Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Yellow Pages — FY2010 Earnings Presentation
18 slides from Singapore Exchange's earnings presentation, Jun 2, 2010
Slide 1: Global Yellow Pages Limited Results for FY2010
Global Yellow Pages Limited Results for FY2010 Financial Year ended 31 March 2010 Company registration number: 200304719G
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and business of Global Yellow Pages Limited (“GYP”) and certain of the plans and objectives of the management of GYP. Such forward looking statements involve known
Slide 3: Presentation Outline
Presentation Outline Overview Financial Highlights Business Review Outlook Dividends
Slide 4: FY2010 Results Overview
FY2010 Results Overview Achieved 7.7% increase in Net Profit • Operating revenue reduced by 14.5% to S$50.7 million for FY2010, impacted by the economic recession • Other gains decreased by 30.7% to S$3.0 million due mainly to one-off gains recognised from disposal of Cityneon shares last year • Tot
Slide 5: Financial Highlights
Financial Highlights
Slide 6: Financial Highlights
Financial Highlights S$’million FY2009 FY2010 Change Revenue 59.3 50.7 14.5% Operating Profit(1) 23.7 22.6 4.5% Profit before Tax 18.6 19.7 5.5% Net Profit 15.2 16.4 7.7% EBITDA 26.3 25.3 3.6% EPS (S$’cents)(2) 9.6 4.3 54.9% (1) Profit before interest, taxes and share of results of associated compan
Slide 7: Major Changes in Net Profit
Major Changes in Net Profit S$’million Revenue 8.6 Other gains (net) 1.2 Expenses 10.8 Share of results of associated companies 0.1 Income tax expense 0.1 Net Profit 1.2 7
Slide 8: Expenses
Expenses S$’million FY2009 FY2010 Change Printing and material costs 8.5 3.1 63.1% Staff costs 15.9 15.3 4.0% Finance expenses 5.6 3.5 37.4% Other expenses (see next slide) 13.0 10.3 20.7% Depreciation and amortisation 2.2 2.2 1.6% Total Expenses 45.2 34.4 23.9% 8
Slide 9: Other Expenses
Other Expenses S$’million FY2009 FY2010 Change Bad & doubtful debts 1.1 1.1 4.1% Distribution expenses 2.2 0.2 88.9% Marketing, A&P 0.6 0.8 35.9% Property related & maintenance exp. 1.3 1.2 12.1% Admin & Others 7.8 7.0 9.7% Other Expenses 13.0 10.3 20.7% 9
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights S$’million 31 Mar 09 31 Mar 10 Cash & cash equivalents 52.0 15.6 Total assets 267.7 225.4 Total liabilities 146.8 29.2 Shareholders’ equity 121.0 196.2 Current ratio 0.5x 2.4x Debt / Equity 1.1x 0.1x 10
Slide 11: Business Review
Business Review
Slide 12: Business Review
Business Review Print Directories Business • Improved product segmentation better serves target audiences, enhances advertising value for clients and better experience for users • New series of directories launched include Yellow Pages Hotel Edition and Yellow Pages Exclusive Edition • Successful in
Slide 13: Business Review – continued
Business Review – continued Copyright protection and management of data • Legal suits currently in progress to prevent infringement of our copyright and the unauthorised usage of our data • Non-exclusive licensing agreements signed with Mediacorp and Singapore Press Holdings for the Mocca and Rednan
Slide 14: Outlook
Outlook 14
Slide 15: Outlook
Outlook Positioned to ride the economic recovery – expanding product offerings locally and into the region whilst continuing to improve operational efficiencies and cost management Advance leadership position in Print with new and improved segmented products enhancing value and providing a better ex
Slide 16: Dividends
Dividends
Slide 17: Dividends
Dividends The Board remains committed to create long-term value for its shareholders and aims to create a sustainable dividend return. The Company’s policy on dividend is to return excess cash to shareholder’s after taking into account current earnings, the Company’s working capital requirements, ca
Slide 18: Thank You
Thank You