Slide 1: 1H 2017 Results Investor Presentation
1H 2017 Results Investor Presentation
Slide 2: Important notices
Important notices Important notice and disclaimer This presentation has been prepared by Hansen Technologies Limited (Hansen). The information contained in this presentation is intended to be general background information only and does not purport to be complete. It is not intended that it be relie
Slide 3: 1H 2017 Financial Dashboard
1H 2017 Financial Dashboard Revenue EBITDA NPATA1 $86.9m $23.8m $15.3m 17.5% on 1H16 6.6% on 1H16 9.6% on 1H16 EPS2 DPS Net Cash 8.5 cents 3.0 cents $15.4m 7.2% on 1H16 Same as 1H16 1. NPATA = Net profit after tax excluding amortisation of acquired intangibles (refer page 4) 2. Basic EPS based on NP
Slide 4: 1H 2017 Highlights
1H 2017 Highlights • Revenue of $86.9m – 17.5% up on 1H16 and included: – $3.2m or 4.5% underlying1 growth in our core billing revenue on a constant currency basis – offset by a $4.4 million reduction due to currency movements – $14.7m 6-month contribution from US-based Solutions business (SaaS bill
Slide 5: Profit overview
Profit overview A$m 1H16 1H17 Variance Operating revenue 74.0 86.9 17.5% EBITDA 22.3 23.8 6.6% Depreciation and amortisation (2.6) (3.2) EBITA 19.7 20.5 4.5% Amortisation of acquired intangibles 1 (1.9) (2.6) EBIT 17.8 18.0 Net interest (0.0) 0.1 Income tax (5.1) (4.5) NPAT 12.6 13.5 6.8% Add back a
Slide 6: Revenue
Revenue 86.9 A$m 74.0 75.0 1H17 revenue of $86.9m was $12.9m 57.1 49.2 (17.5%) higher than 1H16: • Underlying1 billing revenue increased $3.2m or 4.5% on a constant currency 1H15 2H15 1H16 2H16 1H17 basis • FX movements resulted in a $4.4m reduction in revenue – with GBP weakness Revenue bridge – 1H
Slide 7: Currency impact
Currency impact Revenue by Currency 1H17 • With the acquisition of the US-based Solutions business, US$ revenue now accounts for circa 50% of total revenue Other NOK AUD • Weakening of the GBP and USD (as well as other currencies) relative to the AUD during 1H17 DKK resulted in a $4.4m reduction in
Slide 8: EBITDA
EBITDA EBITDA ($m) & EBITDA margin (%) Margin ex- • As anticipated with the inclusion of the Solutions Solutions business, 1H17 EBITDA 30 35% margin of 27.4% back in middle of 25%- 32.3% 30.8% 30% target range 30.1% 27.4% 30% • Excluding lower margin Solutions 26.9% business (which includes BPO and
Slide 9: Cash Flow
Cash Flow A$m 1H16 1H17 EBITDA 22.3 23.8 Working capital/other 3.3 2.1 • $13.2m free cash flow for the half, $2.6m down Net interest 0.0 0.1 on 1H16 mainly due to: Income tax (6.8) (6.4) – higher capex – a result of investment in Operating cash flow 18.8 19.6 customer infrastructure and office moves
Slide 10: Current growth drivers
Current growth drivers Pay TV – • DTH (Direct to Home) digital signals, combined with a burgeoning middle class in emerging Emerging markets, are significant demand drivers for satellite pay TV subscription services Markets Our ICC product is a leading solution in the market for pay TV operators •
Slide 11: About Hansen
About Hansen • 40+ years in operation • Leading global provider of billing and customer care solutions to 4 verticals: energy, water, telcos, Pay TV • 800+ team members around the world • ~200 customers in 45+ countries • ~A$700m market capitalisation Revenue by Region Revenue by Vertical Revenue FY
Slide 12: Long term vision
Long term vision We are committed to growing our business and delivering value to shareholders by: 1 Servicing our existing customers exceptionally well 2 Investing in R&D to ensure we continue to have best of breed solutions 3 Increasing our recurring revenue streams 4 Developing our people and bui