monitise plc h1 2014
TRANSCRIPT
-
8/11/2019 Monitise Plc h1 2014
1/28
19 F 2014
IIE I 31 D 2013
H1 F 2014 EEE 67% H1 F 2013
G AGI E AIAIED: AGI A 73% E 72% A EA AG
AE F AFE AD AE AC IIE AF IE 133% $71B
EGIEED CE 28, CAED IH 20 A EA AG
G AC F EEE GH F AIAE 50% I F 2014
LONDON M (LSE: MONI) (M, C G),
M M , 31
D 2013.
F H
H1 F 2014 46.5, 67% H1 F 2013.
G 73% 72% H1 F 2013,
,
.
EBITDA (1) 10.2 (H1 F 2013 : 14.7).
A (2) 16.4 (H1 F 2013 : 21.0)
1.0 (H1 F 2013 : 1.8). S 22.0 (H1 F 2013 :
30.3) 1.4 (H1 F 2013 : 2.6).
G 66.2 31 D 2013. F (3) 20.3
21.6 H1 F 2013.
(1)EBITDA / , , ,
.(2)
A , , .(3)
F J
. I .
-
8/11/2019 Monitise Plc h1 2014
2/28
G
M. .
E 50% F 2014.
F 2014 70%.
T G
.
A L S E 2014
.
H
o P $71 ,
$31 .
o F , 3.4
, 2 .
o R 28, 20 .
G
o IBM M S 2013,
M M
.
o M 2014 IBM C A H P N
B P IBM P L L
11 F 2014.
o F M
T D F 2013, .
o I CEB T G J R S
.
G
o E
M 30 E
M
.
-
8/11/2019 Monitise Plc h1 2014
3/28
M M M K
.
A
.
G M L (G) M S
2013 M C. T
, K, E
. M C FIFA S
S .
M C B B
, P,
A BB .
o
S 5.1, M
A, .
.S. B M
.
M NFC
D G, C .
I., M
, DPS
, P POS.
P CSC G
2,600 N
A.
o I
M, M 50/50 J (J) I
ICICI, I , M
. T
M HDFC B, I
.
o A P
M M A P L,
50:50 J F E M I L.
M C M M
E T B C (H K).
M, B C
-
8/11/2019 Monitise Plc h1 2014
4/28
-
8/11/2019 Monitise Plc h1 2014
5/28
T B
, . M
.
1 , 01 .0
, , . ...
../ .
../.
A
M (LSE: MONI) M M ,
. L , ,
M' .
A 28 M ' ',
' ' ' ', $71 ,
. M ...
F
A L, C E O
L C, C C O
B P, C F OM K, C I O
I
A G, H HB
@.
G H
G.@.
C GS B, C D
FI C
C P, S MM
T: +44(0)20 3657 0900
T: +44(0)20 3657 0366
T: +44(0)20 3657 0362
T: +44(0)20 7523 8000
T: +44(0)20 7831 3113
F
T .
M
, ,
-
8/11/2019 Monitise Plc h1 2014
6/28
. T ,
G .
B
T 2014
. O G
M
. O
, .
T 67% 46.5
.
T
. M 3.5
, 2 . A
, M 28
, 20 . T
M M
$71. T $31 $50 G
S 2013.
D G
.
I S 2013, G E
G, M C. B
M
M M .
T F 2013, M
T D. S ,
. M
.
E , G
2017 $3.1 , $200
$2.9 G O 2012. S
. A , .S. B M
. .S. B
S. O IBM
M M .
-
8/11/2019 Monitise Plc h1 2014
7/28
IBM , , IBM
MF , M E.
A M M ,
. G . T
, , .
I
M
. T G
M M .
I CEB TG M B T A D 2013, M
CE, I D, I M, E S. I
J S & R , M
T M B, T S
S T C S. M .
S, M 100% , ,
, . C,
M M M ,
. I
, ,
,
.
P (P2P) M R B S G
B I B B A M
D T F 50, 50
K. T M
15 , 12 2012 2011 .
I O 2013, G B PP P E
P I BB M , BBM M. T
P2P
, , , .
IBM C A H P N B P.
T ,
.
-
8/11/2019 Monitise Plc h1 2014
8/28
F
T G .
R 67% 46.5 H1 F 2014 27.8 H1 F 2013.
, 59% H1
F 2014, 51% H1 F 2013. T
27.3 11.1
. P
/ , .
S 14% 16.3
. T 2013
. M
, .
.
D 41%, , ,
T D E.
G
G 73% (H1 F 2013: 72%),
51% 59% . 91% 86% H1 F 2013
. D
46% , 58% H1 F 2013. T
,
. M
, M
,
50% .
