H Results. September 27 th 2017
|
|
- Olivia Andrews
- 6 years ago
- Views:
Transcription
1 H Results September 27 th 2017
2 Mediawan Update
3 Key Highlights Creation of a new media group with the acquisition and integration of Groupe AB Confirmation of the booming appetite for TV content in Europe and globally Solid business performance supported by new commercial initiatives Strong H1 financial results comforting FY17 targets Continued focus on M&A through disciplined market screening 3
4 Mediawan : from a SPAC to a leading independent player December 2015: Founded as a SPAC by PA Capton, X Niel and M Pigasse April 2016: Raised 250m through an IPO on Euronext Paris March 2017: Realized its first structuring acquisition, Groupe AB Today: Leading independent editor, producer and distributor of TV content in French speaking Europe Means and ambition to aggregate independent cies with complementary expertise Largest production & distribution platform in French speaking Europe Large and diversified library of programming rights (c. 12,000 hours) c. 80 hours in-house production per year Strong portfolio of channels and digital services 19 TV channels Entertainment Special interest Documentaries Scaled and balanced business 2016 revenue of 160m 2016 EBITDA of 37m 370 full-time employees equivalent 4
5 Key achievements since IBC organic levers Channels & Digital Production & Distribution Develop new / rebranded channels Launch of new channels to strengthen the group s offering and diversify the thematic offering: - AB-Xplore (Belgium FTA) - Channels rebranding (in progress) - New channel launches on identified verticals (in progress) Accelerate international content distribution Strengthened partnership with the global content platforms distributing Mediawan content: - AMC & BBC (Missions) - Amazon (in discussions) - Netflix (in discussions) Initiate new monetization opportunities New levers deployed to generate additional revenues with limited incremental costs - Advertising: AB3 Switzerland - Digital: app Mon Science & Vie Junior Invest in premium content Continuous investment in both internal production and acquired content: - Approx. 22m invested in content over H1 - Babylon Berlin: unprecedented budget for a non-english-language series - In house production projects (Black Spot S2) 5
6 Key achievements since IBC M&A levers Large # opportunities explored Disciplined approach Acquisition of 80% of CC&C Acquisition of 35% of RTL9 Numerous opportunities under review Fragmented landscape with few pan-european players Mediawan is an attractive and distinctive project in the industry, constituting a unique development opportunity for independent talents Boiling M&A market Strategic rationale comes first Reasonable acquisition multiples Long-term incentive to align interests with the top talents Acquisition of CC&C, operating the global Apocalypse brand International content, highly complementary to Groupe AB expertise Attractive valuation parameters and reinvestment of the founders Rationalization of portfolio Full integration of one of the largest channels of the group More than 20 companies under review Include both small add-ons and transforming transactions Clearly identified areas of focus incl. animation and fiction 6
7 H1 results key highlights Reported performance (with Groupe AB consolidated over 3 months): Revenues of 38.6m EBITDA of 10.0m Pro forma performance (with Groupe AB consolidated over 6 months): Revenues of 86.8m EBITDA of 21.5m Consolidated cash position of 104m Confirmed guidance for FY
8 Alignment of stars for the European content market Hulu to spend $2.5 billion on content in 2017, add 7 more original series 8
9 Strategy and outlook Capitalize on the booming demand for TV content Strengthen relationships with global platforms as well as local broadcasters thanks to our independent status Develop production capabilities with organic developments as well as selected acquisitions Focus on fully pre-financed productions Build a large and diversified library of rights Consolidate a European leader with acquisitions in complementary verticals 9
10 Divisional overview
11 Mediawan Today: leading independent content editor, producer and distributor Leading independent integrated player in France Founded in 1977, Groupe AB is a leading player in channels broadcasting, production and distribution of audio visual content in French-speaking Europe Fully integrated business model with a broad offering across the value chain of the French TV landscape...with scaled and balanced asset base 2016 revenue of 160m (a) 2016 EBITDA of 37m (a)(b) 2016 unlevered FCF > 30m and 80% cash conversion ratio 370 full-time employees equivalent Large and diversified library of programming rights 2016 revenue by segment (a)(c) 2016 EBITDA by segment (a)(b) Production c. 80 hours inhouse production per year Distribution c. 12,000 hours of programming in library Channels & Digital 19 TV channels in entertainment, special interest and documentaries Production & Distribution c. 1/3 Channels & Digital c. 2/3 Production & Distribution c. 70% Channels & Digital c. 30% Strong integration between the group s divisions (a) Excluding exceptional revenues of 7.5m (b) After amortization of programming rights (c) Excluding c. 60m intra-group revenue 11
12 Resilient channels and digital business Channels & Digital Strong portfolio of channels Strong portfolio of 19 channels widely distributed in French speaking territories and globally Categories of channels focused on entertainment, special interest and documentaries, with differentiated positioning and partnerships with premium content publishers Meaningful production and purchasing efficiencies generated through integrated operating structure Contractual fees with advertising upside 107m external revenues in FY2016 (a) Others Carriage Carriage Fees: Driven by contractual 13 % Fees relations with channels broadcasters. Advertising 67 % 2/3rd are fixed revenues 20 % Advertising: Driven by audience results and channels attractivity to advertisers Other: Transportation, audiotel, TV shopping, barters. Channels portfolio Broad coverage with key strategic relationships Entertainment Special interest Documentary 3 channels Basic packages widely distributed Large advertising potential 12 thematic channels ARPU generating Strong digital potential 4 channels High-end positioning Strong ARPU subscribers Extensive distribution strategy Leading independent player in France benefiting from long term relationships with pay-tv platforms Significant and fast growing international presence Wide distribution in standard package to pay-tv operators in France, Switzerland and Belgium Wide broadcasting generating audience and growing advertising revenues (a) Excluding exceptional revenues of 7.5m 12
