North Media A/s · OMXCOP:NORTHM
North Media A/s — Q1 2024 Earnings Presentation
14 slides from North Media A/s's earnings presentation, May 23, 2024
Slide 1: Q1 interim report 2024
Q1 interim report 2024 "NORTH MEDIAns a
Slide 2: Forward-looking statements
Forward-looking statements This presentation and related comments Today’s presenter contains statements about the future, including expectations for 2024, which are inherently subject to risks and Kåre Wigh Group CFO uncertainties that could cause actual results to differ materially from those expec
Slide 3: Business highlights Q1 2024
Business highlights Q1 2024 SDR integration in North BoligPortal signed Media progressed as contract with planned; Use of the FK Nykredit/Totalkredit on Distribution systems in Data Insights modules both companies and test for property value of automated packing assessment and for Sweden scheduled a
Slide 4: Group financial highlights Q1 2024
Group financial highlights Q1 2024 Revenue, DKKm EBITDA, DKKm EBITDA margin, % 327 39.2 12.0 (2023: 240) (2023: 50.4) (2023: 21.0) Free cash flow, DKKm Capital resources, DKKm -8 950.8 (2023: 53.6) (2023: 855.5) 23 May 2024 Q1 2024 Investor Presentation
Slide 5: Business highlights
A BoligPortal . se: Business al | } q b4 a highlights lejeboligportal.
Slide 6: FK Distribution
FK Distribution Performance as expected • Revenue down 3% mainly due lower distribution of local newspapers • Leaflet volume on par with Q1 2023 when adjusted for impact of closing of two supermarket chains last year • More customers increased leaflet volume • EBITDA impacted by lower revenue and co
Slide 7: SDR Svensk Direktreklam AB
SDR Svensk Direktreklam AB Operations impacted by integration process • Integration progressing to plan • Decision to use FK Distribution’s production systems • Introduction of automated packing on track, first test expected end-Q2 2024 • Non-recurring non-cash write-down of IT system Key figures Q1
Slide 8: BoligPortal
BoligPortal Contract win and transformation on track • Flat revenue development against record high Q1 2023 • Slight revenue decrease in Bostadsportal.se • Data Insights contract with Nykredit/Totalkredit • EBITDA impacted by higher costs related to the transformation towards a full rental housing p
Slide 9: Ofir
Ofir Lower activity level impacted results • Revenue down 13%, partially due to Easter • Slightly decreasing number of new job adds against Q1 2023 • Particularly the private sector continued buying smaller advertising packages • EBITDA impacted by revenue development Key figures Q1 2023 Q1 2024 Rev
Slide 10: Bekey
Bekey Focus on optimising processes • Revenue down 3%. Homecare DK segment main contributor and number of door entries increased • Higher proportion of recurring license and service fees • EBITDA was lower due to revenue development and higher fixed costs for continued standardisation and automation
Slide 11: ESG target: 100% renewable energy
ESG target: 100% renewable energy • Our target: 100% renewable energy Commitment: By 2030, all energy used in offices and production 24% facilities come from renewable sources 2023 2030 Baseline year: 2018 • Significant target driver is our solar systems in Taastrup and Tilst • Tilst: System ready,
Slide 12: Full-year outlook 2024 narrowed
Full-year outlook 2024 narrowed Group full-year guidance Comments Revenue, DKKm EBITDA, DKKm EBIT, DKKm • The upper end of the guided revenue and EBITDA ranges are 1,310-1,355 170-200 95-125 narrowed based on further SDR business insight and adjustment (previously 1.310-1.375) (previously 170-210) (
Slide 13: Q&A
Q&A 23 May 2024 Q1 2024 Investor Presentation
Slide 14: IR contact
IR contact: CFO Kåre Wigh M: (+45) 2565 2145 E: kw@northmedia.dk