Audioboom Group Plc · LSE:BOOM
Audioboom — H1 2019 Earnings Presentation
16 slides from Audioboom's earnings presentation, Jul 18, 2019
Slide 1: H1 2019 Results Summary
1 H1 2019 Results Summary 18 July 2019 th www.audioboom.com
Slide 2: Important notice
Important notice 2 The information contained in this document (the “Corporate Presentation”) has been prepared by Audioboom Group plc (“Audioboom”). Audioboom is a UK company quoted on AIM, a market operated by London Stock Exchange plc. This corporate presentation has not been fully verified and is
Slide 3: Business overview
3 Business overview End to end digital audio technology platform - Create – Store – Distribute – Monetise podcasts - Over 13,500 content channels - Global partners, including: AP, iHeart, & Time Distribution network - Direct integration with leading platforms, such as: - iTunes, Spotify, GooglePlay,
Slide 4: Revenue streams
4 Re v e n u e st r e a m s Host Endorsed Sponsorships Pre Recorded Spot $$$ $$ $ • High value • High value • High volume • High engagement • Medium engagement • Low engagement • Endorsed and delivered by podcast • Sold for entire series • Low value host • Delivered as top and tail • Delivered via a
Slide 5: Distribution and sales
5 D i st r i b u t i o n a n d s a l e s BBroadcasters roadcasters A g Agencies encies B r aBrands nds www.audioboom.com
Slide 6: Competitive landscape
6 Competitive landscape www.audioboom.com 6
Slide 7: Headlines for the six months to June 2019
7 H e a d l i n e s fo r t h e s i x m o n t h s t o 3 0 J u n e 2 0 1 9 Revenue increased by 171% to US$9.8m (H1 2018: US$3.6m) Adjusted EBITDA loss almost halved to US$1.4m (H1 2018: US$2.8m loss) Overall loss materially reduced to US$2.8m (H1 2018: US$5.2m loss) Group cash as at 30 June 2019 US$3
Slide 8: Revenue and EBITDA summary by quarter
8 Re v e n u e a n d E B I T DA s u m m a r y b y q u a r te r *Q4 2018 = 4 month period due to year end change to December 31st • Trend of recording record quarterly revenue continued in 2019 following the step change in Q4 2018 • Encouraging that, on a normalised calendar quarter, revenue in Q1 20
Slide 9: Key performance indicators
9 Ke y p e r fo r m a n c e i n d i c a t o rs • Audioboom will report three main operational Key Performance Indicators externally going forwards. The KPIs focus on the main revenue stream of the Company: Host Endorsed podcast advertising • In June 2019, we sold to 212 Brands, 52 more than December
Slide 10: H1 2019 financial overview
10 H1 2019 financial overview By six month period Full Year % Variances US$m unless specified H1 2019 H2 2018** H1 2018 H2 2017 H1 2017 H2 2016 H1 2016 2018*** 2017 2016 18 vs 17 17 vs 16 Revenue 9.8 8.1 3.5 3.7 2.4 1.4 0.5 11.7 6.1 1.8 92% 235% Gross Profit 2.3 2.3 0.9 1.2 0.6 0.4 0.0 3.2 1.9 0.4 7
Slide 11: Operational cost overview
11 O p e ra t i o n a l c o st o v e r v i e w • Challenges of 2018 focused attention on having heads in correct departments. Back office functions reduced; additional heads placed into revenue generating areas of sales and content production and new staff in Sonic IM • Focus on cost control continu
Slide 12: 2019 strategic focus
12 2 0 1 9 st ra te g i c fo c u s Following an excellent H1 2019, recording record revenue of US$9.8m, and placing and subscriptions totalling £4.3m in 2019, Audioboom will execute the three key strategic areas in the remainder of 2019 and into 2020 Tier 1 Podcast Acquisition Co-Production Audioboo
Slide 13: 2019 Audioboom Originals Launches
13 2019 Audioboom Originals Launches HOST: JODIE SWEETIN HOST: VINNY GUADAGNINO HOST: STEPHANIE OKUPNIAK LAUNCHES: JULY 10TH LAUNCHES: AUGUST LAUNCHES: SEPTEMBER 3RD PARENTING SHOW HOSTED BY JERSEY SHORE’S VINNY G HOSTS DOCUMENTARY SERIES, LOOKING FULLER HOUSE’S JODIE SWEETIN A WELLNESS AND FITNESS
Slide 14: SPV – Guarantee Facility
14 S P V – G u a ra n te e Fa c i l i t y • A new content funding facility was announced on 17th June 2019 • SPV Investments Limited is owned equally by Michael Tobin (Chairman) and Candy Ventures sarl (largest shareholder) • SPV will provide minimum revenue guarantees to certain leading third-party
Slide 15: Summary and outlook
15 Summary and outlook H1 2019 summary 2019 outlook • Triple digit revenue growth that outperforms wider market • Increasing M&A in the sector (e.g. Spotify buying Gimlet, • Adjusted EBITDA materially reduced Parcast and Anchor in 2019) • Continued partnerships with leading podcast talent • Continue
Slide 16: Contact us
16 CONTACT US Rob Proctor Chief Executive Officer rob@audioboom.com Brad Clarke Chief Financial Officer brad@audioboom.com www.audioboom.com