Jumbuck Entertainment Ltd
Transcription
Jumbuck Entertainment Ltd
Jumbuck Entertainment Ltd The world’s leading mobile community provider 2008 Full Year Results Key Highlights Financial Highlights Jumbuck Products for Growth Summary and Outlook Additional information 2 K Hi Key Highlights hli ht Sales Revenue $15.0m up 1% EBITDAI $ $7.9m up p 2% Sales revenue and profit margin stable Write down in value of investment in Mobileactive (ASX: MBA) New products and markets with the Plutolife acquisition New strength g in web p products Note: EBITDAI is Earnings Before Interest Interest, Tax Tax, Depreciation Depreciation, Amortisation and Impairment 3 Financial Highlights 4 Financial Highlights Sales Revenue $15.0m up 1% p 2% EBITDAI of $7.9m up $1.9M impairment write down in value of the 15% equity stake in Mobileactive Operating cashflow $5.1m up 7% Cash balance $6.7m at 30 June 08,, no debt. Purchase of Plutolife in July 08 for USD3.6M (including USD0.6M of working capital injection), plus earn out 5 Growing Revenue SALES REVENUE ($000s) ACTUAL 2003 -2008 16,000 14,000 12,000 10,000 8,000 Sales Revenue $15.0m up 1% Sales Revenue growth slowed by strength of AUD Use of forex currency option restricted the USD impact on profit 6,000 4,000 2,000 0 2003/04 2004/05 2005/06 2006/07 2007/08 Financial Year 6 Profitability and margins remain strong EBITDAI ($000s) NPAT ($000s) ACTUAL 2003 -2008 ACTUAL 2003 -2008 9,000 6,000 8,000 5 000 5,000 7,000 4,000 6,000 5,000 3,000 4,000 2 000 2,000 3,000 2,000 1,000 1,000 0 0 2003/04 2004/05 2005/06 2006/07 2007/08 Financial Year 2003/04 2004/05 2005/06 Financial Year 2006/07 2007/08 07/08 NPAT adjusted for prior year tax of $339K and impairment of $2.0M Profit growth Impairment of investment in Mobileactive (ASX:MBA) Profit margins remain high 7 Sales Revenue Sales Revenue by Territory (AUD 000s) Over 3 years 10000 9000 8000 7000 FY 06 6000 FY 07 5000 FY 08 4000 3000 2000 1000 0 Middle East & Africa Asia Pacific Australia Europe The Americas Strong revenue growth in South America during FY 08 AUD strength versus USD has impacted US revenues over past 36 months AUD strength versus GBP has impacted UK revenues over past 18 months Acquisition of WAP3 business in June 06 provided a boost to Europe revenue in FY 07 8 Balance Sheet Net Assets of $24.2m g Assets of $9.8m Net Tangible Cash of $6.7m No debt Operating cashflow of $5.1m Plutolife purchased for USD3.6m USD3 6m in cash post 30 June 2008 (including USD0.6m of working capital injection) 9 J b kO Jumbuck Overview i 10 Our Mission To become the largest and most profitable supplier of mobile community and related services globally. Entering period of mobile content industry consolidation We have operated to set criteria for potential acquisitions: Mobile content providers with in-house in house IP that can be sold throughout Jumbuck’s Jumbuck s distribution channel; or Mobile community providers who dominate Jumbuck’s weaker markets; or Strong web brands with high revenue growth and usage that can be brought to mobile or iPhone; and Avoid businesses that rely mainly on 3rd party IP or branding. Off-portal, Off portal, advertising and PSMS monetization becoming increasingly important to mobile content Sales focus on emerging markets (BRIC, South America) 11 Existing Products Sales Revenues By Product (AUD) Product Power Chat Fast Flirting Chat del Mundo/Chat do Mundo Other Products O ti Oztion Total Sales Revenue FY 2007 $000 Share % 8,588 3,445 791 2,009 0 14,833 57.9 23.2 5.3 13.6 00 0.0 100.0 FY 2008 $000 Share % 8,450 62.6 3,394 14.4 1,573 12.5 1,465 9.8 90 06 0.6 14,972 100.0 % Change -1.61 -1.48 98.86 -27.08 0.94 FY 2008 Sales