Slide 1: Results for 30 June 2012
For personal use only ASX ANNOUNCEMENT 22 August 2012 Results for 30 June 2012 Enero Group Limited (ASX: EGG) today announced its results for the year ended 30 June 2012 Summary Debt free with a $21.5m cash balance at 30 June 2012 Corporate overhead reductions completed Net revenue, Operating
Slide 2: Results announcement notes and financial position
For personal use only 3. Pro forma excludes the contribution of Field Marketing businesses sold in November 2011, Retail Insight’s point-of- sale business sold in September 2011, BWM sold in August 2012, ISS Marketing sold in June 2012, Image Box sold in May 2012, five digital businesses sold in Dec
Slide 3: Enero Group Limited FY12 Full Year Results
For personal use only Enero Group Limited FY12 Full Year Results 22 August 2012 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: Topic Slide
For personal use only Topic Slide Executive Summary 4 Operational Update 9 Financials 13 PAGE 03 Enero Group Limited
Slide 6: Executive Summary
For personal use only Executive Summary PAGE 04 Enero Group Limited
Slide 7: Executive Summary: Operational
Executive Summary For personal use only Operational • Vision and strategy of group aligned and embraced. • Group Leadership Team established from within the operating brands. • Core focus of Sydney, London and New York with more streamlined structure. • Greater emphasis on tackling the media and tec
Slide 8: Executive Summary cont'd: Financial
Executive Summary cont’d For personal use only Financial • Net revenue, Operating EBITDA and NPAT lower as impact of divestments throughout the year in addition to significant non-recurring items. • On a pro forma basis (continuing business) while net revenue is down 4.5% on prior year, Operating EB
Slide 9: Executive Summary cont'd: Core Portfolio
Executive Summary cont’d For personal use only Core Portfolio • Leading agencies – Naked, TLE, Hotwire, Frank PR and BMF represent 70% of Operating EBITDA. • Divestment and closure of non-core brands and geographies largely completed which provides a more focused and consistent offering within the o
Slide 10: Revenue and Operating EBITDA
Executive Summary cont’d For personal use only Revenue and Operating EBITDA Pro forma results are adjusted for significant restructuring and divestments to allow for review of continuing business. Refer to Appendix on slides 18 and 19 for further details. YEAR ENDED 30 JUNE ($M) 2012 2011 CHANGE Net
Slide 11: Operational Update
For personal use only Operational Update PAGE 09 Enero Group Limited
Slide 12: Operational Update cont'd
Operational Update cont’d For personal use only Operating EBITDA up on prior year performance on a continuing business basis • The Leading Edge showed significant improvement and strong momentum built from New York office and global client wins during the year. • Naked Communications continues to be
Slide 13: Operational Update cont'd
Operational Update cont’d For personal use only • Margin improvement following implementation of corporate overhead reduction program in 2nd half FY12. Full year impact of program to be realised in FY13. Additionally remaining search marketing businesses achieving high margin conversion on revenue.
Slide 14: Geographical Contribution from operating companies
Operational Update cont’d For personal use only Geographical Contribution from operating companies Pro forma Net Revenue Pro forma Net Revenue FY2012 FY2011 9% Australia, NZ 5% Australia, NZ and Asia and Asia UK and 32% UK and 30% Europe Europe 61% 63% North America North America Pro forma Operating
Slide 15: Financials
For personal use only Financials PAGE 13 Enero Group Limited
Slide 16: Profit & Loss Summary
Financials For personal use only Profit & Loss Summary YEAR ENDED 30 JUNE ($M) 2012 2011 Net Revenue 225.2 343.5 Staff Costs (166.5) (234.1) Operating Expenses (37.9) (56.1) Operating EBITDA¹ 20.8 53.3 Operating EBITDA Margin 9.2% 15.5% Depreciation & Amortisation (7.9) (15.4) Net Interest (4.6) (15
Slide 17: Profit and Loss Summary cont'd: Significant items
Financials con’t For personal use only Profit and Loss Summary con’t Significant items • The divestments of the Field Marketing Division, Image Box and ISS Marketing completed during the year crystallised a non-cash loss on sale of $50.2 million. • A review of the carrying value of intangible assets
Slide 18: Balance Sheet & Cash Flow
Financials con’t For personal use only Balance Sheet & Cash Flow ($M) 2012 2011 YEAR ENDED 30 JUNE ($M) 2012 2011 Cash 21.5 18.6 Operating EBITDA 20.8 53.3 Net Working Capital 11.3 24.0 Movement in Working Capital (0.4) (4.6) Net Assets Held for Sale¹ 7.8 - Restructure costs paid (10.4) (4.7) Other
Slide 19: Deferred Consideration Profile
Financials con’t For personal use only Deferred Consideration Profile • Deferred consideration outstanding at August 2012 of $3.1 million – present value of liability of $3.0 million • Tranche 1 – $2.4 million capped cash payments. • Tranche 2 – 0.4 million shares to be released from escrow • Tranch
Slide 20: Appendix: Net Revenue & Operating EBITDA 2012
Appendix For personal use only Net Revenue & Operating EBITDA DIVESTED CLOSED YEAR ENDED 30 JUNE 2012 ($M) 2012 TOTAL 2012 PRO FORMA COMPANIES BUSINESSES Operating Companies 148.6 - - 148.6 Field Marketing 51.1 (51.1) - - Unallocated 25.5 (25.4) (0.1) - Total Net Revenue 225.2 (76.5) (0.1) 148.6 Ope
Slide 21: Appendix: Net Revenue & Operating EBITDA 2011
Appendix For personal use only Net Revenue & Operating EBITDA DIVESTED CLOSED OPTIONS YEAR ENDED 30 JUNE 2011 ($M) 2011 TOTAL 2011 PRO FORMA COMPANIES BUSINESSES REVERSAL Operating Companies 155.6 - - - 155.6 Field Marketing 128.9 (128.9) - - - Unallocated¹ 59.1 (55.4) (3.7) - - Total Net Revenue 34