Audioboom Group Plc · LSE:BOOM
Audioboom — Q4 2024 Earnings Presentation
20 slides from Audioboom's earnings presentation, January 2025
Slide 1: Investor Update
Investor Update January 2025 AUDIOBOOM.COM
Slide 2: Stuart Last and Brad Clarke
STUART LAST BRAD CLARKE CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER 1
Slide 3: 2024 Executive Summary
2024 Executive Summary 4th beat of adjusted EBITDA market expectation Business model delivered >10% adjusted EBITDA margin in Q4 Revenue growth ahead of industry – capturing market share Showcase booming Industry leading monetisation engine Key renewals and new signings setting up positi
Slide 4: 1. Podcast Market & Business Model
1. PODCAST MARKET & BUSINESS MODEL 3
Slide 5: Business Model
Business Model AUDIOBOOM POWERS PODCASTING OUR TECHNOLOGY PLATFORM CONNECTS ADVERTISERS WITH CONTENT, AND DISTRIBUTES TO AUDIENCES GLOBALLY AUDIENCE CREATORS ADVERTISERS 4
Slide 6: The Model Delivers Growth
The Model Delivers Growth AUDIOBOOM REVENUE (US$M) AND GROWTH OPPORTUNITY 215 Industry 22% Audioboom CAGR 38% CAGR 74.9 73.4 80 60.3 65 22.3 26.8 6.1 11.7 2017 2018 2019 2020 2021 2022 2023 2024 2025E 2030 CONSISTENT TRACK RECORD FUTURE OPPORTUNITY 1,200% growth since 2017 $215m+ revenue opportu
Slide 7: The Leading Independent Podcast Platform
The Leading Independent Podcast Platform 4TH LARGEST PUBLISHER IN THE US TRITON DIGITAL GLOBAL LEADER UNITED KINGDOM: 2nd AUSTRALIA: 4th CANADA: 4th NEW ZEALAND: 2nd LATIN AMERICA: 9th 6
Slide 8: 2. Performance Update
2. PERFORMANCE UPDATE 7
Slide 9: 2024 Performance Overview
2024 Performance Overview $73.4M $3.4M 2024 REVENUE 2024 ADJ. EBITDA Up 13% vs 2023 $3.8m increase in adj EBITDA (Vs. $0.4m adj Growth 8% ahead of EBITDA loss in 2023) industry projections, capturing market share Beat market expectation Advertising market of $3.1m returned to good health f
Slide 10: Q4 2024 Performance Overview
Q4 2024 Performance Overview $20.5M $2.1M Q4 2024 REVENUE Q4 2024 ADJ. EBITDA Up 7% vs Q4 2023 EBITDA margin over 10% - model can gear Second highest ever quarter for revenue Up $1.6m on Q4 2023 5th successive quarter of Gross margin year-on-year revenue improvements through growth follo
Slide 11: Key Performance Indicators
Key Performance Indicators GLOBAL DOWNLOADS - monthly (M) RPM ($ per 1,000 downloads) BRAND COUNT 126 125 127 $76 9,497 113 8,406 8,257 108 $66 110 110 8,042 99 7,960 7,839 92 97 $59 $60 95 91 87 81 $56 $56 6,498 77 APPLE’S $51 $51 $52 5,944 73 iOS17 UPDATE 5,638 63 $43 $41 $41 $37 $38 4,045 GLOBAL
Slide 12: Showcase – Global Advertising Marketplace
Showcase – Global Advertising Marketplace SHOWCASE BLUE-CHIP BRAND ADVERTISING CREATOR CONTENT & AD-TECH PLATFORM AD INVENTORY REAL-TIME SUPPLY & DEMAND MATCHING PROGRAMMATIC BUYING AUDIENCE TARGETTING ECOSYSTEM $23.1M 30% 4 BILLION 2024 REVENUE PRICING INCREASE ADS SOLD UP 56% VS. 2023 VS. Q4 2023
Slide 13: Showcase - Focus On Quality of Revenue
Showcase - Focus On Quality of Revenue AUDIOBOOM REVENUE CONTRIBUTION AND GROSS MARGIN 2021 71% 18% 11% 2024 54% 14% 32% GROSS MARGIN Premium Sonic Showcase 20% 15% 31% INVENTORY GROWTH AD TECH DEMAND-SIDE INVESTMENT 4 minutes of ads per hour TAP – new Triton Further investment in UK (up from
Slide 14: Revenue, Gross Margin and MG Analysis
Revenue, Gross Margin and MG Analysis REVENUE ($M) 6 50% Gross Profit ($M) Gross Margin (%) 20.5 45% 19.2 18.8 4.8 17.1 17 40% 3.8 35% 14 4 30% 3 2.8 2.7 25% 24% 20% 2 20% 18% 15% 16% 14% 10% 0.5 5% 0 3% 0% Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q4 2024: • $1.3m / 7%
Slide 15: Opex and Adjusted EBITDA
Opex and Adjusted EBITDA OPEX ($M) ADJ EBITDA ($M) 2.1 1.5 1 2.7 2.8 2.8 2.8 2.6 2.4 0.2 0.2 0.1 -0.5 -2 -2.5 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 • Revenue growth + constantly reducing MG exposure = increasing gross margin + consistent, well controlled opex = EBIT
Slide 16: Cash and Debtors
Cash and Debtors Cash ($M) Bad Debt Write Off ($000) Debtor Days 227 3.9 3.7 3.5 141 3.3 3 3.1 91 94 52 81 82 68 2021 2022 2023 2024 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 • Efficiency in working capital cycle continues; • $71m collected in 2024, 97% of revenue booked • $52k of Bad Debt provided / writ
Slide 17: 3. Operational Focus
3. OPERATIONAL FOCUS 16
Slide 18: 2025 Revenue and Adjusted EBITDA Expectations
2025 $80.0 MILLION REVENUE(3) UPFRONTS TIER 1 $54M+ SHOWCASE SHOW TECH PRICING SHOW BOOKED EXPANSION RENEWALS INVESTMENT +17% SIGNINGS $4.5M adj EBITDA(3) REDUCTION IN SHOWCASE MINIMUM STABLE OPEX GROSS MARGIN GUARANTEE OBLIGATIONS 17 (3) 2025 market expectations set by Audioboom research analysis p
Slide 19: Q&A
«B Audioboom Q&A
Slide 20: Contact Us
CONTACT US Stuart Last Chief Executive Officer stuart@audioboom.com Brad Clarke Chief Financial Officer brad@audioboom.com