Slides
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Q3 2025 REVENUES 16 october 2025
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Group Performance
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3 (€M) Q3 2024 Q3 2025 Reported change (%) Like-for-like change(1) (%) Lagardère Publishing 765 811 +5.9 % +6.6 % Lagardère Travel Retail 1,596 1,695 +6.2 % +5.0 % Lagardère Live 56 42 -25.0 % -2.0 % Total revenue - Lagardère Group 2,417 2,548 +5.4 % +5.4 % Prisma Media 67 57 -14.4 % -14.4 % Total revenue - Louis Hachette Group 2,484 2,605 +4.8 % +4.8 % I Q3 2025 revenues I 16 October 2025 (1) At constant scope and exchange rates Q3 GROWTH DRIVEN BY THE ORGANIC DEVELOPMENT OF THE 2 MAIN BUSINESSES
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Q3 GROWTH DRIVEN BY THE ORGANIC DEVELOPMENT OF THE 2 MAIN BUSINESSES 2,484 118 53 -50 2,605 Q3 2024 revenue Organic growth Scope effect Currency effect Q3 2025 revenue +121m +4.8% ▪ Lagardère Publishing: +7% ▪ Lagardère Travel Retail: +5% ▪ Lagardère Live: -2% ▪ Prisma Media: -14% ▪ Sterling Publishing & 999 Games ▪ Amsterdam Duty Free ▪ Sale of Paris Match (€m) 4I Q3 2025 revenues I 16 October 2025 ▪ USD: -€36m ▪ GBP: -€4 ▪ CAD: -€3m ▪ CNY: -€3m
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9M 2025 REVENUES 5 (€M) 9M 2024 9M 2025 Reported change (%) Like-for-like change(1) (%) Lagardère Publishing 2,074 2,160 +4.1 % +3.0 % Lagardère Travel Retail 4,344 4,582 +5.5 % +4.4 % Lagardère Live 192 157 -18.5 % +1.3 % Total revenue - Lagardère Group 6,610 6,899 +4.4 % +3.9 % Prisma Media 214 201 -6.0 % -6.6 % Total revenue - Louis Hachette Group 6,824 7,100 +4.0 % +3.5 % I Q3 2025 revenues I 16 October 2025 (1) At constant scope and exchange rates
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9M 2025 REVENUE EVOLUTION 6,824 242 86 -52 7,100 9M 2024 revenue Organic growth Scope effect Currency effect 9M 2025 revenue +€276m +4% ▪ Lagardère Publishing: +3% ▪ Lagardère Travel Retail: +4% ▪ Lagardère Live: +1% ▪ Prisma Media: -7% ▪ Sterling Publishing & 999 Games ▪ Amsterdam Duty Free ▪ Sale of Paris Match (€m) 6I Q3 2025 revenues I 16 October 2025 ▪ USD: -€38m ▪ GBP: +€3m ▪ CAD: -€7m ▪ MXN: -€5m ▪ PLN: +€5m
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Q3 2025 Performance by division
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France 31% Other Europe 4% Rest of the world 6% United States and Canada 27% Spain 8% United Kingdom (2) 24% PUBLISHING: STRONG GROWTH, DRIVEN BY SUCCESSFUL DIVERSIFICATIONS General Literature 39% Illustrated Books 19% Education 17% Partworks 9% Other 16% 1. By origin 2. Including Ireland, India, Australia and New Zealand Q3 2025 revenue €811m ▪ Revenue by geographic area(1) ▪ Revenue by business 8I Q3 2025 revenues I 16 October 2025 ▪ Reported revenue up +5.9% ▪ Like for like revenue up +6.6% • Board Games: +18%, maintained its solid growth trajectory. • Partworks: +10%, driven by the success of Warhammer Combat Patrol. • France: +10%, lifted by continued momentum in Illustrated books (coloring, Stitch, Blue Lock), strong general literature releases including D. Brown’s The secret of secrets, and curriculum reforms. • US: +6%, thanks to the success of S. Meyer’sTwilight special editions, Ken Follett's Circle of Days and E. Hilderbrand/S. Cunningham’s The Academy. • UK: +2%, linked to the new books from R. Galbraith, The Hallmarked Man, and K. Follett, Circle of Days.
