Enero Group Limited · ASX:EGG
Enero — H1 FY2015 Earnings Presentation
15 slides from Enero's earnings presentation, Feb 12, 2015
Slide 1: Results for half year ended 31 December 2014
For personal use only ASX ANNOUNCEMENT 12 February 2015 Results for half year ended 31 December 2014 Enero Group Limited (ASX: EGG) today announced its results for the half year ended 31 December 2014. Summary: Operating EBITDA1 down 8%, net revenue down 9% on prior reporting period. Improved EB
Slide 2: Enero Group Limited FY15 Half Year Results
For personal use only Enero Group Limited FY15 Half Year Results 12 February 2015 Enero Group Limited
Slide 3: 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 4: Topic: Financials, Operational Update
For personal use only Topic Slide Financials 4 Operational Update 13 PAGE 3 Enero Group Limited
Slide 5: Financial
Financials For personal use only Financial • Operating EBITDA down 8% on the prior reporting period. • Net revenue down 9% on the prior reporting period. • EBITDA margin improvement from 8.1% to 8.2% generated by cost base reductions in staff. A larger margin improvement would have been achieved how
Slide 6: Revenue and Operating EBITDA
Financials continued For personal use only Revenue and Operating EBITDA SIX MONTHS ENDED 31 DECEMBER ($M) 2014 2013 CHANGE NET REVENUE Operating Companies 56.2 61.6 (8.8%) Net Revenue 56.2 61.6 (8.8%) OPERATING EBITDA Operating Companies 8.3 8.5 (2.4%) Support office (3.2) (3.0) (6.7%) Share based p
Slide 7: Results ratio analysis
Financials continued For personal use only Results ratio analysis SIX MONTHS ENDED 31 DECEMBER ($M) 2014 2013 Net Revenue 56.2 61.6 • Staff costs ratio trending down to 72.2% in the period. Progress being made to reduce Staff costs 40.6 45.4 overall staff costs. Staff costs % 72.2% 73.7% • Operating
Slide 8: Geographical Contribution from operating companies
Financials continued For personal use only Geographical Contribution from operating companies Net Revenue Net Revenue 1H FY2015 1H FY2014 • Geographical contribution to revenue consistent year on year. USA 11% 13% Australasia continues to require investment and UK and Europe scale. 52% 52% 37% 35% U
Slide 9: Geographical Results from operating companies
Financials continued For personal use only Geographical Results from operating companies SIX MONTHS ENDED 31 DECEMBER ($M) 2014 2013 CHANGE • Australasia: improved Operating NET REVENUE EBITDA notwithstanding small Australasia 29.3 31.7 (7.6%) decline in revenues as a result of more settled teams in
Slide 10: Revenue By Industry
Financials continued For personal use only Revenue By Industry Energy, Oil & Mining Property & Construction 2% Government Education 1% Utilities 1% • Strong mix of clients across market industry Industry 1% 1% Telecommunications Bodies and sector groups demonstrates 3% 4% diversification of revenue.
Slide 11: Profit & Loss Summary
Financials continued For personal use only Profit & Loss Summary SIX MONTHS ENDED 31 DECEMBER ($M) 2014 2013 Net Revenue 56.2 61.6 Other revenue 0.1 0.2 Staff Costs (40.6) (45.4) Operating Expenses (11.1) (11.4) Operating EBITDA¹ 4.6 5.0 Operating EBITDA Margin 8.2% 8.1% Depreciation & Amortisation
Slide 12: Balance Sheet
Financials continued For personal use only Balance Sheet ($M) 31 Dec 2014 30 Jun 2014 Cash 24.2 22.5 • All cash committed deferred consideration liabilities paid. Contingent deferred Net Working Capital 1.0 0.5 consideration (Tranche 3A&3B liabilities) of Other Assets 3.2 3.5 $53.1m not recognised a
Slide 13: Cash Flow & Working Capital Management
Financials continued For personal use only Cash Flow & Working Capital Management SIX MONTHS ENDED 31 DECEMBER ($M) 2014 2013 • Conversion from Operating EBITDA to cash Operating EBITDA 4.6 5.0 remains strong. Movement in Working Capital (0.4) (1.9) • Movement in working capital minimal Restructure
Slide 14: Operational Update
Operational Update For personal use only • Key staff hires during the period ahead of the revenue curve in line with strategic goals: • Enero new business Director • Senior creative and strategic resources into Naked • Senior management hires in Hotwire to broaden product offering and drive revenue
Slide 15: Operational Update continued
Operational Update continued For personal use only • Public relations businesses Frank PR and Hotwire continue to perform well, across many of their respective markets. Corporate Edge partnered with Hotwire to provide a more diversified service offering for clients. Frank PR expanding regional UK ma