHER ACTIVITIES Other Activities 2024 and early 2025 achievements ▪ Lagardère News / Elle International • Successful launch of two new press titles (Le JDNews and Le JDMag) and sale of Paris Match magazine • The Elle International network reached a record number of 50 Elle editions worldwide • Anno
Slide 25: Conclusion
CONCLUSION ▪ An exciting new page in our history, marked by our integration into Louis Hachette Group ▪ Vision and support of a strong anchor shareholder, with shared culture and values, to support the Group in its strategy ▪ Talented, committed and passionate teams I Combined General Meeting I 29 A
Slide 26: 3. Prisma Media
3. Prisma Media, France’s leading publisher of magazines and online media Claire Léost Chair of Prisma Media
Slide 27: Prisma Media: France's Leading Cross-Media Publisher
PRISMA MEDIA France's leading cross-media publisher Some 40m Some 125m 600m No. 1 magazine publisher in France French people magazines sold videos viewed reached each month each year each month No. 1 online media publisher in France Revenue by business (%) 40 leading brands in the general public and
Slide 28: Prisma Media: 2024 Achievements
PRISMA MEDIA 2024 achievements Consolidation of the luxury & lifestyle segment I Combined General Meeting I 29 April 2025 25
Slide 29: Prisma Media: Strategy
PRISMA MEDIA Strategy ▪ Continuing to set the pace on the magazine publishing market with new launches (Children and Young Adult, Luxury & Lifestyle) ▪ Diversifying revenue using a “content to commerce” approach, expanding presence on social media ▪ Seizing all opportunities associated with artifici
Slide 30: 4. Conclusion
4. Conclusion Jean-Christophe Thiery Chairman and Chief Executive Officer of Louis Hachette Group
Slide 31: Conclusion
CONCLUSION ▪ Bringing together world leaders in publishing, travel retail and media ▪ Talented, committed and passionate teams driven by shared values ▪ A key player in the promotion of culture in France and internationally through unique know-how ▪ Greater agility for each business to unlock our fu
Slide 32: Full-year 2024 results
Full-year 2024 results Combined General Meeting Grégoire Castaing 29 April 2025 Deputy Chief Executive Officer of Louis Hachette Group
Slide 33: Contents
Contents 1. Full-year 2024 results 2. Dividend and share price 3. Q1 2025 revenue I Combined General Meeting I 29 April 2025 2
Slide 34: 1. Full-year 2024 results
1. Full-year 2024 results LOUIS HACHETTE GROUP
Slide 35: Key Figures
KEY FIGURES 2023 Change (€m) 12 months, 2024 (%) pro forma Revenue 8,390 9,235 +10% EBITA(1) 490 510 +4% Free cash flow(1) 268 421 +57% I Combined General Meeting I 29 April 2025 1. Alternative performance measure 4
Slide 36: Solid Performance in 2024
SOLID PERFORMANCE IN 2024 2023 2024 12 months, pro forma Prisma Total Prisma Holding Total (€m) Lagardère Lagardère Media LHG Media company LHG Revenue 8,081 309 8,390 8,942 293 - 9,235 EBITA(1) 462 28 490 498 13 (1) 510 Free cash flow(1) 272 (4) 268 425 (7) 3 421 I Combined General Meeting I 29 Apr
Slide 37: Significant Deleveraging
SIGNIFICANT DELEVERAGING +€381m (€m) 212 67 421 (165) (1,826) (154) (2,207) Net debt Free Acquisitions Dividends Prisma Media Interest Net debt at end-2023 cash flow and disposals capital increase and other at end-2024 of assets I Combined General Meeting I 29 April 2025 6
Slide 38: Solid Balance Sheet
SOLID BALANCE SHEET (€m) 31 December 2024 (€m) 31 December 2024 Non-current assets 9,068 Total equity 2,976 Investments in equity-accounted Provisions 150 446 companies Non-current debt 1,851 Total current assets 2,736 Non-current liabilities 3,177 Cash and cash equivalents 422 Current debt 483 Curr
Slide 39: Income Statement
INCOME STATEMENT (€m) 2023 2024 Revenue 8,390 9,235 EBITA(1) 490 510 Profit before finance costs and tax 346 401 Finance costs, net (99) (149) Interest expense on lease liabilities (89) (107) Income tax expense (65) (93) Profit for the year 98 52 Non-controlling interests (53) (39) Profit – Group sh
Slide 40: 2. Dividend and share price
