Ooh Media Ltd · ASX:OML
Ooh Media — H1 2018 Earnings Presentation
23 slides from Ooh Media's earnings presentation, Aug 20, 2018
Slide 1: H1 2018 Results Presentation
H1 2018 RESULTS PRESENTATION 20 AUGUST 2018
Slide 2: Highlights
HIGHLIGHTS
Slide 3: Double Digit Revenue and EBITDA Growth
DOUBLE DIGIT REVENUE AND EBITDA GROWTH REVENUE 11.0% UNDERLYING EBITDA 11.5% Revenue NPAT2 11.0% 3.4% $192.0m $9.2m Gross Profit Free cash flow $14.9m 323.2% $87.6m 16.4% Underlying1 EBITDA Statutory EPS2 11.5% 4.2% $37.9m 5.6 cents Total Dividend3 Underlying1 NPATA2 2.2% 12.1% $14.9m Interim 3.5 ce
Slide 4: Key Operational Highlights
KEY OPERATIONAL HIGHLIGHTS 1. Fly and Locate – great performances 1. Management actions delivered strong double digit revenue growth 2. Continued digital revenue growth 2. Digital revenue – delivering 64% of total revenue 3. Continued innovation 3. Launched InFlight in June – with a strong uptake by
Slide 5: Financial Performance
FINANCIAL PERFORMANCE coh! Unmissable
Slide 6: 11.0% Revenue Growth Driven by Portfolio Diversification
4.8% 2.5% 11.0% REVENUE GROWTH DRIVEN 10.8% BY PORTFOLIO DIVERSIFICATION Road 38.7% H1 2018 Retail REVENUE 15.2% BY Fly H1 2018 H1 2017 PRODUCT Change Locate AS % ($m) ($m) New Road 74.4 63.9 16.4% Zealand Other 27.9% Retail 53.6 56.6 (5.2%) • 11.0% revenue growth all organic – no acquisition benefi
Slide 7: 2018 – Investing for Future Growth
2018 – INVESTING FOR FUTURE GROWTH H1 2018 ($m) H1 20171 ($m) Change2 Revenue 192.0 173.0 11.0% • Continued strong revenue growth Cost of media sites and production (104.5) (97.7) 6.9% • Gross profit driven by strong performances across the portfolio Gross profit 87.6 75.3 16.4% • Underlying EBITDA
Slide 8: Strong Financial Position Provides Capacity for Growth
STRONG FINANCIAL POSITION PROVIDES CAPACITY FOR GROWTH 30 June 2018 ($m) 31 Dec 2017 ($m) Change ($m) Cash and cash equivalents 9.5 15.9 (6.4) Trade and other receivables 78.6 81.3 (2.7) • Net debt / Underlying EBITDA ratio of 1.3x, an Other assets 13.9 13.6 0.3 improvement of 0.1x over CY2017 and 0
Slide 9: Strong Improvement in Free Cash Flow + Capex Discipline
STRONG IMPROVEMENT IN FREE CASH FLOW + CAPEX DISCIPLINE H1 2018 H1 2017 Change ($m) ($m) ($m) EBITDA 36.3 31.9 4.5 • Net cash flow from operating activities of $29.1m represents the strongest H1 cash generation in the Net change in working capital and business’s history 8.8 1.0 7.8 non-cash items •
Slide 10: Business Strategy
BUSINESS STRATEGY coh! Unmissable
Slide 11: Strategy to Deliver Sustainable Long-Term Growth
STRATEGY TO DELIVER SUSTAINABLE LONG-TERM GROWTH MOST DIVERSE ACQUISITIONS DELIVER DIGITAL CONVERSION INVEST IN DATA, PORTFOLIO PLATFORMS, AUDIENCE RUNWAY CONTINUES CONTENT AND SYSTEMS AND CONTENT CONTINUING • Broadest audience reach in • Delivering high value • Sites selected for • Exclusive access
Slide 12: Audience Acquisition
AUDIENCE ACQUISITION • Adshel is a major provider of poster and digital advertising faces on street furniture across Australia and New Zealand – Coverage extends to 92% of the Australian population and 87% of the New Zealand population • Adshel brings the following strategic benefits to oOh!: – Adsh
Slide 13: Investment in Future – Resources and Returns
INVESTMENT IN FUTURE – RESOURCES AND RETURNS Investment in people and systems ensures oOh! remains at the forefront of the Out Of Home sector in creating a truly unique platform that delivers the next phase of growth Investment areas • Total opex up by +20.3% ($8.4m) vs H1 2017, and +12.3% vs H2 201
Slide 14: Systems & Operating Platform for the Future – Stage 1 Complete
SYSTEMS & OPERATING PLATFORM FOR THE FUTURE – STAGE 1 COMPLETE SME Marketplace Buyer Audience packages demographics Location proximity and behaviour 14
Slide 15: Continued Innovation
CONTINUED INNOVATION Achievements during H1: • Developed in partnership with Qantas and launched in June – World First Out Of Home and Inflight end-to-end solution that is delivering exceptional results above expectations • World-leading content development recognition with AWOL voted as the Best Co
Slide 16: Outlook
OUTLOOK coh! Unmissable
Slide 17: Outlook
OUTLOOK GUIDANCE MAINTAINED FOR CY18 • The Out Of Home sector is expected to continue its H1 momentum • oOh!media will continue to execute its end to end digital strategy, including the continued roll out of its data analytics platform • Guidance for CY2018 Underlying EBITDA of $94.0 - $99.0m, with
Slide 18: Questions
QUESTIONS coh! Unmissable
Slide 19: Appendix
APPENDIX re 1 \ Unmissable
Slide 20: Financial Information Notice
FINANCIAL INFORMATION NOTICE Glossary oOh!media’s Financial Statements for the half year ended 30 June 2018 are presented in accordance with Australian Accounting Standards. EBIT Earnings before interest and tax oOh!media has also chosen to include certain non-IFRS financial EBITDA Earnings before i
Slide 21: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Important notice and disclaimer This document is a presentation of general background information about the activities of oOh!media Limited (oOh!media or oOh!) current at the date of the presentation, 20 August 2018. The information contained in this presentation is o
Slide 22: A World of Unmissable
A WORLD OF UNMISSABLE BRINGING MORE ENGAGEMENT, TO MORE MOMENTS, IN MORE WAYS.
Slide 23: coh!
coh! Uj e nmissable