EUROPACORP (EPA:ECP) - EUROPACORP - Annual revenue 2018/2019

Transparency directive : regulatory news

24/05/2019 18:02

Press release

Annual revenue FY 2018/2019

Consolidated annual revenue of EUR148.7 million (excluding discontinued
operations), down 33% from FY 2017/2018 mainly due to the fact that Valerian
and the City of a Thousand Planets was in the lineup of last financial year. As
a reminder, revenue for FY 2016/2017 (excluding discontinued operations) was
EUR139.8 million.

Saint-Denis, May 24, 2019 - EuropaCorp, one of the leading independent film
studios in Europe, film producer and distributor, today reports its annual
consolidated revenue for FY 2018/2019, which ended on March 31, 2019, as
approved by the Board of Directors and currently being audited.

H2 and Annual Consolidated Revenue (unaudited)

In millions of EUR
                       H2                   12 months         Var. 12 months
             FY2018/2019 FY2017/2018 FY2018/2019 FY2017/2018         %

International
sales            40,1         6,4        51,8        76,4         -32,2%
% of revenue        59,0%       7,7%        34,9%      34,3%

Theatrical
distribution      1,1         4,1         6,8        39,6         -82,8%
% of revenue         1,6%       4,8%         4,6%      17,7%
Video & VOD       5,2        24,7        14,0        33,6         -58,3%
% of revenue         7,7%      29,0%         9,4%      15,1%
Television &
SVOD             13,0        25,5        31,2        38,5         -18,9%
% of revenue        19,1%      31,9%        21,0%      18,1%
Subsidies         0,8         2,3         3,1         4,4         -30,1%
% of revenue         1,1%       2,6%         2,1%       2,0%
TV series         4,6        18,7        24,4        22,7           7,6%
% of revenue         6,7%      21,8%        16,4%      10,1%
Other             3,2         1,7        17,4         6,0         188,5%
% of revenue         4,8%       2,1%        11,7%       2,8%

Group Total
excluding
discontinued
operations       67,8        83,4       148,7       221,2           -33%
Sold activities:
Music Publishing              0,9                     0,9        -100,0%

French-language                                       2,0        -100,0%
TV series

Roissy Films     0,7          2,1         1,3         2,6         -49,0%

Group Total     68,6         84,3       150,0       226,5           -34%

* To be compliant with IFRS 5, the activities Roissy, Music Publishing and
French-language TV series, sold, have been restated within FY 2018/2019 and
2017/2018 for a better comparison.

International sales stand at EUR51.8 million for the fiscal year, or
approximately 35% of total turnover, comprised mainly of deliveries of the film
Anna to Lionsgate, of Taxi 5, as well as first international deliveries of the
film Kursk and significant overages collected on films from the catalogue
(notably Lucy and Taken 3).

Theatrical distribution revenue in France and the United States is EUR6.8
million for FY 2018/2019, or around 5% of total revenue, against EUR39.6
million in 2017/2018. The decrease is due to the high sales in 2017/2018
following the release in France and the US of Valerian and the City of a
Thousand Planets.
This revenue corresponds in 2018/2019 to the sales made in French theaters of
the following films:
- Taxi 5, released in April 2018 : 3.7 million admissions;
- I Feel Better, released in May 2018 : 146 thousand admissions;
- Renegades, released in August 2018 : 51 thousand admissions;
- Kursk, released in November 2018 : 123 thousand admissions;

The Video & VOD segment in France and the United States represents around 9% of
the annual revenue, coming in at EUR14 million, versus EUR33.6 million in
2017/2018. This turnover includes video and VOD sales realized in the US, in
particular for Valerian and the City of a Thousand Planets (though less
significant than during the previous financial year), and sales for Taxi 5 in
France.

Television & SVOD sales in France and the United States stand at EUR31.2
million, or 21% of total turnover, versus EUR38.5 million for last financial
year. This turnover was mainly driven by the French market and corresponds
essentially to the opening of broadcasting rights windows for Taxi 5 and for
films from the catalogue such as Valerian and the City of a Thousand Planets,
Coexist, Lucy and Taken 3.

Subsidies generated during FY 2018/2019 stand at EUR3.1 million (versus EUR4.4
million over the last financial year).

Revenue for the TV Series activity rises by 8% to EUR24.4 million for FY
2018/2019, or 16% of total turnover. It corresponds to the delivery to NBC of
the last 6 episodes from the second season of the international series Taken,
as well as the international sales of this same series.

The Other item corresponds mainly to post-production, licenses, partnerships,
events and coproduction / line production receipts. It has recorded revenue of
EUR17.4 million versus EUR6 million for the previous financial year (excluding
discontinued operations). The growth is due to the coproduction receipts for
the film Taxi 5 and those of line production for Kursk.

Outlook

The Company pursues its strategy with 2 main objectives:
- Reinforce company's financial strength and restructure debts: within this
scope the Company  announced on May 13 2019 the opening of a safeguard
proceeding to negotiate the terms of a financial stabilization of the company ;
- Continue to reduce overheads.

