Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Yellow Pages — H1 FY2010 Earnings Presentation
19 slides from Singapore Exchange's earnings presentation, Nov 12, 2009
Slide 1: Global Yellow Pages Limited Results for 1HFY2010
Global Yellow Pages Limited Results for 1HFY2010 ended 30 September 2009 12 November 2009 Company registration number: 200304719G 1
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and business of Global Yellow Pages Limited (“GYP”) and certain of the plans and objectives of the management of GYP. Such forward looking statements involve known
Slide 3: Presentation Outline
Presentation Outline Overview Financial Highlights Business Review Outlook Dividend 3
Slide 4: 1HFY2010 Results Overview
1HFY2010 Results Overview Seasonality accounts for 1H loss • First two quarters of the financial year typically registers a low level of revenue and net loss • Business and Consumer directories are recognised in the later quarters of the financial year when the distribution of the directories are co
Slide 5: Financial Highlights
Financial Highlights 5
Slide 6: Financial Highlights
Financial Highlights S$’million 2Q FY2009 2Q FY2010 Change Revenue 1.8 1.6 14.4% Operating Loss(1) (2.2) (2.6) 15.0% Loss before Tax (2.7) (3.3) 23.2% Net Loss (2.1) (2.6) 22.4% EBITDA (0.3) (0.8) 158.7% EPS (S$’cents)(2) (1.3) (1.0) 22.6% (1) Loss before interest, taxes and share of results of asso
Slide 7: Financial Highlights
Financial Highlights S$’million 1H FY2009 1H FY2010 Change Revenue 5.6 6.4 13.6% Operating Loss(1) (3.6) (2.0) 45.1% Loss before Tax (5.5) (4.3) 22.6% Net Loss (4.5) (3.4) 24.3% EBITDA (1.3) 0.0 100.5% EPS (S$’cents)(2) (2.9) (1.7) 41.1% (1) Loss before interest, taxes and share of results of associ
Slide 8: Major Changes in Net Loss (1H)
Major Changes in Net Loss (1H) S$’million Revenue 0.8 Other gains (net) (1) 0.4 Expenses 0.2 Income tax credit 0.2 Share of results of associated companies 0.1 Net Loss 1.1 (1) Other gains include gains from the disposal of the Group’s property in Malaysia. 8
Slide 9: Expenses
Expenses S$’million 2Q FY2009 2Q FY2010 Change Printing and material costs 0.1 0.2 75.6% Staff costs 2.6 2.1 18.7% Finance expenses 1.4 1.7 19.7% Other expenses 1.3 1.8 33.0% Depreciation and amortisation 0.6 0.5 8.2% Total Expenses 6.0 6.3 4.7% 9
Slide 10: Expenses
Expenses S$’million 1H FY2009 1H FY2010 Change Printing and material costs 0.5 0.7 35.6% Staff costs 6.0 4.3 27.7% Finance expenses 2.8 3.1 9.9% Other expenses (see next slide) 2.8 3.9 39.8% Depreciation and amortisation 1.1 1.0 7.2% Total Expenses 13.2 13.0 1.2% 10
Slide 11: Other Expenses
Other Expenses S$’million 1H FY2009 1H FY2010 Change Bad & doubtful debts (0.7) (0.3) 53.6% Advertising, marketing & donations 0.3 0.7 148.6% Property related & maintenance exp. 0.9 0.7 16.7% Admin & Others 2.3 2.8 18.9% Other Expenses 2.8 3.9 39.8% 11
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights S$’million 31 Mar 09 30 Sep 09 Cash & cash equivalents 52.0 2.6 Total assets 267.7 231.7 Total liabilities 146.8 55.5 Shareholders’ equity 121.0 176.3 Current ratio 0.5x 0.9x Debt / Equity 1.1x 0.1x 12
Slide 13: Business Review
Business Review 13
Slide 14: Business Review
Business Review Canvass Results • Concluded sales canvass of Business Directories, comprising the Yellow Pages Business and Business Listings White Pages • Sales canvass results for Business Directories fell by 9.2% to S$22.0 million Share Capital • Increased by S$58.9 million from the Rights cum Wa
Slide 15: Outlook
Outlook 15
Slide 16: Outlook
Outlook Uncertain business environment ahead • Continue efforts to increase operational efficiencies and managing costs, whilst expanding product offerings using comprehensive database • With its S$130.0 million bonds redeemed in September 2009, the Group is financially stronger and will continue to
Slide 17: Dividend
Dividend 17
Slide 18: Dividend
Dividend • The Company has proposed no interim dividend for the second quarter ended 30 September 2009 in view of the recently completed refinancing of the bonds. • The Board remains committed to creating long-term value for its shareholders and aims to create a sustainable dividend return. Looking
Slide 19: Thank You
Thank You 19
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