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Jumbuck Entertainment LtdJumbuck Entertainment LtdThe world’s leading mobile community provider
2008 Full Year Results
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Key HighlightsKey Highlights
Financial Highlights
Jumbuck Products for Growth
Summary and Outlook
Additional informationAdditional information
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K Hi hli htKey Highlights
Sales Revenue $15.0m up 1%
EBITDAI $7.9m up 2%$ p
Sales revenue and profit margin stable
Write down in value of investment in Mobileactive (ASX: MBA)
New products and markets with the Plutolife acquisition
New strength in web products g p
Note: EBITDAI is Earnings Before Interest Tax Depreciation Amortisation and
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Note: EBITDAI is Earnings Before Interest, Tax, Depreciation, Amortisation and Impairment
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Financial HighlightsFinancial Highlights
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Financial Highlights
Sales Revenue $15.0m up 1%EBITDAI of $7.9m up 2%p$1.9M impairment write down in value of the 15% equity stake in MobileactiveOperating cashflow $5.1m up 7% Cash balance $6.7m at 30 June 08, no debt.,Purchase of Plutolife in July 08 for USD3.6M (including USD0.6M of working capital injection), plus earn out
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Growing Revenue
SALES REVENUE ($000s)ACTUAL 2003 -2008
12,000
14,000
16,000
Sales Revenue $15.0m
6,000
8,000
10,000up 1%Sales Revenue growth slowed by strength of AUD
0
2,000
4,000 Use of forex currency option restricted the USD impact on profit
2003/04 2004/05 2005/06 2006/07 2007/08
Financial Year
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Profitability and margins remain strong
8,000
9,000
EBITDAI ($000s)ACTUAL 2003 -2008
5 000
6,000
NPAT ($000s)ACTUAL 2003 -2008
4,000
5,000
6,000
7,000
2 000
3,000
4,000
5,000
0
1,000
2,000
3,000
2003/04 2004/05 2005/06 2006/07 2007/08
0
1,000
2,000
2003/04 2004/05 2005/06 2006/07 2007/082003/04 2004/05 2005/06 2006/07 2007/08
Financial Year
2003/04 2004/05 2005/06 2006/07 2007/08
Financial Year 07/08 NPAT adjusted for prior year tax of $339K and impairment of $2.0M
Profit growth Impairment of investment in Mobileactive (ASX:MBA)Impairment of investment in Mobileactive (ASX:MBA)Profit margins remain high
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Sales Revenue
10000
Sales Revenue by Territory (AUD 000s)Over 3 years
5000
6000
7000
8000
9000
FY 06
FY 07
1000
2000
3000
4000
5000 FY 08
0
1000
Middle East & Africa
Asia Pacific Australia Europe The Americas
Strong revenue growth in South America during FY 08 AUD strength versus USD has impacted US revenues over past 36 monthsAUD strength versus GBP has impacted UK revenues over past 18 monthsAcquisition of WAP3 business in June 06 provided a boost to Europe revenue in FY 07
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Balance Sheet
Net Assets of $24.2mNet Tangible Assets of $9.8mgCash of $6.7mNo debtNo debtOperating cashflow of $5.1m Plutolife purchased for USD3 6m in cash post 30 JunePlutolife purchased for USD3.6m in cash post 30 June 2008 (including USD0.6m of working capital injection)
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J b k O iJumbuck Overview
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Our MissionTo become the largest and most profitable supplier of mobile
community and related services globally.Entering period of mobile content industry consolidationWe have operated to set criteria for potential acquisitions:
Mobile content providers with in-house IP that can be sold throughout Jumbuck’s distributionMobile content providers with in house IP that can be sold throughout Jumbuck s distribution channel; or
Mobile community providers who dominate Jumbuck’s weaker markets; or
Strong web brands with high revenue growth and usage that can be brought to mobile or iPhone;Strong web brands with high revenue growth and usage that can be brought to mobile or iPhone; and
Avoid businesses that rely mainly on 3rd party IP or branding.
