Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (November 2023)
12 slides from Ashley Services's shareholder meeting presentation, Nov 9, 2023
Slide 1: Ashley Services Group 2023 Annual General Meeting
xX ASHLEY SERVICES GROUP LABOUR HIRE | TECHNICAL SERVICES | TRAINING Labour Hire Technical Services Training Aterion seen -conceot wzwm concept = TSA BTM ete EE: a une jen. conceot Aston wee [Gd Fexonne Sewers ye (2) nationale 2023 ANNUAL GENERAL MEETING Thursday 9 November 2023
Slide 2: Opening Address from Chairman
™ Opening Address from Chairman — lan Pratt = Business Update from Managing Director — Ross Shrimpton ™ Q1 FY24 Financial Results — Paul Brittain CFO = Resolutions as per Notice of Meeting =" General Business = Close of Annual General Meeting oo
Slide 3: Strategy
Strategy RESULTS Diversified, resilient business less reliant on Supply Chain + Sustainable margin improvements across all companies - Best in class safety, customer service, employee satisfaction TRANSITION IN PROGRESS Grow Grow Capitalise on Solidify Efficiency; Technical Horticulture strengths in
Slide 4: Structure
Structure Divisions Sectors Supply Chain Horticulture Labour Hire Retail Companies and Brands ACTION WORKFORCE Aston NSWINZ ACTION Sieg. WORKFORCE VIC Pa Wore ACTION + Planting WORKFORCE + Harvesting QLD - + Packing ACTION WORKFORCE SAINT ACTION WORKFORCE WA + Supply Chain + Logistics + Manufacturin
Slide 5: Foundational improvements
Foundational improvements Grow horticulture and healthcare sectors Capitalise on strengths in training division Grow the Technical Services division Margin enhancement ASHLEY SER\ Efficiencies — system and process improvements including Al In progress Acquire and successfully integrate OPW Complete
Slide 6: Q1 FY24 Financial Results
Q1 FY24 Financial Results Challenging quarter for labourhire: strong performance from training. = NPAT for Q1 FY24 at $2.0m was down $1.1 million on the prior corresponding period (“pcp”). $0.9 million from pcp — CCL now owned 100%. Revenue by segment = EBITDA for Q1 FY24 at $4.2m down $0.8m (13%) L
Slide 7: Q1 FY24 Financial Results: Balance Sheet
Q1 FY24 Financial Results Balance Sheet |Assets Current Assets Cash and cash equivalents 48 29 25 Trade and other receivables 577 587 57.2 Current tax receivable - 14 0.0 Contract assets 15 10 14 Financial asset at amortised cost 03 12 17 Other assets 2.0 18 13 Total Current Assets 66.3 67.0 64.2 No
Slide 8: Q1 FY24 Financial Results: Cash Flow
Q1 FY24 Financial Results Cash Flow EBITDA 4.2 5.0 20.1 Change in working capital (3.4) 6.9 8.4 = Net Cash used in investing activities of ($O.3m) Net interest/tax received / (paid) 04 (1.3) (5.7) . Other (05) (1.4) reflects: Net Cash fr ii ‘ivitic 0.7 9.2 22.8 . . . et Cash from operating activitie
Slide 9: Labour Hire Revenue up $12.5m or 10%
ASHLEY SERVICES GR Labour Hire Revenue up $12.5m or 10% $ million Unaudited Unaudited Audited $10.8m from OPW. Low season for OPW; ony 28 CBIRZE) ze Linc down $2.4m (50%) — customer maintenance shut down benefits in pcp, reduced manning pending tender outcome; Revenue 136.9 124.4 533.2 Remaining bus
Slide 10: Training Division continues its strong performance
$ million Revenue EBITDA EBITDA margin % Unaudited Unaudited ASHLEY SERV Training Division continues its strong performance. Revenue, up $1.2m or 32% with this growth spread across all states. The Training division growing from a solid base, built on a strong culture of Compliance. Courses being add
Slide 11: Proxy
Proxy Resolution For Against . " Abstain Discretion ITEM 2. Remuneration Report 20,587,613 4,885,027 785,212 0 ITEM 3. Election of Director: 106,125,815 56,177 818,625 1,265 lan Pratt
Slide 12: Notice and Disclaimer
Notice and Disclaimer Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (‘ASH’) as at 09 November 2023, (‘Presentation Date"). No financial advice: The information in this presentation does not constit
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