Reworld Media SA · EURONEXT:ALREW
Reworld Media SA — H1 2021 Earnings Presentation
27 slides from Reworld Media SA's earnings presentation, Sep 23, 2021
Slide 1: Presentation of 1st Half 2021 Results
4th-leading enterprise in French Tech PRESENTATION OF 1st HALF 2021 RESULTS 23 September 2021 CONTENT ● BRANDS ● TECHNOLOGIES 1
Slide 2: Preliminary Notice
PRELIMINARY NOTICE The information contained in this document, particularly that concerning the future performance objectives of Reworld Media Group, are forward-looking statements and subject to certain risks and uncertainties. Any references to past performance of Reworld Media Group should not be
Slide 3: Contents
CONTENTS REWORLD MEDIA INTRODUCTION HIGHLIGHTS RESULTS OUTLOOK CONTENT ● BRANDS ● TECHNOLOGIES 3
Slide 4: Introduction
INTRODUCTION CONTENT ● BRANDS ● TECHNOLOGIES 4
Slide 5: Key Figures as at June 2021
KEY FIGURES AS AT 30 JUNE 2021 EXCELLENT PERFORMANCE ROOTED IN THE ORGANIC GROWTH OF THE GROUP’S 2 BUSINESS DIVISIONS Headcount Revenue: €227.1 M EBITDA: €28.5 M EBITDA margin: Employees Location vs. H1 2020 International vs. H1 2020 13% 990 11 countries +13% 25% x 1.9 +5 pts Net cash & debt BtoC op
Slide 6: 1st Half 2021 in Summary
1st HALF 2021 IN SUMMARY THE GROUP DEMONSTRATES ITS ABILITY TO DELIVER ITS STRATEGY Increase in revenue (+13%), EBITDA (x1.9) and EBITDA margin (13%), at constant scope Positive change in all 3 of these aggregates in the 2 divisions BtoC and BtoB Restructuring completed on assets acquired in previou
Slide 7: BtoC Operations: Leader in Thematic Media in France
BTOC OPERATIONS BtoC BtoB 52 10 LEADER IN THEMATIC Proprietary brands SVOD thematic channels MEDIA IN FRANCE 31 million Print and digital readers* 1.8 million Proprietary content Magazines, Paywall, SVOD, publishing, etc. i.e. 6 French people in 10 / month Capitalising on our brands and our audience
Slide 8: BtoB Operations: A Major European Player in Adtech
BTOB OPERATIONS BtoC BtoB 25 million 12 million Unique hits / month Fans on social media A MAJOR EUROPEAN PLAYER IN ADTECH Advertisers and publishers in Digital advertising, print and diversification 80 countries 180,000 affiliated web sites Putting our digital and adtech expertise to work to moneti
Slide 9: Highlights
HIGHLIGHTS CONTENT ● BRANDS ● TECHNOLOGIES 9
Slide 10: Strong Brands & Captive Audience Pools
STRONG BRANDS & CAPTIVE AUDIENCE POOLS BtoC BtoB 31 MILLION PRINT & DIGITAL READERS IN 6 THEMATIC SEGMENTS, I.E., 6 OUT OF EVERY 10 FRENCH PEOPLE 10.8 MILLION 6.3 MILLION 10.7 MILLION 17.3 MILLION 8.5 MILLION 4.2 MILLION AUTO HEALTH HOME SCIENCE WOMEN’S ENTERTAINMENT SPORT WELL- GARDEN CULTURE BEING
Slide 11: An Enriched & Diversified Offer
AN ENRICHED & DIVERSIFIED OFFER BtoC BtoB +4 NEW BRANDS NEW MAG VERSIONS +18 PUBLISHING PRODUCTS NEW SERVICES +3 NEW TV CHANNELS NEW PAYWALL SITE 11
Slide 12: Communication: A Buoyant & Digital Market
COMMUNICATION: A BUOYANT & DIGITAL MARKET BtoC BtoB STRUCTURAL & SUSTAINED GROWTH SHARP INCREASE IN DIGITAL IN VALUE + MARKET SHARE Reworld Media covers 38% of the global market Reworld Media covers 78% of the digital market In billions of euros In billions of euros +1.4% +17.4% +2.3% +0.5% +2.0% +1
Slide 13: Proprietary Audiences on the Rise
PROPRIETARY AUDIENCES ON THE RISE BtoC BtoB 25 MILLION UNIQUE HITS PER MONTH*, OR +25% VS. 2020 4th sports site x 3.7 4.0 million Unique hits / month 5.8 million Unique hits / month +77% Ahead of aufeminin.com** 1.7 million 9.3 million x 10 unique hits / month Unique hits / month +54% 6.9 million 4.
