1 De Agostini Group Milan, month year
Dec 22, 2015
1
De Agostini Group
Milan, month year
2
1. The De Agostini Group
2. De Agostini Editore – Publishing business
Contents
De Agostini Group
Division
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1.1 The De Agostini Group
DE AGOSTINI GROUP IS AN INTERNATIONAL FAMILY-OWNED FINANCIAL CONGLOMERATE, ACTIVE IN DIVERSIFIED INDUSTRIAL SECTORS (PUBLISHING, GAMING, MEDIA & COMMUNICATION) AND IN FINANCIAL INVESTMENTS.
Division
Publishing Media&Communication Games&Services Finance
~2.4% Ass. Generali
GTECH (100%)
DeA Capital (58.3%)
Libri
Zodiak Media Group (89.155%)
ATRESMEDIA (20.9%)
Direct Marketing
Publishing
Digital
IGT
Italy
Americas
International
IDeA Capital Funds SGR
IDeA Fimit SGR (64.3%)
Innovation RE (96.3%)
(52.1%)
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1.2 De Agostini Editore
Present in 30 countries with publications in 13 languages
SALES CHANNELS:Newsstands, direct marketing, bookshops, e-commerce
TARGET: B2C and B2B
DE AGOSTINI PUBLISHING: collections, reference with digital content,
from hobby courses to educational and
edutainment products for children, from
products flow packs and trading cards to books, cards and video, up to products for the latest
digital device
DE AGOSTINI LIBRI: illustrated
works, books for children and teenagers, classics,
essays, school texts, dictionaries, atlases,
guidebooks, business to business market,
publishing promotion and commercial services
EDITIONS ATLAS
FRANCE/SUISSE:
Direct Marketing sector. Editorial and non-editorial products
directly at home of customers. Editions Atlas
also offers on line and distance training courses
DIGITAL DE AGOSTINI:
DeA Kids, DeA Junior and Explora pay Tv
channels , Super! free Tv channel, Sapere.it portal. Digital De
Agostini has the aim of developing and
managing original editorial properties on
digital platforms as part of kids, lifestyle and knowledge areas.
www.deagostini.it
Division
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1.3 De Agostini Editore
CREATIVE CENTERS AROUND THE WORLD:
ItalyDe Agostini Publishing Italia, De Agostini Libri, De Agostini Scuola, Utet, Edizioni White Star, Mutado
France Editions Atlas
Spain Editorial Planeta De Agostini
Germany De Agostini Deutschland
Greece De Agostini Hellas
Russia De Agostini LLC (Russia)
Japan De Agostini Japan
Division
USA De Agostini Publishing USA
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1.4 De Agostini Communications
THE SECTOR COMPRISES THE GROUP’S INTERESTS IN THE AREAS “CONTENT PRODUCTION”, “DISTRIBUTION” AND “BROADCASTING”
OF CONTENTS FOR TELEVISION, NEW MEDIA AND CINEMA
ATRESMEDIA is among the leading radio-television group in Spain and operates in the most important areas of communication: ATRESMEDIA TELEVISIÓN
(Antena 3, La Sexta, Neox, Nova, Mega ), ATRESMEDIA RADIO, ATRESMEDIA DIGITAL, ATRESMEDIA PUBLICIDAD
e ATRESMEDIA CINE
ZODIAK MEDIA is among the most creative in the world in the production and distribution of content for television and the new media. Zodiak Media operates in over 17 countries and controls
significant brands like Magnolia, Marathon Media, RDF Television, Yellow Bird, Mastiff, KM, Zodiak Active, Lucky Day Productions,
Jarowskij, Zodiak Vostok, Bullseye, Télé Images, Adventure Line Productions
Division
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1.5 IGT
Lottomatica, IGT’s company, since 1993 is concessionaire for the Italian Lotto game and the Instant and Traditional Lotteries
(Scratch & Win)
IGT is active in about 60 countries on six continents and the structure of the internal organization is divided into three
geographic areas: Italy, Americas and International
IGT, listed on the New York Stock Exchange, is the largest global player
in the lotteries, gaming and services sector
SUPPORTER OF THE ARTS, CULTURE, SOCIAL ACTIVITIES AND SPORT
GAMES:Gioco del Lotto, scratch & win and national lotteries, sports
events, video lotteries, betting, poker
SERVICES:Cell phone crediting, payment of
car license fees, TV licenses, tickets for events, processing,
prepaid debit cards
Division
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1.6 DeA Capital
DEA CAPITAL, listed on the Milan Stock Exchange, is De Agostini Group's vehicle for alternative investments. De Agostini S.p.A. is the controlling shareholder,
with a 58.3% stake. Portfolio targets: both direct investments (services sector, Europe), and indirect
investments (funds of private equity funds). DeA Capital is also active in Alternative Asset Management.
