RNTS MEDIA. DVFA Spring Conference May 2017

Transcription

1 RNTS MEDIA DVFA Spring Conference May 2017

2 AGENDA THE COMPANY & LATEST NEWS THE OPPORTUNITY FINANCIALS & OUTLOOK 2

3 01 THE COMPANY

4 DIGITAL ADVERTISING TECHNOLOGY PROVIDER NEUTRAL SUPPLY-SIDE POWERHOUSE FOUNDED IN EMPLOYEES 40% IN TECHNOLOGY DATA-DRIVEN AUDIENCE SEGMENTATION OUR OFFERING GLOBAL REVENUE BASE 45% NA, 30% EMEA, 25% ROW ADVANCED PROGRAMMATIC PLATFORM VIDEO ACROSS SCREENS ABOUT RNTS 4

5 ADVERTISERS PUBLISHERS MONETIZATION INFRASTRUCTURE PROVIDER SUPPORTING DIGITAL PUBLISHERS AND APP DEVELOPERS IN MONETIZING THEIR AUDIENCES THROUGH DIGITAL ADVERTISING WHAT WE DO 5

6 VIDEO & PROGRAMMATIC BUSINESS DRIVING STRONG GROWTH IN 2016 Strong programmatic and video business activity resulted in an increase in gross revenues of +69% to 218m vs. 129m in 2015 Outperformed guidance, which was raised twice over the year Improved the full year 2016 adj. EBITDA result by 6.4m to - 5.8m Q4 adj. EBITDA approaching break-even at - 0.5m LATEST NEWS Note: 2016 figures based on preliminary pre-audit calculations 6

7 SUCCESSFULLY DELIVERED ON OUR M&A STRATEGY Completed acquisitions of mobile mediation provider Heyzap and real-time bidding exchange Inneractive, significantly expanding the Group s product offering and global reach Successfully delivered on the growth strategy set out in 2015 LATEST NEWS Expanded focus of programmatic trading & video advertising Revenues from programmatic trading and real-time bidding grew by almost 300% from 2015, accounting for 59% of the Group s revenues Video revenues increased by almost 280% over 2015, representing 44% of total revenues In April 2017, restructured convertible bond to reduce interest burden and refinancing risk for 2020 Note: 2016 figures based on preliminary pre-audit calculations 7

8 BUSINESS & TECH HIGHLIGHTS 2016 Expanded focus on premium publishers Signed exclusive agreement with Axel Springer to help monetize new app Upday Launched China office, signed deals with the biggest publishers such as Baidu and Cheetah Mobile soon after Released Fyber publisher ad server as part of the integration of Fyber RTB services into Fyber Released Banner ads, including support for key demand partners such as Google AdMob, Facebook Audience Network Launched Story, an innovative in-feed native video format, secured beta tester Huffington Post/AOL as a regular client Strong focus on efficiency & performance at Fyber RTB: optimization to scale with the enormous traffic, improved server efficiencies 8

9 02 THE OPPORTUNITY

10 BY 2020, MOBILE PROGRAMMATIC WILL ACCOUNT FOR 55% OF GLOBAL PROGRAMMATIC SPEND Global Programmatic Spend by Format 35% 55% US Programmatic RTB and non-rtb Ad Spend ($bn) $7 $6 $5 $4 $37 65% $3 $25 45% $1 $5 $2 $8 $12 $16 $20 PROGRAMMATIC GROWTH World 2016 World 2020 Desktop Mobile RTB Programmatic Non-RTB Programmatic Source: Magna Global Annual Programmatic Intelligence Report, Sept 2016; excludes search and social 10

11 Mobile video continues to be the fastest growing ad format US Digital Video Ad Spending ($bn) $6 $7 Global Programmatic CAGR by Format/Device 64% $5 $3 $4 35% $2 $4 $5 $6 $6 $7 $8 21% -3% Desktop Mobile Desktop Banner Display Mobile Banner Display Desktop Video Mobile Video MOBILE VIDEO GROWTH By 2020, 75% of mobile traffic will be video By 2019, video will account for >50% of programmatic ad spend Video has more demand than supply - not a commodity in ad tech Source: Magna Global Annual Programmatic Intelligence Report, Sept 2016; excludes search and social, Cisco Research