EBIDA
T G EBITDA 10.2 H1 F 2014 14.7 H1 F 2013. I
,
M M . T 44.0 (H1 F 2013:
34.8) , IT
, .
-
8/11/2019 Monitise Plc h1 2014
9/28
&
D 1.9 (H1 F 2013: 1.5). A 7.4 (H1 F 2013:
4.6) 3.7
2.4.
T 3.1 (H1 F 2013: 2.1)
.
1.0
. A 2.3
M A P L, J
F E I M L.
B
G 23.3, H1 F 2013 29.7.
A 1.3 (H1 F 2013: 0.6 )
.
A
T H1 F 2014 22.0 (H1 F 2013: 30.3). O
, ,
, 16.4 (H1 F 2013: 21.0).
T 1.4 (H1 F 2013: 2.6). O
, , ,
1.0 1.8 H1 F 2013.
C F F
T G , 66.2 31
D 2013 100.4 31 D 2012 85.6 30 J 2013. F
, 20.3,
21.6 H1 F 2013.
J , , 1.2 ,
2.9 H1 F 2013. T J (M M N
D 2012 M A P O 2013). C
8.6 9.1 G
.
-
8/11/2019 Monitise Plc h1 2014
10/28
C 1.0 (H1 F 2013: 3.7) , 8.1 (H1
F 2013: 4.8) .
B E
O 3 F 2014, G 100%
T P, M M
. I 35,925,589
24 66.5 31 J 2014. I ,
36 , M ,
.
E
M E M M
P P . M 30 , RBS,
N B, A I B
J 2014, G
E . RBS
E P P . I J,
E 1 3 K
.
O 31 D 2013, M M M
K . A , M , ,
, . T
. I M
,
G . M
.
M C B B
. T , M 2013,
P, A BB .
P , M OPP G, F
, POS . F
K E,
G, I, .
C
T G , S 2013, M
C, G B&Q. S , M C
-
8/11/2019 Monitise Plc h1 2014
11/28
S M G,
, . I D 2013,
M C O FIFA A
2014 FIFA C B. T FIFA
. M C
P I , .
I D, C M C DI
B&Q 10 ,
.
M C
, , K, E
S .
D , M
B A, B A P A S .
L M A 50
N A. T G A 12
F I B, A S B,
B, BMO B M, F T B, .S. B, F B, MB F
C, .
M A
,
. T 5.1
. T
S .
T
, .
.S. B M
. T , ,
,
,
.
D , M CSC G
2,600 N A,
D, C, NFC
.
-
8/11/2019 Monitise Plc h1 2014
12/28
I., M .
T DPS M C M S
M
. T P A ,
. D ,
M C .
M P,
A K OS H C E.
A, .
. I ,
M POS
OS A ,
.
M A , G
.
I
O 22 J 2013, M, M I I.,
ICICI B, I , M
. T ICICI B ,
. S
ICICI B ,
.
A
M A P H K.
S , M C
M M H K
M A. E T ,
PCCHKT SIM
, . B C (H
K) H K J E T S L (JETCO), ATM H K. T
M
B C (H K) S 2012 30
JETCO .
D , BBM M AGIT M
PB BB I .
. S
.
-
8/11/2019 Monitise Plc h1 2014
13/28
O 21 O 2013, M A P , M A
P L, 50:50 F E M I L,
H K C.
I H K, G
A P .
B
D B D
P A NE C S C D NE
D.
P E P C E
NE D B M N 2011
1 O 2013, E. H DMI, C, .
S C D G NE D.
G
M. .
E 50% F 2014.
F 2014 70%.
T G
.
A L S E 2014
.
