Slide 1: HiTech Group August 2017
Hi R O U _ P G pAUGUST 2017W\eggge
Slide 2: FY17 Results Commentary
AUGUST 2017 FY17 RESULTS COMMENTARY Revenue up 27% to $23.4m driven by 28% growth in contracting and 13% growth in permanent placement revenue Gross profit up 21% to $4.7m Underlying EBITDA up 36% to $3.4m Underlying NPAT up 34% to $2.4m Underlying fully diluted EPS up 23% to 6c FY17 underlying grow
Slide 3: Company Overview
AUGUST 2017 COMPANY OVERVIEW HiTech is a specialist provider of recruitment and ICT consulting services The company generates the majority of its revenue from ICT contracting and consulting, meaning revenue is almost entirely recurring Revenue is underpinned by a long term, blue chip customer base w
Slide 4: Third Consecutive Year of Record Revenue and Profit Growth
AUGUST 2017 THIRD CONSECUTIVE YEAR OF RECORD REVENUE AND PROFIT GROWTH FY17 represents a record result for revenue and profits HiTech has now delivered a third consecutive year of record revenue and profit growth, with growth expected to continue both organically and by acquisition Revenue Gross Pro
Slide 5: Market Conditions
AUGUST 2017 MARKET CONDITIONS The market remains strong with 88% of all employers looking to maintain or increase their workforce (Source: Hudson IT Talent Insights) The ICT market in particular continues to represent one of the fastest growing markets with demand for skilled professionals exceeding
Slide 6: Growth Strategy
AUGUST 2017 GROWTH STRATEGY Pursue organic growth through: - On-boarding of new clients - Enhance the service offering provided to existing clients by providing a broader suite of recruitment and ICT consulting solutions in addition to base contracting agreements - Expand the company's ICT offering
Slide 7: Dividends
AUGUST 2017 DIVIDENDS A 3c fully franked interim dividend was paid in FY17 The directors have declared a fully franked final dividend of 3c for FY17, bringing total dividends for the year to 6c Dividend yield of about 9% at the current share price of 69 cents The company has an opportunity to pursue
Slide 8: Investor Summary
AUGUST 2017 INVESTOR SUMMARY FY17 was another year of record revenue and profit for HiTech The company has now delivered a third consecutive year of revenue and profit growth The demand for skilled ICT personnel continues to grow with no signs of slowing, with HiTech well positioned to benefit using