13 Channels & Digital Key trends Channels & Digital Key factors of H performances Full effect of new channels launches and improved distribution within pay-tv services Pick up in French advertising market Positive current market dynamics and trends that require vigilance Positive focus on content driven by competitive dynamics between operators (Vivendi, Altice, Orange) Signs of improvements at Canal Vertical integration (Altice own channels ) Potential sides effects of sports rights inflation and TF1 carriage fees row TF1 Belgian market entry Focuses for H Channel distribution contracts renegociations Rebranding and new channels developments Consolidation of Belgian position with ABXplore 13
14 Channels & Digital H1 performance Channels & Digital Revenues (+2%) Key comments +5% in carriage fees, due to increased distribution and new channels launches Heterogenous results on French, Belgian and Swiss markets led to +3% in advertising revenues, led by good performances on the French market, that shows signs of recovery Partially offset by a decrease in other revenues eg transport (no EBITDA impact) and technical services EBITDA (+24%) Strong EBITDA increase due to fixed cost base and good cost control In m H Reported External revenues Total revenues Performance review H Pro forma H Restated Change (%) % % EBITDA % Rec. EBIT % 14
15 Leading independent production and distribution player Production & Distribution Fully integrated platform 2016 revenue contribution Leading producer and distributor of TV programs, including fiction (TV series & movies), cartoons and documentaries Distribution rights under mandate are generated through in-house productions, rights acquisitions or 3rd-party mandates Increasing international distribution activities (approx. 20% of 2016 distribution revenues) thanks to recognised expertise and international relationships 53m external revenues in 2016 (a) Distribution: Sales of broadcasting rights on library programming (incl. subsequent and international sales on in-house productions and acquired rights / mandates). 20% of international sales Production: Sales of first-run broadcasting rights on newly produced programming (generated by own studios) to original broadcasters. Distribution 67 % Production 33 % 80 hours of in-house production per year Library overview (in % hours) Fiction Animation / Children s content Documentaries French TV series for wide audience Coproduction of TV series with strong potential for international distribution Exclusive partnership with On Entertainment (Method Animation) 2 series under production in 2017 c. 50 documentaries pa, distributed in France and globally Investment in projects with strong potential of international distribution Rights under mandate 15% Rights Acquired 41% In-house Production 44% Films and Telefilms 14% Documentaries 14% Animation 12% TV series and Sitcoms 60% (a) Excluding c. 54m intra-group revenue 15
16 Production & Distribution Key trends Production & Distribution H performances : strong production deliveries New prime time series: Zone Blanche (Black Spot) 8 episodes delivered Commercial success internationally Two recurrent series: Section de Recherches : 6 episodes delivered / Alice Nevers : 10 episodes delivered New co-production model fully implemented with local broadcasters New investment opportunities sourced for library (Babylon Berlin) Current market dynamics Market interest internationally for French content both from platforms (Netflix, Amazon) and from traditional broadcasters (BBC, RTL) Increase tax credit regime has helped relieve pricing pressure New channel launches creating demand in France Focuses for H Season 2 of Zone Blanche (Black Spot) in preparation New seasons of Section de Recherches and Alice Nevers in production Integration of CC&C, with synergies with channels and distribution businesses New series in development 16
17 COSTS REVENUES Production & Distribution Accounting policy Production & Distribution PRODUCTION DISTRIBUTION Recognized at delivery Corresponds to the group s co-producer share of revenues (split between co-producers and co-owners of the rights, based on respective participation) Recognized when the broadcasting rights open for the client (and after the broadcaster has accepted the material) No revenue repartition for multi-year contracts Recorded as fixed assets at production cost (excluding financial and marketing costs) Co-producers share and some subventions are deducted from the gross carrying amount All direct costs are capitalized and recognized as costs in the P&L through amortization Purchase costs recorded as fixed assets when the broadcasting rights open Costs are capitalized and recognized as costs in the P&L through amortization Revenues recognition is linked to deliveries and rights opening: potential volatility of revenues on short periods Costs are capitalized: costs recognition in the P&L follows revenues recognition (reported above EBITDA) Amortization of rights based on recognized revenues compared to expected future receipts 17
18 Production & Distribution H1 performance Production & Distribution Revenues (+6%) Key comments Revenues led by high distribution sales on H Increased production deliveries in 2017 offset by the co-production effect [1] on revenues. EBITDA (-11%) Particularly low amortizations levels in H due to the sales mix Prudent amortization of new productions in H In m H Reported External revenues Total revenues Performance review H Pro forma H Restated Change (%) % % EBITDA % Rec. EBIT % [1] Co-production financing is deducted from costs rather than accounted for in revenues 18
19 H Financials
20 Scope of consolidation and accounting introduction IFRS accounts, no significant difference in accounting principles vs. Groupe AB Perimeter and treatment of M&A operations Groupe AB consolidated since acquisition on March 31 st RTL9 consolidated at 100% as of June 30 th (no minority interests at closing) CC&C not consolidated in H1 (acquired on July 20 th ) 6 months Pro Forma: key indicators presented in the audited accounts EBITDA defined post amortization of audiovisual rights D&A as presented below EBITDA only relates to other intangible and tangible assets Exceptional items restated from P&L: indemnity received from interruption of SVOD and costs related to the IBC (but not other M&A costs) Goodwill: PPA work to be completed for FY
