Yougov Plc · LSE:YOU
Yougov — H1 FY2013 Earnings Presentation
21 slides from Yougov's earnings presentation, Jan 31, 2013
Slide 1: Interim Results to 31 January 2013
Interim Results to 31 January 2013 Benefits of prior investment coming through
Slide 2: First-Half Summary
Interim Results to 31 January 2013 First-Half Summary Benefits of prior investment coming through A strong first half with solid like-for-like growth Data products and services continue to grow faster than custom Acquisitions continue to contribute significantly Profits improved over first h
Slide 3: Financial Highlights
Interim Results to 31 January 2013 Financial Highlights 6 months to 6 months to % Change 31 Jan 2013 31 Jan 2012 £m £m Revenue 30.1 29.9 1% Adjusted Operating Profit 2.2 2.0 8% Adjusted Profit before Tax 2.6 2.2 16% Adjusted Earnings per Share 2.0p 1.8p 13% Dividend per Share 0.5p *Adjusted operatin
Slide 4: Group Income Statement
Interim Results to 31 January 2013 Group Income Statement 6 months to 6 months to Like-for-like revenue 31 Jan 2013 £m 31 Jan 2012 £m growth of £1.3m Group Revenue 30.1 29.9 Gross profit margin maintained at 75% Cost of sales (7.6) (7.4) Operating expenses Gross Profit 22.5 22.5 reduced by 1%
Slide 5: Balance Sheet
Interim Results to 31 January 2013 Balance Sheet 6 months to 6 months to 31 Jan 2013 31 Jan 2012 Debtor days up from 62 £m £m to 72 days Assets Goodwill 37.8 37.0 Creditor days up to 41 Other intangible assets 8.6 9.7 from 20 days Other non‐current assets 5.2 5.3 51.6 52.0 Working capital Curr
Slide 6: Cash Flow
Interim Results to 31 January 2013 Cash Flow 6 months to 6 months to Cash flow generated from 31 Jan 2013 31 Jan 2012 operations of £2.5m (112% £m £m Cash flows from operating profit conversion) activities Reported operating profit/(loss) 0.2 (0.1) Investing activities of £2.3m Adjustments for:
Slide 7: Delivering the strategy
Interim Results to 31 January 2013 Delivering the strategy Growing our syndicated products suite Expanding our Enhancing geographic our user footprint experience Increasing our custom research Boosting our and product public profile client-base 7
Slide 8: Delivering the strategy: Growing our syndicated products suite
Interim Results to 31 January 2013 Delivering the strategy Growing our syndicated products suite BrandIndex SixthSense SoMA • Global growth rate 26% • Growth rate 16% • Our new social media analysis tool which • Enhancements: • Contract renewal rate of measures what an 72% audience is hearing on soc
Slide 9: Delivering the strategy: Enhancing our user experience
Interim Results to 31 January 2013 Delivering the strategy Enhancing our user experience Opigram is the “Wikipedia of opinion” Users proactively express themselves whenever they like, on whatever topic they like An integral part of our panel engagement strategy Since its launch on the YouGov
Slide 10: Delivering the strategy: Boosting our public profile
Interim Results to 31 January 2013 Delivering the strategy Boosting our public profile Pollster for The Times, The Sunday Times and The Sun Huffington Post partnerships - USA, France YouGov-Cambridge programme Bi-annual conferences Partnerships with The Guardian and The Financial Times Y
Slide 11: Delivering the strategy: Increasing custom research client-base
Interim Results to 31 January 2013 Delivering the strategy Increasing our custom research and product client-base Oil & Gas industry perception project – real-time Major financial campaign services client monitoring Major banking - co-creating new client research - global methodologies to respond to
Slide 12: Delivering the strategy: Expanding our geographic footprint
Interim Results to 31 January 2013 Delivering the strategy Expanding our geographic footprint Omnibus launched in USA BrandIndex extending to China, Brazil and Japan - supported by major client Japan: BrandIndex China: BrandIndex on USA: Omnibus launched our own panel India: building panel and o
Slide 13: Segmental Analysis by Geography - Revenue
Interim Results to 31 January 2013 Segmental Analysis by Geography - Revenue 6 months to 6 months to Change Like-for-like 31 Jan 2013 31 Jan 2012 % Change Revenue Revenue % £m £m UK 7.8 7.7 2% USA 10.8 9.6 12% Middle East 3.1 3.5 (12%) 27% Germany 4.6 5.0 (10%) Nordic 4.1 4.4 (5%) Corporate & Consol
Slide 14: Segmental Analysis by Geography - Operating Profit
Interim Results to 31 January 2013 Segmental Analysis by Geography - Operating Profit 6 months to 6 months to 6 months to 6 months to 31 Jan 2013 31 Jan 2013 31 Jan 2012 31 Jan 2012 Operating Profit Margin Operating Profit Margin £m % £m % UK 1.5 19% 1.5 19% USA 1.6 15% 1.0 10% Middle East 0.6 18% 0
Slide 15: Operational Review – UK
Interim Results to 31 January 2013 Operational Review – UK Growing share of major corporate research budgets Strong sales in first half 6 months 6 months Change to to % Well positioned for planned revenue 31 Jan 31 Jan growth in second half 2013 2012 £m £m Maintained operating margin at 19%
Slide 16: Operational Review – America
Interim Results to 31 January 2013 Operational Review – America Further progress following successful integration of acquisitions Above market growth of 12% 6 months to 6 months to Change 31 Jan 2013 31 Jan 2012 % Data products grew strongly: £m £m BrandIndex up 34% Custom research up 9%: help
Slide 17: Operational Review – Middle East
Interim Results to 31 January 2013 Operational Review – Middle East Locally generated business growing as planned Locally generated revenue up 27% 6 months 6 months Change to to % and profits up 82% - in line with 31 Jan 31 Jan plans 2013 2012 Successful transformation £m £m following ending of
Slide 18: Operational Review – Germany
Interim Results to 31 January 2013 Operational Review – Germany Turnaround continues with significant increase in profitability Positive trend under new 6 months 6 months Change to to % management maintained 31 Jan 31 Jan Profit margins significantly 2013 2012 improved £m £m Gross margins up 4
Slide 19: Operational Review – Nordic
Interim Results to 31 January 2013 Operational Review – Nordic Programme in place to improve performance Difficult trading conditions in 6 months 6 months Change to to % Sweden 31 Jan 31 Jan Denmark revenue up 8% 2013 2012 (above market) £m £m Regional revenue static in local currency; 5% down
Slide 20: Operational Review – France
Interim Results to 31 January 2013 Operational Review – France Panel growing with early customer wins Unit established October 2011 Performing in line with expectations Focussing on BrandIndex and Omnibus offerings BrandIndex sold to 7 clients New clients include KFC and a French car manuf
Slide 21: Group Outlook
Interim Results to 31 January 2013 Group Outlook The world of market research is having to respond to the explosion of online activity and the data it generates Clients are demanding more granular and actionable information to adapt to their fast-moving markets In the second half, we will be b