Slide 1: Results for year ended 30 June 2014
For personal use only ASX ANNOUNCEMENT 12 August 2014 Results for year ended 30 June 2014 Enero Group Limited (ASX: EGG) today announced its results for the year ended 30 June 2014. Summary Operating EBITDA1 up 159%, net revenue down 5% on prior reporting period on pro forma basis. Improved EBIT
Slide 2: Pro Forma business operating performance
For personal use only Pro Forma business operating performance: While pro forma revenue was down 5% on prior year, pro forma Operating EBITDA was up 159% on prior year. The Group achieved an improved EBITDA margin through cost base reductions in staff and operating costs and stronger collaboration a
Slide 3: Enero Group FY14 Full Year Results
For personal use only Enero Group Limited FY14 Full Year Results 12 August 2014 Enero Group Limited
Slide 4: Disclaimer
Disclaimer For personal use only This document has been prepared by Enero Group Limited (Enero) and comprises written materials/slides for a presentation concerning Enero. This is not a prospectus, disclosure document or offering document. This document is for information purposes only and does not
Slide 5: Topic Slide
For personal use only Topic Slide Financials 4 Operational Update 14 PAGE 3 Enero Group Limited
Slide 6: Financials
For personal use only Financials PAGE 4 Enero Group Limited
Slide 7: Financial
Financials For personal use only Financial • Operating EBITDA up 159% on the prior reporting period on a pro forma continuing business basis. • Net revenue down 5% on the prior reporting period on a pro forma continuing business basis. • EBITDA margin improvement from 2.8% to 7.5% generated by cost
Slide 8: Revenue and Operating EBITDA
Financials continued For personal use only Revenue and Operating EBITDA Pro forma results are adjusted for significant restructuring and divestments to allow for review of continuing business. YEAR ENDED 30 JUNE ($M) 2014 2013 CHANGE NET REVENUE Operating Companies 119.5 127.3 (6%) Less: divestments
Slide 9: Pro forma results ratio analysis
Financials continued For personal use only Pro forma results ratio analysis Pro forma results are adjusted for significant restructuring and divestments to allow for review of continuing business. YEAR ENDED 30 JUNE ($M) 2014 2013 Net Revenue 119.5 125.4 Staff costs 88.3 95.5 Staff costs % 73.8% 76.
Slide 10: Geographical Contribution from operating companies
Financials continued For personal use only Geographical Contribution from operating companies Pro forma Net Revenue Pro forma Net Revenue FY2014 FY2013 12% Australia, NZ 11% Australia, NZ and Asia and Asia UK and UK and 51% Europe 30% Europe 37% 59% North America North America Pro forma Operating Pr
Slide 11: Revenue By Industry
Financials continued For personal use only Revenue By Industry Health Utilities Property & Construction • Strong mix of clients across market industry Telecommunications Care 4% 2% 2% Energy, Oil & Mining and sector groups demonstrates 5% 1% Banking, Finance & diversification of revenue. Insurance M
Slide 12: Profit & Loss Summary
Financials continued For personal use only Profit & Loss Summary YEAR ENDED 30 JUNE ($M) 2014 2013 Net Revenue 119.5 127.3 Other revenue 0.4 0.1 Staff Costs (88.3) (97.0) Operating Expenses (22.6) (26.8) Operating EBITDA¹ 9.0 3.6 Operating EBITDA Margin 7.5% 2.8% Depreciation & Amortisation (4.8) (4
Slide 13: Profit and Loss Summary con't
Financials continued For personal use only Profit and Loss Summary con’t Significant items • Commercial settlement in relation to prior divestment of $1,150,000. No impact on ongoing operations. YEAR ENDED 30 JUNE ($M) 2014 2013 Restructure costs (1.7) (3.0) Commercial Settlement (1.2) - Non-cash fa
Slide 14: Balance Sheet
Financials continued For personal use only Balance Sheet ($M) 2014 2013 Cash 22.5 19.4 • All cash committed deferred consideration Net Working Capital 0.5 2.4 liabilities paid. Contingent deferred consideration (Tranche 3A&3B liabilities) of Other Assets 3.5 4.4 $52.1m not recognised at 30 June 2014
Slide 15: Cash Flow & Working Capital Management
Financials continued For personal use only Cash Flow & Working Capital Management YEAR ENDED 30 JUNE ($M) 2014 2013 • Conversion from Operating EBITDA to cash Operating EBITDA 9.0 3.6 remains strong. Movement in Working Capital 0.9 7.3 • Movement in working capital minimal Restructure costs (1.7) (3
Slide 16: Operational Update
For personal use only Operational Update PAGE 14 Enero Group Limited
Slide 17: Operational Update
Operational Update For personal use only • Greater collaboration and leveraging of group assets delivering more flexibility to Operating Companies and serving client requirements more effectively. Improvements in group capabilities around data, content and social continues. • Investment in human cap
Slide 18: Operational Update continued
Operational Update continued For personal use only • Frank PR and Hotwire continue to perform strongly, particularly in the UK markets. • BMF had an improved performance this financial year. • Naked’s transition to a full service agency continues, with new leadership in all hub offices settled in, n