La Stratégie D'ol Groupe
Total Page:16
File Type:pdf, Size:1020Kb
REVENUE FINANCIAL RESULTS GROUPAMA STADIUM, STRATEGIC GROWTH DRIVER CORPORATE APPENDICES January 2016: 30 June 2017: December 2016 / January 2017: 12 July 2017: STRENGTHEN INCREASE BOLSTER REVENUE RECURRENCE PROFITABILITY BY MAXIMISING THE USE OF OUR BtoB BY OPTIMISING EXPENSES WHILE PRESERVING THE FACILITIES BY PURSUING THE STRATEGY TO CUSTOMER EXPERIENCE THROUGH BROADER INTERNATIONAL CAPITALISE ON OL ACADEMY BRAND AWARENESS 2015/16 2016/17 (in € m) Domestic +58% Europe ✓ *Men’s first football team in €m 44.0 Groupama Stadium delivered 09/01/16 €+16.2m 13.6 +58% 27.7 24.8 2.8 EUROPE 21.8 22.4 19.0 17.7 6.2 6.4 11.2 5.5 4.7 13.0 30.4 12.3 11.1 24.9 1.6 2.7 0.2 15.6 16.1 13.5 13.6 13.0 10.7 10.3 10.9 1st 3rd 2nd 3rd 4th 3rd 5th 2nd 2nd 4th Rd. 16 Rd. 16 1/2 Rd. 16 Rd. 16 Playoff Group Group Rd. 32 1/4 PO 1/2 TIED TO GROUPAMA STADIUM OPERATION OVER 12 MOS. 2015/16 2016/17 2015/16 2016/17 2016/17 +31% +29% 2015/16 2016/17 Men’s first team matchday revenue, all competitions combined: ticketing, VIP seats, (incl. hospitality), derivative products on matchdays, catering commission, parking +27% +5.5% 2016/17 45,160 39,894 39,171 2015/16 29,487 27,227 23,270 23,152 41,173 39,039 PSG OM OL Lille Saint Etienne Bordeaux Nantes +8% 29.1* 26.9 2015/16 2016/17 49.6 39.5 43.6 49.3 83.1 98.9 5.2 3.8 4.0 1.9 5.7 9.2 *6 mos. in 2015/16 Increase in merchandising revenues 9.5 8.5 €+1.0m • 0.5 0.1 • • 7.6 7.6 16.6 17.1 3.7 • 3.6 • 2.9 3.3 2.7 2.4 • 1.5 2.2 2.5 6.8 8.5 9.5 *excluding M2A, which exited the scope of consolidation on 30 June 2015 58.1 51.7 7.2 2014/15 2015/16 2016/17 Corentin Tolisso Maxime Gonalons Transferred to Bayern Munich Transferred to AS Roma • of players transferred in 2016/17 were trained at the OL Academy: 100% • Cumulative EBITDA from player trading over 10 years > , or on average Source: OL Groupe €m €m M. Rybus - Terek Grozny 3 years - End 2019 L. Rose - Lorient 1.5 N. NKOULOU -OM 4 years - End 2020 M. Valbuena - Fenerbahce 1.5 4 PLAYERS JP. Mateta - Châteauroux 4 5 years - End 2021 C. TOLISSO - Bayern Munich 41.4 €49.4M E. Mammana - River Plate 8.5 5 years - End 2021 M. GONALONS - AS Roma C 5.0 C Incentives and sundry M. Depay - Manchester United 19.0 4 ½ years - June 2.3 2021 2016/17 total 51.7 Incentives and sundry 0.7 2015/16: €58.1M 2016/17 total 32.4 7 players (€47.1m) + incentives (€11m) OF WHICH 94% ON PLAYERS TRAINED AT THE OL ACADEMY Age 9 13 years Age 14 Age 16 Age 16 Age 17 Age 18 Age 18 Age 19 Age 19 Age 20 Age 22 Age 23 Age 23 No. 1 No. 4 41 37 34 29 Real Madrid FC Barcelona Manchester United OL 2016/17 2015/16 Change €m €m €m % Ticketing 44.0 27.7 +16.2 +58% Sponsoring – Advertising* 29.1 26.9 +2.2 +8% Media and marketing rights 98.9 83.1 +15.9 +19% Events 9.2 5.7 +3.5 +61% Brand-related revenue 17.1 16.6 +0.6 +3% Revenue excluding player trading 198.3 160.0 +38.3 +24% REVENUE FROM SALE OF PLAYER REGISTRATIONS 51.7 58.1 -6.4 -11% TOTAL 250.0 218.1 +31.8 +15% 2016/17 % Rev. 2015/16 % Rev. Change REVENUE 250.0 218.1 +31.8 51.0 20.4% 52.1 23.9% -1.0 Profit from ordinary activities 30.6 +12.2% 27.0 12.4% +3.6 NET FINANCIAL EXPENSE -23.2 -10.3 -12.9 PRE-TAX PROFIT 7.4 3.0% 16.7 7.7% -9.3 NET PROFIT (GROUP SHARE) 4.7 2.0% 9.8 4.5% -5.1 *principally sale of Gerland property assets 73 €+9.2m 60 62 -2pts 109.2 100.0 46 2015/16 2016/17 Ratio in line with target 44 €+23.7m 27 29 79.6 21 55.9 26 32 2015/16 2016/17 €415m €249.2m €174.2m €420.8m as of 30/06/16 €145m as of 30/06/16 €253.6m as of 30/06/16 €80m in €m 30/06/2017 30/06/2016 30/06/2017 30/06/2016 Intangible assets 49.6 34.4 TOTAL EQUITY 249.2 145.0 Property, plant & equipment 415.0 420.8 Long-term bonds and bank borrowings 205.2 299.3 Player registration receivables (>1 year) 12.6 4.9 Player registration payables (>1 year) 7.8 6.5 Other non-current liabilities 24.3 25.5 Other non-current assets 11.9 12.2 TOTAL NON-CURRENT LIABILITIES 237.3 331.2 TOTAL NON-CURRENT ASSETS 489.0 472.2 Financial liabilities (<1 year) 13.9 4.2 Trade receivables 43.9 48.8 Player registration payables (<1 year) 18.7 14.9 Player registration receivables (<1 year) 39.1 34.0 Trade accounts payable 29.7 28.1 Other current assets 22.5 16.9 Tax and social security liabilities 38.4 45.7 Cash and cash equivalents 19.7 32.5 Other current liabilities 27.0 35.1 TOTAL CURRENT ASSETS 125.2 132.1 TOTAL CURRENT LIABILITIES 127.7 128.1 TOTAL ASSETS 614.2 604.4 TOTAL EQUITY AND LIABILITIES 614.2 604.4 in € m Consolidated total Consolidated total Change in € m 30/06/2017 30/06/2016 TOTAL CASH AND CASH EQUIVALENTS 18.3 32.2 -17.5 Groupama Stadium bonds -49.7 -122.9 -73.2 Groupama Stadium bank borrowings -123.1 -126.4 -3.3 Other financial liabilities -44.9 -54.0 -9.1 Debt net of total cash -199.4 -271.0 -71.6 Player registration receivables 51.7 38.9 +12.8 Player registration payables -26.5 -21.4 +5.1 Net player registration receivables / payables 25.2 17.4 +7.8 DEBT NET OF CASH (incl. player registration receivables/payables) -174.2 -253.6 -79.4 *substantial portion devoted to refinancing: €80m €257m 2020 6.5% ON PLAYERS TRAINED AT OL POTENTIAL CAPITAL GAINS BALANCE SHEET ON ACQUIRED VALUE PLAYERS (1) (2) Total amount spent on transfers in 2017 Top 5 teams in UEFA ranking (in billions of euros) 5.9 0.8 4.2 3.8 0.5 0.5 2.9 2.7 2.3 0.4 2.0 0.4 5.1 0.5 1.5 0.3 3.3 3.7 €5bn 0.1 2.3 2.5 1.4 