IDeA Fimit SGR is the italian leader in the Real estate asset management. DeA Capital controls the majority of the share capital and includes among its
partners some of the major Italian social security institutions (INPS, ENASARCO).
Innovation Real Estate, controlled by DeA Capital, is one of Italy’s leading operators in Real estate services.
IDeA Capital Funds SGR, 100% controlled by DeA Capital, operates in the Private Equity fund management business and is the largest independent Italian management company of private equity funds of funds and direct
investments through private equity direct funds with domestic and international exposure.
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1.7 Structure
De Agostini Communications
Zodiak Media: production and distribution of high quality content for television and new media.
ATRESMEDIA: leading radio-television group in Spain.
IGT
IGT is the largest player in the lotteries, gaming and services sector in the world.
Lottomatica, IGT‘s company, since 1993 is concessionaire for the Italian Lotto game and the Instant and Traditional Lotteries (Scratch & Win).
DeA Capital
Portfolio targets: both direct investments (services sector, Europe), and indirect investments (funds of private equity funds).DeA Capital is also active in Alternative Asset Management.
IDeA Fimit operates in the real estate asset management.
IDeA Capital Funds operates in private equity funds.
Innovation Real Estate operates in real estate services.
PUBLISHING MEDIA&COMMUNICATION
GAMES AND SERVICES FINANCIAL ACTIVITIES
De Agostini Editore
De Agostini Publishing: the company is active in the international Partworks and Direct Marketing.
De Agostini Libri: the company controls De Agostini Scuola, Edizioni White Star, Libromania.
Editions Atlas France/Suisse: Direct Marketing and distance training courses, mainly in French and German speaking countries.
Digital De Agostini: the division operates in sat. tv and DTT, on line and digital sectors.
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1.8.1 The Group’s History
The Istituto Geografico De
Agostini is founded in Rome by
geographer Giovanni De
Agostini
Establishment of the new Istituto
Geografico De Agostini S.p.A., its activities
focused on the sector of books and cartography
The Istituto is relocated to Novara
The group’s publishing activities
reach very high levels
of expansion
Public offer for Lottomatica
S.p.A. perfected,
acquisition of UTET
The first “Calendario Atlante
De Agostini” is
released
The entire company is acquired by the Boroli
family
The partners entrust
direction of the group to Marco Drago
De Agostini participates
in the privatization
of SEAT
De Agostini celebrates
100 years of activity
Acquisition of Toro
Assicurazioni and a stake in
Antena 3 Television
The sub-holding De Agostini Editore
S.p.A. is created, this controlling publishing activities. In July, De
Agostini Scuola S.p.A. is established
1901
2005
1908 2002
1904 1946
1985-1996
1997
1998
2001 2003
2004
Division
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1.8.2 The Group’s History
Acquisition of GTECH Holdings Corporation and
sale of controlling
interest in Toro Assicurazioni.
The De Agostini Group acquires the 2,5% stake in Assicurazioni
Generali
2006
2007
Acquisition of Magnolia and Marathon Group.
