Mission Group Public Limited Company · LSE:TMG
Mission Group Public — The Mission Group — FY2012 Earnings Presentation
9 slides from Mission Group Public's earnings presentation, 2013
Slide 1: 2012 Results
the mission® 2012 Results
Slide 2: Contents
Contents • Summary of the year: 2012 • Opportunities ahead: 2013 • Financials • Prospects 2
Slide 3: Summary of the Year: 2012
Summary of the Year: 2012 • Great new business wins • The names keep getting better • Growth from 5 of the 7 Agencies • Strategy proving successful • Clarity • Concinnity • Multinational yet boutique • Reputation growing • Clients • Industry • Service offering expanded • 2011 acquisitions embedded s
Slide 4: Opportunities ahead: 2013
Opportunities ahead: 2013 • Focus on Core Strategy plus • Improve profitability • Embed 2012 acquisitions • Broaden Client offering • Risk-reduced tactical acquisitions • Leverage our success • Continue to manage debt 4
Slide 5: Profit & Loss
Profit & Loss 2012 2011 % Turnover 117.0 116.0 +1% Operating income ("Revenue") 47.5 41.5 +15% Operating expenses (41.5) (35.6) Headline operating profit 6.0 5.8 +2% Margin 12.5% 14.1% Net interest (1.1) (1.6) -32% Headline PBT 4.9 4.2 +15% Adjustments (0.2) (0.1) PBT 4.7 4.1 Tax (1.3) (1.0) Earning
Slide 6: Profit & Loss
Profit & Loss 2012 2011 % Turnover Branding, advertising & all others 69.5 64.7 +7% Media 46.1 51.3 -10% balloon dog 1.4 - 117.0 116.0 +1% Operating income Branding, advertising & all others 41.8 36.9 +13% Media 4.5 4.6 -1% balloon dog 1.2 - 47.5 41.5 +15% Gross profit margin 41% 36% Profit Like for
Slide 7: Balance Sheet
Balance Sheet 2012 2011 2010 Intangibles 71.4 68.4 68.2 Tangible fixed assets 3.2 2.7 2.0 Working capital 4.1 2.9 3.4 Net bank debt (12.3) (15.3) (18.5) Acquisition obligations (2.3) 0.0 0.0 Total net debt (14.6) (15.3) (18.5) All others (mainly Corp. tax) (1.4) (0.8) (0.4) Net assets 62.7 57.9 54.7
Slide 8: Underlying Cash Flow
Underlying Cash Flow 2012 2011 Headline Operating profit 6.0 5.8 Add back depreciation/other non-cash items 1.2 0.9 EBITDA 7.2 6.7 Changes in working capital (0.8) 0.5 Net interest (0.9) (1.6) Taxation (0.9) (0.5) Operating cash flows 4.6 5.1 Capex (1.2) (1.5) Initial acquisition consideration (0.7)
Slide 9: Prospects
Prospects • Market • Still uncertain but more promising • Organic growth • Our business model shows that we can win market share • New business pipeline strong • Non-organic • balloon dog on track, more work to do with Addiction • Still looking for acquisition opportunities • Use of cash • Dividends