Future plc (FUTR) 2018年年度报告「LSE」.pdf

1、Annual Report and Accounts 2018 Future plcAnnual Report 20181Future plcStrategic report1 Contents2 Group overview3 Chairmans statement 5 Future Playbook(1)Our purpose(2)Our strategy(3)How we behave(4)What we do 14 Loyal communities our verticals25 Chief Executives review28 Risks and uncertainties31

2、Corporate responsibilityFinancial review 35 Financial review Corporate governance40 Board of Directors 41 Directors report 47 Corporate governance report 51 Directors remuneration report65 Independent auditors report Financial statements71 Financial statements 107 Notice of Annual General Meeting 11

3、2 Investor information ContentsBaroness singer&guitarist John Baizley at the 2018 Golden Gods Awards.2Annual Report and Accounts 2018Strategic reportCorporate KPIsRevenue124.6m(2017:84.4m)Adjusted EBITDA120.7m(2017:11.0m)Adjusted operating profit18.5m(2017:8.9m)Adjusted EBITDA margin17%(2017:13%)Adj

4、usted free cashflow217.4m(2017:15.3m)Leverage30.86x(2017:0.91x)Adjusted EPS426.2p(2017:19.7p)Media division KPIsOnline users 142.4m(2017:49.0m)Event attendees 155k(2017:76k)eCommerce transactions 3.2m(2017:2.0m)Total circulation 1.3m(2017:1.0m)Magazines division KPIsSubscribers 935k(2017:461k)Notes

5、1.Adjusted EBITDA represents earnings before share-based payments and associated social security costs,interest,tax,depreciation,amortisation,impairment of intangible assets,non-trading foreign exchange gains and exceptional items.2.Adjusted free cash flow is defined as adjusted operating cash inflo

6、w less capital expenditure.Adjusted operating cash inflow represents operating cash inflow adjusted to exclude cashflows relating to exceptional items.3.Total net debt divided by EBITDA.4.As per note 1 above and restated for rights issue.5.Includes online users,event attendees,magazine copy sales,su