Slide 1: CY2015 Results Presentation
CY2015 RESULTS PRESENTATION 22 FEBRUARY, 2016
Slide 2: Contents
CONTENTS 2015 Review 01 2015 Financials 02 The Year Ahead 03 Appendix A
Slide 3: 2015 Review
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Slide 4: 2015 Highlights
2015 HIGHLIGHTS REVENUE* EBITDA* NPATA* 290 279.8 60 48.6 57.7 35 28.5 280 266.4 50 42.1 260.8 30 22.2 Revenue 270 EBITDA 40 33 NPAT 25 18.2 $Am $Am 260 $Am 30 20 250 243.5 15 20 240 10 5.6 230 10 5 220 0 0 2013 2014 2015 2013 2014 2015 2013 2014 2015 Prospectus Actual Prospectus Actual Prospectus A
Slide 5: 2015 Highlights: Industry Growth, Digital Expansion
2015 HIGHLIGHTS INDUSTRY GROWTH Out Of Home Industry one of the fastest growing media segments DIGITAL EXPANSION 17 New digital roadside billboards 900 New digital retail signs GROWING AUDIENCE Acquisition of Inlink expands audience reach in core CBD market 4
Slide 6: Strategy for Growth
STRATEGY FOR GROWTH Creating deep engagement between consumers and brands through unmissable location-based media • Diversity of Audience & Product Portfolio • Strong Maturity Profile • End-to-End Digital Strategy • Developing Market Leaders • Building Value for Stakeholders 5
Slide 7: How oOh! Delivered on Strategy
HOW oOh! DELIVERED ON STRATEGY Diversity of • Acquisition of Inlink expands reach into CBD audiences #1 in delivering Audience & • Maintained leadership among audience-led solutions – Drive by, advertisers the widest Product Walk by and Stand by environments location-based • Only national provider o
Slide 8: 2015 – How oOh! Delivered on Our Digital Strategy
2015 – HOW oOh! DELIVERED ON OUR DIGITAL STRATEGY • 17 new digital roadside billboards at premium locations – in line with Prospectus BUILDING THE PLATFORM • 900 new retail digital signs including large digital banners • Inlink acquisition, adds +2,800 digital signs, increasing footprint in CBD envi
Slide 9: Leading Digital Market Position
LEADING DIGITAL MARKET POSITION oOh!media’s leading ANZ digital network and reach – 5,000+ digital signs +1,400 digital 25 road side +300 gym and +220 +2,800 CBD screens in +225 internal +500 café +200 venue digital screens sports university Offices retail fly panels screens screens and growing scre
Slide 10: Leading Digital Metrics
LEADING DIGITAL METRICS Digital Revenues as a % of Total Revenue 35% 32% • Digital revenue growth reflected investment in digital 30% capabilities, skills and revenue 23% 25% • Digital revenue up 48% year on year 20% 17% • Digital revenue contributed 32% of total revenue in 2015 and 15% 11% rising 1
Slide 11: 2015 Financials
2015 FINANCIALS
Slide 12: 2015 - Pro Forma Results Overview
2015 - PRO FORMA RESULTS OVERVIEW ($Am) CY2015 CY2014 Change vs CY14 Change vs Prospectus Revenue 279.8 260.8 +7.3% +5.0% EBITDA 57.7 42.1 +37.1% +18.8% EBITDA margin 20.6% 16.1% +27.8% +13.1% Adjusted NPAT 28.5 18.2 +56.8% +28.5% Adjusted EPS – basic cps 19.0 12.1 +56.8% +28.5% Dividends declared c
Slide 13: Continuing Strong Performance
CONTINUING STRONG PERFORMANCE HISTORIC PRO FORMA REVENUE AND EBITDA MARGIN GROWTH 290 20.6% 25% • 11th consecutive year of revenue 279.8 growth since CY2004 280 16.1% 20% 270 13.6% • 25% CAGR EBITDA since 260.8 12.4% CY 2012 260 $ million 15% • 43% CAGR Adjusted NPAT since 250 243.5 CY 2012 240 10%
Slide 14: Revenue by Type
REVENUE BY TYPE OPERATING DIVISION REVENUE Division $Am CY 2015 CY 2014 Change • All Australian divisions contributing Road 110.9 102.3 8.4% strongly to revenue growth Retail 99.0 89.1 11.2% • NZ impacted by completion of Fly 54.5 51.0 7.1% Auckland Airport concession at 2014 end Place 9.8 8.8 11.4%
Slide 15: Detailed Results – Pro Forma
DETAILED RESULTS – PRO FORMA $Am CY2015 CY2014 Change • Strong Operating Leverage Revenue 279.8 260.8 7.3% • Profit margin expansion Cost of media sites and production (168.6) (172.9) 2.5% • Gross profit + 26.5% Gross profit 111.2 88.0 26.4% • EBITDA + 37.1% Gross profit margin 39.7% 33.7% 17.8% • A
Slide 16: Cash Flow
CASH FLOW $Am CY2015 CY2014 Change • +46% increase in free cash flow EBITDA (pre-impairment charge) 57.7 42.1 37.1% Non-cash items in EBITDA (0.0) 1.9 (101.9%) • Increase in capital expenditure reflecting investment in digital Changes in working capital 1.9 (3.2) 158.8% signage Free cash flow 59.6 4
Slide 17: Balance Sheet and Credit Ratios
BALANCE SHEET AND CREDIT RATIOS $Am CY2015 CY2014 • Strong balance sheet positon to Cash and cash equivalents 18.5 20.2 support future growth initiatives Other current assets 66.7 65.6 • Growth in other assets and Intangible assets and goodwill 255.5 217.6 intangibles reflecting investment in Other
Slide 18: The Year Ahead
THE YEAR AHEAD
Slide 19: The Year Ahead 2016
THE YEAR AHEAD 2016 Diversity of • Integration of Inlink #1 in delivering Audience & • Continued product innovation advertisers the widest Product • Strategic sites and acquisitions location-based • Continued focus on New Zealand retail footprint addressable audience Strong Maturity • Consistent foc
Slide 20: Guidance for 2016
GUIDANCE FOR 2016 • EBITDA guidance represents FY16 Guidance Range 17% - 25% growth EBITDA $68.0m – $72.0m • Capital expenditures will continue Capex $20.0m – $25.0m to support digital strategy including screen conversion and infrastructure • FY15 and FY16 capital investments will continue to drive
Slide 21: Questions?
QUESTIONS?
Slide 22: Appendix
APPENDIX
Slide 23: Statutory Reconciliation
STATUTORY RECONCILIATION $’m CY2015 CY2014 • Statutory to pro forma results Actual Actual reconciliation Statutory Revenue 279.8 261.3 • Key adjustments relate to costs Discontinued operations 0.0 (0.5) associated with 2014 IPO and Pro Forma revenue 279.8 260.8 2015 acquisitions Statutory NPAT 18.4
Slide 24: Important Notice
IMPORTANT NOTICE oOh!media Limited’s Financial Statements for the periods ended 31 December 2015 are presented in accordance with Australian Accounting Standards. oOh!media Limited has also chosen to include certain non-IFRS financial information. This information has been included to allow investor
Slide 25: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER Important notice and disclaimer This document is a presentation of general background information about the activities of oOh!media Limited (oOh!media) current at the date of the presentation, 22 February 2016. The information contained in this presentation is of gene