STV Interim Results

9th September 2021

Strong recovery; strategic momentum

Screw, STV Studios for C4

Agenda

Introduction

Paul Reynolds

Overview

Simon Pitts

Finance review

Lindsay Dixon

Strategic update

Simon Pitts

2

Growth already beyond 2019 levels

  • Revenue +35% on 2020 and +10% on 2019
  • Adjusted operating profit +118% on 2020 and +3% on 2019
  • Maintaining record audience growth on TV and online
  • Advertising trends strengthening ahead of expectations
  • High margin digital business continues to accelerate
  • Good momentum in Studios, with further commissions and an 8th creative label
  • Sale of lottery completed with long term advertising contract
  • Positive outlook for remainder of 2021
  • Following a return to cash dividend in May, Board proposes interim dividend of 3.7p, +23% on 2020

3

Finance Review

Lindsay Dixon

Angela Black, STV

H1 2021 key financials

Total

Revenue

£60.3m

2020 +35%

2019 +10%

Studios

Revenue

£6.0m

2020 +265%

2019 +202%

Total

Advertising

Revenue

£51.4m

2020 +32%

2019 +5%

Adjusted

Operating

Profit

£11.4m

2020 +118%

2019 +3%

Regional

Advertising

Revenue

£7.6m

2020 +27%

2019 +4%

Adjusted

EPS

19.2p

2020 +79%

2019 +11%

Digital

Revenue

£8.5m

2020 +45%

2019 +52%

Net

Debt

£17.6m

Dec '20

£17.5m

Jun '20

£33.5m

5

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STV Group plc published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 13:11:09 UTC.