Vivendi Se · EURONEXT:VIV
Vivendi — Investor Presentation (January 2010)
17 slides from Vivendi's investor presentation, January 2010
Slide 1: A world leader in communications and entertainment
A world ld leader l d in communications and entertainment Investor Presentation January 2010 IMPORTANT NOTICE: Financial statements unaudited and prepared under IFRS Investors are strongly urged to read the important disclaimer at the end of this presentation
Slide 2: A world leader in communications and entertainment
A world leader in communications and entertainment #1 Video Games Worldwide #1 Video Games Worldwide #1 Music Worldwide #1 Music Worldwide #2 Telecoms France #2 Telecoms Tl F France #1 Telecoms Morocco #1 Telecoms Morocco #1 Alternative Broadband Brazil #1 Pay-TV France #1 Pay-TV France Investor Pre
Slide 3: Leading positions across businesses and ownership stakes
100% 100%/75% 56% #1 in pay-TV in France #2 in telecom #1 worldwide in music in France 53% 57%* 86%* #1 in telecom #1 worldwide in #1 alternative in Morocco video games broadband operator in Brazil * Based on shares outstanding Investor Presentation – January 2010 3
Slide 4: Vivendi's consistent strategy to grow shareholder returns
Vi di’ consistent Vivendi’s i t t strategy t t to t grow shareholder h h ld returns t Leverage the strength of Vivendi’s leading communications and entertainment assets to capture the opportunities provided by the new digital economy driven by increased customer demand for interactive services and p
Slide 5: Key focus: Leverage Vivendi's best-in-class assets
K ffocus: Leverage Key L Vi Vivendi’s di’ bbest-in-class ti l assets t to benefit from convergence opportunities Increased customer demand for interactive services and products Ideally positioned to capture digital growth Key Vivendi assets Key Market Trends Creativity Digitization Networks, spectru
Slide 6: Vivendi's focus on new products and services should deliver additional growth
Vi di’ ffocus on new products Vivendi’s d t andd services i should deliver additional growth 70% of sales from subscriptions, p , 70 million subscriptions p worldwide Strong innovation track record: Activision Blizzard created the leading global online game and community with World of Warcraft. Warc
Slide 7: Innovation to drive growth: Subscriptions, Digital, ARPU
I Innovation ti tto ddrive i growth: th Subscriptions, S b i ti Di it l ARPU Digital, Increase Expand Grow subscriptions x digital revenues x ARPU & ASP More Growth Investor Presentation – January 2010 7
Slide 8: Vivendi: Resilience confirmed in a challenging environment
Vi di Resilience Vivendi: R ili confirmed fi d iin a challenging h ll i environment i t Our subscription-based model provides strong and highly predictable cash flows: we continue investing and innovating to attract new clients and respond to changing consumer demand in an environment of rapid techn
Slide 9: Strong cost control in each of our businesses
St Strong costt control t l in i eachh off our businesses b i Continuous adaptation of our cost structure to the evolution of regulatory framework, market and competitive environment, macroeconomic fluctuations Significant cost reduction and synergies being delivered on target Group Canal+ on track
Slide 10: Vivendi enjoys a strong financial position
Vi di enjoys Vivendi j a strong t fifinancial i l position iti €5.4bn of undrawn credit lines at Vivendi SA at end December 2009 No significant debt reimbursement before 2012 Committed to keep a quality BBB rating rating* Controlled financing costs * Standard & Poor’s / Fitch Rating: BBB stable – Mo
Slide 11: Capital allocation priorities to maximize returns for shareholders
C it l allocation Capital ll ti priorities i iti to t maximize i i returns t for f shareholders h h ld Provide Vivendi’s Vivendi s business units with the necessary resources to enhance innovation and organic growth Deliver dividends to our shareholders with a distribution rate of at least 50% of Ad
Slide 12: Vivendi to sell its 20% stake in NBC Universal for $5.8 billion
Vi di to Vivendi t sellll itits 20% stake t k in i NBC U Universal i l for f $5$5.88 billion billi Vivendi will sell its 20% stake in NBC Universal to GE for $5.8 billion and will not be a shareholder in the new entity resulting from the joint venture between NBC Universal and Comcast content assets
Slide 13: GVT: outstanding asset and perfect fit with Vivendi
GVT outstanding GVT: t t di assett andd perfect f t fit with ith Vi Vivendi di Vivendi owns control of GVT with 85.7% of GVT’s share capital * Invest in a successful alternative operator with a great track record, profitable business model creative marketing and network/IT solutions and considerable
Slide 14: Vivendi: A world leader in communications and entertainment
Vi di A world Vivendi: ld lleader d iin communications i ti andd entertainment t t i t Growth potential driven by innovation Capitalize on consumer demand for mobility and broadband to increase the value of Vivendi’s content and networks First-class assets with high and predictable cash generation E
Slide 15: A world leader in communications and entertainment
A world leader in communications and entertainment #1 Video Games Worldwide #1 Music Worldwide #2 Telecoms France #1 Telecoms Morocco #1 Alternative Broadband Brazil #1 Pay-TV France Investor Presentation – January 2010
Slide 16: Investor Relations team
Investor Relations team Jean-Michel Bonamy Executive Vice President Investor Relations +33.1.71.71.12.04 [email protected] Paris 42, Avenue de Friedland New York 75380 Paris cedex 08 / France 800 Thirdd Avenue e ue Ph Phone: +33.1.71.71.32.80 33 1 71 71 32 80 New York, NY 10022 / USA Fa
Slide 17: Important legal disclaimer
Important legal disclaimer The tender offer referred to herein will not be made directly or indirectly in the United States of America, or byy use of the U.S. mail or anyy U.S. means or instrumentalityy of U.S. interstate or foreign commerce or any facility of a U.S. national securities exchange. Th