Vivendi: Strong Growth of the Group’s Operating Activities and EBITA in 2022

Editis/Lagardère: continuing constructive dialogue with the European Commission and discussions with potential buyers of Editis with the aim of submitting a remedy proposal around mid-March Yannick Bolloré, Chairman of Vivendi’s Supervisory Board, said: "2022 was a solid year for Vivendi. Our main businesses have shown considerable dynamism, ensuring the group’s more than satisfactory performance even with the exit of Universal Music Group (UMG) from our consolidation scope in 2021. On behalf of the group’s Supervisory Board, I want to congratulate all the Vivendi teams for contributing to this performance. I would also like to thank all our customers, talents, authors, and creative teams for their trust. We have made good progress in implementing our strategic roadmap, which focuses on transformation, internationalization and greater integration of our businesses. The record result posted by Gameloft in 2022 is an excellent example of this, with the success of its transformation by making video games available on all platforms. Vivendi's international development, accompanied by a strong local presence, continued in 2022, making it more agile in a highly competitive environment. Havas made eight targeted acquisitions in Europe, Australia, and China. Canal+ Group strengthened its position on the European continent and in Africa. The planned transaction with the Lagardère group is part of this internationalization process. The harmonious and intelligent integration of our businesses has been greatly facilitated by a management team, renewed in 2022, that is dynamic and united around the fundamental driving force behind our group: creation. I also would like to recognize the progress made in environment, social and societal issues. Vivendi is moving into 2023 with confidence. Nevertheless, we remain attentive to the macro-economic and geopolitical context. Arnaud de Puyfontaine, Chairman of Vivendi's Management Board, added: "Vivendi has posted very solid operating results for 2022 with double-digit growth in EBITA and revenues. This excellent performance reflects the strong resilience of our culture, entertainment, and information businesses. These businesses alone are responsible for 10% of the EBITA growth. Including the contributions of our interests in Universal Music Group (UMG) and Lagardère, EBITA growth was even higher at 35.6%. In addition, the group's financial situation is robust, with net debt under control, good cash flow generation and significant available credit lines. Havas was particularly strong in 2022, with impressive and recurring growth rates from one quarter to the next. Canal+ Group improved its profitability and exceeded â'¬500 million in EBITA. Gameloft's revenues reached their highest level ever. I would also like to commend the dynamism of Prisma Media's teams. We are extremely proud to have been entrusted with the February launch of the French edition of Harper's Bazaar, a legendary fashion and style brand. Many more projects and new publications will be launched in the coming months. We are engaged in a constructive dialogue with the European Commission with a view to obtaining approval for our proposed transaction with Lagardère in the coming months. We are also pursuing discussions with the potential buyers of Editis with the aim of submitting a remedy proposal around mid-March" This press release contains audited consolidated financial results for the fiscal year ended December 31, 2022, established under IFRS, which were approved by Vivendi’s Management Board on March 6, 2023, reviewed by Vivendi’s Audit Committee on March 6, 2023, and by Vivendi’s Supervisory Board on March 8, 2023. As of December 31, 2022, in accordance with IFRS 5, Vivendi decided, given the plan to sell Editis, that its contribution to the group’s activities would be reported in “Earnings from discontinued operations” for 2021 and 2022. Revenues In 2022, Vivendi’s revenues were â'¬9,595 million, an increase of 10.1% compared to 2021, mainly due to the performance of Havas (+â'¬424 million), the growth of Canal+ Group (â'¬100 million) and the very strong increase of Gameloft (â'¬56 million). Revenues also benefited from the recovery of the ticketing and live activities (+â'¬136 million) after two years of health crisis. It also included the contribution of Prisma Media (+â'¬126 million) consolidated over the full twelve months in 2022, compared to just seven months in 2021 (since June 1, 