Revenue includes only one month of Oztion The acquisition of Plutolife occurred after the end of FY 2008 12 Existing Products: New carrier launches in past 6 months Wind iMode-Italy Claro- Brazil Tigo - Colombia Turkcell - Turkey Wind WAP-Italy Oi- Brazil Tigo - Honduras MTS - Russia Movistar -Ecquador Optimus –Portugal Claro - Chile Celtel -Nigeria Telus -Canadian French 13 Our product range has expanded over the past 6 months New product developed and launched : Fastflirting on the web New N products d t acquired i d iin JJune 08 08: Oztion auction site New products acquired in July 08 Plutolife company: mobiflirt, mobilove, mobimodels 14 New Products-launched Fast a Flirting g Web b Members b 40000 30000 20000 10000 0 Feb 14 Mar 5 Mar 25 Apr 14 May 4 May 24 Jun 13 Jul 3 Jul 23 Aug 12 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 Fast Flirting web beta released to public on 25th Apr 2008. Currently has 28,500 members and grows by 300 new members per day. Interoperability with Fast Flirting mobile to be introduced late 2008 Current online marketing for product focused on Australia and UK. US to be included when product moves out of beta in January 2009. Monetization via advertising to begin early 2009. Monetization via advertising to begin early 2009 Page 15 New Products-acquired Australia’s second largest online auction site. Acquired June 2008. Monthly Revenue (AUD) 100,000 60,000 40,000 20,000 Jul-08 May-08 Mar-08 Jan-08 Nov-07 Sep-07 Jul-07 May-07 Mar-07 Jan-07 Oztion Motors launching late 2008 Nov-06 0 Sep-06 Current Current marketing focused on classified marketing focused on classified listings. 80,000 Jul-06 p g y % Membership has grown by 70% over last 12 months and continues to grow by approx. 13% per month. Items Sold per mth Total Members 400000 Page 16 Ju ul-08 Mayy-08 Ma ar-08 Jan n-08 Novv-07 Sep p-07 Ju ul-07 Mayy-07 Ma ar-07 Ju ul-08 Mayy-08 Mar-08 Jan n-08 Novv-07 Sep p-07 Ju ul-07 Mayy-07 Mar-07 Jan n-07 Novv-06 Sep p-06 Ju ul-06 0 Jan n-07 100000 Novv-06 200000 Sep p-06 300000 Ju ul-06 100,000 80,000 60,000 40,000 20,000 0 New Products-acquired Strong mobile dating brand built in home Scandinavian market with operators such as Telenor, T l T li Sonera, Telia S T l 2 Vodafone Tele2, V d f Rapid growth and uptake of products outside of home market…USA, South America Asia America, Now has 44 branded positions on operator WAP portals Team off 15 Profitable, with annualised revenues of AUD3.5Million currently 17 Current Products This is an SMS based mobile speed dating game based upon the popular American dating TV shows such as The Love ConnectionTM. Mobiflirt pits up to 50 players against each other for the heart of one lucky “single”! Mobile dating service available in SMS, WAP, JAVA, XML and iMode, allowing users to enter group or private chat sessions with users who meet their search requirements Mobimodels is a simple and fun picture rating service where members vote on who is the hottest in the picture community. It is available in WAP and MMS/SMS format 18 Our customer base grows…. B f Before Plutolife Pl t lif acquisition i iti North America Admob Alltel AT&T Bell Mobility Boost Cellmania Cingular LavaLife Corp Midwest Wireless M th Mythum Nextel nTelos Central & South America OpenMarket Rogers Sprint Suncom Telcel Mexico Telus Mobility T-Mobile US Verizon Wireless Virgin Mobile US Vi i M Virgin Mobile bil C Canada d Wmode Western Wireless Atech (Chile) Alterlatina Eirl Codetel (Dominican Republic) Equipos Telemo (Venezuela) 3G one (Panama) IUSACELL (Mexico) Movistar (Argentina) Movistar (Chile) Movistar (Columbia) Movistar (El Salvador) Movistar (Ecuador) Movistar (Guatemala) Movistar (Nicaragua) Movistar (Panama) Movistar (Venezuela) OIL(Brazil) Satelnet (Ecuador) Telecommunications Movinet (Venezuela) TIM (Brazil) Verizon Wireless (Puerto Rico) Verizon Wireless (Domenican Republic) Vivo (Brazil) Africa & Middle East Europe Axiom (UAE) Exact Mobile (South Africa) Pelephone (Israel) Base (Belgium) Bouygues (France) Eplus (Germany) Jamba (Germany) Interaktif Medya(Turkey) KPN (Netherlands) Kyvistar (Ukraine) Red Pyramid (Russia) O2 (Germany) O2 (UK) Orange (Poland) Orange (Spain) O ti Optimns (Portugal) (P t l) Promonte (Poland) SFR (France) Shamrock (Russia) Asia Australia & New Zealand Hutchison CAT (Thailand) Hutchison Telecommunications (3) (Australia) Optus Mobile (Australia) Telstra (Australia) Telecom (NZ) Vodafone (NZ) Pl t lif acquisition Plutolife i iti North America Central & South America Virgin Mobile USA Alltel AT&T T Mobile USA Virgin Mobile Canada Telus Mobility Mythum Ericsson IPX Movistar (Chile) through Scandinavian Service Africa & Middle East Europe Telenor (Norway) Telenor (Sweden) Sonofon (Denmark) Netcom (Norway) Tele2 Norge (Norway) Chess (Norway) Ventelo (Norway) Hutchison 3 (Scandinavia) Tele2 Sweden Telia (Sweden) Halebop (Sweden) Tele2Tango (Sweden) DJuice (Norway) Telia (Denmark) TDC (Denmark) BITE (Lithuania) Omnitel (Lithuania) Tele2 Lithuania Sonera (Finland) DNA Finland TietoEnator (Finland) Elisa (Finland) Saunalahti (Finland) TMN PT(Portugal) T-Mobile (Austria) T-Mobile (Croatia) T-Mobile (Germany) T-Mobile (Poland) T-Mobile (UK) TDC (Switzerland) TDC (France) Telefonica (Spain) Telering (Austria) TIM (Italy) Voxmobile (Luxembourg) V d f (Portugal) Vodafon (P t l) Wind (Italy) Wmode (Swizerland) Asia Australia & New Zealand 19 Jumbuck J b kS Summary and d Outlook O tl k 20 Summary and Outlook 1. We now have a much wider product base 2. Drive revenue growth from new products 3. Increase revenue from off deck products 4. New product innovation 5. M&A 21 Additional Info 22 Top 20 Shareholders Shareholder 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Sieana Pty Ltd Quad Holdings Pty Ltd d ld d National Nominees Ltd Mr Adrian Paull Risch Invia Custodian Pty Ltd <Black A/C> CTS Group Nominees Pty LtdD XS Equities Pty Ltd Beconwood Superannuation Pty Ltd <WSF A/C> J P Morgan Nominees Australia Ltd Repysa Holdings Inc ANZ Nominees Ltd <Cash Income A/C> Mr Kenneth William Breese & Mrs Jennifer Ruth Breese <BPD Executive Superfund A/C> y Kennadell Pty Ltd Mr Stan Loucas Jeff Kennett Pty Ltd < JGK Superfund A/C> Denman Investments Limited Mr Philip Druce <Druce Family A/C> Mr Kelvin Kai Yin Yip & Mrs Nanae Katono Lubeme Services Pty Ltd <Dwyer Lubeme Services Pty Ltd Dwyer Super Fund A/C Super Fund A/C> Cogent Nominees Pty Ltd Top 20 holders of Ordinary Fully Paid Shares as at 5 August 2008 Balance of shareholders Total shares on issue at 5 August 2008 No of shares held 5,385,270 4,408,334 3,349,424 2,495,333 2,364,863 2,330,745 2,000,000 1,937,642 1,695,589 1,038,358 1,020,293 887,506 655,557 , 502,510 479,935 479,165 445,148 445,148 424,200 410,527 32,755,547 16,895,733 49,651,280 % of Issued Capital 10.85 8.88 6.75 5.03 4.76 4.69 4.03 3.90 3.41 2.09 2.05 1.79 1.32 1.01 0.97 0.97 0.90 0.90 0.85 0.83 65.98 34.02 100.00 23 Shareholdings: Data taken as at 14 Aug 08 ASX Code: JMB Current Share Price: $0.62 at 14th Aug 08 Number of shares on issue at 14th Aug: 49,651,280 Number of share options in issue: 2,785,002 Market Capitalisation (undiluted) : $30.8Million Substantial Shareholders Shareholder No of securities held % held as per substantial shareholder notice Sieana Pty Ltd 5,385,270 11.21 Quad Holdings Pty Ltd 4,676,221 9.74 LJM Investment Group Pty Ltd 5,120,701 