Television Francaise 1 Sa · EURONEXT:TFI
Television Francaise 1 Sa — TF1 Group — Investor Presentation (July 2026)
47 slides from Television Francaise 1 Sa's investor presentation, July 2026
Slide 1: Investor presentation
Investor presentation KOH-LANTA
Slide 2: Disclaimer
Disclaimer This presentation contains rounded figures and forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, but are not limited to: financial projections, forecasts and estimates and their underlying
Slide 3: Agenda
01. Who we are P.4 02. Strategy update P.8 03. Segment deep dive P.16 04. H1 2026 financials P.25 05. Extra-financial performance P.32 06. Share information P.38 07. Appendix P.41 3 INVESTOR PRESENTATION
Slide 4: Who we are
01. Who we are BONJOUR! TF1’S MORNING SHOW
Slide 5: TF1 group's history
1987 TF1 group’s history The Bouygues group becomes the reference shareholder of the 2026 2018 TF1 channel Launch of TF1+ on Netflix, TF1 Ad Manager First distribution agreements and the midtail initiative 2020 signed with the French telecom Launch of Salto, the SVOD platform operators with France T
Slide 6: TF1 group's activities: broadcasting, streaming and production
TF1 group’s activities: broadcasting, streaming and production Media 2025 REVENUE 2025 REVENUE BROADCASTING, STREAMING, CONTENT PRODUCTION OTHER ACTIVITIES €1.9bn & DISTRIBUTION €376m FTA CHANNELS DRAMA / SCRIPTED THEME CHANNELS ENTERTAINMENT STREAMING SERVICES ADVERTISING ASSOCIATED TV MOVIES ANIMA
Slide 7: 2025 Highlights
2025 Highlights Broadly stable Ad revenue impacted Strong consolidated by structural trends, growth Strengthened audience leadership revenue exacerbated by an in digital LFL & AT CONSTANT FX unstable environment W<50PDM 25-49 Y/O TF1+ Group revenue Group advertising revenue advertising revenue 34.5%
Slide 8: Strategy update
02. Strategy update DANSE AVEC LES STARS
Slide 9: Ambition: primary premium destination on TV screens for family entertainment
Establish the Group as the primary premium destination on TV screens Ambition for family entertainment and quality news in French 9 INVESTOR PRESENTATION
Slide 10: Strategy
Strategy Strengthen the group’s leadership in the linear advertising market Become the leading free streaming platform in France and in French-speaking markets Reinforce Studio TF1’s position on the international stage by leveraging TF1 brand’s appeal 10 INVESTOR PRESENTATION
Slide 11: Market momentum: a strategic opportunity
Market momentum: a strategic opportunity The digital video advertising TV screens are connected Video consumption market is now bigger than the like smartphones shifts to “on-demand” linear TV market Daily TV/video consumption (4+ target) Net advertising revenue (€bn) 77% 4h17 4h13 €6.6bn Social 0h3
Slide 12: Linear: consolidate our market share in a declining TV ad market
Linear: consolidate our market share in a declining TV ad market With our powerful franchises With a new segmentation of our ad offering generating leading share of premium ad inventories on commercial targets Iconic unscripted franchises Unique prime-time Multi-channel inventories offer Premium Fre
Slide 13: Establish as a primary destination for viewers and advertisers
Establish as a primary destination for viewers and advertisers INCREASE CONSUMPTION IMPROVE MONETISATION Extend the reach Enhance catalogue with Develop new forms Address advertisers’ needs from of the Group’s content complementary audiovisual content of monetisation brand awareness to conversion Di
Slide 14: Enhance our media buying attractiveness on both linear and digital
Enhance our media buying attractiveness on both linear and digital and target a new market segment Enhance our media Attract buying attractiveness new advertisers Address the midtail through a dedicated offer Launch of TF1 Ad Manager 4 drivers Transactional and Objectives service-oriented platform o
Slide 15: Outlook
Outlook 2026 priorities 2026 deliveries Daily shows, premium drama and unscripted content for French and foreign broadcasters as well as global streaming services Secure the business in France with long-standing partners Matar a un oso Day One Keep broadening the client mix via platform collaboratio