2021). At constant currency and perimeter1, Vivendi’s revenues grew by 5.1%, compared to 2021. EBITA EBITA was â'¬868 million, an increase of 35.6% compared to 2021. It included Vivendi’s share of the net earnings of Universal Music Group (UMG) for â'¬124 million, compared to â'¬33 million in 2021 (accounted for under the equity method as from September 23, 2021) and Lagardère for â'¬98 million, compared to â'¬19 million in 2021 (accounted for under the equity method as from July 1, 2021). Excluding Vivendi’s share of UMG and Lagardère’s net earnings, EBITA increased by 10.0%, mainly due to the growth of Havas (+â'¬47 million) and Canal+ Group (+â'¬35 million). At constant currency and perimeter1, EBITA increased by 24.6% and by 4.5%, excluding Vivendi’s share of UMG and Lagardère’s net earnings. Adjusted net income Adjusted net income was a profit of â'¬343 million (or â'¬0.33 per share - basic), compared to â'¬613 million (or â'¬0.57 per share - basic) in 2021. The unfavorable change in Vivendi’s share of Telecom Italia’s net earnings (-â'¬380 million) was partially offset by the increase in EBITA (+â'¬229 million). Excluding the share of Telecom Italia’s net earnings, adjusted net income was a profit of â'¬677 million, up +19.4%. As a reminder, in 2021, adjusted net income included an extraordinary dividend received from MediaForEurope for â'¬102 million. Earnings attributable to Vivendi SE shareowners Earnings attributable to Vivendi SE shareowners amounted to a loss of â'¬1,010 million (or -â'¬0.98 per share - basic), compared to a profit of â'¬24,692 million (or â'¬22.94 per share - basic) in 2021 which included the capital gain on the deconsolidation of the 70% interest in UMG. It includes: In 2021, IFRS 5 was similarly applied to UMG. In 2021, Earnings attributable to Vivendi SE shareowners included notably the capital gain on the deconsolidation of the 70% interest in UMG of â'¬24,840 million after taxes. As of December 31, 2022, Vivendi’s financial net debt amounted to â'¬860 million compared to a net cash position of â'¬348 million as of December 31, 2021. This change during fiscal year 2022 was mainly due to Vivendi’s investment in Lagardère as part of its public tender offer on the group and Canal+ Group’s investment in MultiChoice Group. In addition, Vivendi has significant financing capacity. As of December 31, 2022, â'¬2.8 billion of the group’s committed credit facilities were available, and Vivendi’s consolidated shareowners’ equity amounted to â'¬17.6 billion. At the end of the friendly public tender offer for the shares of Lagardère filed on February 21, 2022, Vivendi owned 57.35% of the company’s share capital. On December 31, 2022, following the exercise of transfer rights at a price of â'¬24.10 granted under the subsidiary leg of the public tender, Vivendi held 57.66% of Lagardère’s share capital. As of the same date, Vivendi owns 22.81% of the theoretical voting rights pending approval of the takeover of Lagardère by the competition authorities pursuant to the European Merger Control Regulation. Vivendi notified its proposed transaction with Lagardère to the European Commission on October 24, 2022 and submitted its commitments on December 11, 2022. On November 30, 2022, the European Commission announced the opening of an in-depth investigation. The Commission is expected to issue its decision by June. In the meantime, Vivendi is continuing its dialogue with the European Commission on the remedies that could be offered. In parallel, it is continuing its discussions with the potential buyers of Editis. The transaction with Lagardère, if authorized by the European Commission, will consolidate Vivendi’s strong industrial ambitions by making significant investments, notably in quality content in France and abroad. This transaction is also intended to create a global best-in-class publisher that will promote creation, authors, knowledge and culture in an integrated and powerful way with synergies in audiovisual, thus creating new opportunities for the authors and giving a new impetus to culture. It will enable Lagardère to seize external growth opportunities in the areas in which it operates, thereby giving it the means to develop. Since January 1, 2022, Vivendi has repurchased 30.5 million of its own shares (i.e., 2.76% of its share capital) for an aggregate amount of â'¬325.3 million under the current share repurchase program. As of March 8, 2023, Vivendi holds 78.2 million treasury shares, representing 7.1% of the share capital. At the General Shareholders’ Meeting to be held on April 24, 2023, shareholders will be asked to renew two share repurchase authorizations granted in April 2022: The General Shareholders’ Meeting will vote on the proposal to distribute an ordinary cash dividend of â'¬0.25 per share in respect of fiscal year 2022, identical to the dividend paid last year. This amount represents a yield of 2.5% compared to the closing price of Vivendi shares on December 31, 2022. The ex-dividend date would be April 25, 2023, and payment would occur as from April 27, 2023. The General Shareholders' Meeting will also be asked to renew the term of office of Cyrille Bolloré as a member of the Supervisory Board and to appoint Sébastien Bolloré, an entrepreneur based in the Asia-Pacific region with expertise in new media, video games and technological developments (see biography appearing before the appendices). The term of office of Mr. Dominique Delport, who has not sought reappointment, will expire at the end of the General Meeting on April 24, 2023. In addition, Vincent Bolloré is not seeking renewal of his term of office as a non-voting board member (censeur). As part of its Creation for the Future CSR (Corporate Social Responsibility) program, Vivendi has set a common course for the entire group up to 2025 and, in the case of environmental commitments, 2035. In 2022, the group intensified its efforts to help build a more inclusive society and contribute to the fight against climate change. Among the group's most notable advances in environmental matters, Vivendi reduced its greenhouse gas emissions (scope 1 and 2) by 10% in 2022 compared to 2021, and 37% of the energy used by the group worldwide now comes from renewable energies (+16 points compared to 2021). In terms of social issues, in 2022, Vivendi increased the proportion of women in its workforce by one point to 53% compared to 2021 and in its management bodies by three points to 38%4 Vivendi has set a gender parity target of 40% of its management bodies by 2023. In addition, 91% of the group's employees5 have been trained in the anti-corruption system, an increase of eight points compared to 2021. In terms of social responsibility, Vivendi launched the Vivendi Mentorat program in mainland France as part of the French government's "1 Jeune, 1 Solution” (1 Young Person, 1 Solution) initiative. In 2022, some 104 mentors from all the group’s businesses accompanied and supported, during working hours, 120 young people whose social or territorial background or life path make professional integration more difficult. Canal+ Group At the end of December 2022, Canal+ Group’s total subscriber portfolio (individual and collective) reached 25.5 million, compared to 23.7 million at the end of December 2021. In 2022, Canal+ Group's revenues were â'¬5,870 million, up 1.7% compared to the end of December 2021 (+0.3% at constant currency and perimeter). Revenues from television operations in mainland France increased by 1.6% at constant currency and perimeter compared to 2021, driven mainly by further growth in the subscriber base. The total subscriber base in mainland France recorded a net increase in subscribers of 457,000 over the past twelve months and reached 9.5 million subscribers. Revenues from international operations increased by 3.5% at constant currency and perimeter compared to 2021, thanks again to the significant growth in the number of subscribers (+1.3 million year-on-year). The total subscriber portfolio outside mainland France stood at 16.0 million subscribers at the end of December 2022. Studiocanal’s revenues decreased by 22.8% at constant currency and perimeter. Studiocanal was the year’s leading French film distributor, with 8.9 million admissions. 2022 was marked by record-breaking performances from the catalog and theatrical releases (November, Rise, Superwho?, Goliath, Waiting for Bojangles, etc.). The drop in revenues was due entirely to the fact that 2021 was an exceptional year for TV series (War of the Worlds Season 3, Stay Close, Now and Then, Un Asunto Privado, etc.) and to the postponement of the release of international films to 2023 to optimize their box-office performance. This revenue decrease had no impact on EBITA, which increased compared to 2021. In 2022, Canal+ Group’s profitability improved compared to 2021. EBITA amounted to â'¬515 million, an increase of 7.3% (+3.4% at constant currency and perimeter). During the fourth quarter of 2022, Canal+ Group further strengthened its content offerings with, in particular: On January 9, 