Mingl Community - Presentation & Business Plan
Mingl Community - Presentation & Business Plan
Mingl Community - Presentation & Business Plan
WorldWide Ltd.
Declaration of Responsibility
• Statements
• Business
• The Opportunity
• Figures and Facts
• Organization
• Market Plan
• Financials
• Valuation
• Funding
• Exit
• Case Study
• Important Information
STATEMENTS
Mission Statement
World Wide
The
Neather-
UK Germany France Spain Italy Turkey
lands
New Singapore
Canada Hawaii Hong Kong
Zealand
Members of the Board
LARS JOHAN MYRTROEN
30 years experience in international finance and fund raising
Has held several directorships in High Tech companies, most
notably in BirdStep Norway ASA during the period of listing on
Oslo Stock Exchange.
OZAN ØZERK
CEO of Norsk Ideutvikling AS and Emineus Ltd. Has more than
10 years of experience from founding companies, latest
projects being Biip.no, Chatter.no, NordicFace.com. Have
background from Faculty of Medicine, University of Oslo.
Chart
Board of Directors
Community WorldWide Ltd
Company Secretary
CEO
Name
Secretary
Ireland
Name II Support I
Germany
Austria
Switzerland
Spain
France
Thue Neatherlands
Italy
MARKET PLAN
Time Schedule 2007
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Project Start
Funding
Recruitment
Start UK
Start
Germany
Roll Out 2008
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
UK
Germany
Spain
France
Italy
Netherlands
Ireland
Austria
Ownership
By end of Q4 2007:
Accumulated sales revenue: £640.000
Communities: 2
By end of Q4 2008:
Accumulated sales revenue: £14.600.000
Communities: 13
By end of Q4 2009:
Accumulated sales revenue: £44.100.000
Communities: 23
FINANCIALS
Start Up Cost UK 2007
All figures in GB£
Total Project Cost - UK Set Up 2007 20 491 181 2 493 849 1 727 627
Funds left for next setups 10 697 319 1 301 901 772 373
Revenue
All figures in GB£
COUNTRY 2007 2008 2009 2010 2011 2012 2013 2014 2015
England 439.618 2.790.111 4.336.630 5.897.816 5.897.816 5.897.816 5.897.816 5.897.816 5.897.816
Germany 201.492 3.836.403 5.962.866 8.109.497 8.109.497 8.109.497 8.109.497 8.109.497 8.109.497
Ireland 0 107.462 186.007 289.109 393.188 393.188 393.188 393.188 393.188
Austria 0 179.144 378.990 589.059 801.120 801.120 801.120 801.120 801.120
Spain 0 873.375 2.078.633 3.230.789 4.393.873 4.393.873 4.393.873 4.393.873 4.393.873
USA 0 5.161.363 14.038.908 21.820.474 29.675.845 29.675.845 29.675.845 29.675.845 29.675.845
Switzerland 0 108.439 344.114 534.851 727.397 727.397 727.397 727.397 727.397
Argentina 0 461.599 1.757.770 2.732.077 3.715.624 3.715.624 3.715.624 3.715.624 3.715.624
France 0 600.812 2.859.864 4.445.045 6.045.262 6.045.262 6.045.262 6.045.262 6.045.262
Canada 0 240.325 1.525.261 2.797.415 3.224.140 3.224.140 1.612.070 3.224.140 3.224.140
Chile 0 79.620 2.127.753 1.178.118 1.602.240 1.602.240 1.602.240 1.602.240 1.602.240
Italy 0 143.853 2.738.959 4.257.125 5.789.690 5.789.690 5.789.690 5.789.690 5.789.690
Belgium 0 0 304.802 483.619 751.682 1.022.288 1.022.288 1.022.288 1.022.288
The Netherlands 0 0 437.909 757.980 1.178.118 1.602.240 1.602.240 1.602.240 1.602.240
Mexico 0 0 2.561.998 943.988 7.581.874 10.311.349 10.311.349 10.311.349 10.311.349
Australia 0 0 446.213 943.988 1.467.226 1.995.428 1.995.428 1.995.428 1.995.428
Turkey 0 0 1.418.502 3.376.034 5.247.322 7.136.358 7.136.358 7.136.358 7.136.358
Hong Kong 0 0 85.481 325.513 505.940 688.079 688.079 688.079 688.079
Singapore 0 0 47.870 227.859 354.158 481.655 481.655 481.655 481.655
New Zealand 0 0 30.041 325.513 505.940 688.079 688.079 688.079 688.079
Portugal 0 0 51.777 227.859 354.158 481.655 481.655 481.655 481.655
Brazil 0 0 454.516 8.653.994 13.450.779 18.293.060 18.293.060 18.293.060 18.293.060
South Africa 0 0 0 1.389.194 2.204.188 3.425.937 4.659.275 4.659.275 4.659.275
Income per year 641.110 14.582.506 44.174.861 73.536.916 103.977.078 116.501.819 116.123.086 117.735.156 117.735.156
Expenditure
All figures in GB£
ITEM 2007 2008 2009 2010 2011 2012 2013 2014 2015
Salaries
Salaries HQ 182.500 327.540 337.366 350.861 361.387 375.842 387.117 390.039 418.706
Salaries Daughters 248.250 1.365.906 2.748.452 3.300.922 3.389.801 3.524.463 3.623.711 3.953.856 4.056.710
Group Salaries 430.750 1.693.446 3.085.819 3.651.783 3.751.188 3.900.305 4.010.828 4.343.896 4.475.416
Office
Office Cost HQ 29.400 50.400 50.400 50.400 50.400 50.400 50.400 54.000 54.000
