Perform Group  8.5% 15 Nov 2020

Business Description

Perform Group is a global market leader in the commercialization of multimedia sports content across multiple Internet-enabled digital platforms.

The company uses proprietary content collection, production and distribution capabilities, alongside industry leading digital products, to generate revenue through a mix of licensing content, media (display- and video-based advertising and sponsorship), and, to a lesser extent, subscription and technology and production service fees.

Customers include online bookmakers, broadcasters and mobile operators.

Businesses include

  • Goal.com—a digital football platform with 37 local editions in 18 languages, which, we believe, is the leading global football website (based on unique monthly viewers);
  • Mackolik—a Turkish digital sports business that owns Mackolik.com, a leading football portal in Turkey (based on unique monthly viewers), and Sahadan.com;
  • Soccerway.com—a football portal focused on live scores and statistics;
  • Voetbalzone—a leading football portal in the Netherlands (based on unique monthly viewers);
  • MatchenDirect—a leading football portal in France (based on unique monthly viewers) that is focused on live scores and statistics.
  • Sporting News—an iconic sports media brand in the United States;
  • Sportal.com.au—a sports portal in Australia and New Zealand;
  • Spox and Sportal.de—among the leading multi-sport portals in Germany (based on unique monthly viewers).

Bond Information

Coupon

8.5%

Maturity Date

15 Nov 2020

Repaid On

24 Jul 2019

Interest Period

6 months

ISIN

XS1318524367

Asset Security

First Ranking

Amount

£175,000,000

Ratings

S&P:  CCC+, Moody's:  B3

Call Schedule

15 Nov 2017 at 104.25
15 Nov 2018 at 102.125
15 Nov 2019 at 100

Status

Repaid

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry

Entertainment, Media & Broadcasting

Country of Origin

UK

Year of Incorporation

2007

Ownership Status

Private

Capital Structure

Senior Debt 63%

Equity 37%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public Company Information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on the book value of Equity from the Q12019 Quarterly Report.

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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