Shine Justice Ltd. · ASX:SHJ
Shine Justice — Shine Corporate — H1 FY2015 Earnings Presentation
15 slides from Shine Justice's earnings presentation, Feb 27, 2015
Slide 1: Shine Corporate Ltd 2015 Half-Year Results Presentation
For personal use only SHINE CORPORATE LTD 2015 Half-Year Results Presentation 27 February 2015
Slide 2: Agenda
AGENDA For personal use only • Introduction • Achievements • Half-Year FY15 Results YOU’VE • Business Improvement COME TO THE RIGHT PLACE Initiatives • Acquisition Update • Reform Update • FY15 Priorities 2
Slide 3: Introduction: Group Holding Company
INTRODUCTION For personal use only Group Holding Company • 4 law firms and other interests • Ongoing growth – organic and acquisitions • Diversification into emerging practice litigation • Continued clear vision and systems to grow 3
Slide 4: Introduction: Values driven business
INTRODUCTION For personal use only • Values driven business – “Right Wrong” • Decentralised national operation • Australia’s third largest plaintiff litigation firm founded in 1976 • Customised case selection and case management processes 4
Slide 5: Introduction: Acquired law firms
INTRODUCTION For personal use only • Personal injury law firm operating in Western Australia since 1983 • Acquired 1 July 2014 • Law firm specialising in land owner compensation • Offices in Townsville, Roma and Brisbane • Acquired 1 July 2014 • Law firm specialising in personal injury • Office in B
Slide 6: Introduction: Other Interests
INTRODUCTION For personal use only Other Interests • RWWNZ - NZ joint venture specialising in disaster recovery claims • Partnership with Erin Brockovich in the United States managing enquiries and assisting claimants seeking legal remedy where appropriate 6
Slide 7: Key Practice Areas
KEY PRACTICE AREAS For personal use only PRACTICE AREAS Personal Workers’ compensation Injury Motor vehicle accidents Litigation Medical negligence Public liability Product liability Professional negligence Environmental Emerging Disability insurance & superannuation Practice Class actions Litigatio
Slide 8: FY15 H1 Achievements
FY15 H1 ACHIEVEMENTS For personal use only • Revenue growth of 29% over prior corresponding period • Normalised EBITDA* growth of 24% over prior corresponding period • Emerging Practice Areas – Revenue grew 68% to $14.6m • Finalisation of Emanate, Browne & Sciaccas acquisitions • Completion of 1 for
Slide 9: FY15 H1 Results
FY15 H1 RESULTS For personal use only Measure FY15 FY14 % change to PCP Revenue# $73.0m $56.6m ↑29% Normalised EBITDA* $22.0m $17.7m ↑24% Normalised NPAT^ $14.1m $11.4m ↑24% Operating cash flow $2.2m $0.0m ↑ Interim Dividend 2.00 cents 1.75 cents ↑14% Normalised EPS^ 8.24 cents 7.21cents ↑14% *Norma
Slide 10: Business Improvement Initiatives
BUSINESS IMPROVEMENT INITIATIVES For personal use only • T2 business improvement project progressing • Continuous improvement to existing Shine Case Management o Firm wide review and refinement of key processes o Updating of process documentation o Re-training in key processes (WIP management, clien
Slide 11: Acquisition Update
ACQUISITION UPDATE For personal use only Emanate Legal and Stephen Browne Personal Injury Lawyers • Acquisitions announced in June 2014 • Completed in July 2014 • Capital raising of $29.5m via a 1 for 10 entitlement offer completed in July 2014 • Contributing to earnings and cash flow from 1 July 20
Slide 12: Acquisition Update: Pipeline
ACQUISITION UPDATE For personal use only • Several acquisition prospects in the pipeline • Continuing to focus on damages based loss recovery - ‘Inch wide mile deep’ strategy: o Widen geographic footprint o Continue to grow Emerging Practice Areas o Take advantage of scalable model • File purchases
Slide 13: Reform Update
REFORM UPDATE For personal use only Workcover Queensland • Anniversary of legislative changes reached • Confirm prior disclosure of forecast impact of $2m to $2.5m NPAT • Continuing with offset strategies in FY15 13
Slide 14: FY15 Priorities
FY15 PRIORITIES For personal use only • Shine brand returns on spend • Key legal processes • Organic and • Staff incentive programs acquisition growth • FY15 guidance of $42.5m - $47m • T2 • Overhead expense optimisation 14
Slide 15: Questions?
QUESTIONS? For personal use only For more information please visit: www.shine.com.au THANK YOU 15