Reworld Media Sa · EURONEXT:ALREW
Reworld Media Sa — FY2024 Earnings Presentation
31 slides from Reworld Media Sa's earnings presentation, Mar 26, 2025
Slide 1: Annual Results 2024
ANNUAL RESULTS 2024 26 March 2025 CONTENT ● BRANDS ● TECHNOLOGIES
Slide 2: Disclaimer
DISCLAIMER The information contained in this document, particularly that relating to expectations of future performance of the Reworld Media Group, are forward-looking statements and may be subject to certain risks and uncertainties. Any references to past performance of the Reworld Media Group shou
Slide 3: Contents
CONTENTS INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK
Slide 4: Introduction
INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK 4
Slide 5: Intro | The Group in 2024
INTRO | THE GROUP IN 2024 more than 1 356 80 3rd 2nd employess thematic media group affiliation media brands on the web network in Europe present in 11 1st 1st 1st countries general-public media group on shareholder of thematic publisher social networks Hopscotch 5
Slide 6: Intro | Highlights 2024
INTRO | HIGHLIGHTS 2024 An agile and resilient group A contrasting environment A resilient hybrid model Economy and business environment • BtoC & BtoB • Slowdown in inflation (1.8%) • Media & Technology • Uncertain economic and geopolitical • Content, brands & proprietary technologies environment (e
Slide 7: Intro | 2024 Financial Indicators
INTRO | 2024 FINANCIAL INDICATORS Strong fundamentals: solid balance sheet & disciplined profitability management REVENUE EBITDA(1) AJUSTED NET INCOME(2) €534.7m €53.8m €27.2m -2.7% 34.7% -€5.5m 10.1% +€7.6m 5.1% vs. 2023 Outside France vs. 2023 of revenue vs. 2023 of revenue CASH(3) NET DEBT(3) EQU
Slide 8: Intro | Two Profitable Divisions
INTRO | TWO PROFITABLE DIVISIONS €m Revenue EBITDA(1) BTOC: Focus on profitability • Decline in volumes offset by a targeted pricing -14.6 strategy • Defending market share 534.7 -5.5 • Operating expenses down by €15.9m, reflecting 53.8 the decrease in industrial costs +2.4 -4.4 • Profitability main
Slide 9: BtoC
INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK 9
Slide 10: BtoC | 1st Thematic Content Publisher
BTOC | 1ST THEMATIC CONTENT PUBLISHER Diversification, a lever of audience and attractiveness for brands Magazines Publishing TV Other services 1.5 million subscriptions 154 publications More than 350 24 million in France launches in 3 years potential viewers 302 000 86.8 million diversified subscri
Slide 11: BtoC | A Growing Offer
BTOC | A GROWING OFFER New print launches Targeted diversification 2nd issue of the literary genre magazine, in partnership with Hugo New TV partnership Publishing Agreement signed with SFR (Oct-24), (Sept-24). enabling 5 TV channels to reach a potential audience of Launch of a 24 million households
Slide 12: BtoC | Profitability Maintained
BTOC | PROFITABILITY MAINTAINED €m Revenue EBITDA(1) Moderate decline in revenue Lower sales volumes partially offset by a strategy of targeted price increases -€17.0m -7.0% The strategic challenge of preserving market -€1.1m -5.7% share 243.1 226.1 Prices adjusted in line with inflation and the
Slide 13: BtoB
INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK 13
Slide 14: BtoB | A Sustainable Growth Market
BTOB | A SUSTAINABLE GROWTH MARKET Continued growth and digitalisation of the communications market in billions of euros, France 2024: a contrasted year for the advertising +4.9% (1) +0.5% market Market growth of +5.0%, of little benefit to the Group • Major sporting events (Olympic Games, European
Slide 15: BtoB | 3rd Media Group on the Web
BTOB | 3RD MEDIA GROUP ON THE WEB Leadership position strengthened Record time spent in line in France In million of monthly unique visitors(2) 36.4 2h40 +27% Global Average surf time / day(1) increase vs. 2019 34.1 33.1 +2.3% 15-24 years 4h21 Average surf time / day(1) +23% 30.5 increase vs. 2019 2
Slide 16: BtoB | Leader on Social Networks
BTOB | LEADER ON SOCIAL NETWORKS Growing subscriber base Record engagement on networks in million of subscribers 1h03 2h35 100,0 X2.6 83.5 15-24 years 90,0 Global 80,0 of surf / day of surf / day 70,0 60,0 73.5 81.1 NEXT GEN 39% 60% 50,0 40,0 38.7 M 30,0 subscribers Of total surf time Of total surf
