ir2005

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Slide1: 

2005 Interim Results 6 Months to 30 June September 2005

HEADLINES: 

HEADLINES Revenues up 7.1% to £31.9m (2004: £29.8). Organic growth continues into 11th year Headline operating margin up 0.5pts to 12.8% (2004: 12.3%) Headline operating profit up 11.4% to £4.1m (2004: £3.7m) European investment impacted profit by £522k and margin by 1.6pts Pre tax profit up 1.7% to £4.1m (2004: £4.0m) headline PBT up 14.7% to £4.6m International expansion going well France andamp; Bangkok - open Second European office open by end of year

PROFIT & LOSS: 

PROFIT andamp; LOSS Excluding Europe

PROFIT & LOSS: 

PROFIT andamp; LOSS Reported (excluding amortisation)

KEY RATIOS: 

KEY RATIOS

OTHER FINANCIAL ITEMS: 

OTHER FINANCIAL ITEMS Minority Interest up as percent of profit to 12.1% (2004: 8.9%) impact of European investment 1.5pts high growth from Walker Media, Immediate Sales and Talk PR in the UK Tax rate

THE UK: 

THE UK Revenues up 7.9% to £19m (2004: £17.6m) Strong new business across all sectors and one off campaigns Underlying operating margin up 0.5pts to 17.1% (2004: 16.6%) Underlying operating profit up 10.6% to £3.2m (2004: £2.9m) New clients won in 1st half included Advertising: Ribena (GSK), ITV, Cadbury Muller Direct Marketing (LIDA): Mini, NatWest Mortgages Sponsorship: Carlsberg, Reebok Media (Walker Media) Isolagen, Appletiser and more recently Weetabix PR (Talk): Ingenue, Perrier Jouet, Ovaltine Digital (Play) has won assignments from ITV, Privilege, The Link and Tourism Australia

ASIA PACIFIC: 

ASIA PACIFIC Revenue up 4.6% to £11.5m (2004: £10.9m) Operating margin up 4.2pts to 10.5% (2004: 6.3%) Operating profit up 73.7% to £1.2m (2004: £700k) Cost base improving more consistant revenue phasing in 2005 New clients won in 1st half included Spirit of Tasmania - Tourism Australia ebay - Microsoft Vogue - Malaysia F1 Wyeth Regional expansion continues Thailand office - open Advanced negotiating with partners in Indonesia and India

AMERICA: 

AMERICA Revenue up 18.6% to £1.4m (2004: £1.1m) San Diego Zoo - won late 2004 Beverly Hills conference centre - won late 2004 Ghirdardelli Travelex Underlying operating profits up to £50k (2004: £37k) Management restructuring charges of £98k taken into 1st half (£125k in second half)

EUROPE: 

EUROPE Paris office officially opened on 1st September Already pitching major accounts Management team of Gilles Masson, Antoine Barthuel and Daniel Fohr joined from Leo Burnett in Paris Schedule to open second office by end of year either Spain or Germany Third office open 1st half 2006

BA REVIEW: 

BA REVIEW Presented 9th September Announcement due mid October New contract in place by mid November

OUTLOOK: 

OUTLOOK We continue to progress on steady organic growth International expansion Improving underlying margins European development costs have impacted the 1st half. The 2nd half will be impacted by ongoing development costs and by operation costs in France BA review could have an impact on second half and beyond We are however encouraged by 1st half year performance Good new business performance in 1st half with future contributions from wins not impacting 1st half Tourism Australia (offset by loss of New Zealand Tourism) Weetabix (Media)

APPENDIX: 

APPENDIX

THE UK: 

THE UK

ASIA PACIFIC: 

ASIA PACIFIC

AMERICA: 

AMERICA

EUROPE: 

EUROPE

HOLDING COMPANY RECLASSIFICATION: 

HOLDING COMPANY RECLASSIFICATION

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