Slide 16: Segment deep dive
03. Segment deep dive STAR ACADEMY
Slide 17: Media
03. Segment deep dive Media L’ÉTÉ 36
Slide 18: A strong value proposition
A strong value proposition Unrivalled daily reach among media TF1 channels: the best ROI on the French TV market invested = ROI 77% TF1 DTT channels TF1 channel 53% 11% of TV 10% 43% of TV 41% sales contribution of investments sales contribution of investments 34% TF1 DTT channels TF1 channel ROI: €
Slide 19: Audience leadership in FY25
Audience leadership in FY25 Best ratings on targets Significant lead over main competitor W<50PDM 25-49 Y/O 15-34 Y/O 34.5 +9.5 pts W<50PDM vs main competitor 22.9 43/50 43/50 43/50 13.4 9.0 4.7 4.4 3.8 2.9 2.8 2.4 2.0 1.8 0.7 0.5 Best ratings in all genres * TF1 M6 F2 TMC W9 TFX F3 6ter Gulli F5 LC
Slide 20: Update on streaming
Update on streaming Virtuous linear & streaming strategy Progress on all building blocks 25-49 Y/O NON- LINEAR LINEAR Awareness Visibility Consumption Ad inventories CPM 80% 20% 38m AIDED FIRST STREAMERS3 AD CPM monthly average AWARENESS1 VISIBILITY2 LOAD €13.5 in 2025 81% 69% vs 33m in 2024 5’14 20
Slide 21: Segment deep dive
03. Segment deep dive MARIE-ANTOINETTE
Slide 22: A multi-country footprint
a multi-country footprint 22 INVESTOR PRESENTATION
Slide 23: A broad pool of producers
a broad pool of producers France United-Kingdom Netherlands Belgium Germany Norway Sweden USA Spain Finland Denmark Canada 23 INVESTOR PRESENTATION
Slide 24: FY25 highlights
FY25 highlights Drama Production Distribution Revenue of €376m in 2025 +9% year on year COPA of Movies Unscripted €40m in 2025 +€2m year on year ~1.2m ~705k ~490k ~470k 24 tickets sold tickets sold tickets sold tickets sold INVESTOR PRESENTATION
Slide 25: H1 2026 financials
04. H1 2026 financials SECRET STORY
Slide 26: H1 2026 Highlights
H1 2026 Highlights Leadership maintained Strong Studio TF1’s in a challenging context growth in digital activity skewed towards H2 Group revenue Group advertising advertising revenue Studio TF1 revenue revenue Unmatched audience leadership W<50PDM 25-49 Y/O €993m €714m +18.6% €124m 33.2% 29.8% -6.4%
Slide 27: Consolidated revenue per segment
Consolidated revenue per segment (€m) Q2 2026 Q2 2025 CHG.% H1 2026 H1 2025 CHG.% MEDIA • Advertising: Media 455 514 (11.4%) 869 975 (10.8%) o/w digital revenue 74 63 +16.8% 134 114 +17.1% ▪ Strong TF1+ growth, with new initiatives set to further contribute in H2 Advertising revenue 377 419 (10.0%)
Slide 28: Current operating profit from activities per segment
Current operating profit from activities per segment (€m) Q2 2026 Q2 2025 CHG. H1 2026 H1 2025 CHG. MEDIA • Premium programming maintained in Q1 Media 65 81 (16) 81 125 (44) to support the TF1 Prime / TF1 Reach new o/w programming costs (211) (230) +19 (433) (451) +19 segmentation • Q2 margin reachi
Slide 29: Consolidated income statement
Consolidated income statement (€m) Q2 2026 Q2 2025 CHG. H1 2026 H1 2025 CHG. Consolidated revenue1 521 583 (10.5%) 993 1103 (9.9%) Total costs of programmes (211) (230) +19 (433) (451) +19 Other charges, depreciation, amortisation and provisions (247) (265) +18 (484) (521) +37 Current operating prof
Slide 30: Solid net cash position at end-June 2026
Solid net cash position at end-June 2026 Free cash flow before changes in WCR €55 million 149 (6) 2 515 (1) (88) 432 (139) €m Free cash flow after changes in WCR €57 million Opening net cash Net cash Repayment of Net capital Changes in Acquisitions / Dividends / Closing net cash position at flow1 le
Slide 31: Full-year 2026 guidance maintained
Full-year 2026 guidance maintained with visibility remaining limited Capitalising on its strategy, on its new digital Against a backdrop of rapidly changing consumption initiatives and on its solid financial position, habits and a persistently unstable macroeconomic and the Group’s targets are as fo
Slide 32: Extra-financial performance
05. Extra- financial performance
Slide 33: Our CSR strategy: 3 key pillars