IDeA Alternative Investments is
established (from 2008 the company enters into
DeA Capital)
After the acquisition of svedish Zodiak
Television, in November launch of Zodiak
Entertainment. Launch of Digital De Agostini
(television, on line, new platforms)
2008
2010
Lottomatica wins for 9 years the “Scratch&Win”. Zodiak Entertainment acquires RDF, company active in the
sector of media content, and rebrands into Zodiak Media. Reorganization of De Agostini Editore in three business units:
De Agostini Partworks, De Agostini Direct Marketing, De
Agostini Culture
De Agostini Editore reorganises its
activities with the creation of two new
companies, De Agostini Libri and De Agostini
Publishing, in addition to Atlas Editions France - Suisse and the division
Digital De Agostini).The process to merge
First Atlantic Real Estate SGR into FIMIT –
Fondi Immobiliari Italiani SGR was
completed: the latter changed its name to
IDeA FIMIT SGR
2011
2012
Antena 3 and La Sexta merge. De Agostini Publishing S.p.A.
acquires 100% of Mutado, Creative Digital Agency. In
March was founded Libromania S.r.l. from the partnership between De
Agostini Libri and Newton Compton. De Agostini Editore
launches the new “network kids” of TV channels: DeAKids,
DeAJunior, Super! and DeASapere
Division
De Agostini Editore Group completes the disposal of the entire
stake held by De Agostini Libri in Utet
S.p.A. and, specifically, of the General
Reference and high-end publishing. An 80%
stake has been sold to FMR Art'è S.p.A. De
Agostini Libri continues to manage the Classics and Essays division of
Utet’s publishing business.
2013
2014
GTech announces that it has entered into a definitive merger agreement with
International Game Technology, a global leader in casino and social gaming
entertainment, headquartered in Las Vegas. Santé SA, 43% owned by DeA Capital, finalised the sale of its
majority stake in Générale de Santé to Ramsay Health
Care.
On April 7, 2015, GTECH S.p.A. achieves the
cross-border merger in Game Technology PLC. On the same day the
new company IGT debuts on the New York
Stock Exchange, becoming world leader in the gaming industry.In January, along with BC Partners and other
shareholders, DeA Capital sells half of its own shares in Migros.
2015
12
1.9 De Agostini S.p.A. - Financials
(1.509)31/12/07
(1.509)
De Agostini Group financials: recent evolution.
Division
€ mln 2013 2012 2011 2010 2009
Revenues 4.906 5.097 5.070 4.317 4.154
EBITDA 1.155 1.151 1.124 876 801
EBITDA margin 23,5% 22,6% 22,2% 20,3% 19,3%
Recurring EBIT 637 607 556 428 355
Non recurring items, result from financial investments -198 -167 -214 -632 -300
Net financial charges -195 -178 -184 -242 -203
EBT 244 266 158 -446 -148
Consolidated net profit 91 134 86 -551 -215
Group net profit 24 24 2 -560 -273
Shareholders' Equity 4.015 4.078 4.139 3.618 3.294
Shareholders' Equity attributable to parent company 2.427 2.443 2.501 2.169 2.311
Net Financial Position -4.011 -4.124 -4.296 -4.585 -4.154
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2.1 De Agostini Editore S.p.A.
De Agostini Editore S.p.A., 100% owned by De Agostini S.p.A., is an Italian multinational company leader in creating content, products and services; it
operates in 30 countries and publishes in 13 languages . De Agostini Editore is responsible for the co-ordination and strategic management of all the Group’s
operating companies in the publishing sector in Italy and throughout the world. The company controls: De Agostini Publishing, a worldwide leader in Partworks business, with a production that ranges from sample collections to reference
with digital content, from hobby courses to educational and edutainment products for children, from products flow packs to trading cards; De Agostini
Libri that manages the publishing activities in Italian market, focusing on design and production of books and scholarly publishing and on the sectors of
publishing promotion and commercial services; Editions Atlas France and Editions Atlas Suisse which operate Direct Marketing business, bringing
deliveries directly to customers’ home; Digital De Agostini, a division created to strengthen and develop the presence of De Agostini on digital platforms (sat.