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TRAVEL RETAIL: RECORD REVENUE DRIVEN BY NORTH AMERICA AND EMEA France 17% EMEA (excl. France) 56% Americas 23% Asia-Pacific 4% Duty Free & Fashion 41% Dining 27% Travel Essentials 32% Q3 2025 revenue €1,695m ▪ Revenue by geographic area(1) ▪ Revenue by business 91. By originI Q3 2025 revenues I 16 October 2025 ▪ Reported revenue up +6% • All regions contributed to growth, except for North Asia (-50%) • Ongoing restructuration in North Asia ▪ +7% like-for-like, excl. North Asia • Strong growth in France (+3%) as well as in the rest of EMEA (+7%) • Successful openings in Amsterdam (May) and Auckland (July) • Americas steady (+4%), supported by Dining and TE growth in North America ▪ Positive sales momentum in the Duty Free and Dining segments
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LIVE: CONTINUED TO GROW IN 9M 2025 IN A DIFFICULT ADVERTISING MARKET Q3 2025 revenue €42m ▪ Revenue by business 10 * On a like-for-like basis i.e. excluding the impact of the sale of Paris MatchI Q3 2025 revenues I 16 October 2025 News 29% Lagardère Live Entertainment & Other 31% Radio 40%▪ Like-for-like revenue down 2%* ▪ Radio News down 2%* • Radio: weaknesses in musical radios and advertising market offsetting continued expansion in audience numbers at Europe 1 • Press: growth of revenue following the launch of Le JDNews ▪ Live Entertainment stable • Tough comparable due to record programming in 2024. • Refurbishment work during summer 2025 at Folies Bergere venue.
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PRISMA: FRANCE’S LEADING CROSS-MEDIA PUBLISHER ▪ #1 French cross-media publisher Q3 2025 revenue €57m 11I Q3 2025 revenues I 16 October 2025 39 M* people ▪ Revenue down 14%, linked to a fast-moving environment: • Structural decline in the print distribution market • Shift in digital usage patterns impacting advertising revenues ▪ Renewed governance to foster new synergies and editorial innovation 7 out of 10 people in France reading its content each month* * Source: OneNext Global’s audience figures
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Conclusion
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CONCLUSION 13 ➢ Louis Hachette Group: Solid Q3 2025 organic growth of 4.8%. ➢ Lagardère Publishing: Record quarterly revenue of over €800 M confirming its leading position in all its territories and strong +6.6% organic growth, driven by the successful diversifications and several bestsellers. ➢ Lagardère Travel Retail: Record activity with revenue of c. €1.7 Bn, driven by the success of openings in Amsterdam and Auckland. ➢ Lagardère Live: Despite a difficult advertising market, business continued to grow in 9M 2025, supported by Press and international ELLE licensing rights. ➢ Prisma Media: leading bi-media publisher in France in a rapidly evolving market. Thanks to its solid performance and the complementary nature of its business segments, the Group is continuing its capital allocation policy, divided between gradual debt reduction and regular dividend payments, while investing and maintaining flexibility to seize strategic growth opportunities.
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Appendix
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Q3 2025 REVENUE BY GEOGRAPHIC AREA(1) Asia-Pacific 4% vs 5% in Q3 2024 United States and Canada 23% vs 26% in Q3 2024 €2,605m +€121m Latin America, Middle East and Africa 5% vs 4% in Q3 2024 Western Europe(2) 32% vs 28% in Q3 2024 Eastern Europe 14% vs 14% in Q3 2024 France 22% vs 23% in Q3 2024 151. By destination / 2. Western Europe excluding FranceI Q3 2025 revenues I 16 October 2025
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9M 2025 REVENUE BY GEOGRAPHIC AREA(1) Asia-Pacific 5% vs 6% in 9M 2024 United States and Canada 25% vs 25% in 9M 2024 €7,100m +€276m Latin America, Middle East and Africa 5% vs 5% in 9M 2024 Western Europe(2) 29% vs 26% in 9M 2024 Eastern Europe 14% vs 13% in 9M 2024 France 23% vs 25% in 9M 2024 161. By destination / 2. Western Europe excluding FranceI Q3 2025 revenues I 16 October 2025
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DISCLAIMER By reading this presentation, you agree to be bound by the following limitations and qualifications: This presentation is for information purposes only and does not constitute an offer or solicitation for the sale or purchase of any securities, any part of the business or assets described herein, or any other interests. It includes only summary information and does not purport to be comprehensive. The information contained in this presentation has not been independently verified. This presentation may contain forward-looking statements (including objectives and trends) with respect to the financial position, results of operations, strategy, expected future business and financial performance of Louis Hachette Group, which are based on management’s current views and assumptions. These data do not represent forecasts regarding Louis Hachette Group’s results or any other performance indicator, but rather trends or targets, as the case may be. When used in this presentation, words such as “anticipate”, “believe”, “estimate”, “expect”, “may”, “intend”, “predict”, “hope”, “can”, “will”, “should”, “is designed to”, “with the intent”, “potential”, “plan” and other words of similar import are intended to identify forward-looking statements. Such statements include, without limitation, projections for improvements in processes and operations, revenue and operating margin growth, cash flow, performance, new products and services, current and future markets for products and services and other trend projections as well as new business opportunities. Although Louis Hachette Group believes that the expectations reflected in such forward-looking statements are reasonable, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including without limitations: • general economic conditions (uncertainty related to geopolitics fuelled by recent US elections, the growing impact of climate change); • legal, regulatory, financial and governmental risks related to the businesses; • certain risks related to the media industry (including, without limitation, technological risks); • the cyclical nature of some of the businesses. These risk factors and uncertainties are further developed in the “risk factors” section of the Annual Report (available on the website of Louis Hachette Group, in the Shareholders and Investors’ section, and on the AMF's website). No representations or warranties, express or implied, are made as to, and no reliance should be placed upon, the fairness, accuracy, completeness or correctness of such forward-looking statements and Louis Hachette Group, or its affiliates, directors, advisors, employees and representatives, do not assume any liability whatsoever in this respect. Accordingly, we caution you against relying on forward-looking statements. The abovementioned forward-looking statements are made as of the date of this presentation and neither Louis Hachette Group nor any of its subsidiaries undertake any obligation to update or review such forward-looking statements or any other information that may be presented in this presentation to reflect new information, future events or otherwise, and any opinion expressed in this presentation is subject to change without notice. Consequently, neither Louis Hachette Group nor any of its subsidiaries are liable for any consequences that could result from the use of any of the abovementioned statements. This presentation may include certain information on specific transactions that shall be considered as projects only and may remain subject to certain approvals and other conditions. Due to rounding, numbers presented may not add up precisely to the totals provided. 17I Q3 2025 presentation I 16 October 2025
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GLOSSARY (1/2) ▪ The like-for-like change in revenue is calculated by comparing: • revenue for the period adjusted for companies consolidated for the first time during the period and revenue for the prior period adjusted for consolidated companies divested during the period • revenue for the period and revenue for the prior period adjusted based on the exchange rates applicable in the previous period ▪ Adjusted earnings before interest and income taxes (EBITA) corresponds to EBIT before gains or losses arising on disposals of businesses and acquisition-related costs, the amortisation of intangible assets and impairment on goodwill and other intangible assets acquired through business combinations, other income and expenses related to transactions with owners as well as items related to concession agreements(IFRS 16) ▪ Free cash flow is calculated as cash flow from operations before changes in working capital, the repayment of lease liabilities and related interest paid, changes in working capital and interest paid plus net cash flow relating to acquisitions and disposals of property, plant and equipment and intangible assets ▪ Net debt is calculated as the sum of the following items: short-term investments and cash and cash equivalents, financial instruments designated as hedges of debt, non-current debt and current debt excluding liabilities related to minority puts ▪ Recurring EBIT is calculated as follows: Profit before finance costs and tax excluding Income (loss) from equity-accounted companies before impairment losses, Gains (losses) on disposals of assets, Impairment losses on goodwill, property, plant and equipment, intangible assets and investment in equity-accounted companies, Net restructuring costs, Items related to business combinations (Acquisition-related expenses, Gains and losses resulting from purchase price adjustments and fair value adjustment due to changes in control, Amortisation of acquisition-related intangible assets), Specific major disputes unrelated to the Group's operating performance, and Items related to leases and finance sub-leases (Cancellation of fixed rental expense(1) on concession agreements, Depreciation of right-of-use assets on concession agreements and Gains and losses on leases). 18(1) Cancellation of fixed rental expense is equal to the repayment of the lease liability, the associated change in working capital and interest paid in the statement of cash flowsI Q3 2025 presentation I 16 October 2025
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GLOSSARY (2/2) ▪ Adjusted profit – Group share is calculated on the basis of profit for the period, excluding non-recurring/non-operating items, net of the related tax and of minority interests, as follows: Profit for the year excluding: • Gains (losses) on disposals of assets • Impairment losses on goodwill, property, plant and equipment, intangible assets and investments in equity-accounted companies • Net restructuring costs • Items related to business combinations: - Acquisition-related expenses - Gains and losses resulting from purchase price adjustments and fair value adjustments due to changes in control - Amortisation of acquisition-related intangible assets • Specific major disputes unrelated to the Group's operating performance • Tax effects of the above items • Non-recurring changes in deferred taxes • Items related to leases and finance sub-leases: - Cancellation of fixed rental expense(1) on concession agreements - Depreciation of right-of-use assets on concession agreements - Interest expense on lease liabilities under concession agreements - Gains and losses on leases • Adjusted profit attributable to minority interests: profit attributable to minority interests adjusted for minorities' share in the above items 191. Cancellation of fixed rental expense is equal to the repayment of the lease liability, the associated change in working capit al and interest paid in the statement of cash flowsI Q3 2025 presentation I 16 October 2025