Slide 17: BtoB | Development of the Offer
BTOB | DEVELOPMENT OF THE OFFER Combining media power and proprietary technologies A complete and powerful offer Acceleration on the social offer Coverage of the entire customer journey Deployment of an offer, from premium to performance +3 000 Discovery Social content Media active clients Display,
Slide 18: BtoB | Slow Market but Solid Margin
BTOB | SLOW MARKET BUT SOLID MARGIN €m Revenue EBITDA(1) Revenue growth driven by digital More than 80% of BtoB revenue is digital Growth held back by market slowdown in H2 +€2.4m +0.8% €m +4.3% +0.1% -4.2% H2: -2.3% 308.6 306.2 -€4.4m -11.1% +0.1 +6.2 -3.9 39.5 308.6 35.1 306.2 12.9% 31/12/23 H1 Q3
Slide 19: Accounts & CSR
INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK 19
Slide 20: Accounts | Consolidated Income Statement
ACCOUNTS | CONSOLIDATED INCOME STATEMENT In €m 31/12/2024 31/12/2023 Change (M€) Change (%) Revenue 534.7 549.3 (14.6) -2.7% Operating costs (480.9) (490.0) 9.1 -1.9% EBITDA(1) 53.8 59.3 (5.5) -9.3% Amortization (7.1) (8.5) 1.4 -16.2% EBIT(1) 46.7 50.8 (4.1) -8.1% Financial result(2) (8.6) (9.5) 1.0
Slide 21: Accounts | Stable Cash
ACCOUNTS | STABLE CASH Free cash flow reached €28.2m, more than double the 2023 figure €m Y-1 106.1 +41.2 -6.8 -12.9 -10.2 -32.0 +0.1 85.6 +28.2 free cash flow +52.3 -3.6 -10.3 -10.3 -27.3 +0.2 +1.1 85.6 86.7 EXCEPTIONAL OPERATING FINANCING EXCHANGE CAPEX TAXES 31/12/23 31/12/24 Notes: Cash flow exc
Slide 22: Accounts | Controlled Net Debt
ACCOUNTS | CONTROLLED NET DEBT Continued active debt reduction €m • €185.8m of outstanding capital 205.8 Gross debt 2023 • 1st bullet payment in 2028 -17.5 • Debt mainly at fixed rates thanks to interest 2024 188.4 rate hedging Sound financial structure to seize 2023 85.6 opportunities Cash(2) +1.1
Slide 23: ESG | A Clear & Ambitious Trajectory
ESG | A CLEAR & AMBITIOUS TRAJECTORY Concrete and measurable commitments 2023 carbon footprint Focus on mental Increasing ESG grade Environment health Social Governance Methodology : GHG Protocol Scope : excluding foreign subsidiaries 2023 51 Expert testimonials 2022 50 and action plans 48.04 Impact
Slide 24: Outlook
INTRODUCTION BTOC BTOB ACCOUNTS & CSR OUTLOOK 24
Slide 25: Outlook | Focus on Execution
OUTLOOK | FOCUS ON EXECUTION Ready to capture the long-term growth of the digital market A solid foundation Targeted acceleration A scalable and replicable model Organic and external growth Proprietary assets: content, 2025 market: +0.5% brands, technology Digital segment: +13% A comprehensive, scal
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Slide 27: Appendices | Consolidated Cash Flow Statement
APPENDICES | CONSOLIDATED CASH FLOW STATEMENT in €m 31/12/2024 31/12/2023 Change (M€) EBITDA(1) 53.8 59.3 (5.5) Effect from operating cash flow (1.5) (18.1) 16.6 Operating cash flow 52.3 41.2 11.2 Income tax (3.6) (6.8) 3.2 Efect from exceptionnal cash flow (10.3) (12.9) 2.6 Cash flow from operating
Slide 28: Appendices | Brands at the Heart of Passions
APPENDICES | 80 BRANDS AT THE OF PASSIONS HEALTH 1 WOMEN 3 FOOD 1 NEXT GEN 1 AUTO 2 LIFESTYLE WELL BEING SCIENCE 2 ENTER- 4 TECH & 3 SPORT 4 NATURE 1 HOME 1 CULTURE TAINMENT GAMING Source: Ranking by number of unique monthly visitors, Audience Internet Global in France, Médiamétrie and Médiamétrie//
Slide 29: Appendices | Our Business Model
APPENDICES | OUR BUSINESS MODEL A complete value chain, a differentiating model Affinity & Multi-channel 360° Integrated proprietary & international Monetization media & tech contents diffusion (advertising, platform performance, data) Strong Proprietary International Operational brands data & dupli
Slide 30: Contacts
CONTACTS 8 rue Barthélémy Danjou 92100 Boulogne Billancourt reworldmedia.com [email protected] Follow us on: Listing Sponsor : Euroland Corporate Contact : Julia Bridger [email protected] Communication Contact : PCE - Ségolène de St Martin [email protected]
Slide 31: Content, Brands, Technologies
CONTENT ● BRANDS ● TECHNOLOGIES