Cpt Global Limited · ASX:CGO
Cpt Global — Investor Presentation (October 2013)
20 slides from Cpt Global's investor presentation, Oct 16, 2013
Slide 1: CPT Global Limited Investor Presentation
Independent Experience For personal use only CPT Global Limited Investor Presentation October 2013 Gerry Tuddenham – Chief Executive Officer Elliot Opolion – Chief Financial Officer
Slide 2: Financial Summary
For personal use only Financial Summary $m FY’13 FY’12 % Change Revenue 35.1 39.5 (11.1) EBITDA 1.1 0.6 80 EBIT 0.9 0.4 102 PBT 0.7 0.4 80 NPAT 0.3 0.6 (47) EPS (Cents) 0.88 1.66 (47) Dividend (Cents) - 1.5 - 2
Slide 3: Our Business
Independent Experience For personal use only Our Business
Slide 4: The Company
The Company • Founded in Australia in 1993, listed on the ASX in 2000 For personal use only • Provides specialist IT consultancy services – Technical – IT Management • Client base in public and private sectors • The value proposition of CPT Global is the optimisation of IT cost structures • 150 - 20
Slide 5: Global Operations
Global Operations • Australia– 50+ clients For personal use only Melbourne Sydney Canberra • Europe – 15+ clients Great Britain France Germany Italy Nordic Region • Americas – 15+ clients USA Canada Brazil • Asia – 5+ clients Singapore China Macau South Korea 5
Slide 6: Service Evolution
Service Evolution AUSTRALIA NORTH AMERICA EUROPE ASIA & SOUTH AMERICA For personal use only Cost Optimisation / Performance Tuning Capacity Planning SERVICES Testing Technical Services Management Consulting Success Fee Based CONTRACT TYPE Fixed Price Time & Materials Financial Services Telecommunica
Slide 7: Revenue mix is changing
For personal use only Revenue mix is changing Regional contribution to Revenue 2010 2013 2014 F 20% 1% 23% 1% 16% 10% 11% 22% 54% 74% 68% Australia Europe North America Asia / South America 7
Slide 8: Europe and North America
For personal use only Europe and North America • Europe & North America now gaining real traction as result of long term investment strategy • 4-year CAGR including FY’14 forecast - North America 28% - Europe 16% • Overseas revenues now benefiting from weaker AUD 10 European Revenue 10 North America
Slide 9: Our Operations
Independent Experience For personal use only Our Operations
Slide 10: Industry Size
For personal use only Industry Size • The current Australian ICT spend of approximately A50bn+, is approximately 1% of the global spend • In 2008 it was estimated that there were 14 million MIPS of computer consumption used worldwide. This has more than doubled since then with the continued growth o
Slide 11: Estimated MIPS by region
Estimated MIPS by region MIPS under management For personal use only 500,000 450,000 400,000 350,000 300,000 MIPS 250,000 200,000 150,000 100,000 50,000 0 Negotiating Negotiating Phase 1 Phase 2 Phase 2 Phase 1 Phase 1 Phase 2 Phase 2 Phase 1 Phase 1 Phase 1 Phase 2 Phase 1 Phase 2 Phase 2 Phase 2 C
Slide 12: Achievements
For personal use only Achievements International Australia • 10 new clients in Europe and North America • Export development award (3rd time) • New contracts in Europe with 3 major banks • Continued enhancement of service solution - move from service billing to solution • New contracts in North Amer
Slide 13: Our Results
Independent Experience For personal use only Our Results
Slide 14: Profit & Loss
For personal use only Profit & Loss $m FY'13 FY'12 • EBITDA up by 80% Total Revenue 35.1 39.5 • EBIT up by 102% Total EBITDA 1.1 0.6 • PBT up by 80% D&A (0.2) (0.1) • NPAT and EPS fell due to impact of tax differences in overseas jurisdictions and an under provision of tax EBIT 0.9 0.4 relating to F
Slide 15: Regional performance by halves
Regional performance by halves For personal use only First Half Second Half • Steady revenues & margins in Australia • Australian revenues declined due to large corporate and government IT spend • International revenues and profits declined: reductions and delays due to elections - Phase 1 project c
Slide 16: Balance Sheet
Balance Sheet Balance Sheet FY'13 FY'12 For personal use only Cash 1.2 1.1 Debtors 6.0 7.1 • Nil debt Unbilled revenue 3.8 3.9 Total Current Assets 11.5 12.7 • Clean balance sheet PP&E 0.1 0.2 Intangibles 7.6 7.3 • Franking credit balance at 30 June 2013 is Total Non-Current 8.9 8.4 $2,069k Total As
Slide 17: Our Future
Independent Experience For personal use only Our Future
Slide 18: Opportunities & Challenges
For personal use only Opportunities & Challenges International Australia Opportunities • Strong business pipeline • New government is likely to release Canberra project freeze • Weakening AUD • Continued enhancement of service solutions • Asian market - first Phase 2 project with Chinese bank • Expa
Slide 19: Growth Strategy
For personal use only Growth Strategy International Australia • Realise business development investments • Maintain position and protect margins in & global account relationships tough market • Achieve 50% of revenues from international • Focus on blue chip clients client base • Deliver on high valu
Slide 20: Outlook
For personal use only Outlook International Australia • Meaningful US economic growth and market • Revenue likely to be under pressure sentiment should drive investment • Margins to be preserved • Commencement of delayed European and North American client engagements • Continued enhancement of servi