Service Stream Limited · ASX:SSM
Service Stream — FY2013 Earnings Presentation
11 slides from Service Stream's earnings presentation, Aug 30, 2013
Slide 1: FY13 Results Presentation
Service Stream Limited FY13 Results Presentation For personal use only
Slide 2: Overview
Overview For personal use only A disappointing FY13 with EBITDA loss of ($13.4m) Fixed Communications’ EBITDA loss of ($32.0m) includes ($19.9m) relating to SSM’s share of the Syntheo Joint Venture. Mobile Communications and Energy & Water both delivered improved results in line with expectati
Slide 3: Overview (continued)
Overview (continued) Banking refinance secured out to 31 August For personal use only 2014. Key leadership changes made within Fixed Communications. Staff salaries held at FY13 level. Executive search process for Managing Director progressing well. Refer to the Financial Statements for Y/E 3
Slide 4: Key financial measures
Key financial measures: For personal use only Jun Jun Change Change $ million 2013 2012 $m % Revenue 526.6 592.2 (65.6) (11.1%) EBITDA (13.4) 38.0 (51.4) (135.2%) EBITDA % (2.5%) 6.4% n/a (8.9%) EBIT (111.5) 30.6 (142.1) (465.0%) NPAT (107.1) 18.7 (125.8) (671.9%) Operating cash flow 3.2 16.0 (12.8)
Slide 5: Key financial trends
Key financial trends: For personal use only Revenue ($m) Net Debt ($m) FY13 Jun-13 FY12 Jun-12 FY11 Jun-11 FY10 Jun-10 FY09 Jun-09 0 100 200 300 400 500 600 700 0 20 40 60 80 100 120 EBITDA ($m) Operating Cashflow ($m) FY13 FY13 FY12 FY12 FY11 FY11 FY10 FY10 FY09 FY09 -15 -10 -5 0 5 10 15 20 25 30 3
Slide 6: Segment results
Segment results: For personal use only Jun EBITDA Jun EBITDA Net Change 2013 % 2012 % change % Fixed Communications 227.1 300.2 (73.1) Mobile Communications 124.7 124.7 (0.0) Energy & Water 174.2 169.1 5.1 Inter-company revenue (0.8) (2.2) 1.4 Interest received 1.4 0.4 1.0 Total Revenue 526.6 592.2
Slide 7: Cashflow results
Cashflow results: For personal use only Working Capital % of Revenue Jun Jun 20% $ million 2013 2012 EBITDA (13.4) 38.0 +/- change in working capital etc 6.8 (10.5) 15% OCFBIT1 (6.5) 27.6 Net tax refund/(paid) 12.0 (8.0) 10% Net interest paid (2.3) (3.6) Operating cash flow 3.2 16.0 Proceeds from sa
Slide 8: FY14 outlook
FY14 outlook For personal use only No EBITDA impact of Syntheo in FY14 and agreed contributions have been factored into cash forecast. Fixed Communications’ recent success in winning a number of Telstra and NBN contracts will provide a solid platform for FY14 … ongoing focus on division re-struc
Slide 9: Our business' medium term prospects are strong
Our business’ medium term prospects are strong For personal use only Australian government’s investment in NBN will continue to drive opportunities, particularly in the Fixed areas of SSM’s proven competence of New Estates Communications and Customer Connections. Increasing demand for mobile dat
Slide 10: Appendices
For personal use only Appendices
Slide 11: Group overview
Group overview SERVICE STREAM LIMITED (ASX:SSM) BOARD & MANAGEMENT For personal use only EBITDA (FY13) ($13.4m) EPS (FY13) (37.77) Peter Dempsey Chairman DPS (FY13) 1.00cps Brett Gallagher Executive Director Net debt (Jun 2013) $52.0m Stephe Wilks Non-Executive Director Total shareholders’ equity (J