Concerning the 1st half-year 2019/2020 lineup, one French-language film and one
English-language film are set to be released:
- Nous finirons ensemble (Little White Lies 2), directed by Guillaume Canet,
with François Cluzet, Marion Cotillard and Gilles Lellouche, released on May
1st 2019, has registered 2.3 million admissions to date.
- Anna, directed by Luc Besson, starring Sasha Luss, Luke Evans, Helen Mirren
and Cillian Murphy. The film is completed and will be released in the US on
June 21 and in France on July 10 2019.

Concerning the TV series activity, the company's aim is to keep on developing
the production of English- language projects with strong international
potential such as the Taken series.

Among the projects currently in development:
- The Extraordinary Adventures of Adele Blanc Sec, based on the French graphic
novel by Jacques Tardi;
- A project of TV series about the history of jazz, with Luc Besson as
showrunner.

Financial calendar

June 27 2019 after stock market closing time: FY 2018/2019 consolidated annual
results

ABOUT EUROPACORP

Founded in 1999, EuropaCorp has become one of Europe's leading film and
television studios.
The company's global activities span the entire film value chain with expertise
in production, theatrical distribution, video and VOD sales, international
sales, soundtrack publishing, and television sales. By directly managing the
production and distribution process, EuropaCorp is able to maintain quality and
creativity throughout the lifecycle of a film or television project. The
company has produced or coproduced over 110 films and distributed over 160
films in French cinemas. Since 1999, the company has produced 10 of France's 20
highest grossing films internationally and 22 films among the 70 French
productions with the most admissions internationally (source Le film français
- May 17 2019 - cf. appendix). Starting in 2010, the company has been active in
producing television movies and episodic television series for platforms around
the world.
EuropaCorp was founded by French director, screenwriter and producer Luc
Besson.

For more information, go to http://www.europacorp.com/

Contacts

EuropaCorp Group
Lisa Reynaud / Investor relations / investors@europacorp.com
Régis Lefèbvre / Communication / rlefebvre@europacorp.com
Tel: 01 55 99 50 00

NewCap
Pierre Laurent / NewCap
plaurent@newcap.fr / Tel: 01 44 71 94 94

EuropaCorp is listed in Compartment C of Euronext Paris
ISIN code: FR0010490920 - Ticker: ECP

Appendix: Top 70 of the French-majority productions with the most admissions
internationally between 01/01/1994 and 12/31/2018 (source Le film français,
May 17 2019)

Rank Film            Director                   Executive production

1 Lucy               Luc Besson                 EuropaCorp
2 Taken 2            Olivier Megaton            EuropaCorp
3 Taken 3            Olivier Megaton            EuropaCorp
4 The Fifth Element  Luc Besson                 Gaumont
5 The Intouchables   O. Nakache, E. Toledano    BBDA, Quad Productions
6 Valerian and the
City of a Thousand
Planets              Luc Besson                 EuropaCorp
7 Taken              Pierre Morel               EuropaCorp
8 Amélie             Jean-Pierre Jeunet         Eurowide Film Production, UGC

                                                Images
9 March of the
Penguins             Luc Jacquet                Bonne Pioche Cinéma
10 Le Petit Prince   Mark Osborne               On Entertainment
11 The Pianist       Roman Polanski             RP Productions, Héritage Films

12 Transporter 3     Olivier Megaton            EuropaCorp
13 Asterix and
Obelix Take On
Caesar               Claude Zidi                Katharina, Renn Productions
14 The Artist        Michel Hazanavicius        La Petite Reine, Reine Sales
15 The Transporter   Refueled Camille Delamarre EuropaCorp
16 Transporter 2     Louis Leterrier EuropaCorp
17 Kiss of the
Dragon               Chris Nahon                 EuropaCorp
18 Léon:
The Professionnal    Luc Besson                  Gaumont, Les Films du Dauphin