21 Consolidated P&L Key comments Consolidated PF revenues of 86.8m +3% vs. H on a like for like basis (ie excluding SVOD indemnity payment) Primarily driven by channels carriage fees and distribution revenues Consolidated PF EBITDA of 21.5m 25% EBIDTA margin, higher than FY guidance Lack of comparability with 2016 performance because of holding and M&A costs Net income affected by IBC-related fees and significant tax expense Performance review In m H Reported H Pro forma Revenues Cost of sales (22.0) (52.1) SG&A (6.5) (13.2) EBITDA D&A (excl. rights) (1.0) (1.9) Current EBIT Exceptional items (6.2) Financial income (1.4) EBT 1.5 Tax (2.4) Minority interests (0.3) Net Income (1.2) 21
22 Summary Balance Sheet ASSETS ( m) LIABILITIES ( m) Intangible assets 69 Goodwill 190 Other assets 15 Working capital 63 Shareholders equity 214 Financial debt 137 Other liabilities 11 Working capital 80 Cash & equivalents 104 Total assets 442 Total liabilities 442 Goodwill (from the IBC and previous acquisitions) will be allocated in FY 2017 accounts Significant cash resources available Additional financing options being explored to increase financial flexibility Financial debt of 137m Mainly relates to 130m credit facility raised for the IBC (5-year amortizable loan) Financial debt also includes 1m interim production financing lines and 4m payment for RTL9 minority stake 22
23 H net cash evolution On a PF basis, Mediawan generated +5 M cash flow over the first half of ,7 IBC impact: -289 M Mediawan Pro Forma (Groupe AB over H1 2017): +5 M 70,0 50,0 30,0 10,0 In m (241,2) (4,0) (38,1) (33,2) (10,0) (15,0) 21,5 (30,0) (5,7) (0,3) 0,6 (28,5) (11,3) (50,0) Net Debt as of Dec16A Acq. of shares in Gpe AB (net of cash) Acq. of shares in RTL9 Transac. Fees Capital reduction PF as of 1st Jan17A PF EBITDA Change in WC & library rights Capex (excl. audio.) Tax Others Net Debt as of June17A 23
24 2017 outlook Confirmed 2017 targets for the Groupe AB perimeter Revenues > 163m EBITDA > 37m Other contributions to be taken into consideration for FY2017 results Contribution from CC&C and potential other acquisitions Holding and M&A costs to support build-up of the group Key areas of volatility Production delivery schedule at CC&C Cut-off considerations for programming distribution 24
25 Strategic focus
26 Accelerate on content with international reach Strong demand for European content 1 Proliferation of platforms ~87m subs ~69m subs ~12m subs Use viewer segmentation to deliver more targeted audiences to advertisers ~1.8bn users >1bn users ~150m users 2 Increasing spend on content Spending on content in 2016 ~$5bn ~$3.2bn Monetize new and existing content across a greater number platforms 3 M&A heightening value of content (a) Strong strategic demand for premium proprietary content / IP assets 4 European content has global success 7.8 / 10 IMDb 8.3 / 10 IMDb 8.7 / 10 IMDb TV series produced in Europe are increasingly successful globally (a) Distribution agreement instead of acquisition Source: Broker research, press reports, IMDb, Variety, BCG and Statista 26
27 Focus on re-inforcing the library of rights Prime-time TV series TV series under mandate Current primetime French TV series Section de recherches Alice Nevers Black Spot Original creations of Canal + Spiral Mafiosa Kaboul Kitchen Classic French TV series Une femme d honneur Navarro L Instit Prime-time units Collection «Meurtres à» International TV series Un cas pour deux Rex Friends Strong animation brands Snoopy Iron Man American feature film 175 best movies from Paramount library TV series with a large public success Fais pas çi, Fais pas ça Famous animated TV series Miraculous 7 & Me New gen TV series with strong potential Lazy Company Les Grands Missions TV series still under production 27
28 Production: priority on fully pre-financed projects Production on demand : broadcasters are committed to funding the program production (co-production scheme) and/or to buy the rights for the first run (pre-sale scheme) Other financing sponsors (co-producers, CNC, regional subsidies, tax credit, minimum guarantees for international distribution, ) are secured before production: planned costs are totally covered by commitments from sponsors Financing needs are solely related to the time differences between cash inflows (from sponsors) and outflows (costs) during production after the development phase: PRIMARY MARKET : PRODUCTION SECONDARY MARKET : DISTRIBUTION Development phase Project writing & organization Budget & financing planning Production phase Filming / Editing / Post-production Program delivery Program commercialization (France & international) CASH INFLOWS Optional : Advances from co-producers Phased payments from co-producers and broadcasters Subsidies from CNC (mostly at project approval) French Tax Credits (payment on year N+1 after delivery) Other sponsors, including potentially minimum guarantees for international distribution Financing commitments fully covering production costs at launch Production margin : structurally limited Distribution margin : structurally high 28
29 Accelerate M&A strategy Mediawan will build a global platform for premium content, by expanding Groupe AB business as well as making strategic investments in other verticals Business will remain integrated with a centralized distribution organization GLOBAL CONTENT PLATFORM EXISTING PERIMETER SELECTED ADD-ONS ANIMATION INTERNATIONAL FICTION OTHERS Strengthening of existing portfolio and production log Focus on national Free TV content Recruitment of talents Developments in key areas of expertise Local fiction Documentaries Entertainment Existing presence Strong visibility on production schedule High international potential Very fragmented market attracting Production of premium series with high international potential Targeted towards pay-tv operators Local content in other European geographies Cinema rights Digital content Common platform for multi-channel distribution Creation and development of proprietary IP feeding a library of premium content 29
30 Why invest in Mediawan? Attractive content market fundamentals with explosive demand globally Unique sponsor and management team with recognized industry expertise Large library and premium proprietary IP delivering strong and predictable cash flow Powerful levers for growth through content production and multiplatform exploitation Fragmented industry with few sizable independent players Ambition and capability to pursue accretive M&A and build a leading international player 30