A C E
-
8/11/2019 Monitise Plc h1 2014
14/28
C C C I
S
31 D 31 D 30 J
2013 2012 2013
() ()* ()
N 000 000 000
4 46,541 27,819 72,796
C (12,685) (7,773) (17,588)
G 33,856 20,046 55,208
O , ,
(44,048) (34,764) (74,513)
EBIDA 13 (10,192) (14,718) (19,305)
D, (9,285) (6,078) (16,147)
(19,477) (20,796) (35,452)
S (3,130) (2,140) (5,333)
E /() 10, 11 2,307 (1,444) (1,444)
O 13 (984) (2,767) (4,210)
(21,284) (27,147) (46,439)
F 149 163 390
F (1,028) (544) (563)
S (1,104) (2,190) (4,440)
(23,267) (29,718) (51,052)
I 1,290 (614) (251)
/ (21,977) (30,332) (51,303)
()/ :
C (9,394) (4,231) 2,468
/ (31,371) (34,563) (48,835)
L /
( ):
5 (1.4) (2.6) (3.8)
* C 6 31 D 2012
M A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
15/28
C C F
31 D 31 D 30 J
2013 2012 2013() ()* ()
N 000 000 000
AE
P, 7,370 8,490 8,049
I 6 218,187 188,439 192,648
I 1,896 764
D 885 44
227,453 198,578 200,741
C
T 21,644 11,437 17,363
C 67,248 106,414 86,770
88,892 117,851 104,133
316,345 316,429 304,874
IABIIIE
C
T (40,679) (34,899) (36,942)
P (1,087) (445) (1,858)
F 7 (6,353) (1,988) (936)
(48,119) (37,332) (39,736)
I (498)
O (3,911) (2,803) (2,333)
P (5,985) (6,574) (6,308)
F 7 (7,449) (4,592) (880)
D (12,282) (14,655) (14,170)
(77,746) (65,956) (63,925)
238,599 250,473 240,949
EI
O 16,427 15,414 15,630
O 347
S 217,323 214,753 216,594
F (6,671) (3,976) 2,723
O 155,148 128,753 130,747
A (143,628) (104,818) (124,745)
238,599 250,473 240,949
* C 6 31 D 2012
M A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
16/28
C C C E
S F
O R
O S M A
T
000 000 000 000 000 000 000 000 000
31 D
2012 ()*
B 1 J 2012* 10,170 15,615 101,336 109,172 (25,321) 10,458 (76,533) 255 145,152
L (30,332) (30,332)
O (4,231) (4,231)
(30,332) (4,231) (34,563)
I (
) 5,210 (15,268) 113,142 32,405 135,489
R 1,965 1,965
R
2,121 2,121
E 34 275 (82) 82 309
B 31 D 2012* 15,414 347 214,753 141,577 (25,321) 12,497 (104,818) (3,976) 250,473
30 J 20 13
()
B 1 J 2012 10,170 15,615 101,336 109,172 (25,321) 10,458 (76,533) 255 145,152
L (51,303) (51,303)
O 2,468 2,468
(51,303) 2,468 (48,835)
I (
) 5,227 (15,615) 113,323 32,742 135,677
R 1,965 1,965
R 4,822 4,822
E 233 1,935 (1,126) 1,126 2,168
B 30 J 2013 15,630 216,594 141,914 (25,321) 14,154 (124,745) 2,723 240,949
31 D
2013 ()
B 1 J 2013 15,630 216,594 141,914 (25,321) 14,154 (124,745) 2,723 240,949
L (21,977) (21,977)
O (9,394) (9,394)
(21,977) (9,394) (31,371)
I 492 195 24,538 25,225
R
2,896 2,896
E 62 65 61 188
E 243 469 (3,033) 3,033 712
B 31 D 2013 16,427 217,323 166,452 (25,321) 14,017 (143,628) (6,671) 238,599
* C 6 31 D 2012 M
A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
17/28
C C C F
S
31 D 31 D
2013 2012 30 J 2013
() ()* ()
N 000 '000 000
C
C 8 (9,972) (9,628) (17,063)
E (1,172) (4,371) (6,733)
N (7) (193) (462)
(11,151) (14,192) (24,258)
C
C 1,554 749 749
I (1,238) (1,533) (2,590)
L (1,400) (1,400)
I (151) (299) (339)
I 170 33 237
P , (973) (3,748) (5,071)
P (8,123) (4,807) (9,087)
(8,761) (11,005) (17,501)
C
P ( ) 60 117,286 117,267
S 712 309 2,168
P 139 139
R (5,379) (10,376)
R (123) (64) (191)
649 112,291 109,007
()/ (19,263) 87,094 67,248
C / 86,770 19,566 19,566
E (259) (246) (44)
C / 67,248 106,414 86,770
* C 6 31 D 2012
M A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
18/28
C C F
31 D 2013
1. G I
M C E ,
A I M (AIM) L S E. T . M G
.
T B 18 F 2014.
T S 434
C A 2006. S 30 J 2013 B 4 S 2013
R C. T A ,
S 498 C A 2006.
T
31 D 2013
.
2. A
T IFRS,
, , C 2013
A R A. T . A
AIM , G IAS 34 I .
B G , D G
. T D
.
T 31 D 2012
, M A I. M M
N L .
