2005 Results Presentation. Today’s Agenda 1.2005 Results review 2.Business Review 3.Future Prospects.

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

2002 Results 17 March © 2003 Management Consulting Group PLC All rights reserved 2002 Final Results.ppt 2 Agenda Introduction 2002 highlights Profit.
Peter Chan December 15 th, 2003 The Development Bank of Singapore Corporate Finance Division.
1 FirstGroup plc Pre-close Trading Update for the 12 months to 31 March 2010 Wednesday 31 March 2010.
London Stock Exchange Interim Results 11 November 2004.
London Stock Exchange Interim Results 6 November 2003.
Interim Results Chief Financial Officer David Grigson 23 July 2002 Financial Highlights.
2013 Results 1 Positioned for further growth 2013 Results 27 February 2014.
125 YEARS OF FORWARD THINKING Mouchel Annual Results 2013 Grant Rumbles, Chief Executive Paul Rayner, Finance Director.
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.
Interim Results Presentation For the 6 months ended 30 September th December 2008 Nick Paul Chairman Mike Welburn Chief Executive.
1. 2 WELCOME 3 Table of contents  Welcome  Salient features  Sustainability achievements  Financial review  Strategy ›Short-term challenges and.
2001 results 18 March © 2002 Management Consulting Group PLC All rights reserved 2 Agenda Introduction 2001 highlights Profit and loss account Balance.
Preliminary Results David Grigson Finance Director 17 February 2004 Financial Highlights.
Preliminary Results 26 May Ian Much Chief Executive.
FINAL RESULTS FOR THE YEAR ENDING 31 DECEMBER 2012 MARCH 2013.
1 office2office plc Results Presentation Year ended 31 December 2004 Important notice This presentation is directed at and should be distributed only to.
DAIRY CREST GROUP PLC Interim Results For the period ended 30 September 2011.
P R E L I M I N A R Y R E S U L T S 1 March 2006.
GEORGE WIMPEY PLC Interim Results for the half year ended 30 June 2001 Tuesday 31 July 2001.
INTERIM REPORT 2006/07 4th December 2006 Presentation to Analysts and Investors.
Tribal Group plc Half year results for the six months ended 30 June 2008 Peter Martin Chief Executive Simon Lawton Group Finance Director 19 August 2008.
Interim Results 6 September John Neilson Finance Director.
Filtrona plc Full Year Results Year ended 31 st December 2008.
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.
WILDERNESS HOLDINGS – AUDITED YEAR END RESULTS 2010 INTERIM RESULTS ANNOUNCEMENT Six months ended 31 August 2012.
1 PRELIMINARY RESULTS  Results Overview  Financial Review  2001 Trading Review  Impact of September 11th  2002 Trading  Group Strategy and.
DAIRY CREST GROUP PLC PRELIMINARY RESULTS TO 31 March 2002 Delivering added value growth and attractive returns for shareholders.
Venture Financing for LI Companies The geoVue Story.
The European specialist holiday group The European specialist holiday group 1 The European specialist holiday group PRELIMINARY RESULTS 2005.
Presentation to Carillion The Equipment Rental Specialists 9 th June 2010 The Equipment Rental Specialists Vp plc Interim Results for the six months ended.
The UK’s Leading Operator of Specialist Holiday Businesses The UK’s Leading Operator of Specialist Holiday Businesses 1 The UK’s Leading Operator of Specialist.
Preliminary Results for the year ended 31 st December th March 2008 Delivering sustainable growth.
Half-Yearly Review 2011 Six months ended 31 December 2010 ®
Interim Results David Grigson Finance Director 27 July 2004 Financial Highlights.
Preliminary Results Presentation March Overview 2.Market Background 3.Preliminary Results 4.Outlook 5.Appendix Agenda.
Vp plc Preliminary Results Year Ended 31 March 2005.
1 Acquisition of Retail-J Limited July Retail-J Completes Platform for Growth Retail-J Limited (“Retail-J”) completes a world-class POS portfolio.
1 The world’s leading manufacturer of collagen products for the food industry 2008 Interim Results Presentation 28 August 2008.
1 Tricorn Group plc Final Results For year ended 31st March 2013 June 2013.
INTERIM RESULTS for the 26 weeks ended 26 June 2004.
Interim Results Chief Executive Officer Tom Glocer 23 July 2002.
Lavendon Group plc 2006 Preliminary Results Presentation March 2007.
Preliminary Results Presentation March Preliminary Results Review 2.Business Review 3.Prospects Agenda.
1 Tricorn Preliminary Results For year ended 31st March 2012 June 2012 Mike Welburn, Chief Executive Officer Phil Lee, Group Finance Director David Leakey,
Preliminary Results Presentation – September 2005 Preliminary Results Presentation Year to 30 th June 2005.
Interim Results Presentation September 2006 Today’s Agenda Interim Results Review 2.Business Review 3.Future Prospects.
27 March 2003 Displays and the electronics that drive them. Page 1 Densitron Technologies plc 2003 Full Year Presentation by... David.
Full Year Presentation 31 July This presentation relates to the Freightways Limited NZX announcement and media release of 31 July As such.
1st August 2006 Dominic Burke Chief Executive. Today’s Meeting 2006 Interim Results Operational Review –Strengthened management team –Business reviews.
1 INVESTOR MEETINGS May/June Directories – a Highly Attractive Industry  Simple, cost-effective advertising medium – first stop for SMEs  High.
George Wimpey PLC 2000 Preliminary Results Wednesday 21 February 2001.
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)
Full Year Presentation 8 August This presentation relates to the Freightways Limited NZX announcement and media release of 8 August As such.
1 26 February 2010 Interim Results to 31 December 2009.
Preliminary Results Year Ended 31 March Preliminary Results /04 Laying the foundations for Growth & Change…
Preliminary Results Presentation For the year ended 31 March th June 2008 Nick Paul Chairman Mike Welburn Chief Executive.
McBride plc : Interim Results 10 February 2005.
0 Preliminary Results FY June Highlights & Key Issues Operating Performance Full Financial Performance Outlook & Strategy AGENDA.
Floris Waller - CFO and Member Executive Board Business Services Conference London June 26 th 2007 Corporate Express Overview.
Creation of a focused gaming business Hard Rock disposal 7th December 2006.
Vp plc The Equipment Rental Specialist Final Results Year ended 31 March 2007 Rental and sale of specialist products and services to construction, civil.
 McBride plc Strategic Objectives Build No 1 Private Label household & personal care position Be Retail Partner of choice Improve operational.
1 Tricorn Preliminary Results For year ended 31st March 2010.
Interim Results 2007 September 2007
2002 Results 17 March 2003.
six months ended 31 December 2004
Vp plc The Equipment Rental Specialist
June 2019 Charles Bligh CEO Strong. Growth..
Presentation transcript:

