Results for First Quarter ended 30 September 2017 10 November 2017 1
Disclaimer This presentation contains certain forward looking statements with respect to the financial condition, results of operations and business of Global Yellow Pages Limited (“GYP”) and certain of the plans and objectives of the management of GYP. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of GYP to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward looking statements were based on numerous assumptions regarding GYP’s present and future business strategies and the political and economic environment in which GYP will operate in the future. 2
Q1 FY2018 Results Overview The Group recorded revenue of S$6.0m for Q1FY18, an increase of S$0.3m or 5.0% compared to Q1FY17 Revenue from continuing operations for Q1FY18 was S$6.0 million, an increase of S$0.3 million or 5.0% compared to S$5.7 million for Q1FY17 due to increased revenue contribution from Pakuranga Plaza Limited (“PPL”) and the Search business which was partly offset by a decrease in revenue contribution from Supatreats Asia Pte Ltd (“SAPL”). 3
Q1 FY2018 Results Overview The Group recorded other income of S$0.7m and other losses of S$0.4m in Q1FY18 Other income of S$0.7 million relates mainly to rental income generated from Yellow Pages Building. Other losses of S$0.4 million for Q1FY18 relates mainly to foreign exchange losses. 4
Q1 FY2018 Results Overview The Group recorded total expenses of S$6.6m in Q1FY18 Total expenses of S$6.6 million in Q1FY18 was at the same level as Q1FY17. Professional fees decreased by S$0.1 million in Q1FY18 compared to Q1FY17 because of lower consultancy fees incurred in Q1FY18. Staff costs increased by 4.5% to S$2.4 million in Q1FY18 compared to Q1FY17 as a result of a one-off S$1.0 million retrenchment costs incurred in Q1FY18 arising from the Company’s restructuring of the Yellow Pages business announced on 1 August 2017. Amortisation expenses decreased by S$0.1 million in Q1FY18 compared to Q1FY17 due to impairment of intangible assets in the financial year ended 30 June 2017. Other expenses increased by S$0.1 million in Q1FY18 compared to Q1FY17, and comprised mainly supplies and services, insurance expenses, technical and licensing fees and travel expenses. 5
Q1FY2018 Results Overview Excluding discontinued operations and one-off retrenchment costs, the Group posted a net income of S$0.6m in Q1FY18 compared to a net loss of S$0.2m in Q1FY17 As a result, the Group posted a net loss of S$0.4 million in Q1FY18 compared to a net loss of S$0.1 million in Q1FY17. Excluding discontinued operations and one-off retrenchment costs of S$1.0 million, the Group posted a net income of S$0.6 million in Q1FY18 compared to a net loss of S$0.2 million in Q1FY17. 6
Financial Highlights * Excluding one-off retrenchment costs of S$1 million 7
Major Changes in Net profit S$'million Revenue 0.3 Other gains 0.1 Other loss 0.4 Expenses * 0.9 Income tax expense 0.1 Profit from continuing operations * 0.8 * Excluding one-off retrenchment costs of S$1 million 8
Expenses S$'million Q1FY2018 Q1FY2017 Change From continuing operations 0.7 0.7 0.0% Cost of ice‐cream and related goods 0.5 0.5 0.0% Professional fees 0.8 0.8 0.0% Property related and maintenance expenses 0.6 0.6 0.0% Marketing, advertising and promotion expenses 1.4 2.3 39.1% Staff costs * 0.2 0.2 0.0% Depreciation 0.0 0.1 100.0% Amortisation 0.9 0.9 0.0% Finance expenses 0.5 0.4 25.0% Other expenses Total Expenses * 5.6 6.5 13.8% * Excluding one-off retrenchment costs of S$1 million 9
Balance Sheet Highlights S$'million 30 Sep'17 30 Jun'17 Cash & cash equivalents 8.5 9.6 Total assets 151.6 155.4 Total liabilities 90.0 92.4 Shareholders' equity* 61.5 63.0 Current ratio 0.5 x 0.5 x Debt / Equity 1.3 x 1.3 x * Excluding non-controlling interests 10
Outlook The Company announced on 14 September 2017 and 13 October 2017 the proposed acquisition of a plot of freehold land of approximately 21.8 hectares located at Bellfield Road, Papakura, New Zealand. The Company intends to develop the land and subdivide it for sale and also explore the development of part of the land into commercial units. 11
Thank You 12
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