2. Dividend and share price LOUIS HACHETTE GROUP
Slide 41: Proposed Ordinary Dividend
PROPOSED ORDINARY DIVIDEND • Proposed ordinary dividend of €0.06 per share in respect of 2024(1) • Ex-dividend date: 6 May 2025, dividend paid from 8 May 2025 I Combined General Meeting I 29 April 2025 1. Dividend resolution submitted by the Board of Directors 10
Slide 42: Share Price Since Stock Market Listing
SHARE PRICE SINCE STOCK MARKET LISTING Rebased at 100 corresponding to the opening share price at 16 December 2024 LHG: +12.9% 100 Euronext Growth – All Shares: -3.6% 16 16December décembre 2024 2024 16 16 January 2025 janvier 2025 16 février 16 February 2025 2025 16mars 16 March 2025 2025 1616 Apri
Slide 43: 3. Q1 2025 revenue
3.Q1 2025 revenue LOUIS HACHETTE GROUP
Slide 44: Publishing: Revenue Growth Driven by Solid Momentum
PUBLISHING: REVENUE GROWTH DRIVEN BY SOLID MOMENTUM IN ALL GEOGRAPHIC AREAS ▪ By geographic area(1) Q1 2025 revenue United Kingdom (2) France 30% 27% €623m up 8% Other Europe Spain 5% 4% Rest of the ▪ All regions contributed to growth world United States 4% ▪ The UK performed well, buoyed by the and
Slide 45: Travel Retail: Continued Growth After Record 2024
TRAVEL RETAIL: CONTINUED GROWTH AFTER A RECORD YEAR IN 2024 ▪ By geographic area(1) Q1 2025 revenue Asia-Pacific €1,301m 5% France 17% up 5% Americas 28% ▪ All regions contributed to growth except for EMEA North Asia (excl. France) 50% ▪ Strong growth in EMEA (excluding France), lifted by the conces
Slide 46: Other Activities: Revenue Growth Driven by News & Radio
OTHER ACTIVITIES: REVENUE GROWTH DRIVEN BY NEWS & RADIO Other Activities Q1 2025 revenue ▪ By business €54m up 4%(1) Radio News 33% 26% ▪ Revenue growth driven mainly by News & Radio unit (up 5%), thanks to continued expansion in audience numbers at Europe 1, growth in press and international licens
Slide 47: Prisma Media: Leading Position Confirmed
PRISMA MEDIA: LEADING POSITION CONFIRMED ▪ Advertising revenue Q1 2025 revenue €69m down 3% ▪ Structural decline in the print distribution market (subscription and physical sales) Digital Print ▪ Leading position in digital audience 61% 39% ▪ Further development of the Luxury & Lifestyle unit ▪ Digi
Slide 48: LHG: Revenue of More Than €2bn in Q1 2025
LHG: REVENUE OF MORE THAN €2BN IN Q1 2025 Reported Like-for-like (€m) Q1 2024 Q1 2025 change change (%) (%) Lagardère Publishing 576 623 +8.0% +4.6% Lagardère Travel Retail 1,242 1,301 +4.7% +3.9% Other Activities 65 54 -14.0% +3.6% Total revenue – Lagardère group 1,883 1,978 +5.1% +4.1% Prisma Medi
Slide 49: Q1 2025 Revenue by Geographic Area
Q1 2025 REVENUE BY GEOGRAPHIC AREA(1) Eastern Europe 14% vs 12% in Q1 2024 Western Europe(2) United States and Canada 26% vs 24% in Q1 2024 28% France vs 27% in Q1 2024 22% vs 25% in Q1 2024 Asia-Pacific 6% vs 7% in Q1 2024 €2,047m +€93m Latin America, Middle East and Africa 4% vs 5% in Q1 2024 I Co
Slide 50: 2024 CSR Report
2024 CSR REPORT Combined General Meeting Céline Soubranne CSR Director 29 April 2025
Slide 51: Commitment to People
COMMITMENT TO PEOPLE Gender equality, already a strong asset for the Group ▪ 63% women employees and 60% women managers 46% of top ▪ Initiatives in all divisions to develop female talent and encourage executives career progression are women Preventing harassment and all forms of discrimination ▪ Tra
Slide 52: Commitment to the Environment
COMMITMENT TO THE ENVIRONMENT Decarbonisation: a priority for all the Group’s businesses 3.88 tCO /FTE 2 ▪ Plans already in place to reduce Scopes 1 & 2 emissions and certain for Scopes 1 & 2 and Scope 3 emissions (business travel): energy savings, use of renewable partial Scope 3 in 2024 energies,
Slide 53: Commitment to Society
COMMITMENT TO SOCIETY The joy of reading, accessible to all ▪ Continued progress on offering Lagardère Publishing new releases in 98% audiobook and ePub format (for people with disabilities or learning of new releases difficulties) in ePub 2 format (vs 84% in 2023) ▪ 20,400 paper and digital magazin