2023, Canal+ Group and Orange announced the signing of a memorandum of understanding regarding the acquisition by Canal+ Group of all shares of the OCS pay-TV package and in Orange Studio, the film and series co-production subsidiary, held by Orange. Finally, on February 10, 2023, Canal+ Group, the largest shareholder of MultiChoice Group since September 2021, announced that it now holds 30.27% of the company's share capital. MultiChoice Group is the leading pay-TV operator in English- and Portuguese-speaking Africa in more than 50 countries. This threshold crossing demonstrates the confidence of Canal+ Group and Vivendi in the prospects of MultiChoice Group and the African continent, to which they are very attached. Havas Havas reported another year of sustained growth in 2022, thanks to the strong commercial performances from all three divisions (Creative, Health & You and Media) and an aggressive external growth policy that led to the acquisition of eight majority interests, the most since 2015. In 2022, Havas’s revenues were â'¬2,765 million, up 18.1% compared to 2021 (+9.2% at constant currency and perimeter). Net revenues6 were â'¬2,590 million, up 15.8 % compared to 2021. Organic growth was up 6.8 % compared to 2021 (+10.4% in 2021 compared to 2020). Currency effects were positive at +6.3% and the contribution from acquisitions was also positive at +2.7%. For the fourth quarter of 2022, net revenues were â'¬745 million, up 11.2% compared to the fourth quarter of 2021, including organic growth of +2.3% (against a high comparison base, particularly in Europe and North America). In 2022, all geographical regions achieved highly satisfactory organic growth. The two biggest contributors, Europe (+7.6%) and North America (+5.2%) continued their solid organic growth track record. Asia-Pacific (+5.8%) and Latin America (+13.6%) also reported good levels of organic growth. In 2022, EBITA after restructuring charges was â'¬286 million, compared to â'¬239 million in 2021, an increase of 19.7%. The EBITA margin reached 11.0% of net revenues (compared to 10.7% as of December 31, 2021), an increase in profitability over 2021 despite lower organic growth and a significant increase in payroll costs. In 2022, Havas pursued its targeted acquisitions policy and acquired eight majority interests that will bolster the group’s future growth: Bastion Brands (Australia â€" health communication), Expert Edge (United Kingdom â€" media performance), Additive+ (United Kingdom â€" data-driven creation), Search Laboratory (United Kingdom â€" digital media), Front Networks (China â€" creative), Frontier Australia (Australia â€" performance marketing), Inviqa (United Kingdom â€" digital media) and Tinkle (Spain â€" strategic communication). With these acquisitions, Havas is strengthening its geographical positions, particularly in the United Kingdom, now Havas’s second largest market in Europe, while capitalizing on new skillsets in digital media and performance. 2022 was a dynamic year for Havas in terms of both new client wins and creative awards given to its agencies (close to 1,400) around the world (please refer to Appendix VI). Prisma Media In 2022, Prisma Media’s revenues were â'¬320 million, stable at constant currency and perimeter compared to 2021 (12-month data7) with growing digital activity. At the end of December 2022, Prisma Media brands held leading positions in digital audiences: Télé-Loisirs is No. 1 in the Entertainment segment with a monthly average of 20 million unique visitors (UVs); Capital is No. 1 in the Economic segment with 9.5 million UVs and Femme Actuelle is now No. 1 in the Women’s segment, taking the lead over Le Journal des Femmes with a monthly average of 18 million UVs. By strengthening content on new subjects such as health on Femme Actuelle and SVOD programs on Télé-Loisirs, digital audiences increased. Prisma Media was awarded the exploitation license for the magazines Dr.Good! and Dr.Good! C’est Bon!. The first issues, published in July and August 2022, were immediate newsstand successes. The Gala brand confirmed its position as the European media leader on TikTok with more than 5 million followers on this network. Hearst Magazines International chose Prisma Media to launch the French version of Harper’s Bazaar, the legendary brand specializing in fashion and style for over 150 years. The multi-year license is globally deployed: print magazine, website, and social networks. The website and the first issue of the magazine were launched on February 23, 2023. In 