Slide 1: FY2015 Results Presentation
FY2015 Results Presentation March 2016
Slide 2: Corporate Headlines
Corporate Headlines Capital Structure Shareholders Share Price (11 Mar 2016) $1.70 Founder -David Dicker 60.6m 38% Fully paid ordinary shares 159.4m Founder -Fiona Brown 54.0m 34% Options 0.0m Free Float 44.9m 28% Market Capitalisation $271.1m Cash (31 Dec 2015) $15.8m 1 year Share Price $2.40 ASX:
Slide 3: Our Success
Our Success $1,077.6m Revenue Gross Profit $103.5m $936.5m $82.1m $662.8m $54.2m $455.9m $451.6m $384.0m $34.0m $37.4m $27.4m FY11 FY12 FY13 FY14 Jan-Dec14 FY15 FY11 FY12 FY13 FY14 Jan-Dec14 FY15 * $42.6m $31.6m* EBITDA Operating Profit before Tax * $25.4m * * $20.6m $15.4m $13.3m $14.3m $16.1m $17.
Slide 4: 2015 Results Highlights
2015 Results Highlights • FY15 was a consolidation year being the first full year after the Express Data Holdings (ED) acquisition in April 2014 and the first full reporting period for a December year end. • Revenue milestone was achieved with group revenue in excess of $1 billion and in line with o
Slide 5: Sources of Revenue Growth 2015
Sources of Revenue Growth 2015 160 $1.8m $114.1m ($27.1m) $16.9m 140 $12.5m 120 100 80 60 40 $22.9m 20 0 Existing (Pre-EDH) EDH Vendors EDH Divestments Other 2014 Vendor 2015 Vendor Other revenues Vendors Additions Additions
Slide 6: Full Year Results to Dec 2015
Full Year Results to 31 Dec 2015 Key Financial Data (in $m) • Revenue growth includes the impact of a full year of the Express Data acquisition - (versus 9 months of trade in 12 months to: Dec-15 Dec-14 Variance 2014). • Organic growth experienced in both the pre-ED Total Revenue 1,077.6 936.5 15.1%
Slide 7: New Zealand Trading Results
New Zealand Trading Results Key Financial Data (in $m NZD) 12 months 9 Months • Revenue growth includes the impact of a full year of Dec-15 Dec-14 Variance the Express Data acquisition - (versus 9 months of trade in 2014). Total Revenue 133.5 112.8 18.4% • During 2015 the NZ Government (largest Cisc
Slide 8: Sources of Profit Growth
Sources of Profit Growth $10.5m ($6.5m) 13% ($0.9m) ($0.3m) $31.6m $13.6m $15.4m FY 14 Operating Margin on revenue Margin quality Variable Operating Fixed Operating Financing Costs FY 15 Operating Profit* growth improvement Costs Costs Profit* *Excludes restructuring and non-recurring costs
Slide 9: Balance Sheet
Balance Sheet Net Assets (in $m) Dec-15 Dec-14 Cash and equivalents 15.8 3.7 • Investment in working capital increased as at end of Accounts receivable 164.0 146.1 December with increases in accounts receivable and Inventory 116.3 84.6 inventory balances. Other current assets 0.0 1.8 Total current a
Slide 10: Cash Flow
Cash Flow Source and Application of Cash Open Cash • The company finished the trading year with $3.7m $15.8m in cash. $42.6m EBITDA • Cash from operations was impacted by increased -$11.3m Net Interest & Tax Operating investment in working capital. Cash Flows -$53.9m Working Capital Movement • At th
Slide 11: Capital Management
Capital Management Source of Capital December 2014 • The company has taken a very active approach to capital Retained Earnings, management during 2015 and sought to vary the source and $21.7m tenure of it’s debt and equity profile. • In March the company issued a 5 year unsecured corporate bond, rai
Slide 12: 2016 Guidance
2016 Guidance • After a consolidation year during FY15 the company is well placed for FY16 to achieve both revenue and profit growth. • We are forecasting revenue growth at just over 10% which is expected to be as a result of organic growth and full year contribution from new vendors, plus partial c
Slide 13: Dividends
Dividends Record Payment Dividend Type Amount • Total dividends declared for FY15 were 14.2 cps Date Date (CPS) Franked with final dividend for FY15 payable 16 March 2016 at 4.0 cps. 17-Jun-15 26-Jun-15 0.027 Interim 100% • For FY16 the company intends to streamline it’s dividend payment policy by p
Slide 14: 2016 Opportunities
2016 Opportunities Australia • We will continue to invest in our cloud strategy, onboarding traditional and non-traditional IT vendors with strong cloud product offering. We are also investing in internal resourcing and structures to ensure we offer best channel cloud enablement programs to our part
Slide 15: 2016 Opportunities
2016 Opportunities New Zealand • Consolidation in 2016 after a transition year in 2015 with the company re-branding, on-boarding a new ERP system and adding new vendor relationships. • Continue strengthening our position as leading enterprise distributor in NZ by adding to our suite of strong enterp
Slide 16: Cloud Strategy
Cloud Strategy Public-Presented Acknowledging the industry transformation to the cloud Dicker Data has invested in: Cloud • CloudPortal, an industry leading web platform launched Aug 2015 • Integrated into existing website leveraging our traditional business • Consolidated procurement and management
Slide 17: Further Information
Further Information Contact Information David Dicker – david.dicker@dickerdata.com.au Mary Stojcevski – mary.stojcevski@dickerdata.com.au Vladimir Mitnovetski – vlad.mitnovetski@dickerdata.com.au
Slide 18: Disclaimer
Disclaimer This presentation has been prepared by Dicker Data Ltd (ACN 000 969 362). All information and statistics in this presentation are current as at 14 March 2016 unless otherwise specified. It contains selected summary information and does not purport to be all-inclusive or to contain all of