An Ebiquity company Interim Presentation Six months ended 31 October 2010 January 2011.

Slides:



Advertisements
Similar presentations
Half Year Presentation 7 February This presentation relates to the Freightways Limited NZX announcement and media release of 7 February As.
Advertisements

Interim Results Chief Financial Officer David Grigson 23 July 2002 Financial Highlights.
2013 Results 1 Positioned for further growth 2013 Results 27 February 2014.
The name the world builds on 1 Interim Management Statement for the nine months ended 30 April May 2008 This presentation contains certain forward-looking.
1. 2 WELCOME 3 Table of contents  Welcome  Salient features  Sustainability achievements  Financial review  Strategy ›Short-term challenges and.
Financial Management F OR A S MALL B USINESS. FINANCIAL MANAGEMENT 2 Welcome 1. Agenda 2. Ground Rules 3. Introductions.
An Ebiquity company Interim Presentation Six months ended 31 October 2009 … another period of significant progress.
FINAL RESULTS FOR THE YEAR ENDING 31 DECEMBER 2012 MARCH 2013.
Towergate Insurance 2012 Annual.
Return of Value 2007 Update on current trading and prospects and proposed Return of Value to Shareholders 14 March 2007.
McBride plc : Interim Results 9 February 2006.
1 Republic of Macedonia-ESM EVN Income statement For the year ended 31 December _____ Note Current year Previous year Revenues Electricity revenues Other.
BUSINESS WITH CONFIDENCE icaew.com Clive Lewis, Head of Enterprise SME Access to Finance Introduction.
Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Statement of Cash Flows Chapter 13.
Adapted from Smith and Kihlstrom (1999) Integration of Financial Statements: From Smith and Kihlstrom (1999 ) Assumptions Ending Balance Sheet Cash Flow.
An Ebiquity company Interim Presentation Six Months to October 2008.
Income Statements. Income Statement One of four financial statements issued by a business Reports the amount a company has earned between 2 balance sheet.
1 SAI Global Limited ABN: Half-Year Results Presentation Half-Year Ended 31 December 2006 ASX Code: SAI APPLIED INFORMATION SERVICES “SAI.
Presentation to Carillion The Equipment Rental Specialists 9 th June 2010 The Equipment Rental Specialists Vp plc Final Results for the year ended 31 March.
1 education, leisure and activity travel group education, leisure and activity travel group.
Module 2: Introducing Financial Statements and Transaction Analysis
1 Full Year Results Presentation Full Year Ended 30 June 2006 ASX Code: SAI Thinking Business SAI Global Limited ABN:
McGraw-Hill/Irwin ©2008 The McGraw-Hill Companies, All Rights Reserved Chapter Seventeen Lending to Business Firms and Pricing Business Loans.
Preliminary Results for the year ended 31 st December th March 2008 Delivering sustainable growth.
Measuring Financial Performance 1 ENTREPRENEURIAL FINANCE.
An Ebiquity company Final Results Presentation Year ended 30 April 2012 July
Interim Results David Grigson Finance Director 27 July 2004 Financial Highlights.
© 2009 South-Western, a division of Cengage Learning 1 Chapter 9: FINANCE Using Funds To Maximize Value.
2015 Interim Results 1. Executive Summary 2015 Interim results/cash flows Business Review Packaging Distribution Manufacturing Operations Pension Scheme.
SUPPLEMENTARY  Instinet UK GAAP  Reuters Group cash flow  UK GAAP reconciliations This supplementary section provides: 1.Instinet’s Profit & Loss Account.