19 Babylon A.D.      Mathieu Kassovitz           MNP Entreprise, Légende
20 Malavita          Luc Besson                  EuropaCorp
21 Asterix and
Obelix:              Mission Cleopatra Alain
                     Chabat                      Katharina, Renn Productions
22 Arthur and the
Invisibles           Luc Besson                  EuropaCorp
23 Serial (Bad)
Weddings             Philippe de Chauveron       Les Films du 24, UGC Images
24 The Ninth Gate    Roman Polanski              RP Productions, Artisan
Entertainment
25 Colombiana        Olivier Megaton             EuropaCorp
26 Asterix at the
Olympic Games        F. Forestier, T. Langmann   Pathé Production
27 Jeanne d'Arc      Luc Besson                  Gaumont
28 The Transporter   Louis Leterrier             EuropaCorp
29 Oceans            J. Cluzaud, J. Perrin       Galatée Films
30 From Paris with
Love Pierre          Morel                       EuropaCorp
31 Brotherhood of
the Wolf             Christophe Gans             Eskwad, Davis Films
32 The Ghost Writer  Roman Polanski              RP Productions
33 Danny the Dog     Louis Leterrier             EuropaCorp
34 Welcome to the
Sticks               Dany Boon Hirsch,           Pathé Production
35 Two Brothers      Jean-Jacques Annaud         Pathé Production
36 La Vie en rose    Olivier Dahan               Légende
37 Beauty and the
Beast                Christophe Gans             Eskwad
38 The Crimson
Rivers               Mathieu Kassovitz Gaumont,  Légende
39 Coco Before
Chanel               Anne Fontaine               Haut et Court, Ciné-@
40 Taxi 4            Gérard Krawczyk             EuropaCorp, ARP Sélection
41 The Chorus        Christophe Barratier        Galatée Films
42 Two Is a Family   Hugo Gélin                  Vendôme Production, Mars
Films
43 Taxi 2            Gérard Krawczyk             EuropaCorp, ARP Sélection
44 A Very Long
Engagement           Jean-Pierre Jeunet          2003 Productions
45 Winged Migration  J. Cluzaud, M. Debats,
J. Perrin                                        Galatée Films
46 Oliver Twist      Roman Polanski              RP Productions, Runteam 1
47 The Closet        Francis Veber               Gaumont
48 8 women           François Ozon               Fidélité Films
49 The Crimson
Rivers 2             Olivier Dahan               Studio Légende
50 Igor              Tony Leondis                Exodus, Sparx
51 The Bélier Family Eric Lartigau               Jerico, Mars Films
52 Taxi 3            Gérard Krawczyk             EuropaCorp
53 The Extraordinary
Adventures of Adèle
Blanc-Sec            Luc Besson                  EuropaCorp
54 Asterix and
Obelix: God Save
Britannia            Laurent Tirard              Fidélité Films
55 Amour             Michael Haneke              Les Films du Losange
56 Carnage           Roman Polanski              SBS Productions
57 The Dinner Game   Francis Veber               Gaumont
58 Grace of Monaco   Olivier Dahan               Stone Angels
59 Swimming Pool     François Ozon               Fidélité Films
60 Bandidas          J. Ronning, E. Sandberg     EuropaCorp
61 Microcosmos       C. Nuridsany, M. Perennou   Galatée Films
62 Asterix: The
Mansions of the
Gods                 A. Astier, L. Clichy        M6 Films
63 Three Colours:
Red                  Krzysztof Kieslowski        MK2 Films
64 The Concert       Radu Mihaileanu             Trésor Films
65 Arthur and the
Revenge of Maltazard Luc Besson                  EuropaCorp
66 Pot Luck
(L'Auberge
Espagnole)           Cédric Klapisch             Ce Qui Me Meut
67 Asterix and the
Vikings              S. Fjeldmark, J. Moller     M6
68 Minuscule: Valley
of the Lost Ants     H. Giraud, T. Szabo         Futurikon
69 Taxi 5            Frank Gastambide            T5 Production (EuropaCorp)
70 Sarah's Key       Gilles Paquet-Brenner       Hugo Productions

Year of    Number of   Admissions  Box office
production territories (millions)    (MEUR)

2014           70         56.07     314.12
2012           81         47.68     272.93
2014           83         43.98     263.27
1997           45         35.75     164.08
2010           66         31.87     220.06
2017           82         30.53     169.78
2007           59         30.16      164.1
2000           53         23.14      138.9
2004           45         19.96      96.63
2013           66         18.23      79.71
2001           44         17.87      99.21
2008           56         16.77      81.09
1998           39         15.91      71.26
2011           58         13.47      86.13
2015           80          12.9      65.83
2005           54         12.71      62.75
2001           53         12.18      71.49
1994           27         11.58       61.1
2008           56         10.54      46.47
2012           69         10.44       56.4
2001           38         10.21      47.64
2005           49          10.2      49.84
2013           48          9.85       68.4
1999           37           9.7      50.29
2010           57          9.56      51.02
2006           37           9.4      49.53
1999           36          8.89      45.67
2001           53          7.75      42.96
2007           35          7.62      49.91
2008           60          7.52      40.65
2001           41          7.42      31.19
2008           51          7.13      43.24
2003           38          6.78      34.05
2007           30          6.22      39.11
2003           22           6.1      34.68
2005           47          6.06      32.85
2012           49          6.05      29.81
2000           35             6      32.67
2009           47          5.57      32.76
2006           23           5.4      22.09
2004           40          5.31       28.4
2015           49          5.22      34.51
1999           43          5.16      25.12
2004           37          4.65      25.35
2000           36           4.6      25.23
2004           36           4.5       25.7
2000           39          4.47      24.29
2001           44          4.36      24.01
2003           29          4.13      18.66
2008           20          4.01      21.31
2013           44          3.97      25.32
2001           29          3.94      16.48
2009           29          3.86      17.45
2011           32          3.84      24.79
2011           53          3.78       24.8
2010           46          3.72      23.58
1998           35          3.57      17.72
2012           55          3.54      21.11
2002           36          3.45      18.19
2004           34          3.42      13.08
1996           36          3.25      15.28
2012           40          3.16      18.38
1994           28          2.98      12.04
2008           43          2.81      17.41
2008           44          2.74      13.35
2001           33          2.74      13.68
2004           28           2.7      13.33
2013           52          2.63      13.32
2018           44          2.56      10.95
2010           24          2.44      15.17

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14/02/2024 19:30

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