2022, Prisma Media’s EBITA was â'¬31 million, up â'¬1 million compared to 2021 (12-month data7) despite the impact of higher raw material costs, especially paper prices. Gameloft For the fourth quarter of 2022, Gameloft's revenues were â'¬106 million, up 30.7% compared to the same period of 2021, crossing for the first time the symbolic threshold of â'¬100 million for a quarter. In 2022, Gameloft’s revenues reached an all-time high of â'¬321 million, up 21.2% compared to 2021 (+19.4% at constant currency and perimeter). This strong increase results from Gameloft's strategic shift towards Console-PC-Mobile multi-platform games. The increase was also achieved in a declining video game market. With the immediate success of Disney Dreamlight Valley, launched in September 2022 simultaneously on Nintendo Switch, PlayStation 4 and 5, Xbox One and Series X/S, Steam, Epic and Microsoft stores, Gameloft's diversification into non-mobile games is accelerating: Console and PC revenues represented 28% of its revenues in 2022. In 2023, more multi-platform games positioned as GaaS (Game as a Service) will be released by Gameloft studios. In 2022, Gameloft’s EBITA was â'¬12 million, up 46.3% year-on-year (+8.1% at constant currency and perimeter). Vivendi Village In 2022, Vivendi Village’s revenues were â'¬238 million compared to â'¬102 million in 20219, which was impacted by the effects of the pandemic (x2.2 at constant currency and perimeter). This strong growth reflects the return of audiences to theaters, festivals and other public events after two years of health restrictions. See Tickets, the ticketing company operating in a dozen countries in Europe and the United States, sold 39 million tickets in 2022, up sharply from 2021 (27 million) and 2019 (25 million). Twenty festivals were held in 2022, mainly in France and Great Britain, bringing together more than half a million festivalgoers. The Olympia theatre in Paris has returned to its pre-Covid attendance levels, with a total of 262 shows and some 470,000 spectators. Le Théâtre de l'Oeuvre in Paris hosted 297 shows, including dramas, comedies and concerts. New Initiatives In 2022, New Initiatives, which brings together Dailymotion and the GVA entities, recorded revenues of â'¬122 million compared to â'¬89 million in 2021 (+37.2% at constant currency and perimeter). In 2022, Dailymotion's revenue increased by 29.5% compared to 2021. Programmatic video advertising sales, mainly driven by France, North America, Europe, the Middle East and Africa, increased by 60% compared to 2021. Dailymotion's audience has hit record levels, boosted by the signing of new partnerships in France, the Middle East, North Africa and the United States and the expansion of existing partnerships, notably with Prisma Media in France and MSN in Europe and the United States. Dailymotion also continues to develop its strategy to reach a younger audience by signing deals with new media outlets, including KOP, Fraiches, Minute Buzz, Néo and Le Bonbon in France. GVA, a telecoms operator dedicated to providing very high-speed Internet access in Africa through its FTTH (Fiber to the Home) networks, operates in 12 metropolitan areas and seven sub-Saharan African countries (Burkina Faso, Ivory Coast, Congo-Brazzaville, Democratic Republic of Congo, Gabon, Rwanda and Togo). In 2022, GVA, under the CANALBOX brand, continued to grow steadily, covering a market of 1.9 million eligible homes and businesses (homes passed). Editis (discontinued operation) In 2022, in a declining market, Editis’s revenues were â'¬789 million, a decrease of 8.1% at constant currency and perimeter compared to 2021. However, this change needs to be kept in perspective because last year's growth was unprecedented. In 2022, Editis’s Tourism and Comics/Manga segments outperformed an already dynamic market, achieving double-digit growth. In the latter segment, Editis is building on its flagship collections and expanding by opening new publishing houses: Black River, dedicated to comics, and Kotoon, specializing in Webtoons. Editis, either through its owned publishing houses or through third-party publishers, remained at the top of the sales charts, with best-selling titles including JoÃ"l Dicker’s new book L’affaire Alaska Sanders, Lucia, the thriller by Bernard Minier, 9. Noa by Marc Levy, and Labyrinthes by Franck Thilliez. Through its acquisition in May 2022 of Educlever, which owns the Maxicours and Enseigno tutoring platforms, Editis reinforced its ambition to become a key player in digital