North Media A/s · OMXCOP:NORTHM
North Media A/s — Q2 2022 Earnings Presentation
15 slides from North Media A/s's earnings presentation, Aug 18, 2022
Slide 1: North Media A/S Q2 2022 Investor Presentation
18 August, 2022 Q2 2022 Investor Presentation North Media A/S Q2 2022 report
Slide 2: Agenda
Agenda 3 Group highlights Today’s presenters 4 Strategic progress in H1 2022 5 ESG: First solar park inaugurated Lasse Brodt 6 FK Distribution Group CEO 7 BoligPortal 8 Ofir 9 BeKey Kåre Wigh 10 Full-year outlook narrowed Group CFO 11 Financial ambitions towards 2024 12 Summary 13 Q&A Forward-lookin
Slide 3: Group highlights Q2 2022
Group highlights Q2 2022 Financial results largely as expected Q2 2022 results Revenue, DKKm EBIT margin, % Free cash flow, Capital resources, 260.0 20.0 DKKm DKKm 58,1 670.7 Q2 2021: 258.9 Q2 2021: 26.1 Q2 2021: 36,6 Q2 2021: 771.1 H1 2022 results Revenue, DKKm EBIT margin, % Free cash flow, Capita
Slide 4: Strategic progress in H1 2022
Strategic progress in H1 2022 Last Mile Digital Services • Optimizations to offset • Transformation from • Develop new data platform • Build high-volume cost inflation marketplace to full rental and data warehouse business in Homecare • Double-digit growth in housing platform • Grow no. of paid job
Slide 5: ESG: First solar park inaugurated
ESG: First solar park inaugurated • 5.400 m2 solar cells at FK Distribution’s terminal in Taastrup • Battery solution slightly delayed; production projected to start in Q3 • Installation to cover up to 40% of power consumption in Taastrup • Investment of DKK 15m • A similar solar park in Tilst. Inst
Slide 6: FK Distribution
FK Distribution Results, as projected, impacted by cost inflation • Expected revenue decline in packaging and distribution business • Leaflet volumes down 5.2% in Q2-22 on positive Covid impact in Q2-21 • Growing interest for leaflets amid higher consumer prices • Positive contribution from Online,
Slide 7: BoligPortal
BoligPortal All-time high quarterly revenue in Q2 • Growth driven by new services and advertising income • June: All-time high revenue from partnerships and advertising; record- number of lease contracts and move-in/out inspection reports • Supply of rental units in the market has normalized • Margi
Slide 8: Ofir
Ofir 7th consecutive quarter with double- or triple-digit growth • 27% increase in job ad core business • Public-sector customers contributed the most to growth • Demand still exceeds Q2-21 levels, but is slightly down from Q1-22 • EBIT impacted by higher business development costs Key figures H1 20
Slide 9: Bekey
Bekey Installations and new-wins among municipalities • Growth driven by Homecare DK customers • Minor contribution from Distributor customers • 17% growth in recurring license and service fees • EBIT lower due to not capitalized development cost Key figures H1 2021 H1 2022 Q2 2021 Q2 2022 Revenue,
Slide 10: Full-year outlook narrowed
Full-year outlook narrowed Last Mile guidance (DKKm) Group full-year guidance (DKKm) Revenue EBIT Revenue EBIT 851 - 866 192 - 208 1,015 – 1,040 195 - 220 Previously: 850 - 870 Previously: 190 – 210 Digital Services guidance (DKKm) Previously: 1,010 – 1,045 Previously 190 - 220 Revenue EBIT 164 - 17
Slide 11: Financial ambitions towards 2024
Financial ambitions towards 2024 Indexed revenue performance (2021=100) Revenue growth 164 136 • ~3% annual organic growth overall 100 100 100 97 116 100 97 103 97 107 • Stable revenue in Last Mile; • ~20% growth p.a. in Digital Services Stable EBIT margin 2021 2022G 2023A 2024A • ~20% in 2024 for t
Slide 12: Summary
Summary H1 results largely as expected • Last Mile: Cost inflation manageable; double-digit growth in Online • Digital Services: Double-digit growth; earnings as projected • Free cash flow of DKK 93.2m, up from DKK 74.2m Full-year guidance narrowed • BoligPortal outlook upgraded • Outlook ranges for
Slide 13: Q&A
Q&A 13 18 August, 2022 Q2 2022 Investor Presentation
Slide 14: Financial calendar 2022 and Investor events
Financial calendar 2022 and Investor events IR contact: 18 August Q2 teleconference CFO Kåre Wigh T: (+45) 3957 7000 18 August HC Andersen Capital presentation (online) M: (+45) 2565 2145 E: kw@northmedia.dk 21 September ABG Small & Mid Cap seminar, Copenhagen 22 September Aktieinfo seminar, Kolding
Slide 15: North Media A/S Q2 2022 report
18 August, 2022 Q2 2022 Investor Presentation North Media A/S Q2 2022 report