Peoplein Limited · ASX:PPE
Peoplein — People Infrastructure — FY2018 Earnings Presentation
22 slides from Peoplein's earnings presentation, Aug 24, 2018
Slide 1: People Infrastructure Ltd 2018 Annual Results
For personal use only PEOPLE INFRASTRUCTURE LTD 2018 ANNUAL RESULTS August 2018|
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by People Infrastructure Ltd (Company) together with its related bodies corporate (People Infrastructure). The material contained in this presentation is intended to be general background information on People Infrastructure and it
Slide 3: Table of Contents
For personal use only TABLE OF CONTENTS Section 1: Summary 3 Section 2: Business Overview 5 Section 3: FY18 Results 13 Section 4: Outlook 17 Appendices 20 3
Slide 4: FY18 Overview
FY18 OVERVIEW For personal use only People Infrastructure has had another successful year… • Australia’s largest listed workforce management company 1 • Diversified exposure to outsourced HR services across the Australian and NZ economy • 13,695 employees paid throughout the year • Strong financial
Slide 5: Growing Shareholder Returns
GROWING SHAREHOLDER RETURNS For personal use only Revenue Growth 2015 – 2018 EBITDA Growth 2015 – 2018 15.4% CAGR 12.1% CAGR NPATA Growth 2015 – 2018 Number of Employees Payrolled 13.8% CAGR 13.1% CAGR Notes: Revenue, EBITDA and NPATA normalized per criteria provided for in prospectus for FY15 – FY1
Slide 6: Section 2: Business Overview
SECTION 2: BUSINESS OVERVIEW For personal use only
Slide 7: Overview of People Infrastructure
OVERVIEW OF PEOPLE INFRASTRUCTURE For personal use only Delivering innovative solutions to the workforce challenges faced by businesses in Australia and New Zealand COMPANY SNAPSHOT Well-established workforce management company, providing contracted staffing and human resources (HR) outsourcing serv
Slide 8: Diversified Workforce Management Company
DIVERSIFIED WORKFORCE MANAGEMENT COMPANY For personal use only • Diversified across Australia and recently grown organically in New Zealand • Diversified by industry with approximately 50% of the business being generated from non cyclical industries Gross Profit by State FY18 Gross Profit by Industr
Slide 9: Sustainable Competitive Advantages
SUSTAINABLE COMPETITIVE ADVANTAGES For personal use only Why is People Infrastructure a Leader in the Workforce Management Sector? INDUSTRY LEADING • Significant investment in creating an industry leading technology platform TECHNOLOGY • Proprietary end-to-end workforce management system; digital op
Slide 10: Industry Opportunity
INDUSTRY OPPORTUNITY For personal use only Further significant growth potential Healthcare market is largely fragmented in Australia • Estimated market size of $2.64bn • Growing at 5%+ • People Infrastructure well positioned as the largest provider of community services employees in Australia and th
Slide 11: Focus on Safety
FOCUS ON SAFETY For personal use only Embedded culture of safety first People Infrastructure has an embedded culture of safety first that drives a better outcome for its staff, clients and the company. The charts below show People Infrastructure workcover rates as a percentage of the industry rate i
Slide 12: Servicing the Information Technology Sector
SERVICING THE INFORMATION TECHNOLOGY SECTOR For personal use only Recon Group • People Infrastructure acquired 50% of Recon Solutions and Recon Technology in January 2018 • Business performing ahead of expectations • Actual EBITDA contribution of $549K was 37% higher than forecast EBITDA contributio
Slide 13: Expansion into Nursing
EXPANSION INTO NURSING For personal use only Network Nursing Agency • People Infrastructure acquired 100% of Network Nursing Agency and Australian Healthcare Academy on 20 August 2018 • Network Nursing Agency was established in 1997, and is a leading Sydney-based nursing agency specialising in suppl
Slide 14: Section 3: FY18 Financial Results
SECTION 3: FY18 FINANCIAL RESULTS For personal use only
Slide 15: Pro Forma Income Statement
PRO FORMA INCOME STATEMENT For personal use only Pro Form a Pro Form a Growth Pro Form a Growth 14% REVENUE GROWTH $'000 FY2017 FY2018 Forecast FY2018 • Growing demand from existing clients Revenue 191,986 219,400 14.3% 214,196 2.4% particularly in high growth sectors Other income 180 - 286 • Contin
Slide 16: Balance Sheet
BALANCE SHEET For personal use only $'000 30-Jun-18 STRONG CASH FLOW RESULTING IN LOW NET DEBT POSITION • Relatively low level of net debt at 0.59x EBITDA Cash and cash equivalents 4,807 Trade and other receivables 28,393 • Capacity to deliver on growth strategies Investments 3,257 Plant and equipme
Slide 17: 2018 Cash Flow
2018 CASH FLOW For personal use only STRONG OPERATING CASH FLOW $'000 Statutory FY 2018 Receipts from customers 236,827 • Strong cash flow conversion of 126% of statutory Payments to suppliers and employees -226,117 NPAT Interest received 10 • Table has not been normalised to exclude IPO costs Divid
Slide 18: Section 4: Strategic Outlook
SECTION 4: STRATEGIC OUTLOOK For personal use only
Slide 19: 2019 Outlook
2019 OUTLOOK For personal use only Focus on organic growth and strategic acquisitions Staff Investment Continued investment in people throughout the business National infilling Expand existing brands into existing People Infrastructure markets throughout Organic Growth Australia eg nursing, IT, etc
Slide 20: Community Support
COMMUNITY SUPPORT For personal use only An active participant in our community We pride ourselves on sponsoring charities and supporting local communities and have done so for many years. People Infrastructure sponsors numerous events such as the Great Endeavour Rally and numerous company awards, in
Slide 21: Appendices
For personal use only APPENDICES
Slide 22: Statutory Reconciliation to Trading Results
STATUTORY RECONCILIATION TO TRADING RESULTS For personal use only A$000 FY2018 • Net finance costs were higher than forecast. This was due to Statutory NPAT 5,171 higher invoice financing drawdown in the period prior to the IPO Acquisition costs 40 as a result of a different capital structure Fair v