transformation, education, and training. In addition, Editis is undertaking an ambitious modernization program for its logistics system, which incorporates the most innovative technologies and should, in particular, enable it to offer 24-hour delivery to booksellers in France. In 2022, Editis’s EBITA was â'¬31 million, compared with â'¬51 million in 2021. For additional information, please refer to the “Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2022” to be released tonight (Paris time) on Vivendi’s website (www.vivendi.com). About Vivendi Since 2014, Vivendi has been building a world-class content, media and communications group. The group owns leading, highly complementary assets in television and movies (Canal+ Group), communications (Havas), publishing (Editis), magazines (Prisma Media), video games (Gameloft) and live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims to contribute to a carbon-neutral world by adopting an approach aligned with the 2015 Paris Agreements. In addition, the group is helping to build more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and its businesses, and increasing awareness of 21st-century challenges and opportunities. www.vivendi.com. Important Disclaimers Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, 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, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions and the risks described in the documents of the group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi's website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of any such facility. Biography of Sébastien Bolloré After studying management in France, Sébastien Bolloré left for the United States in the early 2000s to continue his studies in management and film at the University of California, Los Angeles (UCLA). At the Bolloré Group, he participated in the establishment of the French Direct 8 television channel, created in 2001 and officially launched in 2005, which later became C8. In parallel, Sébastien Bolloré became an expert in the video game industry. In 2008 he became a director of Bigben Interactive, a major player in video game and smartphone accessories. In 2016, he became a director of Gameloft SE, a global leading video game developer and publisher. In 2019, drawing on his experience, he founded the video game company Magic Arts, of which he is Chairman & Chief Executive Officer. In 2020 he also became a director of Nacon, a video game subsidiary of Bigben Interactive. Sébastien Bolloré has been working in the Asia-Pacific region for several years, advising the group based on his expertise in new media and technological developments. In 2022, he was appointed Deputy Chief Executive Officer of Compagnie de l'Odet, the holding company that controls the Bolloré group. ____________________________ 1 Constant perimeter notably reflects the consolidation of Prisma Media since June 1, 2021, as well as the equity accounting of Lagardère since July 1, 2021, and Universal Music Group since September 23, 2021. 2 Non-GAAP measures. 3 Excluding the share of earnings of Telecom Italia accounted for under the equity method. As of December 31, 2022, Vivendi ceased to account for Telecom Italia under the equity method. 4 As a percentage of women on the group’s executive and operational committees and Vivendi SE’s executive committee (including the Management Board). 5 Based on the percentage of employees present at the end of December 2022 and eligible to participate in the training program. 6 Net revenues, a non-GAAP measure, relates to Havas’s revenues less pass-through costs chargeable to customers. 7 Vivendi has fully consolidated Prisma Media since June 1, 2021. 8 Gross margin relates to revenues after deducting cost of sales. 9 Vivendi Village’s revenues for 2021 have been restated: CanalOlympia is no longer part of Vivendi Village and is now part of the “Generosity and solidarity” operating segment. In millions of euros, except per share amounts. na: not applicable. * non-GAAP measures. As of December 31, 2022, in accordance with IFRS 5 - Non-current assets held for sale and discontinued operations, Editis was presented in Vivendi’s Consolidated Statement of Earnings as a discontinued operation. In practice, income and charges from Editis have been reported as follows: The adjustments to previously published data are reported in this Financial Report and in Note 29 to the Consolidated Financial Statements for the year ended December 31, 2022. *The non-GAAP measures of “adjusted earnings before