SLIDE 9 8.
KEY POINTS
- H1 FY20 Enterprise (Mining & Resources, Aged Care) revenue
impacted by timing delays in new contract wins and renewals
- Enterprise excluding corporate costs and after annualised cost
savings delivered $0.83m in EBTIDA
- Media vertical results impacted by inefficient screen utilisation,
minimal new greenfield site opportunities affecting sales conversion, and weak national advertising levels.
- Cost rationalisation plan executed in November will deliver $1.4
million per annum cost savings
- Positive $4.84m non-cash adjustment to the fair value of
financial liabilities primarily in respect of lower valuation for Medical Media performance shares
- $240k impairment recognised for technologies associated with
discontinued business lines
P&L Statement ($m) Enterprise
(Mining & Resources + Aged Care)
Media
(Health & Wellbeing)
Corporate Group
Recurring revenue
7.31 2.84
Other revenue
1.68
Total Revenue
8.99 2.84
Overheads*
(8.32) (3.47) (1.41) (13.20)
EBITDA (reported)
0.67 (0.63) (1.41) (1.37)
EBITDA (normalised)**
0.83 (0.21) (1.41) (0.79)
D&A
(1.43) (1.24)
EBIT (reported)
(0.76) (1.87) (1.41) (4.04)
Interest (net)
(0.23)
Fair value gain
- n financial liabilities
- 4.84
4.84
Impairments
(0.24)
Share Based Payments
(0.05)
Abnormal items***
(0.80)
Net profit/(loss) after tax
(0.53)
BUSINESS IMPROVEMENTS IN H1 SUPPORT IMPROVED H2 PERFORMANCE
*Corporate overheads removed from individual business units **1H2020 results have been normalised by $580k for savings made via a cost rationalisation plan implemented in November 2019 *** Abnormal items include one-off costs totaling $800k relating to business restructuring such as redundancy payments
