Numis TMT Conference: "Growth through the Cycle"

September 2022

H122 highlights

  • Continuing structural growth and bounce-back from major events.
  • Digital Commerce
    • Strong revenue growth, despite global marketplace headwinds:
      • Organic: +15% (Execution: +19%)
      • Proforma: +19% (Execution +23%)
    • Further expansion of addressable market, with the acquisitions in Germany and Southeast Asia.
    • Acceleration of investment in capabilities.
  • Product Design acceleration continues (revenue +14%), with strong subscription billings driven by non-fashion verticals.
  • Marketing saw significant growth (revenue +88%), through return of Lions festival, with considerable delegate and sponsorship participation, bringing overall revenue in line with 2019.
  • Retail & Financial Services also grew very strongly (revenue +74%), through continued resurgence of Money20/20 Europe, following return last year, comfortably exceeding 2019 revenue levels.

Total revenue

£261m (£154m)

69%

Reported growth

42%

Organic growth

Adjusted EBITDA

£67m (£43m)

57%

Reported growth

38%

Organic growth

Ascential |

Numis TMT Conference, September 2022

2

2022 priorities and progress

Expand Digital Commerce global leadership

Forward investment to build capacity for

Positive traction on cross sell activity.

growth acceleration.

Edge Digital Shelf : shifting focus to top

Strengthening sales and marketing, leadership

marketplaces to deliver mission and increase

and capabilities to win more customers.

profits.

Build on marketplace partnerships

Accelerate Product Design revenue growth

Strong half for new releases, partnership

― Acquisitions of Sellics and Intrepid enhancing

capabilities and expanding partnerships with

enhancements and the co-launch with Amazon

leading marketplaces (Shopee & Lazada).

of Stream at Cannes Lions was a seminal

moment.

  • Record revenue growth of 14% in H1

(building on 7% in 2021).

verticals up 25% and fashion product

― Subscription billings up 11% (10% in

up.

2021).

Maximise return of live events

  • Lions exceeded pre-pandemic levels of revenue (+6% vs 2019).
  • Money20/20 Europe exceeded pre-pandemic levels of revenue (+30% vs 2019).

Ascential |

Numis TMT Conference, September 2022

3

Financial Overview

FY21

H122

Segment

Mix1

Revenue

Organic

Adjusted

Margin

Revenue

Organic

Adjusted

Margin

Growth

EBITDA

Growth

EBITDA

Digital Commerce

42%

£147m

19%

£31m

21%

£95m

15%

£2m

2%

Intelligence & Events

Product Design

22%

£91m

7%

£41m

45%

£51m

14%

£24m

48%

Marketing

21%

£57m

188%

£26m

45%

£81m

88%

£43m

54%

Retail &

15%

£54m

205%

£11m

20%

£34m

74%

£9m

26%

Financial Services

Total 2

£349m

44%

£89m

25%

£261m

42%

£67m

26%

  • Revenue LTM June 2022 (Continuing basis)
  • Total EBITDA includes Group costs of £20m/£11m, FY21/H122

Ascential |

Numis TMT Conference, September 2022

4

Our Business Model

High proportion of subscription-driven and recurring revenues underpinned by strong network effects and high retention rates

Revenue by type1

Events

22%

Revenue by customer location2

RoW

7%

UK 12%

Digital

Advisory

Subscriptions

6%

& Platforms

65%

Benchmarking

Awards 7%

Asia

Pacific

17%

North America 49%

Europe

15%

Ascential |

Numis TMT Conference, September 2022

2LTM June 2022 (Continuing basis, proforma for acquisitions)

5

1LTM June 2022 (Continuing basis)

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Disclaimer

Ascential plc published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 22:09:09 UTC.