Objective Corporation Limited · ASX:OCL
Objective — Shareholder Meeting (November 2010)
8 slides from Objective's shareholder meeting presentation, Nov 22, 2010
Slide 1: AGM November 2010
For personal use only AGM NOVEMBER 2010.
Slide 2: Financial Results FY2010
FINANCIAL RESULTS FY2010 For personal use only • Revenue of $41.5m (up 3%) • Asia Pacific Revenue $28.6m (down 5%) • European Revenue $11.9m (up 28%) • NPAT of $2.1m (down 51%) • R&D Investment of $9.4m (23% of revenue) • Dividend 1.3 cps (unfranked)
Slide 3: Revenue Graph
For personal use only A$’m REVENUE GRAPH
Slide 4: Balance Sheet
FINANCIAL RESULTS FY2010 For personal use only • Balance Sheet – Net assets of $14.5m – Net cash & cash equivalents of $8.2m – Receivables of $15.6m – Fully expensed Research & Development – Goodwill of $6.7m (Limehouse)
Slide 5: Asia Pacific Operations
FINANCIAL RESULTS FY2010 For personal use only • Asia Pacific Operations – Revenue down by 5% – Australian Defence extends long-term contract – Policy creation and stakeholder engagement solutions launched – Successful project outcomes for customers
Slide 6: European Operations
FINANCIAL RESULTS FY2010 For personal use only • European Operations – Continued revenue and profit improvement • 28% increase in revenue • Profitable • Negative impact from approx 30% exchange rate movement – Integration of Limehouse is complete – Significant opportunities with large customer base
Slide 7: Investment in R&D
FINANCIAL RESULTS FY2010 For personal use only • Investment in R&D – $9.4m – Launch of Objective for smart phones – Significant enhancements released in Objective 7.5 • Highly successful international customer conference
Slide 8: FY2011 Outlook
FY2011 OUTLOOK For personal use only • Focus on Public Sector solutions • Improving Asia Pacific outlook • Challenging UK Government market in short term • Further drive of On Line Solutions portfolio • Commitment to Innovation R&D • Commitment to outstanding Customer Service
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