Aspermont Limited · ASX:ASP
Aspermont — Investor Presentation (May 2023)
26 slides from Aspermont's investor presentation, May 30, 2023
Slide 1: HY23 Results
1 HY23 RESULTS MAY 2023 www.aspermont.com ASX:ASP | FRA:00W | TDG:00W ASX:ASP | FRA:00W | TDG:00W
Slide 2: Aspermont is the leading media services provider to the global resource industries
2 ASPERMONT IS THE LEADING MEDIA SERVICES PROVIDER TO THE GLOBAL 8 million Board and Senior Management RESOURCE INDUSTRIES Contacts In Mining, Energy & Agriculture Aspermont (ASX:ASP, FRA:00W) has over 30 industry leading B2B media brands, which serve the global mining, energy and agricultural secto
Slide 3: Aspermont's Aspirations
3 ASPERMONT’S ASPIRATIONS “Enable businesses to dig deeper and make better decisions for a brighter future” Aspermont is a global leader in business-to-business media providing timely, independent, and high value content Aspermont aspires to bring togzether communities to collaborate, problem solve
Slide 4: Aspermont has a unique value proposition
Aspermont has a unique value proposition 4 Brand Our 560 years of combined brand heritage has built unequalled audience trust. This trust enables market collaboration to ensure a high success rate in launching new products Operational Our de-centralized structure and scalable human resources facilit
Slide 5: Our experienced management team has transformed Aspermont into a leading specialist Mediatech company
Our experienced management team has transformed Aspermont into a leading 5 specialist Mediatech company able to upscale growth opportunities 8 YEARS average management tenure Ajit Patel Alex Kent Josh Robertson Leah Thorne Matt Smith Nishil Khimasia Chief Operating Group Managing Chief Marketing Gro
Slide 6: HY23 Financial Highlights
6 HY23 Financial Highlights Reported Normalised Period Ended 31st March HY23 HY22 Improvement HY23 HY22 Improvement Total Revenue $9.4m $9.4m +1% +4%(1) Gross Profit $5.5m $6.2m -12% Gross Margins 58% 67% -9% EBITDA $0.1m $1.0m -94% $0.7m $1.2m -47% Cashflow from Operations ($0.97m) $0.2m -622% ($0.
Slide 7: Self-funded and able to generate long term organic growth
7 Self-funded and able to generate long term organic growth Revenues (A$’m) Gross Profit (A$’m) Gross Margin % 67% 9.3 9.4 6.2 63% 8.4 5.5 8.0 7.3 58% 4.8 4.6 4.2 57% 55% 6.0 53% 3.3 HY 18 HY 19 HY 20 HY 21 HY 22 HY 23 HY 18 HY 19 HY 20 HY 21 HY 22 HY 23 HY 18 HY 19 HY 20 HY 21 HY 22 HY 23 Reported
Slide 8: Revenue
8 Revenue Period ended • +1% growth in total revenues (4% on constant currency basis) with better HY23 HY22 Improvement momentum heading into H2 23 31st March 2023 • Revenue momentum is building in H2 and going forward Content (CaaS) Revenue $4.8m $4.2m +14% Total Quarterly Revenue Services (MaaS) R
Slide 9: Gross Profit and Margins
9 Gross Profit and Margins • Gross Profit saw a decline of 12% (-10% forex normalized) mainly due to: 1. Planned Opex investments as part of the Company’s inward investment programme and, 2. Inflationary pressures both in supplier costs and in wages with higher talent acquisition costs • Gross Margi
Slide 10: Earnings
10 Earnings Reported EBITDA (A$’m) Normalised EBITDA (A$’m) We report a positive Reported and 1.2 1.0 Normalised EBITDA although both 0.7 0.6 declined to prior periods reflecting the 0.7 0.1 investment programme and general market 0.0 0.1 conditions. -0.1 -0.6 -0.6 -0.8 HY 18 HY 19 HY 20 HY 21 HY 22
Slide 11: Cashflow Generation
11 Cashflow Generation Operational Cashflow (A$’m) Operational and Normalised cashflow Cash & Cash Equivalents (A$’m) declined during this period due to the opex 7.4 investment programme 6.7 2.1 5.4 0.2 0.2 Cash balances remained strong throughout the period and comfortably above our ‘black 1.4 -0.5
Slide 12: Net Profit/Loss After Tax
12 Net Profit/Loss After Tax • We reported a net loss of $0.9m (prior period loss $0.2m) due to: 1. Investments and, 2. Our share of Blu Horseshoe fintech start-up costs • Normalized Net Profit after tax grew to $0.3m (prior period $0.2m net profit) excluding $1.2m of exceptional charges once these
Slide 13: Aspermont is debt free and balance sheet is strengthening
