JCDecaux announces Full-Year 2022 revenue

Highlights

• 2022 adjusted revenue up +20.8% to €3,316.5 million
• 2022 adjusted organic revenue up +16.6%
• Q4 2022 adjusted revenue up +8.1% to €1,033.3 million
• Q4 2022 adjusted organic revenue up +5.1%

Commenting on the Group’s 2022 revenue performance, Jean-Charles Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux, said, “Our 2022 Group revenue grew by +20.8%, +16.6% on an organic basis, to reach €3,316.5 million driven by a strong digital revenue growth and a continued strong trading momentum. Q4 was better than expected at +5.1% on an organic basis, and +8.1% on a reported basis, with revenue reaching

€1,033.3 million. Our organic revenue growth outside China was +24,1% for the full-year 2022 and +9,6% for Q4.

Digital Out-Of-Home (DOOH) grew by +19.5% in Q4 2022, +15.6% on an organic basis and by +41.1% in full-year 2022, +35.2% on an organic basis, to reach a record of 34.7% of Group revenue in Q4 and 31.4% of Group revenue in full-year 2022, while analogue advertising revenue grew double-digit organically in 2022. We maintained our focus on the selective roll-out of digital screens in premium locations, as well as on the development of our data capabilities.

Programmatic advertising revenues through the VIOOH SSP (supply-side platform), which constitute mostly incremental revenue from innovative, dynamic data-driven campaigns and new advertisers, doubled in 2022 to reach €61.3 million, i.e. 5.9% of our digital revenue in full-year 2022 as the DOOH programmatic ecosystem continued to gain traction, with the dynamism of the 39 DSPs (demand- side platforms) connected to VIOOH (the most connected SSP of the OOH media industry), including Displayce following our strategic alliance announced in July 2022, a DSP connected to more than 700k screens in 53 countries.

Street Furniture grew by +4.8% organically in Q4 2022 with total revenue above Q4 2019 revenue including strong growth in North America, Rest of the World and Asia-Pacific, excluding China. Billboard grew significantly as well at +6.0% on an organic basis in Q4 2022, now mid-single digit below 2019 revenue levels, driven by a very strong Australian billboard business which is already double digit above 2019. Transport grew by +5.1% organically in Q4 2022, reflecting the continued recovery of air travel in most regions of the world, including Rest of the World which was already above 2019, but in China Q4 2022 was one of the lowest quarters for mobility since the beginning of the pandemic.

All geographies grew positively organically in Q4 2022. Asia-Pacific excluding China grew by +44.1% on an organic basis. France, the Rest of Europe, the Rest of the World and North America, excluding the non-renewal of the New-York Airports contract were in Q4 2022 already above Q4 2019 revenue levels.

We will provide a revenue guidance for Q1 2023 when we release our full-year 2022 results on March 9th, 2023.

As the most digitised global OOH media company, with our new data-led audience targeting and programmatic solutions, our well diversified portfolio, our ability to win new contracts, the strength of our balance sheet, the high quality of our teams across the world and our recognised ESG excellence, we believe we are well positioned to benefit from the rebound. We are more than ever confident in the power of our media in an advertising landscape increasingly fragmented and more and more digital and in the role it will play to drive economic growth as well as positive changes.”

2022 adjusted revenue increased by +20.8% to €3,316.5 million compared to €2,744.6 million in 2021. Excluding the positive impact from foreign exchange variations and from changes in perimeter, adjusted organic revenue increased by +16.6%. Adjusted organic advertising revenue, excluding revenue related to sale, rental and maintenance of street furniture and advertising displays, increased by +18.4% in 2022.

Adjusted revenue of the fourth quarter of 2022 increased by +8.1% to €1,033.3 million compared to €955.8 million in the fourth quarter of 2021. Excluding the positive impact from foreign exchange variations and from changes in perimeter, adjusted organic revenue increased by +5.1%. Adjusted organic advertising revenue, excluding revenue related to sale, rental and maintenance of street furniture and advertising displays, increased by +5.1% in Q4 2022.

By activity:

(a) Excluding acquisitions/divestitures and the impact of foreign exchange

1. Excluding acquisitions/divestitures and the impact of foreign exchange

By geographic area:

1. Excluding acquisitions/divestitures and the impact of foreign exchange
2. Excluding France and the United Kingdom