Slide 1: IVE Group Ltd FY19 H1 Results Presentation
IVE GROUP LTD FY19 H1 RESULTS PRESENTATION ASX: IGL 25th February 2019
Slide 2: Investment program benefits flowing through to earnings
Over the last 2 years IVE has heavily invested in a number of strategic initiatives to enhance our value proposition to customers and to further strengthen our market position. In October 2018 the Group concluded the most significant investment program the sector has seen for many years, a huge vote
Slide 3: Business Overview
Business Overview We enable our clients to communicate more effectively by creating, personalising, managing, producing and distributing content Data Creative Photography / Imagery across multiple channels. Data Analytics Design / Art direction / Copy writing One Customer View IVE has an unparallele
Slide 4: Financial highlights (pro forma)
Financial highlights (pro forma) Realising the returns from our recent investment program $375.6M $43.4M $20.8M Revenue EBITDA NPATA Up 4.5% Up 13.3% Up 7.9% on PCP on PCP on PCP EBITDA Interim Dividend EBIT & NPAT Dividend Growth margin expansion 8.6c 7.5% Per Share on PCP Fully Franked on PCP IVE
Slide 5: Financials
Financials
Slide 6: Profit & Loss
Profit & Loss Statutory Pro Forma (ex restructure & acquisition) H1 FY19 H1 FY19 H1 FY18 Variance Variance $M $M $M $M % • Revenue increase of $16.3M (4.5% increase on PCP) - New customer wins Revenue 375.6 375.6 359.3 16.3 4.5% - Continued success of cross selling to Gross Profit 180.9 180.9 171.2
Slide 7: Net debt and capital expenditure
Net debt and capital expenditure Dec 18 $M Jun 18 $M • Equipment finance borrowings increased as a result of Loans & borrowings - short term 12.5 16.5 the capital expenditure program associated with the further Loans & borrowings - long term 158.9 136.8 expansion of the Group’s personalised communic
Slide 8: Cashflow and dividend
Cashflow and dividend Pro Forma H1 FY19 Stat H1 FY19 $M $M • Operating cash flow was strong reflecting EBITDA achievement EBITDA 43.5 42.6 • Pro forma free cash conversion of 81.5% Movement in NWC/ -8.1 -8.2 • Increase in working capital driven by seasonality non cash items in EBITDA • Interim divid
Slide 9: Appendices
Appendices
Slide 10: Appendix A: Non-IFRS financial information
Appendices Appendix A Non-IFRS financial information In this Results Presentation, certain non-IFRS financial information has also been included to allow investors to understand the underlying performance of IVE. The Directors believe that the results before restructuring and acquisitions costs, and
Slide 11: Appendix B: Statutory balance sheet and NPAT reconciliation
Appendices Appendix B Statutory balance sheet Statutory to pro forma NPAT reconciliation Actual Dec 18 Actual Jun-18 FY19 H1 Actual $M $M $M Current Assets Statutory NPAT 18.4 Cash and cash equivalents 27.2 22.3 Restructure costs 0.8 Trade, prepayments and others 134.0 126.0 Acquisition costs 0.1 In
Slide 12: Appendix C: Disclaimer
Appendices Appendix C Forward looking statements Jurisdiction Disclaimer The information in this presentation is for general information This presentation does not constitute an offer to issue or sell, only. To the extent that certain statements contained in this or solicitation of an offer to buy,