VIVENDI SE
% Change
at
constant
% Change currency
at and
(in millions of constant perimeter
euros) 2020 2019 % Change currency (a)
Revenues
Universal Music
Group 7,432 7,159 +3.8% +5.1% +4.7%
Canal+ Group 5,498 5,268 +4.4% +4.9% -0.9%
Havas Group 2,137 2,378 -10.1% -8.8% -10.8%
Editis 725 687 +5.6% +5.6% -1.3%
Gameloft 253 259 -2.1% -0.9% -1.5%
Vivendi Village 40 141 -71.4% -71.4% -71.9%
New Initiatives 65 71 -7.5% -7.5% -7.5%
Elimination of
intersegment
transactions (60) (65)
Total Vivendi 16,090 15,898 +1.2% +2.2% -0.6%
Income from
operations
Universal Music
Group 1,377 1,168 +18.0% +19.7% +19.8%
Canal+ Group 485 431 +12.6% +13.5% -3.1%
Havas Group 163 268 -39.2% -39.2% -40.6%
Editis 51 59 -12.3% -12.3% +2.4%
Gameloft (17) (28) +37.3% +44.1% +44.3%
Vivendi Village (51) (16) x 3,2 x 3,2 x 2,6
New Initiatives (65) (68) +4.3% +4.3% +4.3%
Corporate (128) (95) -36.0% -35.7% -35.7%
Total Vivendi 1,815 1,719 +5.6% +7.1% +3.0%
EBITA
Universal Music
Group 1,329 1,124 +18.3% +20.1% +20.1%
Canal+ Group 435 343 +26.7% +27.9% +5.2%
Havas Group 121 225 -46.1% -46.2% -47.7%
Editis 38 52 -26.5% -26.5% -11.2%
Gameloft (24) (36) +34.0% +39.5% +39.6%
Vivendi Village (59) (17) x 3,6 x 3,6 x 2,8
New Initiatives (75) (65) -16.0% -16.0% -16.0%
Corporate (138) (100) -37.5% -37.3% -37.3%
Total Vivendi 1,627 1,526 +6.6% +8.3% +3.7%
1. Constant perimeter notably reflects the impacts of the acquisition of M7
by Canal+ Group (September 12, 2019), the acquisition of the remaining
interest in Ingrooves Music Group, which was consolidated by Universal
Music Group (March 15, 2019) and the acquisition of Editis (January 31,
2019).
APPENDIX II (Cont'd)
VIVENDI
QUARTERLY REVENUES BY BUSINESS SEGMENT
(IFRS, audited)
2020
Three months Three months
Three months Three months ended ended
(in millions of ended March ended June September December
euros) 31, 30, 30, 31,
Revenues
Universal Music
Group 1,769 1,690 1,855 2,118
Canal+ Group 1,372 1,302 1,380 1,444
Havas Group 524 495 484 634
Editis 116 146 232 231
Gameloft 61 69 63 60
Vivendi Village 23 3 8 6
New Initiatives 15 13 16 21
Elimination of
intersegment
transactions (10) (12) (16) (22)
Total Vivendi 3,870 3,706 4,022 4,492
2019
Three months Three months
Three months Three months ended ended
(in millions of ended March ended June September December
euros) 31, 30, 30, 31,
Revenues
Universal Music
Group 1,502 1,756 1,800 2,101
Canal+ Group 1,252 1,266 1,285 1,465
Havas Group 525 589 567 697
Editis (a) 89 171 210 217
Gameloft 68 65 61 65
Vivendi Village 23 43 42 33
New Initiatives 15 19 16 21
Elimination of
intersegment
transactions (15) (15) (11) (24)
Total Vivendi 3,459 3,894 3,970 4,575
1. As a reminder, Vivendi has fully consolidated Editis since February 1,
2019.
APPENDIX III
VIVENDI
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(IFRS, audited)
(in millions of euros) December 31, 2020 December 31, 2019
ASSETS
Goodwill 14,183 14,690
Non-current content assets 3,902 2,746
Other intangible assets 848 883
Property, plant and equipment 1,125 1,097
Rights-of-use relating to leases 1,068 1,245
Investments in equity affiliates 3,542 3,520
Non-current financial assets 4,285 2,263
Deferred tax assets 736 782
Non-current assets 29,689 27,226
Inventories 366 277
Current tax receivables 128 374
Current content assets 1,346 1,423
Trade accounts receivable and other 5,482 5,661
Current financial assets 135 255
Cash and cash equivalents 976 2,130
Current assets 8,433 10,120
TOTAL ASSETS 38,122 37,346
EQUITY AND LIABILITIES
Share capital 6,523 6,515
Additional paid-in capital 2,368 2,353
Treasury shares (2,441) (694)
Retained earnings and other 9,309 7,179
Vivendi SE shareowners' equity 15,759 15,353
Non-controlling interests 672 222
Total equity 16,431 15,575
Non-current provisions 1,060 1,127
Long-term borrowings and other
financial liabilities 4,171 5,160
Deferred tax liabilities 1,166 1,037
Long-term lease liabilities 1,070 1,223
Other non-current liabilities 916 183
Non-current liabilities 8,383 8,730
Current provisions 670 494
Short-term borrowings and other
financial liabilities 2,230 1,777
Trade accounts payable and other 10,095 10,494
Short-term lease liabilities 221 236
Current tax payables 92 40
Current liabilities 13,308 13,041
Total liabilities 21,692 21,771
TOTAL EQUITY AND LIABILITIES 38,122 37,346
APPENDIX IV
VIVENDI
CONSOLIDATED STATEMENT OF CSH FLOWS
(IFRS, audited)
Year ended December 31,
(in millions of euros) 2020 2019
Operating activities
EBIT 1,468 1,381
Adjustments 1,035 779
Content investments, net (1,481) (676)
Gross cash provided by operating activities
before income tax paid 1,022 1,484
Other changes in net working capital 293 67
Net cash provided by operating activities
before income tax paid 1,315 1,551
Income tax (paid)/received, net (89) (283)
Net cash provided by operating activities 1,226 1,268
Investing activities
Capital expenditures (438) (413)
Purchases of consolidated companies, after
acquired cash (96) (2,106)
Investments in equity affiliates (120) (1)
Increase in financial assets (1,425) (177)
Investments (2,079) (2,697)
Proceeds from sales of property, plant,
equipment and intangible assets 3 8
Proceeds from sales of consolidated companies,
after divested cash 65 22
Disposal of equity affiliates 10 -
Decrease in financial assets 285 1,046
Divestitures 363 1,076
Dividends received from equity affiliates 41 8
Dividends received from unconsolidated
companies 30 3
Net cash provided by/(used for) investing
activities (1,645) (1,610)
Financing activities
Net proceeds from issuance of common shares in
connection with Vivendi SE's share-based
compensation plans 153 175
Sales/(purchases) of Vivendi SE's treasury
shares (2,157) (2,673)
Distributions to Vivendi SE's shareowners (690) (636)
Other transactions with shareowners 2,759 (13)
Dividends paid by consolidated companies to
their non-controlling interests (98) (41) (MORE TO FOLLOW) Dow Jones Newswires
03-03-21 1419ET
