Olympique Lyonnais Group: FIRST QUARTER 2022/23 SALES

FIRST QUARTER 2022/23 REVENUES

TOTAL INCOME[1]: €101.0m (+€23m OR 30%)

including the 1st payment linked to the LFP/CVC transaction

ALL REVENUE STREAMS ARE UP

excluding impact of not qualifying for the European Cup in 2022/23

Lyon, November 14, 2022

In €m (from July 1 to September 30, 2022) 09/30/2022
3 months
09/30/2021
3 months
Chg.
(in €m)
Chg.
in %
TICKETING 10.1 7.0 +3.2 +45%
including French Ligue 1 and other matches 10.1 5.9 +4.2 +72%
including European competitions 0.0 1.1 -1.1 -100%
MEDIA AND MARKETING RIGHTS 10.0 15.1 -5.0 -33%
of which LFP-FFF 9.8 8.6 +1.3 +15%
of which UEFA media rights 0.2 6.5 -6.3 -97%
SPONSORSHIP – ADVERTISING 9.2 8.8 +0.4 +5%
BRAND-RELATED REVENUES 6.1 4.0 +2.2 +54%
of which derivatives 3.3 2.7 +0.5 +20%
including image/video and other 2.9 1.3 +1.6 +126%
EVENTS 5.1 1.9 +3.3 +176%
including seminars and stadium visits 1.1 1.1 0.0 +4%
including major events 4.0 0.8 +3.2 +414%
REVENUES (EXCLUDING PLAYER EXCHANGES) 40.6 36.6 +3.9 +11%
LFP/CVC FINANCIAL ASSISTANCE * 16.5 0 +16.5
INCOME FROM THE SALE OF PLAYER REGISTRATIONS 43.9 41.3 +2.6 +6%
TOTAL INCOME1 101.0 77.9 +23.0 +30%
Total revenue excluding LFP/CVC financial competitions 84.5 77.9 +6.5 +8%

* The financial aid received from the LFP has been temporarily isolated on a separate line, its accounting treatment (IFRS) being still under analysis. This payment concerns the new subsidiary of the LFP, of which CVC Capital Partners is co-owner.

1/ TOTAL TURNOVER: €101.0 M (+€23.0 M OR 30%)

STRONG INCREASE IN TICKET REVENUES: €10.1 M (+€3.2 M OR 45%)

In the first quarter of 2022/23, ticketing revenue increased sharply (+45%), despite the absence of European Cup competition. With the same number of matches as in Q1 2021/22, Ligue 1 ticketing revenue amounted to €10.1m, compared to €5.9m a year earlier, mainly reflecting a record attendance in Ligue 1 during the match against PSG on September 18, 2022.

MEDIA AND MARKETING RIGHTS: €10.0 M (DOWN €5.0 M OR 33%)

Media and marketing rights decreased in the first quarter of 2022/23 as the Club did not participate in a European Cup competition this season. In the first quarter of 2021/22, media and marketing rights included €6.5m of UEFA rights related to the group stage of the Europa League. National media rights (LFP/FFF) amounted to €9.8m in the first quarter of 2022/23, compared to €8.6m in Q1 2021/22 (6e in Ligue 1 against 7e one year earlier).

SPONSORSHIP – ADVERTISING: €9.2 M (+€0.4 M OR 5%)

Sponsorship-Advertising revenue increased by 5% to €9.2 million, a record for the first quarter, demonstrating the continued attractiveness of the OL brand.

BRAND TURNOVER: €6.1 M (+€2.2 M OR 54%)

Merchandise revenue was €3.3m, compared to €2.7m in Q1 2021/22, reflecting an increase in stadium sales linked to the Rammstein and Rolling Stones concerts in July 2022 Other brand-related revenue, including various royalties, amounted to €2.9 million.

EVENTS: €5.1 M (+€3.3 M OR 176%)

Revenue from events more than doubled in the first quarter of 2022/23 to €5.1m (vs. €1.9m in Q1 2021/22) thanks to major musical events at Groupama Stadium: Rammstein on 8 & 9 July 2022 and the Rolling Stones on July 19, 2022, attracting more than 150,000 spectators in total. Revenue from the “Major Events” activity thus amounted to €4.0 million in the first quarter, compared to €0.8 million in Q1 2021/22 which included the France-Finland match of September 7, 2021 sold out.

Turnover from seminars and stadium visits was stable at €1.1 million.

LFP/CVC financial aid: €16.5 million

The financial assistance received from the LFP has been temporarily isolated on a separate line, its accounting treatment (IFRS) still being analysed. This payment concerns the new subsidiary of the LFP, of which CVC Capital Partners is co-owner.

