Smart Parking Limited · ASX:SPZ
Smart Parking — H1 FY2018 Earnings Presentation
31 slides from Smart Parking's earnings presentation, Feb 26, 2018
Slide 1: FY18 First Half Results
Smart Parking Limited (ASX:SPZ) For personal use only FY18 First Half Results 26 February 2018 CEO Paul Gillespie smartparking.com
Slide 2: Business overview
Business overview For personal use only World-leading technology for parking design, development and management Management Services | UK Profitable and operates exclusively in the UK. Specialises in managing car parks on behalf of retail customers, land owners and managing agents and currently gener
Slide 3: H1 FY18 Highlights
For personal use only H1 FY18 Highlights
Slide 4: Highlights
Highlights For personal use only Smart Parking Group | H1 FY18 growth trend continues with increased margins and significant technology wins 26% 115% 509% Group revenue $16.1m Adjusted EBITDA $3.8m NPAT $2.2m up 26% up 115% up 509% 9.7% 1,376% Adjusted EBITDA margin up 9.7% Operating cash flow $3.1m
Slide 5: H1 FY18 Financial Update
For personal use only H1 FY18 Financial Update
Slide 6: Financials: EBITDA margin growth accelerates into H1 FY18
Financials For personal use only Smart Parking Group | EBITDA margin growth accelerates into H1 FY18 Revenue H1 FY18 Results | Group Financials (m) 26% $16.1m up 26% on H1 FY17. 16.1 Adjusted EBITDA 12.8 115% 12.1 $3.8m up 115% on H1 FY17. Adjusted EBITDA Margin 9.7% Up from 13.9% to 23.6% VAT 3.8 D
Slide 7: Statutory results reconciliation
Financials For personal use only Statutory results reconciliation Revenue EBITDA (000’s) H1 FY18 H1 FY18 H1 FY17 H2 FY17 H1 FY18 H1 FY17 H2 FY17 H1 FY18 vs H1 FY17 vs H1 FY17 Parking Management 10,826 9,799 12,862 18.8% 3,455 2,581 5,300 53.4% Technology Division 2,158 2,988 3,866 79.1% (1,051) (1,6
Slide 8: Management Services: UK earnings growth continues
Financials For personal use only Management Services | UK earnings growth continues H1 FY18 | Management Services Financials (m) 12.9 Revenue 19% $12.9m up 19% on H1 FY17. 10.8 9.8 Adjusted EBITDA 38% $4.8m up 38% on H1 FY17. Adjusted EBITDA margin 5.1% Up from 31.9% to 37.0% 4.8 VAT Despite the cha
Slide 9: Technology: Strong order book gives positive H2 outlook
Financials For personal use only Technology | Strong order book gives positive H2 outlook H1 FY18 Results | Technology Financials (m) 3.9 Revenue 79% $3.9m up 79% 3.0 Adjusted EBITDA 2.6 56% ($0.5m) improved 56% on H1 FY17. Improved outlook for H2 Orders include City of Adelaide, Moonee Valley City
Slide 10: Group financial position: Strong balance sheet
Financials For personal use only Group financial position | Strong balance sheet H1 FY18 Results | Group Financial Position Current assets Includes $15.1m of cash and Corporate $m Dec ‘17 Jun ‘17 Bonds while the Group continues to assess Current assets 23.0 21.4 growth opportunities. Non current ass
Slide 11: Group cash flow: Record operating cash flow
Financials For personal use only H1 FY18 | Operating Cash Flow (m) Group cash flow 3.1 | Record operating cash flow Record operating cash flows 0.9 $3.1m up 1,376% compared to H1 FY17. (0.2) Total cash and Corporate Bonds H1 FY17 H2 FY17 H1 FY18 12% Up 12% compared to H1 FY18 | Cash on Hand & Corpor
Slide 12: H1 FY18 Business Update
For personal use only H1 FY18 Business Update
Slide 13: UK management services: Strategy delivering record earnings
Business update For personal use only UK management services | Strategy delivering record earnings Continues to deliver earnings growth through installation of Automatic Number Plate Recognition [ANPR] technology in line with company strategy. EBITDA margin growth of 5% to 37% demonstrates the quali
Slide 14: Management services parking breach notices
Business update For personal use only Management services parking breach notices | Growth in parking breach notices continues with the roll out of ANPR technology Parking Breach Notices Issued Breach notices 42% H1 FY18 up 42% compared with 107,504 H1 FY17 (excluding Matalan). 72 97,406 17,429 90,51
Slide 15: Management services: Growing customer base
Business update For personal use only Management services | Growing customer base Smart Parking brand and reputation is growing throughout the UK, demonstrated with strong customer base. New sales heads making progress. H1 FY18 Results Presentation smartparking.com | PAGE 15
Slide 16: Technology: Smart City and IoT technology continues to be adopted
