Group Quarterly Statement

as at 31 March 2021

CONTENT

BUSINESS PERFORMANCE

1

OVERVIEW OF KEY GROUP FIGURES

2

EARNINGS PERFORMANCE

4

FINANCIAL POSITION

6

CASH FLOW

8

EVENTS AFTER THE BALANCE SHEET DATE

9

RISK AND OPPORTUNITIES REPORT

9

REPORT ON EXPECTED FUTURE DEVELOPMENT

10

Consolidated balance sheet

11

Consolidated income statement

13

Consolidated statement of comprehensive income

14

Consolidated statement of changes in equity

15

Consolidated cash flow statement (short-form)

16

Forward-looking statements, Contact, Publishers' notes

17

II

CTS EVENTIM REAFFIRMS HOPES

OF LIVE CULTURE RELAUNCH IN 2021

Q1/2021 again dominated by coronavirus restrictions

Focus still on strict cost management and efficiency

Financial foundations remain robust: EUR 667 million in cash and cash equivalents

CEO Schulenberg sees 'significant increase in demand for live events'

Faster vaccination rates and ever-wider reopening worldwide: The CTS Group, one of the leading international providers of ticketing services and live entertainment, reaffirms hopes that live culture will restart in 2021, given that lockdown restrictions to combat the coronavirus pandemic are gradually being lifted. 'We're already seeing a significant increase in demand for live events. People's longing for shared cultural life is reflected immediately in ticket sales', said the CEO of CTS EVENTIM, Klaus-Peter Schulenberg.

A special highlight is the recent joint venture with US promoter Michael Cohl, entered into only last year. More than 300,000 tickets have already been sold for the North American tour of the legendary band Genesis, due to start in Chi- cago on 15 November. Sales are also recovering in Germany, both for medium-sized events and for top artists.

'Up and down the country, the stage is set for the gradual opening of bars and restaurants, tourism and also the cultural sector. All this nurtures hopes that the days of no live culture, theatre or concerts are coming to an end', Klaus-Peter Schulenberg is keen to emphasise. A survey conducted by CTS EVENTIM showed that over 60% of respondents would go to a live event straight away as soon as the authorities allow it.

'Our focus is still on strict cost management and efficiency', Klaus-Peter Schulenberg insisted. Despite the pressures imposed by more than a year of the Corona restrictions, the Group's financial foundations remain very robust, as mani­ fested by EUR 666.8 million in cash and cash equivalents at the end of the first quarter of 2021.

The start to the year was overshadowed by the impacts of the coronavirus restrictions, with first-quarterCTS Group revenue retreating 89.4% year-on-year to EUR 19.6 million (previous year: EUR 184.6 million). Normalised EBITDA came in at EUR -19.6 million (previous year: EUR 13.5 million).

First-quarter revenue in the Ticketing segment was 83.0% lower year-on-year, at EUR 13.5 million (previous year: EUR 79.0 million). Normalised EBITDA fell year-on-year from EUR 16.9 million to EUR -13.4 million.

In the Live Entertainment segment, revenue in the first quarter of 2021 was down 93.7% year-on-year, at EUR 6.8 million (previous year: EUR 108.6 million). The normalised EBITDA figure came in at EUR -6.2 million (previous year: EUR -3.3 million).

1 Group Quarterly Statement

OVERVIEW OF KEY GROUP FIGURES

CTS GROUP

01.01.2021

01.01.2020

- 31.03.2021

- 31.03.2020 1

[EUR'000]

[EUR'000]

Revenue

19,625

184,551

EBITDA

-20,944

13,087

EBITDA margin

-106.7%

7.1%

Normalised EBITDA

-19,622

13,541

Normalised EBITDA margin

-100.0%

7.3%

Depreciation and amortisation

-13,117

-13,860

EBIT

-34,061

-773

EBIT margin

-173.6%

-0.4%

Normalised EBIT before amortisation from

purchase price allocation

-30,059

2,680

Normalised EBIT margin

-153.2%

1.5%

Financial result

-3,894

-810

Earnings before tax (EBT)

-37,955

-1,582

Net result for the period attributable to shareholders

-25,157

557

[EUR]

[EUR]

Earnings per share 2, undiluted (= diluted)

-0.26

0.01

[Qty.]

[Qty.]

Internet ticket volume (in million)

1.3

9.7

Employees 3

2,311

3,206

  1. Adjusted prior-year figures due to the final purchase price allocation of Barracuda and Gadget Group
  2. Number of shares: 96 million
  3. Number of employees at end of year (active workforce)

Change

[EUR'000]

[in %]

-164,925-89.4

-34,031-260.0

-113.8 pp

-33,163-244.9

-107.3 pp

742-5.4

-33,288 4,306.9 -173.1pp

-32,739

-1,221.8

-154.6 pp

-3,084

-381.0

-36,373

2,298.5

-25,714

-4,618.2

[EUR]

-0.27

-4,618.2

[Qty.]

-8.4

-87.0

-895

-27.9

2 Group Quarterly Statement

TICKETING

01.01.2021

01.01.2020

Change

- 31.03.2021

- 31.03.2020

[EUR'000]

[EUR'000]

[EUR'000]

[in %]

Revenue

13,456

79,002

-65,546

-83.0

EBITDA

-13,515

16,750

-30,266

-180.7

EBITDA margin

-100.4%

21.2%

-121.6 pp

Normalised EBITDA

-13,402

16,861

-30,263

-179.5

Normalised EBITDA margin

-99.6%

21.3%

-120.9 pp

EBIT

-21,095

8,407

-29,502

-350.9

EBIT margin

-156.8%

10.6%

-167.4 pp

Normalised EBIT before amortisation

from purchase price allocation

-19,870

10,036

-29,907

-298.0

Normalised EBIT margin

-147.7%

12.7%

-160.4 pp

LIVE ENTERTAINMENT

01.01.2021

01.01.2020

Change

- 31.03.2021

- 31.03.2020 1

[EUR'000]

[EUR'000]

[EUR'000]

[in %]

Revenue

6,817

108,571

-101,755

-93.7

EBITDA

-7,429

-3,664

-3,765

102.8

EBITDA margin

-109.0%

-3.4%

-105.6 pp

Normalised EBITDA

-6,219

-3,319

-2,900

87.4

Normalised EBITDA margin

-91.2%

-3.1%

-88.2 pp

EBIT

-12,966

-9,180

-3,787

41.3

EBIT margin

-190.2%

-8.5%

-181.8 pp

Normalised EBIT before amortisation

from purchase price allocation

-10,189

-7,357

-2,832

38.5

Normalised EBIT margin

-149.5%

-6.8%

-142.7 pp

1 Adjusted prior-year figures due to the final purchase price allocation of Barracuda and Gadget Group

3 Group Quarterly Statement

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CTS Eventim AG & Co. KGaA published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 05:29:02 UTC.