Tv and DTT, on line, mobile).Division
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2.2 De Agostini Editore Around the World
Argentina
Australia
Belgium
Brazil
Canada
Chile
China
Colombia
Cyprus
Czech RepublicDenmark
Ecuador
England
Finland
France
Germany
Greece
Holland
Hungary
Japan
Mexico
New Zealand
Norway
Poland
Portugal
Russia
Slovakia
Spain
Sweden
Switzerland
Uruguay
Venezuela
Italy(Novara, Milan, Turin)
Division
Ufficio emittente15
2.3 De Agostini Editore’s brands
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2.4 DE AGOSTINI PUBLISHING
Sales channel: NEWSSTANDS, INTERNET
8 fully owned subsidiaries (London, Hamburg, Warsaw, Athens, Moscow, Kiev, Tokyo, New York) in 46 countries
48% GLOBAL MARKET SHARE
Recent launches:
Division
Costruisci il tuo ROBI
GLI ANIMALI DELLA PREISTORIA
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2.5 DIRECT MARKETING – EDITIONS ATLAS FRANCE/SUISSE / UK
Sales channel: POST, INTERNET
Present all over the world
Creative centers: FRANCE, SWITZERLAND, UK
Recent successes:
Division
STIPS THE TALKING PEN:A collection of interactive
books for children
ROYAL SPLENDOUR DOLLSA collection of porcelain dolls
of European royals through the ages
Ufficio emittente18
Companies: DE AGOSTINI LIBRI, WHITE STAR, LIBROMANIA
BOOKSChildren, Illustrated,
Classics, Essays
Recent successes:
CARTOGRAPHYAtlases, maps, special
projects
2.6 DE AGOSTINI LIBRI – Books and Cartography
Ufficio emittente 19
2.7 DE AGOSTINI LIBRI - School
Company: DE AGOSTINI SCUOLA
Target: SCHOOL OF ALL KINDS – UNIVERSITY
Subjects: ALL
Marchi: Black Cat, Cedam Scuola, Cideb, Città Studi Edizioni, De Agostini, Garzanti Linguistica, Garzanti Scuola, Ghisetti e Corvi, Isedi,
Liviana, Marietti Scuola, Petrini, Theorema, Utet Università, Valmartina
Recent successes:
DIGIMAT+ (Mathematics)
GAME ON! (English)
JEU DE MOTS, (French)
ESPAÑOL,¡ QUÉ DIVERTIDO! (Spanish)
New Products 2014 for secondary school - I level
LA MATEMATICA A COLORI (Mathematics)
GEOSTART (Geography)
AVENIR (French Literature)
New Products 2014 for secondary school – II level
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2.8 DIGITAL DE AGOSTINI
Company: DE AGOSTINI EDITORE
Target: CHILDREN, YOUNG MEN, GROWN-UP PEOPLEObjectives: TO DEVELOP DE AGOSTINI'S PRESENCE ON DIGITAL
PLATFORMS SUCH AS SAT. TV AND DTT, INTERNET AND NEW MEDIA, BY IDENTIFYING FORMS OF COMMUNICATION THAT ENABLE DE
AGOSTINI TO EXPAND ITS MARKET
Launches:
Brands: DEAKIDS, DEAJUNIOR, SUPER!, EXPLORA AND DEABYDAY
Division
WEB MAGAZINEDEABYDAY (
www.deabyday.tv): practical guide about
“how to do” of daily life
INTERNET
PORTALS
DeA learning: on-line language courses
DeAKids, DeAJunior, Super! and Explora - Thematic channels for kids
and teenagers on Sky and DTT
NETWORK KIDS
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2.9 De Agostini Editore - Financials
Division
Euro Million 2013 % 2012 % ChangeRevenues 1.123
100,0%1.252
100,0%-10,3%
EBITDA 433,8%
473,8%
-8,5%
EBT 111,0%
161,3%
-31,3%
Group Net profit (loss) (2)-0,2%
00,0%
n.a.
31.12.2013 31.12.2012 ChangeNet invested capital 338 352 (14)
Net financial position (137) (147) 10
Total Shareholders' Equity 201
205
(4)
Euro Million 2013 % 2012 % ChangePartworks 630
56,1%747
59,7% -15,6%Direct Marketing 353
31,5%372
29,7% -5,0%Books 86
7,6%91
7,3% -5,9%Professional and training 31
2,8%32
2,6% -1,9%Digital 21
1,9%12
1,0% 74,2%Other 2
0,2%(2)
-0,2% n.a.
Total revenues 1.123 100,0% 1.252 100,0% -10,3%