Slide 1: Optimising asset performance, delivering results.
Optimising asset performance, delivering results. FY24 Full Year Results | 21 August 2024
Slide 2: Important notices & disclaimer
Important notices & disclaimer USE OF THIS DOCUMENT You must read the following notices before reading or making any use of this document or any information contained in this document. By continuing to read, use or otherwise act on this document, you agree to be bound by the following terms and cond
Slide 3: FY24 Key Highlights
FY24 Strong operating result: • Group revenue of $101.9 million (+ 35.7% pcp) Key Highlights • • Underlying EBITDA 1 of $15.7 million (+ 33.0% pcp), NPATA2 of $9.6m (+19.7% pcp) • Underlying EPS3 of 5.24c per share (+2.9% pcp) Strategic contract wins that endorse COSOL's strategy and underpin growth
Slide 4: FY24 Financial Highlights
FY24 Financial Highlights Margin improvement in second Leverage Final half underpinned the full year performance and continued focus Cash Net Debt Ratio Dividend on working capital optimisation. $6.6M $13.7M 0.9 1.39c Full year 2.39c Group revenue EBITDA1 EBITDA1 NPATA2 NPAT2 EPS2 $101.9m $15.7m mar
Slide 5: Strong momentum in H2 sets up FY25
Strong momentum Benefits of the investments in H1FY24 flowed through in H2: in H2 sets up FY25 Second half momentum driven by the OneCOSOL operating model • Margin enhancement through contribution of larger complex projects driven by the multi-disciplinary offerings available to clients. • Despite t
Slide 6: Acquisitions create platform for growth
Acquisitions create Work Management Solutions platform for growth Western Australia beachhead • Western Australia presence, providing footprint and customers to grow Data and Systems offerings. • Entry into Maintenance Operations, providing a combination of Maintenance Professional Services and Stra
Slide 7: Continuing to deliver strong CAGR growth
Continuing to deliver strong CAGR growth Organic growth, plus strategic acquisitions accretive to earnings, with revenue synergies and IP delivering sustained growth. $13.3m of dividends4 to shareholders since listing. Revenue ($m) EBITDA1 ($m) NPATA2 ($m) EPS2 (cents) 44.8% CAGR 36.9% CAGR 33.9% CA
Slide 8: FY24 Financials
FY24 Financials Earnings Notes: Maintained strong EBITDA margin of 15.4% while growing revenue ~36%. Revenue increase of 35.7% YoY • Revenue growth driven by increased Product & ($’000) FY24 FY23 YoY YoY % Product-Led Services as well as Professional Revenue 101,933 75,102 26,831 35.7% Services sale
Slide 9: FY24 Balance Sheet
FY24 Balance Sheet Balance sheet Notes: Strong financial position and low leverage enabling COSOL to continue Net assets increased ~$27m in FY25 largely acquisition approach that supports accelerated growth. as a result of the AssetOn and Core Asset Co acquisitions Balance Sheet ($’000) 30-Jun-24 31
Slide 10: FY24 Cashflow and Metrics
FY24 Cashflow and Metrics Cash flow Notes: Cash conversion improved in H2FY24 driving a full year position of 76.2%, a • Cash conversion significantly improved in 3.7 point improvement on FY23. Focus on reducing our working capital H2FY24 at 86.7%, driving the 3.7 point investment through the cycle.
Slide 11: FY25 Strategic Growth Plan
FY25 Strategic • Utilise our Asset Management professional services customer base Growth Plan Expanded customer to pull through higher margin product (IP) and service portfolio. engagement for • Grow revenue on our FY24 managed service contract wins. AMaaS capabilities • Expand our Master Data Servi
Slide 12: COSOL's acquisitions focused on accelerating growth
COSOL’s acquisitions focused on accelerating growth COSOL will continue to pursue accretive acquisitions that accelerate our growth. Our focus is on proprietary IP, recurring revenue streams and geographies that provide the greatest revenue synergies. DRIVING SCALE DRIVING VALUE LEGEND: Organic Grow
Slide 13: Platform set to deliver strong revenue growth
Platform set to deliver strong revenue growth OneCOSOL has set the platform for growth in both revenue and improved margins on the back of strong momentum coming out of H2FY24. 18.5% CAGR 55.0 52.9 30 H2 momentum setting up for FY25 growth 50.0 49.1 • Revenue growth driven by key transformation work
Slide 14: Company Overview
© COSOL COMPANY OVERVIEW
Slide 15: Opportunity Overview
Opportunity Overview COSOL is a global provider of end-to-end Asset Management solutions, enabled by our proprietary IP, delivering improved asset performance for our customers. COSOL Snapshot Enterprise Value Key Financials1 • ASX listed, Australian-based provider of proprietary software, systems a
Slide 16: Investment Highlights
Investment Highlights COSOL is an established leader in the asset management market, with consistent year on year revenue and EBITDA growth delivering significant returns for shareholders. Strong track record of revenue and EBITDA growth (CAGRS of 72% and 65% respectively) since 2020 IPO delivered t
Slide 17: COSOL's unique end-to-end Asset Management (AM) solutions
COSOL’s unique end-to-end Asset Management (AM) solutions The combination of people, process, systems and data software and solution allows clients to accelerate their digital transformation journey to generate efficiencies from their physical assets. 1 2 3 4 AM People AM Process AM Systems AM Data
Slide 18: Strategic M&A has delivered new capabilities for growth
Strategic M&A has delivered new capabilities for growth Disciplined M&A based on firm strategic rationale has launched COSOL into new market segments and geographies, creating a unique end-to-end technology enabled asset management business. US Hitachi APAC IBM WA Professional East Coast Asset Manag
Slide 19: Serving clients in critical industries and national infrastructure
Serving clients in critical industries and national infrastructure COSOL works with a blue-chip client base on their digital transformation which allows them to improve asset performance, reduce costs and deliver superior return on capital. SECTOR ASIA-PACIFIC REGION: THE AMERICAS REGION: NAT URAL R
Slide 20: Customer Showcase
Customer Showcase PUBLIC INFRASTRUCTURE GOVERNMENT • Large government agency in one of the States of Australia. • Queensland Government’s builder that plays a vital part of the state’s • Victoria’s key agency for planning, building, operating and maintaining $50 billion building and construction ind
Slide 21: Customer Showcase
Customer Showcase INFRASTRUCTURE NATURAL RESOURCES • Columba University Irving Medical Center (CUIMC) is a clinical, research, and • Roy Hill is world-class mining operation in Western Australia educational enterprise located in New York. • Currently delivers 60 million tonnes per annum of iron ore
Slide 22: Thank You
COSOL THANK YOU www.cosol.global
Slide 23: Appendices
© COSOL APPENDICES
Slide 24: Underlying to Statutory Reconciliation
Underlying to Statutory Reconciliation Definitions and calculations of presentation 1. Underlying EBITDA is statutory earnings before interest, tax, depreciation 3. Underlying NPAT is statutory net profit after tax (NPAT) before business and amortisation, as well as business acquisition and integrat
Slide 25: Revenue by segment
Revenue by segment Revenue in FY24 more heavily weighted to professional services and natural resources revenue due to the acquisitions of AssetOn and CoreAsset. The customer base of these businesses is anticipated to generate opportunities for our Managed Services and Product service lines going fo