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) | |||||||
Attachments
- Original Link
- Original Document
- Permalink
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.