Gtn Ltd. · ASX:GTN
Gtn — H1 2022 Earnings Presentation
20 slides from Gtn's earnings presentation, Feb 24, 2022
Slide 1: GTN Limited 1H22 Results Presentation
GTN Limited 1H22 Results Presentation 24 February 2022
Slide 2: Today's presenters
Today’s presenters Bill Yde (CEO and founder) Scott Cody (CFO and COO) 1
Slide 3: Contents
Contents 01 Overview 3 02 Group financial performance 6 03 Financial performance by operating segment 9 04 Updated outlook for 2H FY2022 14 A Additional financial information 17
Slide 4: Overview
Section 01 Overview
Slide 5: Overview
Overview 1H FY22 results showed 14.5% revenue increase despite the ongoing impact of the COVID-19 pandemic Key Highlights 1H22 revenue increased despite negative impact of ongoing COVID-19 pandemic A$m(2) 1H22 1H21 % Difference Most markets reported revenue increase when compared to 1H FY21 • Cana
Slide 6: GTN's global advertising platform
GTN’s global advertising platform GTN’s global advertising platform is a combination of established, market leading businesses and large new market opportunities ATN CTN UKTN BTN 1H FY2022 Revenue A$m 37.9 14.1 24.1 4.9 1H FY2021 Revenue A$m 30.6 14.2 22.5 3.6 1HFY22 vs 1HFY21 % 24.0% (0.5)% 7.2% 37
Slide 7: Group financial performance
Section 02 Group financial performance
Slide 8: Key drivers of financial performance
Key drivers of financial performance GTN profitability grew strongly due to a 14.5% increase in revenue despite the ongoing impact of COVID-19 pandemic Commentary GTN Group revenue Revenue increase of 14.5% compared to 1H FY21 — Australia revenue increased 24%, far out performing broader Australia
Slide 9: Strong liquidity position
Strong liquidity position Net debt (debt less cash balances) of $7.3 million. Historical balance sheet (31 December 2021 & 30 June 2021) Summary cash flow 31 December 2021 30 June 2021 1H FY22 1H FY21 Current Assets $’000 $’000 $Am Cash and cash equivalents 32,487 49,376 Trade and other receivables
Slide 10: Financial performance by operating segment
Section 03 Financial performance by operating segment
Slide 11: ATN
ATN Revenue increased 24% compared to 1H FY21, out performing Australian radio market by a wide margin ATN revenue performance Commentary ATN revenue increased 24% compared to 1H FY21 — Significantly outperformed the broader Australian radio market — Three consecutive quarters of strong revenue gr
Slide 12: CTN
CTN CTN revenue roughly even with 1H FY21 (-0.5% decrease) CTN revenue performance (AUD) CTN revenue performance (CAD) 14.2 14.1 13.5 13.0 1H21 1H22 1H21 1H22 Commentary CTN revenue roughly same in 1H FY22 as 1H FY21 (less than 1% decrease) CTN KPIs — Revenue decreased only 15% from 1H FY20 to 1H
Slide 13: UKTN
UKTN UKTN achieved solid revenue results with revenue increasing 7% compared to 1H FY21 UKTN revenue performance (AUD) UKTN revenue performance (GBP) 24.1 12.9 22.5 12.4 1H21 1H22 1H21 1H22 UKTN KPIs Commentary UKTN posted solid revenue performance (+7%) in 1H FY22 1H22 1H21 % chg — 1H FY22 revenu
Slide 14: BTN
BTN Brazil achieved largest revenue growth in the Group, posting an increase of 37% when compared to 1H FY21 BTN revenue performance (AUD) BTN revenue performance (BRL) 4.9 19.4 3.6 13.9 1H21 1H22 1H21 1H22 Commentary BTN KPIs Revenue increased 37% compared to 1H FY21 — Brazil is once again the fa
Slide 15: Updated Outlook for 2H FY2022
Section 04 Updated Outlook for 2H FY2022
Slide 16: Capital Management
Capital Management Company conserving cash and reducing debt due to uncertainty surrounding COVID-19 pandemic Additional restrictions under December 2020 amendment to debt facility have been lifted —Financial covenants revert to previous pre-amendment levels —Anticipate that the Group will continu
Slide 17: Outlook
Outlook Revenue growth to date for 3Q FY22 positive but lower than 1H FY22 January 2022 Group revenue increased 5% compared to January 2021 — Despite slowdown in growth rate, continue to increase revenue compared to previous year period February 2022 Group revenue expected to exceed February 202
Slide 18: Appendix A: Additional financial information
Appendix A Additional financial information
Slide 19: Reconciliation of non-IFRS measurements back to IFRS
Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit before income tax ($m) 1 1H FY2022 1H FY2021 Profit before income tax 4.1 0.9 Depreciation and amortisation 5.3 5.5 Finance costs 0.8 0.9 Interest on bank depos
Slide 20: Disclaimer and important information
Disclaimer and important information The information contained in this document is general background information about GTN Limited (ACN 606 841 801) (the “Company”) and its activities as at the date of this document. It is in summary form and does not purport to be complete. It should be read in co