Groupe Partouche: Sustained business growth for 1st half-year 2023 / Increased turnover 15.2 % at € 215.6 M

Sustained business growth for 1^st half-year 2023
Increased turnover +15.2 % at € 215.6 M

Paris, 13^th June 2023, 06:00 p.m. – Groupe Partouche, a European leader in gaming, publishes today its consolidated turnover for the 2^nd quarter 2023 (February 2023 – April 2023) as well as its consolidated turnover for the first half-year (November 2022 – April 2023).

It should be recalled, as a preamble, that during the first half of the previous financial year (February to April 2022), attendance at the Group's casinos was still suffering from the effects of the "vaccination pass" until its lifting on 14^th March 2022 in France and on 17^th February 2022 in Switzerland. Moreover, the first half of 2023 takes into account the scope effects especially related to:

• In Switzerland, the disposal on 31^st January 2022 of the stake held in the Crans-Montana casino;
• In Belgium, the entry into the Group of the Middelkerke casino (Belgium) on 1^st July 2022 with an opening on 8^th July 2022 after some refurbishments works.

Solid growth for 2^nd quarter

After a very good 1^st quarter 2023, the Gross Gaming Revenue (GGR) records a solid growth in the 2^nd quarter 2023 up +14.1% driven by all forms of games and stood at € 169.1 M, compared to € 148. €2 M a year earlier.

In France, the GGR, which benefits from an 18.0% increase in attendance, rises by +13.7% to € 152.1 M. The GGR of slot machines posts a very satisfactory increase of +10.0% (to € 121.5 M) and that of electronic forms of traditional games, an increase of +26.8% (to € 18.2 M).

Abroad, the GGR was up +18.1% compared to the 2^nd quarter of 2022, at € 17.0 M. The Swiss online games continue to gain momentum (+24.3% over one year).

After levies, the Net Gaming Revenue (NGR) increases by +11.9 % at € 79.3 M, compared to € 70.8 M a year earlier. Business excluding gaming totals a turnover of € 20.9 M (+12.1 %).

Globally, the turnover of the 2^nd quarter 2023 totals € 99.2 M, compared to € 89.1 M€ in 2022 (+11,4%).

Increased turnover in 1^st half-year 2023 + 15.2 % at € 215.6 M

At the end of April, the 6 months aggregate turnover stands at € 215.6 M compared to € 187.2 M in 2022 (+15.,2%) and the NGR reaches € 176.0 M (+14.8%) thus confirming the renewed dynamism of the activity since the end of the Covid health crisis

Upcoming events:

Income 1^st quarter: Tuesday 27^th June, after stock market closure

Financial information 3^rd quarter: Tuesday 12^th September 2023, after stock market closure

Groupe Partouche was established in 1973 and has grown to become one of the market leaders in Europe in its business sector. Listed on the stock exchange, it operates casinos, a gaming club, hotels, restaurants, spas and golf courses. The Group operates 41 casinos and employs nearly 3,900 people. It is well known for innovating and testing the games of tomorrow, which allows it to be confident about its future, while aiming to strengthen its leading position and continue to enhance its profitability. Groupe Partouche was floated on the stock exchange in 1995, and is listed on Euronext Paris, Compartment B. ISIN : FR0012612646 - Reuters PARP.PA - Bloomberg : PARP:FP Reuters : PARP.PA - Bloomberg : PARP:FP

ANNEX

1- Consolidated turnover

In €M	2023	2022	Variation
1st quarter	116.4	98.1	+18.6%
2nd quarter	99.2	89.1	+11.4%
Total consolidated turnover	215.6	187.2	+15.2%

2- Construction of the consolidated turnover

2.1 – 2^nd quarter

In €M	2023	2022	Variation
Gross gaming revenue (GGR)	169.1	148.2	+14.1%
levies	-89.8	-77.4	+16.1%
Net gaming revenue (NGR)	79.3	70.8	+11.9%
Turnover excluding NGR	20.9	18.7	+12.1%
Fidelity programme	-1.0	-0.5	x2.2
Total consolidated turnover	99.2	89.1	+11.4%

2.2 – Aggregate 6 months

In €M	2023	2022	Variation
Gross gaming revenue (GGR)	341.0	290.0	+17.6%
Levies	-165.0	-136.6	+20.7%
Net gaming revenue (NGR)	176.0	153.4	+14.8%
Turnover excluding NGR	41.4	35.2	+17.5%
Fidelity programme	-1.8	-1.4	+31.5%
Total consolidated turnover	215.6	187.2	+15.2%

3- Breakdown of consolidated turnover by activity

3.1 – 2^nd quarter

In €M	2023	2022	Variation
Casinos	91.0	81.6	+11.5%
Hotels	5.7	5.1	+10.9%
Other	2.6	2.4	+8.7%
Total consolidated turnover	99.2	89.1	+11.4%

3.2 – Aggregate 6 months

In €M	2023	2022	Variation
Casinos	199.9	173.5	+15.2%
Hotels	10.9	9.0	+20.9%
Other	4.9	4.7	+3.1%
Total consolidated turnover	215.6	187.2	+15.2%

4- Glossary

The "Gross Gaming Revenue" corresponds to the sum of the various operated games, after deduction of the payment of the winnings to the players. This amount is debited of the "levies" (i.e. tax to the State, the city halls, CSG, CRDS).

The «Gross Gaming Revenue» after deduction of the levies, becomes the "Net Gaming Revenue ", a component of the turnover.

Attachment

• Turnover - Q2 2023