OL GROUPE SHAREHOLDERS' MEETING 15 DECEMBER 2014
FOOTBALL PERFORMANCE
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 2000/01 17 8 7 6 2 1-2 Number of European cup 1/4 finals since 2000/01 5 3 2 3 - - 1 1 FOOTBALL PERFORMANCE 3
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
UEFA RANKINGS AS OF 30/06/2014 (2009/10 to 2013/14) Points 1 SPAIN 97.713 2 ENGLAND 84.748 3 GERMANY 81.641 4 ITALY 66.938 5 PORTUGAL 62.299 6 FRANCE 56.500 7 RUSSIA 46.998 FOOTBALL PERFORMANCE 5
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
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
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
FINANCIAL RESULTS
REVENUE IN 2013/14 SLIGHT GROWTH IN REVENUE EXCLUDING PLAYER TRADING DECLINE IN TOTAL REVENUE (in m) 2013/14 2012/13 CHANGE Ticketing 13.0 12.3 +0.7 +6% Sponsoring 19.0 21.0-2.0-10% Media and marketing rights 56.2 51.5 +4.7 +9% Brand-related revenue 16.2 16.6-0.4-2% REVENUE EXCL. PLAYER TRADING 104.4 101.4 +3.0 +3% Revenue from sale of player registrations 16.1 36.2-20.1-56% TOTAL REVENUE 120.5 137.6-17.1-12% FINANCIAL RESULTS 10
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
HIGHLIGHTS INCOME STATEMENT FURTHER STEEP REDUCTION IN COSTS -17.3m REDUCTION IN PERSONNEL COSTS* SHARP DECLINE IN AMORTISATION OF PLAYER REGISTRATIONS* FINANCIAL RESULTS 12
CONSOLIDATED INCOME STATEMENTFY 2013/14 THE "75% TAX" ( 3.6M) AND THE UNREALISED TRANSFER PLAN CUT INTO EARNINGS 2013/14 2012/13 CHANGE REVENUE 120.5 137.6-17.1 External purchases and exp. 32.4 29.1 +3.3 (1) Taxes other than income taxes 9.6 3.5 +6.1 Personnel costs 74.8 82.4-7.6 EBITDA -7.5 10.5-18.0 Amortisation of player registrations 15.2 24.9-9.7 Loss from ordinary activities -24.9-16.5-8.4 (in m) (1) includes +0.2 in L1 security and police costs and +0.7 of European fixture organisation costs NET LOSS (GROUP SHARE) -26.4-19.9-6.5 The "75% tax" ( 3.6m) and the unrealised transfer plan (> 20m) cut into earnings FINANCIAL RESULTS 13
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
HIGHLIGHTS BALANCE SHEET SHARP REDUCTION IN NET PLAYER ASSETS CHANGE IN STADIUM ASSETS MARKET VALUE OF PLAYERS FINANCIAL RESULTS 15
SUMMARY BALANCE SHEET ASSETS 30/06/2014 30/06/2013 SIGNIFICANT BALANCE SHEET INCREASE (in m) EQUITY & LIABILITIES 30/06/2014 30/06/2013 +51.4; of which 78.1 OSRANE issue Player registrations 13.6 37.4-23.8 Equity (incl. non-controlling interests) 108.2 56.8 Other assets of which new stadium of which CNDS subsidy 167.1 141.2 7.9 93.2 54.8 19.7 TOTAL NON-CURRENT ASSETS 180.7 130.6 Deferred taxes 12.4 10.8 Net player receivables 9.8 13.3 Pledged FDM cash 36.0 Current receivables of which stadium financing costs of which CNDS subsidy 44.0 10.3 8.0 21.8 0.0 0.0 +86.4 OCEANEs (incl. interest due in less than 1 year) TOTAL EQUITY + OCEANEs New stadium bonds 48.4 23.4 22.7 131.6 79.5 TOTAL "PERMANENT" EQUITY 180.0 79.5 Deferred taxes and provisions 3.8 3.7 Other non-current liabilities 24.6 19.7 Financial debt of which drawdowns under operating line of credit 9.7 5.0 31.1 22.0 IN COMPLIANCE WITH BANK COVENANTS as of 30/06/2014-21.4 Cash and cash equivalents 3.2 12.8 Current liabilities 68.0 55.3 FINANCIAL RESULTS 16
NET PLAYER ASSETS 30/06/2010 DECLINING SHARPLY (in m) 30/06/2011 30/06/2012 121.5 92.9 62.4 30/06/2013 37.4 30/06/2014 13.6 30/06/2015 Current projection 7.0 FINANCIAL RESULTS 17
