- The document is an investor presentation for a company's third quarter 2016 financial results.
- It highlights improvements in adjusted EBITDA (+1,400%), earnings per share (+33%), gross profit margin (+210 bps), and total cash (+219%) compared to the third quarter of 2015.
- The presentation includes sections on financial highlights, operating metrics, and financial statements to summarize the company's performance and financial position.
Beyond financing, your syndicate can be a boon to scaling and overcoming obstacles in your startup. Streamline keeping them in the loop by using this compact deck.
Details
~In 6 slides covers all the essential details your syndicate cares about
~Contains tips and step-by-guide to walk you through best practices (see the "Notes" area)
~PPT format for easy modification
While there are several approaches - all of which you should explore to find the best fit - this template captures our thoughts on a well put-together board deck.
Details
~20+ slides covering department updates, cash projections, roadmaps, and a whole lot more
~Contains tips and step-by-guide to walk you through best practices (see the "Notes" area in PPT)
~PPT format for easy modification
Sample Press Release on Topic Such as:
1. Product Launch 2. Merger 3. Store Launch 4. Event Cancellation
5. Winning an Award 6. Website/Contest Launch 7. Product Upgrade 8. Sales Figures 9. Job Appointment 10. Event Announcement
[DISCLAIMER: All trademarked/registered items are property of their respective owners and used here only for educational purpose. Other company, brand, person names, logos and statements/quotes are either fictitious or inspired by material available on the internet]
Department of Journalism & Mass Communication
West Bengal State University
Semester: 3 Session: 2013-2015
Reg No. 002017-2013
Paper: Persuasive Communication (Public Relation & Event Management)
#AkashCreations
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q3 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
Presentation given by CEO Jeff Weiner, and CFO Steve Sordello, at LinkedIn Q1 2014 Earnings Call. For more information, check out http://investors.linkedin.com/.
The latest PowerPoint slide deck MarkWest pushed out to investors and analysts recapping 2014 results and looking forward to 2015. MarkWest, a midstream (pipelines & processing plants) company continues its expansion in the northeast and is perhaps the biggest midstreamer in the Marcellus/Utica.
2. Safe Harbor Statement
2
This document may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements
may be identified by words such as anticipate, believe, estimate, expect, intend, predict, hope, should, plan, will or similar expressions. Any statements
contained herein that are not statements of historical fact may be deemed forward-looking statements. These statements are based on management's current
expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained
herein due to various important factors, including (but not limited to): consumer preferences, spending and debt levels; the general economic and credit
environment; interest rates; seasonal variations in consumer purchasing activities; the ability to achieve the most effective product category mixes to
maximize sales and margin objectives; competitive pressures on sales; pricing and gross sales margins; the level of cable and satellite distribution for our
programming and the associated fees or estimated cost savings from contract renegotiations; our ability to establish and maintain acceptable commercial
terms with third-party vendors and other third parties with whom we have contractual relationships, and to successfully manage key vendor relationships and
develop key partnerships and proprietary and exclusive brands; our ability to manage our operating expenses successfully and our working capital levels; our
ability to remain compliant with our credit facilities covenants; customer acceptance of our branding strategy and our repositioning as a digital commerce
company; the market demand for television station sales; changes to our management and information systems infrastructure; challenges to our data and
information security; changes in governmental or regulatory requirements; including without limitation, regulations of the Federal Communications
Commission, and adverse outcomes from regulatory proceedings; litigation or governmental proceedings affecting our operations; significant public events
that are difficult to predict, or other significant television-covering events causing an interruption of television coverage or that directly compete with the
viewership of our programming; our ability to obtain and retain key executives and employees; our ability to attract new customers and retain existing
customers; changes in shipping costs; our ability to offer new or innovative products and customer acceptance of the same; changes in customers viewing
habits of television programming; and the risks identified under “Risk Factors” in our recently filed Form 10-K and any additional risk factors identified in our
periodic reports since the date of such Form 10-K. More detailed information about those factors is set forth in our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are cautioned not to place
undue reliance on forward-looking statements, which speak only as of the date of this announcement. We are under no obligation (and expressly disclaim
any such obligation) to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.
