Xilam Animation Announces Revenues for H1 2021 - Seite 2

1. unaudited data
2. exclusive of audiovisual tax credit
3. including an estimate of the audiovisual tax credit

Strong increase in revenues, up 34%

The Xilam Group's total revenues and other income amounted to €13.1 million as at June 30, 2021, up +34% as compared to H1 2020. This increase was driven in large part by record revenues from new productions (€10.7 million), up +85% compared to H1 2020. Catalogue revenues are temporarily slowing down compared to the first half of 2020, the latter having benefited in particular from containment-related sales and new sales from the Cube catalogue. After taking into account further subsidies and other current operating income, total operating income amounted to €14.2 million, up by +35% compared to the first half of 2020.

Xilam is continuing its rapid development on digital platforms, which account for more than three quarters of half-yearly revenues. International operations represent an ever-increasing share of revenues this half-year, at 77% (73% in H1 2020).

Record new productions at +85%

The Group reported revenues from new productions of €7.8 million for the six months ending June 30, 2021, up +48% compared with H1 2020. Subsidies amounted to nearly €3 million, up sharply due to the large proportion of proprietary programs amongst deliveries this semester. Total revenues from new productions thus came to €10.7 million, a considerable increase of +85%.

This record level is a consequence of the editorial efforts the Group has been making for several years, which has driven an increase in deliveries. As a reminder, the Group has been highly active, with 11 productions in progress for the first half of the year. This growth is also the consequence of higher budget related to the series commissioned by digital platforms.

Major proprietary program deliveries in the first six months of 2021 included the completion of Lupin’s tales, a preschool series commissioned by France Télévisions and co-produced by Youku (China) and RAI (Italy), as well as the two new brands in the Oggy and the Cockroaches franchise, namely Oggy Oggy (for France Télévisions) and Oggy Next Gen (for Gulli), which will be released worldwide on Netflix under the Netflix Original label.

The Group also delivered the first episodes of new proprietary series: Pfffirates for TF1 and Tangranimo for France Télévisions, as well as Athléticus 3 for ARTE and Chicky 2 and 3 for France Télévisions (both short format).