Slide 1: FY16 Half Year Results Review
FY16 HALF YEAR For personal use only RESULTS REVIEW
Slide 2: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS REVIEW OUTLOOK Australian Catholic University (ACU) Technical Maintenance Services were awarded the HVAC and Electrical Maintenance contract to service all ACU campuses in Australia. 2
Slide 3: Half Year Highlights
Half Year Highlights Revenue $257.7m (H1 2015 : $265.9m), EBITDA $5.2m (H1 2015: $6.7m) For personal use only Underlying EBITDA $8.0m (H1 2015: $7.4m) First half includes restructure costs, legal costs and provisions relating to legacy issues Improving NPAT $1.1m (H1 2015: $1.6m) Underlying
Slide 4: Half Year Results
Half Year Results Summary ($000) H1 2015 H1 2016 For personal use only Revenue 265,929 257,707 Revenue $257.7m (H1 2015: $265.9m) EBITDA 6,708 5,162 EBITDA % 2.5% 2.0% EBITDA of $5.2m (H1 2015: $6.7m) Depreciation 3,395 2,687 Underlying EBITDA of $8.043m (H1 2015: $7.4m) Amortisation 720 720 E
Slide 5: Cash Flow, Net Debt and Funding
Cash Flow, Net Debt and Funding For personal use only H1 H1 Low leverage maintained Summary ($000) 2015 2016 Net Cash position of $9.2m at 31st December 2015 Net cash outflow – (59) (8,511) H1 cash outflows were forecast and are predominantly due to: operations Net cash – at end of period 19 9
Slide 6: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS REVIEW OUTLOOK Australian Electoral Commission Technical Maintenance Services was recently awarded a contract to deliver HVAC and electrical services for Australian Electoral Commission 6
Slide 7: Health & Safety Performance
Health & Safety Performance For personal use only BSA Group-Monthly Total Recordable Injury Frequency Rate - Trend Improving 45.00 40.00 35.00 30.00 25.00 20.00 15.00 10.00 5.00 - BSA Group Goal Linear (BSA Group) Continued reduction in Lost Time Injuries through 2015 with a resulting change to To
Slide 8: Business Units – Half Year Review
Business Units – Half Year Review TFFS Technical Field Force Solutions For personal use only Communications, Revenue $98.8m (H1 2015: $100.2m). EBITDA $3.3m (H1 2015: $2.1m) installation and Awarded major 4 year nbn operations and maintenance contract estimated at $240m maintenance services for
Slide 9: Business Units Outlook
Business Units Outlook For personal use only Technical Field Force Solutions Significant bidding activity continuing across new and existing clients Continuing diversification of skills mix underpinning broader market penetration Further enhanced technical skills to increase vertical client of
Slide 10: FY16 - Year of Consolidation
FY16 -Year of Consolidation Objective Status For personal use only • Secure longer term funding • New 3 year banking agreement signed January 2016 Stable • Working capital management • Metrics embedded within business units Foundation • Maintain low leverage • Continued repayment of term debt • Stre
Slide 11: Continued Growth Focus
Continued Growth Focus For personal use only FY16 revenue on target for $500m Revenues H1 2016 Major new wins replacing large project wind down Continued significant investment in business development TFFS TDCP Strong pipeline of opportunities across the Group 38% 48% pcp 38% pcp 48% Conti
Slide 12: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS REVIEW OUTLOOK Macarthur Square Shopping Centre, Campbelltown Technical Design & Construction Projects (TDCP) were awarded the project in conjunction with Lend Lease 12
Slide 13: Building a More Resilient and Profitable Business
Building a More Resilient and Profitable Business For personal use only We are reshaping BSA into a more profitable leader in each of our chosen businesses Balanced business Leadership Technical leadership in the Right sized cost base industries in which we operate Improved gross margins Str
Slide 14: Outlook
Outlook Operations For personal use only Continued focus on sustainable improvement in margins with further significant restructure costs continuing in H2 Mobilisation of key contract wins including nbn operations and maintenance contract Resolution of 2 remaining legacy issues (NSW OSR issue
Slide 15: Important Notice
Important Notice For personal use only This presentation has been prepared by BSA Limited (the “Company”) and provides general background information about the Company’s activities. That information is current at the date of this presentation. The information is a summary and does not purport to be