Business
Trading Update and Capital Markets Day
Trading Update and Capital Markets Day.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7986A\n Zinc Media Group PLC\n 07 February 2022\n \n \n \n \n 7 February 2022\n \n \n \n \n \n \n \n \n Zinc Media Group plc \n \n \n (\"Zinc Media\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Trading Update and Capital Markets Day\n \n \n \n \n \n \n \n \n Zinc Media Group plc (AIM: ZIN), the TV and multimedia content producer, is pleased to announce an unaudited trading update and news of a forthcoming Capital Markets Day.\n \n \n \n \n \n Trading update\n \n \n \n \n \n Financial highlights:\n \n \n \n \n \n · \n Group Adjusted EBITDA in H2 2021 expected to be in the region of £0.5m, ahead of management's expectations.\n \n \n \n \n \n · \n The Group generated Free Cash Flow (FCF) in H2 2021.\n \n \n \n \n \n · \n Cash at 31 December 2021 of £5.6m (31 December 2020: £6.8m).\n \n \n \n \n \n · \n The Group has already booked £9m of revenue which is expected to be delivered in 2022 (January 2021: £9m), with an additional £6m of commissions in highly advanced discussions (January 2021: £5m), with a significant proportion anticipated to begin production in Q2 2022.\n \n \n \n \n \n · \n The Group expects to publish its audited full year results in April 2022.\n \n \n \n \n \n Programme highlights in H2 2021 include:\n \n \n \n \n \n · \n The Group's largest ever TV series commission, for Channel 5; and\n \n \n \n \n \n · \n The Group's first ever Advertiser Funded Programme (AFP) for Sky; and\n \n \n \n \n \n · \n Two new live action productions for Red Bull and Lego; and\n \n \n \n \n \n · \n Five recommissions for returning series; and\n \n \n \n \n \n · \n The Group's first commercially funded podcast series; and\n \n \n \n \n \n · \n A significant client funded development for one of the world's biggest SVoD (\"subscription video on demand\") platforms, which has the potential to lead to a series commission.\n \n \n \n \n \n \n \n \n The new financial year has started positively with new business wins across the Group. Tern TV has won a new series for BBC2 and BBC Scotland. This is the first commission for Tern's new Head of Factual Entertainment. Zinc Communicate has started the year strongly, with the publishing business booking at high levels and the branded...