Slide 1: FY2019 Full Year Results Review
FY2019 FULL YEAR For personal use only RESULTS REVIEW
Slide 2: Agenda
Agenda For personal use only 1. Full year highlights 2. Group financials 3. Operational performance 4. Strategy update 5. Outlook BSA Limited Investor Presentation – FY19 2
Slide 3: Full Year Highlights
Full Year Highlights A strong financial result, combined with the successful . closure of HVAC Build major projects and identified growth opportunities positions BSA for its next phase of growth. For personal use only Strong Continuing Organic Growth Order Book New Markets Innovation Opera
Slide 4: Financial Performance – Continuing Operations
Financial Performance – Continuing Operations Record underlying EBITDA (continuing operations) driven by growth across all operating divisions. For personal use only $469.7m Revenue of $469.7m, up 9.7% on prior year for continuing operational streams (Connect, Maintain & Fire Build) Revenue Recu
Slide 5: The BSA transformation journey
The BSA transformation journey Exit from HVAC Build Major Projects business supports the continued focus on improving For personal use only revenue composition and the quality of recurring revenue. Business Unit Recurring Reported EBITDA Business Unit Revenue Mix 100% Recurring 56% 56% 61% 62% 90% 3
Slide 6: Group Financials
For personal use only GROUP FINANCIALS
Slide 7: Profitability – Continuing Operations
Profitability – Continuing Operations Strong growth in both reported and underlying EBITDA, up 13.7% & 15.2% respectively on prior period. For personal use only Summary (#039;m) FY19 FY18 Change Change % Group Revenue Revenue $469.7 $428.1 $41.6 9.7% (#039;m) EBITDA (reported) $21.8 $19.2 $2.6 13.7% $469.
Slide 8: Cash Flow
Cash Flow Strong cash performance achieving 107% OCFBIT conversion and increased net cash position. For personal use only Cash flow results (#039;m) FY19 FY18 Change EBITDA $10.6 $9.0 $1.6 EBITDA to OCFBIT % Non Cash Items $0.8 ($3.5) $4.3 150% 107% Operating Cash flow before interest and tax 100% $11.
Slide 9: Operational Performance
OPERATIONAL For personal use only PERFORMANCE
Slide 10: Health & Safety Performance
Health & Safety Performance Recent investment and enhancements in safety processes are expected to drive For personal use only continued improvements in Recordable Injuries and safety culture. Focus for the Group continued in maintaining safety culture and increasing awareness of minimum safe work
Slide 11: Segment Results – Continuing Operations
Segment Results – Continuing Operations Revenue, profit and margin growth across all continuing core operating segments. For personal use only Revenue (#039;m) FY16* FY17* FY18 FY19 YOY Mvt Group Revenue (#039;m) Connect 205.7 186.5 249.4 251.5 2.1 500 $469.7 $428.1 Fire Build 20.9 38.2 51.8 66.0 14.2 450
Slide 12: Business Performance – Connect
Business Performance – Connect Strong performance coupled with continued investment to support future growth. For personal use only Summary (#039;m) FY19 FY18 Change Change % Revenue $251.5 $249.4 $2.1 0.8% EBITDA (reported) $19.3 $18.5 $0.8 4.3% EBITDA % 7.7% 7.4% 0.3% Significant Items $1.4 $1.4 - -
Slide 13: Business Performance – Fire | Build
Business Performance – Fire | Build Strong growth in all major financial metrics with leading market position and significant pipeline. For personal use only Summary (#039;m) FY19 FY18 Change Change % Revenue $66.0 $51.8 $14.2 27.3% EBITDA (reported) $5.3 $4.0 $1.3 32.4% EBITDA % 8.0% 7.7% 0.3% Signifi
Slide 14: Business Performance – Maintain
Business Performance – Maintain Significant increase in EBITDA margin coupled with continued revenue growth. For personal use only Summary (#039;m) FY19 FY18 Change Change % Revenue $103.3 $93.5 $9.8 10.5% Maintenance Services $18.6 $17.7 $0.9 5.1% Reactive & Minor Works $65.4 $57.6 $7.8 13.5% Fire Mai
Slide 15: Business Performance – HVAC | Build
Business Performance – HVAC | Build Successful wind down of operations and divestment of remaining workbook in line with strategy. For personal use only Summary (#039;m)* FY19 FY18 Change Change % Revenue $100.8 $134.3 ($33.5) (24.9%) EBITDA (reported) ($11.2) ($10.2) ($1.0) (10.3%) EBITDA % (11.2%) (7
Slide 16: Strategy & Outlook
For personal use only OUTLOOK STRATEGY &
Slide 17: Strategy Update
Strategy Update Our strategy to move to end to end asset management across Property and Telecommunications For personal use only remains unchanged and significant progress was made in key areas during FY2019. To be our clients indispensable partner to design, deliver and manage Vision innovative ass
Slide 18: Current Status Of Our Journey
Current Status Of Our Journey Portfolio restructure completed as well as tangible progress on internal optimisation & sustainable For personal use only organic growth. Journey will continue in FY20 with an enhanced Business Development focus. Exit from construction business 1 HVAC Build Major Projec
Slide 19: Outlook
Outlook Favorable Market Conditions (external factors) For personal use only Buoyant markets & robust pipeline - growth opportunities in existing markets albeit with disruption in the pay TV market continuing Identified potential in untapped target markets (Infrastructure, Asset Management, 5G)
Slide 20: Appendix
For personal use only APPENDIX
Slide 21: Group Financial Results – Continuing vs Discontinued
Group Financial Results – Continuing vs Discontinued Strong growth in continuing operations For personal use only Discontinued operations negatively impacted group earnings for the full year. FY19 Financial Results (#039;m) FY 19 - CO FY 19 - DO Group FY18 - CO YOY Δ - CO Δ% A B A+B C D=A-C D/C Revenue
Slide 22: Important Notice
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 n