Slide 14: Diversification of Technology & Offerings
DIVERSIFICATION OF TECHNOLOGY & OFFERINGS BtoC BtoB DEVELOPMENT OF LEADSLAB ACCELERATION IN LAUNCH OF In France & internationally LIVE SHOPPING SOCIAL PLAYGROUND Network for collecting qualified leads Partnerships with Production & monetisation platform on the > 180,000 leads sold in 6 months top-ti
Slide 15: Results
RESULTS CONTENT ● BRANDS ● TECHNOLOGIES 15
Slide 16: Income Statement by Business Line
INCOME STATEMENT BY BUSINESS LINE 1ST HALF €m S1 2021 S1 2020 Var. at constant scope BtoC Revenue 126.3 122.2 +3% €227.1 M in revenue BtoB Revenue 100.8 78.5 +28% +€26.4 M / +13% vs. H1 2020 Revenue 227.1 200.7 +13% €28.5m EBITDA BtoC EBITDA 15.1 10.3 +47% +€13.4 M vs. H1 2020 Margin (%) 12% 8% +5 p
Slide 17: BtoC Results
BTOC RESULTS BtoC BtoB 1ST HALF €m 15.1 126.3 126,3 15,1 BtoC revenue of €126.3m, i.e. +€4.1m / +3% vs. H1 2020 +3% - Against a backdrop of upturn in household consumption - By type of revenue: 10.3 10,3 Subscriptions: 46% of BtoC revenue / +3% vs. H1 2020 Fee-for-service basis 54% of BtoC reven
Slide 18: BtoB Results
BTOB RESULTS BtoC BtoB 1ST HALF €m BtoB revenue of €100.8m, i.e. +€22.3m / +28% vs. H1 2020 100.8 100,8 - Confirmed recovery in the communication market - Acceleration of growth in Digital +28% 78.5 78,5 Amounts to 85% of BtoB revenue 13.4 13,4 +34% vs. H1 2020, vs. market at +26%* - Positive mo
Slide 19: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT 1ST HALF €m H1 2021 H1 2020 Var. Net income of €19.4 M +€18.9 M vs. H1 2020 Revenue 227.1 200.7 +13% at constant scope EBITDA 28.5 15.1 1.9x Net income of -€2.4 M Depreciation and amortisation (1.9) (2.0) -4% - €2.2m in interest and financial expenses EBIT 26.6 13.1 2.0
Slide 20: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET 1ST HALF €m H1 2021 2020 A solid financial position Fixed asset 231.1 222.9 Deferred tax assets 6.0 8.7 €102.3 M in cash generated Working capital (66.9) (69.9) Net debt of €16.0 M Cash and cash equivalents 102.3 104.1 i.e. -€8.3m or -34% vs. 2020 Assets 272.4 265.8 Contin
Slide 21: Cash Flow
CASH FLOW 1ST HALF €m H1 2021 H1 2020 Change in cash of -€1.8 M EBITDA 28.5 15.1 €19.8 M in business flows Cash impact (8.7) (10.3) Multiplied by 4.1 vs. H1 2020 Operational flows 19.8 4.8 Amounts to 69% of EBITDA Investment flows (2.9) (2.5) €16.9 M in free cash flow Free cash flow 16.9 2.3 Multipl
Slide 22: Shareholding
SHAREHOLDING Action: As at 31 August 2021 Business sector: Internet Treasury stock: Market: Euronext Growth 5.3% of capital Stock eligible for PEA and PEA-PME Codes: - ISIN: FR0010820274 Management: - Bloomberg: ALREW FP Floating: Reuters: ALREW.PA 25.1% of capital - 48.1% of capital 33.9% of VR* 42
Slide 23: Outlook
OUTLOOK CONTENT ● BRANDS ● TECHNOLOGIES 23
Slide 24: Ambitions
AMBITIONS BTOC OPERATIONS BTOB ACTIVITIES TO BECOME A MAJOR PLAYER IN TO INCREASE OUR COVERAGE AND MARKET SUBSCRIPTION CONTENT & SERVICES SHARE IN ADTECH AND COMMUNICATION To facilitate content consumption methods: SVOD, To innovate and develop new offerings by podcasts, paywall capitalising on our
Slide 25: Questions
QUESTIONS CONTENT ● BRANDS ● TECHNOLOGIES 25
Slide 26: Contacts
CONTACTS 8 rue Barthélémy Danjou 92100 Boulogne Billancourt reworldmedia.com [email protected] Follow us also on: Sponsor listing: Euroland Corporate Contact: Julia Bridger [email protected] Communication Contact: PCE - Ségolène de St Martin [email protected] CONTENT ● BRANDS ● TEC
Slide 27: 4th-leading enterprise in French Tech
4th-leading enterprise in French Tech CONTENT ● BRANDS ● TECHNOLOGIES 27