Future Live Discussion

freedom-thirty5 17 May 2019

Excellent Half Year Results Today’s RNS: RNS Number : 3376Z Future PLC 17 May 2019 17 May 2019 FUTURE plc HALF YEAR RESULTS 2019 Record half year results Future plc (LSE: FUTR, “Future”, “the Group”), the global platform for specialist media, today publishes results for the six months ended 31 March 2019. Highlights Financial results for the six months ended 31 March 2019 Adjusted results 2019 2018 Var Revenue (£’m) 108.7 53.61 103% Adjusted EBITDA3 (£’m) 23.7 8.8 169% Adjusted EBITDA margin % 22% 16% 38% Adjusted diluted EPS § 20.5 10.72 92% Statutory results Operating profit (£m) 10.0 3.8 163% Diluted EPS § 8.7 5.92 47% ● Strong start to year achieving a step change in scale, with adjusted EBITDA3 increasing by 169% to £23.7m (2018: £8.8m), following significant acquisition of Purch in September 2018 ● Continuing strong organic6 growth whilst significantly expanding scale of group reflected in adjusted diluted EPS growth of 92% ● Significant growth in audience across the Group, with overall online audience up 188% year-on-year, and organic sites up 25% ● Total revenue up 103% to £108.7m; Media revenue up 180%, now accounting for 70% of Group revenues, underpinned by organic6 Media revenue growth of 38% at constant currency (42% at actual currency) ● Stated ambition to diversify revenue geographically into US is progressing well with 52%5 of Group revenue now coming from the US (2018: 20%); market leader in consumer technology in US ● Ongoing improvements to operating leverage resulting in EBITDA margin increase to 22% from 16% in 2018 ● Highly cash generative business with adjusted free cashflows4 up 172% to £27.5m (2018: £10.1m) ● New £135m financing package (£90m Revolving Credit Facility with £45m accordion) to underpin growth strategy ● Company returns to Premium Segment of Official List of London Stock Exchange "We have delivered a record breaking first half of the financial year and the continued execution of our strategy to deliver growth through audience engagement and technology innovation is generating clear value across the business. "In addition, we continue our ambition to expand the scale and diversification of the Group. This was accelerated in the first half through two acquisitions: Mobile Nations increases our presence and positioning in the technology sector in the US, whilst ProCycling and Cyclingnews.com give us a credible foothold in a new specialist community. “We have seen the strong momentum continue as we enter the second half of this financial year, with acquisitions performing well and continued positive organic6 growth in the Media division. Going forward we will continue to drive scale and value through the successful execution of our strategy as a global platform business, driven by technology with diversified revenue streams.” 1 Restated for the impact of adopting IFRS 15 Revenue from contracts with customers. Revenue and net operating expenses have both increased by £2.5m with a net nil impact on operating profit. 2 2018 figures have been restated to reflect the bonus element of the rights issue that took place in August 2018. 3 Earnings before share based payments and associated social security costs, interest, tax, depreciation, amortisation and exceptional items (adjusting items, in aggregate, of £12.6m (2018: £3.7m)). 4 Adjusted free cashflows defined as operating cashflows excluding exceptional items less capex 5 Net of revenue between segments 6 Organic revenue defined as performance of the like-for-like portfolio (i.e. an asset owned for a full financial year in the comparative period).

Ripley94 13 Apr 2019

Looks Undervalued FUTR… XXXXX Fair play to share -maiden … was 560p when she posted comment in 9th Feb two months on 846p

Ripley94 09 Feb 2019

Looks Undervalued futr… XXXXX More then doubled past year , a stockopiedia high score great value says Share-maiden 123 , on Dr m Interesting post on shorters .

oldjoe1 24 Nov 2017

FUTR.....BROKER UPGRADE............... Lifted this from FUTR thread....Lifted this from advfn.FUTR Future. N+1 note. Seem to have increased their valuations 5-6% with a 12 month target of £5.29

FKInvest424 18 Oct 2015

F.K. Investments MOMENTUM INVESTING - FUTURE (FUTR) I bought at 10.5p on 16th of October 2015. Check: [link]

mcescher 30 Jul 2015

FUTR vs BMY comparison This infographic compares Future and Bloomsbury Publishing plc, they have details on valuation etc. [link]