Service Stream Limited · ASX:SSM

Service Stream — H1 2014 Earnings Presentation

7 slides from Service Stream's earnings presentation, Feb 17, 2014

  1. Slide 1: HY14 Results Presentation

    Service Stream Limited HY14 Results Presentation For personal use only 17 Feb 2014

  2. Slide 2: Overview

    Overview  Return to profitability underway, 1H14 result in line with expectation. For personal use only  Execution of Deed of Variation on 18 July 2013 provides certainty of exposure to Syntheo Joint Venture. Payment of $10.0m during 1H14 in accordance with agreement.  Repayment of $10.0m of borr

  3. Slide 3: Key financial trends

    Key financial trends: Solid 1H14 results with a strong focus on cash flow & capital management For personal use only Revenue ($m) Net Debt ($m) 350 60 300 50 250 1H14 revenue of $215.0m 40 Net debt reduced by 200 with slight reduction from 30 $13.9m, debt facilities 150 previous half relating secure

  4. Slide 4: Business Unit Overview

    Business Unit Overview Executing on operating priorities For personal use only  Fixed Communications’ recovery plan in line with expectations – Leadership strengthened through restructuring – Focus on fixed-cost reduction to reduce exposure to volume variability – Continue to work closely with NBN

  5. Slide 5: Segment results

    Segment results: EBITDA EBITDA Net Change 1H14 1H13 For personal use only % % change % Fixed Communications 42.7 63.6 (20.9) Mobile Communications 99.2 136.0 (36.8) Energy & Water 73.5 97.6 (24.1) Inter-company revenue (0.5) (0.5) (0.0) Interest received 0.1 1.3 (1.2) Total Revenue 215.0 298.0 (83.0

  6. Slide 6: Cashflow results

    Cashflow results: Working Capital % For personal use only $ million 1H14 1H13 of Revenue 20% EBITDA 7.5 15.5 +/- change in working capital etc 10.7 (4.2) OCFBIT1 18.2 11.2 15% Net tax refund/(paid) 0.0 12.0 Net interest paid (3.4) (0.7) Operating cash flow 14.8 22.5 10% Proceeds from sale of assets/

  7. Slide 7: FY14 outlook

    FY14 outlook For personal use only  Board confirms guidance of approximately $20.0m EBITDA (subject to the timing of customer demand in H2), having delivered $7.5m in the first half.  Priorities in the second half are: – working with customers to secure greater certainty over volumes. – renewing /

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