Ocean Outdoor Limited (OOUT) 2019年年度报告「LSE」.pdf

1、 Ocean Outdoor Limited Annual Report and Consolidated Financial Statements Year ended 31 December 2019 Contents Key Highlights 1 Co-Chairmens statement 2 Report of the Directors 4 Corporate Governance 13 Independent Auditors report to the members of Ocean Outdoor Limited 16 Consolidated statement of

2、 profit and loss and other comprehensive income 23 Consolidated statement of financial position 25 Consolidated statement of changes in equity 26 Consolidated statement of cash flows 27 Notes to financial statements 28 Appendix 71Ocean Outdoor Limited 1 Key Highlights The following headline financia

3、l information is on both the audited figures and unaudited proforma1 figures for Ocean Outdoor Limited and its subsidiaries(Ocean,the Group or the Company),with comparisons between FY19 and FY18.Financial reported highlights Billings2 recognised by the Group in FY19 were 135.1m(FY18:70.3m)Revenue ge

4、nerated by the business in the year totalled 104.0m(FY18:49.8m)Group gross profit was 44.9m(FY18:20.4m)Reported Adjusted EBITDA3 was 52.7m(FY18:16.9m)Cash on balance sheet of 26.9m(FY18:160.5m),with no external borrowings Net assets balance of 369.2m(FY18:387.6m)Cash generated from operations totall

5、ing 46.8m(FY18:12.8)Financial unaudited proforma1 highlights Billings2 increased 14%year on year to 173.4m(FY18:152.7m)Revenue rose 14%to 141.3m(FY18:124.5m)Gross profit increased by 9%to 57.4m(FY18:52.6m),with a gross profit margin of 40.6%(FY18:42.2%)Adjusted EBITDA3 up 9%to 33.2m(FY18:30.4m),with

6、 an adjusted EBITDA margin of 23.5%(FY18:24.4%)Operational highlights Completed five acquisitions:Ngage Media B.V (Ngage)and Ocean Outdoor Nederland B.V (Formerly called Interbest B.V,Interbest)for a combined initial cash consideration of 44m DKTD Media B.V(Beyond Outdoor),adding another 8 screen lo