Off-portal, advertising and PSMS monetization becoming increasingly importantOff portal, advertising and PSMS monetization becoming increasingly important to mobile contentSales focus on emerging markets (BRIC, South America)
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Existing Products
Sales Revenues By ProductSales Revenues By Product (AUD)
FY 2007 FY 2008 % ChangeProduct $000 Share %
$000 Share %$000 Share %Power Chat 8,588 57.9 8,450 62.6 -1.61Fast Flirting 3,445 23.2 3,394 14.4 -1.48Chat del Mundo/Chat do Mundo 791 5.3 1,573 12.5 98.86Other Products 2,009 13.6 1,465 9.8 -27.08O ti 0 0 0 90 0 6Oztion 0 0.0 90 0.6 -Total Sales Revenue 14,833 100.0 14,972 100.0 0.94
FY 2008 Sales Revenue includes only one month of OztionFY 2008 Sales Revenue includes only one month of Oztion
The acquisition of Plutolife occurred after the end of FY 2008
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Existing Products: New carrier launches in past 6 months
Wind iMode-Italy
Wind WAP-Italy
Claro- Brazil
Oi- Brazil
Turkcell - Turkey
MTS - Russia
Tigo - Colombia
Tigo - Honduras
Movistar -Ecquador
Celtel -Nigeria
Telus -Canadian French
Optimus –Portugal Claro - Chile
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Our product range has expanded over the past 6 months
New product developed and launched :Fastflirting on the webFastflirting on the web
N d t i d i J 08New products acquired in June 08: Oztion auction site
New products acquired in July 08Plutolife company: mobiflirt, mobilove, mobimodels
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New Products-launchedFast Flirting Web Members
20000
30000
40000
a g b b
0
10000
Feb 14 2008
Mar 5 2008
Mar 25 2008
Apr 14 2008
May 4 2008
May 24 2008
Jun 13 2008
Jul 3 2008
Jul 23 2008
Aug 12 2008
Fast Flirting web beta released to public on 25th Apr 2008.
Currently has 28,500 members and grows by 300 new members per day.
Interoperability with Fast Flirting mobile to be introduced late 2008
Current online marketing for product focused on Australia and UK. US to be included when product moves out of beta in January 2009.
Monetization via advertising to begin early 2009
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Monetization via advertising to begin early 2009.
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New Products-acquired
Australia’s second largest online auction site. Acquired June 2008.
Membership has grown by 70% over 80,000
100,000
Monthly Revenue (AUD)
p g y %last 12 months and continues to grow by approx. 13% per month.
Current marketing focused on classified 0
20,000
40,000
60,000
Current marketing focused on classified listings.
Oztion Motors launching late 2008
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200000
300000
400000Total Members
60,000 80,000
100,000 Items Sold per mth
0
100000
200000
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New Products-acquired
Strong mobile dating brand built in home Scandinavian market with operators such
T l T li S T l 2 V d fas Telenor, Telia Sonera, Tele2, VodafoneRapid growth and uptake of products outside of home market…USA, South America AsiaAmerica, AsiaNow has 44 branded positions on operator WAP portals
fTeam of 15Profitable, with annualised revenues of AUD3.5Million currently
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Current Products
This is an SMS based mobile speed dating game based upon the popular American dating TV shows such as The Love ConnectionTM.Mobiflirt pits up to 50 players against each other for the heartMobiflirt pits up to 50 players against each other for the heart of one lucky “single”!
Mobile dating service available in SMS, WAP, JAVA, XML and i-Mode, allowing users to enter group or private chat sessions with users who meet their search requirements
Mobimodels is a simple and fun picture rating service where members vote on who is the hottest in the picture community. It is available in WAP and MMS/SMS format
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is available in WAP and MMS/SMS format
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Our customer base grows…. B f Pl t lif i iti Pl t lif i itiBefore Plutolife acquisition Plutolife acquisition
North America Central & South America Admob Alltel AT&T
OpenMarket Rogers Sprint
Atech (Chile) Alterlatina Eirl Codetel (Dominican
Movistar (Nicaragua) Movistar (Panama) Movistar (Venezuela)
