Gtn Ltd. · ASX:GTN

Gtn — FY2020 Earnings Presentation

22 slides from Gtn's earnings presentation, Aug 27, 2020

  1. Slide 1: FY20 Results Presentation

    GTN Limited FY20 Results Presentation 27 August 2020

  2. Slide 2: Today's presenters

    Today’s presenters Bill Yde (CEO and founder) Scott Cody (CFO and COO) 1

  3. Slide 3: Contents

    Contents 01 Overview 3 02 Group financial performance 6 03 Financial performance by operating segment 9 04 Update on growth strategy 14 05 Update on trading 17 A Additional financial information 19

  4. Slide 4: Overview

    Section 01 Overview

  5. Slide 5: Overview

    Overview GTN’s FY20 revenue decreased 13% compared to FY19 due to COVID-19 pandemic which had significant impact on profitability due to the Group’s fixed cost structure Key Highlights ⚫ FY20 revenue decreased across all markets due to COVID-19 pandemic — Revenue to date through 3Q FY20 up 2% despit

  6. Slide 6: GTN's global advertising platform

    GTN’s global advertising platform GTN’s global advertising platform is a combination of established, market leading businesses and large new market opportunities ATN CTN UKTN BTN FY2020 Revenue A$m 79.0 27.0 42.6 12.4 FY2019 Revenue A$m 93.9 33.2 45.2 12.6 FY20 vs FY19 (15.9)% (18.8)% (5.9)% (1.6)%

  7. Slide 7: Group financial performance

    Section 02 Group financial performance

  8. Slide 8: Key drivers of financial performance

    Key drivers of financial performance GTN revenue declined 13% due to COVID-19 pandemic. While operating expenses were lower the reduction was not sufficient to maintain Adjusted EBITDA and NPATA. Commentary GTN Group revenue ⚫ Revenue decrease driven primarily by impact of COVID-19 pandemic GTN — YT

  9. Slide 9: Strong liquidity position

    Strong liquidity position Net debt (debt less cash balances) of $7.4 million. Total Gearing to Adjusted EBITDA of 0.52x. Historical balance sheet Summary cash flow 30 June 2020 30 June 2019 Current Assets $’000 $’000 Cash and cash equivalents 57,040 50,728 Trade and other receivables 19,910 38,091 F

  10. Slide 10: Financial performance by operating segment

    Section 03 Financial performance by operating segment

  11. Slide 11: ATN

    ATN ATN revenue decreased in a challenging macro environment including impact of COVID-19 pandemic ATN revenue performance Commentary ⚫ ATN revenue declined by 15.9% primarily due to weak fourth quarter performance related to COVID-19 pandemic — Revenue to date through 3Q FY20 down 4% related to dif

  12. Slide 12: CTN

    CTN CTN revenue very soft for beginning of fiscal year and 4Q FY20 while showing solid growth in between CTN revenue performance (AUD) CTN revenue performance (CAD) 33.2 31.4 27.0 24.3 FY19 FY20 FY19 FY20 Commentary ⚫ CTN revenue decreased in both AUD and CAD due to COVID-19 pandemic CTN KPIs — YTD

  13. Slide 13: UKTN

    UKTN UKTN solid revenue performance in both GBP and AUD prior to COVID-19 pandemic UKTN revenue performance (AUD) UKTN revenue performance (GBP) 45.2 25.0 42.6 22.7 FY19 FY20 FY19 FY20 UKTN KPIs Commentary ⚫ UKTN revenue decreased primarily due to COVID-19 pandemic FY20 FY19 % chg — YTD 3Q FY20 reve

  14. Slide 14: BTN

    BTN BTN managed revenue growth of 6% in local currency which was more than offset by unfavourable currency fluctuations BTN revenue performance (AUD) BTN revenue performance (BRL) 36.9 34.9 12.6 12.4 FY19 FY20 FY19 FY20 Commentary ⚫ Revenue performance driven by outstanding first nine months of FY 2

  15. Slide 15: Update on growth strategy

    Section 04 Update on growth strategy

  16. Slide 16: GTN growth strategy

    GTN growth strategy Management is focused on reducing expenses and conserving cash while maintaining business infrastructure ⚫ Maintain affiliate networks and sales management and staffs —We believe that continuing to have a strong product is key to maximizing revenue in current environment —Also is

  17. Slide 17: Capital Management

    Capital Management Primary focus is to conserve cash as it is not possible to predict when the COVID-19 pandemic will end nor when revenue will return to pre-COVID-19 pandemic levels ⚫ On-market share buyback limited by both cash conservation and bank facility —While share buyback is still in place

  18. Slide 18: Update on trading

    Section 05 Update on trading

  19. Slide 19: GTN Trading Update – July & August 2020

    GTN Trading Update – July & August 2020 To date, revenue for July and August have out performed 4Q FY20 performance ⚫ July 2020 revenue decreased sharply compared to July 2019 —However, July 2020 revenue on a percentage basis was an improvement over 4Q FY20 (which decreased 57%) —While revenue decre

  20. Slide 20: Additional financial information

    Appendix A Additional financial information

  21. Slide 21: Reconciliation of non-IFRS measurements back to IFRS

    Reconciliation of non-IFRS measurements back to IFRS EBITDA, Adjusted EBITDA & NPATA Reconciliation of EBITDA and Adjusted EBITDA to Profit (loss) before income tax ($m) (1) FY2020 FY2019 Profit (loss) before income tax (0.6) 22.9 Depreciation and amortization 11.8 11.2 Finance costs 2.9 3.6 Interes

  22. Slide 22: Disclaimer and important information

    Disclaimer and important information The information contained in this document is general background information about GTN Limited (ACN 606 841 801) (the “Company”) and its activities as at the date of this document. It is in summary form and does not purport to be complete. It should be read in co

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