Mission Group Public Limited Company · LSE:TMG
Mission Group Public — The Mission Group — H1 2012 Earnings Presentation
11 slides from Mission Group Public's earnings presentation, 2012
Slide 1: 2012 interim results
the mission® 2012 interim results together, we are the mission®
Slide 2: Agenda
Agenda • Review of H1 2012 • Financials • Outlook 2
Slide 3: Summary of the period
Summary of the period • Market remains tough • Good new business wins • Strong growth from incumbent Clients • Good financial performance without Census and Royal Mint – Specialist Agencies - ThinkBDW and April-Six - doing well – First contribution from digital specialist Yucca (Oct 2011) • Full-yea
Slide 4: New Business – some examples
New Business – some examples 4
Slide 5: Profit & Loss
Profit & Loss H1 H1 2012 2011 % Turnover 59.9 59.9 -% Operating income ("Revenue") 22.5 19.8 +14% Operating expenses (19.7) (17.2) +15% Pre-exceptional operating profit 2.8 2.7 +4% Margin 12.3% 13.4% Net interest (0.6) (0.9) -29% Pre-exceptional PBT 2.1 1.8 +20% Exceptional items - (0.1) PBT 2.1 1.7
Slide 6: Segmental Split
Segmental Split 2012 2011 % Turnover Branding, Advertising & Digital 27.2 24.9 +10% Media 25.7 28.6 -10% Events & Learning 5.4 5.2 +4% PR 1.5 1.2 + 24% 59.9 59.9 -% Gross Profit Branding, Advertising & Digital 17.1 15.0 +14% Media 2.2 2.2 -% Events & Learning 2.0 1.7 +12% PR 1.3 0.9 + 44% 22.5 19.8
Slide 7: Interest
Interest H1 H1 2012 2011 P&L Bank (0.4) (0.7) Fees (0.2) (0.2) (0.6) (0.9) Cash flow Bank (0.3) (0.7) Fees (0.2) (0.5) (0.5) (1.2) 7
Slide 8: Balance Sheet
Balance Sheet June June Dec 2012 2011 2011 Intangibles 68.5 68.2 68.4 Tangible fixed assets 2.9 2.4 2.7 Working capital 1.4 (0.3) 2.9 Net bank debt (12.3) (13.8) (15.3) Acquisition obligations - - - Total net debt (12.3) (13.8) (15.3) All others (mainly Corp. tax) (1.0) (0.6) (0.8) Net assets 59.5 5
Slide 9: Cash Flow
Cash Flow H1 H1 2012 2011 Pre-exceptional Operating profit 2.8 2.7 Add back depreciation 0.5 0.3 EBITDA 3.3 3.0 Exceptional costs - (0.1) Changes in working capital 1.6 3.9 Net interest (0.5) (1.2) Taxation (0.4) (0.2) Operating cash flows 4.0 5.4 Capex/investments (0.8) (0.8) Debt repayment (3.3) (
Slide 10: Outlook
Outlook • Market – No sign of general improvement – Olympics generally negative • Organic growth opportunities – Structure continuing to evolve and improve – Q4 expected to see rebound from Olympics • Non-organic growth opportunities – Market continues to provide good value acquisition opps – Will c
Slide 11: Thank You. Any Questions?
Thank You. Any Questions? together, we are the mission®