Adjusted EBITDA
EBITDA represents net income (loss) for the respective periods excluding depreciation and amortization expense, interest income (expense) and income
taxes. We define Adjusted EBITDA as EBITDA excluding non-operating gains (losses); activist shareholder response costs; executive and management
transition costs; distribution center consolidation and technology upgrade costs; Shareholder Rights Plan costs and non-cash share-based compensation
expense. We have included the term “Adjusted EBITDA” in our EBITDA reconciliation in order to adequately assess the operating performance of our
television and online businesses and in order to maintain comparability to our analyst's coverage and financial guidance, when given. Management believes
that the term Adjusted EBITDA allows investors to make a more meaningful comparison between our business operating results over different periods of time
with those of other similar companies. In addition, management uses Adjusted EBITDA as a metric to evaluate operating performance under our
management and executive incentive compensation programs. Adjusted EBITDA should not be construed as an alternative to operating income (loss), net
income (loss) or to cash flows from operating activities as determined in accordance with generally accepted accounting principles and should not be
construed as a measure of liquidity. Adjusted EBITDA may not be comparable to similarly entitled measures reported by other companies. We have included
a reconciliation of Adjusted EBITDA to net income (loss), the most directly comparable GAAP financial measure, on Slide 12 of this presentation.
Data in this presentation may be unaudited.
Percentage changes represent Q3 2016 as compared to Q3 2015.
3. 3
+1,400%
Improvement in
Adjusted
EBITDA Improvement
in Earnings
per Share
+33%
Strengthening Profitability and Balance Sheet
Percentage changes represent Q3 2016 as compared to Q3 2015.
Gross Profit
Margin
+210bps
Increase in
Total Cash
+219%
5. 5
Increase in
Purchase
Frequency
5%
Online Net
Sales %
Percentage changes represent Q3 2016 as compared to Q3 2015.
4.3 4.3
4.1
4.3
4.5 4.5
4.1
4.3
2
3
4
5
F14
Q4
F15
Q4
F15
Q1
F16
Q1
F15
Q2
F16
Q2
F15
Q3
F16
Q3
Average Purchase Frequency
46.1%
49.7%
45.2%
48.8%
45.9%
47.9%
46.0%
49.0%
40%
45%
50%
F14
Q4
F15
Q4
F15
Q1
F16
Q1
F15
Q2
F16
Q2
F15
Q3
F16
Q3
Online Net Sales % of Total Net Sales
49%
Building a Seamless Digital Experience
Mobile as a %
of Online Net
Sales
46%
6. Investors are advised to review carefully the risk factors contained in our most recently filed
annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.
Appendices
6
18. 18
Cash Flow
(In thousands) Year Ending Year Ending Year Ending Year Ending Year-to-Date
February 2 February 1 January 31, January 30, October 29,
2013 2014 2015 2016 2016
OPERATING ACTIVITIES:
Net loss (27,676)$ (2,515)$ (1,378)$ (12,284)$ (10,792)$
Adjustments to reconcile net loss to net cash
provided by (used for) operating activities-
Depreciation and amortization 13,424 12,585 8,872 10,327 9,204
Share-based payment compensation 3,257 3,217 3,860 2,275 1,432
Asset impairments and write-offs 11,111 - - - -
Amortization of deferred revenue (87) (85) (86) (85) (64)
Amortization of debt discount & deferred financing costs 249 178 231 271 410
