North Media A/s · OMXCOP:NORTHM
North Media A/s — Q2 2024 Earnings Presentation
20 slides from North Media A/s's earnings presentation, Aug 16, 2024
Slide 1: Interim report 2024
Interim 16/08/2024 report 2024
Slide 2: Today's presenter
Today’s presenter Disclaimer This presentation and related comments contains statements about the future, including expectations for Kåre Wigh 2024, which are inherently subject to risks and uncertainties that could cause actual results to differ Group CFO materially from those expected. Q2 2024 Inv
Slide 3: Agenda
Agenda In the spotlight: Last Mile 1. Group financial highlights 2. Business highlights 3. Spotlight: Last Mile Introduction of 4 Full-year 2024 outlook technologies to sort, pack and distribute leaflets to Swedish market Q2 2024 Investor presentation 16 August 2024 3
Slide 4: Group financial highlights Q2 2024
Group financial highlights Q1 2024 Revenue, DKKm EBITDA, DKKm EBITDA margin, % Cash flow, DKKm -5 351 58 16.4 (2023: 28) (2023: 238) (2023: 44) (2023: 18.4) Q2 2024 Investor presentation 16 August 2024 4
Slide 5: Group financial highlights H1 2024
Group financial highlights H1 2024 Revenue, DKKm EBITDA, DKKm EBITDA margin, % Cash flow, DKKm -13 678 97 14.3 (2023: 81) (2023: 478) (2023: 94) (2023: 19.7) Capital resources, DKKm 1,012 (2023: 941) Q2 2024 Investor presentation 16 August 2024 5
Slide 6: Business highlights Q2 2024
Business highlights Q2 2024 Digital Services 12% Q2 revenue Last Mile Last mile DKK 351 88% million Digital services Q2 EBITDA Last Mile Digital Services 0% DKK 58 100% million Q2 2024 Investor presentation 16 August 2024 6
Slide 7: Last mile: Satisfactory Q2 performance
Last mile Revenue Satisfactory Q2 DKKm 250 performance 200 150 100 50 • Integration on track 0 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 • FK Distribution 4% revenue increase positively FK Distribution SDR impacted by higher volume trend and local EBITDA newspaper revenue decline lower than expected DKKm % 60 3
Slide 8: Digital services: Q2 performance as expected
Digital services Revenue Q2 performance as DKKm 30 expected 25 20 15 10 5 • Flat revenue development in all businesses 0 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 • BoligPortal mitigated expected lower advertising BoligPortal Ofir Bekey fees by increased revenue from tenants and new EBITDA products. Data Insigh
Slide 9: In the spotlight: Last Mile
In the spotlight Last Mile Introduction of technologies to sort, pack and distribute leaflets to the Swedish market Q2 2024 Investor presentation 16 August 2024 9
Slide 10: Recap: Reasons to acquire SDR
In the spotlight Recap: Reasons to acquire SDR Expansion of distribution business to Scandinavian markets 1 2 3 4 In line with North Consistent with Opportunity to Two businesses with Media’s strategy to ambition to renew capitalise on different value acquire, run and and expand FK PostNord’s 2023 e
Slide 11: From differentiated infrastructure to shared technologies
In the spotlight From …to shared technologies to differentiated sort, pack and distribute infrastructure… leaflets FK Distribution • Thanks to strong inhouse capabilities Global market leader within Swedish data has been incorporated in FK technologies to sort, pack and Distribution’s software in on
Slide 12: Benefits and expected outcome
In the spotlight Benefits and expected outcome • Last Mile efficiency gains and logistical benefits through constant optimisation and adaption of production capacity to volume. • Unified packing process itself has some savings effect, and also allows for new opportunities, such as distribution per h
Slide 13: Full-year outlook 2024 adjusted
Full-year outlook 2024 adjusted DKKm Revenue EBITDA EBIT Comments • Group revenue range is raised, driven Group 1,320-1,365 150-175 75-100 by FK Distribution’s performance in H1 2024. (previously 1.310-1.355) (previously 170-200) (previously 95-125) • Group EBITDA and EBIT are lowered due to increas
Slide 14: Q&A
Q&A Q2 2024 Investor presentation 16 August 2024 14
Slide 15: Thank you for joining
Thank you for joining IR contact Coming events Kåre Wigh HC Andersen 17 September CFO Capital 2024 institutional investor event Økonomisk 25 September Ugebrev 2024 private investor event Webcast 6 November T: (+45) 3957 7000 Interim report 2024 M: (+45) 2565 2145 Q3 2024 E: kw@northmedia.dk Q2 2024
Slide 16: Appendix
Appendix Q2 2024 Investor presentation 16 August 2024 23 May 2024 16
Slide 17: P&L North Media
P&L North Media Financial results (DKKm) Q2 2024 Q2 2023 Q2 2024 YTD Q2 2023 YTD Revenue 351.0 238.4 678.1 478.4 Gross profit 184.7 135.3 342.1 272.7 EBITDA 57.7 43.9 96.9 94.3 Amortisations and depreciations, etc. 16.6 6.8 45.4 13.4 EBIT 41.1 37.1 51.5 80.9 Return on securities 141.3 61.1 296.9 164
Slide 18: Group quarterly revenue
Group quarterly revenue Q2 2024 Investor presentation 16 August 2024 18
Slide 19: Group quarterly EBITDA
Group quarterly EBITDA Q2 2024 Investor presentation 16 August 2024 19
Slide 20: Group quarterly EBIT
Group quarterly EBIT Q2 2024 Investor presentation 16 August 2024 20