Shine Justice Ltd. · ASX:SHJ
Shine Justice — Shareholder Meeting (February 2016)
20 slides from Shine Justice's shareholder meeting presentation, Feb 11, 2016
Slide 1: Chairman's Address and Managing Director's Presentation
Shine Corporate Ltd (SHJ) Chairman’s Address and Managing Director’s Presentation In compliance with the listing rule 3.13.3 please find attached are the following documents that will be presented at the Annual General Meeting of Shine Corporate Ltd. The meeting commences at 1:00pm (EST) on 22 Octob
Slide 2: Chairman's Address - Shine Corporate Ltd Annual General Meeting
CHAIRMAN’S ADDRESS SHINE CORPORATE LTD ANNUAL GENERAL MEETING 22 OCTOBER 2015 Before Simon presents his summary of the Company’s performance over the past year and the outlook for this year, I would like to make a few observations of my own regarding the key factors affecting the performance of the
Slide 3: Chairman's Address: consolidation, acquisitions and governance
I have enormous confidence in Simon and his leadership team as we continue to consolidate current operations and expand into new geographies and new service offerings in the area of compensation based law. Last year, I made the observation that the industry has been evolving and consolidating by acq
Slide 4: Economic conditions and opportunity
We have all witnessed the change in economic conditions both in Australia and the broader global economy. Companies large and small have had to deal with this economic variability and with the somewhat fluid political landscape at both State and Federal level. Whilst these conditions require us all
Slide 5: Shine Corporate Ltd 2015 Annual General Meeting
SHINE CORPORATE LTD 2015 ANNUAL GENERAL MEETING Simon Morrison Managing Director 22 October 2015
Slide 6: Agenda
AGENDA • Introduction • FY15 Achievements • FY15 Results • Key Operational Drivers • Business Improvement Initiatives • Acquisition update • Reform update • FY16 Priorities 2
Slide 7: Introduction
INTRODUCTION Group Holding Company • 6 law firms and other interests • Our Values “Right Wrong” • Decentralised national operation • Continued clear vision and systems to grow BB SHINE NZ 1 • Broadening our footprint • Domestic and international opportunities BB BRADLEY BAYLY LEGAL – PERTH & ALB
Slide 8: Introduction - Shine Lawyers Firm
INTRODUCTION Shine Lawyers Firm 4
Slide 9: Shine Law Firms
INTRODUCTION Shine Law Firms Emanate • Townsville, Roma and Brisbane – land owner compensation Stephen Browne • WA Personal Injury Firm • Strategic & Complimentary with Bradley Bayly and Shine Sciaccas Lawyers • Qld based Personal Injury Firm and strong union network Bradley Bayly Legal • Catastroph
Slide 10: Other Interests
INTRODUCTION Other Interests • RWWNZ - NZ joint venture specialising in disaster recovery claims • Partnership with Erin Brockovich in the United States managing enquiries and assisting claimants seeking legal remedy where appropriate 6
Slide 11: Key Highlights
KEY HIGHLIGHTS Strategy • Continued focus on inch-wide, mile-deep growth in plaintiff-based litigation • Continued diversification of geographic spread of core PI business and enhancement of capability across emerging practice areas • Measured approach to acquisitions – consistent with strategy, man
Slide 12: Financial Results
FINANCIAL RESULTS Measure FY15 FY14 % change to PCP Revenue1 $150.6m $115.5m ↑ 30.4% Statutory EBITDA $44.0m $34.2m ↑ 28.7% Normalised EBITDA2 $45.4m $34.2m ↑ 32.7% Normalised EBITDA margin2 30.1% 29.6% ↑ Normalised NPAT3 $30.6m $22.2m ↑ 37.8% Normalised Net Operating Cash Flow4 $11.5m $11.4m ↑ 0.9%
Slide 13: Balance Sheet
BALANCE SHEET As at ($M) 30 Jun 15 30 Jun 14 Strong balance sheet: Cash and receivables 29.9 20.1 • Net WIP and disbursements increased by $67.3M reflecting both organic growth ($36.0M) and WIP and disbursements 239.3 172.0 acquisitions during the year ($31.3M at 30 Jun) PP&E and intangibles 46.2 13
Slide 14: Key Operational Drivers
KEY OPERATIONAL DRIVERS Personal Injury Emerging Practice Areas Revenue $116.4M Revenue $33.7M EBITDA $32.7M EBITDA $11.2M EBITDA Margin 28.1% EBITDA Margin 33.2% • Strong performance for the year • Strong performance whilst continuing to deliver on • Three new branches opened in NSW and
Slide 15: Business Improvement Initiatives
BUSINESS IMPROVEMENT INITIATIVES SHORT TERM MEDIUM TERM Continue focus on improving Deliver best-practice, agile recoverability and optimising company-wide platform to support business model growth and achievement of business objectives Underpinned by Our core purpose and values The Shine Way Our ex
Slide 16: Acquisition Update
ACQUISITION UPDATE • Acquisition of Bradley Bayly effective 1 June 2015 (completed 14 August 2015) significantly strengthens presence in WA • Acquisition of Best Wilson Buckley - leading specialist in the family law sector in Queensland. Strategic expansion into new and emerging opportunities • More
Slide 17: Reform Update
REFORM UPDATE Workcover Queensland o Legislation to overturn previous changes was passed in September o Change in legislation was made retrospective from 1st February 2015 o Passing of legislation and removal of 5% threshold will have a small positive impact on results in FY16. o Greater impact in F
Slide 18: FY16 Priorities and Guidance
FY16 PRIORITIES AND GUIDANCE • Internal focus on improving recoverability • Anticipate more growth through acquisitions • Improvement in operating cash flows through disbursement funding • Continued rollout of transformation project • EBITDA guidance – $52.0M to $56.0M 14
Slide 19: Questions?
X SHINE CORPORATE LTD
Slide 20: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Limited and certain plans and objectives of the management of Shine Corporate Limited. Such forward-looking statements involve both