Lagardere Sa · EURONEXT:MMB
Lagardere Sa — Shareholder Meeting (May 2002)
20 slides from Lagardere Sa's shareholder meeting presentation, May 23, 2002
Slide 1: Annual General Meeting May 23, 2002
Annual General Meeting May 23, 2002 1
Slide 2: Consolidated financial statements
Consolidated financial statements 2
Slide 3: Principal changes in consolidated Companies
Principal changes in consolidated Companies LAGARDERE MEDIA + - In 2000 34 % CanalSatellite – 07/01 100 % Grolier Inc. – 06/01 27.4 % multiThématiques – 08/01 100 % Imprimeries Magazines 100 % DFA – 08/01 . Spain – 10/01 In 2001 100 % Imprimeries Magazines 42 % Marie-Claire Album – 04/01 . Italy – 0
Slide 4: Sales by business segment
Sales by business segment 12 285 M€ 13 295 M€ 12 192 M€ 11 875 M€ 12 4 486 4 257 3 806 3 489 1 141 1 143 1 183 1 183 6 873 7 203 7 203 7 668 1999 2000 2000 2001 published pro forma Lagardère Media Automobile High Technologies Other Growth continuing +12% vs. 2000 pro forma figures 4 (+9% vs. 2000 pu
Slide 5: Lagardère Media sales breakdown by division
Lagardère Media Sale breakdown by division 7 668 M€ 7 203 M€ 6 873 M€ 633 640 822 846 830 822 2 336 2 439 2 270 3 853 2 959 3 294 1999 2000 2001 Distribution Services Press Books Lagardere Active Growth acceleration : +6.5% (excluding changes in the group structure and effects of exchange rates : +3
Slide 6: Lagardère Media sales by geographical area
Lagardère Media Sale breakdown by geographical area 4% 4% 4% 24% 23% 20% 33% 32% 32% 40% 40% 44% 1999 2000 2001 France Rest of Europe USA & Canada Rest of the world 6
Slide 7: Operating income by business segment
Operating income by business segment 572 M€ 520 M€ 12 514 M€ 10 474 M€ 12 166 104 158 68 66 71 71 70 323 323 353 282 (9) 1999 2000 2000 2001 published pro forma Lagardère Media Automobile High Technologies Other Consolidated operating income up by 8.4% (vs. pro forma) 7 Lagardère Media operating inc
Slide 8: Lagardère Media operating income by division
Lagardère Media Operating income by division 353 M€ 323 M€ 4 282 M€ 58 65 52 213 203 186 61 81 48 (4) (9) 1999 2000 2001 Distribution Services Press Books Lagardere Active Lagardère Media’s operating income growth : +9.3% Excluding the impact of closing Lagardere Active Broadcast’s fiscal year by en
Slide 9: Financial (expense)/income by business segment
Financial (expense)/income* by business segment (15) M€ 228 (23) M€ (110) M€ 8 15 8 10 6 (18) (43) (30) (240) (81) (11) 1999 2000 2001 Lagardère Media Automobile High Technologies Other Lagardère Media : T-Online shares depreciation : (157) M€ Other : capital gain on EADS « Excess Shares » disposal
Slide 10: Exceptional items (by division)
Exceptional items ( by division) 651 M€ 3 353 M€ 4 690 16 M€ 463 69 (7) (32) (16) (10) (93) (30) (21) 1999 2000 2001 Lagardère Media Automobile High Technologies Other High Technologies : Extraordinary gain from Airbus SAS formation (441 M€) 10
Slide 11: Exceptional items (by type)
Exceptional items (by type) 651 M€ 880 16 M€ 353 M€ 463 166 32 15 (18) 32 (17) (42) (39) (107) (66) (76) (5) (17) (85) 1999 2000 2001 High Technologies (incl. Airbus 441 M€ in 2001) Net capital gains Cost of restructuration 11 Amort. & special write-downs of goodwill Other and other intangibles
Slide 12: Goodwill Amortization
Goodwill Amortization (33) M€ (60) M€ (121) M€ (28) (52) (5) (75) (8) (46) 1999 2000 2001 Lagardère excl. High Technologies High Technologies Goodwill associated with the HFM minority interest buy out 12 depreciated over the full 2001 year (vs. Snd half of 2000 only)
Slide 13: Income tax
Income tax (128) M€ (457) M€ (168) M€ (74) (102) (54) (66) (388) (69) 1999 2000 2001 Lagardère excl. High Technologies High Technologies Tax provision reduction associated with decrease in capital gain 13 on T-Online shares
Slide 14: Share in net income of equitized Cies
Share in net income of equitized Cies 77 M€ 18 36 M€ 59 13 M€ 34 2 11 2 1999 2000 2001 Lagardère excl. High Technologies High Technologies Contribution from CanalSatellite improving significantly 14 Contribution from Marie-Claire from April 1, 2001
Slide 15: Minority interest
Minority interest (11) M€ (104) M€ (34) M€ 7 (18) (29) (5) (96) (8) 1999 2000 2001 Lagardère excl. High Technologies High Technologies 15 HFM minority interest buy out (as of July 1, 2000)
Slide 16: Consolidated Income Statement
Consolidated Income Statement (M€) 2000 published 2000 pro forma 2001 Excl. HT HT ** Total Excl. HT ** Total Excl. HT HT ** Total * HT * * Sales 8 386 3 806 12 192 8 386 3 489 11 875 8 810 4 486 13 295 Oper. Income 406 166 572 406 68 474 410 104 514 Interest Income (29) (81) (110) (29) (66) (95) (4)
Slide 17: Operating Flows
Operating Flows Cash flow from operations Change in work. capital 696 M€ 171 M€ 571 M€ 25 135 M€ 500 224 70 146 347 196 65 2000 2001 2000 2001 17 Lagardère excl. High Technologies High Technologies
Slide 18: Statement of Cash Flows
Statement of Cash Flows (M€) 2000 2001 Excl. HT HT ** Total Excl. HT ** Total * HT * Cash flow from oper. 500 196 696 224 347 571 Change in work. capital 25 146 171 70 65 135 Total operating cash flow 525 342 867 294 412 706 Investments (1 520) (269) (1 789) (760) (501) (1 261) Tangible & intangible
Slide 19: Balance Sheet
Balance Sheet (M€) 12/31/2000 12/31/2001 Excl. HT HT ** Total Excl. HT ** Total * HT * Fixed assets 5 776 1 823 7 599 6 105 2 756 8 861 Current assets 4 595 4 116 8 711 4 339 4 813 9 152 of which cash & equiv. 2 032 1 197 3 229 1 790 1 213 3 003 TOTAL ASSETS 10 371 5 939 16 310 10 444 7 569 18 013 S
Slide 20: Stockholder's Equity & net Cash (Indebtness)
Stockholder’s Equity* & net Cash (Indebtness) * 4 328 M€ 3 889 M€ 2 818 M€ 717 M€ 322 M€ 219 M€ 1999 2000 2001 Stockholder's Equity Net cash (Indebtness) 20 * Excl «perpetual subordinated notes»