Reach Plc · LSE:RCH
Reach — H1 2023 Earnings Presentation
13 slides from Reach's earnings presentation, Jul 25, 2023
Slide 1: Appendices: Interim Results Presentation
APPENDICES Interim Results Presentation 25 July 2023 Reach plc - Interim Results 2023 1
Slide 2: Guidance items
APPENDICES Guidance items • Depreciation – expect similar charge to 2022 (£20.2m) • P&L finance charge – expect 2023 to be slightly higher than 2022(£2.8m) • P&L tax rate – expect full year rate of 23.5% - 19% UK rate for Q1 & 25% thereafter • Cash tax – expected to be low single digit millions • Wo
Slide 3: Group income statement
APPENDICES Group income statement Reach plc - Interim Results 2023 2
Slide 4: Group balance sheet
APPENDICES Group balance sheet Reach plc - Interim Results 2023 3
Slide 5: Reconciliation of statutory to adjusted results
APPENDICES Reconciliation of statutory to adjusted results (a) Operating adjusted items relate to the items charged or credited to statutory not adjusted operating profit. (b) Pension finance charge related to the defined benefit pension schemes. Reach plc - Interim Results 2023 4
Slide 6: Operating adjusted items
APPENDICES Operating adjusted items Reach plc - Interim Results 2023 5
Slide 7: Adjusted cash flow
APPENDICES Adjusted cash flow Reach plc - Interim Results 2023 6
Slide 8: Financing
APPENDICES Financing Reach plc - Interim Results 2023 7
Slide 9: Pensions
APPENDICES Pensions *The Group has six defined benefit pension schemes. For one of these schemes the valuation as at 31 December 2019 Reach plc - Interim Results 2023 is ongoing and the above contributions are per the current schedule of contributions in respect of these schemes. 8
Slide 10: IAS19 accounting pension deficit
APPENDICES IAS19 accounting pension deficit Reach plc - Interim Results 2023 9
Slide 11: Provisions & associates
APPENDICES Provisions & associates Reach plc - Interim Results 2023 10
Slide 12: Quarterly revenue
APPENDICES Quarterly revenue Reach plc - Interim Results 2023 11
Slide 13: Data-driven revenue
APPENDICES Data-driven revenue Data-driven describes strategic revenues including those from advertising activity which utilises data generated via registrations, audience behavioural or Mantis contextual. It also includes other strategically driven revenues, less dependent on audience volumes such