Strong increase of sales: +25% New productions
and developments: +44% Strong growth in servicing, with high-value
productions for major platforms New adult segment accounting for
40% of sales A first half confirming the success of the Group's
strategic objectives Total operating revenue above €20 million
Regulatory News:
Xilam Animation (Paris:XIL), Academy Award®-nominated
French animation studio, announces its revenues for the first half
of the 2023 financial year, drawn up on 30 June 2023.
Marc du Pontavice, Chairman and CEO of Xilam, comments: "The
first half of the year, with a very sharp rise in new productions
sales, reflects Xilam's strong recognition by international
platforms, with emblematic, high-value servicing, particularly in
the teen-adult segment. As the undisputed French leader in the
animation market, Xilam has all the assets needed to keep up with
the sector's growth over the coming years.”
(‘000 euros)
30.06.2023 (1)
30.06.2022
% variation
Sales of new productions and
developments
13,954
9,696
+44%
Sales of catalogue
3,709
4,467
-17%
Total sales (2)
17,663
14,163
+25%
Grants (3)
2,317
3,483
-33%
Total sales and grants
19,980
17,646
+13%
Other current operating revenue (including
ATC (4))
619
1,603
ns
Total operating revenue
20,599
19,249
+7%
(1) Unaudited data (2) Sales only, excluding grants (3) Total
grants (new productions and catalogue) (4) Estimated Audiovisual
Tax Credit (ATC)
Very good performance from new productions and development in
the first half of 2023
Sales of new productions and development amounted to €13.9
million, up sharply (+44%) in the first half of 2023, with a 55%
increase of the Xilam scope alone, illustrating continued strong
growth in sales to platforms, driven by the new teen-adult segment
and servicing. This growth is mainly driven by an increase in
value. These figures illustrate Xilam's winning strategy of
diversifying its offer to all audiences (from pre-schoolers to
families and young adults) and all genres (comedy, horror,
action-adventure), while at the same time taking an early lead in
the market driven by major platforms.
Cube Créative's contribution was down due to an order book still
being rebuilt.
Catalog sales amounted to €3.7 million. Considering an
unfavourable base effect (+78% in H1 2022), they are down by 17%,
but remain 49% higher than in H1 2021.
Total sales, excluding grants, rose by 25% to €17.7 million.
International sales amounted to 86%, with streaming platforms
accounting for 75%. Teen-adult production represented a very high
proportion of sales (40%), reflecting the Group's successful
positioning in this promising segment. As announced, the proportion
of servicing will be particularly high in 2023 and 2024, given the
new contracts signed. In the medium term, however, the Group is
aiming for a more balanced split between its proprietary production
and servicing.
Subsidies fell by 35% to €2.3m, reflecting the switch from
proprietary production in favour of servicing. For the same
reasons, the audiovisual tax credit fell by 38% to €0,6
million.
Total operating revenue exceeds the €20 million mark, up
+7%.
A high level of production activities
During the first half, Xilam worked on 10 series in production,
including:
- 5 proprietary productions: the 4th season of Zig and Sharko,
the 2nd season of Magoo, the 4th season of Athleticus, the 2nd
season of Lupin's Tales and the 1st season of Potobot, an
ecological comedy for children.
- 5 in servicing: 2 for Netflix, Twilight of the Gods, an epic
genre for a young adult audience, and The Seven Bears, a 3D series
for a family audience (Folivari production); 2 for Disney+, The
Doomies, an horror comedy genre for a teen audience, and the 2nd
season of Chip'n Dale (Tic et Tac), for a family audience; 1 for
France télévisions My life in Versailles for a family audience
(Films Grand Huit production).
The production of Twilight of the Gods is particularly
illustrative of Xilam's success with major platforms. This series,
directed by the emblematic Zack Snyder, is designed for young
adults, with a very high quality of production and a budget per
episode well above average.
As a result, the Group intends to pursue its strategy of
upgrading and diversifying its offering.
Acceleration of the CSR roadmap
On the back of the Annecy International Animation Film Festival,
the CNC (Centre National du Cinéma) presented a report on the
trends of the French animation market and its players, that
emphasizes that Xilam group is by far the first animation studio
for the 2018-2022 period with a total of 180 hours of created
content (excluding servicing).
The Group also launched the Metamorphose ambitious project,
which was awarded at « La Grande Fabrique de l’image » project
competition as part of the France 2030 plan. This project will
enable Xilam to boost its CSR roadmap, including an investment of
€2.5 million over the period 2023-2024 for the environmentally
friendly transformation of its IT infrastructure and production
activities.
In concrete terms, Xilam has started to replace its servers with
higher-performance, energy-efficient ones. The group is also
investing in new data storage solutions whose technology not only
optimizes flows and secures the production of its series, but also
significantly reduces energy consumption. Finally, it is upgrading
its IT processes by adopting more effective and less
energy-consuming software development practices. This policy,
designed to promote new eco-friendly practices, has been introduced
throughout the Group. By the end of 2023, Xilam will publish
figures to measure this green transformation of its IT
infrastructure and production activities.
Xilam has thus equipped itself with the resources necessary for
sustainable growth, in line with the objectives of its Ambition
2026 plan, which aims to generate total operating revenue of €80
million by this date.
Agenda
Publication of H1-2023 results: 28 September 2023 (after market
closing)
About Xilam As a major player in the animation industry, Xilam
is an integrated studio founded in 1999 that creates, produces and
distributes original programmes in more than 190 countries for
children and adults, broadcast on television and on SVoD (Netflix,
Disney+, Amazon, etc.) and AVoD (YouTube, Facebook, etc.)
platforms. With a global reputation for creativity and its capacity
for innovation, an editorial and commercial expertise at the
forefront of its industry, Xilam is positioned as a key player in a
fast-growing market. Each year, Xilam, builds on its real successes
and capitalises on powerful historical brands (Oggy and the
Cockroaches, Zig & Sharko, Chicky, etc.) and new brands (Oggy
Oggy in the pre-school sector, Mr. Magoo, Karate Sheep, etc.) which
are consolidating and expanding a significant catalogue of more the
2,700 episodes and 3 feature films including the Oscar-nominated I
Lost My Body. Xilam has unique GCI skills. Xilam employs more than
600 people, including 400 artists, across its studios in Paris,
Lyon, Angoulême and Hô-Chi-Minh in Vietnam and has been ranked
first French animation studio for the 2018-2022 period by a CNC
report. Xilam is listed on Euronext Paris Compartment B - PEA - SRD
long Eligibility. ISIN : FR0004034072, Mnemo : XIL
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230718614919/en/
Marc du Pontavice – Chairman and CEO Cécile Haimet - CFO Phone:
+33 1 40 18 72 00 Image Sept Agency xilam@image7.fr Karine Allouis
(Media Relations) – Phone +33 1 53 70 74 81 Laurent Poinsot
(Investor Relations) – Phone +33 1 53 70 74 77
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