XLMEDIA PLC ▪
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Item US$'000 | H1.2020 | H1.2019 | |
Revenues | 27,715 | 42,459 | |
Cost of revenues | 11,106 | 13,621 | |
Gross profit | 16,609 | 28,838 | |
Gross profit % | 60% | 68% | |
Operating expenses | 14,829 | 14,514 | |
Operating profit before Impairment and Reorganisation | 1,780 | 14,324 | |
costs | |||
Total adjusted EBITDA | 5,093 | 18,616 | |
% Adjusted EBITDA | 18% | 44% | |
Reorganisation costs | 1,501 | - | |
Operating profit | 279 | 14,324 | |
Finance expenses, net | (108) | (529) | |
Profit before taxes on income | 171 | 13,795 | |
Taxes on income | 72 | 1,723 | |
Income from continuing operations | 99 | 12,072 | |
Income from discontinued operations, net | - | 79 | |
Net income | 99 | 12,151 |
Business performance impacted by Google de-ranking and Covid-19.
Monthly revenue running below expectations, with full $2 million per month impact from late March
Operating expenses remain stable
Profit lower due to revenue reduction
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Products | |||
100% | |||
Bingo, 3% | |||
Other | 75% | ||
Casino, 62% | Sports, 20% | ||
50% | |||
Finance | |||
15% | |||
373 | 18 | 25% | |
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Business Model
Hybrid ,
19% Revshare ,
56%
Fix , 6%
CPA , 19%
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We are beginning to see signs of recovery
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THIS PRESENTATION (THE "PRESENTATION ") WHICH HAS BEEN PREPARED BY XLMEDIA PLC. (THE "COMPANY) IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES, AND NEITHER THE PRESENTATION NOR ANYTHING CONTAINED HEREIN NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH OR ACT AS ANY INDUCEMENT TO ENTER INTO ANY CONTRACT OR COMMITMENT WHATSOEVER.
Neither the Presentation, nor any part of it, may be taken or transmitted into the United States of America, Australia, Canada, South Africa or Japan or into any jurisdiction where it would be unlawful to do so ("Prohibited Territory"). Any failure to comply with this restriction may constitute a violation of relevant local securities laws.
The Presentation is issued solely to and directed at: (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and are "investment professionals" falling within the meaning of the Order; and (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order.
This document is exempt from the general restriction on the communication of invitations or inducements to enter into investment activity and has therefore not been approved by an authorised person as would otherwise be required by section 21 of the Financial Services and Markets Act 2000 ("FSMA"). It is a condition of your receiving the Presentation Materials that you fall within, and you warrant and undertake to the Company that:
- you fall within one of the categories of persons described above;
- you have read, agree to and will comply with the terms of this disclaimer;
- you are not resident in, or a citizen of, a Prohibited Territory; and
- you will not forward, reproduce or otherwise disclose the contents of this document to any person in contravention of FSMA or any other applicable law or regulation or to any person in a Prohibited Territory.
The Presentation should not be copied, distributed or passed on, directly or in directly, to any other person. The Presentation contains only a synopsis of more detailed information available in relation to the matters described in it and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or
completeness of such information and to do so could potentially expose you to a significant risk of losing all of any investment made by you. No reliance should be placed on the information and no representation or warranty (express or implied) is made by the Company, any of its directors or employees or any other person, and, save in respect to fraud, no liability whatsoever is accepted by any such person, in relation thereto.
The statements contained in this document, such as "may," "will," "should," expect," "anticipate," "estimate," "intend," "continue", "aiming" and "believe" and other similar expressions are forward-looking statements and not historical facts. Due to various risks, uncertainties and assumptions, actual events or results or the actual performance of the Company may differ materially from those reflected in or contemplated by such forward- looking statements. Past performance, targeted performance and projected performance are not reliable indicators of future results and there can be no assurance that targeted or projected returns will be achieved. The value of any investment made by an investor can go down as well as up and an investor may lose its entire investment.
US$'000 | H1.20 | H1.19 | H1.20 | H1.19 | |||
Operating Activities | |||||||
Financing Activities | |||||||
Net income | 99 | 12,151 | |||||
Dividend paid to equity holders of the Company | - | (8,226) | |||||
Depreciation and amortization | 3,171 | 3,618 | |||||
Acquisition of treasury shares | - | (9,653) | |||||
Cost of share-based payment | 142 | 674 | |||||
Repayment of bank loans | (1,500) | (2,750) | |||||
Changes in working capital | 862 | 6,740 | |||||
Taxes paid, net | (270) | 891 | Dividend paid to non-controlling interests | (184) | (319) | ||
Finance (income) expense | 21 | (267) | |||||
Exercise of options | - | 117 | |||||
Net cash provided by operating activities | 4,025 | 23,807 |
Investing Activities | ||
Purchase of property and equipment, net | (186) | (111) |
Acquisition of domains, websites, technology | (4,394) | (4,311) |
Adjustment of proceeds from the sale of | (270) | - |
discontinued operation | ||
Short- term and long-term investments, net | 298 | 139 |
Net cash used in investing activities | (4,552) | (4,283) |
Repayment of lease liabilities
Net cash used in financing activities
Exchange differences on balances of cash and cash equivalents
Increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
- (703)
(2,253) (21,534)
519 526
(2,261) (1,484)
27,108 44,627
24,847 43,143
US$'000 | 30.06.20 | 31.12.19 |
Current assets: | ||
Cash and short-term investments | 27,330 | 29,893 |
Trade receivables | 4,210 | 7,755 |
Other accounts receivable | 4,492 | 4,744 |
Total current assets | 36,032 | 42,392 |
Non current assets | ||
Long term investments | 687 | 682 |
Property and equipment | 8,467 | 9,431 |
Intangible assets | 49,318 | 46,643 |
Other assets | 559 | 278 |
Total non-current assets | 59,031 | 57,034 |
Total assets | 95,063 | 99,426 |
30.06.20 | 31.12.19 | ||
Current liabilities | |||
Trade payables | 1,626 | 3,028 | |
Other liabilities and accounts payable | 21,003 | 21,578 | |
Current maturity of long-term bank loan | - | 1,465 | |
Lease liability | 1,138 | 1,161 | |
Total current liabilities | 23,767 | 27,232 | |
Non-current liabilities | |||
Lease liability | 7,185 | 8,067 | |
Other liabilities | 592 | 581 | |
Total non-current liabilities | 7,777 | 8,648 | |
Equity | |||
Share premium and capital reserves | 82,438 | 112,455 | |
Treasury shares | - | (30,159) | |
Retained earnings | (19,210) | (19,041) | |
Non-controlling interests | 291 | 291 | |
Total equity | 63,519 | 63,546 | |
Total equity and liabilities | 95,063 | 99,426 | |
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XLMedia plc published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2020 11:04:04 UTC
