Ashley Services Group Ltd. · ASX:ASH
Ashley Services — H1 FY23 Earnings Presentation
12 slides from Ashley Services's earnings presentation, Feb 24, 2023
Slide 1: Ashley Services Group - First Half FY23 Results
SHLEY SERVICES GROUP LABOUR HIRE | RECRUITMENT | TRAINING aA ashley; «isc (©) nationalinstitute of training Jeon OTe FLEXIBLE, TAILORED RAIL TRAINING. Friday 24 February 2023
Slide 2: Solid Result for H1 FY23, Investing for Continuing Growth
SOLID RESULT FOR H1 FY23, INVESTING FOR CONTINUING GROWTH Growth continued for H1 FY23 = Revenue of $262.4 million, T$42.5m or 19.4% on pcp* = EBITDA of $10.3 million, TS$1m or 10.7% on pcp = NPAT of $6.1 million, TSO0.2m or 4.3% on pcp = EPS of 3.99 cents per share, down 0.04 cents or 40.9% on pcp
Slide 3: Revenue, NPAT, EBITDA FY18 - FY23 (H1)
REVENUE FY18 - FY23 (H1) 500.0 450.0 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 449.5 383.7 332.8 336.8 287.6 262.4 FY18 FY19 FY20 Fy2i FY22 HI FY23 * FY19 decline due to exit of a major, marginally profitable, Action Workforce contract (FY18 $59.2m) NPAT FY18 - FY23 (H1) 12.0 10.0 8.0 6.0 40 2.
Slide 4: Growth Trends Continue
GROWTH TRENDS CONTINUE REVENUE by Division FY18 - FY23 (H1) 500.0 450.0 = Labour Hire H1 FY23 Revenue T$41m (19%) on pcp 400.0 = Growth in all businesses except Concept 3500 . . . 300.0 Engineering & Concept Retail 3500 1 = Largest growth in CCL Group, Action “oe Workforce NSW and from Linc 1000 = T
Slide 5: Fully Integrated Labour Hire/Recruitment & Training provider
022 or as noted) 337 Internal Staff up 32 or 10% 25) Offices up2 853 Customers up 71 or 9% Weekly Workers at peak 7,710 up 1,913 or 33% 7,7 Years Tenure Top 20 Customers up 0.9 years Fully Integrated Labour Hire/Recruitment & Training provider oo
Slide 6: Labour Hire & Recruitment: Multi Branded approach
Labour Hire & Recruitment: Multi Branded approach covering all of our Customer’s Temporary & Permanent employment needs = Horticulture = Transport & A C T | 0 N = Production / Logistics WORKFORCE Process = Manufacturing = Maintenance = Trades conceot = Construction = Engineering Engineering = Techni
Slide 7: Labour Hire & Recruitment: Multi Branded approach
Labour Hire & Recruitment: Multi Branded approach covering all of our Customer’s Temporary & Permanent employment needs = Construction Labour ® Specialist Labour = Council permits " Traffic Management = Labourers, Trades, = Authority approvals Services Plant Operators, Steel Fixers = Mechanical = Sh
Slide 8: Training: RTOs operating across VIC, WA & QLD
TRAINING: 4 RTOs operating across VIC, WA & QLD with the TIC RTO operating nationally 34 Qualifications offered across both the ASH Pty Ltd iti ini i RTO 20749 A traditional Training operations and the ny ashley ciinic newly acquired The instruction Company Of training = Business = Data & Voice Voca
Slide 9: Consolidated Statement of Comprehensive Income
ber 2022 Revenue 262,360 219,816 Other income 85 11 Employment costs (247,476) (206,986) Depreciation and amortisation expense (1,652) (772) Finance costs (891) (327) Other expenses (4,291) (3,437) Share of net profit of non-controlled entities accounted for using the equity method 17 - Profit befor
Slide 10: Consolidated Statement of Financial Position
Current assets Cash and cash equivalents Trade and other receivables Current tax receivable Contract assets Other assets Total current assets Non-current assets Property, plant and equipment Investment in non-controlled entities Loans to non-controlled entities Right-of-use assets Deferred tax asset
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows As at 31 December 2022 6monthsto 6 months to 31/12/2022 02/01/2022 $000 $000 Operating activities Receipts from customers 280,562 228,528 Payments to suppliers and employees (270,018) (224,917) Interest received 4 2 Finance costs paid (882) (319) Income taxes pai
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 24 February 2023 (“Presentation Date”) No financial advice: The information in this presentation does not constitut
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