PRESENTATION INVESTORS NOVEMBER 2018
DISCLAIMER STATEMENTS CONTAINED IN THIS DOCUMENT, THE CONTENT OF THIS DOCUMENT MUST NOT BE PARTICULARLY THOSE CONCERNING FORECASTS ON CONSIDERED AS AN OFFER DOCUMENT OR AS A FUTURE M6 GROUP PERFORMANCE, ARE FORWARD- SOLICITATION TO BUY OR SELL M6 GROUP SHARES. LOOKING STATEMENTS THAT ARE POTENTIALLY SUBJECT TO VARIOUS RISKS AND UNCERTAINTIES. ANY REFERENCE TO M6 GROUP PAST PERFORMANCE SHOULD NOT BE INTERPRETED AS AN INDICATOR OF FUTURE PERFORMANCE. 2
M6 GROUP PRESENTATION 1. KEY FIGURES 2. AUDIENCE RATINGS 3. ADVERTISING 4. DIVERSIFICATION 3
1. KEY FIGURES KEY FIGURES (€ MILLIONS) Q3: INCREASE IN NET PROFIT Q3 2017 Q3 2018 +13,1% 293.8 +17.5% 259.8 +18.9% 948.0 263.4 212.8 224.1 179.0 +81.8% -12.1% 46.2 37.1 32.6 25.4 2.2 1.4 CONSOLIDATED CONSOLIDATED ADVERTISING OPERATING OTHER OPERATING NET PROFIT EBITA REVENUE REVENUE EXPENSES REVENUES MARGIN FROM RECURRING NET MARGIN OPERATIONS 9.8% 15.7% 14.3% 11.1% 4 Owing to the completion of the sale of FCGB to the US investment fund GACP, M6 Group has applied IFRS 5 – Non-Current Assets Held for Sale. As such, consolidated Group sales and EBITA no longer include Girondins de Bordeaux figures. Data published in 2017 has been restated accordingly.
1. KEY FIGURES KEY FIGURES (€ millions) 9 MONTHS: INCREASE IN RESULTS 9M 2017 9M 2018 +12.5% 997.0 +13.0% 886.2 +18.5% 948.0 827.9 739.9 732.6 624.2 +12.4% +33.1% 179.7 159.9 125.8 94.5 10.6 6.3 CONSOLIDATED CONSOLIDATED ADVERTISING OPERATING OTHER OPERATING NET PROFIT EBITA REVENUE REVENUE EXPENSES REVENUES MARGIN FROM RECURRING NET MARGIN OPERATIONS 10.7% 12.6% 18.0% 18.0% 5 Owing to the completion of the sale of FCGB to the US investment fund GACP, M6 Group has applied IFRS 5 – Non-Current Assets Held for Sale. As such, consolidated Group sales and EBITA no longer include Girondins de Bordeaux figures. Data published in 2017 has been restated accordingly.
2. TELEVISION – AUDIENCE RATINGS NEW SEASON: M6 CHANNEL BACK AT HIGH LEVEL SEASON 2017-2018 TO DATE SEASON 2018-2019 TO DATE +1.7PP VS. H1 +0.9PP = 23.2 22.3 16.3 16.3 -0.5PP -0.2PP 8.8 +0.1PP +0.1PP WRP <50 = 8.3 AUDIENCE SHARE (%) 1.2 1.0 3.9 3.7 1.1 0.9 2.0 2.0 6 SOURCE : MÉDIAMÉTRIE – WEEKS 36 TO 45
2. TELEVISION – AUDIENCE RATINGS NEW SEASON: M6 NECK AND NECK WITH TF1 IN ACCESS PRIME TIME WRP-50 AUDIENCE SHARE RATIO MONDAY-FRIDAY 5:30PM – 9PM +10PP VS. H1 fffff 97% 7 SOURCE : MÉDIAMÉTRIE – SEASON 2018-2019 TO DATE
2. TELEVISION – AUDIENCE RATINGS NEW SEASON: MANY 6.7 M STRENGTH OF PRIMETIME SUCCESS FOOTBALL M6 OFFICIAL STORIES, ACROSS ALL BROADCASTER OF THE NEW WORLD TYPES OF PROGRAMMES CHAMPIONS 6.7 M AUDIENCE IN MILLIONS OF VIEWERS AUDIENCE SHARE - WRP<50 (%) 9.10PM-10.30PM TIMESLOT M6 LEADER ON SUCCESS OF WRP<50 HISTORICAL (30%) BRANDS 3,0 M M6 LEADER ON WRP<50 2,9 M (28%) 20,2% 19,1% RECORDS FOR NEWS PRO- GRAMMING SEASON SEASON 2018-2019 2017-2018 BEST EVER SEASON LAUNCH ON WRP<50 8 SOURCE : MÉDIAMÉTRIE - SEASON 2018-2019 TO DATE
2. TELEVISION - AUDIENCE RATINGS PUISSANCE TNT THE LEADING DTT SERVICE NEW SEASON AUDIENCES (WRP<50) 6.1% 4.4% 3.6% THE LEADING ADVERTISING SERVICE ON DTT 9 9 SOURCE : MÉDIAMÉTRIE - SEASON 2018-2019 TO DATE
3. ADVERTISING EFFICIENCY OF M6 PROGRAMMING GRID FTA ADVERTISING REVENUES / PROGRAMMING COSTS WHEN EACH GROUP SPENT 1€ IN PROGRAMMING X 1,8 in 2017 X 1,5 in 2017 IN ADVERTISIG REVENUES IT RECEIVED X 1,9 in H1 2018 X 1,5 in H1 2018 10 10 FY 2017 FTA advertising revenues and programming costs In H1 2018, including football world cup programming costs for TF1
4. DIVERSIFICATION COMPLETION OF THE SALES OF F.C.G.B. AND MONALBUMPHOTO ON JULY, 26 th ON NOVEMBER, 6 th SALE PRICE SALE PRICE € 100 M O/W € 40 M € € 84 84 M CASHED IN 2018 2018 € € 16 16 M CARRIED OVER INTO 2019 2019 AND 2020 2020 CAPITAL GAIN OFF-BALANCE SHEET COMMITMENTS REDUCED BY € 12,4 M € 122 M ONE YEAR AFTER THE ACQUISITION OF THE RADIO DIVISION, THESE TRANSACTIONS ENABLE THE GROUP TO CONSIDER NEW DEVELOPMENTS AND FURTHER ACQUISITIONS 11
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