Slide 1: Time Out Group plc
Time Out Group plc Results for the six months ended 31 December 2024
Slide 2: Unmatched city authority built over 55+ years
Timeline of the transformation from a UK print business to a multi-platform global brand Unmatched city authority built over 55+ years ONE TIME OUT First Time Out NY Launch Monthly More global Time Out kicks off of Digital Media Media Media deals + London global Media digital transition audience Out
Slide 3: H1 2025 Highlights
H1 2025 Highlights Synergy benefits to be realised in H2 2025 FY25 Ebitda remains in line with management expectations • H1 FY25: Revenue £50.9m (-3% YOY).Adjusted Ebitda £4.8m Post-IFRS16, (H1 FY24 £6.0m) Operational highlights • Markets continue to grow with 10 open, minimum 7 more by FY27 plus a
Slide 4: Financial Headlines
Financial Headlines 12 months ended 30 June 2024 (£m) Group Markets Media +3% LFL(1) 53.8 52.5 50.9 35.4 34.8 36.5 18.4 17.7 14.4 Reported revenue £m HY23 HY24 HY25 HY23 HY24 HY25 HY23 HY24 HY25 2.5 6.0 6.9 2.1 Adjusted EBITDA 4.8 6.1 (2) post IFRS 16 £m 2.4 1.5 HY23 HY24 HY25 (0.6) HY23 HY24 HY25 H
Slide 5: Business Model: One Time Out
Business Model: One Time Out The best of the city online and in real life – a unique digi-physical platform CURATION OF THE BEST OF THE CITY AUTHORITY ATTRACTS PARTNERS 1 Editorial curation of the bestexpertise: of the city. The brand reputation built over 55+ 2 Unmatched Since 1968, we’ve built a B
Slide 6: Markets
Markets Continued growth with expanding portfolio Net Revenue +12%, Ebitda +12% 10 Markets open, minimum 7 more by FY27 • Barcelona and Bahrain now open • Next 12 months: Osaka, Budapest, Abu Dhabi and Vancouver Growth drivers / Outlook Sign new Markets: • Focus on top 50 global Media cities • New m
Slide 7: Market: Signed Pipeline
Market: Signed Pipeline Growth from 6 Markets in FY23 to 17 Markets by FY27 Based on currently signed agreements SIGNED OWNED & FY27 MANAGEMENT OPERATED AGREEMENTS MARKETS FY26 RIYADH PRAGUE BUDAPEST FY25 VANCOUVER BARCELONA ABU DHABI FY24 BAHRAIN OSAKA CAPE PORTO TOWN FY21 FY22 FY19 FY20 DUBAI FY23
Slide 8: A Global Brand
A Global Brand High footfall locations in the cities with greatest appeal to global advertisers LONDON PRAGUE VANCOUVER MONTREAL MADRID PARIS CROATIA NEW YORK, BOSTON MARSEILLES CHICAGO PORTO ISTANBUL SAN FRANCISCO BARCELONA BEIJING LAS VEGAS LISBON TOKYO LOS ANGELES ATLANTA TEL AVIV DOHA BAHRAIN SH
Slide 9: Media
Media Lower RFP pipeline in H1 with macro headwinds, strong pipeline for H2 Key Indicators • Media revenue down 19% impacted by fewer large deals in H1 with macro headwinds due to US election • Gross margin increased by 1%pt to 81% (H1 2024: 80%) • 178m audience, +25% due to focus on social media Gr
Slide 10: Financial Statements
Financial Statements
Slide 11: P&L months ended December
P&L 6 months ended 31 December 2024 2023 Change £m Like-for-like Gross revenue in constant 52.2 54.9 (5)% currency Market net revenue 24.5 21.8 +5% Media net revenue 14.4 17.7 (19)% Group net revenue 38.9 39.5 (2)% Gross margin (% of net revenue) 83% 83% - Market EBITDA 6.9 6.1 +12% Market EBITDA ma
Slide 12: Cashflow
Cashflow 6 month ended 31 December 2024 2023 £m Cash generated from operations 0.4 6.4 Interest paid (1.7) - Tax paid (0.1) (0.8) Net cash (used in)/ generated from operating (1.4) 5.6 activities Purchase of property, plant and equipment (4.2) (3.1) Purchase of intangible assets (1.0) (0.4) Interest
Slide 13: Cash and Debt
Cash and Debt Six month ended 31 December 2024 2023 £m Cash and cash 4.8 7.1 equivalents Borrowings (39.9) (34.8) Adjusted net debt (35.0) (27.7) IFRS 16 liabilities (39.7) (21.3) Net debt (74.7) (49.0) 1) £30m loan with Crestline LLP repayable November 2026 with £10m undrawn “increase facility” Cas
Slide 14: Balance Sheet
Balance Sheet £m 31 December 2024 31 December 2023 Non-current assets Intangibles assets – Goodwill 29.0 29.5 Intangible assets – Other 6.2 7.4 Property, plant and equipment 31.7 28.8 Right-of-use assets 30.9 14.2 Trade and other receivables 4.6 4.5 Deferred tax asset 4.0 - 106.5 84.4 Current assets
Slide 15: Thank you
Thank you imedut THE BEST OF THE CITY