13 Aspermont is debt free and balance sheet is strengthening AUD $’000 Total Assets 30 June ‘16 30 Sept ’22 31 March ’23 Total Liabilities 30 June ‘16 30 Sept ’22 31 March ’23 Shareholders Equity 30 June ‘16 30 Sept ’22 31 March ’23 Cash and cash equivalent 1,795 6,634 5,425 Trade and other payables
Slide 14: Business Performance Vs Guidance
14 Business Performance Vs Guidance Our guidance for FY23 had been for: Revenue Growth Constant currency Revenue growth in all income lines with strong double-digit growth in Subscriptions, 1 Data Works, Content Works and Live events 2 Expansion of senior leadership team and overall headcount CaaS o
Slide 15: Business Performance Vs Guidance (continued)
15 Business Performance Vs Guidance (continued) The company is pleased to report strong double-digit growth in subscriptions revenue for a 27th consecutive quarter. Content Works made a notable H1 contribution with the Saudi Arabian media partnership confirming the potential of this new business. Re
Slide 16: FY23 Outlook
16 FY 23 Outlook Aspermont is well positioned to deliver higher growth in H2 23. While market conditions remain challenging, we remain financially robust and strengthening. Strong momentum is building in various parts of our business which will be demonstrated in the second half. Our inward investme
Slide 17: Aspermont has a unique value proposition
17 Aspermont has a unique value proposition 1 A 8-year-old #mediatech company with a 186-year legacy 2 The leading media services provider to the global resource industries High Growth High Margins 3 Experienced Tier 1 management team executing with success 4 Comprehensive turnaround and business mo
Slide 18: Offices and contact information
18 Australia UK Singapore Aspermont Limited Aspermont Media Aspermont Global Pte Ltd 613-619 Wellington Street No.1 Poultry 6 EU Tong Sen St 11-09 Perth London The Central (Soho 1) Western Australia, 6000 United Kingdom, EC2R 8EJ Singapore, 059817 Contact Info Contact Info Contact Info Email: corpor
Slide 19: Appendix 1: Normalized EBITDA and Cashflow reconciliation
19 Appendix 1 Normalized EBITDA Normalized Cashflow from Operations reconciliation The reconciliation of statutory earnings to EBITDA is as follows: 31 March 2023 31 March 2022 31 March 2023 31 March 2023 Half Year Ended Half Year Ended $000 $000 $000 $000 Reported income/(loss) from continuing Cash
Slide 20: Appendix 2: Key Announcements in FY22
20 Appendix 2: Key Announcements in FY 22 Financial Results Product Announcements 1. FY22 Results • Report 8. Establishment of Content Works Division • Announcement • Presentation 9. Partnership with Saudi Arabia • Announcement 2. Q1-23 Results • Announcement General Meetings 3. Interviews with Chai
Slide 21: Appendix 3: Glossary
21 Appendix 3: Glossary ABM Account based marketing (ABM) is a business marketing strategy that concentrates resources on a set of target accounts within a market. It uses personalized campaigns designed to engage each account, basing the marketing message on the specific attributes and needs of the
Slide 22: Appendix 3: Glossary
22 Appendix 3: Glossary CaaS Content as a service (CaaS) is a service-oriented model, where the service provider delivers the content on demand to the service consumer via web services that are licensed under subscription. The content is hosted by the service provider centrally in the cloud and offe
Slide 23: Appendix 3: Glossary
23 Appendix 3: Glossary Intent Data B2B intent data provides insight into a web user's purchase intent; allowing our client to identify if and when a prospect is actively considering or looking to purchase their (or similar) products or solutions. MaaS Marketing-as-a-Service (MaaS) is an agile, tail
Slide 24: Appendix 3: Glossary
24 Appendix 3: Glossary Skywave Skywave is a new platform that Aspermont is building that will warehouse all our internal data, purchased data and behavioural data of our users, clients and partners. This is a key initiative that will transform Aspermont’s capability in terms of monetising data and
Slide 25: Disclaimer
25 Disclaimer Important notice disclaimer Forward-looking standard elements Preparation of information This presentation may include forward-looking statements. Such statements can generally be identified by All financial information has been prepared and reviewed in accordance with Australian Accou
Slide 26: ASX:ASP | FRA:00W | TDG:00W
26 ASX:ASP | FRA:00W | TDG:00W