Write-off of deferred financing costs 2,306 - - - -
Debt extinguishment 500 - - - -
Deferred Income Taxes - 1,158 788 788 592
Gain on sale of property and investments or assets (102) - - - -
Changes in operating assets and liabilities:
Accounts receivable, net (18,086) (9,026) (4,889) (2,674) 25,361
Inventories, net 6,321 (14,007) (10,294) (4,384) (15,347)
Prepaid expenses and other (2,066) 649 815 (565) 645
Accounts payable and accrued liabilities 2,367 21,799 766 (3,080) 826
Net cash provided by (used for) operating activities (8,482) 13,953 (1,315) (9,411) 12,267
INVESTING ACTIVITIES:
Property and equipment additions, net or proceeds from sale of (6,157) (8,247) (25,119) (22,014) (7,313)
Purchase of NBC trademark license (4,000) (2,830) - - -
Purchase of EVINE trademark - - (59) - -
Proceeds from sale of investments or assets 102 - - - -
Change in restricted cash - - - 1,650 -
Net cash used for investing activities (10,055) (11,077) (25,178) (20,364) (7,313)
FINANCING ACTIVITIES:
1 Payments for deferred financing costs (552) (390) (307) (537) (1,432)
Payments for common stock issuance costs - - - - (585)
2 Payments on capital lease - (13) (50) (52) (39)
3 Proceeds from issuance of revolving loans 38,215 - 2,700 19,200 -
4 Proceeds from issuance of term loans - - 12,152 2,849 17,000
5 Payments on term loans (25,715) - (145) (2,076) (2,102)
6 Proceeds from exercise of stock options, net 109 227 2,794 2,460 (13)
7 Proceeds from issuance of common stock - - - - 10,000
Net cash provided by (used for) financing activities 12,057 (176) 17,144 21,844 22,829
Net increase (decrease) in cash (6,480) 2,700 (9,349) (7,931) 27,783
BEGINNING CASH 32,957 26,477 29,177 19,828 11,897
ENDING CASH 26,477 29,177 19,828 11,897 39,680
19. 19
Key Operating Metrics
F12 FY* F13 FY F14 FY F15 Q1 F15 Q2 F15 Q3 F15 Q4 F15 FY F16 Q1 F16 Q2 F16 Q3
Net Shipped Units (000s) 5,620 7,152 9,055 2,230 2,434 2,282 2,907 9,853 2,417 2,461 2,253
Average Selling Price 96$ 81$ 67$ 65$ 60$ 65$ 66$ 64$ 62$ 57$ 60$
Return Rate % 22.1% 22.3% 21.5% 20.3% 21.4% 18.9% 18.9% 19.8% 19.2% 19.8% 20.5%
Internet Sales % 45.7% 45.2% 44.6% 45.2% 45.9% 46.0% 49.7% 46.9% 48.8% 47.9% 49.0%
Transaction Costs per Unit 2.60$ 2.48$ 2.52$ 2.78$ 2.92$ 3.00$ 2.69$ 2.84$ 2.82$ 2.63$ 3.25$
Total Variable Costs % of Net Sales 7.3% 8.0% 8.7% 9.7% 9.5% 9.1% 8.7% 9.2% 10.0% 9.6% 10.6%
Mobile % of Internet Sales 16.9% 25.2% 33.5% 39.6% 42.4% 41.8% 44.5% 42.3% 45.6% 45.2% 45.9%
Interactive Voice Response % 27% 25% 29% 30% 29% 26% 24% 27% 26% 25% 24%
Total Customers (000s)** 1,132 1,357 1,446 592 593 610 749 1,436 619 611 588
Average Purchase Frequency - Items 5.4 5.8 7.0 4.1 4.5 4.1 4.3 7.5 4.3 4.5 4.3
% of Net Sales by Category:
Jewelry & Watches 52% 43% 42% 45% 42% 36% 35% 39% 43% 41% 42%
Home & Consumer Electronics 27% 35% 30% 26% 22% 33% 39% 31% 24% 21% 25%
Beauty 13% 11% 12% 13% 15% 13% 13% 14% 15% 16% 14%
Fashion & Accessories 8% 11% 16% 16% 21% 18% 13% 16% 18% 22% 19%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
*Includes 53rd week
**Customers can be active within one to four quarters per year and therefore quarterly active customer counts are not additive.
***Certain fiscal 2013, 2014 & 2015 product category percentages in the above table have been reclassified to conform to our fiscal 2016 product group hierarchy.