SIRIUS MEDIA Announces 124% Increase in Turnover for First Half of 2023 and Confirms Change of Dimension and Strategy

Press release

Paris, September 28, 2023 at 6 p.m.

TURNOVER OF 1

^IS

SEMESTER 2023 OF €14.2 M: + 124%

CHANGE OF DIMENSION AND STRATEGY CONFIRMED

1. All subsidies (productions and catalog)
   

2. Estimated Audiovisual Tax Credit
   

SIRIUS MEDIA

(formerly Metadvertise) had a very good first half, driven by the integration of the Triple A/PM SA group, and totaled a turnover of €14.2 million compared to €6.4 million last year, i.e. an increase of 124%. This half-year turnover includes €84,000 from the consulting contract with Azerion and above all the turnover for the financial year from its subsidiary Triple A/PM SA for €14.2 million, including the first revenues from the film. animation “Urban Jungle”, produced in partnership with sculptor Richard Orlinski. This increase in turnover should be accompanied by a significant improvement in SIRIUS MEDIA’s profitability ratios.

This first half marks the change in dimension of the Group, materialized by its new name approved by the General Meeting of June 29. SIRIUS MEDIA is embarking on a new development trajectory in the field of audiovisual production. Over the period, PM SA strengthened its distribution agreements for its animated film “Lendarys”, co-produced with the Canadian company Caramel Films (producer of the blockbuster “Ballerina”), and signed new contracts allowing it to expand the distribution of his film to around fifteen new countries. Thus, “Lendarys” will be distributed upon its release in more than 25 countries around the world. The Group is currently working on the launch strategy for its film in order to guarantee it the widest and most optimal theatrical distribution possible, similar to what major animated film productions such as Disney can do.

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The turnover for the first half of 2023 is in line with our expectations and demonstrates our ability to create value for our shareholders. Profitability ratios should be higher than our expectations due to extensive restructuring and cost optimization work carried out by our teams. We confirm the marketing launch of Lendarys on 4

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quarter 2023 and its worldwide theatrical release in early 2024. The growing interest in SIRIUS MEDIA demonstrates the relevance of our positioning and our new strategy. The upcoming launch of Lendarys and the continuation of our acquisition strategy should confirm this trend.

» declares Paul Amsellem, President of SIRIUS MEDIA.

The Group benefits from solid assets, a healthy financial situation and a clear roadmap with the theatrical release of 3 animated films by 2026. It reminds that there is no method of financing dilutive, of the type of bonds convertible into shares with share subscription warrants (OCABSA), and that it does not intend to use the latter to finance its developments.

Benefiting from a solid portfolio of animated films, the Group is now positioned in a growing market, driven by sustained demand from terrestrial channels and streaming platforms looking for content. Building on this successful repositioning, the Group will continue its structuring and make targeted acquisitions in order to become a major player in European audiovisual.

About SIRIUS MEDIA (ex-Metadvertise)

SIRIUS MEDIA is a group specializing in audiovisual production (feature films, animated films, TV series, advertisements, etc.). In December 2022, the Group acquired one of the French leaders in the sector, the Triple A/PM SA group, which collaborates with the largest broadcasters (Canal+ Groupe, Lagardère, the TF1 Group, France Télévisions, Orange, M6 Group, TV5 Monde and Netflix). With more than 25 years of experience in audiovisual production and a catalog of more than 600 hours of content, SIRIUS MEDIA aims to ultimately become a major player in the media and entertainment industry in France and in Europe.

SIRIUS MEDIA is listed on Euronext Growth Paris (FR0010812230 – ALSRS) and eligible for PEA-PME.

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