Preliminary Results FY 2020
Preliminary results FY 2020 25 November 2020 1 2 Agenda ● Overview ● FY 2020 financial review ● Progress against our strategy in FY 2020 ● Recommended offer for GoCo Group plc ● Summary & outlook 3 Exceptional results, Values led 01 ahead of expectations... 02 execution... ● Strong core values facilitated ● Group revenue up 53% to agile response to the rapidly £339.6m, underpinned by changing landscape acquisitions and media organic ● Operating leverage driving revenue growth of 23% adjusted operating margin ● Continued growth in adjusted expansion to 28% operating profit, up 79% to ● Continue to be highly cash £93.4m Continued generative, with adjusted free ● Adjusted free cash flow growth cash flow of 103% of adjusted of 79% strength of operating profit ● Exceptional performance performance despite COVID-19 underpinned ...delivered by ongoing ...enables strong by delivery 03 focus on strategy 04 acquisitions performance ● TI Media integration ● Continued shift in revenue, completed, savings of £20m with Media division now 65% 1 identified, with focus now on of revenues (Sept 2020) building revenue ● Geographical diversification monetisation, with launch of 6 continues with US now 43% of new sites revenue (Sept 2020)1 2 ● Barcroft and SmartBrief both ● Online audience growth of in BAU mode, delivering in 56%, with organic audience line with plans up 48%, driving sales ● Recommended offer for performance in Media GoCo Group plc announced today (25 November) 4 1 Sept month 2020 shown to reflect TI Media acquisition 2 Google Analytics online users.
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