SHAREHOLDERS' MEETING

Transcription

1 OL GROUPE SHAREHOLDERS' MEETING 15 DECEMBER 2014

2 FOOTBALL PERFORMANCE

3 TOP-NOTCH PROFESSIONAL SQUADS (AS OF 30/06/14) THE FRENCH CLUB WITH THE MOST TITLES SINCE THE 2000/01 SEASON 5 th place 16 th consecutive finish in the top 5 of the French Ligue 1 1/4 finalist, UEFA Europa League Round of 16, Coupe de France Finalist, Coupe de la Ligue Number of titles since 2000/ Number of European cup 1/4 finals since 2000/ FOOTBALL PERFORMANCE 3

4 TOP-NOTCH PROFESSIONAL SQUADS CHAMPIONS 8 th consecutive title (AS OF 30/06/14) OL WOMEN'S TEAM IS EUROPE'S BENCHMARK: NO. 1 ON THE UEFA INDEX 2014 Coupe de France winner (3 rd consecutive double) 8 th consecutive qualification (4 finals and 2 European titles) FOOTBALL PERFORMANCE 4

5 UEFA RANKINGS AS OF 30/06/2014 (2009/10 to 2013/14) Points 1 SPAIN ENGLAND GERMANY ITALY PORTUGAL FRANCE RUSSIA FOOTBALL PERFORMANCE 5

6 UEFA INDEX CONTRIBUTION OF FRENCH CLUBS TO THE UEFA INDEX AS OF 30/06/2014 (2009/10 TO 2013/14) OL IS TOP FRENCH CONTRIBUTOR OLYMPIQUE LYONNAIS 27% TOULOUSE 2% PARIS SAINT-GERMAIN 22% RENNES 1% OLYMPIQUE DE MARSEILLE 18% SAINT ETIENNE 0.5% BORDEAUX 13% NICE 0.5% LILLE 11% SOCHAUX 0.5% MONTPELLIER 2% GUINGAMP 0.5% AUXERRE 2% FOOTBALL PERFORMANCE 6

7 ACADEMY TRAINING AND EDUCATION HAND-IN-HAND FOR SUSTAINABLE FOOTBALL 1 FRENCH TRAINING ACADEMY in 2013/14(1) No. No.2 EUROPEAN (TIE) TRAINING ACADEMY in 2012/13 and 2013/14 31 (2) 44(2) 31 (2) RENNES OL MONACO OL BARCELONA REAL MADRID U17 BOYS: 2014 FRENCH CHAMPTIONSHIP WINNERS U19 GIRLS: 2014 NATIONAL CHALLENGE WINNERS (1) French Football Collective Bargaining Agreement Commission, June 2014, on proposal made by the National Technical Director (2) Number of players trained for 3 or more years, between the ages of 15 and 21, at an academy club and now playing in one of the top 5 European Championships (England, France, Germany, Italy, Spain) Ranking of other French clubs: Rennes 4 th, Bordeaux, Le Havre, Monaco, Montpellier, Sochaux and Toulouse tied for 12 th. Source: CIES Football Observatory for Sportingintelligence (study on 98 clubs / 2,532 players 01/10/13) FOOTBALL PERFORMANCE 7

8 ACADEMY INTERNATIONAL PLAYERS IN THE OL ACADEMY HELP PROMOTE THE BRAND ABROAD CHINA SOUTH KOREA SWITZERLAND ZHANG XIU WEI U20 SHIN KIM U19 KILIAN PAGLIUCA U19 NORWAY LUXEMBOURG ULRIK JENSSEN U19 CHRISTOPHER MARTINS PEREIRA A FOOTBALL PERFORMANCE 8

9 FINANCIAL RESULTS

10 REVENUE IN 2013/14 SLIGHT GROWTH IN REVENUE EXCLUDING PLAYER TRADING DECLINE IN TOTAL REVENUE (in m) 2013/ /13 CHANGE Ticketing % Sponsoring % Media and marketing rights % Brand-related revenue % REVENUE EXCL. PLAYER TRADING % Revenue from sale of player registrations % TOTAL REVENUE % FINANCIAL RESULTS 10

