Ooh Media CEO Cathy O’Connor has taken home a total salary of $1,772,198 for the 2021 calendar year, with 27% of her earnings composed of performance based payments, as the OOH media company rounded out the year with strong financial results.
According to Ooh Media’s 2021 Annual Report, O’Connor’s base salary sat at $1,259,482 plus superannuation, with a further $285,900 and $190,432 worth of bonus attributed to short term and long term incentives, respectively.
The bonuses reflect what was a successful calendar year for Ooh Media, after a significant drop in revenue during the 2020 calendar year thanks to the early impacts of the COVID-19 pandemic.
In its’ ASX announcement yesterday, the OOH media company stated it had successfully leveraged the continuing recovery of OOH audiences, delivering an 18% lift in revenue to $503.7 million compared to the previous year.
The agency points to the diversity of its assets across a range of OOH formats as the reason Ooh was able to deliver the revenue uplift despite substantial lockdowns in Q3 CY21 and early Q4, with some formats (fly, office and rail) continuing to be impacted by the pandemic.
Ooh reported an increase of 24% to underlying EBITDA to $77.6 million, up from $63.2 million in CY20, and gross profit was also up 23%, an increase of $222 million on the previous year.
Net debt dropped 43% to $63.5 million and net profit after tax was $0.8 million, compared to an net loss after tax of $24.3 million in the previous year.