Alma Media Oyj · OMXHEX:ALMA
Alma Media Oyj — H1 2022 Earnings Presentation
19 slides from Alma Media Oyj's earnings presentation, Jul 20, 2022
Slide 1: Alma Media in the Digital Frontline
ALMA MEDIA IN THE DIGITAL FRONTLINE INVESTOR PRESENTATION POST H1 2022 1
Slide 2: Strong market position and leading brands in key areas
Strong market position and leading brands in key areas RECRUITING #1 Czech Republic prace.cz, jobs.cz #1 Slovakia profesia.sk 1 #1 Croatia mojposao.net #3 Finland monster.fi 1 #1 Estonia, Latvia, cvonline.com 1 Lithuania #1 Serbia, Bosnia and Poslovi.infostud.com, Herzegovina, kolektiv.ba, Macedonia
Slide 3: Alma Career: vigorous demand for recruiting led revenue growth
Alma Career The vigorous demand for recruiting business led the way in revenue growth REVENUE (MEUR) AND ADJUSTED SHARE OF SEGMENT REVENUE BY COUNTRY OPERATING MARGIN (%) Q2/2022 (REVENUE CHANGE IN BRACKETS) 41.5 % Czech Rep., 56% (+48%) 46.0 % 41.2 % 38.6 % 34.0 % Slovakia, 17% (+41%) Baltics, 11%
Slide 4: Alma Consumer: revenue boosted by digital media
Alma Revenue boosted by good development of digital media Consumer business REVENUE (MEUR) AND ADJUSTED REVENUE SPLIT BY VERTICAL Q2/2022 OPERATING MARGIN (%) (REVENUE CHANGE RATES IN BRACKETS*) 27.5 % 27.8 % 24.8 % 24.4 % Media and ad-financed 20.4 % services 52% (+8.6%) Mobility 24% (-8.7%) Housin
Slide 5: Alma Talent: tail wind in digital business growth
Alma Talent Tail wind in digital business growth REVENUE (MEUR) AND ADJUSTED REVENUE SPLIT BY BUSINESS UNIT Q2/2022 OPERATING MARGIN (%) (REVENUE CHANGE RATES IN BRACKETS*) 20.2 % 22.5 % 18.9 % 21.7 % 17.9 % Alma Talent Media 56% (+0.3%) Alma Talent Services 34% (+0.0%) 25.2 22.4 27.5 25.2 24.1 Dire
Slide 6: Transformational strategy in progress
Digital revenue Transformational strategy in progress in H1 2022: >80% TRANSFORM THE CORE GROW IN DIGITAL INTERNATIONALISE • Digital media subscriptions • From job boards to staffing and add-on • Direct search and reverse recruiting 34% digital share of content revenue in FY21 career services Acquis
Slide 7: Q2 2022 Highlights
Q2 2022 Robust performance and high profitability – Highlights EBIT margin at a top level REVENUE (MEUR) ADJUSTED OPERATING PROFIT 10.7% (MEUR) (% OF REVENUE) 15.7% 24.3 % 23.2 % 18.7 % 53 72 79 9.8 16.6 19.2 Q2 2020 Q2 2021 Q2 2022 Q2 2020 Q2 2021 Q2 2022 • Solid performances in the business segmen
Slide 8: Alma Career boosted operational profitability
Alma Career boosted operational profitability REVENUE Q2 2022 (MEUR) ADJUSTED OPERATING PROFIT Q2 2022 (MEUR) 8.4 0.6 -1.1 4.1 -0.7 -0.8 0.0 71.6 79.3 16.6 19.2 Q2 2021 Alma Alma Alma Q2 2022 Q2 2021 Alma Alma Alma Shared Q2 2022 Career Consumer Talent Career Consumer Talent Services 8
Slide 9: Digital business growth continued
Digital business growth continued SHARE OF DIGITAL BUSINESS OF GROUP REVENUE* DIGITAL BUSINESS GROWTH* 81% 77% 69% 57 % 66% 61% 63% 58% 59% 41 % 53% ** 39 % 40 % 51% 46% 16 % 4% 4% 3% 3% 1% 2% -4 % 75 82 91 100 125 146 160 165 158 212 125 -17 % 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 1-6 2
Slide 10: Solid financial position
SOLID FINANCIAL POSITION 20.7.2022 10
Slide 11: Updated long-term financial targets
Updated long-term financial targets* * https://www.almamedia.fi/en/newsroom/ REVENUE GROWTH (%) ADJUSTED OPERATING MARGIN (%) NET DEBT/EBITDA RATIO** 19.6 19.9 25.0 2.3 22.2 1.8 18.7 19.8 19.7 2.4 0.3 -1.8 0.0 -0.2 -8.0 2018 2019 2020 2021 1-6 2018 2019 2020 2021 4-6 2018 2019 2020 2021 1-6 2022 202
Slide 12: Major transactions completed
Major transactions completed Financial position balancing fast and deleveraging ongoing NET DEBT (MEUR) AND GEARING (%) Q2/2019–Q2/2022 EQUITY RATIO Q2/2019–Q2/2022 160.0 % 71.0 % 72.7 % 132.0 % 63.1 % 109.2 % 54.1 % 56.0 % 102.4 % 93.7 % 51.6 % 48.9 % 40.5 % 38.8 % 33.3 % 34.7 % 33.0 % MEUR 32.6 %
Slide 13: Strong cash flow enables rapid deleveraging
Strong cash flow enables rapid deleveraging Capital expenditure 1–6/2022 1–6/2021 2021 OPERATING CASH FLOW and acquisitions, MEUR 100 88.5 90 Capex 4.0 3.5 6.1 80 67.8 Acquisitions 2.4 239.7 241.0 70 57.0 57.3 60 Total 6.4 243.3 247.1 MEUR 50 40 • Cash flow from operating activities was MEUR 30 20 1
Slide 14: EPS picked up to 28 cents in Q2 2022
EPS picked up to 28 cents in Q2 2022 Earnings per share, EUR 0.28 0.19 0.18 • Earnings per share were EUR 0.28 in Q2 and EUR 0.48 in H1 EUR 0.14 • Improved profitability and capital gain from divestment of 0.12 0.12 Bolt Group Oy shares were the major drivers for the 0.09 0.08 increased EPS in Q2 •
Slide 15: Strategy and outlook
STRATEGY AND OUTLOOK 20.7.2022 15
Slide 16: Alma Media transformational strategy
Alma Media transformational strategy • Continue to diversify from media to marketplaces and digital services • Accelerate the digitalisation of print media TRANSFORM THE CORE • Continue to strengthen synergies and cooperation within group and in business units • Activate co-operation within group an
Slide 17: Outlook for 2022
Outlook For 2022 Update given and announced on 8 July, 2022 • Alma Media expects its full-year revenue and adjusted operating profit from continuing operations in 2022 to increase significantly from the 2021 level. • In 2021, the full-year revenue of the Group’s continuing operations was MEUR 275.4
Slide 18: Summary: Alma Media as an investment
Summary Alma Media as an investment • Leading market position and brands in key areas • Business mix well balanced – from media to services • Current products and customer base enables extensions in value chain • Strong presence in CEE is a great basis for further international expansion • B2B infor
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