Our CSR strategy 3 key pillars Contributing to the Acting towards a more Strengthening our role ecological transition united society as a trusted media company 33 INVESTOR PRESENTATION
Slide 34: Environment
Decarbonising our activities and sector 32% of in-house production hours eco- produced in 2025* *towards a 100% target by 2028 Raising awareness among our audiences about ecological transition Environment Contributing to the +1,100 environmental topics in TV news programs ecological transition « Dem
Slide 35: TF1 Group's decarbonisation strategy
TF1 Group’s decarbonisation strategy Baseline year Carbon footprint : -28% on Scopes 1 and 2 -11% on Scope 3a Targets validated by the 119 ktCO2 (vs 2021) SBTi : -42% on Scopes 1 and 2 -25% on Scope 3a 105 ktCO2 (vs 2021) 89 ktCO2 Environment 2021 2025 2030 Contributing to the Contribution by decarb
Slide 36: Social & societal
Representing the French population and its territories Women’s rugby 8th edition of « Le plus beau marché » 5th cohort of Social & societal « Expertes à la une » Live television and series Acting for a more Fostering national cohesion and promoting solidarity united society « Nos voix pour Documenta
Slide 37: Societal & governance
Ensuring reliable, high-quality and innovative information 6.2m followers on TikTok for TF1 Info and LCI Launch of TF1+ news podcasts Promoting media literacy and Societal & fighting fake news governance +600 articles by Les Vérificateurs Strengthening our on TF1 Info in 2025 role as a trusted media
Slide 38: Share information
06. Share information LCI MORNING SHOW
Slide 39: Share ownership & stock market information
Share ownership & stock market information Stock market information Ownership Coverage & structure* recommendations Quote: Euronext Paris Market: Compartment A ISIN: FR0000054900 47% 12% 7 CFI: ESVUFN ICB: 403010 Media ANALYSTS Ticker: TFI Major Market Indexes: • SBF 120 2/7 BUY • CAC MID 60 • CAC M
Slide 40: 5% year-on-year increase in dividend per share
5% year-on-year Dividend trend (2021-2025) (€/share) increase in dividend per share +40% €0.63 €0.60 €0.55 €132m1 €0.50 €0.45 €0.63 PER SHARE 2021 2022 2023 2024 2025 DIVIDEND YIELD2 5% 7% 8% 8% 8% 1 Based on 210.3m shares on 23/04/2026 (dividend payment date) 2 Based on the closing share price on 3
Slide 41: Appendix
07. Appendix PANDA
Slide 42: FY25 Consolidated revenue per segment
FY25 Consolidated revenue per segment (€m) FY 2025 FY 2024 CHG.% MEDIA Media 1,921 2,011 (4.5%) Advertising Advertising revenue 1,574 1,644 (4.3%) ▪ Continued strong momentum for TF1+, with 36% growth o/w TF1+ advertising revenue 198 146 +35.8% ▪ Linear impacted by structural trends and exacerbated
Slide 43: FY25 COPA per segment
FY25 COPA per segment (€m) FY 2025 FY 2024 CHG. MEDIA Media 212 259 (47) o/w programming costs (967) (986) +19 Impact from decrease in linear advertising revenue mitigated by: • Active portfolio management generating a €38m capital gain (vs €27m related to Ushuaia in 2024) Margin 11.0% 12.9% (1.8 pt
Slide 44: FY25 Consolidated income statement
FY25 Consolidated income statement (€m) FY 2025 FY 2024 CHG. Consolidated revenue1 2,297 2,356 (2.5%) Programming costs (967) (986) +19 Other charges, depreciation, amortisation and provisions (1,078) (1,073) (5) Current operating profit from activities 252 297 (45) Margin from activities 11.0% 12.6
Slide 45: Solid net cash position at end-December 2025
Solid net cash position at end-December 2025 Free cash flow before changes in WCR €85 million NET CASH POSITION 447 +€9m year on year (12) 506 19 515 (350) 17 (112) €m Free cash flow after changes in WCR €102 million Opening net cash Net cash Repayment of Net capital Changes in Acquisitions / Divide
Slide 46: Contact
Contact TF1 GROUP Pierre-Alain GÉRARD Stéphane FEIST 1 Quai Du Point Du Jour 92 656 Boulogne-Billancourt Cedex EVP Finance, Strategy & Procurement Head of Investor Relations France https://www.groupe-tf1.fr/en Adrien WIART Quentin MASSÉ INVESTOR RELATIONS TEAM Head of M&A, Business Plan Investor Rel
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