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 30/06/2012 62.4 30/06/2013 37.4 30/06/2014 BALANCE-SHEET VALUE 13.6 POTENTIAL CAPITAL GAINS 82.6 82.6 78.8 145.0 120.0 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
VALUATION OF PLAYER ASSETS 30/06/2012 30/06/2013 22.3 22.3 (27%) 44.5 (54%) CONTINUED RISE IN POTENTIAL CAPITAL GAINS ON PLAYERS TRAINED AT OL (27%) 30/06/2014 9.7 (12%) (in m) Nearly 90% of total ON PLAYERS ACQUIRED 38.1 (46%) 60.3 (73%) 69.1 (88%) ON PLAYERS TRAINED AT OL 82.6 82.6 TOTAL 78.8 FINANCIAL RESULTS 19
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
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 659 668 2 3 Real Madrid 565 482 3 2 Manchester United 543 650 4 4 Barcelona 457 444 5 8 Manchester City 375 257 6 6 Arsenal 371 319 7 5 Chelsea 369 325 8 7 Liverpool 345 280 9 10 Borussia Dortmund 240 202 10 24 PSG 238 66 25 21 OL 81 78 32 18 OM 67 86 36 NA Lille 62 NA 47 48 Bordeaux 41 41 Source: Brand Finance Football 50 of 04/06/2014 FINANCIAL RESULTS 21
OUTLOOK
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
OLYMPIQUE LYONNAIS PARK
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
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
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
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
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
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
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 136.5 (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 13.5 1 st lease payment at stadium delivery Marketing underway (Until 31 January 2016) TOTAL 405 OLYMPIQUE LYONNAIS PARK 31
RESPONSIBILITY AND COMMUNITY OUTREACH
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
MARKETING EXPERTS REWARD OL'S DIGITAL STRATEGY
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
CORPORATE
SHAREHOLDERS AS OF 30/06/2014 NUMBER OF SHARES % SHARE CAPITAL % VOTING RIGHTS ICMI (1) 4,524,008 34.17 43.03 PATHÉ 3,954,683 29.87 29.75 BOARD MEMBERS (2) 708,035 5.35 4.61 GL EVENTS 313,652 2.37 2.98 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: FR0010428771 ND INVESTISSEMENT 149,341 1.13 1.42 TREASURY SHARES 372,678 2.82 NA FREE FLOAT 3,218,890 24.29 18.21 TOTAL 13,241,287 100% 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
STOCK MARKET TRENDS SHARE PRICE FROM 02/01/14 TO 05/12/14 DOW JONES STOXX FOOTBALL 3.5 90 3 2.5 2 2.13 2.50 85 80 1.5 75 1 0.5 70 0 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 65 OL Groupe share price Dow Jones Stoxx Football CORPORATE 38
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 3/5 1 14 Schalke 04 (CL) Yes 3/5 15 Borussia Dortmund Yes 3/5 CORPORATE 39
TOP-NOTCH PROFESSIONAL SQUADS SPORTING RESULTS AS OF 9 DECEMBER 2014 3 rd place 1 st place CORPORATE 40
UEFA RANKINGS AS OF 30/06/2014 (2010/11 to 2014/15) COUNTRY RANKING Points 1 SPAIN 88.856 2 ENGLAND 75.391 3 GERMANY 71.986 4 ITALY 60.510 5 PORTUGAL 58.382 6 FRANCE 48.583 7 RUSSIA 47.832 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
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
VALUATION OF PLAYER ASSETS (in m) CHANGE IN TRANSFERMARKT VALUE FOR OL 03/12/2014 +30% 30/06/2014 TOTAL 86.3 112.1 CORPORATE 43
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
ARIAL VIEW FROM A DRONE CORPORATE 45
FOOTBALL PITCH SEEN FROM SOUTH STAND CORPORATE 46
CONSTRUCTION CONTINUES ON THE STANDS CORPORATE 47
WORK ON THE RESTAURANT FACADE CORPORATE 48
STADIUM FRAME INSTALLATION - OFFICE AREA CORPORATE 49