31 Legal disclaimer and contacts Legal disclaimer These materials are being provided to you on a confidential basis, may not be distributed to the press or to any other persons, may not be redistributed or passed on, directly or indirectly, to any person, or published or reproduced, in whole or in part, by any medium or for any purpose. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of Mediawan or any subsidiary or affiliate of Mediawan nor should it or any part of it form the basis of, or be relied on in connection with, any purchase, sale or subscription for any securities of Mediawan or any subsidiary or affiliate of Mediawan or be relied on in connection with any contract or commitment whatsoever. The information contained herein has been obtained from sources believed by Mediawan to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable, it has not been independently verified and no representation or warranty, expressed or implied, is made by Mediawan or any subsidiary or affiliate of Mediawan with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. In particular, certain of the financial information contained herein has been derived from sources such as accounts maintained by management of Mediawan in the ordinary course of business, which have not been independently verified or audited and may differ from the results of operations presented in the historical audited financial statements of Mediawan and its subsidiaries. Neither Mediawan nor any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss or damage howsoever arising from any use of this presentation or its contents, or any action taken by you or any of your officers, employees, agents or associates on the basis of this presentation or its contents or otherwise arising in connection therewith. The information contained in this presentation has not been subject to any independent audit or review and may contain forward-looking statements, estimates and projections. Statements herein, other than statements of historical fact, regarding future events or prospects, are forward-looking statements, including forward-looking statements regarding the group s business and earnings performance, which are based on management s current plans, estimates, forecasts and expectations. These statements are subject to a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Although Mediawan believes that the estimates and projections reflected in the forward-looking statements are reasonable, they may prove materially incorrect, and actual results may materially differ. As a result, you should not rely on these forward-looking statements. Mediawan undertakes no obligation to update or revise any forward-looking statements in the future or to adjust them in line with future events or developments, except to the extent required by law. Investor Relations Team Media Relations Team Further information Mediawan investors@mediawan.eu NewCap Marc Willaume mediawan@newcap.eu Mediawan press@mediawan.eu NewCap Nicolas Merigeau mediawan@newcap.eu For all financial or business information, please refer to our website at: 31
SFAF Presentation. June 6 th 2017
SFAF Presentation June 6 th 2017 Mediawan team today s presentors PIERRE-ANTOINE CAPTON CEO & co-founder Founder of 3e Oeil Productions, one of the largest French independent production companies TV production
More informationSociété Générale, USA, May 13 th -15 th RTL Group
Société Générale, USA, May 13 th -15 th 2015 RTL Group Agenda 1 2 3 4 2015 5 Quarter 1 2015 highlights Group financials Business segments Outlook 2015 Strategy update 2 1 2 3 4 5 Highlights Successful
More informationRecommended acquisition of The BSS Group plc. 5 July 2010
Recommended acquisition of The BSS Group plc 5 July 2010 Important information This document is being made available only to persons who fall within the exemptions contained in Article 19 and Article 49
More informationDISCLAIMER. The content of this document must not be considered as an offer document nor as a solicitation to buy or sell M6 Group shares.
RI 2 DISCLAIMER Statements contained in this document, particularly those concerning forecasts on future M6 Group performance, are forward-looking statements that are potentially subject to various risks
More informationXING AG. Dr. Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) Hamburg, May 12, 2010
Q1 Results Presentation XING AG Dr. Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) Hamburg, May 12, 2010 01 Starting Position Recap from FY 2009 results presentation... 2010: The year of profitable growth...
More informationFor personal use only
BIGTINCAN HOLDINGS LIMITED FULL YEAR RESULTS PRESENTATION AUGUST 2018 1 2017 BIGTINCAN 2018 BIGTINCAN I SEPTEMBER 11, 2017 FY18 Financial Highlights ARR* $15.4m REVENUE $13.1m LOSS ($6.8m) 41% 42% 15%
More informationFIRST QUARTER RESULTS 2016 INVESTOR PRESENTATION
FIRST QUARTER RESULTS 2016 INVESTOR PRESENTATION THREE MONTH RESULTS 21 APRIL 2016 Highlights and key figures Operating and financial review Outlook and priorities Appendix FIRST QUARTER RESULTS 21 APRIL
More informationOddo Geneva December
Oddo Geneva December 11 2009 Disclaimer This document includes forward looking statements relating to Ingenico s future prospects, development and business strategies. By their nature, forward looking
More informationContinued Growth Ströer Out-of-Home Media AG Investor Presentation Roadshow Stockholm, June
Continued Growth Ströer Out-of-Home Media AG Investor Presentation Roadshow Stockholm, June 7 2011 1 # 1 in underpenetrated and attractive growth markets #1 in GERMANY Europe s largest ad. market #1 in
More informationH&M group capital markets day Stockholm 2018 H&M GROUP CAPITAL MARKETS DAY 2018
H&M group capital markets day Stockholm 2018 Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT A CAPITAL MARKETS EVENT AND IS PROVIDED
More informationViewing the Future On the Way to become a Television and Digital Entertainment Powerhouse by 2015
Capital Markets Day ProSiebenSat.1 Media AG Viewing the Future On the Way to become a Television and Digital Entertainment Powerhouse by 2015 Thomas Ebeling, October 5, 2011 Keynote Page 1 An attractive
More informationFY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski
FY2015 Results Presentation CEO & Managing Director - Julian Ogrin CFO - Leanne Wolski 21 August 2015 Important notice and disclaimer This presentation includes information about the activities of amaysim
More informationPresentation for Deutsche Bank Swiss Equities Conference
