Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — FY 2024 Earnings Presentation
41 slides from Alma Media Oyj's earnings presentation, February 2025
Slide 1: IR Presentation, post FY 2024
IR Presentation, post FY 2024
Slide 2: Alma in figures (FY 2024)
Alma in figures (FY 2024) Revenue Digital business Adj. operating Adj. Operating profit profit % 313 84% 77 25% 40/60 MEUR MEUR abroad / in Finland % of employees ROE ROI Equity ratio Dividend of Alma’s media reach about 23% 15% 49% 0.46 89% euros per share (A proposal to the AGM) of Finns weekly TS
Slide 3: FY 2024 Highlights
FY 2024 Revenue grew by 2.5%, adjusted operating profit up by Highlights 4.4% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +2.5% 120 +4.4% 30 308.7 304.9 312.7 24.1% 24.6% 100 23.8% 25 80 73.4 73.6 76.9 20 60 15 40 10 20 5 2022 2023 2024 0 0 2022 2023 2024 • Solid performance despi
Slide 4: Strong market positions and leading brands in key areas
Strong market positions and leading brands in key areas RECRUITING #1 Czech Republic jobs.cz, prace.cz 1 #1 Slovakia profesia.sk #1 Croatia mojposao.net #2 Finland jobly.fi 1 1 #1-3 Estonia, Latvia, cvonline.com Lithuania #1 Bosnia and Herzegovina, mojposao.ba, Macedonia, Serbia vrabotuvanje.com.mk,
Slide 5: Alma Media’s transformational journey
Alma Media’s transformational journey Exploiting paradigm changes in technology and consumer behaviour Integrating Platforms Media 2020 > and Services • Expanding our role in value chains • Streamlining customer processes by 2000 - 2020 integrating services to platforms Media • Acceleration of digit
Slide 6: Continuing the renewal of portfolio
Continuing the renewal of portfolio – net investments over MEUR 200 to digital transformation and growth INVESTMENTS OF WITH A STRONG FOCUS ON DIGITAL BUSINESS AutoJerry Suomen Tukkuautot Alma Mediapartners (35%) Techloop Netello (40%) Toimitilat.fi Netwheels Edilex Katsastushinnat.fi Etua.fi (40%)
Slide 7: Digital transformation
Digital transformation 2024 84% 400 90% 350 80% 12 70% 300 23 38 60% 250 Others 50% 200 Print 40% 150 247 Digital 263 30% 100 Digital rate 20% 50 10% 17 0 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Ǻ
Slide 8: Digital transformation and change in business mix driving operational gearing
Digital transformation and change in business mix driving operational gearing REVENUE ADJUSTED OPERATING PROFIT MEUR MEUR 2024 350 83.6% 90% 90 2024 30.0 % 80% 24.6% 300 12 80 22 25.0 % 70% 70 250 95 60% 60 20.0 % 200 50% 50 263 15.0 % 150 2014 40% 40 32.0% 30% 30 2014 10.0 % 100 7.2% 20% 20 179 5.0
Slide 9: Q4 2024 Highlights
Q4 2024 Revenue grew by 4.1%, adjusted operating profit up by Highlights 16.6% ADJUSTED OPERATING PROFIT REVENUE (MEUR) (MEUR) (% OF REVENUE) +4.1% 30 30 +16.6% 78.7 78.0 81.2 24.0% 25 21.5% 25 19.4% 19.5 20 16.7 20 15.2 15 15 10 10 5 5 Q4 2022 Q4 2023 Q4 2024 0 0 Q4 2022 Q4 2023 Q4 2024 • Solid per
Slide 10: Revenue bolstered by acquisitions. The market conditions curbing the growth
Revenue bolstered by acquisitions. The market conditions curbing the growth REVENUE Q4 2024 (MEUR) ADJUSTED OPERATING PROFIT Q4 2024 (MEUR) 81.2 19.5 0.0 -0.1 +0.2 +0.6 +4.0 +1.3 78.0 -0.7 16.7 +0.6 Q4 2023 Alma Alma Alma News Non- Q4 2024 Q4 2023 Alma Alma Alma News Non- Q4 2024 Career Marketplaces
