Mission Group Public Limited Company · LSE:TMG
Mission Group Public — The Mission Group — H1 2015 Earnings Presentation
10 slides from Mission Group Public's earnings presentation, 2015
Slide 1: 2015 interim results
the mission© own ideas 2015 interim results
Slide 2: Contents
Contents • Review of H1 • Financials • Prospects 2
Slide 3: Summary of the period
Summary of the period • Bedding in acquisitions • Both the bigger ones - Splash (Asia) and Speed (PR) • And the bolt-ons - Proof, Brandon Hill, The Weather • Managing change • Merger of balloon dog and Big Communications -> bigdog launched 1 March • Restructuring to enhance organisation -> improved
Slide 4: Financial summary
Financial summary • Profits up, debt down, on-track to hit expectations • Strong contribution from 2014 acquisitions • Organic growth reflects portfolio nature • Strong H2 again predicted • Interim dividend increased • Held at interim stage last year; confidence in long term prospects • Leverage rat
Slide 5: Profit & Loss
Profit & Loss H1 H1 2015 2014 % Turnover 66.6 62.8 Operating income ("Revenue") 29.5 26.3 +12% Operating expenses (27.1) (24.2) Headline operating profit 2.4 2.1 +15% Net interest (0.2) (0.3) Headline PBT 2.2 1.8 +20% Adjustments to headline profit (0.4) 0.4 PBT 1.7 2.2 Tax (0.4) (0.5) Earnings 1.4
Slide 6: Balance sheet
Balance sheet June June Dec 2015 2014 2014 Intangibles 77.4 72.1 77.2 Tangible fixed assets 4.5 4.1 4.4 Working capital 3.7 0.1 4.3 Net bank debt (7.9) (7.3) (9.4) Acquisition obligations (4.5) (1.6) (5.1) Total net debt (12.4) (8.9) (14.5) All others (mainly Corp. tax) (1.4) (0.8) (1.0) Net assets
Slide 7: Acquisition obligations
Acquisition obligations Prior This Total At 31 December 2014 5.1 - 5.1 Acquisitions - 0.7 0.7 Settled in cash (0.4) (0.3) (0.7) Settled in shares - (0.1) (0.1) Adjustments to balance sheet - - - Adjustments to P&L (0.5) - (0.5) At 30 June 2015 4.2 0.3 4.5 Cash acquired with acquisitions - 0.3 0.3 7
Slide 8: Cash flow
Cash flow H1 H1 2015 2014 Headline Operating profit 2.4 2.1 Add back depreciation/other non-cash items 0.8 0.7 EBITDA 3.2 2.8 Changes in working capital 0.4 2.9 Net interest (0.5) (0.2) Taxation (0.2) (0.3) Headline operating cash flows 2.9 5.2 Exceptional costs (0.6) - Capex (0.4) (1.3) Acquisition
Slide 9: Prospects
Prospects • New capabilities • Mongoose • Ethology • Enhanced user experience via touchscreen • Stronger overseas • April Six Singapore • Bray Leino/bigdog Chicago • Accretive acquisition opportunities • Progressive dividend policy 9
Slide 10: the mission
the mission® own ideas