Presentation on theme: "1 Q1 2002 Results Presentation, 13 May 2002 London Stock Exchange: EBR Nasdaq: EBKR (ADR) Neuer Markt: eb6 (ADR) FINAL UK GAAP 13/05/2002 09:04."— Presentation transcript:
1 Q Results Presentation, 13 May 2002 London Stock Exchange: EBR Nasdaq: EBKR (ADR) Neuer Markt: eb6 (ADR) FINAL UK GAAP 13/05/ :04
2 Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. Potential risks and uncertainties include, without limitation, the companys ability to manage and integrate the operations of its subsidiaries across Europe, to significantly increase online revenues and sales volumes, to maintain and develop relationships with travel suppliers, strategic partners, computer reservation systems and providers of negotiated fares, to compete with airlines and other online companies in the sale of discounted fares, to respond to potential adverse changes in the companys gross mark up or commission rates, to comply with new and existing regulations affecting electronic commerce and travel sales in the jurisdictions in which the company does business, to respond to unforeseen events affecting the travel industry, to attract and retain customers, to develop customer recognition of the companys brand, and to protect the companys intellectual property rights in the companys brand, name, and information systems. These and other risk factors are described in detail in the companys listing particulars dated 17 April 2001, as supplemented by the company's supplementary listing particulars dated 20 April 2001, and the company's Annual Report on Form 20-F for the year ended 31 December 2000 that was filed with the US Securities and Exchange Commission on 27 April Disclaimer
3 Q Financial Results Financial review
4 Strong sales rise signals recovery from September 11 £m Gross sales = the total transaction value of all products sold. Also includes GDS segment income and advertising revenue.
5 Record gross profit £m
6 Cash on balance sheet increases for first time £m Net cash on balance sheet
12 Summary information (UK GAAP) LSE Price (9/5/02)£1.53 Shares outstanding46,833,515 Free float19,955,344 (42.6%) Market Capitalization£71.7m Cash on balance sheet£22.5m FY Ends Dec Gross sales£15.4m£102.2m£179.8m Av shares outstanding 26.96m37.102m46.336m Market Cap / Gross sales 4.7 x0.7 x0.4 x First fundraising round - IPO November raised $61m Second fundraising round- July raised $45m * Gross booking value (Gross sales) = the total ticket values as paid by the customers Revenue = the mark up on merchant sales, and the commission on published sales London Stock Exchange (EBR) Ordinary shares traded Nasdaq (EBKR)ADRs traded (1 ADR = 2 ordinary shares) Neuer Markt, Frankfurt (eb6) ADRs traded. Delisting applied for.
13 Recent Developments - India back office operations launch New 20,000 sq ft operation situated in Delhi. Opening Ceremony April staff already Cost savings on future growth vs servicing same growth in Europe
14 ebookers attracts top portals Yahoo! UK and Ireland – went live April AOL – Germany and UK – contract renewed Major European portal. To go live soon in Holland
15 Press ad Radio advertising Poster newsletters Portals Cost efficient market mix Marketing spend per booking falls dramatically GBP
16 Summary Europe – a great market Full recovery from September 11 High growth