Zurich Airport, 19 th May 2010 Monika Ribar, CEO Presentation for Deutsche Bank Swiss Equities Conference 19 th May 2010 2 Panalpina at a glance Comprehensive global network Among top 5 globally in air
More informationSoftware AG announces offer for IDS Scheer
Software AG announces offer for IDS Scheer Analyst Presentation Karl-Heinz Streibich, CEO Arnd Zinnhardt, CFO July 14, 2009 Forward Looking Statement The information contained in this presentation has
More informationHAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION
HAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION UNICREDIT GERMAN INVESTMENT CONFERENCE MUNICH, SEPTEMBER 2010 Hamburger Hafen und Logistik AG DISCLAIMER The facts and information contained herein
More informationKBC Securities London. December 2013
KBC Securities London December 2013 Disclaimer This presentation is not an offer or solicitation of an offer to buy or sell securities. It is furnished to you solely for your information and use at this
More informationMonetising Online and Mobile Traffic. March 2016
Monetising Online and Mobile Traffic March 2016 1 Disclaimer THIS PRESENTATION (THE PRESENTATION ) WHICH HAS BEEN PREPARED BY XLMEDIA PLC. (THE COMPANY) IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE
More informationAmbition AXA Investor Day June 1, 2011
Ambition AXA Investor Day June 1, 2011 Creating sustainable value through customer centricity and efficiency Véronique Weill, Group COO Nicolas Moreau, CEO AXA France Cautionary note concerning forward-looking
More informationFyber N.V. Deutsches Eigenkapitalforum Ziv Elul, CEO 26 November 2018
Fyber N.V. Deutsches Eigenkapitalforum 2018 Ziv Elul, CEO 26 November 2018 Agenda 01 02 03 04 Market Update Fyber at a Glance Growth Strategy & Perspectives Financials & Outlook - Page 3 - - Page 6 - -
More informationFiscal 2017 Fourth Quarter and Year-End Earnings Conference Call. Wednesday, October 18, a.m. ET
Fiscal 2017 Fourth Quarter and Year-End Earnings Conference Call Wednesday, October 18, 2017 8 a.m. ET Safe Harbour Disclosure Forward-looking Statements This presentation contains forward-looking information
More informationFORM F4 BUSINESS ACQUISITION REPORT. TMX Group Inc. (formerly TSX Group Inc.) The Exchange Tower 130 King Street West Toronto, Ontario M5X 1J2
1. Identity of Company FORM 51-102F BUSINESS ACQUISITION REPORT 1.1 Name and Address of Company TMX Group Inc. (formerly TSX Group Inc.) The Exchange Tower 10 King Street West Toronto, Ontario M5X 1J2
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION SWISS EQUITIES CONFERENCE BAADER HELVEA R. ERNI, CFO BAD RAGAZ 12 JANUARY 2018 Panalpina Biz Model / Strategy Achievements and key figures Operating and financial review Appendix
More informationSummary Sanoma in transformation. Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO
Summary Sanoma in transformation Capital Markets Day 2012 Harri-Pekka Kaukonen President and CEO Managing the digital transformation Drive performance of current business Multi-platform and digital growth
More informationInvestment Proposal. March 19th, Jenny Park Arthi Sairam. LinkedIn Corporation (NYSE- LNKD)
Investment Proposal LinkedIn Corporation (NYSE- LNKD) March 19th, 2016 Jenny Park Arthi Sairam Agenda I. Executive Summary II. Business Overview A. Company Overview B. Free Solutions C. Monetized Solutions
More informationMunksjö historical. Ahlstrom- Munksjö Net sales Other operating income Total income
1 APPENDIX: UNAUDITED PRO FORMA FINANCIAL INFORMATION The following unaudited pro forma consolidated financial information (the Pro forma financial information ) is presented for illustrative purposes
More informationRNTS MEDIA. DVFA Spring Conference May 2017
RNTS MEDIA DVFA Spring Conference May 2017 AGENDA 01 02 03 THE COMPANY & LATEST NEWS THE OPPORTUNITY FINANCIALS & OUTLOOK 2 01 THE COMPANY DIGITAL ADVERTISING TECHNOLOGY PROVIDER NEUTRAL SUPPLY-SIDE POWERHOUSE
More informationSunrise Communications Group AG. Olaf Swantee
Sunrise Communications Group AG Olaf Swantee Agenda 1 First impressions 2 Q2 16 Summary 4 Conclusion 5 Q&A 2 Strong 1 st impressions - solid base to build on for the future Innovative products via diversified
More informationImportant Notice. This communication is not an offer to sell or the solicitation of an offer to buy any securities.
1 Important Notice 2 This communication is not an offer to sell or the solicitation of an offer to buy any securities. The presentation contains statements which constitute forward looking statements within
More information4904 (TWSE) Q Investor Update. Disclaimer. Yvonne Li President
1 494 (TWSE) 214 1Q Investor Update Yvonne Li President 2 Disclaimer This presentation contains forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions,
More information2018 First Half Results. September 27, 2018
2018 First Half Results September 27, 2018 Disclaimer This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any
More informationFiscal 2016 Fourth Quarter and Year-End Earnings Conference Call. Wednesday, October 19, p.m. ET
Fiscal 2016 Fourth Quarter and Year-End Earnings Conference Call Wednesday, October 19, 2016 2 p.m. ET Safe Harbour Disclosure Forward-looking Statements This press release contains forward-looking information
More informationFY2011 results presentation (January December) Madrid, February 22 nd 2012
FY2011 results presentation (January December) Madrid, February 22 nd 2012 1 GROUP 26.4 Recurring EBITDA margin up to 19.1% thanks to the Group s strong cost control policy RTVE Antena3 Group 17.1 22.3
More informationGRUPO ANTENA 3 FY12 RESULTS. February 28th,
GRUPO ANTENA 3 FY12 RESULTS February 28th, 2013 www.grupoantena3.com FY12 Highlights According to our estimates, Total Ad market declined by -16% in 2012 (TV and Radio down by -19% and -14% yoy respectively)
More informationPRESENTATION OF 2011 ANNUAL RESULTS 15 February 2012
PRESENTATION OF 2011 ANNUAL RESULTS 15 February 2012 DISCLAIMER Statements contained in this document, particularly those concerning forecasts on future M6 Group performance, are forward-looking statements
More informationWelcome to Synchronoss 3.0
Welcome to Synchronoss 3.0 Intralinks Acquisition Overview and Activation Divestiture December 6, 2016 1 2016 Synchronoss, Inc. All Rights Reserved Safe Harbor. Forward-Looking Statements This presentation
More informationCOL Public Company Limited
1 COL Public Company Limited 2Q15 Earnings Presentation 25 August 2015 Important Notice o The information contained in this presentation is for information purposes only and does not constitute an offer
More informationNovember 24, Recent acquisitions by Astral Poly Technik Ltd.
