Slide 1: Interim Results Half Year Ended June 30th 2023
INTERIM RESULTS HALF YEAR ENDED JUNE 30TH 2023 20TH SEPTEMBER 2023
Slide 2: The Team
THE TEAM SOLLY RICHARD SOLOMOU JARVIS Founder & CEO CFO 2 LBG Media Half Year Results 2023
Slide 3: HY 2023 Summary
HY 2023 SUMMARY £27.2m £3.0m £32.7m REVENUE ADJUSTED CASH +10% YoY EBITDA +15% YoY +84% YoY 67.1bn 410m 29% CONTENT GLOBAL BRIEF VIEWS1 AUDIENCE2 CONVERSION +87% YoY +33% YoY HY 2022: 18% 1: Content views is total views across all social platforms and websites 2: Global audience includes social foll
Slide 4: Huge youth audience, social first, first mover advantage
Huge youth audience Social first First mover advantage 4 LBG Media Half Full Year Year Results 2022 2023
Slide 5: LBG Media Half Year Results 2023
5 LBG Media Half Year Results 2023
Slide 6: Progress Against Our Three Growth Pillars
PROGRESS AGAINST OUR THREE GROWTH PILLARS 01 GEOGRAPHIES 02 M&A 03 CAPABILITIES No.1 media publisher Global audience growth of 33% YoY, Key area of focus for the on TikTok +66% to 410m, with a multi-platform business with number of followers global audience1 opportunities identified Instagram +18% f
Slide 7: US Opportunity Momentum
US OPPORTUNITY MOMENTUM v THE US IS THE WORLDS LARGEST ADVERTISING MARKET v OVER THE LAST 12M WE HAVE BEEN BUILDING OUT OUR US OPERATIONS v ACHIEVED A NUMBER OF NEW NAME SALES, SUCH AS PEACOCK AND HULU v GOOD MOMENTUM WITH CLIENTS AND A STRONG PIPELINE OF OPPORTUNITIES 7 LBG Media Half Year Results
Slide 8: Unrivalled Engagement vs Competitors
UNRIVALLED ENGAGEMENT VS COMPETITORS FACEBOOK FOLLOWERS1 ENGAGEMENTS2 VIDEO VIEWS2 511m 1,200m 59,900m 381m 200m +128% 5,600m +106% YoY Growth YoY Growth 242m +26% 84m 2,800m YoY Growth 96m 75m 2,800m 89m 62m 2,500m 81m 7m 385m 81m 3m 95m 38m 3m 38m 16m 0m 9m 15m 0m 6m 5m 0m 1m 1m 0m 1m 1 Source: Cr
Slide 9: Continuing to Take Our Social Responsibility Seriously
CONTINUING TO TAKE OUR SOCIAL RESPONSIBILITY SERIOUSLY MAAATE / HAVE A WORD CAMPAIGN OFFICIAL MEDIA PARTNER FOR MAYOR OF LONDON 82% 35% WOMEN RECEIVED MEN HAVE CALLED OUT CASUAL SEXISM MATES FOR IT 85% +11% WOMEN VICTIM OF YOUNG MEN MORE LIKELY TO SEXUAL HARRASSMENT TAKE ACTION AS A RESULT We create
Slide 10: Richard Jarvis, CFO
RICHARD JARVIS CFO 10 LBG Media Half Year Results 2023
Slide 11: Monetisation: Routes to Market
MONETISATION: ROUTES TO MARKET DIRECT CLIENT CONTENT CREATIVE PRODUCTION MEASURE BRIEF DELIVERY 42% OF GROUP REVENUE INDIRECT AD SERVED SOCIAL REVENUE BRAND WITHIN MEDIA SHARED WITH 56% CLIENT PLATFORM PUBLISHER PUBLISHER OF GROUP CONTENT REVENUE 45% 55% PLATFORM AD REVENUE SHARE 11 LBG Media Half Y
Slide 12: Continued Revenue Growth
CONTINUED REVENUE GROWTH TOTAL REVENUE DIVERSIFIED REVENUE STREAMS £m £m 0.5 0.6 0.4 15.3 13.1 13.6 27.2 0.5 23.0 24.8 0.3 6.2 5.3 12.5 9.9 9.5 10.6 11.4 5.6 4.3 HY 2019 HY 2020 HY 2021 HY 2022 HY 2023 HY 2019 HY 2020 HY 2021 HY 2022 HY 2023 Direct Indirect Other 10% 22% Direct +9% Indirect +13% YoY