11 HIGHLIGHTS INCOME STATEMENT THE "75% TAX" AND THE UNREALISED TRANSFER PLAN CUT INTO EARNINGS CONSIDERABLE INCREASE IN TAXES SHARP DECLINE IN EBITDA FINANCIAL RESULTS 11

12 HIGHLIGHTS INCOME STATEMENT FURTHER STEEP REDUCTION IN COSTS -17.3m REDUCTION IN PERSONNEL COSTS* SHARP DECLINE IN AMORTISATION OF PLAYER REGISTRATIONS* FINANCIAL RESULTS 12

13 CONSOLIDATED INCOME STATEMENTFY 2013/14 THE "75% TAX" ( 3.6M) AND THE UNREALISED TRANSFER PLAN CUT INTO EARNINGS 2013/ /13 CHANGE REVENUE External purchases and exp (1) Taxes other than income taxes Personnel costs EBITDA Amortisation of player registrations Loss from ordinary activities (in m) (1) includes +0.2 in L1 security and police costs and +0.7 of European fixture organisation costs NET LOSS (GROUP SHARE) The "75% tax" ( 3.6m) and the unrealised transfer plan (> 20m) cut into earnings FINANCIAL RESULTS 13

14 HIGHLIGHTS BALANCE SHEET BALANCE SHEET UNDERGOING CHANGE SHARP RISE IN TOTAL BALANCE SHEET 1 ST FDM BOND ISSUE INCREASE IN NEAR-EQUITY AND OCEANEs FINANCIAL RESULTS 14

15 HIGHLIGHTS BALANCE SHEET SHARP REDUCTION IN NET PLAYER ASSETS CHANGE IN STADIUM ASSETS MARKET VALUE OF PLAYERS FINANCIAL RESULTS 15

16 SUMMARY BALANCE SHEET ASSETS 30/06/ /06/2013 SIGNIFICANT BALANCE SHEET INCREASE (in m) EQUITY & LIABILITIES 30/06/ /06/ ; of which 78.1 OSRANE issue Player registrations Equity (incl. non-controlling interests) Other assets of which new stadium of which CNDS subsidy TOTAL NON-CURRENT ASSETS Deferred taxes Net player receivables Pledged FDM cash 36.0 Current receivables of which stadium financing costs of which CNDS subsidy OCEANEs (incl. interest due in less than 1 year) TOTAL EQUITY + OCEANEs New stadium bonds TOTAL "PERMANENT" EQUITY Deferred taxes and provisions Other non-current liabilities Financial debt of which drawdowns under operating line of credit IN COMPLIANCE WITH BANK COVENANTS as of 30/06/ Cash and cash equivalents Current liabilities FINANCIAL RESULTS 16

17 NET PLAYER ASSETS 30/06/2010 DECLINING SHARPLY (in m) 30/06/ /06/ /06/ /06/ /06/2015 Current projection 7.0 FINANCIAL RESULTS 17

18 VALUATION OF PLAYER ASSETS POTENTIAL CAPITAL GAINS: 78.8M AS OF 30/06/14 (in m) "MARKET" VALUE based on Transfermarkt (1) and revised by OL principally to reflect young players from OL Academy 30/06/ /06/ /06/2014 BALANCE-SHEET VALUE 13.6 POTENTIAL CAPITAL GAINS TOTAL 92.4 (1) Transfermarkt value as of 31/06/12: 124.5m / as of 30/06/13: 111.5m / as of 30/06/14: 86.3m FINANCIAL RESULTS 18

19 VALUATION OF PLAYER ASSETS 30/06/ /06/ (27%) 44.5 (54%) CONTINUED RISE IN POTENTIAL CAPITAL GAINS ON PLAYERS TRAINED AT OL (27%) 30/06/ (12%) (in m) Nearly 90% of total ON PLAYERS ACQUIRED 38.1 (46%) 60.3 (73%) 69.1 (88%) ON PLAYERS TRAINED AT OL TOTAL 78.8 FINANCIAL RESULTS 19