November 24, 2014 Recent acquisitions by Astral Poly Technik Ltd. Disclaimer The information in this presentation has been prepared for use in presentations by Astral Poly Technik Limited (the Company
More informationOpera Software: Third quarter 2012
Opera Software: Third quarter 2012 3Q 2012 Financial highlights Financial metric 3Q12 (MUSD) 3Q11 (MUSD) Revenue Total revenue 56.4 40.1 Profitability Adj. EBITDA*/** 17.0 13.6 EBIT** 13.7 11.0 Revenue
More informationDELIVERING SUSTAINED AND PROFITABLE GROWTH. Karim Michel Sabbagh, President and CEO
DELIVERING SUSTAINED AND PROFITABLE GROWTH Karim Michel Sabbagh, President and CEO World s Leading Satellite-enabled Solutions Provider Covering 99.99% of the globe and world s population Serving customers
More informationPreliminary Results January September 2014
Creating the Leading Digital Telco Preliminary Results January September 2014 November 10, 2014 Disclaimer This document contains statements that constitute forward-looking statements and expectations
More informationFY18 RESULTS PRESENTATION
FY18 RESULTS PRESENTATION DISCLAIMER This presentation has been prepared by rhipe Limited ACN 112 452 436 (RHP). Each Recipient of this presentation is deemed to have agreed to accept the qualifications,
More informationGRUPO ANTENA 3 PRESENTATION TO INVESTORS. TMT Bank of America Merryl Lynch. June 2010
GRUPO ANTENA 3 PRESENTATION TO INVESTORS TMT Bank of America Merryl Lynch June 2010 Changes in the Spanish TV landscape Key changes in the Spanish TV market throughout last year 1 2 Market 3 State-owned
More informationREDACTED REDACTED REDACTED REDACTED REDACTED REDACTED OVERVIEW
This summary aims to give you an overview of the information contained in this [REDACTED]. Since it is a summary, it does not contain all the information that may be important to you. You should read the
More informationATRESMEDIA
ATRESMEDIA www.atresmediacorporacion.com Presentation to investors January 2016 1 Advertising market in Spain 9M 15: A very positive year 9M 15 Gross Ad market Yoy growth 8% 7% 11% 5% 1% Total Ad market
More information2017 Annual Results Sell-side analysts workshop. Patrick Bataillard, CFO. February 20, 2018
2017 Annual Results Sell-side analysts workshop Patrick Bataillard, CFO February 20, 2018 1 Agenda I. Fleet & Mobility solutions A leading position on a fast-growing market 1. A global player 2. Two transformational
More informationFY18 Results. Mark Coulter CEO Mark Tayler CFO
FY18 Results Mark Coulter CEO Mark Tayler CFO Page 1 Contents CEO Update Page 3-15 FY18 Financial Results Page 16-20 Strategy & Outlook Page 21 24 Q&A Page 2 CEO Update Mark Coulter CEO Pg 26 Page 3 Summary
More informationHAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION
HAMBURGER HAFEN UND LOGISTIK AG COMPANY PRESENTATION CHEUVREUX GERMAN CORPORATE CONFERENCE FRANKFURT, 20 JANUARY 2010 Hamburger Hafen und Logistik AG DISCLAIMER The facts and information contained herein
More informationUniCredit & Kepler Cheuvreux Frankfurt 21 January 2019
UniCredit & Kepler Cheuvreux Frankfurt 21 January 2019 1 Agenda 1 2 2019 Business segments Strategy 4 Mediengruppe RTL Deutschland Audience share lead in most important time slots FAMILY OF CHANNELS 14
More informationNatixis Paris, September 20 th 2017
Natixis Paris, September 20 th 2017 Agenda 1 Group highlights 2 Operational highlights 3 2017 Future proofing our business and Outlook 2 A Revenue growth Solid interim financial results Revenue EBITDA
More informationResults Q May 2010
Results Q1 2010 12 May 2010 Q1 Highlights Subscription revenues up 20.2% year on year Gross additions up 10.1% year on year 12 months rolling churn rate down 1.4 points year on year; quarterly annualized
More informationInvestor Day December 2017
Investor Day 2017 7 December 2017 Disclaimer This presentation contains forward-looking statements about Orange. Although we believe these statements are based on reasonable assumptions, they are subject
More informationGRUPO ANTENA 3 FY11 RESULTS. February 23rd, 2012
GRUPO ANTENA 3 FY11 RESULTS February 23rd, 2012 www.grupoantena3.com Highlights Total Ad market declined by -7% in 2011, with TV down -10% and Radio - 5% yoy Antena 3 outperformed the market, just -1%
More information2016 half year results August 10 th 2016
2016 half year results August 10 th 2016 HALF YEAR RESULTS 2016 1 Certain statements in this document are forward looking statements. These forward looking statements speak only as at the date of this
More informationMarch Company Description
March 2013 Company Description Jones Lang LaSalle Global real estate services Strategic, fully integrated services for real estate owners, occupiers and investors Productivity and cost solutions for corporate
More informationInvestor Presentation
Investor Presentation Michael Willome, Group CEO Baader Helvea Swiss Equities Conference Content Group overview & priorities Page 3 Segment performance, sales trend & outlook Page 10 Appendix: Leadership
More informationInvestor Briefing Q Results. SK Telecom (K-IFRS, Non-audited)
2018. 2Q Results (K-IFRS, Non-audited) SK Telecom 2018. 7. 27 0 Disclaimer This presentation contains forward-looking statements with respect to the financial condition, results of operations and business
More informationSmarTone Telecommunications Holdings Limited
SmarTone Telecommunications Holdings Limited FY18 Interim Results Presentation For the six months ended 31 December 2017 13 February 2018 1 Disclaimer It is not the intention to provide, and no reliance
More informationINSTITUTIONAL PRESENTATION FEB-APR, 2014
INSTITUTIONAL PRESENTATION FEB-APR, 2014 DISCLAIMER The material that follows is a presentation of general background information about TOTVS activities as of the date of the presentation in January 2014.
