Fonix Plc · LSE:FNX
Fonix — H1 FY2024 Earnings Presentation
21 slides from Fonix's earnings presentation, March 2024
Slide 1: Investor Briefing: Interim Results Presentation
Investor Briefing Interim Results Presentation 6-months ended 31 December 2023
Slide 2: The Business
The Business Rob Weisz Chief Executive Officer Fonix Investor Briefing March 2024 2
Slide 3: Executive Summary
Executive Summary Trading exceeding initial Continued strong growth expectations for the year in international markets Key segments of payments & Increased dividend in line with messaging have continued to progressive dividend policy grow strongly Growth strategy continues to Increased product inves
Slide 4: What we do and how
What we do and how Clients / Users Consumer services Consumer experience Marketing Messaging Payment Payments connections connections Integrations Voting Campaign Manager Text the studio Features Notifications Marketing Interactive campaigns campaigns Donations Winner Donation Competitions & gift ai
Slide 5: Financial Update
Financial Update Michael Foulkes Chief Financial Officer Fonix Investor Briefing March 2024 5
Slide 6: Operational Highlights
Operational Highlights Key achievements for the 6 months ended 31 December 2023: Product innovation >10% Gross profits from overseas International investment 100% Platform uptime Expanded team 99% Income of a repeating nature Fonix Investor Briefing March 2024 6
Slide 7: Key Performance Indicators
Key Performance Indicators Financial and operating key performance indicators for the 6 months ended 31 December 2023: TPV1 Gross Profit £158m £9.2m + 15.3% YOY + 17.9% YOY Adjusted EBITDA2 Adjusted PBT3 £7.3m £7.4m + 17.7% YOY + 25.4% YOY 1 TPV means the Total Payment Value and represents the gross
Slide 8: Trading Growth YOY
Trading Growth YOY Revenue, gross profit and adjusted EBITDA growth all in line with expectations. Fonix enters H2 with a strong run-rate of existing recurring revenues and a significant pipeline of new commercial opportunities. As was the case in previous years, we’re expecting a weighting towards
Slide 9: Segmental Analysis
Segmental Analysis H1 FY24 H1 FY23 Change Share of Gross profit continues to be the business’ most important financial Revenue £'000 £'000 YoY H1 FY24 indicator as this represents the company’s share of revenue for Mobile payments 28,375 24,633 15% 72% processing mobile payments and SMS messages. Mo
Slide 10: Financial Performance
Financial Performance Gross profit growth of 18% YOY, driven primarily by Financial H1 FY24 H1 FY23 Change increased income in media sector, with strong Performance £'000 £'000 YoY international growth and expansion in messaging services. TPV 158,000 136,897 15% Revenue 39,658 32,815 21% Adjusted op
Slide 11: Cashflow
Cashflow Underlying cash shows the business’ true free Underlying Underlying Actual & underlying Actual cash Actual Cash cash cash cash flow and excludes cash held on behalf of cash flow Dec 2023 Dec 2022 Dec 2023 Dec 2022 customers. Underlying free cash continued to £'000 £'000 £'000 £'000 grow in
Slide 12: Strategy Update
Strategy Update Rob Weisz Chief Executive Officer Fonix Investor Briefing March 2024 12
Slide 13: Growth Strategy
Growth Strategy Recurring client Existing clients Sector focused revenues Retain, innovate and grow New clients & strong pipeline of Delivering business that provides long prospects term predictable revenues Client led international Product expansion expansion Focus on replicating core Robust techno
Slide 14: Disciplined Sector Focus
Disciplined Sector Focus Charity Gaming Media Transport Digital & Ticketing Services Mobile donation Payments & Payments & Payments for bus, OTT, publishers, technology gaming operators interactivity for rail and car parking lifestyle & digital TV, radio & print entertainment • £12.7bn donated in th
Slide 15: Outlook
Outlook Rob Weisz Chief Executive Officer Fonix Investor Briefing March 2024 15
Slide 16: Executive Summary
Executive Summary Trading Positive start to the H2, in line with recently upgraded expectations Growth Continuing to grow existing accounts and win new accounts in our core sectors Investment Investing in growth with increased spend on product development International Advanced commercial discussion
Slide 17: Thank you for your time
Thank you for your time
Slide 18: Appendix
Appendix
Slide 19: The Team
The Team Board Ed Spurrier Carmel Warren Will Neale Chair Non-executive Director Non-executive Director Rob Weisz Michael Foulkes Senior CEO CFO Leadership Francesca Gangemi Marcus Kern Louisa Harris Steve George Clare Charles Anthony Baladi Director of Technology Head of Tech Operations & Client Su
Slide 20: Balance Sheet
Balance Sheet Balance sheet Dec 2023 Dec 2022 Change £’000 £'000 YoY Intangible asset 1,423 1,072 33% Right of use asset 346 99 251% Tangible assets 27 22 21% Trade and other receivables 44,032 46,658 -6% Cash and cash equivalent (actual cash) 29,548 20,438 45% Total assets 75,376 68,289 10% Current
Slide 21: The Market
The Market App Stores & Global Players High Value Brand Opportunities Content Market Low Value Ring Tones Wallpapers Diets Funny Videos Emerging Markets Fonix Investor Briefing March 2024 21