Slide 1: Results for year ended 30 June 2017
For personal use only ASX ANNOUNCEMENT 10 August 2017 Results for year ended 30 June 2017 Enero Group Limited (ASX: EGG) today announced its results for the year ended 30 June 2017. Summary: Net profit after tax to equity holders $1.8m. Capital restrictions released in May 2017 with a special fu
Slide 2: Business operating performance and CEO Share Appreciation Rights
For personal use only significant items and EPS before significant items. These measures are non-IFRS and have not been audited or reviewed. Business operating performance: Net Revenue was down 12% and Operating EBITDA was down 22% on the prior year. The Operating EBITDA margin reduced to 10.4%. Int
Slide 3: FY17 Full Year Results
For personal use only Enero Group Limited FY17 Full Year Results 10 August 2017 Enero Group Limited
Slide 4: Disclaimer
Disclaimer For personal use only This document has been prepared by Enero Group Limited (Enero) and comprises written materials/slides for a presentation concerning Enero. This is not a prospectus, disclosure document or offering document. This document is for information purposes only and does not
Slide 5: Financial highlights summary
Group Financial Performance For personal use only Financial highlights summary • Net revenue down 12% on the prior reporting period (5% decline on a constant currency basis). • Operating EBITDA down 22% on the prior reporting period (12% decline on a constant currency basis). • Currency headwinds pr
Slide 6: Financial highlights summary continued
Group Financial Performance For personal use only Financial highlights summary continued • First acquisition in the Group in over 7 years - Eastwick Communications – a technology focused PR business – significantly strengthening Hotwire’s US presence. Earnings included from October 2016 with an annu
Slide 7: Revenue and Operating EBITDA
Group Financial Performance For personal use only Revenue and Operating EBITDA YEAR ENDED 30 JUNE ($M) 2017 2016 CHANGE NET REVENUE Operating Companies 100.2 113.5 (11.7%) Net Revenue 100.2 113.5 (11.7%) OPERATING EBITDA Operating Companies 16.1 19.9 (19.5%) Support office (5.3) (5.9) (10.1%) Share
Slide 8: Results ratio analysis
Group Financial Performance For personal use only Results ratio analysis YEAR ENDED 30 JUNE ($M) 2017 2016 Net Revenue 100.2 113.5 • A $7.7m reduction in staff costs assisted by currency translation, however unable to Staff costs 71.4 79.1 reduce staff costs to the same ratio as net Staff costs % 71
Slide 9: Revenue By Industry
Group Financial Performance For personal use only Revenue By Industry Energy, Oil & Mining Property & 1% Construction Telecommunications 3% 1% Utilities • Strong mix of clients across market industry 1% Banking, Finance & Health Care and sector groups demonstrates Insurance 5% 7% Information diversi
Slide 10: Operating Performance: Geographical Contribution
Operating Performance For personal use only Geographical Contribution from operating companies Net Revenue Net Revenue FY2017 FY2016 • Geographical contribution to revenue more evenly spread due to increase 19% 14% Australia in USA following completion of 43% 41% UK and Europe Eastwick acquisition a
Slide 11: Operating Performance: Geographical Results
Operating Performance For personal use only Geographical Results from operating companies CONSTANT • Currency impact: stronger YEAR ENDED 30 JUNE ($M) 2017 2016 CHANGE CURRENCY CHANGE Australian dollar negatively impacting reported net revenue NET REVENUE by $8.2m and reported Operating Australia 42
Slide 12: Operating Performance: Australia
Operating Performance For personal use only Australia CONSTANT YEAR ENDED 30 JUNE ($M) 2017 2016 CHANGE CURRENCY CHANGE Net Revenue 42.9 46.0 (6.7%) - Operating EBITDA 7.0 6.6 6.2% - Operating EBITDA margin 16.3% 14.3% 2.0bp - Key highlights: • Small revenue decline year on year however significant
Slide 13: Operating Performance: UK and Europe
Operating Performance For personal use only UK and Europe CONSTANT YEAR ENDED 30 JUNE ($M) 2017 2016 CHANGE CURRENCY CHANGE Net Revenue 38.0 51.2 (25.9%) (12.9%) Operating EBITDA 7.4 11.4 (34.8%) (22.8%) Operating EBITDA margin 19.6% 22.3% (2.7bp) - Key highlights: • Significant impact of Brexit on
Slide 14: Operating Performance: USA
Operating Performance For personal use only USA CONSTANT YEAR ENDED 30 JUNE ($M) 2017 2016 CHANGE CURRENCY CHANGE Net Revenue 19.3 16.3 18.5% 22.6% Operating EBITDA 1.7 1.9 (16.3%) (13.4%) Operating EBITDA margin 8.5% 11.7% (3.2bp) - Key highlights: • Revenue improvement (23% up year on year on cons
Slide 15: Profit & Loss Summary
Group Financial Performance For personal use only Profit & Loss Summary YEAR ENDED 30 JUNE ($M) 2017 2016 Net Revenue 100.2 113.5 Other revenue 0.2 0.2 Staff Costs (71.4) (79.1) Operating Expenses (18.6) (21.4) Operating EBITDA¹ 10.4 13.2 Operating EBITDA Margin 10.4% 11.6% Depreciation & Amortisati
Slide 16: Significant items
Group Financial Performance For personal use only Significant items • Contingent consideration fair value loss represents: YEAR ENDED 30 JUNE ($M) 2017 2016 Contingent consideration fair value loss (2.3) - • Revisions to estimates for future vendor Incidental acquisition costs (0.2) - consideration
Slide 17: Balance Sheet
Group Financial Performance For personal use only Balance Sheet ($M) 30 June 2017 30 June 2016 • Recognised contingent consideration relating Cash 32.5 37.6 to Eastwick Communications acquisition. Refer to slide 16 for analysis. Net Working Capital (2.4) (3.4) Other Assets 2.0 2.2 • Dividend and sha
Slide 18: Contingent consideration
Group Financial Performance For personal use only Contingent consideration ($M) Contingent • Recognised contingent consideration relating Consideration to Eastwick Communications acquisition. Opening 1 July 2016 (at present value) - There is uncertainty around the actual Acquisition 7.8 payments tha
Slide 19: Cash Flow & Working Capital Management
Group Financial Performance For personal use only Cash Flow & Working Capital Management YEAR ENDED 30 JUNE($M) 2017 2016 • Small working capital balance unwind in the Operating EBITDA 10.4 13.2 period however working capital balance (excluding cash) remains comparatively low. Movement in working ca