Xilam Announces its SCALE 2023 Growth Plan
20 Fevereiro 2020 - 4:00AM
Business Wire
Cumulative operating income target 2020-2021:
€78 million
Cumulative operating income target 2022-2023:
€110 million
Regulatory News:
Xilam Animation (Paris:XIL) (ISIN code: FR0004034072,
ticker symbol: XIL), an independent company producing and
distributing animation programmes, has announced its new financial
objectives.
Given the range of production models currently being developed
at Xilam, the group will henceforth provide guidance in terms of
revenues rather than annual delivery volumes. In order to more
clearly express aspects of its business model specific to the
industry and accurately measure the Group’s performance, Xilam will
be conducting revenue forecasts covering two-year cycles.
The company is targeting cumulative operating income of €78
million for the financial years 2020-2021 and €110 million for the
financial years 2022-2023. These goals will smooth out seasonal
variations, as well as cut-off effects, and better fit the natural
cycle of production (approximately 2 years) and the catalogue sales
cycle (3-4 years). These goals are supported by a booming order
book whose growth is directly correlated to the powerful dynamics
of the streaming market and Xilam’s unique positioning. They also
include the French audiovisual tax credit (CIA) and are calculated
on the basis of the current company size (excluding M&A and
merchandising), with the integration of Cube Creative.
Xilam operating income has achieved a CAGR of 28% since 2015 and
the company intends to continue its strong growth momentum. To
achieve these objectives, Xilam has adopted a clear strategic
roadmap around four pillars of growth, which has already begun to
bear fruit:
Growth of the historical activity of production of children’s
animations by:
- developing the volume and power of new brands, the result of
ongoing research and development work;
- renewing Xilam’s major brands with a constant effort to
modernise them;
- capitalising on unique expertise, particularly in the area of
slapstick, capable of addressing a global market;
- proactively addressing the preschool segment in which Xilam has
already established its expertise;
- broadening and diversifying the company’s catalogue of
programmes, preparing tomorrow via today’s new productions;
- capitalising on the efficient organisation of the studios and
continuing to develop production capacities with an optimised
distribution between Paris, the provinces and Asia;
- strengthening the recruitment and management of the best
talents with an ambitious HR policy;
- integrating Cube Creative’s teams, technologies and productions
while supporting the transformation of its model towards
proprietary production thanks to Xilam’s editorial and commercial
expertise.
Expansion of productions aimed at a high-potential adult
audience by:
- capitalising on the high visibility and worldwide recognition
acquired through the success of the film I lost my body;
- drawing on the progressive decentralisation (outside the US) of
orders from streaming platforms looking for innovative programmes
aimed at their core target group: 15-35 year olds;
- multiplying formats (series, mini-series, feature films);
- seeking an “ultra-premium” positioning, likely to attract
higher budgets and subject to less competition.
Development of non-proprietary services by:
- capitalising on unique editorial expertise, in partnership with
powerful clients, notably the American majors (e.g. Chip 'n' Dale)
which have high budgets that generate high margins;
- capitalising on Cube Creative’s know-how in high-end CGI
services.
Development of B-to-C activities by:
- stepping up direct activity on YouTube and other AVOD platforms
to boost direct advertising revenues linked to their strong growth
potential;
- developing direct editing of AVOD channels in high-potential
markets such as China and India;
- accelerating the revenue potential from the licensing
activity.
About Xilam
A major player in animation, 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, NBC
Universal, etc.) and ADVoD streaming platforms (YouTube, Facebook,
etc.). With its creativity and capacity for innovation recognised
worldwide, and editorial and commercial expertise at the cutting
edge of its industry, Xilam is positioned as a key player in a
fast-growing market. Each year, Xilam builds real successes and
capitalises on powerful historical brands (Oggy and the
Cockroaches, Zig & Sharko, etc.) as well as new ones
(Oggy Oggy for preschoolers, Moka, Mr.
Magoo, and Oscar nominee I lost my body, etc.), which establish and
expand a strong catalogue of over 2,200 episodes and 3 feature
films. In 2019, Xilam acquired Cube Creative, a studio providing it
with unique expertise in 3D and computer generated images. Xilam
employs more than 500 individuals, including 400 artists, across
its studios in Paris, Lyon, Angoulême and Ho Chi Minh in Vietnam.
Xilam is listed on Euronext Paris Compartment B – Eligible to PEA –
SRD long.
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Marc du Pontavice – Chairman and CEO Fabrice Cantou – Chief
Financial & Strategy Officer Tel: 01 40 18 72 00 SHAN Agency -
Alexandre Daudin (Media Relations) / Florent Alba (Investor
Relations) Tel.: 01 44 50 51 76 / 01 44 50 51 71
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