More informationGRUPO ANTENA 3. Presentation to investors Global Telecom & Media Conf. Bank of America Merrill Lynch. May
GRUPO ANTENA 3 Presentation to investors 2012 Global Telecom & Media Conf. Bank of America Merrill Lynch May 2012 www.grupoantena3.com Antena 3 Group at a glance Antena 3 Group One of the largest communication
More informationFor personal use only. Acquisition of Track Concepts 10 June 2015
Acquisition of Track Concepts 10 June 2015 1 Table of Contents 1. Acquisition of Track Concepts 2. Overview of Track Concepts 3. Financials 4. Appendix 2 Acquisition of Track Concepts 3 Executive Summary
More informationINVESTOR PRESENTATION. March 2018
INVESTOR PRESENTATION March 2018 DISCLAIMER FORWARD-LOOKING INFORMATION Certain statements, other than statements of historical fact, contained in this presentation constitute "forward-looking information"
More informationUpdate on Strategy and Market Segments Felix Frank Vice President, AutoScout24
AutoScout24 Update on Strategy and Market Segments Felix Frank Vice President, AutoScout24 Christian Gisy CFO, Scout24 AG Scout24 Capital Markets Day, November 2017 We are the Largest EU Automotive Digital
More informationOPERATOR STRATEGIES FOR TV AND VIDEO CONTENT: PRODUCTION, CONTENT TYPES AND DISTRIBUTION
analysysmason.com RESEARCH STRATEGY REPORT OPERATOR STRATEGIES FOR TV AND VIDEO CONTENT: PRODUCTION, CONTENT TYPES AND DISTRIBUTION MARTIN SCOTT and HEENU NIHALANI About this report Video consumption,
More informationFinal Results Presentation Year ended 30 April 2011 July an Ebiquity company
Final Results Presentation Year ended 30 April 2011 July 2011 an Ebiquity company Review of the year Year ended 30 April 2011 2 Strong financial performance delivering total revenue up 108% with operating
More informationPIONEERS IN BRINGING TRUE CONVERGENCE TO NORDIC CUSTOMERS. 20 July, 2018
PIONEERS IN BRINGING TRUE CONVERGENCE TO NORDIC CUSTOMERS 20 July, 2018 TRANSACTION SUMMARY STRATEGIC RATIONAL VALUE FINANCIAL EFFECTS BALANCE SHEET IMPACT By combining Bonnier Broadcasting s competence
More informationInvestor Presentation. 2 nd Quarter 2017
Investor Presentation 2 nd Quarter 2017 1 1 Disclaimer This document has been prepared by Mobily (the Company ) solely for presentation purposes. The information contained in this document has not been
More informationCapital Markets Day December 6, PILLAR 3: COMMERCE NCG NUCOM GROUP Claas van Delden
Capital Markets Day December 6, 2017 PILLAR 3: COMMERCE NCG NUCOM GROUP Claas van Delden VALUE OUR JOURNEY FROM MEDIA INVESTMENTS TO OMNICHANNEL GROWTH PLATFORM GROWTH PLATFORM Selected examples Utilize
More informationTanla Solutions Ltd. acquires Karix Mobile for
Tanla Solutions Ltd. acquires Karix Mobile for 340 Crore in a cash and stock transaction from GSO Capital Partners, a Blackstone Company: Combined entity to be India s leading Enterprise Cloud Communications
More informationDentsu 2017 and Beyond -Innovation Reinvention-
Dentsu 2017 and Beyond -Innovation Reinvention- This document contains forward-looking statements regarding the intent, belief or current expectations of the management of Dentsu Inc. with respect to the
More informationH1FY19 Investor Presentation. Mark Coulter CEO Mark Tayler CFO
H1FY19 Investor Presentation Mark Coulter CEO Mark Tayler CFO Page 1 H1 Summary Pre Audit H1FY19 Revenue $49.3m 40% Growth YoY H1FY18 Revenue $35.2m Temple & Webster is the online market leader in furniture
More information& Creating the UK s leading food business
& Creating the UK s leading food business This merger is about unlocking new growth. Tesco, the UK s leading retailer, and Booker, the UK s leading food wholesaler, are merging to form what can become
More informationTriNet Group, Inc. Investor Presentation August September 2018
TriNet Group, Inc. Investor Presentation August September 2018 Disclaimer Cautionary Note Regarding Forward-Looking Statements and Other Financial Information This presentation contains statements that
More informationScout24 AG Company Presentation April 2017
www.scout24.com Scout24 AG Company Presentation April 2017 Disclaimer This document has been issued by Scout24 AG (the Company and, together with its direct and indirect subsidiaries, the "Group") and
More informationQ1 FY2015 Operating Results
Q1 FY2015 Operating Results August 7, 2015 DeNA Co., Ltd. 1. Financial Results 2. Strategy and Initiatives 3. Guidance 4. Reference 1 Q1 FY2015 Consolidated Financial Results Both revenue and operating
More informationSUMMARY & OUTLOOK MAX CONZE
CAPITAL MARKETS DAY NOVEMBER 14, 2018 SUMMARY & OUTLOOK MAX CONZE OUR VISION: CREATE A CONSUMER-CENTRIC ENTERTAINMENT AND COMMERCE CHAMPION CONSUMER-LED & OBSESSED CONTENT-LED DIGITAL FIRST TOTAL REACH
More informationUnscripted drama: vertical issues raised in European pay-tv mergers
Agenda Advancing economics in business Unscripted drama: vertical issues raised in European pay-tv mergers A number of European mergers in the telecoms sector, including Liberty Global/Corelio/W&W/ De
More informationCxense Quarterly Presentation 2014-Q Oslo, Norway
Cxense Quarterly Presentation 2014-Q3 2014-11-19 Oslo, Norway Important notice THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION ) HAVE BEEN PREPARED
More informationQ Consolidated Results
Q1 2018 Consolidated Results Milan, May 10 th,2018 AGENDA HIGHLIGHTS ANALYSIS OF RESULTS ANNEXES 2 Highlights Q1 2018 vs Q1 2017 CCGT AND HYDRO VOLUMES CCGT PERFORMANCE ON MSD SCENARIO EFFECT GAS MARGIN
More informationMacquarie Securities Conference Australia
Macquarie Securities Conference Australia Greg Hunt Managing director and chief executive officer Wednesday, 3 May 2017 Disclaimer General This presentation has been prepared by Nufarm Limited. The information