Slide 11: On annual basis, the share of digital business grew to new records
On annual basis, the share of digital business grew to new records SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* REVENUE BY REVENUE CLASSES Q4 2024 (MEUR) (REVENUE CHANGE IN BRACKETS) 84% 300 81% 82% 77% 263 80 Other 69% 250 251 (-0.3, -4.3 %) 250 66% 70 6.5 Classified 63% (0.3, 0.9 %) 61% 212 Content
Slide 12: Alma Career: Adjusted operating profit up by 6.4% in Q4
Alma Career: Adjusted operating profit up by 6.4% in Q4. The development of common platform continued REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 50 43.2% 45 (REVENUE CHANGE IN BRACKETS) 40.2% 40.4% 38.7% 27.0 Other 45 37.0%
Slide 13: Invoicing & revenue recognition in Alma Career, rolling 12 months
Invoicing & revenue recognition in Alma Career, rolling 12 months 12,000 10,000 8,957 8,933 8,000 7,876 6,847 6,000 4,000 2,000 0 Revenue Invoicing 10-12/ 10-12/ 1-12/ 1-12/ KPIs (monthly averages in thousands) 2024 2023 2024 2023 Unique visitors 5,667 5,663 6,063 6,105 Users with job alerts 2,036 2
Slide 14: Alma Marketplaces: Revenue and adjusted operating profit increased
Alma Marketplaces: Revenue and adjusted operating profit increased both organically and due to acquisitions REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY REVENUE CLASSES 40 (REVENUE CHANGE IN BRACKETS) 35.3% 25.9 35 +0.1 +0.1 Other +3.1 (-0.2
Slide 15: Alma News Media: Revenue on par, adjusted operating profit hiked
Alma News Media: Revenue on par, adjusted operating profit hiked due to the rigorous cost management REVENUE AND ADJUSTED OPERATING PROFIT SEGMENT REVENUE CHANGE BY BUSINESS UNIT (MEUR) SEGMENT REVENUE BY DIGITAL/PRINT (REVENUE CHANGE IN BRACKETS) 45 35 40 29.1 29.1 Other 30 -0.1 (-0.1, -5.4 %) 35 -
Slide 16: Solid financial position
SOLID FINANCIAL POSITION
Slide 17: Alma Media’s updated long-term financial targets
Alma Media’s updated long-term financial targets* * https://www.almamedia.fi/en/newsroom/ REVENUE GROWTH (%) ADJUSTED OPERATING PROFIT (%) NET DEBT/EBITDA RATIO Previous Unchanged Previous Updated Previous Unchanged >5.0% >5.0% >25% >30% <2.5x <2.5x 19.6 >30% 2.3 12.1 24.6 23.8 24.1 <2.5x 22.2 19.7
Slide 18: Balanced financial position
Balanced financial position NET DEBT (MEUR), GEARING (%) & EQUITY RATIO (%) Q3/2021–Q3/2024 500 150 450 400 109% 102% 94% 100 350 81% 82% 81% 69% 73% 70% 65% 60% 60% 59% 300 46% 48% 46% 46% 46% 44% 46% 49% 39% 42% 43% 50 35% 33% 250 200 0 150 100 182 -50 157 164 154 160 151 146 169 155 143 128 138 1
Slide 19: Solid cash flow
Solid cash flow OPERATING CASH FLOW (MEUR) OPERATING CASH FLOW BRIDGE 2023 - 2024 27.3 3.0 24.6 24.2 73.8 25 -0.6 1.2 -0.8 2.5 21.2 20.6 19.6 18.8 8.0 2.0 20 17.0 17.3 17.6 1.5 15 63.0 3.0 13.0 1.0 10.9 9.8 10 0.5 5 0.0 -0.5 0 2023 Adjusted Taxes paid Net interest Changes Other 2024 Q4/21 Q1/22 Q2/2
Slide 20: Investments
Investments 4 3 CAPEX, LEASES, M&A Q4/21-Q4/24 DEPRECIATIONS Q4/21-Q4/24 16 2 16 1 1 14 13 0 12 10 -1 -1.8 -1.8 -1.8 -1.7 -1.7 -1.6 -1.7 -1.7 -1.7 -1.6 -1.6 -1.6 -1.6 10 8 4 -2 -0.7 -0.7 -0.6 -0.7 -0.8 -0.9 -0.9 -0.9 -1.0 -1.1 -1.2 -1.2 -1.2 7 11 1 14 6 -3 5 5 5 5 11 -2.1 -1.9 -1.8 -1.8 -1.8 -1.7 -1