10.66 Acorn Capital Ltd 3,752,300 7.81 Adam Smith Asset Management 2,669,327 5.56 Adrian Paull Risch 2,660,000 5.48 24 BOARD Kevin Campbell Non-executive Chairman Bruce Bennie Non-executive Director The Hon. Jeffrey Kennett Non-executive Director Tom Kiing Non-executive Director Adrian Risch Executive Director / CEO 25 Appendices 26 Financial Detail (i) Year ended 30 June (AUD '000) 2004 Year 2005 Year 2006 Year 2007 Year 2008 Year 2,929 7,059 11,246 14,833 14,972 EBITDAI 910 3 683 3,683 6 320 6,320 7 705 7,705 7 873 7,873 Less: Depreciation and Amortisation Impairment -68 0 -573 0 -840 0 -1,088 0 -1,423 -2 046 -2,046 EBIT 842 3,110 5,480 6,617 4,404 0 65 261 374 458 EBT 842 3,175 5,741 6,991 4,862 Tax NPAT 55 897 -473 2,702 , -1,441 4,300 , -1,995 4,996 , -2,154 2,708 , Sales Revenue Interest * * One off impairment in value of minority investments (non cash) 27 Financial Detail (ii) Year ended 30 June (AUD '000) 2004 Year 2005 Year 2006 Year 2007 Year 2008 Year EBITDAI M Margin i (%) 30 5 30.5 52 2 52.2 56 2 56.2 51 9 51.9 52 6 52.6 EBIT Margin (%) 28.2 44.1 48.7 44.5 43.1 * Profit Before Tax Margin (%) 28.2 45.0 51.0 47.1 46.1 * NPAT Margin (%) 30.0 38.3 38.2 33.6 31.7 * 2.6 6.3 9.3 10.3 9.9 * EPS (cents) * Excluding one-off Impairment in Value of Investment of $2.0million 28 BALANCE SHEET Financial Detail ((iii)) Current assets Cash Receivables Other Jun-07 Jun-08 (AUD '000) (AUD '000) 9,225 4,298 75 6,710 4,263 355 Total current assets 13,598 11,328 Non-current assets Property, plant and equipment Other financial assets Intangible assets Deferred tax asset 723 245 11 004 11,004 145 822 1,138 14 386 14,386 80 Total non-current assets 12,117 16,426 Total assets 25,715 27,754 Current liabilities Payables Current tax liabilities Provisions Other Total current liabilities (854) (1,298) (1,418) (173) (3,743) (2,154) 0 (180) (374) (2,708) (468) 0 (468) (848) (24) (872) Total liabilities (4 211) (4,211) (3 580) (3,580) Net assets 21,504 24,174 Equity Issued Capital Retained earnings g Reserves 9,354 12,032 118 9,034 14,739 401 Total equity 21,504 24,174 Non-current liabilities Deferred tax liabilities Other Total non-current liabilities 29 CONTACT DETAILS Adrian Risch CEO Tel: +61 3 9620 3839 a +61 6 3 96 9620 0 38 3840 0 Fax: Mobile: +61 400 787 995 Email: [email protected] Mark Doughty CFO Tel: +61 3 9620 3839 a +61 6 3 96 9620 0 38 3840 0 Fax: Email: [email protected] Kevin Campbell Chairman Tel: +61 3 9620 3839 Fax: +61 3 9620 3840 Mobile: +61 418 277 777 Email: [email protected] C Corporate t W Website: b it www.jumbuck.com j b k 30 Intention of this Document This document is intended to be provided by Jumbuck Entertainment Ltd (JMB) to the Australian Stock Exchange ((ASX)) for public p release in the spirit p of full disclosure and in accordance with the Company’s p y continuous disclosure obligations. It is intended that this document be read in conjunction with all other announcements made to the ASX and in particular, the statements of financial performance by JMB. IInvestors t should h ld nott actt or refrain f i from f acting ti in i sole l reliance li on this thi presentation t ti material. t i l This Thi overview i off JMB does not purport to contain all information which investors may require in order to make an informed assessment of JMB’s prospects. The presentation may contain certain financial forecasts and other material of a forward looking nature in relation t JMB (Forward to (F d Looking L ki Material). M t i l) Such S h Forward F d Looking L ki M Material t i l iis b based d on many assumptions ti and d iis subject to uncertainties and contingencies many of which are outside the control of JMB. 31