Slide 54: Commitment to Responsible Governance
COMMITMENT TO RESPONSIBLE GOVERNANCE 87% of Lagardère Anti-corruption training for all employees employees received training ▪ An e-learning module launched in 2024 at Lagardère to prevent high-risk in 2024 behaviours and develop the right reflexes ▪ Training for new arrivals at Prisma Media, with a
Slide 55: Reports of the Statutory Auditors
REPORTS Combined General Meeting OF THE STATUTORY 29 April 2025 AUDITORS
Slide 56: Summary
Summary 1. Statutory Auditors’ missions 2. Report on the 2024 annual financial statements 3. Report on the 2024 consolidated financial statements 4. Special report on related-party agreements I Combined General Meeting I 29 April 2025 2
Slide 57: Statutory Auditors' Missions
1. STATUTORY AUDITORS’ MISSIONS Main missions ▪ The certification of the 2024 annual accounts of Louis Hachette Group (report on page 278 of the 2024 Annual Report) ▪ The certification of the 2024 consolidated financial statements of Louis Hachette Group (report on page 280 of the 2024 Annual Report
Slide 58: Report on the 2024 Annual Financial Statements
2. REPORT ON THE 2024 ANNUAL FINANCIAL STATEMENTS Opinion on accounts ▪ Report on the annual accounts on page 278 of the 2024 Annual Report, subject of the first resolution • Unqualified certification of the annual accounts: "In our opinion, the financial statements give a true and fair view of the
Slide 59: Report on the 2024 Consolidated Financial Statements
3. REPORT ON THE 2024 CONSOLIDATED FINANCIAL STATEMENTS Opinion on accounts ▪ Report on the consolidated financial statements on page 280 of the 2024 Annual Report, subject of the second resolution • Unqualified certification of the consolidated financial statements: "In our opinion, the consolidate
Slide 60: Special Report on Related-Party Agreements
4. SPECIAL REPORT ON RELATED-PARTY AGREEMENTS Special report on related-party agreements ▪ Special report on related-party agreements on page 283 of the 2024 Annual Report, subject of the fourth resolution ▪ We have no comments to report on the resolution submitted to your vote New agreements in 202
Slide 61: Presentation and Vote on Resolutions
PRESENTATION AND VOTE Combined General Meeting 29 April 2025 ON RESOLUTIONS
Slide 62: 1st Resolution (Ordinary)
1st RESOLUTION (ORDINARY) • Approval of the Company's financial statements for the year ended 31 December 2024 I Combined General Meeting I 29 April 2025 2
Slide 63: 2nd Resolution (Ordinary)
2nd RESOLUTION (ORDINARY) • Approval of the consolidated financial statements for the year ended 31 December 2024 I Combined General Meeting I 29 April 2025 3
Slide 64: 3rd Resolution (Ordinary)
3rd RESOLUTION (ORDINARY) • Allocation of the Company's profit and dividend payment I Combined General Meeting I 29 April 2025 4
Slide 65: 4th Resolution (Ordinary)
4th RESOLUTION (ORDINARY) • Approval of the Statutory Auditors’ special report on related-party agreements I Combined General Meeting I 29 April 2025 5
Slide 66: 5th Resolution (Ordinary)
5th RESOLUTION (ORDINARY) • Appointment of Arnaud Lagardère as a director for a four-year term I Combined General Meeting I 29 April 2025 6
Slide 67: 6th Resolution (Ordinary)
6th RESOLUTION (ORDINARY) • Appointment of Deloitte & Associés as Statutory Auditor responsible for auditing sustainability information, subject to conditions subsequent I Combined General Meeting I 29 April 2025 7
Slide 68: 7th Resolution (Ordinary)
7th RESOLUTION (ORDINARY) • Appointment of Grant Thornton as Statutory Auditor responsible for auditing sustainability information, subject to conditions subsequent I Combined General Meeting I 29 April 2025 8
Slide 69: 8th Resolution (Extraordinary)
8th RESOLUTION (EXTRAORDINARY) • Amendment to article 10.2 of the Articles of Association I Combined General Meeting I 29 April 2025 9
Slide 70: 9th Resolution (Ordinary)
9th RESOLUTION (ORDINARY) • Powers for formalities I Combined General Meeting I 29 April 2025 10
Louis Hachette Group — Shareholder Meeting (April 2025) on 6ix