Roularta Media N : Results FY 2023

Results FY 2023

Brussels, 1 March 2024

Key facts FY23

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YTD DEC 23 KEY FACTS

• Sales FY23 of € 323,5m, € 19,6 m lower than last year.
• • Versus last year€ 19,6m lower: mainly advertising underperforming €-11,7m, subscriptions € - 0,7m, newsstand € -2,4m, Printing € -5,2m & line extensions € 0,4m better.
  • Sales versus last year on a comparable basis(same consolidation scope): sales of € 318,5 m or €24,6m lower year over year
  • • Same trend in advertising (€ -9,6m) and printing (€ -5,2m)
    • Reader's market down (€ -9,5m) i.e. excluding the positive impact from WPG and 2 months of ex-NewSkoolMedia sales.

YTD DEC 23 KEY FACTS

• EBITDA FY23 of € 21,6m (€ -8,5 m YoY)
• • Lower sales of € 19,6m - cfr supra (ebitda impact € -15,9m)
  • Higher gross margin of +0,3 ppts (ebitda impact of € +0,9m) due to lower paper prices (-2% vs average FY22)
  • Lower services and other goods (€ 7,9m) : higher costs from the acquired brands compensated by strict cost control
  • Higher personnel costs (€ -4,1m) : next to the higher personnel costs in the acquired brands, also indexation in Belgium of > 11%. Impact in Netherlands of 2,6%.
  • Other costs and revenues : remains fairly the same, but different content.
  • • This year : gain on the sales of our Bruges building of € 1,1m + € 0,5m higher subsidies
    • Last year : exceptional gain on the acquisition of 50+Beurs & Festival of € 0,9m + a gain of € 1,5m on the historical sale of RMG's customer portfolio to Immovlan + settlement legal claim (€ -0,5m)
  • Provisions are € 2,6m better than last year. Infobase provision reversed for €3,4m, while last year the same was done with respect to the legal claim 'Deze Week' (€ 1,0m)
  • JV's are doing € 0,2m better (mainly Mediafin)

YTD DEC 23 KEY FACTS

• Mediafin's FY sales increased by € 5,0m or +6,4% YoY thanks to the reader's market. Advertising is also slightly up. The higher sales, however, also cannot offset the increased costs. Stand-alone EBITDA (IFRS) is lower by € 0,3m YoY.
• Mediafin has a € 16,6m stand-alone EBITDA (IFRS) and a € 5,9 m net result (100%), after amortizations of the brands De Tijd/L'Echo. A 50% net result of € 3,0m is accounted for in Roularta's ebitda (i.e. € 0,2m higher than last year).

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YTD DEC 23 KEY FACTS

CO2 Emission reduction of -15% vs '22

-20% vs '21

and further initiatives being planned		Main project
2021	2022	2023	2023

8909.4	8379.6	7096.5
t CO2e	t CO2e	t CO2e

2024 Initiatives

• 4,5 m investment in new drying ovens reducing CO2 emissions by 14%

• Paper wrap of Libelle magazine - reducing 12 ton of plastics per year
• Investment in 3500 extra solar panels in 2024
• …

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Update on M&A

Market leader in Dutch 'Mindstyle domain'

• WPG Media, headquartered in Amsterdam, is part of renowned Dutch publishing house WPG Uitgevers B.V.
• With its brands Happinez (HPZ), Yoga by Happinez (YbH) and Psychologie Magazine (PM)1, WPG Media has a market leading position in the Mindstyle domain focussing on mindfulness, spirituality, yoga, psychology and personal development.

Status : Deal closed per 03/11/2023

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Update on M&A

Flow (DPG Title)

An tribute to more conscious living, creativity and days without haste

Flow is an international media brand with Dutch roots that has been inspiring people around the world for 15 years with life lessons on how to live life differently. Slower, simpler, with attention to what really matters.

Flow is about slow life. About small happiness and connection. About slowing down and finding new ways. About the rise of soft skills like empathy and creativity. With stories that always fit the spirit of time precisely, Flow offers inspiration and insights into a world that is constantly changing.

The core target group is 25 to 49 years old, educated and with an entrepreneurial spirit.

Flow readers are interested in:

• Healthy living and eating
• Organic, sustainable and eco-friendly
• Books, culture and art
• travelling responsibly
• self-development(courses) and mental health
• living and interior design
• creativity/do it yourself

Status : Deal closed per 29/12/2023

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Update on M&A

The power of Helden:

o Barbara Barend

o Brand & Network

o The TEAM

The brand thrives ON A STRONG

& WIDE FOLLOWERS Group

Status : Deal closed per 01/07/2023

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Roularta
Number of Share	13,141,123
Free Float	15%	Market cap

Stock evolution of the Roularta share	31/12/2023
€ 167 m

Closing rate 29/12/2023 = 12,70

EUR

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