Slide 1: Results for half year ended 31 December 2017
For personal use only ASX ANNOUNCEMENT 15 February 2018 Results for half year ended 31 December 2017 Enero Group Limited (ASX: EGG) today announced its results for the half year ended 31 December 2017. Summary: Net profit after tax to equity holders $3.8m. Net Revenue down 6.6% however Operating
Slide 2: Business operating performance and Orchard Marketing acquisition
For personal use only Business operating performance: Net Revenue was down 7% however Operating EBITDA was up 16% on the prior year. Excluding the prior reporting period contributions of Naked Communications UK and USA offices which were closed in FY2017, Net Revenue was up 6% and Operating EBITDA w
Slide 3: FY18 Half Year Results
For personal use only Enero Group Limited FY18 Half Year Results 15 February 2018 Enero Group Limited
Slide 4: Disclaimer
Disclaimer For personal use only This document has been prepared by Enero Group Limited (Enero) and comprises written materials/slides for a presentation concerning Enero. This is not a prospectus, disclosure document or offering document. This document is for information purposes only and does not
Slide 5: Financial summary
Group Financial Performance For personal use only Financial summary • Reported Net Revenue down 7% on the prior reporting period (up 6% excluding the impact of closed offices of Naked Communications). • Reported Operating EBITDA up 16% on the prior reporting period (up 20% excluding the impact of cl
Slide 6: Revenue and Operating EBITDA
Group Financial Performance For personal use only Revenue and Operating EBITDA SIX MONTHS ENDED 31 DECEMBER ($M) 2017 2016 CHANGE NET REVENUE Operating Companies 47.8 51.2 (6.6%) Net Revenue 47.8 51.2 (6.6%) OPERATING EBITDA Operating Companies 8.6 7.8 10.3% Support office (2.6) (2.7) 3.7% Share bas
Slide 7: Results ratio analysis
Group Financial Performance For personal use only Results ratio analysis SIX MONTHS ENDED 31 DECEMBER ($M) 2017 2016 Net Revenue 47.8 51.2 • Net revenue contribution from closed offices of Naked Communications in 1HFY17 was $6.0m. Excluding this, revenue was up 6% on prior Staff costs 33.6 36.8 peri
Slide 8: Revenue By Industry
Group Financial Performance For personal use only Revenue By Industry Property & Construction Transportation, Airlines & Automotive Utilities 2% 1% Health Care 2% Energy, Oil & Mining • Strong mix of clients across market industry 1% 4% and sector groups demonstrates Telecommunications 5% diversific
Slide 9: Operating Performance: Geographical Contribution
Operating Performance For personal use only Geographical Contribution from operating companies Net Revenue Net Revenue 1HY2018 1HY2017 • Geographical contribution to revenue consistent year on year. 20% 19% Australia 43% UK and Europe • Geographical contribution to 44% Operating EBITDA reflects impr
Slide 10: Operating Performance: Geographical Results
Operating Performance For personal use only Geographical Results from operating companies SIX MONTHS ENDED 31 DECEMBER CONSTANT • Currency impact: immaterial 2017 2016 CHANGE CURRENCY ($M) CHANGE constant currency change impacts period on period. NET REVENUE Australia 20.9 22.0 (5.0%) (5.0%) • Refer
Slide 11: Operating Performance: Australia
Operating Performance For personal use only Australia CONSTANT SIX MONTHS ENDED 31 DECEMBER 2017 2016 CHANGE CURRENCY ($M) CHANGE Net Revenue 20.9 22.0 (5.0%) - Operating EBITDA 3.7 4.0 (6.6%) - Operating EBITDA margin 18.4% 18.2% 0.2bp - Key highlights: • Small revenue decline year on year leading
Slide 12: Operating Performance: UK and Europe
Operating Performance For personal use only UK and Europe CONSTANT SIX MONTHS ENDED 31 DECEMBER 2017 2016 CHANGE CURRENCY ($M) CHANGE Net Revenue 17.2 19.6 (12.3%) (12.7%) Operating EBITDA 3.5 3.2 9.4% 5.6% Operating EBITDA margin 19.8% 16.3% 3.5bp - Key highlights: • Revenue decline year on year pr
Slide 13: Operating Performance: USA
Operating Performance For personal use only USA CONSTANT SIX MONTHS ENDED 31 DECEMBER 2017 2016 CHANGE CURRENCY ($M) CHANGE Net Revenue 9.7 9.6 1.1% 4.6% Operating EBITDA 1.4 0.6 145.9% 154.3% Operating EBITDA margin 14.4% 6.3% 8.1bp - Key highlights: • Revenue improvement as additional revenue cont
Slide 14: Orchard Marketing Acquisition
Orchard Marketing Acquisition For personal use only • Orchard Marketing is a creative and technology agency with offices in Sydney and New York – orchard.com.au – with a focus on health, wellness and lifestyle sectors • Strengthens the group’s digital offering in both Australian and USA markets and
Slide 15: Profit & Loss Summary
Group Financial Performance For personal use only Profit & Loss Summary SIX MONTHS ENDED 31 DECEMBER ($M) 2017 2016 Net Revenue 47.8 51.2 Other revenue 0.1 0.1 Staff Costs (33.6) (36.8) Operating Expenses (8.6) (9.6) Operating EBITDA¹ 5.7 4.9 Operating EBITDA Margin 11.9% 9.6% Depreciation & Amortis
Slide 16: Balance Sheet
Group Financial Performance For personal use only Balance Sheet ($M) 31 Dec 2017 30 Jun 2017 • Refer to slide 16 for analysis on cash Cash 38.9 32.5 conversion and working capital. Net Working Capital (7.6) (2.4) • Refer to slide 15 for analysis of contingent Other Assets 2.1 2.0 consideration. Fixe
Slide 17: Contingent consideration
Group Financial Performance For personal use only Contingent consideration ($M) Maturity Profile Contingent ($M) Consideration FY 2018 - Opening 1 July 2017 (at present value) 10.1 FY 2019 - FX revaluations/present value interest 0.1 FY 2020 4.8 Payments (4.5) FY 2021 0.9 Balance 31 December 2017 (a
Slide 18: Cash Flow & Working Capital Management
Group Financial Performance For personal use only Cash Flow & Working Capital Management SIX MONTHS ENDED 31 DECEMBER ($M) 2017 2016 • Material increase in cash balance at reporting Operating EBITDA 5.7 4.9 date due to large customer payments just prior to 31 December 2017 also resulting in Movement