Slide 21: Earnings per share and dividends
Earnings per share and dividends ROE & ROI (%) Q4/21-Q4/24* EARNINGS PER SHARE Q4/21-Q4/24 DIVIDENDS 80 6.3% 70.5 0.28 70 0.23 5.0% 60 4.7% 4.7% 0.20 0.20 4.4% 0.19 0.19 4.0% 4.2% 50 0.18 0.18 0.15 3.2% 3.3% 3.4% 3.2% 40 37.1 0.14 0.14 0.44 0.45 0.46 32.9 0.13 0.13 0.40 30 0.35 0.35 21.3 22.9 0.30 1
Slide 22: Total Shareholder Return 2015-2024
Total Shareholder Return 2015-2024 2015–2024 TSR, % (dividends included) Alma Media’s TSR +498.2% Alma Media Oy 498% Helsinki Stock Exchange Index +85.3% (including dividends) OMXHGI 85% 2014-12-30 2015-12-30 2016-12-30 2017-12-30 2018-12-30 2019-12-30 2020-12-30 2021-12-30 2022-12-30 2023-12-30 202
Slide 23: Operating environment
OPERATING ENVIRONMENT
Slide 24: European Commission financial forecast for Alma's operating countries
European Commission financial forecast for Alma's operating countries - Latest Alma Media operating countries’ updates GDP Change (%) Inflation (%) Unemployment (%) 2025 2026 2025 2026 2025 2026 1.5 1.6 2.0 1.8 7.9 7.5 Finland 2.4 2.7 2.4 2.0 2.7 2.7 Czechia 2.3 2.5 5.1 3.0 5.3 5.1 Slovakia 3.3 2.9
Slide 25: Challenging operating environment
Challenging operating environment Lagging Changing Increasing Geopolitical economic growth consumer behaviour regulation turbulence Growth picking up, but changes Digitalisation continues to Digital legislation increasing. Geopolitical tensions elevated. in geopolitics and trade policy change consum
Slide 26: The Finnish advertising market update
The Finnish advertising market update MONTHLY CHANGE IN MEDIA ADVERTISING 12/2023–12/2024 Source: Kantar TNS 10% 5% 0% -5% -10% -15% -20% -25% -30% -35% -40% P12 23 P1 24 P2 24 P3 24 P4 24 P5 24 P6 24 P7 24 P8 24 P9 24 P10 24 P11 24 P12 24 Advertising sales total, chg % Newspaper advertising, chg %
Slide 27: Housing market & marketplaces update
Housing market & marketplaces update HOUSING MARKET UPDATE (SOLD APARTMENTS) -20.3% 5 500 5 060 4 839 4 603 4 783 4 207 4 288 4 355 3 834 4 035 3 757 3 443 2 922 4,887 5,326 4,697 4,468 4,622 4,044 4,173 4,253 3,835 3,311 3,628 3,683 2,821 P12 23 P01 24 P02 24 P03 24 P04 24 P05 25 P06 24 P07 24 P08
Slide 28: Mobility market & marketplaces update
Mobility market & marketplaces update MOBILITY MARKET UPDATE* (SOLD CARS) +10.3% 67 579 63 406 61 833 63 915 56 762 58 626 57 217 52 834 55 532 50 973 49 613 47 510 43 078 55,855 57,526 60,303 49,525 49,998 56,800 54,072 50,953 44,482 44,339 46,450 41,270 37,327 P12 23 P01 24 P02 24 P03 24 P04 24 P0
Slide 29: Ukrainian crisis
Ukrainian crisis • Russia’s aggressive invasion to Ukraine, brought severe economic and business consequences: • Significantly higher energy prices and inflation • Lower economic growth in Europe • Increased volatility and insecurity • Disruptions in financial markets and supply chains due to sancti
Slide 30: Sustainability as an integral part of our strategy
Sustainability as an integral part of our strategy Alma Media has gained international recognisition by its ambitious work for climate and responsible business. ENVIRONMENTAL Alma Media has significantly cut down its carbon • Minimising CO2 emissions in own footprint in the last few years operations