Business update For personal use only Technology | Smart City and IoT technology continues to be adopted Moonee Valley City Council sign with Smart Parking to deliver a full end to end smart city solution including 1,500 sensors, enforcement capability, smart phone application and, using the Smart P
Slide 17: Technology revenue and firm orders
Business update For personal use only Technology | Smart Parking’s ongoing commitment to invest in technology has resulted in increased sales and revenue growth in FY18. Technology Revenue (m) Firm orders continue to grow. 3.5 Recurring revenue growth from new business wins. 2.5 Recurring revenue nu
Slide 18: Technology sales pipeline
Business update For personal use only Technology | Aside from Smart Parking’s firm orders and committed recurring revenue there is an ongoing pipeline of strong prospects that grows with each year With existing booked orders, H1 FY18 | Technology Sales Pipeline (m) Smart Parking Technology will 36.2
Slide 19: Growing technology customer base
Business update For personal use only Growing technology customer base | Expanding across our key markets and opening new sales channels. Australia Hobart City Council Moonee Valley City Council City of Adelaide Strategic partnership with Telstra New Zealand Wilson Parking Hamilton City Council Quee
Slide 20: H1 FY18 New technology development
For personal use only H1 FY18 New technology development
Slide 21: Technology overview
Technology development For personal use only Technology overview | Delivering real-world IoT and smart city solutions. New smart city platform, SmartCloud, delivered and operational. Additional capabilities launched to market and orders received. Public WiFi added to the SmartCloud platform for Moon
Slide 22: IoT Partnerships
IoT Partnerships For personal use only IoT partnership with Telstra Google has proposed that continues to grow and deliver Smart Parking become a formal new projects. Google Cloud Partner to promote SmartCloud based market solutions. Telstra’s commitment to IoT reinforced in H1 FY18. Google have inv
Slide 23: Outlook H2 FY18
For personal use only Outlook H2 FY18
Slide 24: Strong outlook for H2 after record H1
Outlook For personal use only Strong outlook for H2 after record H1 | H1 FY18 has been our strongest half to date and we start H2 with a positive outlook. ANPR technology roll-out continues in the UK with over 150 sites in the pipeline UK earnings growth set to continue with incremental higher margi
Slide 25: Contact
For personal use only Contact Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com smartparking.com
Slide 26: Supplementary Information
For personal use only Supplementary Information
Slide 27: Management services: How it works
Supplementary information For personal use only Management services: How it works | Parking management improving customer satisfaction and revenue generation. ANPR | Automatic Number Plate Recognition Pay & Display | ANPR Linked Automated Payment System Site Surveys | Real-time information, analysis
Slide 28: ANPR: How it works
Supplementary information For personal use only ANPR: How it works | Automatic number / license plate recognition (ANPR) is a reliable, cost effective off-street parking management solution. It is proven to serve a wide range of industries including supermarkets, retail, hotels, hospitals and leisur
Slide 29: Technology: How it works
Supplementary information For personal use only Technology: How it works | Smart Parking’s technology provides effective parking management solutions around the world. SmartCloud SmartPark Service Pack Server SmartAPI SmartGuide Overhead Sensors SmartApp Pay & Marshal Walk SmartSpot Handheld Variabl
Slide 30: Technology: SmartParking app features
Supplementary information For personal use only Technology: SmartParking app features Search for nearby parking, see real-time data on a map receive directions to a car park and discover additional car park information. Set a timer or extend parking, receive notifications, make a payment and see a f
Slide 31: Glossary and legal disclaimer
Supplementary information For personal use only Glossary Adjusted EBITDA – The Board assesses the underlying performance of the Group based on a measure of Adjusted EBITDA which takes into account costs incurred in the current period but not expected to occur in the future. EBITDA – represents Earni