Highlights

Our Financial Highlights1

  • Revenues increased by 10% from £162.9m to £178.8m

  • Adjusted EBITDA² of £48.4m

  • Operating loss of £54.5m after goodwill impairment of £70.0m

  • Final dividend of 2.2p per ordinary share

  • Total dividend for the year of 3.5p per ordinary share

  • Operating cash conversion of 85%

  • Cash balances of £73.5m at 31 December 2008

  • Visitors 2008
  • 120.1m up 32%
  • 2007
  • 91.0m
  • Revenue 2008
  • £178.8m up 10%
  • 2007
  • £162.9m

Our Operational Highlights

  • Visitors3 to the Group's website increased by 32% to 120.1m
  • Transactions on the Group's website increased by 23% to 71.4m
  • Online brand recognition increased to 80% in September 2008 from 73% in November 2007
  • Continued diversification across the Group as the Insurance, Travel and Home Services verticals continue to grow

1.The financial highlights relate to the Adjusted Income Statement covering the years ended 31 December 2008 and 31 December 2007 assuming a debt free acquisition of Moneysupermarket.com Financial Group Limited by Moneysupermarket.com Group PLC on 1 January 2006, from which date intangible amortisation commenced, and a share option charge which reflects the average charge over the vesting period of currently unexercised options. Further information on the Adjusted Income Statement is set out in the Financial and Business Review.

2. Adjusted EBITDA is calculated by the Directors by making certain adjustments to the historical compensation levels of the Directors and senior managers, and share based bonus awards to employees on the listing of Moneysupermarket.com Group PLC. These adjustments reflect the Directors' and senior managers' profit share, discretionary bonus and related employer's national insurance contributions. They also include charges relating to the issue of free shares to each eligible employee to the value of £3,000, charges relating to the conditional share award made to Gerald Corbett on listing and charges related to share-based compensation relating to options issued prior to listing. Following listing, these elements of compensation no longer apply at these levels. Charges relating to the impairment of goodwill in 2008 have also been added back to calculate adjusted EBITDA.

3. As noted in the prospectus issued in connection with the listing of Moneysupermarket.com Group PLC on 31 July 2007, the Group's visitor numbers during the period between January and May 2007 were understated due to certain visitors not being assigned a unique global user ID. The issue was resolved in May 2007 and has not impacted visitor numbers in the Insurance vertical after May 2007. The Group has not been able to quantify the exact extent of the understatement.

The Group recorded a substantial increase in its reported visitors from 27 April 2008 to the end of June 2008 following a release made in respect of the anti-virus software AVG. In assessing whether a webpage was safe it 'followed' every link or url displayed on an email or webpage to the destination website. This meant that many web based businesses including the Group recorded visitors from users of the AVG software who themselves did not technically visit the website. The 2008 visitor count has been adjusted for the estimated impact of this. AVG released a further update to its anti-virus software in early July 2008.

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