M2 GROUP LTD 29 October 2015
Geoff Horth, CEO
FY15 RESULT
CONTINUED GROWTH IN KEY METRICS
REVENUE1 UP 9% TO
$1.12 billion
EBITDA2 UP 6% TO
$170.5 million
NPAT2,3 UP 10% TO
$73.7 million
NPAT (UNDERLYING, EX TRANS
COSTS) 2,3 UP 17% TO
$100.2 million
Compared to previous corresponding period
Includes one month contribution from CallPlus Group, from 1 June 2015
Reported EBITDA and NPAT are affected by transaction costs for CallPlus Group ($10.2m and $8.8m respectively)
Underlying NPAT includes an add-back of a non-cash cost of $17.7 million for amortisation ($18.3 million in the previous
corresponding period, tax affected) associated with customer contracts acquired in the relevant period (in accordance with 3
Australian Accounting Standards) as well as an add-back of transaction costs for CallPlus Group of $8.8 million
FY15 EARNINGS EXCEEDS GUIDANCE
EBITDA
($M)
% growth on
pcp
NPAT ($M)
% growth on
pcp
Reported 170.5 6% 73.7 10%
Add back one-off transaction costs 10.2 8.8
Reported, ex transaction costs 180.7 13% 82.5 23% Customer Contract Amortisation 17.7
Underlying NPAT, ex trans costs1 100.2 17%
One off transaction costs include elimination of $4.8 million item on balance sheet relating to establishment fee from previous refinance
Reported NPAT, excluding transaction costs, growth of 23% exceeds guidance of 15-20% growth
1) Underlying NPAT includes an add-back of a non-cash cost of $17.7 million for amortisation ($18.3 million in the previous corresponding period, tax affected) associated with customer contracts acquired in the relevant period (in accordance with Australian Accounting Standards) as well as an add-back of transaction costs for CallPlus
Group of $8.8 million 4
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