NRJ GROUP (EPA:NRG) - NRJ GROUP - Press release - 2020 revenue

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04/02/2021 17:47

Paris, February 4, 2021 - 5.45 pm
2020 revenue - NRJ Group

- TV and Broadcasting divisions grow in the fourth quarter of 2020
- Radio division?s revenue still impacted by health measures in France and
  Europe

                           4th quarter            12 months to date
In millions of euros   2020    2019   Change    2020     2019   Change

Radio                  60.4    69.1   -12.6%   191.5    236.7   -19.1%
Television             23.9    22.8    +4.8%    70.7     84.5   -16.3%
Broadcasting           15.9    15.3    +3.9%    62.6     65.0    -3.7%
Revenue excluding
barters               100.2   107.2    -6.5%   324.8    386.2   -15.9%
Revenue on barters      3.7     6.5   -43.1%    11.4     20.4   -44.1%
Revenue               103.9   113.7    -8.6%   336.2    406.6   -17.3%

The COVID-19 health crisis continued to affect NRJ Group's activity in the
fourth quarter of 2020. It was marked by new lockdown measures in France and in
other European countries in which the Group operates. Despite these measures,
TV and Broadcasting activities grew in the fourth quarter, but the Group's
Radio activity was impacted by the measures implemented in relation to the
health crisis. Against this backdrop, the Group's consolidated revenue
excluding barters totalled EUR100.2 million in the fourth quarter of 2020, down
6.5% compared to the fourth quarter of 2019. For the 12 months of the 2020
financial year, the Group's consolidated revenue excluding barters totalled
EUR324.8 million, down 15.9% compared to the same period in 2019.

                                     RADIO

In France

Despite a more limited impact than that of spring 2020's lockdown, the new
health restrictions implemented in November 2020 caused a significant decrease
in the revenue(1) of radio activities for that period. This decrease followed
an October with a decreased number of advertising campaigns caused by the
period of great uncertainty that advertisers faced. In these conditions,
despite a recovery in December immediately after shops reopened, Radio activity
in France recorded a drop in revenue(1) of 13.7% in the fourth quarter.

With the results of the Médiamétrie audience figures for the
November-December 2020 wave, the Group has the number one commercial radio
offer for the 25-49 age group target, with 22.4% cumulative audience(2) and
solid dominant positions. NRJ brings together all generations with its
programmes filled with optimism and is France's number 1 radio station for
listeners in the under-65 age group(3); 'Manu dans le 6/10' is France's number
one morning show for listeners in the under-60 age group(4), and 'C'Cauet' is
France's number one drive-time radio show for the under-60 age group(4). With
its morning show 'Le RÉVEIL CHÉRIE', Chérie FM, the station with the most
female listeners in France(5), recorded the greatest increase for music radio
stations with +31%(6) audience share in the 13+ age group in one year. Every
day, almost 9.4 million French people listen to the Group's radio
stations(7).

With its programmes available on all digital devices, NRJ Group is the number
one private audio group: number one private internet radio group(8), leading
radio group on smart speakers(9) and number one group for e-commerce(10).

Every week, NRJ brings together almost 6 million listeners who buy products or
services online(10). NRJ is also France's number 1 private radio in terms of
podcast listener numbers(11).

Internationally

In the fourth quarter of 2020, International Radio revenue(1) recorded an 8.1%
drop, which, like in France, was due to the health restrictions implemented in
the main countries in which the Group operates.

In this exceptional context, the Radio division's revenue(1) reached EUR60.4
million in the fourth quarter, down 12.6% compared to the fourth quarter of
2019, and EUR191.5 million for the 2020 financial year, a decrease of 19.1%
compared to the 2019 financial year.

                                  TELEVISION

NRJ Group's TV division activity grew by +4.8% in the fourth quarter of 2020
and continued the rebound seen in the third quarter of 2020 (+3.0%), driven by
a dynamic TV advertising market.

In this unprecedented situation caused by the health crisis, consumption of TV
media was at a very high level in 2020. Viewers' great need for information was
clearly beneficial to the 4 news channels, which saw their general audience
share increase by 52%(12) in the fourth quarter compared to the same period in
2019 and by 38%(13) in one year (+1.7 points for the entire viewing public). In
this context, the Group's TV division had the following audience shares in
2020: 2.4%(14) for the entire viewing public, 2.7%(14) for the 25-49 age group
target, and 3.2%(14) for the Women Under 50 Responsible for Purchases target.
Chérie 25 renewed its all-time audience high for the Women Under 50
Responsible for Purchases target with 1.3%(15). Every day, almost 8.5 million
viewers watch NRJ 12 and Chérie 25(16).

Given the COVID-19 crisis, the TV division's revenue(1) totalled EUR70.7
million for the 12 months of the financial year, down 16.3% compared to the
same period of the previous financial year, with growth of +4.1% in the second
half of the year.

                              BROADCASTING

In the fourth quarter of 2020, the Broadcasting division recorded revenue(1) of
EUR15.9 million, an increase of +3.9% compared to the fourth quarter of 2019,
driven by growth in its FM, DAB+ and DTT activities.

As a reminder, in 2019, towerCast recorded revenue linked to one-off DTT
frequency reallocation services, which ended on 30 June 2019. In 2020, and
given this negative base effect, revenue(1) for the Broadcasting division
totalled EUR62.6 million, down EUR2.4 million (-3.7%) compared to the same
period of 2019. Discounting this item, the Broadcasting division's revenue(1)
recorded growth of almost +5% for the 12 months of the 2020 financial year.

Recent change and outlook: COVID-19

Given the uncertainty surrounding the health situation in France and Europe,
NRJ Group has very limited visibility for the first quarter of the 2021
financial year.