T 30 J 2013,
. T ,
1 J 2013, G,
:
IAS 19 E ( 2011)
A IAS 12 I
IFRS 13 F
A 2011
IFRS 1 F IFRS ( 2012)
IFRS 7 F : D ( 2011)
T , ,
1 J 2013 :
E ( E )
IFRS 10 C 1 J 2014
IFRS 11 J 1 J 2014
IFRS 12 D 1 J 2014
T G (A IFRS 10, IFRS 11 IFRS 12) 1 J 2014
IFRIC 21 L 1 J 2014
IAS 27 S ( 2011) 1 J 2014
IAS 28 I ( 2011) 1 J 2014
IAS 32 F I: P ( 2011) 1 J 2014
IAS 36 I ( 2013) 1 J 2014
IAS 39 F : R ( 2013) 1 J 2014
IFRS 9 F 1 J 2015
I E (A IFRS 10, IFRS 12 IAS 27) 1 J 2014 A 2012 2013 1 J 2014
A IAS 19 E 1 J 2014
-
8/11/2019 Monitise Plc h1 2014
19/28
C C F ()
2. A ()
T D IFRS 11, J
G 2011/12. T G ,
.
T G
E G .
3. C A E J
T G ,
, , . T
D
,
. A .
I G , ,
C 2013 A R A.
)
R
G , . I ,
.
, , , . T
.
P
. T
:
G ;
G
; ;
G;
.
R
. R
. D
, ,
. D
. P
.
T, . R
. T G
. ,
.
A G
G
. M
.
)
J . T
,
C .
-
8/11/2019 Monitise Plc h1 2014
20/28
C C F ()
3. C A E J ()
) G
T D G
G . T .
) D
T G IAS 38. M
. T
. M .
)
G ,
. T
. I
. F . F .
) I
IFRS , , ,
,
.
I ,
. I ,
. C
G . T G
.
) D
D . I ,
,
.
)
M
, .
) F
T ,
, . M
.
-
8/11/2019 Monitise Plc h1 2014
21/28
C C F ()
4. I
M G
. T B D G . M
B D .
S M A I. J 2012, G
. T M B D , , ,
EBITDA G
. I , B .
A, G 31 D 2013. T
, . T
, B, C C
S C I.
S
31 D 31 D
2013 2012 30 J 2013
() () ()
000 000 000
P 11,072 13,744
S 16,264 14,216 29,649
27,336 14,216 43,393
D 19,205 13,603 29,403
46,541 27,819 72,796
P
.
5.
B
B O
. A G , ''. A ,
. R :
S
31 D 31 D 30 J
2013 2012 2013
() ()* ()000 000 000
L / (21,977) (30,332) (51,303)
('000) 1,608,562 1,152,882 1,350,300
B () (1.4) (2.6) (3.8)
* C 6 31 D 2012
M A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
22/28
C C F ()
6. I A P
I C
C A
G T
'000 '000 '000 '000 '000 '000 '000
A 31 D 2013 ()
C:
A 1 J 2013 137,663 27,666 222 18,625 6,189 18,882 209,247
A 2,821 4,263 7,084
A ( 10, 11) 35,315 2,579 37,894
E (9,589) (2,072) (947) (16) (84) (12,708)
D (193) (193)
A 31 D 2013 163,389 28,173 222 17,678 8,801 23,061 241,324
A :
A 1 J 2013 4,290 215 3,080 2,303 6,711 16,599
C 1,954 7 1,731 1,249 2,449 7,390
E (417) (227) (8) (7) (659)
D (193) (193)
A 31 D 2013 5,827 222 4,584 3,351 9,153 23,137
A 31 D 2013 163,389 22,346 13,094 5,450 13,908 218,187
A 30 J 2013 ()
C:
A 1 J 2012 118,168 26,965 222 11,920 3,993 12,263 173,531
A 2,288 6,586 8,874
A 16,638 6,422 264 23,324
E 2,857 701 283 33 3,874D (356) (356)
A 30 J 2013 137,663 27,666 222 18,625 6,189 18,882 209,247
A :
A 1 J 2012 737 183 1,184 1,839 3,943
C 3,441 32 3,004 1,475 3,896 11,848
E 112 76 3 191
I 973 973
D (356) (356)
A 30 J 2013 4,290 215 3,080 2,303 6,711 16,599
A 30 J 2013 137,663 23,376 7 15,545 3,886 12,171 192,648
-
8/11/2019 Monitise Plc h1 2014
23/28
C C F ()
6. I A() P
I C
C A
G T'000 '000 '000 '000 '000 '000 '000
A 31 D 2012 ()*
C:
A 1 J 2012 118,168 26,965 222 11,920 3,993 12,263 173,531
A 1,528 4,038 5,566
A 16,638 6,422 264 23,324
E (4,197) (839) (433) (5) (1) (5,475)
A 31 D 2012* 130,609 26,126 222 17,909 5,780 16,300 196,946
A :
A 1 J 2012 737 183 1,184 1,839 3,943
C 1,693 16 1,232 517 1,139 4,597
E (16) (17) (33)A 31 D 2012* 2,414 199 1,215 1,701 2,978 8,507
A 31 D 2012* 130,609 23,712 23 16,694 4,079 13,322 188,439
* C 6 31 D 2012
M A I. M M N L .