2005 Results Presentation

Today’s Agenda Results review 2.Business Review 3.Future Prospects

2005 Overview Challenging year – internally and externally Core subscriber business held up well to pressure on High Street spending –Overall subscriber numbers increased 12% to [12,932] –Acquisition of Ideal Music & Media System sales below expectations: –Consumer spending impact on client spending –Legacy warranty issues Strengthened Management team Business restructuring in Q4 to focus on core growth opportunities

2005 Final Results Year ended 31st December 2005 £’000’s Sales7,922 Recurring revenues4,818 Service sales597 System sales2,507 Adjusted EBITDA 1,326 Depreciation (672) Adjusted operating profit 654 One-off warranty obligations (278) One-off overhead expenditure (216) Operating profit 160 Amortisation of goodwill (645) Interest (250) Profit/(Loss) before Tax (744) Earnings/(Loss) per share (1.24)p

Consolidated Balance Sheet

Business Review

Trading Highlights Subscriber sites increased from 11,560 to 12,937 New client wins include: Progress on existing roll-outs: Linux based AV roll-outs: Acquisition of Ideal Music completed at end of H1

Sales Mix

Other operational actions Operating efficiency measures –Adoption of Linux based software for all Audio and AV players –Migration of all clients on common operating system Addressed warranty issue –Thorough review of installed base –Upfront investment of £278k to bring inherited systems up to standard –Tightened sales/contract process to avoid repetition Investment in non-licensed music channels –Mitigates impact of proposed PPL licence fee increases –1,000 subscriber sites from January 2006

Restructured business to focus on growth opportunities  Exited “pro-audio” sector, reducing stock levels, service costs and warranty exposure  Closure and relocation of London manufacturing operations  Headcount reduction from 60 to 51 during the year  Exceptional reorganisation costs of £0.2m incurred in 2005 Strengthened executive management team –Derek Mapp appointed Executive Chairman in Sept 05 –Ken Pratt appointed Finance Director in March 06 Strategic Actions

Future Prospects

Near term outlook Strong order book and sales pipeline Improved operational efficiency & service Competitive market and challenging retail environment Reduced exposure to volatile systems sales Strengthened management team and financial systems

Market opportunity remains very attractive Operational gearing from adding new subscribers to existing system and operational structure Large number of outlets still not using a third party provider Fragmented sector offers opportunities for further consolidation Longer term outlook

Competitor Analysis – Major UK suppliers

Board of Directors Derek Mapp*Chairman Founder of Tom Cobleigh plc & Leapfrog formerly Chairman EMDA Chairman of Staffline plc and senior NED at Informa plc Michael Clark*Managing Director Imagesound CEO Ken Pratt*Finance Director formerly Finance Director of Eton Group plc Prior to that, Finance Director Tom Cobleigh plc Richard GregoryNon-exec & Senior Independent Director Former Managing Director Yorkshire Television Non-exec Director of Yorkshire & Clydesdale Banks and National Australia Group Europe Limited Charles FairbairnNon-exec Director Non-exec Director of Research Now plc, Statpro and Bright Things plc Finance Director of Perspective Capital plc and CCO Capital plc *Today’s Presentation Team