Reminder: The LFP has created a commercial subsidiary, with CVC Capital Partners, which is investing €1.5 billion for a 13% stake. The operation was finalized at the end of July 2022. The Ligue 1 and Ligue 2 college and the LFP board of directors validated the distribution of the €1.13 billion to be paid to the clubs (spread over several financial years) , including a total of 90 million euros to be paid to Olympique Lyonnais. In August 2022, OL Groupe received an initial payment of 16.5 million euros. Subsequent payments are scheduled for July 2023 (€23.5m) and later in fiscal year 2023/24 (€50m), subject to completion of planned transactions between the LFP and CVC Capital Partners.

PLAYER TRADING: €43.9M (UP €2.6M OR 6%)

During the first quarter of 2022/23, Olympique Lyonnais transferred several players, including Lucas Paqueta to West Ham for €36.4m (IFRS)[2] and Léo Dubois to Galatasaray for 2.4 million euros. The club also received loan repayments and selling fees for a total amount of 5.1 million euros.

In the first quarter of 2021/22, Olympique Lyonnais received €41.3m in revenue from the sale of player contracts, corresponding to four transfers for a total of €39.8m, to which are added €1.4m in cession fees on previous transfers.

2/ OUTLOOK

The post-Covid business recovery that began in fiscal year 2021/22 continued in the first quarter of 2022/23.

OL Groupe reaffirms its sporting ambitions for the 2022/23 and following seasons. It will rely on its fundamentals, including the OL Academy, as well as targeted summer exchanges, player contract extensions and the arrival of Laurent Blanc, the new charismatic French manager, to regain a European place in 2023/ 24.

After hosting several major events in 2021/22 and early 2022/23, Groupama Stadium is offering a rich new program from spring 2023, including concerts by Depeche Mode (May 31, 2023), Muse (June 15, 2023 ), Mylène Farmer (June 23 & 24, 2023), five Rugby World Cup matches (September/October 2023) and football matches and tournaments (men’s and women’s) as part of the Paris 2024 Olympic Games. other concerts and events should be confirmed soon.

Construction of the LDLC Arena, 100% funded by OL Groupe, is continuing on schedule at the Vallée de l’OL site. Construction began in January 2022, and the arena is expected to enter service in late 2023. The LDLC Arena lineup officially kicked off with the Shaka Ponk concert scheduled for February 2, 2024.

OL Groupe also reiterates its medium-term objectives, detailed in its press release of July 7, 2022, to achieve the following objectives by 2025/26 (subject to the transaction with Eagle Football being completed): (i) a total turnover of around 400 to 420 million euros (scenario including a qualification in the Champions League and an exchange of players) and (ii) an EBITDA above 90 million euros . These objectives also include a net debt of less than €180m by 2025/26 (scenario where the balance of stadium debt is refinanced over 7 years from July 1, 2024).

OL Groupe reminds investors that its main shareholders (Holnest, Pathé and IDG) have signed an agreement with Eagle Football under the terms of which Eagle Football will acquire OL Groupe shares and OSRANEs representing approximately 74.19% of the Company’s capital over a fully diluted basis. In this context, Eagle Football has agreed to subscribe to an OL Groupe capital increase of approximately 86 million euros. The effective date of these operations has been postponed to November 17, 2022.

At the end of the operations, Eagle Football will file, on behalf of the concert group composed of itself and Holnest, a simplified public purchase offer for the balance of the shares of OL Groupe, in accordance with the regulations. in force, followed by a mandatory withdrawal. , if the necessary conditions are met.

(The Company has issued several press releases regarding the transaction with Eagle Football, most recently on October 24, 2022; the transaction is also detailed in the Company’s Universal Registration Document 2021/22.)

“This document contains information on OL Groupe’s objectives. Please note that known and unknown risks, uncertainties and other factors may affect the achievement of these objectives and, therefore, OL Groupe’s future results, performance and achievements may differ materially from the implied or stated objectives. These factors could include changes in the economic and commercial environment, regulations, the course of the pandemic and the risk factors detailed in OL Groupe’s 2021/22 Universal Registration Document.

Such: +33 (0)4 81 07 55 00
Fax: +33 (0)4 81 07 45 65

E-mail: [email protected]

www.ol.fr

Euronext Paris – Compartment C

Indices: CAC Small – CAC Mid & Small – CAC All-Tradable – CAC All-Share – CAC Consumer Discretionary
ISIN Code: FR0010428771
Reuters: OLG.PA
Bloomberg: OLG FP
AOI: 40501030 Recreational services


[1] Alternative Performance Indicator (API): “Total turnover” corresponds to the previous definition of “Total turnover”, i.e. turnover excluding player exchanges plus proceeds from the sale of contracts players.

[2] Total transfer fee of €61.63m, including bonuses of €18.68m spread over the five years of the player’s contract, plus an additional sales commission of 10% of any future capital gains; in addition, 15% of any capital gains and possible bonuses would be donated to his former club, AC Milan.



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