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Banijay Group NV
AEX:BNJ

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Banijay Group NV
AEX:BNJ
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Price: 8.3 EUR 1.22% Market Closed
Market Cap: 3.5B EUR

Banijay Group NV
Investor Relations

FL Entertainment NV is a holding company, which engages in the provision of content production and online sports betting platform. The company is headquartered in Paris, Ile-De-France and currently employs 4,551 full-time employees. The company went IPO on 2022-07-01. The firm provides online platform for digital entertainment content production and sports betting in Europe through its two business segments, Banijay and Betclic Everest Group. The Banijay Group creates, develops, sells, produces and distributes television formats and programs, and digital content for a wide range of customers. The company produces both scripted and non-scripted content across all genres, including reality shows, entertainment and talk shows, game shows, factual entertainment, documentary, drama and comedy. Betclic Everest Group offers gaming and online sports betting. Its online gaming offering comprises casino, poker, games and virtual sports. The Company’s four main geographies are France, Portugal, Poland, Germany and Italy.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 30, 2023
AI Summary
Q1 2023

Revenue Growth: FL Entertainment reported Q1 2023 group revenue up by 1.1%, with strong activity in online sports betting and a return to normal seasonality in content production.

Segment Performance: Online sports betting and gaming revenues jumped 14.5%, driven by a 42% surge in unique active players after the World Cup, while content production revenue fell just over 3% due to tough COVID-related comparables.

Profitability: Adjusted EBITDA was essentially flat, and adjusted net income rose 5.3% to EUR 70 million.

Cash Generation: Strong cash conversion continued, with adjusted free cash flow hitting EUR 119 million and stable financial leverage at 3.1x.

Guidance Reconfirmed: Management reaffirmed 2023 guidance for mid-single-digit growth in content production and double-digit growth in betting, with group adjusted EBITDA target of around EUR 710 million.

M&A and Refinancing: The company completed a significant debt refinancing, raising close to EUR 1.1 billion and extending maturities, and sees favorable conditions for further M&A.

Streaming Momentum: Content distribution to streaming platforms remains a growth driver, with notable successes in both scripted and unscripted formats.

Key Financials
Adjusted Net Income
EUR 70 million
Adjusted Free Cash Flow
EUR 119 million
Cash Conversion Rate (after CapEx and lease payments)
83%
Financial Leverage Ratio
3.1x
Content Hours (end of March 2023)
167,000 hours
Proportion of Revenue from Regulated Markets (Betting)
Over 98% in Q1
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Francois Franck Riahi
CEO & Executive Director
No Bio Available
Ms. Sophie Michele Kurinckx-Leclerc
CFO & Executive Director
No Bio Available
Mr. Gregoire Dumazy
Head of legal affairs, Securities Law & Compliance and Company Secretary
No Bio Available
Mr. Marco Bassetti
CEO of Banijay Entertainment & Banijay Live
No Bio Available
Mr. Nicolas Beraud
CEO of Banijay Gaming
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
5 Rue Francois 1er
Contacts