TF1 
Q3 AND 9M 2023 | ||
FINANCIAL RESULTS | ||
27 OCTOBER 2023 | ||
DISCLAIMER
This presentation contains rounded figures and contains forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, without limitation: financial projections, forecasts and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance of the Group. Although the Group's senior management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Group, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and undue reliance should not be placed on such statements. Except to the extent required by applicable law, the TF1 group makes no undertaking to update or revise the
projections, forecasts and other forward-looking statements contained in this presentation.
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1
ACTIVITY REVIEW
2 FINANCIALS
3 OUTLOOK AND STRATEGY
4 Q&A
3
KEY HIGHLIGHTS
Reinforced audience leadership
Ad revenues up sharply
W<50PDM | 25/49 y/o |
33.3% | 30.1% |
+0.1pt vs. 9M 2022 | +0.4pt vs. 9M 2022 |
+0.7pt vs. 9M 2022 | +0.6pt vs. 9M 2022 |
Source : Médiamétrie - Mediamat
15.6m viewers
Record audience for 2023 at end September
Group Advertising Revenue
+9.7%
vs. Q3 2022
Excluding scope effects
Strong ROCA margin
9M 13.2% | -0.8pt vs. 9M 2022 |
Q3 10.1% | +0.9pt vs. Q3 2022 |
Digital acceleration ongoing
Advertising Revenue
+24.9%
vs. Q3 2022
Good cash flow generation
Free Cash Flow €112m
before changes in WCR
Free Cash Flow €161m
after changes in WCR
Contributing to a robust financial position
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1 ACTIVITYREVIEW
5
REINFORCED LEADERSHIP ON COMMERCIAL TARGETS AND UNRIVALLED REACH FOR TF1
Unique value proposition to advertisers
Audience shares | W<50PDM | ||||||||||
33.3 | |||||||||||
22.9 | +9.2pt vs M6 | ||||||||||
13.7 | |||||||||||
9.5 | |||||||||||
4.2 | 3.6 | 3.5 | 2.9 | 2.8 | 2.3 | ||||||
1.9 | 1.8 | ||||||||||
0.4 | 0.4 | ||||||||||
M6 | F2 | TMC | W9 | F3 | 6ter | Gulli | F5 | f.info | |||
30.1 | 25-49 Y/O |
20.1
13.0 | |||||||||||
9.9 | HISTORICAL RECORD | ||||||||||
4.3 | 2.0% 4+ | ||||||||||
3.4 | 3.1 | 2.8 | 2.5 | ||||||||
2.0 | 1.9 | 1.6 | 0.9 | ||||||||
0.6 | |||||||||||
M6 | F2 | TMC | W9 | F3 | 6ter | F5 | Gulli | f.info |
Daily reach per media
74% |
51% |
29% |
+6pt |
14% |
TV |
Sources :
Audience shares : Médiamétrie - Médiamat - January-September 2023
Reach : TV : Médiamétrie - Médiamat (January-September 2023) 6
Youtube : Panel Internet Global (January-August 2023), Target 2+
Netflix: SVOD barometer H1 2023, Target 15+
AN EVENT-DRIVEN LINE UP IN Q3 GENERATING RECORD AUDIENCES
At end-September
49 OUT OF TOP 50
RATINGS AMONG W<50PDM
49 OUT OF TOP 50
RATINGS AMONG 25/49 Y/O
Q3 main events
RUGBY WORLD CUP
Record audience of 15.6m viewers for the opening match
77.4% of audience share on 25-49 y/o
TOUS DERRIÈRE LES BLEUS | FRENCH PRESIDENTIAL INTERVIEW |
10.6m viewers | 5.7m viewers |
57.7% of audience | 27.1% of audience |
share on 25-49 y/o | share on 4+ |
Source: Top ratings: Médiamétrie - Médiamat
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FURTHER CONFIRMING GROWTH POTENTIAL
Advertising €68.3m
revenue +16%
Streamers 27.4m / month
Success of our strong linear franchises in streaming
34%* | 28%* | 27%* | ||||||||||||
Ici tout commence | Demain nous appartient |
DAILY SOAPS
Les Bracelets rouges
ORIGINAL
FRENCH DRAMA
Streamed | 682.9m |
hours1 | +8% vs a market at +4% |
New exclusive interactive feature
On demand sport match video summaries
8 | |||
Source: Médiamétrie - TV 4 screens - January to August 2023 | Source: Médiamétrie - Mediamat | ||
1Total number of hours viewers spent watching the Group's content on streaming - excluding live viewing | *On 25-49 y/o, in Q3 2023 | ||
BUILDING NEW PROJECTS FOR THE FUTURE
Challenging 9 months but a double-digit margin in Q3
- High basis of comparison in 2022
- Termination of Plus belle la vie for France Télévisions
- End of Salto activity
- Delivery of flagship series* in Q3
- Lower demand from broadcasters and platforms in 2023
COPA margin of 10.3% in Q3 (up 0.3pt)
*'Liaison' and 'Marie-Antoinette'
Underpinning growth in the years ahead
Diversified customers portfolio
Memento Mori | Marie-Antoinette |
Unique expertise on daily soaps
Up to 3.3m viewers | Up to 3.3m viewers |
Up to 43.1% of audience | Up to 34.5% of audience |
share on W<50PDM | share on W<50PDM |
Return of Plus belle la vie in 2024
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2 FINANCIALS
FINANCIALS 10
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TF1 - Television Francaise 1 SA published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 08:27:48 UTC.
