Slide 1: 2021 DMGT Results Presentation Half year ended 31 March 2021
2021 DMGT Results Presentation Half year ended 31 March 2021 Thursday, 27 May 2021Paul Zwillenberg, CEO Tim Collier, CFO Karen White, RMS CEO
Slide 2: Half Year 2021 overview
2021 DMGT 5 Half Year 2021 overview Performance as expected given market conditions B2B Information Services continued to growEvents and Exhibitions limited by absence of physical eventsConsumer Media performed well; Metro severely affected by Covid-19 impact Strategy creating value through active m
Slide 3: H1 2021 Disposals, acquisitions and investments
© 2021 DMGT 21 H1 2021 Disposals, acquisitions and investments Investments £39m Acquisitions £77m New Scientist: £67m March 20212021 expectation: revenue >£20m; cash OI & operating profit c.£7mPrinting plants £10m October 2020 Investment in Cazoo £34m October 2020: total investment to date £117m (£1
Slide 4: Cazoo transaction and listing structure
© 2021 DMGT 22 Cazoo transaction and listing structure Implications for DMGT Business combination with AJAX I: c.$8.1bn equity value AJAX I is a SPAC already listed on NYSE; trading at c.$10.00 per share¹Transaction includes up to $805m AJAX cash and fully-committed PIPE of $800m at $10.00 per share
Slide 5: DMGT's strategy continues to work
© 2021 DMGT 28 DMGT’s strategy continues to work Long-term approach: disciplined portfolio management to drive value and growth Balanced portfolio by role, sector, business model: spanning B2B and Consumer MediaExciting growth opportunities: focus on excellent operational execution to deliver valueL
Slide 6: Strategy in action: Cazoo case study
© 2021 DMGT 30 Strategy in action: Cazoo case studyBacking entrepreneurial ‘Businesses for the future’ Our strategy enabled the investment Financial flexibility to invest in multiple rounds: first in November 2018Led investment round in Apr’20 (1st lockdown)Total investment of £117m: £104m cash; £13
Slide 7: JVs & Associates: reduced losses; good progress by Yopa
© 2021 DMGT 44 JVs & Associates: reduced losses; good progress by YopaCazoo is an investment and is not included in joint ventures and associates Joint ventures and AssociatesDMGT’s share of adjusted operating profits and losses £ million H1 2020 H1 2021 Change % Underlying % Total losses from JVs a
Slide 8: Additional information in respect of Cazoo and AJAX I and where to find it
© 2021 DMGT Additional information in respect of Cazoo and AJAX I and where to find it 58 This communication relates to a proposed business combination among Cazoo Holdings Limited (“Cazoo”), AJAX I and Capri Listco (“Listco”). In connection with the proposed business combination, Listco filed a reg