TOMCOM LIMITEDY Results Review.ppt

(#) TOM.COM LIMITEDY2001 Results Review 15th March 2002 Hong Kong Review of the Year Part I: Financial Analysis Financial Highlights – 2001 vs. 2000 2001 Revenue Q-o-Q Growth 2001 Revenue Above Market Expectation of HK$612M 2001 Q4 vs. 2000 Q4:3x Revenue Increase, 48% EBITDA Improvement 2001 Operating Loss In Line With Estimates of HK$227M Eliminated 100% Goodwill Arising from Online Acquisitions Part II: Management Discussion OUTDOOR: Building the Largest Outdoor Media Network in Mainland China Focusing on Billboards Unipoles Diversified outdoor media assets: billboards, unipoles, street furniture, transport advertising Presence in 13 major cities throughout Mainland China 134,000 sq. m. of advertising space Over 9,000 outdoor media units 77% average occupancy rate EBITDA margin: over 50% PRINT: Consolidated Taiwan Print Media Market ONLINE / TELECOM VAS: Successful “Access Portal” Positioning SPORTS: The No.1 Sports Marketing Company in China Consolidation, Rationalisation Integration Discipline Significant Organic Growth Potential in 2002, Additional Acquisitions to Come TOM.COM LIMITEDY2001 Results Review 15th March 2002 Hong Kong * Sevenfold increase in revenue over 2000 2002 Revenue derived from same asset base can potentially double On track to achieve cash flow breakeven Eliminated 100% online premium through conservative accounting approach * Exclude one time reorganisation costs, impairment of goodwill and fixed assets 77 146 159 245 * TOMNET revenue flat due to ongoing utilisation of residual value, expected to continue throughout 2002 Q1. 627 89 Online 1.6x revenue increase: Success of “access portal” strategy Offline 13x revenue increase: Broadened revenue base 48% improvement 3x increase * Exceptional year-end corporate expenses * Revenue EBITDA 40% improvement Sevenfold increase in revenue, but OPEX* decreased by 2% – a leaner cost structure in place to support a larger revenue base 2000 OPEX: HK$497M 2001 OPEX: HK$487M *