Acumentis Group Limited · ASX:ACU
Acumentis — FY2018 Earnings Presentation
17 slides from Acumentis's earnings presentation, Aug 14, 2018
Slide 1: 2018 Full Year Results
2018 FULL YEAR RESULTS Chris Coonan, CEO & John Wise, CFO 14 August 2018 www.lmw.com.au
Slide 2: Agenda
AGENDA • About LMW • Summary of Results • Diversification of Revenue • Market Outlook • FY19 Projections • Our Strategy & Focus • Q&A
Slide 3: Disclaimer
Disclaimer This presentation contains statements which could be perceived as ‘forward-looking statements’. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results or performance achievements to differ materially fr
Slide 4: Chief Executive Officer - Chris Coonan; Chief Financial Officer - John Wise
Chief Executive Officer - Chris Coonan Chris Coonan has more than a quarter of a century experience within property services and has been in leadership roles with LMW for much of this time. During Chris’s stewardship the company has more than doubled revenues through acquisition and organic growth.
Slide 5: About LMW
About LMW OUR VISION To be property industry leaders, known for professional services excellence, our people and our integrity. OUR MISSION To provide our clients with the highest quality, independent and trusted professional advice that enables astute investment decisions and mitigates risk thereby
Slide 6: Expansion of our Coverage
Expansion of our Coverage Over 40 offices and almost 400 staff
Slide 7: Delivering on Results: Operational Highlights
Delivering on Results • Significant investment in client engagement across the business resulting in an increase of market share. • Completed projects targeting efficiencies across the business. • Diversification of revenue channels through additional services including insurance valuations & tax de
Slide 8: Delivering on Results: Financial Highlights
Delivering on Results • Revenues from owned businesses increased 72% to $43.2M largely due to the acquisition of MVS. • PBT up 143% to $5.8M reflecting the acquisition of MVS which delivered increased market share, diversification, higher growth margins and synergy savings. • LMW Branded Revenues in
Slide 9: Delivering on Results: Shareholder Returns
Delivering on Results • 19 consecutive half year periods without missing a dividend • Average yield since FY10 of 13.3% (incl franking credits) Shareholder • FY18 EPS increased 8.8% to 5.44 cents Returns • Fully franked final dividend of 2.0 cents • Full year dividend increasing to 4.6 cents (4.5 ce
Slide 10: Summary of Results
Summary of Results FY18 FY17 Change Increase $M $M $M % LMW Branded Revenue 60.2 40.5 19.7 49% Owned Revenue 43.2 25.1 18.1 72% EBITDA 6.6 2.7 3.9 144% Profit before tax 5.8 2.4 3.4 143% Profit after tax 4.1 1.6 2.5 155% Earnings per share 5.44 cents 5.0 cents 0.44 cents 8.8% Total dividends 4.6 cen
Slide 11: FY17 v FY18
FY17 v FY18 7,000 6,000 5,000 $'000 4,000 3,000 2,000 1,000 -
Slide 12: Diversification of Revenue
Diversification of Revenue With the full year of results from the MVS acquisition, we now have a broader spread of revenue sources with residential valuations (predominantly for bank lending purposes) falling from 67% to 53% of our revenue. FY18 FY17 3% 5% 5% 31% Residential 23% Commercial 53% Statu
Slide 13: Market Outlook
Market Outlook • Clients continue to look for service quality, consistency and innovation across all markets. • Recovery in the mining sector is likely to see improved market activity across Perth, Brisbane and regional areas throughout WA and QLD. • Commercial construction is set to grow with build
Slide 14: FY19 Forecast
FY19 Forecast FY19 FY18 Change Increase $M $M $M % Revenue 45.1 43.3 1.8 4% Profit before tax 6.8 5.8 1.0 17% Earnings per share 6.16 cents 5.44 cents 0.72 cents 13% • Forecasts for FY19 are based on our current market outlook and excluding any potential acquisitions. • We will continue to pursue in
Slide 15: Our Strategy & Focus
Our Strategy & Focus • Expansion of insurance valuations, statutory services & commercial valuations • Pursue M&A opportunities with valuation businesses • Pursue M&A opportunities with non valuation professional property services • Advance regional capabilities • Increase VIC market share • Continu
Slide 16: Q&A
Q&A
Slide 17: Contact Details
CONTACT DETAILS Level 6, 55 Clarence Street Sydney NSW 2000 T: (612) 8823 6300 SHARE REGISTRY Automic Level 3, 50 Holt Street Surry Hills NSW 2010 T: 1300 288 664 KEY DATES 31 August – Ex Dividend Date 19 September – Payment of Dividend w/c 8 October – AGM Notice of Meeting 8 November – Annual Gener