North Media A/S · OMXCOP:NORTHM
North Media A/S — Q1 2022 Earnings Presentation
13 slides from North Media A/S's earnings presentation, May 2, 2022
Slide 1: Q1 2022 report and outlook for 2022
May 2022 Lasse Brodt Group CEO North Media A/S Q1 2022 report and Kåre Wigh outlook for 2022 Group CFO
Slide 2: Q1 results as expected
Q1 results as expected Group revenue (DKKm) 285,6 242,7 258,9 246,4 248,2 Revenue up 2% • 20% growth in Digital Services; Last Mile down 0.5% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 EBIT decreased DKK 16 million YoY EBIT (DKKm) • Higher distribution and packaging costs in Last Mile • Effect of scali
Slide 3: FK Distribution
FK Distribution Household distribution of Stable top-line; accelerated cost inflation retail leaflets and local newspapers in Denmark. Digital offer platform. • Revenue decreased 0.5% • Leaflet volumes down 2% • Increasing interest for leaflets amid higher consumer prices • Significant cost increase
Slide 4: BoligPortal
BoligPortal All-time high quarterly revenue • 11% growth, driven by partner products and Data Insight • Higher income from Danish landlords • Modulation of Data Insight to fast-track market uptake • Margins softened by Boligmanager; integration on track Outlook for 2022 unchanged Revenue, growth and
Slide 5: Ofir
Ofir All-time high quarterly revenue • Revenue up 47%; 54% growth in core business • Agreement to handle all job ads from large private company • Record-number of job ads in March • Earnings up, despite higher costs to business development Outlook for 2022 unchanged Revenue, growth and EBIT margin •
Slide 6: Bekey
Bekey Digital access solutions to stairwells and private homes, based on proprietary technology platform. Focus on commercial breakthrough in new segments • Revenue up 12%, driven by “Municipality” installations • Recurring service and license revenue grew by 2% • Important new customer added in “Pr
Slide 7: Lead Supply
Lead Supply All-time high quarterly results • 83% revenue growth on higher volumes and better prices • Broad-based progress across markets • Increased benefits for users and customers • Strengthening of organisational capabilities Key figures for Lead Supply Outlook 2022 Q1 2022 Q1 2021 FY 2021 • En
Slide 8: 2022 outlook unchanged
2022 outlook unchanged Group guidance Last Mile (DKKm) Lower operating profit due to higher operating and distribution costs Revenue (DKKm) (DKKm) 2022 outlook Realised 2021 1,010 - 1,045 Realised 2021: 1,034 Revenue 850 - 870 889 Realised 2020: 1,045 EBIT 190 - 210 249 EBIT (DKKm) 190 - 220 Digital
Slide 9: New Executive Board and management structure
New Executive Board and management structure • Group Management with stronger execution power • More homogeneous strategic focus on volume, quality, growth and value creation • Group-wide strategic HR Lasse Ingemann Brodt, Group CEO • Stronger coherence across the Group • Streamlined governance • Re
Slide 10: Questions?
Questions? Thank you for your attention IR contact: CFO Kåre Stausø Wigh T: (+45) 3957 7000 E: kw@northmedia.dk M: (+45) 2565 2145 10 May 2022 Presentation of Q1 report 2022
Slide 11: Group financial highlights
Group financial highlights Financial results (DKKm) Q1-2022 Q1-2021 Revenue 248.2 242.7 Revenue growth - Last Mile 207.7 208.8 +2% - Digital Services 40.5 33.9 Operating profit (EBIT) 48.2 64.2 EBIT margin 19.4% (26.5%) - Last Mile 47.5 61.5 - Digital Services 2.6 5.3 - Unallocated costs -1.9 -2.6 R
Slide 12: Ambitions for 2023-24
Ambitions for 2023-24 Indexed revenue performance (2021=100) 164 2023-24 ambitions for the Group 136 Revenue 116 100 100 100 97 100 97 103 97 107 • ~3% annual organic growth • Stable revenue in Last Mile • ~20% growth p.a. in Digital Services 2021 2022G Last Mile 2023A Digital Services Group 2024A E
Slide 13: Value generation
Value generation EBIT (DKKm) Net profit excluding return on securities (DKKm) 240,2 244,4 193,1 186,0 170,0 110,1 -0.5 94,0 51,7 0,9 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Capital resources (DKKm) Total payout to shareholders (net, DKKm) 882,8 738,9 29,2 484,7 90,7 19,4 327,2 71,8 281,1 5