Future Plc · LSE:FUTR
Future — Merger or Acquisition (January 2026)
16 slides from Future's merger presentation, Jan 22, 2026
Slide 1: SheerLuxe Acquisition
SHEERLUXE ACQUISITION 22 JANUARY 2026
Slide 2: Acquisition Highlights
ACQUISITION HIGHLIGHTS KEVIN LI YING, CEO
Slide 3: Acquisition highlights
Acquisition highlights In Vertical Audience Product fast-growing leadership, diversification and/or markets, platform (Google-zero*, skill & strong agnostic Gen Z, etc) capabilities financials Consolidating #2 +32% revenue Google-Zero play: 100% of revenue Comscore CAGR 2023-2025, 6.1m direct from dir
Slide 4: Financial performance
Financial performance £12.6m revenue in FY 2025, 40% EBITDA Strong cash +32% margin conversion 2-year CAGR 4 Aligned with our capital allocation
Slide 5: Financial terms
Financial terms £39.9m initial Capped Returns consideration, 7.8x EBITDA earn-out based higher than funded from on ambitious WACC existing facilities growth plan 5 Aligned with our capital allocation
Slide 6: Georgie Coleridge Cole
Georgie Coleridge Cole Founder & CEO
Slide 7: Brand Overview
Brand Overview 7
Slide 8: How We Reach Our Audience
How We Reach Our Audience TOTAL COMMUNITY BLUSH TALENT NETWORK EMAIL SOCIAL YOUTUBE PODCAST MGMT 6m 850k 4m \ | 2m MONTHLY ACTIVE MONTHLY TOTAL REACH AUDIENCE SUBSCRIBERS FOLLOWERS LISTENS MESSAGES “EXCHANGED IN APP IN 1ST YEAR FUTURE
Slide 9: Google Zero
Google Zero LOW RELIANCE ON BUILT FOR PEOPLE NOT UNRIVALLED DAILY DIVERSIFICATION GOOGLE & SEO PAGE IMPRESSIONS EMAIL OPEN RATES FROM WEB TO SOCIAL BROADCASTING ≈90% >3min >60% +~30% WEB TRAFFIC NOT MINUTE DWELL TIME ON SITE EMAIL OPEN RATE VIA GOOGLE SEARCH YEAR-ON-YEAR INCREASE IN SOCIAL FOLLOWERS
Slide 10: Strong Monetisation Framework Equates To Strong Growth Track Record
Strong Monetisation Framework Equates To Strong Growth Track Record 100% DIRECT REVENUE WEB SOCIALS +32% CAGR REVENUE VIDEO GROWTH 23-25 40% EBITDA MARGIN 10
Slide 11: A Compelling & Symbiotic Partnership
A Compelling & Symbiotic Partnership ● Exceptional infrastructure ● Specialist commercial teams ● Data & insight ● People-first approach ● Digital disruptors ● Content & social broadcasting expertise ● Best-in-class creative 11 talent
Slide 12: Creating Value
CREATING VALUE KEVIN LI YING, CEO 12
Slide 13: A leading brand that accelerates the platform effect
A leading brand that accelerates the platform effect BRANDS Google-Zero Data & Gen Z REVENUE AUDIENCE Social Insights Video Hybrid PRODUCTS Hawk Eagle Kiosq 13
Slide 14: Appendix
APPENDIX
Slide 15: Financial performance
Financial performance Revenue EBITDA 15 FY to March 31st LTM to 30 September 2025
Slide 16: Model implication
Model implication SheerLuxe contribution to the Group Total Group £3m incremental 7 months of 1.1x leverage finance costs, revenue in FY 40% EBITDA expected at bringing total 2026 margin September 26 finance costs to £29m in FY26 16