Slide 1: Business Update
Smart Parking Limited (ASX:SPZ) Business Update 30 June 2020 CEO Paul Gillespie smartparking.com
Slide 2: Business Update – COVID-19 Impact and emerging recovery
Business Update – COVID-19 Impact and emerging recovery 60% 78% 107 New sites added in FY20, Car volume down in first week of UK lockdown *Week commencing 30 March on pre-COVID-19 PBNs down in first month of UK lockdown *Compared to pre-COVID-19 PBN issuance 35 More committed in Q1 FY21 car count 87
Slide 3: COVID-19 Impact
COVID-19 Impact | Impact of lockdown on SPZ and driver behaviour • 60% drop in car volumes vs pre-lockdown • 78% drop in PBNs vs pre-lockdown Higher drop in PBNs due to: • Shorter customer stay time • Lower contravention rate • Site closures during lockdown • Higher cancellations for NHS and essenti
Slide 4: COVID-19 Response
COVID-19 Response | Proactive measures to ensure SPZ can sustain a protracted downturn Proactive initiatives have an annualised reduction in costs of AUD$6.7m: • Reduction in fees for Directors of 40% • Salary reduction of CEO, CFO and CTO of 20% • Salary reduction of all other staff of between 10%
Slide 5: UK Estate Update
UK Estate Update | Car count fell 60% in lockdown – rebounded 87% since COVID-19 lows PBNs Issued vs Car Count 40,000 10,000,000 23 March 9,000,000 UK lockdown 35,000 commences 8,000,000 30,000 7,000,000 15 May 25,000 UK commences 6,000,000 easing restrictions 20,000 5,000,000 1 June 4,000,000 15,00
Slide 6: UK Site Growth
Si te s at 30 Ju n 20 18 286 Si te s at 30 Ju n 20 19 389 H already in Q1 FY21 1F Y 20 A dd iti on s 85 H 1F Y 20 R UK Site Growth em ov al s (22) Si te s at 31 D ec 20 19 452 H 2 FY 20 A dd iti ons 56 H 2 FY 20 R em ov | 107 new sites added in FY20 with 35 new committed sites al s (12) Si te s at 3
Slide 7: Technology
Technology | Business continuing - $3.2m of contracted orders • Strong inbound interest during lockdown. Recent wins include City of Marion (405 sensors) and Wyndham City Council (2,008 sensors). • Tender activity with Local Authority increased during COVID-19. • Supply chain back to full capacity.
Slide 8: Emerging Recovery
Emerging Recovery Management Services | UK Technology | Global • 60% drop in car count vs COVID-19 • Delays to project installations due pre-lockdown average IMPACT to lockdown rules across all SPZ • 78% drop in PBNs issued vs operating territories pre-lockdown average • Restructure of the technolog