Lbg Media Plc · LSE:LBG
Lbg Media — Merger or Acquisition (October 2023)
13 slides from Lbg Media's merger presentation, Oct 18, 2023
Slide 1: Acquisition of Betches Media, LLC
Pictures/Background to change STEP-CHANGE ACQUISITION LBG MEDIA OUR US AMBITIONS ACCELERATED ACQUISITION OF BETCHES MEDIA, LLC 18TH OCTOBER 2023 1 LBG Media Strategy Update October 2023
Slide 2: The Team
THE TEAM SOLLY RICHARD SOLOMOU JARVIS Founder & CEO CFO 2 LBG Media Strategy Update October 2023
Slide 3: Acquisition Overview
ACQUISITION OVERVIEW ❖ Founded in 2011, US-based digital media content production and publication business, focused on millennial and Gen Z women ❖ Direct content marketing services with large blue-chip clients and significant revenues are long-term, recurring partnerships ❖ Acquisition further dive
Slide 4: Betches: A Step-Change Acquisition
BETCHES: A STEP-CHANGE ACQUISITION $14.6m 28% 27% FY22 ADJUSTED FY22 REVENUE 3-YEAR CAGR TO FY22 EBITDA MARGIN 250m+ ~32m AVERAGE MONTHLY 86% 14% TOTAL FOLLOWERS1 SOCIAL REACH MAJORITY WOMEN WEIGHTED AUDIENCE 4 LBG Media Strategy Update October 2023 1. Followers relates to both social media follower
Slide 5: Betches: Founders & Executive Team
BETCHES: FOUNDERS & EXECUTIVE TEAM Aleen Dreksler Jordana Abraham Samantha Sage CHIEF EXECUTIVE OFFICER & CO-FOUNDER CHIEF INNOVATION OFFICER & CO-FOUNDER CHIEF CREATIVE OFFICER & CO-FOUNDER David Spiegel Rachel Licker Kate Ward CHIEF REVENUE OFFICER CHIEF OPERATING OFFICER CHIEF CONTENT OFFICER 5 L
Slide 6: Delivering Against Our Three Growth Pillars
DELIVERING AGAINST OUR THREE GROWTH PILLARS 01 GEOGRAPHIES GEOGRAPHIES P 02 M&A M&A P 03 CAPABILITIES CAPABILITIES P The acquisition represents a High performing Transforming our capabilities material expansion into the US, complementary business, with increased audience the largest advertising mark
Slide 7: Transaction Summary
TRANSACTION SUMMARY HIGHLY UP TO PAYABLE IN $24M EARNINGS $30m CASH ANNUALLY ACCRETIVE OVER 4 YEAR PERIOD INITIAL CASH FUNDED THROUGH DEFERRED CONTINGENT ON REVENUE CONSIDERATION EXISTING CASH RESERVES CONSIDERATION AND PROFIT TARGETS TOTAL REVENUE1 ADJUSTED EBITDA1 £M LBG Media BETCHES £M LBG Media
Slide 8: Betches: Accelerating Revenue Growth
BETCHES: ACCELERATING REVENUE GROWTH $m BETCHES FY22 REVENUE BY INCOME STREAM 92% DIRECT REVENUE Accelerating Direct revenue growth 44% $14.6M YOY GROWTH VS. FY22 9.7 FY211 REVENUE Building out new capabilities and diversifying revenue streams 28% 2.8 3-YEAR CAGR TO FY221 1.0 0.2 0.9 Direct Direct D
Slide 9: Post Acquisition Implementation
POST ACQUISITION IMPLEMENTATION EARLY STAGES LATER STAGES Focused investment in Enhancing and mirroring BETCHES to drive growth capabilities across UK, US in Direct customers and International markets – and sectors, returning Indirect monetisation, desired margins to LBG Podcast partnerships, Newsle
Slide 10: Summary
SUMMARY v STEP-CHANGE M&A WITH A QUALITY FINANCIAL PROFILE AND CUSTOMER BASE v ACCELERATION INTO THE US MARKET AND EXPANDING OUR AUDIENCE OF WOMEN v MAJOR NEW BRANDS ADDED TO PORTFOLIO AND NEW CAPABILITIES UNLOCKED v HIGHLY EARNINGS ACCRETIVE WITH LONGER TERM SYNERGY OPPORTUNITIES v FUNDED FROM EXIS
Slide 11: Q&A
Q&A 11 LBG Media Strategy M&A October Update 2023 October 2023
Slide 12: Thank You
THANK YOU Contact us: Email: investors@ladbiblegroup.com 12 LBG Media Strategy M&A October Update 2023 October 2023
Slide 13: Disclaimer
DISCLAIMER Certain statements included or incorporated by reference within this presentation may constitute “forward-looking statements” in respect of the Group’s operations, performance, prospects and/or financial condition. Forward-looking statements are sometimes, but not always, identified by th