Com 4FK3 Financial Statement Analysis Week 2, 2012 Cash Flow Analysis.
Financials Start up Cost Source of Funds EquityLoans $20K$25K $45K Operational costs Fixed$43,085$113,700$281,840 Variable$29,570$163,220$460,975.
Analyzing Financial Statements For Investing and Credit Decisions.
Role of Financial Management Objectives Liquidity Profitability Efficiency Growth Return on Investment Strategic role To provide and manage the financial.
Financial Accounting 1 Lecture – 41 Profit and Loss Account Shows profit earned or loss sustained from the operations of the business during the period.
July 31, 2003 Interim report January-June 2003 Anders Igel President and CEO.
365 hf. Investors Presentation Second Quarter 2007.
Lavendon Group plc 2006 Preliminary Results Presentation March 2007.
0 15 July The SKF Group Half-year results 2008 Tom Johnstone, President and CEO.
Interim Results 2006 Interim Results 6 December 2006.
An Ebiquity company Final Results Presentation Year ended 30 April 2011 July 2011.
Full Year Presentation 31 July This presentation relates to the Freightways Limited NZX announcement and media release of 31 July As such.
Clear Media Limited Annual Results 2001 Annual Results 2001.
0 DASA 2006 and 4Q06 Earnings. 1 Disclaimer This document contains “forward-looking statements”. Forward-looking statements may be identified by words.
1 INVESTOR MEETINGS May/June Directories – a Highly Attractive Industry  Simple, cost-effective advertising medium – first stop for SMEs  High.
Tricorn Group Plc Interim Results Presentation December 2011.
1 A BUSINESS TRANSFORMED May Financial Highlights ▬Turnover up 76% to £6.91m (2005: £3.92m) ▬Operating profit up 30% to £1.00m (2005: £0.77m)
22 October 2008 Slide 1 Results 3Q08 Results 3Q08 Martin De Prycker, CEO 22 October 2008.
Full Year Presentation 8 August This presentation relates to the Freightways Limited NZX announcement and media release of 8 August As such.
Preliminary Results Presentation For the year ended 31 March th June 2008 Nick Paul Chairman Mike Welburn Chief Executive.
CDA COLLEGE ACC101: INTRODUCTION TO ACCOUNTING Lecture 2 Lecture 2 Lecturer: Kleanthis Zisimos.
McBride plc : Interim Results 10 February 2005.
Annual Report Sony Jeffery Williams ACG2021
Monitoring the Business + - x ÷ ÷ x x ÷ : : : : Ratio Analysis C. O' Brien Chanel College.
1 Tricorn Preliminary Results For year ended 31st March 2010.
International Financial Reporting Standards - IFRS.
PRELIMINARY RESULTS YEAR ENDED 31 ST DECEMBER 2015 Charles Rolls – Co-founder and Executive Deputy Chairman Tim Warrillow – Co-founder and CEO Andrew Branchflower.
First Quarter 2013 Earnings Conference Call April 18, 2013.
Pinnacle Holdings Confidential PAGE 1. Pinnacle Holdings Confidential PAGE 2.
April 26, 2016 RESULTS 1 st QUARTER 2016 (IFRS, UNAUDITED) © 2016 Software AG. All rights reserved.
Understanding a Firm’s Financial Statements
Interim Results 2007 September 2007
Airports Company South Africa
FINANCIAL MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES
KORRES GROUP 9M 2014 FINANCIAL RESULTS
six months ended 31 December 2004
CHAPTER 8 FINANCIAL PLANNING. CHAPTER 8 FINANCIAL PLANNING.
Interim results Six months ended 31st October th December 2004
FINANCIAL MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES
FINANCIAL MANAGEMENT FOR SMALL AND MEDIUM ENTERPRISES
Presentation transcript:

an Ebiquity company Interim Presentation Six months ended 31 October 2010 January 2011

an Ebiquity company Progress ahead of plan Largely completed planned integration of Xtreme and TMC ahead of schedule Established a new high quality data centre in Newcastle Consolidated German operations in Baden Baden with Sales and Marketing in Hamburg Cost synergies ahead of management forecast New branding and marketing structure now in place 2

an Ebiquity company Revenues and operating profit ahead of forecast 3 Revenues £20,513 Operating Profits £1,436 4% pro forma revenue increase 71% International Revenue

an Ebiquity company 4 Globalisation Accountability Effectiveness Efficiency Procurement Transparency Key business drivers

an Ebiquity company New business structure to reflect new capabilities Advertising Intelligence Media ROI Digital Editorial Intelligence Technology Practice

an Ebiquity company 6 Greater geographic reach Office Partner

an Ebiquity company 7 85 of top 100 in 2010 Penetration of the top 100 global advertisers

an Ebiquity company One brand One proposition Delivering Our message Following the Xtreme acquisition we have a confusion of brand names and services

an Ebiquity company

Our Journey We began as a small advertising monitoring business We now stand at the centre of a growing and complex market There are few, if any, other companies with the skills necessary to help brand owners navigate these complexities We have built the skills and the international credentials We face significant growth opportunities in key markets and internationally Our journey has just begun! 10

an Ebiquity company Financial Summary Six months ended 31 October 2010 All numbers in this presentation are in £000’s unless noted otherwise

an Ebiquity company Revenue increase of 122%... Pro forma* YOY increase of 4% Revenue Six months ended 31 October 2010 Reported % % Pro forma* % Analytics7,538 37% 6,660 72% 7,288 37% Platform12,975 63% 2,600 28% 12,460 63% Total20,5139,26019,749 * Based on management account information, taking all acquisitions as if they had been owned for whole of previous period, using Ebiquity policies

an Ebiquity company International revenue doubled to 71% of group revenue (2009: 37%) Revenue International revenue: non UK sourced revenue, or UK sourced revenue where marketing activity is analysed in more than one country US domestic 14% (2009: 12%) Plus 39% multi territory contracts (2009: 25%) Mainland Europe domestic 14% (2009: nil) AsiaPac domestic 4% (2009: nil)

an Ebiquity company Strong repeat business and renewal rates Revenue UK Platform renewal rate (by value) 6 months to 31 October % UK Platform renewal rate (by value) 6 months to 31 October % Recurring revenues 8% Renewable revenues 77% Recurring and renewable revenues 85%

an Ebiquity company Positive impact of acquisitions on gross margins with early synergy release Gross margins 54%52% Total Increased largely due to recognised synergies 57%54% Platform Increased largely due to recognised synergies (£215k) 49% Analytics Margins maintained on increased revenue Total gross profit £11,036k (2009 pro forma: £10,338k). Reported gross profit and margin in October 2009: £4,781k and 52% Reported 31 October 2010 Pro forma 31 October 2009

an Ebiquity company Synergies implemented earlier than planned Underlying operating profit 6 months ended 31 October months ended 31 October 2009 Reported Pro forma Analytics2,5333,0573,034 Platform3, ,066 Unallocated expenses(4,764)(2,892)(4,977) Underlying operating profit1, ,123

an Ebiquity company Improved margin from realised synergies Underlying operating margin 7%6% Operating profit (EBIT) EBITDA 10%9% Total (pre highlighted) operating profit £1,436k (2009: £1,123k). Reported operating profit and margin in October 2009: £760k and 8% Reported 31 October 2010 Pro forma 31 October 2009

an Ebiquity company EPS in line with market expectation Underlying diluted EPS 1.3p Our effective tax rate has been negatively impacted by a geographical shift in profits towards overseas territories where tax rates are higher. Were the geographical mix in line with the previous year, the strong underlying performance against market expectation (operating profit of £1,154k vs £1,000k) would have resulted in a higher EPS ReportedMarket expectation

an Ebiquity company High planned non-recurring integration costs to release significant cost synergies Highlighted items Six months ended 31 October 2010 Six months ended 31 October 2009 Organic Current/prior year acquisition related Total Recurring: Share based expenses *151 Amortisation of purchased assets * , Non recurring: Integration costs Severance costs-1, Property costs *- Acquisition costs , Total8122,6143, * Non cash £1,671k

an Ebiquity company Impact of significant planned restructuring costs Profit before tax 6 months ended 31 October months ended 31 October 2009 Reported Underlying operating profit1, Highlighted items – recurring(1,371)(332) Highlighted items – non recurring(2,056)(158) Reported operating (loss)/profit(1,991)270 Net finance costs(282)(67) Reported (loss)/profit before tax(2,273)202 Underlying profit before tax1,154692

