Powering the Next Generation of Digital Advertising Results Presentation – September 2015 CONFIDENTIAL
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Introduction ADTECH PLATFORMS INVESTING IN MOBI OBILE: E:PROGRESS AND STRATEGY Positioned across the value chain Building technology Big Data Analytics Diversified business models Programmatic RTB for Mobile EXTENDED REACH Video Revenue growth of $14m to $41m Unique monthly users up 70m since IPO to 220m Results Presentation – September 2015 3
Financial Highlights Strong financial discipline Organic revenue growth Adjusted EBITDA $5.5m Revenue up by (H1/14: $7.6m) $14.2m to $40.8m Strong balance Organic revenue sheet growth of $11.4m $78m of cash balances at the Cash generative period end Cash flow from operations No debt $4.1m (H1/14: $4.8m) Results Presentation – September 2015 4
Interim Revenue Analysis Pro-forma Revenue (1) by Channel Statut St atutor ory 2015 2015 2014 2014 % Ch % Chang nge $mi mill llio ion H1 H1 H1 $million Mobile 6.8 1.5 333% Mobile Web Web 34.0 25.1 35% Total To talrevenu nue 40.8 26.6 53% 53% 34.0 25.1 Pro-forma (1) Pr 2015 2015 2014 2014 % Ch Change $mi mill llio ion H1 H1 H1 H1 Mobile 6.8 4.2 62% Web 34.0 25.1 35% 6.8 4.2 To Total talrevenu nue 40.8 29.3 39% 39% H1/14 H1/15 (1) *The H1 /14 revenue presented above includes the results of Ajillion and DefinitiMedia, acquired in May 2014, as if the companies had been part of the group for H1/14 as a whole. Results Presentation – September 2015 5
Revenue Analysis Revenue by Channel Revenue by Geography 3% 3% Rest of the world 4% Mobile 5% United States 17% Germany 6% 37% France United Kingdom 7% Australia Italy Web 9% 83% Brazil Spain 26% Results Presentation – September 2015 6
Interim Margin Analysis Mobile (1) 2015 2014 % Change Margin by Channel $million $million H1 H1 Mobile Web Revenue 6.8 1.5 353% Direct costs (1) (5.4) (1.3) 315% Segment margin 1.4 0.2 600% 11.6 11.5 Margin % 22% 16% +6% Web 2015 2014 % Change $million H1 H1 Revenue 34.0 25.1 35% 1.4 Direct costs (1) (22.5) (13.5) 67% 0.2 Segment margin 11.5 11.6 (1)% H1/14 H1/15 Margin % 34% 46% (12)% (1) Direct costs comprise cost of sales plus traffic acquisition costs included within sales and marketing Results Presentation – September 2015 7
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