North America Central & South America Virgin Mobile USA Alltel
Movistar (Chile) through Scandinavian Service
AT&T Bell Mobility Boost Cellmania Cingular LavaLife Corp Midwest Wireless M th
SprintSuncom Telcel Mexico Telus Mobility T-Mobile US Verizon Wireless Virgin Mobile US Vi i M bil C d
Codetel (Dominican Republic) Equipos Telemo (Venezuela) 3G one (Panama) IUSACELL (Mexico) Movistar (Argentina) Movistar (Chile)
Movistar (Venezuela)OIL(Brazil) Satelnet (Ecuador) Telecommunications Movinet (Venezuela) TIM (Brazil) Verizon Wireless (Puerto Rico)
AT&T T Mobile USA Virgin Mobile Canada Telus Mobility Mythum Ericsson IPX
Mythum Nextel nTelos
Virgin Mobile Canada Wmode Western Wireless
Movistar (Chile)Movistar (Columbia) Movistar (El Salvador) Movistar (Ecuador) Movistar (Guatemala)
Rico)Verizon Wireless (Domenican Republic) Vivo (Brazil)
Africa & Middle East Europe Telenor (Norway)
Telenor (Sweden) Sonofon (Denmark) Netcom (Norway)
Africa & Middle East Europe Axiom (UAE) Exact Mobile (South Africa) Pelephone (Israel)
Base (Belgium) Bouygues (France) Eplus (Germany) Jamba (Germany) Interaktif Medya(Turkey) KPN (Netherlands)
TMN PT(Portugal) T-Mobile (Austria) T-Mobile (Croatia) T-Mobile (Germany) T-Mobile (Poland) T-Mobile (UK)
Tele2 Norge (Norway)Chess (Norway) Ventelo (Norway) Hutchison 3 (Scandinavia) Tele2 Sweden Telia (Sweden) Halebop (Sweden) KPN (Netherlands)
Kyvistar (Ukraine) Red Pyramid (Russia) O2 (Germany) O2 (UK) Orange (Poland) Orange (Spain) O ti (P t l)
T-Mobile (UK)TDC (Switzerland) TDC (France) Telefonica (Spain) Telering (Austria) TIM (Italy) Voxmobile (Luxembourg) V d f (P t l)
Tele2Tango (Sweden) DJuice (Norway) Telia (Denmark) TDC (Denmark) BITE (Lithuania) Omnitel (Lithuania) Tele2 Lithuania
Optimns (Portugal)Promonte (Poland) SFR (France) Shamrock (Russia)
Vodafon (Portugal)Wind (Italy) Wmode (Swizerland)
Asia Australia & New Zealand Hutchison CAT (Thailand) Hutchison Telecommunications (3) (Australia)
Tele2 LithuaniaSonera (Finland) DNA Finland TietoEnator (Finland) Elisa (Finland) Saunalahti (Finland)
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Hutchison CAT (Thailand)
Hutchison Telecommunications (3) (Australia)Optus Mobile (Australia) Telstra (Australia) Telecom (NZ) Vodafone (NZ)
Asia Australia & New Zealand
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J b k SJumbuck Summary d O tl kand Outlook
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Summary and Outlook
1. We now have a much wider product base
2. Drive revenue growth from new products
3. Increase revenue from off deck products
4. New product innovation
5. M&A
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Additional InfoAdditional Info
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Top 20 Shareholders
No of % of IssuedShareholder shares held Capital
1 Sieana Pty Ltd 5,385,270 10.85d ld d2 Quad Holdings Pty Ltd 4,408,334 8.88
3 National Nominees Ltd 3,349,424 6.754 Mr Adrian Paull Risch 2,495,333 5.035 Invia Custodian Pty Ltd <Black A/C> 2,364,863 4.766 CTS Group Nominees Pty LtdD 2,330,745 4.697 XS Equities Pty Ltd 2,000,000 4.038 Beconwood Superannuation Pty Ltd <WSF A/C> 1,937,642 3.909 J P Morgan Nominees Australia Ltd 1,695,589 3.4110 Repysa Holdings Inc 1,038,358 2.0911 ANZ Nominees Ltd <Cash Income A/C> 1,020,293 2.0512 Mr Kenneth William Breese & Mrs Jennifer Ruth Breese <BPD Executive Superfund A/C> 887,506 1.7913 Kennadell Pty Ltd 655,557 1.32y ,14 Mr Stan Loucas 502,510 1.0115 Jeff Kennett Pty Ltd < JGK Superfund A/C> 479,935 0.9716 Denman Investments Limited 479,165 0.9717 Mr Philip Druce <Druce Family A/C> 445,148 0.9018 Mr Kelvin Kai Yin Yip & Mrs Nanae Katono 445,148 0.9019 Lubeme Services Pty Ltd <Dwyer Super Fund A/C> 424,200 0.8519 Lubeme Services Pty Ltd Dwyer Super Fund A/C 424,200 0.8520 Cogent Nominees Pty Ltd 410,527 0.83
Top 20 holders of Ordinary Fully Paid Shares as at 5 August 2008 32,755,547 65.98Balance of shareholders 16,895,733 34.02Total shares on issue at 5 August 2008 49,651,280 100.00
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Shareholdings:Data taken as at 14 Aug 08
ASX Code: JMB
Current Share Price: $0.62 at 14th Aug 08
Number of shares on issue at 14th Aug: 49,651,280
Number of share options in issue: 2,785,002
Market Capitalisation (undiluted) : $30.8Million