Slide 31: Strategy and outlook
STRATEGY AND OUTLOOK
Slide 32: Alma Media's business segments
Alma Media's business segments Q4 2024 ALMA CAREER ALMA MARKETPLACES ALMA NEWS MEDIA Vesa-Pekka Kirsi Santtu Elsinen Juha-Petri Loimovuori Leading digital news media Leading Job boards in 10 Leading marketplaces in real in the Finnish market. CEE countries. Recruitment estate, mobility and business
Slide 33: Versatile revenue sources, business cyclicity varies
Versatile revenue sources, business cyclicity varies Revenue source Share of revenue Highest cyclicity Advertising 19% Classifieds 39% Other 7% Digital services 18% Content sales 16% Lowest cyclicity Q2 2024 2024 ŵŵ
Slide 34: Alma Media strategy summary
Alma Media strategy summary TRANSFORM 1. • Streamline customer processes by integrating services to platforms • Systematically improve all products and processes with AI • Increase operational agility to speed up time-to-market GROW 2. • Diversify and build new products and revenue streams • Develop
Slide 35: Synergy creation within strategic business areas
Synergy creation within strategic business areas • Alma Media concentrates on recruitment, real estate, mobility, media and insights. • Group synergy is based on co-operation between and within businesses: Shared AUDIENCES • Growth of average revenue per user (ARPU) through DATA audience reach and d
Slide 36: From classified advertising to transactions
From classified advertising to transactions Entering larger potential market and enabling new revenue sources B U Y E R S SEARCH EVALUATE NEGOTIATE OWNERSHIP & & & Close & PROVIDE MARKET CLOSE CRM SELLERS, B2B PARTNERS ADVERTISING TRANSACTIONS We further develop and We help to streamline our We deve
Slide 37: AI boosts Alma's strategy
AI boosts Alma's strategy 1. INCREASING INTERNAL PRODUCTIVITY Opportunity • Use of AI tools for individual productivity, e.g., in software or content creation. • Automating internal processes, e.g., reporting, forecasting, or planning Stage 3: 2. IMPROVING CUSTOMER EXPERIENCE New business • Improvin
Slide 38: Outlook For 2025
Outlook For 2025 Announced on 5 February 2025 Background for the outlook Alma Media expects its full-year revenue and adjusted operating The outlook is based on an assessment of the company's main market areas, where national economies profit of 2025 to remain at the 2024 are expected to pick up, bu
Slide 39: Thank You! Questions?
Thank You! Questions? Upcoming events in the investor calendar: • Interim report for January–March 2025 on Friday, 25 April 2025 • Interim report for January–June 2025 on Thursday 17 July 2025 • Interim report for January–September 2025 on Friday, 31 October 2025 ŵǼ
Slide 40: Closing remarks
Closing remarks • Digital transformation has led to a well- balanced and synergistic business mix and to market leadership in chosen areas • The digital journey continues towards integrating platforms • Leveraging the best of current Alma Career products by expanding into new markets: building one u
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