1.8 1.7 Summer transfer window Winter transfer window Source: CIES Football Observatory € m Disburse- Receipts Balance ments AS MONACO (FR) BORUSSIA DORTMUND (GER) OLYMPIQUE LYONNAIS (FR) 57 129 +72 REAL MADRID (SP) 92 139 +47 +289 FIORENTINA (IT) 73 115 +42 +110 +72 TOTAL Summer 2017 416 976 +560 MONACO DORTMUND OL Balance by league Disburse- Receipts Balance (€m) ments Spanish Liga 684 693 +9 € m Disburse- Receipts Balance French Ligue 1 916 861 -55 ments German Bundesliga 671 590 -81 PSG (FR) Italian Serie A 1,109 970 -139 MILAN (IT) English Premier 1,771 936 -835 League MANCHESTER UNITED (ENG) 197 11 -186 Total 5,151 4,050 -1,101 Source: CIES Football Observatory TRANSFERS OUT LOANS Alexandre Lacazette ARSENAL Gaëtan Perrin (ORLÉANS) €53m + €7m in incentives Maxime D’Arpino (ORLÉANS) (100% margin) Jean-Philippe Mateta (LE HAVRE) Maciej Rybus LOKOMOTIV MOSCOU Olivier Kemen (GAZELEC AJACCIO) €1.75m (100% margin) Aldo Kalulu (SOCHAUX) Nicolas Nkoulou (TORINO FC): (€0.5m + Fahd Moufi TONDELA €3.5m in purchase option) earn-out of 20% on any future transfer Sergi Darder (ESPANYOL BARCELONA): €0.3m + €8m purchase option + €2m in incentives + 20% on transfer Emanuel Mammana ZENITH ST PETERSBURG €16m + 20% on capital gain Contract terminated: Christophe Jallet Traore Mendy Diaz Tete Marcelo Diop Ndombele A COMPREHENSIVE PARTNERSHIP WITH GROUPAMA RHÔNE-ALPES AUVERGNE THAT GOES FAR BEYOND NAMING* *Confidentiality clause GROUPAMA GROUPAMA GROUPAMA OL BRASSERIE STADIUM OL TRAINING ACADEMY BOCUSE CENTER Opened in January 2016 - Décines Opened in September 2016 - Meyzieu Opened in September 2016 Opened in July 2016 - Décines 900 sq. m. 59,186 SEATS 8.5 HECTARES 8.3 HECTARES NEARLY 40,000 MEALS 105 BOXES 6 PITCHES including 1 7 PITCHES SERVED IN 9 MONTHS with grandstand and 1 6,000 VIP SEATS indoors (source: LFP September 2017) PRESTASHOP BEST 2017 MOST BEAUTIFUL EURO USER EXPERIENCE PRIZE 2016 STADIUM FOR THE OL ONLINE STORE July 2016 June 2017 3RD IN DIGITAL MATURITY HYUNDAI 2017 SPECTATOR AFTER NIKE AND UNDER EXPERIENCE TROPHY ARMOUR FOR THE GROUPAMA STADIUM APPLICATION October 2016 10 January 2017 EURO 2016 STADIUM ENVIRONMENTAL OVERALL 2017 MÉDIA COURRIER AWARENESS TROPHY FAN EXPERIENCE (DIRECT MARKETING) TROPHY PRIZE SERVICES CATEGORY July 2016 June 2017 September 2017 SALE OF HOTEL BUILDING RIGHTS (December 2016) 3-star hotel – 140 rooms – Kopster, Lavorel Group Office building adjacent to the hotel (ca. 5,600 sq. m.) SALE OF ADDITIONAL BUILDING RIGHTS (during 2017/18) Medical complex (2 buildings) UNALLOCATED AREA LEISURE & ENTERTAINMENT CENTRE 23 000 sq,m Office building complex (ca. 6,000 sq. m., 2 buildings) Leisure & entertainment complex (ca.