Substantial Shareholders Shareholder No of securities held % held as per substantial shareholder notice Sieana Pty Ltd 5,385,270 11.21Quad Holdings Pty Ltd 4,676,221 9.74LJM Investment Group Pty Ltd 5,120,701 10.66Acorn Capital Ltd 3,752,300 7.81Adam Smith Asset Management 2,669,327 5.56Adrian Paull Risch 2,660,000 5.48
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BOARD
Kevin Campbell Non-executive Chairman
Bruce Bennie Non-executive Director
The Hon. Jeffrey Kennett Non-executive Director
Tom Kiing Non-executive Director
Adrian Risch Executive Director / CEO
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AppendicesAppendices
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Financial Detail (i)Year ended 30 June 2004 2005 2006 2007 2008(AUD '000) Year Year Year Year Year
Sales Revenue 2,929 7,059 11,246 14,833 14,972
EBITDAI 910 3 683 6 320 7 705 7 873EBITDAI 910 3,683 6,320 7,705 7,873
Less:Depreciation and Amortisation -68 -573 -840 -1,088 -1,423Impairment 0 0 0 0 -2 046 *Impairment 0 0 0 0 -2,046
EBIT 842 3,110 5,480 6,617 4,404
Interest 0 65 261 374 458
EBT 842 3,175 5,741 6,991 4,862
Tax 55 -473 -1,441 -1,995 -2,154NPAT 897 2,702 4,300 4,996 2,708, , , ,
* One off impairment in value of minority investments (non cash)
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Financial Detail (ii)
Year ended 30 June 2004 2005 2006 2007 2008(AUD '000) Year Year Year Year Year
EBITDAI M i (%) 30 5 52 2 56 2 51 9 52 6EBITDAI Margin (%) 30.5 52.2 56.2 51.9 52.6
EBIT Margin (%) 28.2 44.1 48.7 44.5 43.1 *
Profit Before Tax Margin (%) 28.2 45.0 51.0 47.1 46.1 *
NPAT Margin (%) 30.0 38.3 38.2 33.6 31.7 *
EPS (cents) 2.6 6.3 9.3 10.3 9.9 *
* Excluding one-off Impairment in Value of Investment of $2.0million
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BALANCE SHEET Jun-07 Jun-08
Financial Detail (iii)
(AUD '000) (AUD '000)
Current assetsCash 9,225 6,710Receivables 4,298 4,263Other 75 355( )Total current assets 13,598 11,328
Non-current assetsProperty, plant and equipment 723 822Other financial assets 245 1,138Intangible assets 11 004 14 386Intangible assets 11,004 14,386Deferred tax asset 145 80Total non-current assets 12,117 16,426
Total assets 25,715 27,754
Current liabilitiesPayables (854) (2,154)Current tax liabilities (1,298) 0Provisions (1,418) (180)Other (173) (374)Total current liabilities (3,743) (2,708)
Non-current liabilitiesDeferred tax liabilities (468) (848)Other 0 (24)Total non-current liabilities (468) (872)
Total liabilities (4 211) (3 580)Total liabilities (4,211) (3,580)
Net assets 21,504 24,174
EquityIssued Capital 9,354 9,034Retained earnings 12,032 14,739
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gReserves 118 401
Total equity 21,504 24,174
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CONTACT DETAILSAdrian Risch Mark DoughtyAdrian RischCEOTel: +61 3 9620 3839Fax: +61 3 9620 3840
Mark DoughtyCFOTel: +61 3 9620 3839Fax: +61 3 9620 3840a 6 3 96 0 38 0
Mobile: +61 400 787 995 Email: [email protected]
a 6 3 96 0 38 0Email: [email protected]
Kevin CampbellChairmanTel: +61 3 9620 3839Fax: +61 3 9620 3840Mobile: +61 418 277 777
C t W b it j b k
Email: [email protected]
Corporate Website: www.jumbuck.com
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Intention of this DocumentThis document is intended to be provided by Jumbuck Entertainment Ltd (JMB) to the Australian Stock Exchange (ASX) for public release in the spirit of full disclosure and in accordance with the Company’s continuous ( ) p p p ydisclosure obligations.
It is intended that this document be read in conjunction with all other announcements made to the ASX and in particular, the statements of financial performance by JMB.
I t h ld t t f i f ti i l li thi t ti t i l Thi i f JMBInvestors should not act or refrain from acting in sole reliance on this presentation material. This overview of JMB does not purport to contain all information which investors may require in order to make an informed assessment of JMB’s prospects.
The presentation may contain certain financial forecasts and other material of a forward looking nature in relation t JMB (F d L ki M t i l) S h F d L ki M t i l i b d ti d ito JMB (Forward Looking Material). Such Forward Looking Material is based on many assumptions and is subject to uncertainties and contingencies many of which are outside the control of JMB.
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