Servcorp Limited · ASX:SRV
Servcorp — Shareholder Meeting (November 2007)
17 slides from Servcorp's shareholder meeting presentation, Nov 9, 2007
Slide 1: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING Thursday 8 November 2007
Slide 2: Net Profit After Tax 2006/2007
NET PROFIT AFTER TAX 2006/2007 For personal use only AUD$M
Slide 3: Mature Floors Net Profit Before Tax 2006/2007
MATURE FLOORS NET PROFIT BEFORE TAX 2006/2007 For personal use only AUD$M
Slide 4: Servcorp Growth - The Facts
SERVCORP GROWTH - THE FACTS For personal use only At June 2000: At June 2007: Cash balance of $12 mil Over $60 mil 39 floors now 64 floors EPS 13.4 cents per share now 32.7 cents per share (annualised) Net assets $47 mil now exceeds $111 mil
Slide 5: 2006/2007 New Floors Opened
2006/2007 10 NEW FLOORS OPENED For personal use only • Perth July 2006 • Singapore August 2006 • Beijing August 2006 • Paris August 2006 • Sydney September 2006 • Singapore October 2006 • Tokyo November 2006 • Nagoya January 2007 • Tokyo February 2007 • Bahrain June 2007
Slide 6: 2006/2007 Snapshot
2006/2007 SNAPSHOT • Mature floors NPBT growth of 16% (excluding Brussels write-back) For personal use only • Revenue growth of 15% • Strong EPS of 32.7 cents per share • Dividend of 23 cents per share • Strong profit growth in Asia, Australia and Dubai • New floors became mature in record time • Fl
Slide 7: Servcorp Differentiates Itself in the Market Place
SERVCORP DIFFERENTIATES ITSELF IN THE MARKET PLACE WITH: For personal use only • Only the best locations and fit outs • In house, built for business, IT solutions that give our clients control of their business • Hottdesk Version 2 – Delivery system of our services to our clients - building a busine
Slide 8: Special Dividend
For personal use only SPECIAL DIVIDEND 5 cents per share on 20 December
Slide 9: 2007/2008 We Plan to Open New Centres
2007/2008 WE PLAN TO OPEN 10 NEW CENTRES • Chengdu For personal use only September 2007 • Bahrain January 2008 • Paris January 2008 • Sydney January 2008 • Wellington February 2008 • Abu Dhabi March 2008 • Norwest April 2008 • Shanghai April 2008 • Doha May 2008 • Beijing June 2008
Slide 10: 2007/2008 The IT Improvements Continue
2007/2008 THE IT IMPROVEMENTS CONTINUE For personal use only • Hottdesk Version 2 – Evolving, upgrading • VOIP Network • Office² product suite development
Slide 11: 2007/2008 Focus on Growth
2007/2008 FOCUS ON GROWTH For personal use only • Focus on retaining strong management • Focus on maintaining margins on mature floors • Focus on maintaining high occupancy on mature floors • Focus on growing immature floors as fast as we can – repeating a strong 2006/2007 • Focus on maximising retu
Slide 12: Around the World: Europe/Middle East
AROUND THE WORLD FOR 2007/2008 For personal use only EUROPE/MIDDLE EAST • Dubai - Booming • Bahrain - Booming • Continued expansion in the Middle East • Europe - Stable - New floor
Slide 13: Around the World: Japan
AROUND THE WORLD FOR 2007/2008 For personal use only JAPAN • More competitive market • Profit in Yen remains strong • Immature floors performing well
Slide 14: Around the World: Asia
AROUND THE WORLD FOR 2007/2008 For personal use only ASIA • Performing strongly • Record rent and occupancies in Hong Kong and Singapore • Growing in China • Looking for opportunities
Slide 15: Around the World: Australia and New Zealand
AROUND THE WORLD FOR 2007/2008 For personal use only AUSTRALIA AND NEW ZEALAND • Booming in most markets • Record rents and occupancies in Perth and Brisbane • Opening in Wellington, Sydney and Norwest
Slide 16: Around the World: Franchise - India
AROUND THE WORLD FOR 2007/2008 For personal use only FRANCHISE - INDIA • Hyderabad – December 2007 • Mumbai – January 2008 • Under the agreement K Raheja Corp are required to open a minimum of 6 locations in 3 years • Catalyst for further franchise growth
Slide 17: 2007/2008 Forecast
2007/2008 FORECAST For personal use only • Mature floor profit forecast remains at $48 million • Strong start to the year – currently only 3 immature floors • NPBT will be impacted by new floor openings • Office² will have an increased impact • We will continue to focus on increasing our competitive