Slide 1: FY15 Results Presentation
Service Stream Limited FY15 Results Presentation For personal use only Leigh Mackender Managing Director 12 August 2015 FY15 Results Presentation
Slide 2: Financial Highlights
Financial Highlights Increase in revenue driven by growth in Fixed Communications For personal use only $411.3m associated with a ramp-up in nbn-related activities Offset by declines in Energy & Water in line with expectation due to conclusion of smart meter rollout in Victoria Revenue up from $
Slide 3: Operational Highlights
Operational Highlights LTIFR For personal use only (rolling 12 months) Continued focus on safety has driven improvements in 6.0 all key metrics: 5.0 4.6 4.6 4.0 – Lost Time Injury Frequency Rate of 1.2 (down from 2.9) 2.9 3.0 2.6 – Total Recordable Injury Frequency Rate of 17.34 (down from 26.51)
Slide 4: Operational Highlights … continued
Operational Highlights … continued For personal use only Recently expanded Mobile Communications’ customer base to include: – Crown Castle; – Networks NSW; and – Nokia Networks Energy & Water secured new field service agreement with AGL’s Active Stream for electricity smart meter deployments [3
Slide 5: Key Financial Measures
Key Financial Measures For personal use only Revenue $m 350 298.0 300 250 228.6 215.0 213.7 197.6 200 174.6 Key financial measures 150 100 50 $ million FY15 FY14 Change 0 1H13 2H13 1H14 2H14 1H15 2H15 Revenue 411.3 389.6 21.7 6% EBITDA 25.4 16.6 8.8 53% EBITDA % 6.2% 4.3% 1.9% Net profit after tax 1
Slide 6: Segment Results
Segment Results For personal use only EBITDA $m 20 Segment results 15.5 14.7 15 10.7 9.0 10 7.5 $ million FY15 FY14 Change 5 0 Fixed Communications 180.6 98.4 82.2 1H13 2H13 1H14 2H14 1H15 2H15 Mobile Communications 154.0 166.9 (12.9) -5 Energy & Water 77.3 124.2 (47.0) -20 -10 Eliminations & Intere
Slide 7: Cashflow Results
Cashflow Results For personal use only Operating Cashflow $m 40.0 31.8 30.0 22.5 Cashflow results 20.0 14.8 10.1 10.0 0.5 $ million FY15 FY14 Change 0.0 1H13 2H13 1H14 2H14 1H15 2H15 EBITDA 25.4 16.6 8.8 -10.0 +/- change in working capital etc. 8.6 34.1 (25.6) -20.0 -19.3 Payments to Syntheo JV 0.0
Slide 8: Business Units Update
Business Units Update For personal use only FY15 Results Presentation
Slide 9: Fixed Communications Update
Fixed Communications Update FY15 Highlights For personal use only Increase in revenue driven by ramp-up in nbn-related activities, most notably customer connections & activations Significant effort in working with nbn on improving the “works to cash” cycle Increased the recruitment, training a
Slide 10: Fixed Communications Update… continued: FY16 Priorities
Fixed Communications Update… continued FY16 Priorities For personal use only Secure additional nbn-related work programs including those associated with nbn’s new multi-technology deployment model (eg FTTN & HFC) Secure renewal/extension of New Developments contract with nbn Continued focus on
Slide 11: Mobile Communications Update
Mobile Communications Update FY15 Highlights For personal use only Secured renewal of wireless design & construction contracts with Telstra & VHA Worked closely with major customers to improve visibility across future works and flow of volumes Increased the diversity of customers and operation
Slide 12: Mobile Communications Update… continued: FY16 Priorities
Mobile Communications Update… continued FY16 Priorities For personal use only Build on recent customer diversity with the mobilisation of new operations and securing additional work volumes Continue working with key clients to improve continuity of work orders Enhancement and expansion of cent
Slide 13: Energy & Water Update
Energy & Water Update FY15 Highlights For personal use only Completed 2,700 residential & commercial Solar PV installations with aggregate capacity >10,000kW Secured renewal of Solar PV installation contract with Origin Energy for a further 3 years Secured new contracts with ATCO Gas (meter ex
Slide 14: Energy & Water Update… continued: FY16 Priorities
Energy & Water Update… continued FY16 Priorities For personal use only Successful renewal of smaller metering contracts which expire during the year Work with Active Stream to maximise year 1 work volumes under the new metering field services contract Work with Origin Energy to maximise volume
Slide 15: Group Strategy & Outlook
Group Strategy & Outlook For personal use only FY15 Results Presentation
Slide 16: Delivered against our strategic plan in FY15
Delivered against our strategic plan in FY15 Underpinning sustainable profitability and growing shareholder value For personal use only Retention of contracts proceeding to market Retained 100% of all major contracts that expired during the year Improve contract and commercial management UNLOC
Slide 17: Group Strategy
Group Strategy Continued execution against the strategic plan in FY16 For personal use only Client Mature Securing Service relationships operating Our people growth delivery model opportunities UNLOCK RECONFIGURE EXTEND value from existing and refine the operating the reach of the core businesses mo
Slide 18: FY16 Outlook
FY16 Outlook The Group is targeting further earnings growth in FY16, For personal use only subject to successfully expanding existing operations and securing new contract works across key clients FY16 Key priorities: – Securing additional works associated with nbn’s new deployment and operating