20 PROFESSIONAL SQUAD INTERNATIONAL CLASS PLAYERS, MOSTLY TRAINED AT OL ACADEMY PRO CONTRACTS INTERNATIONALS PLAYERS ON "A" TEAM PLAYERS ON U21 TEAM PLAYER ON U20 TEAM PLAYERS ON U19 TEAM OF WHOM WERE TRAINED AT OL FINANCIAL RESULTS 20

21 INTANGIBLE BRAND VALUES (NOT SHOWN ON BALANCE SHEET) (in m) 2014 RANK 2013 RANK CLUB 2014 BRAND VALUE 2013 BRAND VALUE 1 1 Bayern Munich Real Madrid Manchester United Barcelona Manchester City Arsenal Chelsea Liverpool Borussia Dortmund PSG OL OM NA Lille 62 NA Bordeaux Source: Brand Finance Football 50 of 04/06/2014 FINANCIAL RESULTS 21

22 OUTLOOK

23 STRATEGY & OUTLOOK RETURN TO CHAMPIONS LEAGUE AS SOON AS POSSIBLE MAXIMISE POTENTIAL OF THE OL ACADEMY REFINANCE OCEANEs BEFORE 15 SEPTEMBER 2013 STEP UP NEW STADIUM MARKETING OUTLOOK 23

24 OLYMPIQUE LYONNAIS PARK

25 TECHNICAL AND ADMINISTRATIVE PROGRESS ORDER TO BEGIN CONSTRUCTION SIGNED WITH VINCI AND START OF CONSTRUCTION NEW STADIUM FOUNDATION STONE LAID UEFA DESIGNATION: MATCHES UNILATERAL LAND SALE COMMITMENTS SIGNED (hotels, leisure & entertainment centre, medial centre and health spa) DESIGN/BUILD CONTRACT SIGNED WITH DALKIA (EDF subsidiary) OLYMPIQUE LYONNAIS PARK 25

26 CONSTRUCTION SCHEDULE AFTER 11 MONTHS, CONSTRUCTION IS ADVANCING ACCORDING TO PLAN AUGUST 2013 MAY 2014 OCTOBER 2014 JANUARY 2015 JULY 2015 DECEMBER 2015 WORKSITE SET-UP STADIUM STRUCTURE: FOUNDATIONS AND ELEVATIONS END OF STRUCTURAL WORK (NOVEMBER 2014): ROOF AND FACADES TECHNICAL INSTALLATIONS SECONDARY TRADES, INTERIOR WORKS MORE THAN JOBS ON SITE COMPANIES WORKING ON SITE OF THE COMPANIES ARE LOCAL OLYMPIQUE LYONNAIS PARK 26

27 100% PRIVATE STADIIUM STADIUM 2.0 INNOVATIVE REVENUE FOUND NOWHERE ELSE IN FRANCE 100% CONNECTED AND 100% OPTIMISED ACCESS AND CARPARK MANAGEMENT ANTICIPATED UNIQUE AUDIOVISUAL SERVICES ON ALL DEVICES (GIANT SCREENS, PHONES, TABLETS, ETC.) B2C: CATERING, MERCHANDISING B2B: CONCIERGE, INNOVATIVE SERVICES (ORDERING FROM SEAT IN BOXES AND SUITES) STADIUM 2.0 GEOLOCALISATION ORDERING FROM YOUR SEAT SOCIAL NETWORKS TICKETING ELECTRONIC TICKETING REPLAYS / SLOW MOTION SECURE ACCESS PERSONALISED PROMOTIONS ULTRA-ATTRACTIVE STADIUM FOR BOTH FANS AND BUSINESS CUSTOMERS OLYMPIQUE LYONNAIS PARK 27

28 STÉPHANE RICHARD, CHAIRMAN AND CEO OF ORANGE (Extract from a 2 October 2014 speech) "Take the example of a stadium. Connections are often spotty, because of the high number of spectators. In Lyon, Orange is the new stadium's founding partner. We will install a revolutionary digital infrastructure. Its 500 WiFi relay stations will allow for 25,000 simultaneous connections and will make the new stadium a fully connected venue, a first in France. OLYMPIQUE LYONNAIS PARK 28

