Slide 1: Results for year ended 30 June 2015
For personal use only ASX ANNOUNCEMENT 10 August 2015 Results for year ended 30 June 2015 Enero Group Limited (ASX: EGG) today announced its results for the year ended 30 June 2015. Summary: Operating EBITDA1 up 2%, net revenue down 8% on prior reporting period. Improved Operating EBITDA margin
Slide 2: FY15 Full Year Results
For personal use only Enero Group Limited FY15 Full Year Results 10 August 2015 Enero Group Limited
Slide 3: Disclaimer
Disclaimer For personal use only This document has been prepared by Enero Group Limited (Enero) and comprises written materials/slides for a presentation concerning Enero. This is not a prospectus, disclosure document or offering document. This document is for information purposes only and does not
Slide 4: Topic / Slide
For personal use only Topic Slide Financials 4 Operational Update 14 PAGE 3 Enero Group Limited
Slide 5: Financial
Financials For personal use only Financial • Operating EBITDA up 2% on the prior reporting period. • Net revenue down 8% on the prior reporting period. • EBITDA margin improvement from 7.5% to 8.3% generated by cost base reductions in staff and operating costs. • Strong cash conversion. • Weaker Aus
Slide 6: Revenue and Operating EBITDA
Financials continued For personal use only Revenue and Operating EBITDA YEAR ENDED 30 JUNE ($M) 2015 2014 CHANGE NET REVENUE Operating Companies 110.3 119.5 (7.7%) Net Revenue 110.3 119.5 (7.7%) OPERATING EBITDA Operating Companies 16.3 16.5 (1.2%) Support office (6.0) (6.1) 1.6% Share based payment
Slide 7: Results ratio analysis
Financials continued For personal use only Results ratio analysis YEAR ENDED 30 JUNE ($M) 2015 2014 Net Revenue 110.3 119.5 • Staff costs ratio trending down to 72%. Overall staff costs reduced by 10% in the Staff costs 79.4 88.3 period to offset reduced revenue. Staff costs % 72.0% 73.9% • Operatin
Slide 8: Geographical Contribution from operating companies
Financials continued For personal use only Geographical Contribution from operating companies Net Revenue Net Revenue FY2015 FY2014 • Geographical contribution to revenue remains consistent year on year. USA 11% 12% Australasia continues to require more scale. 49% UK and Europe 51% • Geographical co
Slide 9: Geographical Results from operating companies
Financials continued For personal use only Geographical Results from operating companies YEAR ENDED 30 JUNE ($M) 2015 2014 CHANGE • Australasia: improved Operating NET REVENUE EBITDA notwithstanding decline in Australasia 53.4 60.3 (11.4%) revenues as a result of more settled teams in Australian bus
Slide 10: Revenue By Industry
Financials continued For personal use only Revenue By Industry Property & Telecommunications Energy, Mining & Construction 5% Utilities Banking, Finance & 2% 1% • Strong mix of clients across market industry Insurance 5% and sector groups demonstrates Retailing Health Care 20% diversification of rev
Slide 11: Profit & Loss Summary
Financials continued For personal use only Profit & Loss Summary YEAR ENDED 30 JUNE ($M) 2015 2014 Net Revenue 110.3 119.5 Other revenue 0.2 0.4 Staff Costs (79.4) (88.3) Operating Expenses (21.9) (22.6) Operating EBITDA¹ 9.2 9.0 Operating EBITDA Margin 8.3% 7.5% Depreciation & Amortisation (4.2) (4
Slide 12: Profit and Loss Summary con't
Financials continued For personal use only Profit and Loss Summary con’t Significant items • Non cash accounting loss relating to release of foreign currency translation reserve (FCTR) on deregistration of dormant entities in the Group corporate structure. No impact on ongoing operations. YEAR ENDED
Slide 13: Balance Sheet
Financials continued For personal use only Balance Sheet ($M) 30 Jun 2015 30 Jun 2014 Cash 25.8 22.5 • Contingent deferred consideration liability (Tranche 3A&3B liabilities) of $54.8m not Net Working Capital 0.5 0.5 recognised at 30 June 2015. Target EBITDA Other Assets 2.5 3.5 hurdles to trigger p
Slide 14: Cash Flow & Working Capital Management
Financials continued For personal use only Cash Flow & Working Capital Management YEAR ENDED 30 JUNE ($M) 2015 2014 • Conversion from Operating EBITDA to cash Operating EBITDA 9.2 9.0 remains strong. Movement in Working Capital - 0.9 • No movement in working capital reflecting Restructure costs (1.7
Slide 15: Operational Update
Operational Update For personal use only • Focus on USA market in FY16: • Hotwire Group CEO relocating to New York to drive growth • Appointment of new GM for Hotwire San Francisco office • Naked Communications USA office reset with combined UK/USA management team in place from April 2015 and increa
Slide 16: Operational Update continued
Operational Update continued For personal use only • Public relations businesses Frank PR and Hotwire continue to perform well with consistent new business and strong margins. A number of multi-geographic wins for Hotwire highlights the global reach of the business. • Naked Communications is progres