Ashley Services Group Ltd. · ASX:ASH

Ashley Services — Shareholder Meeting (November 2017)

9 slides from Ashley Services's shareholder meeting presentation, Nov 2, 2017

  1. Slide 1: Annual General Meeting 2017

    Annual General Meeting 2017 1

  2. Slide 2: Agenda

    Agenda  Opening Address from Chairman – Ian Pratt  Business Update from Managing Director – Ross Shrimpton  Q1 FY18 Financial Results – Chris McFadden  Resolutions as per Notice of Meeting  General Business  Close of Annual General Meeting 2

  3. Slide 3: Q1 FY18 Profit and Loss

    Q1 FY18 Profit and Loss $ million Unaudited Unaudited Audited Audited Audited  Q1 FY18 characterised by strong Labour Q1 FY18 Q1 FY17 H1 FY17 H2 FY17 FY17 Hire performance, reduction in Revenue by segment Corporate costs and a minimal profit out Labour Hire 79.6 67.1 145.0 144.2 289.2 of the reduce

  4. Slide 4: Q1 FY18 Balance Sheet

    Q1 FY18 Balance Sheet Unaudited Unaudited Audited $ million Q1 FY18 Q1 FY17 FY17  Cash balance high at end Q1 due to fully Assets drawn Borrowings late in Q1 due to end Current Assets of month/quarter timing challenges Cash and cash equivalents 7.2 3.9 4.4  Fully repaid in week 2 Q2 Trade and othe

  5. Slide 5: Q1 FY18 Cash Flow

    Q1 FY18 Cash Flow Unaudited Unaudited Audited  Net Cash used in operating activities of $ million Q1 FY18 Q1 FY17 FY17 $1.8m reflects seasonal ramp up of Underlying EBITDA 1.9 2.7 5.7 Labour Hire division Change in working capital (3.8) (7.6) (4.9)  This compares very favourably with Q1 Net intere

  6. Slide 6: Business Update: Labour Hire

    Business Update Labour Hire  Safety record maintained with one Lost $ million Unaudited Unaudited Audited Audited Time Injury (LTI) in Q1 FY18 for an LTIFR Q1 FY18 Q1 FY17 H2 FY17 FY17 of 0.59  Successful integration of one large Revenue 79.6 67.1 144.2 289.2 client during the quarter EBITDA 2.8 1

  7. Slide 7: Business Update: Training

    Business Update Training  Restructured Training Division now $ million Unaudited Unaudited Audited Audited operates with a far reduced range of Q1 FY18 Q1 FY17 H2 FY17 FY17 qualifications on scope, across a reduced geographical distribution Revenue 2.1 11.3 7.2 25.5  Queensland and Western Austral

  8. Slide 8: Proxies Cast

    Proxies Cast Proxy Resolution For Against Abstain Discretion ITEM 2. Re-election of Director: 102,589,545 3,840 83,206 0 Ian Pratt ITEM 3. Election of Director: 102,589,545 3,840 83,206 0 Chris McFadden ITEM 4. Remuneration Report 18,118,706 12,000 83,206 45,256 8

  9. Slide 9: 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 2 November 2017 (“Presentation Date”). No financial advice: The information in this presentation does not constitut

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