Yougov Plc · LSE:YOU
Yougov — H1 2012 Earnings Presentation
22 slides from Yougov's earnings presentation, Apr 2, 2012
Slide 1: YouGov plc: Outperforming the market in all geographies
YouGov plc Outperforming the market in all geographies Interim Results to 31 January 2012
Slide 2: Outperforming the market
Interim Results for the half-year ended 31 January 2012 Outperforming the market Group – maintaining revenue growth well ahead of the overall research market USA – continuing strong revenue growth of 35% (15% organic) UK – revenue growth of 21% with new SixthSense reports business doubling G
Slide 3: Financial Overview
Interim Results for the half-year ended 31 January 2012 Financial Overview Organic revenue growth of 12% Adjusted operating profit of £2.0m (2011: £2.2m) Investment of £0.7m in teams to support new product and geographical expansion Adjusted profit before tax of £2.2m (2011: £2.3m) Adjuste
Slide 4: Segmental Analysis - Revenue
Interim Results for the half-year ended 31 January 2012 Segmental Analysis - Revenue H2 2012 H1 2011 Organic Change Revenue Revenue Change* % £m £m % UK 7.7 6.4 21% America 9.6 7.1 35% 15% Middle East 3.5 3.7 (4%) Germany 5.0 6.4 (21%) 9% Nordic 4.4 3.9 13% Corporate & Consol. Adjs. (0.3) (0.5) Grou
Slide 5: Segmental Analysis – Operating Profit
Interim Results for the half-year ended 31 January 2012 Segmental Analysis – Operating Profit H1 2012 H1 2012 H1 2011 H1 2011 Operating Profit Margin Operating Profit Margin £m % £m % UK 1.5 19 1.3 20 America 1.0 10 1.0 14 Middle East 0.9 24 0.8 22 Germany 0.1 1 0.2 3 Nordics 0.3 6 0.1 4 Corporate &
Slide 6: Group Income Statement
Interim Results for the half-year ended 31 January 2012 Group Income Statement H1 2012 H1 2011 £m £m Revenue growth of £3m Group Revenue 29.9 27.0 Gross margin maintained Cost of sales (7.4) (6.6) Operating expenses increase includes Gross Profit 22.5 20.4 investment of £0.7m Operating margi
Slide 7: Balance Sheet
Interim Results for the half-year ended 31 January 2012 Balance Sheet At 31 Jan 2012 At 31 Jan 2011 £m £m Non-Current Assets Goodwill 37.0 36.1 Other intangible assets 9.7 11.4 Debtor days Other non-current assets 5.3 5.3 down 14 at 62 52.0 52.8 Current Assets days Trade and other receivables 15.9
Slide 8: Cash Flow
Interim Results for the half-year ended 31 January 2012 Cash Flow 6 months to 31 Jan 2012 6 months to 31 Jan 2011 £m £m Cash flows from operating Cash flow generated from activities operations of £3.3m (160% Reported operating loss (0.1) (0.2) profit conversion) Adjustments for: Non cash movements
Slide 9: Operational Review – UK
Interim Results for the half-year ended 31 January 2012 Operational Review – UK Overall growth well ahead of market Half-year Half-year Custom research up 20% - due to to to Change 31 Jan 31 Jan international projects 2012 2011 Omnibus revenues up 15% £m £m % BrandIndex revenue up 15% - now
Slide 10: Operational Review – US
Interim Results for the half-year ended 31 January 2012 Operational Review – US Half-year Half-year to to Change Organic growth of 15% 31 Jan 31 Jan Harrison up 15% - met second 2012 2011 £m £m % EBITDA earn-out threshold BrandIndex revenue doubled Revenue 9.6 7.1 35 Definitive Insights reve
Slide 11: Operational Review – Middle East
Interim Results for the half-year ended 31 January 2012 Operational Review – Middle East Half-year Half-year to to Change Historic Iraq contract ended as 31 Jan 31 Jan expected in December 2011 2012 2011 £m £m % Locally generated revenue up 26% - in line with planned transition Online data ser
Slide 12: Operational Review – Germany
Interim Results for the half-year ended 31 January 2012 Operational Review – Germany Half-year Half-year Organic to to Change* Turnaround progressing well under 31 Jan 31 Jan new CEO, who started September 2012 2011* 2011 £m £m % Underlying growth re-established Online products continued to gr
Slide 13: Operational Review – Nordic
Interim Results for the half-year ended 31 January 2012 Operational Review – Nordic Half-year Half-year to to Change Good momentum continues with 31 Jan 31 Jan market share gains 2012 2011 £m £m % Brand profile growing in the region Denmark still strongest territory Revenue 4.4 3.9 13 Syndic
Slide 14: Progress with Strategy
Interim Results for the half-year ended 31 January 2012 # Progress with Strategy Expanding our geographic footprint Enhancing our user experience and public profile Further increasing our custom research client base Growing our syndicated products suite Innovating with pioneering digital p
Slide 15: Geographic Growth
Interim Results for the half-year ended 31 January 2012 Geographic Growth YouGov France established in October 2011 Paris office - located downtown, near the Opera Panel of 62,000 as at 31 January 2012, growing Currently selling BrandIndex and Omnibus 15
Slide 16: Key YouGov Products
Interim Results for the half-year ended 31 January 2012 Key YouGov Products YouGov BrandIndex2 The fastest-growing part of our business - be enlarged with more levels of data.1,000 brands tracked daily, in-depth (US, UK, Germany, Middle East, Nordics, France) YouGov Omnibus Omnibus offers client
Slide 17: SoMA
Interim Results for the half-year ended 31 January 2012 SoMA 17
Slide 18: YouGov Executive Dashboard
Interim Results for the half-year ended 31 January 2012 YouGov Executive Dashboard 18
Slide 19: YouGov Investment Sector Data
Interim Results for the half-year ended 31 January 2012 YouGov Investment Sector Data 19
Slide 20: Group Outlook
Interim Results for the half-year ended 31 January 2012 Group Outlook Trading across the Group remains in line with expectations Ongoing benefits from our investment programme Further innovations about to be launched YouGov Executive Dashboard, April 2012 YouGov SoMA (Social Media Analysis
Slide 21: Appendix
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Slide 22: Our Global Management Team
Interim Results for the half-year ended 31 January 2012 Our Global Management Team CEO Stephan Shakespeare President COO CFO CIO America EMEA Alan Newman Doss Struse Tim Britton Doug Rivers Stephan Shakespeare Alan Newman Doss Struse Tim Britton Doug Rivers CEO CFO President, America COO, EMEA CIO 2