Slide 13: Costs
COSTS MANAGEMENT OF COSTS1 COST SPLIT HY23 £m 57% Payroll 22% Content & production 23.2 24.1 21% Overheads 15.1 10.8 10.7 HY 2019 HY 2020 HY 2021 HY 2022 HY 2023 HY 2023 COSTS HY22 • Payroll: £13.6m, +£0.3m YoY (+2%) – strong cost 57% Payroll management following restructuring 19% Content & producti
Slide 14: Adjusted EBITDA and Revenue Seasonality
ADJUSTED EBITDA AND REVENUE SEASONALITY ADJUSTED EBITDA SEASONALITY £m FY23 Consensus1 61% 61% 58% 7.3 57% 67% 3.0 39% 1.6 1.6 39% (0.7) 42% 43% 33% HY 2019 HY 2020 HY 2021 HY 2022 HY 2023 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023E H1 Revenue H2 Revenue £3.0m 11% Our revenues are more significantly we
Slide 15: Guidance
GUIDANCE v POSITIVE MOMENTUM ACROSS KEY METRICS; TOTAL AUDIENCE; CONTENT VIEWS AND BRIEF CONVERSION v EXPECT TRADITIONAL SEASONALITY TO IMPACT WEIGHTING OF REVENUE & ADJUSTED EBITDA IN H2 v OUTLOOK FOR THE FULL YEAR REMAINS IN LINE WITH MARKET EXPECTATIONS1 15 LBG Media Half Year Results 2023 1. Ext
Slide 16: Solly Solomou, CEO
SOLLY SOLOMOU CEO 16 LBG Media Half Year Results 2023
Slide 17: Strategy for H2 and Beyond
STRATEGY FOR H2 AND BEYOND 101GEOGRAPHIES GEOGRAPHIES 02 M&A 03 CAPABILITIES Focused on delivering strong Clear pipeline with Continuing to build out our growth in UK market, as well as opportunities to help the capabilities and audiences for our overseas, both organically and via Group scale up… wo
Slide 18: Summary
SUMMARY v H1 2023 REVENUE +10% TO £27.2M AND ADJUSTED EBITDA +84% TO £3.0M v INCREASED GLOBAL AUDIENCE BY FURTHER 33%, TO 410M v 67.1BN CONTENT VIEWS, UP 87% ON H1 2022 v ORDER BOOK INCREASED YOY; GOOD MOMENTUM v SUPPORT FOR SOCIALLY RESPONSIBLE CAMPAIGNS SUCH AS TURKEY / SYRIA EARTHQUAKE APPEAL, ‘I
Slide 19: Q&A
Q&A 19 LBG Media Half Year Results 2023
Slide 20: Appendices
APPENDICES 20 LBG Media Half Year Results 2023
Slide 21: Profit & Loss
PROFIT & LOSS HISTORICAL FINANCIAL PERFORMANCE H1 June 2022 Y/e Dec 2022 H1 June 2023 £’000 £’000 £’000 Revenue 24,763 62,809 27,247 Net operating expenses (26,577) (55,792) (28,499) Expected credit loss reversal - 467 - Operating Profit/(loss) (1,814) 7,466 (1,252) Analysed as Adjusted EBITDA 1,637
Slide 22: Balance Sheet
BALANCE SHEET HISTORICALHistorical FINANCIAL PERFORMANCE Financial Performance (audited) June 2022 Dec 2022 June 2023 H1 Interims (unaudited) £’000 £’000 £’000 Goodwill & other intangibles 15,374 15,436 15,707 Property, plant & equipment 4,038 3,670 3,203 Investment in JV 314 359 443 Deferred tax as
Slide 23: Cashflow
CASHFLOW HISTORICAL FINANCIAL PERFORMANCE H1 Interims (unaudited) H1 Jun 2022 Y/e Dec 2022 H1 June 2023 £’000 £’000 £’000 Cash flows from operating activities Cash (used)/generated from operations (2,900) 1,295 5,486 Tax (paid)/received (803) (2,693) (192) Net cash (used)/generated from operating (3
Slide 24: Thank You
THANK YOU Contact us: Email: investors@ladbiblegroup.com 24 LBG Media Half Year Results 2023