29 100% PRIVATE STADIUM NEW REVENUE TO ACCRUE WHOLLY TO THE GROUP NAMING FOUNDING AND TECHNOLOGICAL PARTNERS CONSTRUCTION PARTNERS PRIVATE BOXES (105 PRIVATE BOXES) STADIUM / PARK TRAINING GROUNDS PARTNERS SEGMENTED BY INDUSTRY ACADEMY TRADE SHOWS ALREADY SIGNED ALREADY SOLD OR RESERVED DISCUSSIONS UNDERWAY ALREADY SIGNED OLYMPIQUE LYONNAIS PARK 29

30 100% PRIVATE STADIUM UNIQUE AND INNOVATIVE NEW PRODUCTS AN INNOVATIVE FAN WALL CONCEPT ENGRAVE YOUR OR YOUR COMPANY'S NAME ON A NAMEPLATE FOR POSTERITY BACKLIT FAN WALL FAN WALL WILL STRETCH ALONG THE MAIN WALKWAY (TARGET: 10-15,000) PARTNERS WALL OLYMPIQUE LYONNAIS PARK 30

31 IMPLEMENTATION OF NEW STADIUM FINANCING PLAN ADVANCING AS PLANNED EQUITY 135 FDM CAPITAL INCREASE 115 CNDS SUBSIDY 20 VINCI / CDC BOND ISSUE 112 VINCI GROUP 40m + CDC 11m 51 VINCI GROUP 40m + CDC 11m 51 CDC 10 SENIOR, MINI-PERM TYPE BANK FINANCING 7 YEARS (in m) Carried out on 06/09/2013 8m received - 12m to be received as project advances 1 st tranche carried out on 28/02/14 2 nd tranche carried out on 01/09/14 To be carried out on 15/06/14 1 st drawdown set for early 2015 FINANCE LEASES ON IT SYSTEMS 8 OPERATING REVENUE GUARANTEED BY OL GROUPE DURING THE CONSTRUCTION PERIOD st lease payment at stadium delivery Marketing underway (Until 31 January 2016) TOTAL 405 OLYMPIQUE LYONNAIS PARK 31

32 RESPONSIBILITY AND COMMUNITY OUTREACH

33 OLYMPIQUE LYONNAIS RECOGNISED FOR ITS COMMUNITY INVOLVEMENT AWARDS RECEIVED DURING THE 2013/14 SEASON June 2014 March 2014 ADMICAL PATRONAGE AWARD PHILIPPE SEGUIN TROPHY CSR 33

34 MARKETING EXPERTS REWARD OL'S DIGITAL STRATEGY

35 MARKETING EXPERTS REWARD OL'S DIGITAL STRATEGY AWARDS RECEIVED DURING THE 2014/15 SEASON SECOND PRIZE IN THE WORLD OF SPORT For social media and web strategy "ACTIVATION SPORTIVE" PRIZE For the sociol Room by Hyundai BEST SPORTS SITE OF 2014 Elected with more than 280,000 votes MARKETING EXPERTS REWARD OL'S DIGITAL STRATEGY 35

36 CORPORATE

37 SHAREHOLDERS AS OF 30/06/2014 NUMBER OF SHARES % SHARE CAPITAL % VOTING RIGHTS ICMI (1) 4,524, PATHÉ 3,954, BOARD MEMBERS (2) 708, GL EVENTS 313, OL HAS BEEN LISTED ON EURONEXT PARIS SINCE 09/02/2007 SEGMENT C INDICES: CAC SMALL, CAC MID & SMALL, CAC ALL-TRADABLE, CAC ALLSHARES, CAC CONSUMER SERVICES CAC TRAVEL & LEISURE ISIN CODE: FR ND INVESTISSEMENT 149, TREASURY SHARES 372, NA FREE FLOAT 3,218, TOTAL 13,241, % 100% (1) As of 30 June 2014, Jean-Michel Aulas held 99.95% of ICMI, representing 99.96% of the voting rights. (2) Board members other than ICMI and GL Events, mentioned above CORPORATE 37