Next release: 2020 annual results on March 17, 2021 (after market close).

Sources:
(1) Consolidated revenue excluding barters, in the process of being audited,
    and according to IFRS standards.
(2) Médiamétrie, 126 000 radio, November-December 2020, NRJ Global,
    Monday-Friday, 5h-24h, 25-49 age group AC.
(3) Médiamétrie, 126 000 radio, November-December 2020, NRJ, Monday-Friday,
    13-64 age group, 5h-24h, AC.
(4) Médiamétrie, 126 000 radio, November-December 2020, NRJ, Monday-Friday,
    13-59 age group, 6h00-10h00 (MANU DANS LE 6/10), 15h00-20h00 (C'CAUET), AC.
(5) Médiamétrie, 126 000 radio, November-December 2020, CHERIE FM,
    Monday-Friday, 5h-24h, female listeners, AC and QHM in structure.
(6) Médiamétrie, 126 000 radio, November-December 2020 vs November-December
    2019, CHERIE FM, Monday-Friday, aged 13 years and +, Audience Share,
    6h00-9h00.
(7) Médiamétrie, 126,000 radio, November-December 2020, NRJ Global,
    Monday-Friday, aged 13 years and +, 5h-24h, AC, 9,384,000 listeners.
(8) ACPM-OJD, global digital radio broadcasting, December 2020, active
    listening sessions +30 seconds, data for France, NRJ Group: 33,141,568
    active listening sessions.
(9) Médiamétrie, Smart speakers survey, April-May 2019, Internet users aged
    15 and + (65.2% of radio listeners on smart speakers listen to radio
    stations of NRJ Group).
(10) Kantar Media TGI October 2020. Stations listened to over the last 8 days.
     Internet use to purchase products or services. 15+ age group target.
(11) Médiamétrie, Global Radio, September-October 2020, AC, 5h-24h,
     Monday-Friday, aged 13 years and +, AC in replay.
(12) Médiamétrie-Médiamat, aggregate chaînes Info (global)= BFM TV, CNEWS,
     LCI, Franceinfo: Audience share, Day of viewing, aged 4 years and +,
     03h-27h, Monday to Sunday, Q4 2020 vs Q4 2019, Change in percentage
     points.
(13) Médiamétrie-Médiamat, aggregate chaînes Info (global)= BFM TV, CNEWS,
     LCI, Franceinfo: Audience share, Day of viewing, aged 4 years and +,
     03h-27h, Monday to Sunday, 2020 vs 2019, Change in percentage points.
     6.2% in 2020 vs 4.5% in 2019 : +1.7 point.
(14) Médiamétrie-Médiamat, NRJ GROUP TV Division = aggregate NRJ 12 +
     Chérie 25, Audience share, Day of viewing, targets specified, 03h-27h,
     Monday to Sunday, 2020.
(15) Médiamétrie-Médiamat, Chérie 25, Audience share, Day of viewing,
     target specified, 03h-27h, Monday to Sunday,2020.
(16) Médiamétrie-Médiamat, NRJ GROUP TV Division = aggregate NRJ 12 +
     Chérie 25, aged 4 years and +, 03h-27h, Monday to Sunday, 2020, TCE =
     8,478,000 viewers, threshold 10 consecutive seconds.

Notice: Some of the information contained in this financial release may be
provisional. This information reflects either trends or objectives and cannot
be taken as a forecast of results or of any other performance indicator. By its
very nature, such information is subject to risks and uncertainties which may,
in certain cases, be beyond the Company's control. More details on these risks
and uncertainties can be found in the Company's Universal Registration
Document, which is available on its website (www.nrjgroup.fr) in the "Finances/
Publications financières/ Rapports financiers" section.

About NRJ GROUP

NRJ GROUP is one of France's leading private media groups in the publishing,
production and broadcasting sectors and also markets its own media spaces.

In France, the Group tops the private radio market with its four brands (NRJ,
CHERIE FM, NOSTALGIE and RIRE & CHANSONS), is a significant player on the
television market where it operates and develops two free national channels
(NRJ 12 and CHERIE 25) and a paid channel (NRJ HITS, the number 1
cable-satellite-ADSL music channel) and, through its subsidiary towerCast,
ranks number two on the French broadcasting market. Backed by its strong
brands, marketing expertise and commercial performance, in recent years the
Group has also developed a digital ecosystem enabling it to monitor and
anticipate changes in the consumption of media via new delivery mechanisms,
expanding its original brand portfolio through websites, mobile and voice apps,
multi-channel networks and nearly 240 Internet radio stations. Today, NRJ Group
is the number 1 private Internet radio group in France. This digital presence
enables the Group's advertising business to provide its clients with a more
targeted offering thanks to the strategic data collected by the Group.

On the international market, the Group is present in 17 other countries, with
NRJ/ENERGY, the number one international radio brand, and/or
NOSTALGIE/NOSTALGIA, either directly or through partnerships or licensing
agreements.

    NRJ GROUP shares are listed on the Euronext in Paris (compartment B).
      Codes - ISIN: FR0000121691; Reuters: NRG-FR; Bloomberg: NRG FP.

                       Analyst and Investor Information
  NRJ GROUP ? Investor Relations 46-50 avenue Théophile Gautier 75016 Paris -
                                www.nrjgroup.fr
       FTI Consulting ? Arnaud de Cheffontaines / Cosme Julien-Madoni /
         Tel: + 33 1 47 03 68 19 / e-mail: nrjgroup@fticonsulting.com

     NRJ GROUP, a public limited company with capital of 781,076.21 euros
                   Head office: 22, rue Boileau 75016 Paris
                             332 036 128 RCS PARIS

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NRJ GROUP (EPA:NRG) - NRJ GROUP - Press release - 2020 revenue

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