FULL YEAR 2021
Media call
March 3, 2022
© ProSieben/Willi Weber
© ProSieben/Florida TV/Anna Thut
01
Review
2021
2021 WAS A RECORD YEAR FOR PROSIEBENSAT.1
ProSiebenSat.1 Group fully achieved its targets for 2021
Strong Entertainment business with significant revenue and adjusted EBITDA growth
Portfolio management and Dating & Video driving Group's profitability and cash flow
Financial leverage narrowed to 2.2x and maturity profile diversified
Adjusted net income up by +64% leads to higher dividend of EUR 0.80 per share
Positive financial outlook for FY 2022 and medium-tolong-term organic revenue growth aspiration of +4-5%
3
FINANCIALS | STRONG GROUP REVENUE GROWTH DRIVEN BY ENTERTAINMENT
External revenues: Group & segments [in EUR m]
+11% | |||
4,494 | |||
4,047 | 854 | ||
945 | |||
542 | |||
333 |
2,768 | +12% | 3,098 |
COMMENTS
- Entertainment was the biggest growth driver with revenues +12% reflecting the momentum of the advertising business
- Dating & Video business recorded a significant increase in revenues, benefiting from the acquisition of The Meet Group
- Commerce & Ventures revenues below prior year's level due to deconsolidation of WindStar Medical. Organically, segment revenues grew by +3%
Group FY 2020 | Group FY 2021 | |||
Entertainment | Dating & Video | Commerce & Ventures | ||
Note: Organic = adjusted for portfolio and currency effects | 4 |
FINANCIALS | STRONG RECOVERY OF ADVERTISING DRIVES ADJUSTED EBITDA GROWTH
Adjusted EBITDA: Group & segments [in EUR m]
+19%
840 | ||
50 | ||
706 | ||
119 | ||
84 | ||
80 | ||
561 | +24% | 698 |
-19 | -26 | ||||
Group FY 2020 | Group FY 2021 |
COMMENTS
- Group performance primarily reflects strongly improved profitability of the Entertainment segment
- Entertainment adjusted EBITDA grew due to strong advertising revenue growth. The Content and Distribution business also contributed to the positive development
- Dating & Video segment also recorded an increase in adjusted EBITDA due to the first- time consolidation of The Meet Group
- Commerce & Ventures adjusted EBITDA affected by WindStar Medical deconsolidation, impact of energy market on Verivox and lower consumer spending
Entertainment Dating & Video Commerce & Ventures Holding & other
5
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Disclaimer
ProSiebenSat.1 Media SE published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 12:10:07 UTC.