Publicis Groupe SA · EURONEXT:PUB
Publicis Groupe SA — Q1 2024 Earnings Presentation
28 slides from Publicis Groupe SA's earnings presentation, April 2024
Slide 1: Q1 2024 Results
Q1 2024 RESULTS TI April 2024 ig PuBLICIS
Slide 2: Q1 2024 Highlights
Q1 2024 HIGHLIGHTS Q1 2024 REVENUE 2024 OUTLOOK Q&A PuBLICIS
Slide 3: Disclaimer
DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts. These forward-looking statements and forecasts are subject to risks and uncertainties that could cause actual results to differ ma
Slide 4: Very strong start to 2024
VERY STRONG START TO 2024 QI1’24 organic ahead of expectations: +5.35% After +7.1% in QV’23 Resisting Gaining market share Accelerating on growth In a still challenging Outperforming our peers Compared to macro environment by 400bps 4Y QI CAGR® at +4.3% Confirming 2024 organic growth guidance i Main
Slide 5: Highlights
HIGHLIGHTS High demand for marketing transformation and personalization at scale Publicis Sapient sequentially improving Continued resilience in Creative epsilon Qi +6.8% after +10% QI'23 Rising demand for ID-based media solutions Media Qi Double-digit after 2 years of double-digit growth New contra
Slide 6: Growth across all regions
GROWTH ACROSS ALL REGIONS U.S. QI +5.0% after +5.8% QI’23 Strong contribution from Media and Data PUBLICIS GROUPE Europe Ql +6.1% after +12.3% QU’23 Strong performance from France and CEE Double-digit growth for Creative and Media in UK Asia-Pacific QI +6.2% after +0.8% QI’23 Very solid China at +6.
Slide 7: Continuing to win market share in Q1 2024
CONTINUING TO WIN MARKET SHARE IN Q1 2024 Outperforming holding peers by 500bps in FY’23 and 400bps in Q1’24 © Expecting to post the highest organic growth of the industry for the 8 quarter in a row Accelerating ahead of 4-year CAGR Bue PUBLICIS GROUPE (1) Based on consensus
Slide 8: Q1 2024 Revenue
Q1 2024 HIGHLIGHTS Q1 2024 REVENUE 2024 OUTLOOK Q&A PuBLICIS
Slide 9: Net revenue
NET REVENUE (EUR million) Qi 2024 net revenue 3,230 2023 net revenue 3,079 Reported growth +4,9% Organic growth +5.3% PUBLICIS (GROUPE 9
Slide 10: Q1 2024 net revenue by geography
Q1 2024 NET REVENUE BY GEOGRAPHY 2024 Organic (EUR million) Q/1 2024 Q1 2023 vs. 2023 growth North America 2,008 1,938 +3. 6% in 8% “cure 0 —— — a v6 —— SS Sy Asia Pacific 266 250 +6. 4% +6. 2% “male ea cast rr ar ae v2. 3% “Es om an ar aomarten er ver ao i . —— a... 280 _........ Sore ae ma ou ee..
Slide 11: Q1 2024 net revenue - North America
PUBLICIS GROUPE Q1 2024 NET REVENUE - NORTH AMERICA 2024 Organic (EUR million) Q/1 2024 Q1 2023 vs. 2023 growth North America 2,008 1,938 +3.6% +4.8% U.S. * 60% of Groupe net revenue * Organic growth: +5.0% * Media at double-digit growth, thanks to faster new business ramp-up * Creative broadly stab
Slide 12: 2024 performance - Europe
2024 PERFORMANCE - EUROPE 2024 Organic (EUR million) Q/1 2024 Q1 2023 vs. 2023 growth Europe 793 743 +6.7% +6.1% UK France Germany Central & Eastern Europe + 9% of Groupe net revenue + 6% of Groupe net revenue + 3% of Groupe net revenue + 2% of Groupe net revenue * Slightly positive organic * Organi
Slide 13: Q1 2024 performance - Rest of World
Q1 2024 PERFORMANCE - REST OF WORLD 2024 Organic (EUR million) Q/1 2024 Q1 2023 vs. 2023 growth Asia Pacific 266 250 +6.4% +6.2% Middle East Africa 90 88 +2.3% +4.0% Latin America 73 60 +21.7% +7.8% Asia Pacific Middle East Africa Latin America + 8% of Groupe net revenue + 3% of Groupe net revenue +
Slide 14: Q1 2024 performance by industry
Q1 2024 PERFORMANCE BY INDUSTRY Net revenue split 3,033 main clients representing 92% of Groupe net revenue Pusuicis (1) Includes small clients, French Outdoor Media activities and the Drugstore Net revenue growth per client industry‘ Leisure Energy & & travel manuf. Public 422% +7% Automotive secto
