Slide 1: Full Year Results Presentation
Smart Parking Limited ASX:SPZ For personal use only Full Year Results Presentation Paul Gillespie, CEO | Richard Ludbrook, CFO August 2016 0
Slide 2: Smart Parking Limited (ASX:SPZ)
Smart Parking Limited (ASX:SPZ) For personal use only Smart Parking is a global car parking business listed on the ASX Key market statistics 2016 share price performance ASX code SPZ Market cap $77.01m Share price - 18.08.16 0.26 52 week high 0.38 52 week low 0.12 Average daily volume 88,463 Shares
Slide 3: Management Services & Technology
Management Services & Technology For personal use only World leading design, development and management of parking technology Smart Parking leads the world in the design, development and management of intelligent car parking solutions for cities around the globe through two main divisions: Managemen
Slide 4: Key Milestones
FY16: Key Milestones For personal use only Smart Parking has achieved EBITDA profitability while continuing global expansion § EBITDA profitable for the first time § UK Management Services business continues to grow § $5m EBITDA improvement on prior period § Expansion driven by roll out of Smart
Slide 5: Group financial performance
FY16: Group financial performance ($,000’s) For personal use only Smart Parking has delivered strong full year earnings growth & profitability milestone EBITDA $1.35m Normalised EBITDA 3.00 2.18 Dispute fees & settlement ($0.83m) 2.00 1.00 Normalised EBITDA1 $2.18m, improved $4.8m 0.00 $M's (1.00) N
Slide 6: Group financial performance
FY16: Group financial performance ($,000’s) For personal use only Smart Parking annual revenue result continues to grow 35,000 31,758 é é é é é 30,000 Revenue of $31.8m - up 34% 25,000 23,557 21,945 EBITDA of $1.4m – up $5.2m 20,000 15,000 Statutory net loss after tax of 10,000 $1.5m, improved
Slide 7: Profitability changes
FY16: Profitability changes ($,000’s) For personal use only 5,000 1,090 1,285 4,000 3,000 5,695 163 339 2,182 2,000 1,351 1,000 (2,646) 0 (1,000) (2,000) (3,000) Normalised Gross profit in Gross profit in Payroll Costs Exchange Other Normalised EBITDA FY EBITDA FY Services Technology Movements EBITD
Slide 8: Group financial position at June 2016
Group financial position at June 2016 For personal use only $3.4m cash at bank | No debt ($000’s) Jun 2016 Jun 2015 Current Assets and Current liabilities have been impacted by a material reduction in year end balance for Current Assets 11,050 23,856 client cash Non Current Assets 8,929 10,221 Cash
Slide 9: Group cash flow
FY16: Group cash flow For personal use only Smart Parking has improved operating cash flows ($000’s) Jun 2016 Jun 2015 Net operating cash inflow of $2.1m, improved by $6.0m (excluding non recurring payments related to a legal Operating cash flows 798 (4,526) dispute) Investing cash flows (2,398) (1,
Slide 10: UK Management Services
FY16: UK Management Services ($,000’s) For personal use only Continued business turnaround | Technology roll-out | New contract wins é é é é é 30,000 28,380 25,000 Revenue of $28.4m - up 33% 21,406 20,000 EBITDA of $5.3m – up $4.6m 15,000 Deployment of technology on 10,000 new and existing si
Slide 11: UK Management Services customers
FY16: UK Management Services customers For personal use only Key customers retained | Internal team growing Our customers Key contract wins § Lidl UK contract to manage over 30 sites § Matalan UK contract expanded from 28 to 88 sites § McDonald’s UK first site awarded and installed § New sites a
Slide 12: UK Management Services update
FY16: UK Management Services update For personal use only Continued implementation of Automatic Number/License Plate Recognition (ANPR) § ANPR technology continues to be deployed across the UK and Northern Ireland § 120 sites with ANPR technology installed in FY16 § 44 sites confirmed, signed and
Slide 13: Technology
FY16: Technology ($,000’s) For personal use only Expanding across all key markets – AUS, NZ & UK | Strengthening sales capacity é é é é é 6,000 5,000 5,580 Revenue of $5.6m 3,994 4,000 increased 40% on FY15 3,000 Recurring revenue of $1.9m 2,000 increased 49% on FY15 1,000 0 Completed installat
Slide 14: Technology – How it works
FY16: Technology – How it works For personal use only Smart Parking Technology is providing effective parking management solutions Server SmartRep SmartAPI SmartCloud Marshal Variable SmartGuide SmartApp Message Signs Handheld Overhead Pay & Walk SmartTag Sensors SmartLink SmartEye Smart Parking FY1
Slide 15: Technology customers
FY16: Technology customers For personal use only Technology expanding across United Kingdom, Australia & New Zealand Smart Parking Technology customers Smart Parking FY16 Results Presentation 14
Slide 16: Technology update
FY16: Technology update For personal use only Wellington City Council 3,500 sensor order won, installation complete and system live – biggest SPZ installation to date Australian Capital Territory Project to install sensors on street and off street – installation complete and system live Auckland Tra
Slide 17: Technology update
FY16: Technology update For personal use only Mosman Municipal Council Order to supply 1,100 sensors, installation complete, system live Stockland Group (ASX:SGP) Project to install 1,000 sensors - Baulkham Hills Shopping Centre Progressive Enterprises - Part of Woolworths (ASX:WOW) 280 sensors in
Slide 18: Smart Parking: App integration
Smart Parking: App integration For personal use only CamperMate provides local Smart Parking’s infrared Smart Parking sensors Westminster‘s information to those travelling sensors automatically detect detect when a vehicle has ParkRight App extracts around New Z ealand. In July when a car arrives an
Slide 19: Summary
FY16: Summary For personal use only Smart Parking has achieved a successful year of EBITDA growth & expansion é é é é é § EBITDA profitable for the first time in Smart Parking’s history § EBITDA improvement $5.2m in FY16 from FY15 § Revenue growth continues 34% in FY16 from FY15 § UK Manage
Slide 20: FY17: Outlook
FY17: Outlook For personal use only Smart Parking has foundations in place to capture enormous opportunity FY17 growth will be driven by continued roll out technology in the Services business and project wins in the technology division FY17 Services targets include installing over 130 new managed se
Slide 21: Smart Parking Contact
Smart Parking Contact For personal use only Find further information on Smart Parking at www.smartparking.com Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com Smart Parking FY16 Results Presentation 20
Slide 22: Disclaimer
Disclaimer For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s