Page 9 - ASIA CEO 2020 - SmartDub

• Financial Contribution

SPi Global, at a consolidated level for CY 2019, generated an EBITDA of $37.4M, which is $9.1M

higher in comparison to the previous year.

The 32% growth in EBITDA is primarily attributable to the automation and technology led productivity

improvements achieved. The EBITDA growth significantly overshot the revenue growth due to cost
efficiencies from technology led initiatives, process efficiency, cost rationalization as well as improve-
ment in profitability with certain key clients.

The technology improvements were a result of concerted work by our Technology Solutions group in
developing tools and solutions in significantly improving our cost of delivery. Another derivative of
the technology team’s efforts are technology solutions offerings to our publisher and non-publisher

clients, which has been very well received by the market.

Our 350 people strong technology group is making a difference not only to the cost of production but

also faster turnaround time, helping us with improved cash flow as well as our clients’ revenue by fast
tracking their time to market.

SPi Global Consolidated Operating Results for CY 2019

Consolidated Financial Performance
Amounts in
US$ millions CY 2019 CY 2018 ‘19 vs ’18 %
Revenue 17.4 166.2 5.2 3%

EBITDA 37.4 28.2 9.1 32%

Asia CEO A war ds 20 20 • En tr y for T echnology Company of the Y
Asia CEO Awards 2020 • Entry for Technology Company of the Yearear