Bravura Solutions Limited · ASX:BVS
Bravura Solutions — H1 FY2013 Earnings Presentation
17 slides from Bravura Solutions's earnings presentation, Feb 14, 2013
Slide 1: Investor presentation: Results for half year ended 31 December 2012
Investor presentation Results for half year ended 31 December 2012 Tony Klim – Chief Executive Officer Rebecca Norton – Chief Financial Officer 14 February 2013
Slide 2: Agenda
Agenda > Highlights > 1HFY13 financial results > Strategic outlook > Questions & answers 2
Slide 3: Highlights
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Slide 4: Financial services environment
Financial services environment > Operating environment in financial markets improving – Regulatory change driving revenue opportunities > Retail Distribution Review (RDR), Future of Financial Advice (FOFA), SuperStream, Foreign Account Tax Compliance Act (FATCA) – Increasing growth in Self Managed S
Slide 5: Key points
Key points Sound financials – continued commitment to growth > Sales revenue increased by 7% to $64m for the half period > EBITDA increased by 12% to $10.6m for the half period > Operating cash flow increased by 75% to $20m for the half period > Annuity revenues remain strong at 51% (maintenance/man
Slide 6: 1HFY13 financial results
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Slide 7: 1H13 financial performance
1H13 financial performance 1H12 1H13 1H13 % Change % Change Actual Actual Constant Constant Actual (A$M) Currency 1 Currency 1 2 Sales revenue 59.8 64.0 64.6 8.0% 7.2% Expenses 50.4 53.5 53.7 -6.7% -6.2% EBITDA 9.4 10.6 10.8 15.3% 12.3% Net profit / (loss) after tax 2.2 -0.6 -0.3 113.8% -125.8% Oper
Slide 8: 1H13 revenue summary
1H13 revenue summary ($Am) > Revenue continued to be well diversified across lines of business, geography and sector/product line Line of business Geography Sector Licence & 4 Other 2 25 GWM 22 Professional 27 EMEA 26 Services 45 43 Maintenance / Managed GTA 38 39 32 33 Services APAC 17 19 1H12 1H13
Slide 9: Revenue & operating cost management
Revenue & operating cost management > Team expanded to service increasing WM and TA opportunities – Expansion of India office to improve client servicing – Recruited subject matter experts in expanding regions – Focused on learning and development > Transitioned to new UK data centre to support mana
Slide 10: Balance sheet
Balance sheet A$m 1H12 1H13 Stable balance sheet ASSETS Cash Other current assets 5.2 25.7 17.1 23.0 > Net assets improved Intangible assets 117.2 113.3 compared to prior Other non-current assets 22.0 23.5 Total assets 170.1 176.9 corresponding period LIABILITIES Borrowings 30.2 29.1 > Significant i
Slide 11: Funding profile
Funding profile Guarantees/ Facility limit Drawn down Letters of (m) value (m) Credit Due date Working capital facility AUD revolving tranche facility $6.5 $0.0 $0.5 Oct-15 GBP revolving tranche facility £3.5 £0.0 £2.3 Oct-15 Amortising term facility AUD term tranche facility $4.0 $4.0 $0.0 Oct-15 G
Slide 12: Strategic outlook
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Slide 13: Wealth management & life insurance
Wealth management & life insurance > Launched Babel for SuperStream in Australia > Launched Garradin SMSF functionality alongside new client win > Released enhanced Garradin tax platform and government retail bonds functionality > Continued growth for Sonata pipeline of opportunities > Extensive wea
Slide 14: Transfer agency
Transfer agency > Emerging opportunities in the European market > Extensive Rufus upgrades as part of programmes of work that continue for BNY Mellon and key UK clients > Installation of network infrastructure to DTCC for automated NSCC network link > Five client upgrades and six client migrations /
Slide 15: Going forward
Going forward > Continuing signs that European financial services markets are stabilising > Sonata generating growing interest from UK wrap and Australian superannuation markets > Babel for SuperStream gaining momentum as legislation deadline closes in > SMSF market opportunities supporting Garradin
Slide 16: Questions and answers
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Slide 17: Thank you
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