Ashley Services Group Ltd. · ASX:ASH
Ashley Services — H1 FY2022 Earnings Presentation
10 slides from Ashley Services's earnings presentation, Feb 25, 2022
Slide 1: H1 FY 2022 Results
H1 FY 2022 RESULTS Friday 25 February 2022
Slide 2: Positive Trends Continue for H1 FY22
POSITIVE TRENDS CONTINUE FOR H1 FY22 Positive trends continue across all financial performance metrics in H1 FY22 ▪ Revenue of $219.8 million, up $33.8m or 18.2% on pcp ▪ 57% of FY21 full year revenue ▪ EBITDA of $9.3 million, up $2.6m or 39.5% on pcp ▪ 60% of FY21 full year EBITDA ▪ EBITDA rate 4.2
Slide 3: H1 FY22 Results Well Ahead of FY21 Trends
H1 FY22 RESULTS WELL AHEAD OF FY21 TRENDS REVENUE FY16 - FY22 (H1) EBITDA FY16 - FY22 (H1) 450.0 20.0 400.0 383.7 15.5 336.8 15.0 350.0 332.8 314.7 300.0 276.9 287.6 9.7 9.3 10.0 9.1 8.0 250.0 219.8 5.7 200.0 5.0 150.0 0.0 100.0 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22 50.0 (5.0) - FY16 FY17 FY18 FY19
Slide 4: Strengthening Revenue Trends
STRENGTHENING REVENUE TRENDS REVENUE by Division FY16 - FY22 (H1) 450.0 400.0 9.7 ▪ Labour Hire H1 FY22 Revenue of $213.8m 350.0 6.7 7.3 up $32.2m (17.7%) on pcp 300.0 25.5 8.0 ▪ H1 FY22 Revenue represents 57.2% of full 250.0 28.3 5.9 200.0 year FY21 ($374m) 150.0 326.1 329.5 374.0 289.2 279.6 248.6
Slide 5: Business Growth Overview
BUSINESS GROWTH OVERVIEW 284 Internal Staff up 14 or 5% 1 Offices 25 New: Northlakes & Blair Athol 844 Customers 5 5,770 + Weekly Workers up 170 or 3% 2 1 4 2 1 6.5 Years Tenure Top 20 Customers up 0.5 years 9 Fully Integrated Labour Hire & Training provider * Trends are relative to financial year e
Slide 6: Labour Hire: Multi Branded approach covering all of our Customer's Temporary Labour & Recruitment needs
LABOUR HIRE: Multi Branded approach covering all of our Customer’s Temporary Labour & Recruitment needs ▪ Horticulture ▪ Transport & ▪ Production / Logistics Process ▪ Manufacturing ▪ Maintenance ▪ Trades ▪ Construction ▪ Engineering ▪ Technical ▪ HR & IR Consulting ▪ Fixed term ▪ Permanent Contract
Slide 7: Training: RTOs operating across VIC, WA & QLD with the TIC RTO operating nationally
TRAINING: 4 RTOs operating across VIC, WA & QLD with the TIC RTO operating nationally 33 Qualifications offered across both the ASH Pty Ltd traditional Training operations and the RTO 20749 newly acquired The instruction Company ▪ Business, Business ▪ Data & Voice Vocational Training Admin Communica
Slide 8: Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half- year ended 2 January 2022 Restated H1 FY22 H1 FY21 $000 $000 Revenue 219,816 185,977 Other income 11 358 Employment costs (206,986) (176,288) Depreciation and amortisation expense (772) (936) Finance costs (327) (3
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position As at 2 January 2022 Restated Restated 02-Jan-22 04-Jul-21 02-Jan-22 04-Jul-21 $000 $000 $000 $000 Assets Liabilities Current assets Current liabilities Cash and cash equivalents 1,218 2,969 Trade and other payables 34,106 27,391 Trade and other receivabl
Slide 10: 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 25 February 2022(“ Presentation Date”). No financial advice: The information in this presentation does not constitu
Ashley Services Group — H1 FY2022 Earnings Presentation on 6ix