Lagardere Sa · EURONEXT:MMB
Lagardere Sa — Q1 2021 Earnings Presentation
15 slides from Lagardere Sa's earnings presentation, Apr 27, 2021
Slide 1: Q1 2021 Revenue
La vie secréte des écrivains Q1 2021 REVENUE Lag ardere 27 April 2021
Slide 2: Disclaimer
Q1 2021 revenue / 27 April 2021 DISCLAIMER By reading this presentation, you agree to be bound by the following limitations and qualifications: This presentation is for information purposes only and does not constitute an offer or solicitation for the sale or purchase of any securities, any part of
Slide 3: Q1 2021 Revenue Highlights
Q1 2021 revenue / 27 April 2021 Q1 2021 REVENUE HIGHLIGHTS Lagardère Q1 2021 revenue driven by lockdown trends: different effects on businesses ▪ Comparison base mainly Pre-Covid in Q1 2020: Covid impact starting mid-March 2020 Lagardère Publishing: sales growth on the back of strong book offer and
Slide 4: Revenue Change
Q1 2021 revenue / 27 April 2021 Q1 2021 REVENUE CHANGE (€m) Like-for-like vs. Q1 2020 1,361 Like-for-like vs. Q1 2019 40 60 +63 +13.9% 905 804 +10.1% 55 (451) (5) (34) (29) 341 -56.1% -10.4% -63.1% -16.0% 457 509 Q1 2020 Lagardère Lagardère Other Activities Scope FX Q1 2021 revenue Publishing Travel
Slide 5: Lagardère Publishing
Q1 2021 revenue / 27 April 2021 LAGARDÈRE PUBLISHING General Literature driving strong Q1 2021 revenue, on the back of ongoing lockdowns ▪ General Literature and Illustrated Books segments driving Q1 2021 growth ▪ Ongoing reader interest for Digital e-book and audiobook formats €m 2020 Scope FX Like
Slide 6: Book sales growth led by successful editorial choices and backlist
Q1 2021 revenue / 27 April 2021 BOOK SALES GROWTH LED BY SUCCESSFUL EDITORIAL CHOICES AND BACKLIST, IN EXTENDED LOCKDOWN CONTEXT 2020 & 2021ytd yoy like-for-like quarterly revenue trend ▪ General Literature & Illustrated Books best-sellers in several geographies: Bridgerton, Lupin and Attack on +14%
Slide 7: Lagardère Travel Retail
Q1 2021 revenue / 27 April 2021 LAGARDÈRE TRAVEL RETAIL Duty Free operations (Hainan, China) Revenue linked to air traffic, with positive signs in geographies experiencing some traffic recovery (US and China) ▪ North America: gradual recovery thanks to vaccination campaign / easing of restrictions;
Slide 8: Greater China & US increased share in Q1 2021 revenue
Q1 2021 revenue / 27 April 2021 GREATER CHINA & US INCREASED SHARE IN Q1 2021 REVENUE Q1 2020 revenue by geographic area Q1 2021 revenue by geographic area Greater Greater China China 14% 4% US & Canada US & Canada Other Asia- Other Asia- 27% 28% Pacific Pacific 7% 4% €804m €341m France France 20% 1
Slide 9: Travel Retail overall dynamics similar to Q4 2020
Q1 2021 revenue / 27 April 2021 Q1 2021 TRAVEL RETAIL OVERALL DYNAMICS SIMILAR TO Q4 2020 2020 & 2021ytd monthly like-for-like revenue vs. 2019 (vs. passenger traffic) Air traffic trends drove Q1 2021 dynamics +1% ▪ Travel Essentials better performance than other segments due to stronger domestic tr
Slide 10: Other Activities
Q1 2021 revenue / 27 April 2021 OTHER ACTIVITIES* ▪ Slight increase of Radio performance ▪ Revenue from Press impacted by lower Circulation activity in a lockdown context ▪ Licensing sales decrease vs. 2020 due to health crisis ▪ Entertainment revenue affected by venue closures €m 2020 Scope FX Like
Slide 11: Liquidity & Outlook
Q1 2021 revenue / 27 April 2021 LIQUIDITY & OUTLOOK ▪ Solid liquidity of c. €2.0bn as of 31 March 2021 thanks to favourable cash generation from activities ▪ Fully undrawn RCF (€1.1bn) as of 31 March 2021 ▪ Confirmed outlook: • Lagardère Publishing book sales boosted by lockdown context, expected to
Slide 12: Q&A
Q1 2021 revenue / 27 April 2021 Q&A
Slide 13: Appendix
Q1 2021 revenue / 27 April 2021 APPENDIX
Slide 14: Revenue by Geographic Area
Q1 2021 revenue / 27 April 2021 Q1 2021 REVENUE BY GEOGRAPHIC AREA 27% 28% 28% 25% 24% 22% 11% 12% 9% 10% 2% 2% Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 France Western Europe Eastern Europe USA & Canada Asia-Pacific Latin America, Middle East, A
Slide 15: Definitions
Q1 2021 revenue / 27 April 2021 DEFINITIONS Lagardère uses alternative performance measures which serve as key measures of the Group's operating and financial performance. These indicators are tracked by the Executive Committee in order to assess performance and manage the business, as well as by in