4imprint Group Plc · LSE:FOUR
4imprint — H1 2010 Earnings Presentation
11 slides from 4imprint's earnings presentation, July 2010
Slide 1: Interim results presentation for the period ended 3 July 2010
Interim results presentation for the period ended 3 July 2010
Slide 2: Index
Index Interim financial results 1 Highlights 2 Group Income Statement 3 Group Cash Flow 4 Balance Sheet 5 Segmental analysis 6 Direct Marketing Division 7 End User Division 8 Trade Division
Slide 3: Highlights
Highlights • Group revenue increased to £95.18m, up 18% (half year 2009: £80.96m) • Underlying operating profit* was £4.46m, an increase of 193% (half year 2009: £1.52m) • Operating profit was £3.03m (half year 2009: £0.63m loss) • Interim dividend 4.70p per share, an 11% increase (half year 2009: 4
Slide 4: Group Income Statement
Group Income Statement H1 2010 H1 2009 FY 2009 H1 2010 restated restated v £'000 £'000 £'000 H1 2009 Revenue 95,184 80,961 169,088 118% Underlying operating profit* 4,458 1,522 5,452 293% Operating profit / (loss) 3,032 (628) 3,140 483% Net finance costs (236) (180) (315) Tax (419) 243 (424) Profit
Slide 5: Group Cash Flow
Group Cash Flow Net debt £4.49m (H1 2009: £7.91m; FY 2009: £3.13m) H1 2010 H1 2009 restated £'000 £'000 Operating profit before exceptional items 3,185 (488) Non-cash items (depreciation, share option and IAS 19 pension charges) 1,509 1,942 Cash exceptional items (312) (522) Defined benefit pension
Slide 6: Balance Sheet
Balance Sheet H1 2010 FY 2009 restated £'000 £'000 Fixed assets 14,999 14,803 • Modest capital spend (£1.02m) Goodwill 9,084 9,084 • Increase in working capital as a result of increased Deferred tax asset 7,718 7,558 revenue 31,801 31,445 • Total headroom on UK and US banking facilities at 3 July 20
Slide 7: Segmental analysis
Segmental analysis Revenue H1 2010 H1 2009 H1 2010 v H1 2009 £'000 £'000 Direct Marketing Division 62,777 53,712 117% End User Division 25,327 20,389 124% Trade Division 8,892 8,347 107% Inter-segment revenue (1,812) (1,487) Total 95,184 80,961 118% Operating profit before exceptional items H1 2010
Slide 8: Direct Marketing Division – 4imprint
Direct Marketing Division – “4imprint” North America H1 2010 H1 2009 $'000 $'000 Revenue 91,135 76,140 • Revenue 20% ahead of prior year Gross profit 32,686 27,008 • Gross profit improved GP % 36% 35% • Improvement in return on cost of prospecting Selling and marketing expenses (21,749) (20,217) inv
Slide 9: End User Division – Brand Addition
End User Division – “Brand Addition” H1 2010 H1 2009 £'000 £'000 Total revenue 25,327 20,389 • New contracts contributed £4m (expired contracts (£2m)) to an overall increase in Gross profit 5,997 5,349 revenue of £4.94m GP % 24% 26% • 2% decrease in gross profit % due to business Selling and marketi
Slide 10: Trade Division – SPS
Trade Division – “SPS” H1 2010 H1 2009 £'000 £'000 Total revenue 8,892 8,347 • Revenue 7% ahead of prior year Gross profit 2,389 1,938 • 4% increase in gross profit % due to operating Gross profit % 27% 23% headcount reduction and increased production efficiencies Selling and marketing expenses (930
Slide 11: 4imprint Group plc
Aitnprint- Group plc