Ashley Services Group Ltd. · ASX:ASH
Ashley Services — H1 FY2024 Earnings Presentation
8 slides from Ashley Services's earnings presentation, Feb 27, 2024
Slide 1: H1 FY2024 Results
ASHLEY SERVICES GROUP LABOUR HIRE | TECHNICAL SERVICES | TRAINING Labour Hire Technical Services Training Aterion seen -conceot wzwm concept = TSA BTM ete EE: a une jen. conceot Aston wee [Gd Fexonne Sewers ye (2) nationale H1 FY2024 RESULTS Tuesday 27** February 2024
Slide 2: Group Strategy
Group Strategy RESULTS . Actualised and sustainable margin improvements across all companies Best in class safety systems, customer service, and employee satisfaction TRANSITION IN PROGRESS Grow a. Integrate . Solidify Technical Grow Capitalise on margins in system Services horticulture F enhancemen
Slide 3: Group Structure
Group Structure Divisions Sectors Supply Chain Labour Hire Horticulture Retail Companies and Brands ACTION WORKFORCE NSWINZ ACTION WORKFORCE vic ACTION WORKFORCE QLD ACTION WORKFORCE SAINT ACTION WORKFORCE WA + Supply Chain + Logistics + Manufacturing ACTION + Planting + Harvesting + Packing conceot
Slide 4: Foundational improvements
Foundational improvements Grow horticulture and healthcare segments Capitalise on strengths in Training division Grow the Technical Services division Margin enhancement ASHLEY SERV Efficiencies — system, process improvements including Al. Overall cost reduction. Solid progress. Al utilised in recrui
Slide 5: Revenue, EBITDA, NPAT and EBITDA % FY19 - FY24 (H1)
REVENUE FY19 - FY24 (H1) EBITDA FY19 - FY24 (H1) 25.0 5000 549.2 20.1 500.0 409.5 20.0 18.70 a 383.7 15.2 3368 1s0 2908 sooo 2876 97 100 94 200.0 81 100.0 50 I rug Fr20 act Fra rs HLFY24 00 Fyi9 FY20 Fa FY22 FY23 Hi FY24 *H11 24 excludes one-off non-cash impairment charges NPAT FY19 - FY24 (H1) EBIT
Slide 6: Performance Trend by Division
PERFORMANCE TREND BY DIVISION REVENUE by Division FY19 - FY24 (H1) = Labour Hire H1 FY24 Revenue T$26.3m (10.3%) 6000 on pep son ee = OPW contributed $28.4m (nil in pcp) tooo us ° 97 = Underlying hours worked down 5%. No 3000 73 os significant customer losses. Challenging market von conditions. Rate
Slide 7: Ashley Services Group key workforce statistics
or as stated) ASHLEY SERVICES GROUP 31Q Internal Staff down 33 or 10% 2 5 Offices down down 815 or 10% Weekly Workers at peak 7,228 y P 4 Years Tenure Top 20 Customers Zeecece up 0.5 years 8.2 New Zealand 1 * Auckland oo
Slide 8: 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 27 February 2024 (‘Presentation Date"). No financial advice: The information in this presentation does not constitu
Ashley Services Group — H1 FY2024 Earnings Presentation on 6ix