7. F
31 D 31 D 30 J
2013 2012 2013
() ()* ()
000 000 000
D
S 1,111
C
6,119 608 682
F 234 269 254
F 6,353 1,988 936
D
L 3,889
C 6,675 F 774 703 880
F 7,449 4,592 880
13,802 6,580 1,816
* C 6 31 D 2012
M A I. M M N L .
-
8/11/2019 Monitise Plc h1 2014
24/28
C C F ()
8. C A
S
31 D 31 D 2013 2012 30 J 2013
() ()* ()
000 '000 000
L (23,267) (29,718) (51,052)
A :
D 1,895 1,481 3,326
A 7,390 4,597 12,821
S 3,130 2,140 5,333
F 879 381 173
E 984 2,767 4,210
(P)/ (2,307) 1,444 1,444
S 1,104 2,190 4,440
C (
):
(6,527) 3,174 (2,517)
6,747 1,916 4,759
C (9,972) (9,628) (17,063)
* C 6 31 D 2012
M A I. M M N L .
T G 31 D 2013 66.2.
9. C
E , G ,
D G
C C S F P , ,
G.
M PT L K M I L ( M
L) (MIL) . F , D M
K M PT M PT . M
O 2007 ,
, .
T G S
M . I , M .S. M
. T D / M
.S. .
N , .S.
, D ,
.
T G MIL S
M . T D / M
S . T ,
.
-
8/11/2019 Monitise Plc h1 2014
25/28
C C F ()
10. A G
O 4 S 2013, G G M L
26,440,000 , 28,640,748 M
. G M L M C . M C
.
T M M' . T
M C .
A M C, , . I
IFRS 3,
.
I 1 J 2013, G
47,480,000 21,945,000.
T G M C .
T ,
M C' M .
O 454,000 C C S
C I O .
T D ,
. T . T
.
T G :
B
000 000 000
P, 96 96
I 1,674 1,674
C 2,203 2,203O (539) (539)
D (385) (385)
1,760 1,289 3,049
P 26,440
P (3,049)
23,391
P :
I 13,175
C 1,079
F 12,186
26,440
N .
1,674,000 M C
. A 385,000
.
T ,
,
.
J . F
.
-
8/11/2019 Monitise Plc h1 2014
26/28
C C F ()
11. A A
O 21 O 2013, G 50% , M A P
L (MAP), 11,850,000 20,000,000
M . MAP , AP .
4,957,000
. T E
C C S C I. T
. T 50% MAP 6,893,000.
I 1 J 2013, G
46,483,000 22,403,000.
T G MAP, , A
P . T ,
MAP AP , .
T G MAP
6,893,000 7,308,000. T ,
, 2,351,000. O 44,000 . T C C S C I E .
T D ,
. T . T
.
T G :
B
000 000 000
P, 4 4
I 905 905I 438 1,522 1,960
C 430 430
O (1,288) (1,288)
D (149) (149)
(416) 2,278 1,862
P 50% 6,893
P 6,893
P (1,862)
11,924
P :
I 11,850
L (4,957)
6,893
N .
905,000 MAP
. A 149,000 .
T ,
,
.
J . F
.
-
8/11/2019 Monitise Plc h1 2014
27/28
C C F ()
12. GAA GAA I
S
31 D 2013 31 D 2012 30 J 2013
() ()* ()
000 '000 '000
L (21,977) (30,332) (51,303)
S 3,130 2,140 5,333
E ()/ (2,307) 1,444 1,444
O 984 2,767 4,210
I 973
A 3,740 2,980 6,555
A (16,430) (21,001) (32,788)
('000) 1,608,562 1,152,882 1,350,300
A () (1.0) (1.8) (2.4)
* C 6 31 D 2012
M A I. M M N L .
13. C C C I
EBITDA O , , , .
O .
14. B E
T G 100% P A.., T
, 31 J 2014. I 35,925,589 O
24 66.5 31 J 2014. I , 36
, M , .
D , . A ,
.
-
8/11/2019 Monitise Plc h1 2014
28/28
C I
95 G S
L
EC2 7NA
B C G L88 S
L
EC2 7QR
I PC LLP
C A S A
1 E P
C2N 6RH
E
A H
S R
L
S
BN99 6DA