Office Cost Daughters 16.900 133.950 245.000 291.850 294.600 294.600 294.600 281.400 281.400
Group Office Cost 46.300 184.350 295.400 342.250 345.000 345.000 345.000 335.400 335.400
Telecom
Teleecom HQ 18.750 30.000 30.000 30.000 30.000 30.000 30.000 30.000 30.000
Telecom Daughters 15.150 108.050 209.350 246.750 248.400 248.400 248.400 239.400 248.400
Group Telecom 33.900 138.050 239.350 276.750 278.400 278.400 278.400 269.400 278.400
Group Fees and Cost 644.200 722.450 1.440.500 1.671.050 1.696.400 1.696.400 1.732.900 1.687.200 1.691.400
Cash Flow
All figures in GB£
2007
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Income 0 0 0 2.500.000 0 0 0 0 0 146.539 146.539 348.031 3.141.110
Expenditure 0 0 0 48.000 259.250 135.000 129.500 108.750 124.800 248.116 268.116 406.095 1.727.627
Net Movement 0 0 0 2.452.000 259.250 135.000 129.500 108.750 124.800 101.577 121.577 58.063 1.413.483
Balance 0 0 0 2.452.000 2.192.750 2.057.750 1.928.250 1.819.500 1.694.700 1.593.123 1.471.547 1.413.483
2008
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Income 552.209 561.979 561.979 581.884 691.056 1.428.393 1.446.466 1.538.786 1.688.989 1.769.097 1.808.907 1.952.760 14.582.506
Expenditure 430.605 452.355 471.193 500.350 626.996 1.225.325 1.239.603 1.328.418 1.465.516 1.549.073 1.600.058 1.721.685 12.611.178
Net Movement 121.604 109.623 90.786 81.534 64.060 203.068 206.863 210.368 223.473 220.024 208.849 231.075 1.971.328
Balance 1.535.087 1.644.711 1.735.497 1.817.030 1.881.090 2.084.158 2.291.021 2.501.389 2.724.863 2.944.887 3.153.735 3.384.811
2009
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
Income 3.220.046 3.259.856 3.516.056 3.565.635 3.742.948 3.742.948 3.742.948 3.760.044 3.772.011 3.782.025 3.807.914 4.262.430 44.174.861
Expenditure 1.985.338 2.008.652 2.206.850 2.206.850 2.372.699 2.391.462 2.404.034 2.441.704 2.466.230 2.469.541 2.489.994 2.849.062 28.292.415
Net Movement 1.234.708 1.251.204 1.309.206 1.358.785 1.370.249 1.351.486 1.338.914 1.318.340 1.305.782 1.312.484 1.317.920 1.413.369 15.882.446
Balance 4.619.519 5.870.723 7.179.929 8.538.715 9.908.964 11.260.449 12.599.363 13.917.703 15.223.485 16.535.968 17.853.889 19.267.257
Profit & Loss Accounts
All figures in GB£
Group Income Sales 641.110 Group Income Sales 14.582.506 Group Income Sales 44.174.861
Net Profit (Loss) 1.086.517 Net Profit (Loss) 1.971.328 Net Profit (Loss) 15.882.446
Group Income Sales 73.536.916 Group Income Sales 103.977.078 Group Income Sales 116.501.819
Net Profit (Loss) 29.894.292 Net Profit (Loss) 50.201.192 Net Profit (Loss) 57.305.644
Break Even
40 000 000
20 000 000
0
2007 2008 2009 2010 2011 2012 2013 2014 2015
VALUATION
Comparable Valuation
Biip.no
September 2006 Members: 109 million
7% penetration rate of Norwegian population.
FaceBook.com
Mingl.co.uk Expectations
January 2007 Members: 15 million
Penetration rate of UK: Valuation (35-140 USD)
January 2007 Valuation: 1 - 2 billion USD 10% 210 - 840 million USD
7% 150 - 600 million USD
January 2007 Value per member: 70 - 140 USD 5% 105 - 420 million USD
1% 21 - 84 million USD
FUNDING
Organic Growth
Bo Myrås, CTO
Background from Master of informatics – University of Oslo, Norway
Former Network Administrator for Helly Hansen US & Helly Hansen Canada.
Unique Visitors
140 000
120 000
100 000
80 000
60 000
40 000
20 000
0
Biip.no Hardware.no Inpoc.no Dagsavisen Gamer.no Popit
Weekly page views
Page Views
8 000 000
7 000 000
6 000 000
5 000 000
4 000 000
3 000 000
2 000 000
1 000 000
0
Biip.no Hardw are.no Inpoc.no Dagsavisen Gam er.no Popit
FINANCIAL
Income versus Expenses 2006
Ad income Expenses
250 0000
200 0000
150 0000
100 0000
50 0000
Advertisment 75 000 90 000 120 000 135 000 160 000 175 000 190 000 200 000 250 000 280 000 380 000 380 000
SMS 28 000 102 000 146 000 179 000 210 000 220 000 230 000 250 000 260 000 280 000 300 000 320 000
Q1 sms 276 000 Q2 sms 609 000 Q3 sms 740 000 Q4 sms 900 000
Q1 advertisment
285 000 Q2 advertisment470 000 Q3 advertisment640 000 Q4 advertisment 1 040 000
Q1 income 561 000 Q2 income 1 079 000 Q3 income 1 380 000 Q4 income 1 940 000
Q1 costs 350 000 Q2 costs 600 000 Q3 costs 700 000 Q4 costs 800 000
Q1 total 211 000 Q2 total 479 000 Q3 total 680 000 Q4 total 1 140 000
Articles of Association
Founders CV
Complete budgets
Technical Presentation
Subscription Form