Enero Group Limited · ASX:EGG
Enero — Photon Group — H1 FY2007 Earnings Presentation
16 slides from Enero's earnings presentation, May 1, 2019
Slide 1: Photon Group Limited 2007 Interim Results
Photon Group Limited 2007 Interim Results
Slide 2: Photon Group Limited 2007 Half Year Results
Photon Group Limited 2007 Half Year Results 1. Overview 2. Results Summary 3. Income Statement 4. Balance Sheet 5. Cash Flow 6. Half Year in Review 7. Acquisitions During Year 8. Sector Analysis - Diversification by Sector - Top Ten Clients 9. Pillar Revenue/EBITDA 10. Outlook Photon Group Limited 2
Slide 3: Overview
Overview • Net Revenue increased 47% to $85.2 million with EBITDA up 62% to $19.1 million. Operating margin increased from 20.3% to 22.4%. • Net profit grew 35% to $6.9 million. Cash EPS 15.4 cents verse 11.3 cents last year. • Photon experienced solid organic growth, with Revenue up 12% and EBITDA
Slide 4: Results Summary
Results Summary H106 H107 Change Net Revenue $57.9m $85.2m 47% EBITDA $11.8m $19.1m 62% Operating Margin 20.3% 22.4% Net Profit $5.1m $6.9m 35% Adjusted NPAT $6.5m $10.2m 57% EPS (Reported) 8.8 cents 10.4 cents 17% EPS Adjusted* 11.3 cents 15.4 cents 37% * Adjusted for Amortisation Intangibles, PV C
Slide 5: Income Statement
Income Statement Audited Income Statement H106 H107 Change Half Year Ended 31 December Actual Actual 06-07 $m $m % Revenue (Net) 57.9 85.2 47% EBITDA 11.8 19.1 62% Depreciation 1.3 2.0 Amortisation - Identifiable Intangibles 0.8 2.0 EBIT 9.7 15.1 56% Interest - PV Charges 0.6 1.4 Reported NPAT (afte
Slide 6: Organic and Acquisition Revenue/EBITDA Analysis
Organic and Acquisition Revenue/EBITDA Analysis H106 H107 Change Net Revenue (Organic) * $65.1m $72.9m 12% Acquired - $12.2m 100% Total $65.1m $85.2m EBITDA (Organic) * $13.6m $15.3m 13% Acquired - $3.8m 100% Total $13.6m $19.1m •Organic growth represents like-like results for companies acquired in
Slide 7: Balance Sheet
Balance Sheet $m $m Cash 24,245 Working Capital 11,355 Financial assets 13,235 Other Assets 8,493 Fixed Assets @ WDV 12,900 Intangibles: Goodwill 229,008 Identifiable Intangibles @ WDV 13,824 Total Assets 313,060 Provisions 26,223 Deferred Payments (PV): Current 17,342 Non-Current 19,243 Borrowings:
Slide 8: Cashflow
Cashflow 1HY07 FY06 1HY06 Operating EBITDA 19,126 28,096 11,813 Decrease/(Increase) in Working Capital 899 (7,153) (615) Gross Cashflow 20,025 20,943 11,198 Net Interest Paid (2,346) (2,988) (1,191) Other 88 0 57 Tax 164 (5,767) (4,398) Operating Cashflow 17,932 12,188 5,666 CAPEX (1,603) (3,548) (1
Slide 9: Half Year in Review
Half Year in Review – Successful integration of each of the acquired company’s. – Field Marketing, PR and Digital, Interactive & Internet growing strongly. – Revenue and EBITDA growth ahead of expectations. – Photon Group in US market with OBMedia acquisition. – Ongoing investment in Digital with ac
Slide 10: Acquisitions During First Half
Acquisitions During First Half iMega Online Advertising July 06 Ausrep Sales & Field Marketing July 06 Jigsaw Strategic Research July 06 Belgiovane Williams Mackay Advertising Aug 06 Dark Blue Sea (1) Domain Registry Dec 06 Since January OBMedia (US) Online Advertising Jan 07 C4 Communication Digita
Slide 11: Five Pillar Composition
Five Pillar Composition Business Digital, Sales and Mass Specialised Intelligence Interactive Presence Communication Communication and Internet Marketing Services The Leading Edge Returnity The Bailey Group Love Bellamyhayden Jigsaw Legion Interactive Orchard National AdPartners Ideass/Precinct DVL
Slide 12: Diversification by Sector
Diversification by Sector Top 25 By Industry For the half year ended 31 December 2006 Photon Group Limited 2007 Interim Results
Slide 13: Top Ten Clients
Top Ten Clients Number of Photon Industry relationships % Total Revenue Client 1 Telecommunications 6 5.50% Client 2 FMCG General 2 3.36% Client 3 Telecommunications 4 3.02% Client 4 Search Marketing/Internet 1 2.98% Client 5 Alcohol 4 2.65% Client 6 Retail 5 2.52% Client 7 Banking/Finance/Insurance
Slide 14: H107 Revenue and EBITDA by Pillar
H107 Revenue and EBITDA by Pillar Revenue by pillar EBITDA by pillar Business Business Specialised Specialised Intelligence 14% Intelligence 13% Communication Communication Services 14% Services 18% Digital, Digital, Interactive & Interactive & Internet 13% Internet 19% Mass Mass Communication Commu
Slide 15: Outlook
Outlook • Due to organic growth and recently announced acquisitions, we are budgeting revenue of approximately $200m and EBITDA in excess of $40m (up 43%). • We continue to explore further acquisitions in a disciplined manner that have growth prospects and can leverage existing Photon businesses and
Slide 16: Photon Group Limited 2007 Interim Results
Photon Group Limited 2007 Interim Results