Slide 15: Net financial debt
NET FINANCIAL DEBT (EUR million) Q1 2024 FY 2023 QI 2023 Net Financial Debt, 12-month average 383 432 563 Net Financial Debt (Cash), at end of period 445 (909) 442 PUBLICIS GROUPE 1s
Slide 16: 2024 Outlook
Q1 2024 HIGHLIGHTS Q1 2024 REVENUE 2024 OUTLOOK Q&A PuBLICIS
Slide 17: Confirming outlook
CONFIRMING OUTLOOK DESPITE MACROECONOMIC UNCERTAINTIES Strong start to the year Outperforming our peers by 400bps in QI 4. Strength of our model Growing roughly twice as fast as peers’ average since 2019 Confident in delivering FY guidance W tWwICe a Ce} VWeErage OW CWiK @S faSt aS peers average 17
Slide 18: Reasons for our confidence
3 REASONS FOR OUR CONFIDENCE High demand for New business Agile platform personalization at scale; momentum : organization Media Unique Data Unmatched 7 offer Media scale Epsilon’ Sites < Powered by Al c. 50% of net revenue i Capturing a #1 in NB €300m in Al over 3 years 7 . i over 5 years dispropor
Slide 19: 2024 guidance
2024 GUIDANCE Confident in delivering our FY organic growth guidance 9 +4% to +5% rock solid within reach * Wait-and-see attitude on DBT projects + Faster ramp-up of clients resuming * More cuts in classic advertising DBT projects ° GEUEIGHS SERIE Ci LETHE MEISE * Fewer cuts to classic advertising a
Slide 20: Conclusion
CONCLUSION Very strong Q1 ahead of expectations After high comparable | Accelerating vs 4-year CAGR | Winning market share Demonstrating the strength of our model Leadership in personalization at scale | New business wins | Platform organization 2024 guidance confirmed despite macroeconomic uncertai
Slide 21: Q&A
Q1 2024 HIGHLIGHTS Q1 2024 REVENUE 2024 OUTLOOK Q&A PuBLICIS
Slide 22: Appendix
APPENDIX PuBLICIS
Slide 23: Net revenue & organic growth calculation
NET REVENUE & ORGANIC GROWTH CALCULATION (EUR million) Qi 2024 Currency impact 2023 net revenue 3,079 (EUR million) Qi Cl i t (2) 29) ‘urrency impact (29) GBP 9 2023 net revenue at 2024 exchange rate (a) es USD ® (22) 2024 net revenue before Other 16) Net revenue from acquisitionsY 18 Total (29) 202
Slide 24: Gross debt as of March 31, 2024
GROSS DEBT AS OF MARCH 31, 2024 Breakdown by maturity Apr. 2024- Apr.2025- Apr. 2026- Apr.2027- Apr. 2028 (EUR million) Total Mar. 2025 Mar. 2026 Mar. 2027 Mar. 2028 Onwards Eurobond 2024 600 600 Eurobond 2025? @ 786 786 Eurobond 2028 ? 2 798 798 Euroi M@) Earn out / Buy out 275 58 92 15 6 4 Other d
Slide 25: Net debt as of March 31, 2024
NET DEBT AS OF MARCH 31, 2024 Breakdown by currency (EUR million) Total EUR USD GBP Others Eurobond 2024 a om 2, 800 a Eurobond 2025 (2 786 786 _Eurobond 2028 @ @ a m2, a 798 on Eurobond 2031 2) 806 806 275 29 218 5 23 - a a = 5 Cash & marketable securities (2,905) (177) (1,663) (18) (1,047) Net deb
Slide 26: Liquidity as of March 31, 2024
LIQUIDITY AS OF MARCH 31, 2024 March 31, 2024 March 31, 2023 (EUR million) Total Drawn __ Available Available 5-year syndicated facility (Club Deal) Y 2,000 - 2,000 2,000 Total Committed Facilities 2,000 2,000 2,000 Cash and Marketable Securities 2,905 3,442 Total liquidity 4,905 5,442 PUBLICIS (1)
Slide 27: Definitions
DEFINITIONS Net revenue; Revenue less pass-through costs which comprise amount paid to external suppliers engaged to perform a project and charged directly to clients. Those costs are mainly production & media costs and out of pocket expenses. Organic growth: Change in net revenue excluding the impa
Slide 28: Contact
CONTACT Press Amy Hadfield, Group Communications Director | Tel. + 33 144 43 70 75 | Email. [email protected] Investor Relations Jean-Michel Bonamy | Email. [email protected] Loréne Fleury | Email. [email protected] Maxine Miller | Email. maxine.mille