interest and income taxes (EBITA)” and “adjusted net income” should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance. Vivendi considers these to be relevant indicators of the group’s operating and financial performance. Vivendi Management uses EBITA and adjusted net income for reporting, management and planning purposes because they exclude most non-recurring and non-operating items from the measurement of the business segments’ performances. For any additional information, please refer to the “Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2022“, which will be released online tonight (Paris time) on Vivendi’s website (www.vivendi.com). Nota: In accordance with IFRS 5, Editis was presented as a discontinued operation. These adjustments to previously published data are reported in Note 29 to the Consolidated Financial Statements for the year ended December 31, 2022. APPENDIX V VIVENDI KEY CONSOLIDATED FINANCIAL DATA FOR THE LAST FIVE YEARS (IFRS, audited) As a reminder, Vivendi has applied the following accounting standards for the last five years: APPENDIX VI VIVENDI HAVAS: SIGNIFICANT AWARDS AND WINS En 2022, Havas continued its global development by winning numerous new clients in creative, media expertise and healthcare communications, both locally and globally: Havas Creation Harman (Havas Creative + Media Global), La Poste (Havas Paris), SBK (Havas Germany), Department of Education (Havas London), Lincoln Financial (Havas New York), Chewy (Arnold Boston), Shaze Luxury Retail (Havas India), Kraft Heinz (Havas Formula US), Yili Milk (Havas China), Fiji Tourism (Havas Australia). Havas Health & You ViiV (Global), Merck Inc (Global), Sanofi (United States), Amgen (United States), Guardant Health (United States), Jazz Pharmaceuticals (Global), AbbVie (Global), Dior Sciences (Asia-Pacific, Europe, United States), Otsuka (Global), UCB Pharma (United States). Havas Media Wolverine (Global), Harman (Global), InDrive (Global), European Commission (Europe), Pedidos ya (Latin America), EDF (France), MSC Cruises (United States), Genesis (China), Matalan (United Kingdom), HSBC (Mexico & Argentina), Hochland (Germany). Fiscal year 2022 was an exceptional year in terms of creativity with close to 1,400 awards and distinctions won by all the group around the world. BETC topped the annual Top 8 Best Agencies list at Contagious Pioneers 2022. Earlier this year, the World Advertising Research Center (WARC) unveiled its annual industry-wide rankings, with no less than 33 mentions for Havas and its agencies, including: At the Cannes Lions International Festival of Creativity, Havas agencies won a total of 34 awards (1 Grand Prix, 4 Gold, 16 Silver and 13 Bronze). We would like to highlight the very high quality of the prizes won, in particular a Grand Prix and a Gold in Outdoor for Havas Middle East for its 'Liquid Billboard' campaign (Adidas). At the Clio Awards, the group's performance was up sharply with a total of 37 awards, including 5 Gold, 10 Silver and 22 Bronze. At the One Show, another major ceremony, the group's agencies won 17 awards. BETC made a big impression with three award-winning campaigns: 'The 9th Lane' for Lacoste (3 Gold, 1 Silver and 1 Bronze), Outlaw Runners for Distance (three Bronze), and Hennesscreen for Hennessy (one Bronze). Havas Lisbon and Havas Paris won a Gold. Havas Middle East received 3 Silver, Arnold Boston 1 Bronze and Havas Play 2 Bronze. At the prestigious D&AD Awards ceremony, Havas won 16 awards, received by BETC Paris, Havas Middle East, Havas Spain, and Host/Havas. At the LIA Awards ceremony, the group's agencies picked up 28 awards, including two Golds for Stabyl by Havas Germany and Havas New York for the German Parkinson Association. The other campaigns won 2 Gold, 15 Silver and 9 Bronze. Worldwide, the group won 40 local Effie awards and Havas Turkey was the big winner with a Global Effie for its Water Index campaign for Reckitt. At the Epica Awards ceremony (the only creative awards given by journalists working for marketing and communications magazines worldwide), the group's agencies won 11 awards, including 3 Golds (two for Stabyl from Havas Germany and Havas New York, and one for Outlaw Runners from BETC for Distance), 4 Silvers and 4 Bronzes. Havas agencies won 25 awards at the Eurobest Awards, including 3 Grand Prix for BETC's Gender Swap for Women in Games, Outlaw Runners, also from BETC, and Distance and Neverending Chase from Havas Milan for Affinity - Ultima. BETC was the second most awarded agency of the festival.