More informationDisclaimer. Important notice
XXL ASA Q1 2018 Disclaimer Important notice The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons
More informationFull year results Amsterdam, 5 February 2015
Full year results 2014 Amsterdam, 5 February 2015 Disclaimer The information contained herein shall not constitute or form any part of any offer or invitation to subscribe for, underwrite or otherwise
More informationPresentation Q3 2017/18. July, 2018
Presentation Q3 2017/18 July, 2018 14/15 Q1 14/15 Q2 14/15 Q3 14/15 Q4 15/16 Q1 15/16 Q2 15/16 Q3 15/16 Q4 16/17 Q1 16/17 Q2 16/17 Q3 16/17 Q4 17/18 Q1 17/18 Q2 17/18 Q3 FINANCIAL REPORT Q3 2017/18 Dustin
More informationInvestor Presentation May 2018
Investor Presentation May 2018 FORWARD-LOOKING STATEMENTS Forward-Looking Statements Certain statements and information in this communication may be deemed to be forward-looking statements within the meaning
More informationDisciplined Growth From Back-to-Basics Focus
Disciplined Growth From Back-to-Basics Focus Stephan DuCharme, CEO X5 Capital Markets Day 2014 Moscow, Russian Federation 29 October 2014 X5 RETAIL GROUP INTRODUCTION 2 CURRENT X5 CONTEXT Effective multi-format
More informationVeriFone Files Restated Reports
VeriFone Files Restated Reports SAN JOSE, Calif. -- August 19, 2008 --VeriFone Holdings Inc. (NYSE: PAY) today filed its amended and restated quarterly report on Form 10-Q/A for the fiscal quarters ended
More informationMigros Ticaret A.Ş. 1H 2018 Financial Results
Migros Ticaret A.Ş. 1H 2018 Financial Results Disclaimer Statement Migros Ticaret A.Ş. (the Company ) has prepared this presentation for the sole purpose of providing information about its business, operations
More informationCompany Presentation. 15 th May Delivery Hero AG. Company Presentation.
Company Presentation 15 th May 2018 1 Our Clear Vision AMAZING FOOD Create an amazing takeaway experience AMAZING ORDERING AMAZING SERVICE 2 We Are an Online Food Ordering and Delivery Marketplace USER
More informationBIG UNLIMITED FY18 Q1 4C UPDATE OCT 2017
BIG UNLIMITED FY18 Q1 4C UPDATE OCT 2017 WHAT IS BIG BIG (ASX: BIG) is the parent company of Big Review TV Ltd. Big Review TV are innovative disruptors in the online video space. They are a video driven
More informationStröer Out-of-Home Media AG: We create Visibility. Investor Presentation Copenhagen January 26, 2011
Ströer Out-of-Home Media AG: We create Visibility Investor Presentation Copenhagen January 26, 2011 # 1 operator in underpenetrated and very attractive growth markets #1 in GERMANY Europe s largest ad.
More informationREINVENTING MARKETING ALL ABOUT VELTI FOR THE MOBILE ERA. The Velti Investor Presentation MARCH 2013
ALL ABOUT VELTI REINVENTING MARKETING FOR THE MOBILE ERA The Velti Investor Presentation MARCH 2013 SAFE HARBOR STATEMENT MARCH 2013 This presentation contains forward-looking information about the Company
More information3Q18 Financial Results. November 8, 2018
3Q18 Financial Results November 8, 2018 Disclaimer No Offer or Solicitation This presentation is provided for informational purposes only and is not intended to and shall not constitute an offer to sell
More informationWirecard AG Results 1 st quarter of fiscal 2013 Investor Presentation
Wirecard AG Results 1 st quarter of fiscal 2013 Investor Presentation Aschheim, May 16 2013 2013 Wirecard AG 1 Content 1. Key Figures / Highlights 1st quarter of fiscal 2013 2. Products and Solutions 3.
More informationGLOSSARY OF TERMS ENTREPRENEURSHIP AND BUSINESS INNOVATION
Accounts Payable - short term debts incurred as the result of day-to-day operations. Accounts Receivable - monies due to your enterprise as the result of day-to-day operations. Accrual Based Accounting
More information1Q15 Results. 13 May 2015
Results 13 May 2015 Disclaimer This document contains forward-looking statements regarding intention, expectations or estimates of the Company or its management at the date of issue thereof, relating to
More informationFull year 2014 results
Listen-only live audio webcast available from www.gemalto.com/investors Full year 2014 results March 5, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute an offer
More informationCreation of the leading European online gaming and sports betting business. 20 October 2008
Creation of the leading European online gaming and sports betting business 20 October 2008 Transaction Overview Combination of William Hill s online operations ( William Hill Interactive ) with certain
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC FORM 8-K/A MICROCHIP TECHNOLOGY INCORPORATED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 June 8, 2016 (April 4, 2016) Date
More informationTriNet Group, Inc. Investor Presentation March 2018
TriNet Group, Inc. Investor Presentation March 2018 Disclaimer Cautionary Note Regarding Forward-Looking Statements and Other Financial Information This presentation contains statements that are not historical
More informationDigitalizing the Fashion Supply Chain. Modtissimo Workshop: How to increase business as a garment manufacturer by using digital tools
Digitalizing the Fashion Supply Chain Modtissimo 2018 Workshop: How to increase business as a garment manufacturer by using digital tools 26.09.2018 v14 Agenda Why the traditional way is obsolete Digital
More informationSummary of analyst presentation 24 July Dialight plc. Half year results 2017
Dialight plc Half year results 2017 Summary of analysts presentation by: Michael Sutsko, Chief Executive Fariyal Khanbabi, Chief Financial Officer Page 1 Positioned for long-term sustainable growth Michael
More information