38 STOCK MARKET TRENDS SHARE PRICE FROM 02/01/14 TO 05/12/14 DOW JONES STOXX FOOTBALL Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov OL Groupe share price Dow Jones Stoxx Football CORPORATE 38

39 EUROPEAN PERFORMANCE CLUBS THAT OWN THEIR OWN STADIUM HAVE RECURRENT PERFORMANCE ON THE PITCH UEFA RANKING AS OF 30 JUNE 2014 CLUB OWNS ITS STADIUM CHAMPIONS LEAGUE PARTICIPATION 2009/14 (5) CHAMPIONS LEAGUE VICTORIES 2009/14 (5) 1 Real Madrid (CL) Yes 5/5 1 2 Barcelona (CL) Yes 5/5 1 3 BAYERN MUNICH (CL) Yes 5/5 1 4 Chelsea (CL) Yes 5/5 1 5 Benfica (CL) Yes 4/5 6 Manchester United (CL) Yes 5/5 7 Atlético Madrid (CL) Yes 2/5 8 Valencia (EL) Yes 3/5 9 Arsenal (CL) Yes 5/5 10 Porto (CL) Yes 4/5 11 AC MILAN (-) Underway 5/5 12 Olympique Lyonnais (EL) Underway 3/5 13 Inter Milan (-) Underway 3/ Schalke 04 (CL) Yes 3/5 15 Borussia Dortmund Yes 3/5 CORPORATE 39

40 TOP-NOTCH PROFESSIONAL SQUADS SPORTING RESULTS AS OF 9 DECEMBER rd place 1 st place CORPORATE 40

41 UEFA RANKINGS AS OF 30/06/2014 (2010/11 to 2014/15) COUNTRY RANKING Points 1 SPAIN ENGLAND GERMANY ITALY PORTUGAL FRANCE RUSSIA CLUB RANKING 1 Real Madrid 2 Barcelona 3 Bayern Munich (CL) 4 Chelsea 5 Benfica 6 Atlético Madrid 7 Manchester United 8 Schalke 04 9 Arsenal 10 Porto 11 Valencia 12 Borussia Dortmund 13 Paris Saint-Germain 22 Olympique Lyonnais 32 Olympique de Marseille 57 Lille 78 Bordeaux CORPORATE 41

42 EUROPEAN RANKING OF TRAINING ACADEMIES :4 TH IN EUROPE (as of 28/10/14) No.1 No.2 No.3 No.4 BARCELONA MANCHESTER UNITED REAL MADRID OLYMPIQUE LYONNAIS Source: CIES Football Observatory 28/10/14 CORPORATE 42

43 VALUATION OF PLAYER ASSETS (in m) CHANGE IN TRANSFERMARKT VALUE FOR OL 03/12/ % 30/06/2014 TOTAL CORPORATE 43

44 MARKET CAP OF EUROPEAN CLUBS (in m) OL PARKEN SPORT AJAX BESIKTAS JUVENTUS AS ROME BORUSSIA DORTMUND ARSENAL MANCHESTER UNITED 33m (excl. OSRANEs) 78m 170m 212m 231m 250m 387m 113m (incl. OSRANEs) (representing 80m in market value) VALUATIONS BASED ON RECENT TRANSACTIONS INTER MILAN HERTHA BERLIN BAYERN MUNICH 1,201m 2,183m source: Exane 05/12/14 BORUSSIA DORTMUND 467m ( 350m for 75% - Eric Thohir) source: Lemonde.fr 15/10/13 631m ( 61.2m for 9.7% - KKR) source: News Tank 05/02/14 1,320m ( 110m for 8.33% - Allianz) source: News Tank 11/02/14 428m (Transaction date: 21/08/14) source: News Tank 22/09/14 CORPORATE 44

45 ARIAL VIEW FROM A DRONE CORPORATE 45

46 FOOTBALL PITCH SEEN FROM SOUTH STAND CORPORATE 46

47 CONSTRUCTION CONTINUES ON THE STANDS CORPORATE 47

48 WORK ON THE RESTAURANT FACADE CORPORATE 48

49 STADIUM FRAME INSTALLATION - OFFICE AREA CORPORATE 49

50