12 RTB growth has been at 300% and is expected to continue RNTS RTB vs. Non-RTB Revenue 41% 30% 25% 79% 59% 70% 75% 21% E 2018E RTB Non-RTB SHORT TERM GROWTH DRIVER 1: REAL-TIME BIDDING Strong market growth of programmatic trading, especially real-time bidding Share of RTB grew from 21% in 2015 to 59% on average in 2016 Note: includes programmatic and RTB 12

13 We aspire to have 75% of revenue from video by % RNTS Video vs. Display Revenue 56% 35% 25% 65% 75% 27% 44% E 2018E Video Display SHORT TERM GROWTH DRIVER 2: VIDEO Video revenues increased by almost 280% over 2015 Share of video grew from 27% in 2015 to 44% on average in

14 03 & FINANCIALS OUTLOOK

15 Gross Revenue Gross Margin (EUR) Adj. EBITDA 280m+ 218m 129m 3.m+ -.7m -.7m 64m 62m 43m 17m 24m 41m - 5.8m FINANCIALS OVERVIEW E Note: Pro-forma numbers as if Heyzap and Inneractive had been acquired on 1 January 2015; 2016 based on preliminary pre-audit calculations; 2017 numbers as per the given guidance m E 15

16 2016 Gross Revenue by Segment Gross Revenue by Ad Format ( m) 30 83m m m 5 REVENUE DETAIL 2016 Fyber Fyber RTB Inneractive 0 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 OW RV INT Progr Display Progr Video Other Note: 2016 based on preliminary pre-audit calculations; Right-hand chart: Revenues of acquired companies shown from date of acquisition OW = Offer wall, RV = Rew video, INT = Interstitial ads, Progr Display = Programmatic display formats, Progr Video = Programmatic video formats 16

17 Integration & consolidation Currently four platforms in operation: Fyber, Fyber RTB, Heyzap and Inneractive Significant opportunity for further efficiency and profitability gains Build on initial revenue synergies already visible in 2016 Organic growth Deliver in excess of 280m in revenues Adjusted EBITDA in excess of 3m Financing required Driven by acquisition earn-out and operating growth Ongoing discussions with results expected in the near future OUTLOOK

18 These materials may contain forward-looking statements based on current assumptions and forecasts made by RNTS Media N.V. s management and other information currently available to RNTS Media N.V. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results, performance or events to differ materially from those expressed or implied by the forward-looking statements. Statements contained in these materials regarding past trends or events should not be taken as a representation that such trends or events will continue in the future. Neither RNTS Media N.V. nor any other party is under any duty to update or inform you of any changes, whether as a result of new information, future events or otherwise, to the information in these materials. Certain market data and financial and other figures (including percentages) in these materials were rounded in accordance with commercial principles. Figures rounded may not in all cases add up to the stated totals or the statements made in the underlying sources. For the calculation of percentages used in the text, the actual figures, rather than the commercially rounded figures, were used. Accordingly, in some cases, the percentages provided in the text may deviate from percentages based on rounded figures. The financial information relating to the Group contained in this document has not been audited or reviewed. No reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, expressed or implied, is given by or on behalf of RNTS Media N.V. or any of its affiliates, directors, officers or employees, advisors or any other person as to the accuracy or completeness of the information or opinions contained in this document, and no liability whatsoever is accepted for any such information or opinions or any use which may be made of them. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. DISCLAIMER 18

19 RNTS Media N.V. Contact Office Address Johannisstraße 20, Berlin, Germany About RNTS Media N.V. RNTS Media is a leading advertising technology company. It empowers app developers and digital publishers to generate business-critical revenue streams with targeted advertising, enabling them to optimize the yield they generate from advertising. Through its core assets, Fyber and Inneractive, the Company s technology infrastructure reaches more than one billion monthly active users. RNTS technology is channel-neutral and provides an open-access platform for advertisers and publishers. Its platforms enable cross-device advertising with a global reach and a strong focus on video. RNTS Media was founded in 2010 and is headquartered in Berlin, Germany. The Company employs more than 380 people globally and is listed on the Prime Standard of Frankfurt Stock Exchange under the symbol RNM. In 2016, the fast-growing company won a number of awards including: Deloitte Technology Fast EMEA company; placed in Gruenderszene s Top 50 growth ranking 2016; and won the Golden Bridge Gold Award For more information visit 19

20 THANK YOU