Ingenta Plc

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Ingenta Plc

Technology services for the publishing
information industries
Preliminary Results Period ended 31st December
2004
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• IMPORTANT NOTICE
•  
•  
• This presentation has been prepared by Ingenta
  plc (the "Company"). It does not constitute a
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Ingenta plc
Results highlights

• Sales in the 15 month period of 8.8m (2003
  8.5m)
• Sales achieved in adjacent markets
• New products and services launched
• Annual overheads reduced by 19 on a pro rata
  basis
• Preexceptional loss reduced by 17 on pro
  rata
• annualised basis
• Current trading showing further improvements

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Publishers of High Value Information
Information Professionals
IngentaConnect
Journals Reports Reference works Professional
information Business and financial
data Newsletters Monographs
Academic and Professional Researchers
Information Commerce and Publication Websites

• Libraries
• Academic
• Corporate
• Government
• Special

PCG Marketing Services
- -
Content
Service
Subscription fees
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Target market
Target market
Publishers of High Value Information
Information Professionals
IngentaConnect c.300 publishers 12m visitors per
month 18,000 registered institutions
200,000 publishers 850,000 subscription titles
40,000 institutions
ICS and Publication Websites ICS software
launched 5000 publications involved Technical
excellence - OSO Design and MathML
90m users
PCG Marketing Services 40 publishers 8 languages
Dedicated in house staff New services
- -
Content
Service
Subscription fees
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IngentaConnect

• 59 of turnover
• Total number of publishers 10
• Registered institutions
• Quantity 20
• Breadth increase in non academic
• New service launched late 2004
• Traffic growth 4m to 12m users per month
• Collaboration with Google

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ICS and websites

• 28 of turnover
• ICS software product and ASP
• Install, implement and maintain
• Launch customer IOP Publishing
• Publication websites
• Custom built using Ingenta technology
• Design, build and maintain
• Over 5000 publications

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PCG

• 13 of turnover
• 40 publishers including 8 new
• 15 staff with 8 languages - visited 20 countries
• New services launched
• Extended telemarketing
• Global trend reports

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Ingenta Plc

Technology services for the publishing
information industries
Preliminary Results Period ended 31st December
2004
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Financial Highlights
15 months 31/12/04M
Year 30/09/03M
Commentary
2004 0.5m higher at constant exchange
rates Annualised reduction of 1.7m 17 pro rata
reduction
Sales Gross Profit Gross Margin Operating
costs (excluding exceptional items) Operating
loss (before exceptional items)
8.8 8.5 6.5 6.5 74
76 (9.4) (9.3) (2.9)
(2.8)
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Financial Highlights

• Exceptional items 0.7m reorganisation, aborted
  acquisition, onerous leases.
• Tax credit 0.4m
• Staff Reduction c. 10
• Improving trend during the period

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Balance Sheet
As at 30/09/03M
As at 31/12/04M
Fixed Assets Current assets Creditors
accruals Deferred revenue and customer deposit
accounts Provisions Net assets/(liabilities)
0.6 1.3 3.5 2.4 (1.9)
(2.9) (2.9) (3.4)
(0.5) (0.5)
(1.2) (3.1)
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Cash Flow
Year 30/09/03 M
Period 31/12/04 M
Opening Cash balance Utilised in
operations Absorbed in working capital Tax
received Capital expenditure Share issue net
proceeds Repayments under finance
leases Closing cash balance
0.3 1.3 (2.9) (2.1) (1.0) (1.9)
0.3 0.5 (0.1) (0.1) 5.0 2.3
(0.1) (0.3) 0.9 (0.3)
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Full year benefit of ongoing cost reduction

• Staff costs are 75 of total overheads
• Current reorganisation will reduce headcount to
  below 100

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Outlook

• Further operating cost reductions
• Enhanced products and services
• Ongoing sales successes
• Current trading improving
• Foundations for profitability

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• 23-33 Hythe Bridge Street, Oxford, OX1 2ET, UK
• T 44 (0) 1865 799000 F 44 (0) 1865 799111

111R Chestnut Street, Providence, RI 02903,
USA T 1 401 331 2014 F 1 401 331 2015