Annual financial statement
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18 February 2021 Moneysupermarket.com Group PLC preliminary results for the year ended 31 December 2020 Strategy evolves ; focus on delivery Year ended 31 December 2020 Group revenue £ 344.9m 2019 £ 388.4m Growth % ( 11 ) Adjusted EBITDA * £ 107.8m £ 141.5m ( 24 ) Profit after tax £ 69.3m £ 94.9m ( 27 ) Adjusted basic EPS * 13.1p 18.2p ( 28 ) Basic EPS 12.9p 17.7p ( 27 ) Operating cashflow £ 83.9m £ 113.7m ( 26 ) Net cash / ( debt ) £ 23.6m £ 24.2m ( 2 ) Dividend per share 11.71p 11.71p 2020 performance reflects exceptional market conditions • • • • Revenue down 11 % due to exceptional COVID - 19 related market conditions . Excluding travel channels ( TravelSupermarket and travel insurance ) , revenue fell 4 % Adjusted EBITDA fell 24 % as a result of lower revenue and a lower gross margin rate , primarily due to poorer conversion in Money Strong cash conversion : £ 83.9m operating cashflow with net cash £ 23.6m at 31 December 2020 Full year dividend maintained at 11.71p , reflecting our confidence in our longer - term growth prospects and continued robust cash generation Peter Duffy , CEO of Moneysupermarket Group , commented : " We have again helped millions of UK households save on their bills , while providing indispensable financial advice throughout the COVID - 19 pandemic . " The business is resilient , and our dividend reflects our confidence for the future . " Our job now is to encourage consumers to engage with us more and save on more of their bills . We will use our data better so consumers find our sites easier to use and are reminded when there are savings available to them . ” An updated , evolved strategy We are evolving our strategy , with emphasis on attracting users more efficiently ; on providing an easier and more engaging experience for users so they return more frequently and switch more products ; and on broadening our offer either organically or through M & A . Stronger execution against this strategy is needed to deliver the full potential of the Group . We have begun to make changes to drive greater accountability and faster decision - making . Improving our data infrastructure and capabilities will also drive long - term advantage , and we are making good , early progress in this area . * Notes : Adjusted EBITDA is operating profit before depreciation , amortisation and impairment and adjusted for other non - underlying costs as detailed on page 10. This is consistent with how business performance is measured internally . Adjusted basic earnings per ordinary share is profit before tax adjusted for acquisition related intangible assets and other non - underlying costs as described on page 10 , divided by the number of weighted average shares . A tax rate of 19 % ( 2019 : 19 % ) has been applied to calculate adjusted EPS . Net cash / ( debt ) is cash and cash equivalents less borrowings and does not include deferred consideration or lease liabilities . 1