an Ebiquity company As at 1 May months to 31 October 2010 As at 31 October 2010 Total original facility Available facility 31 October 2010 DrawnRepaid Term loan8,000-(1,057)*6,9438,000- Revolving Credit Facility-1,500- 2,5001,000 Acquisition fund----1,500 Total8,0001,500(1,057)8,44312,0002,500 * includes £64k forex (non cash movement) with £993k actual cash repayments Key facility terms: Repayable in equal quarterly instalments until April 2014 Term loan denominated in GBP and USD at floating to fixed hedged rates of 2.03% and 1.86% plus 3.25% margin respectively (5.28% and 5.11% effective rates respectively) Undrawn facility liable to fee of 46.15% of the margin (currently 1.5%) Financing analysis £2.5m available facility

an Ebiquity company 31 October October April 2010 Cash1,7501,5215,243 Loans to associates Debt(8,443)(3,314)(7,569) Total(6,693)(1,483)(2,041) Operating cash flow and net debt Short term and non recurring impact of integration costs

an Ebiquity company Financial summary Company size has doubled Revenue up 122%, Gross profit up 131%, Underlying operating profit up 89% Worldwide headcount up X% Strong international renewable revenues 71% of revenue comes from International 85% of revenue is recurring First half recognised cost synergies ahead of target at £548k Increase in pro forma gross and operating profit margins Comfortably financed Sufficient headroom on debt facility Meeting banking covenants Ahead of market expectations Revenue of £20.5m vs £20.4m Underlying operating profit £1.4m vs £1.2m EPS of 1.3p vs 1.3p 23

an Ebiquity company Outlook Growth drivers continue to define our strategy – International/ROI International multiple geography assignments will continue to drive growth Germany and USA offer significant growth potential Continue to build organic growth via cross selling Seek to build our skills and international footprint where appropriate We are confident of another successful year 24 Confident of another successful year

an Ebiquity company Financial Appendices Six months ended 31 October 2010

an Ebiquity company International revenue doubled to 71% of group revenue Appendix: International revenue 6 months ended 31 October 2010 % of total revenue 6 months ended 31 October 2009 % of total revenue Multi territory7,95439%2,29125% US domestic2,94414%1,08112% Europe excl UK domestic2,85714%-- AsiaPac domestic8954%-- Total international revenue14,65071%3,37237% International revenue: non UK sourced revenue, or UK sourced revenue where marketing activity is analysed in more than one country

an Ebiquity company Appendix: Statement of financial position Oct 10Oct 09Apr 10 Non current assets Goodwill30,7008,75430,235 Purchased intangibles9,0802,6389,291 Other3,6861,4033,418 46,46612,79542,944 Current assets Trade debtors6,6482,8238,300 Accrued income3,0291,9892,081 Cash1,7501,5215,243 Loans to associates Bank security deposits300- Prepayments1, ,566 Other ,6947,38418,360 Current liabilities Trade creditors2, ,993 Loans3,4822,3002,077 Deferred income5,5102,4337,958 Accruals2,8261,6163,248 Other3,5551,3433,004 18,0458,60919,280 Non current liabilities Loans4,6061,0135,575 Deferred tax2, ,608 Other ,3981,5739,090 Net assets 31,7179,99732,934

an Ebiquity company Appendix: Cash flow statement Oct 10Oct 09Apr 10 Cash (used in) / generated from operations (2,230)8653,243 Finance expense(231)(75)(271) Income taxes (paid) / refunded(316)105(551) Net cash from operating activities (2,777)8952,421 Investing activities Acq’n of subsidiaries, net of cash acquired(829)-(326) Purchase of PPE(351)(70)(164) Capitalised development costs(46)(107)(135) Finance income-814 (1,225)(117)(545) Financing activities Issue of new shares New borrowings1,500-8,000 Loan repayments(993)(486)(5,884) Bank loan fee/securities--(506) Loan note issue costs--(217) 529(486)2,143 Net increase/(decrease) in cash (3,474)2924,019