Audioboom Group Plc · LSE:BOOM
Audioboom — H1 2024 Earnings Presentation
18 slides from Audioboom's earnings presentation, July 2024
Slide 1: Investor Update
Investor Update July 2024 AUDIOBOOM.COM
Slide 2: Stuart Last and Brad Clarke, CEO and CFO
STUART LAST BRAD CLARKE CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER 1
Slide 3: 1. Podcast Market & Business Model
1. PODCAST MARKET & BUSINESS MODEL 2
Slide 4: Podcast Industry – Opportunity
Podcast Industry – Opportunity 2023 2030 $4 Billion Projected 22% CAGR $16 Billion Global Revenue Global Revenue DRIVEN BY AUDIENCE AND LISTENING GROWTH 120% 47% 50% 1.2 135m 9 hours billion hours 92m x 6 hours = 552m hours 2019 2023 2019 2023 2019 2023 US PODCAST LISTENERS TIME SPENT LISTENING TOTA
Slide 5: Business Model
Business Model AUDIOBOOM POWERS PODCASTING OUR PLATFORM CONNECTS ADVERTISERS WITH CONTENT, AND DISTRIBUTES TO AUDIENCES GLOBALLY AUDIENCE CREATORS ADVERTISERS 4
Slide 6: The Model Delivers Growth
The Model Delivers Growth AUDIOBOOM REVENUE (US$M) AND GROWTH OPPORTUNITY 260 Industry 22% CAGR Audioboom 44.1% CAGR 74.9 78.8 60.3 65 22.3 26.8 6.1 11.7 2017 2018 2019 2020 2021 2022 2023 2024E 2030 The Audioboom model has consistently delivered revenue growth: 1,200% or 44.1% CAGR between 2017 and
Slide 7: 2. Performance Update
2. PERFORMANCE UPDATE 6
Slide 8: H1 2024 Financial Overview
H1 2024 Financial Overview $34.1M $0.3M $3.5M H1 2024 REVENUE H1 2024 ADJ. EBITDA CASH Up 7% vs H1 2023 Q2 was third successive Up from $3.1m at 31st quarter of adjusted March 2024 Growth in-line with EBITDA profit Interactive Advertising Additional $1.9m overdraft Bureau forecasts Accel
Slide 9: KPI’s – E-CPM
KPI’s – E-CPM E-CPM ($ per 1000 downloads) AVAILABLE ADVERTISING IMPRESSIONS RECORD PERFORMANCE FROM OUR SHOWCASE AD PRODUCT – $60 AD-TECH DRIVEN GLOBAL MARKETPLACE $49$55 $59 $56 $54 $52 37% 27% 40% $51 $51 $56 REVENUE OF GROUP PRICING GROWTH REVENUE INCREASE $43 (VS H1 2023) (21% in H1 2023) (VS Q
Slide 10: KPI’s – Brand Count
KPI’s – Brand Count BRAND COUNT SHOWCASE CONTINUES TO DRIVE CUSTOMER NUMBERS, WHILE BRAND AWARENESS TEAM BRING HIGH VALUE BRANDS 8,406 8,042 8062 7,9607,839 6,498 + - BLUE-CHIP BRANDS WEAKER BRANDS 5,699 5,944 5,638 BRAND AWARENESS TEAM PRICING STRATEGY 4,045 3,634 3,745 = 3,171 40% INCREASE IN SHOW
Slide 11: KPI’s - Downloads
KPI’s - Downloads GLOBAL DOWNLOADS - monthly (M) AUDIOBOOM HAS BEEN MORE RESILIANT TO APPLE IOS17 CHANGES THAN ITS COMPETITORS DOWNLOAD DECREASES HAVE LIMITED REVENUE UPSIDE 126 124 125124127 113 108 110 110 99 95 92 87 81 APPLE’S IOS17 UPDATE 77 MATERIALLY IMPACTS DOWNLOAD SOURCE: Triton Digital Ju
Slide 12: Revenue & Cost Analysis
Revenue & Cost Analysis AUDIOBOOM REVENUE and OPEX 20.5 21 19.5 19.2 STAFF 18.4 TECH 16.9 17.1 17 16 16.4 OTHER 15.4 REVENUE 14 13.2 9.5 2.6 2.8 3.1 3.1 2.6 2.7 2.8 2.6 2.7 2.8 2.1 2.5 2.1 2.4 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2
Slide 13: Working Capital
Working Capital AUDIOBOOM WORKING CAPITAL ANALYSIS Revenue Cash Collected Payments made Cash Held 21 19.5 21.8 19.2 18.4 19.8 19.3 17.1 17 19.1 16.4 18.3 16 18.6 18.618.3 17.6 15.4 17.4 17 17 16.616.5 14 16.9 16.7 16.8 16.3 15.9 14.8 8 8.1 5.8 5.3 5.1 3.3 3.7 3.4 3 3.1 Q1 2022 Q2 2022 Q3 2022 Q4 202
Slide 14: 3. Operational Focus
3. OPERATIONAL FOCUS 13
Slide 15: Future Focus
Future Focus Network Growth; Q2 signings provide 4 million monthly downloads in 2024 Strong new business pipeline with independent shows transitioning to more stable networks No further material impact of iOS17 on download numbers, but continued limiting of performance upside Showcase Expansio
Slide 16: Future Focus
Future Focus 2024 Revenue; Audioboom currently has more than $65m of revenue booked for 2024… up $10m from Q1 2024 trading update Current bookings equal to entire 2023 revenue with 5 months to go Strong Q4 revenue expectation through US elections and US sports seasons Creator Deals; Contract
Slide 17: Q&A
«B Audioboom Q&A
Slide 18: Contact Us
CONTACT US Stuart Last Chief Executive Officer stuart@audioboom.com Brad Clarke Chief Financial Officer brad@audioboom.com