Atturra Limited · ASX:ATA
Atturra — FY2022 Earnings Presentation
23 slides from Atturra's earnings presentation, Aug 30, 2022
Slide 1: FY22 Full Year Results
FY22 Full Year Results 30 AUGUST 2022 CONTACT DETAILS Stephen Kowal Richard Shaw Chief Executive Officer and Executive Director Chief Financial Officer 02 9657 0999 02 9657 0999 stephen.kowal@atturra.com richard.shaw@atturra.com A copy of the presentation is attached. This presentation has been auth
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer The material in this presentation is general background information about Atturra Limited (34 654 662 638) (Company) and its activities current as at the date of this presentation, 30 August 2022. It is information given in summary form and does not purport to be comp
Slide 3: Agenda
Agenda |Results Overview |Business Overview |Financial Performance |Outlook FY22 Full Year Results 3
Slide 4: CEO statement: solid result exceeding forecast at time of IPO
“I am pleased to announce a solid result exceeding our forecast results at the time of IPO. Our result clearly demonstrates the inherent strength and relevance of our strategy of ensuring we have leadership positions in key technologies and industries. Revenue increased by 37% pcp to $134.6M. Underl
Slide 5: Business Overview
Business Overview FY22 Full Year Results 5
Slide 6: Vision and opportunities
Vision and opportunities Atturra aims to be Australia’s leading Advisory and IT solutions provider. We will achieve this by focusing on these strategies: Our industry strategy is to focus on industries in Our technology strategy is to focus on: which there is: • high growth technologies so it can gr
Slide 7: Industry Focus for specialist IT services
Industry Focus for specialist IT services Customer sector Core customer FY22 progress by industry demands Local | Successfully completing significant projects across Australia and New Zealand, we are now Government INFOR’s largest partner in this space. Atturra has now worked with over 120+ councils
Slide 8: Business overview
Business overview Continuing demand in our Advisory & Consulting services with strong growth, and expanded capability in the key Advisory & Consulting Government Industry Capabilities. Expanded into the Manufacturing industry through the acquisition of Kettering. New Partnerships with Infor (#1 Busi
Slide 9: FY22 Acquisitions
FY22 Acquisitions August 2021 June 2022 FY22 Contribution FY22 contribution Revenue: $5.2M Revenue: $0.7M Withdrew from SID March 2022 FY22 contribution Revenue: $1.6M 9 FY22 Full Year Results
Slide 10: FY22 achievements
FY22 achievements New wins for Sole Consulting Three Successful Award-winning Finalist for AFR, Managed partner Acquisitions CRN and ARN Services rewards Mentum Systems Displacing Tier for Semestry, (Aug 21) APJ Partner Award Most 1 incumbents Berger Levrault for Boomi Innovative Kettering and QAD i
Slide 11: Atturra's rapidly growing client base
Atturra’s rapidly growing client base Our business continues to expand with over 90 new clients in the financial year, some of which are below. 11 FY22 Full Year Results
Slide 12: Financial Performance
Financial Performance FY22 Full Year Results 12
Slide 13: Atturra FY22 Financial Highlights
Atturra FY22 Financial Highlights Atturra Results Revenue growth 37% on pcp $134.6m $12.4m EBIT growth of 29% on pcp (99% underlying) Revenue EBIT Strong Balance Sheet – Well placed to acquire with cash $13.8m $9.5m balance of $35m EBIT NPAT (underlying) (underlying) NPAT (underlying) growth of 93%
Slide 14: Financials Snapshot
Financials Snapshot Consolidated Revenue *Underlying EBIT ($m) and Margin (%) 10.3% 134.6 7.1% 98.3 76.0 4.2% 13.8 64.8 7.0 0.3% 3.2 0.0 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 EBIT EBIT Margin % Gross Profit ($m) and Margin (%) EBITDA ($m) and Margin (%) 9.3% 34.6% 30.1% 25.1% 23.8% 5.4% 46.4 2.4%
Slide 15: Revenue Bridge
Revenue Bridge* Increase Total $17,384 $134,682 Strong Revenue growth of 37% pcp, driven $11,424 by a mix of organic and inorganic growth $7,535 made up of : $98,339 | Organic growth 18%, inorganic growth 19% | $7.5M Revenue as a result of the Acquisition of Mentum (August 21), Kettering (March 22)
Slide 16: FY22 Financial Results
FY22 Financial Results FY22 FY21 % | 37% increase in revenue to $134.6m Revenue from customers | Quality of business has improved, Gross 134,579 98,339 37% margin increased by 4% to 34% EBIT 12,355 9,578 29% | Improved profitability, 99% increase in EBIT (Underlying) underlying EBIT to $13.8m 13,811
Slide 17: Balance Sheet
Balance Sheet 30 June 2022 30 June 2021 % Change Cash 35,130 17,328 103% | $24.8m cash raised in IPO ($20.9m after costs and payment to exiting Receivables and Other CA's 35,979 23,495 53% shareholder) Lease Asset 5,887 3,275 80% Plant & Equipment 141 281 (50%) | Goodwill increased by $22.6m to $30.
Slide 18: Cash Flow
Cash Flow (AUD $,000) FY22 FY21 % Change | $10.2m Cashflow to operations impacted by payment timing and seasonality. Opening Cash 17,328 8,799 97% | Investment in subsidiaries, net of cash Cashflows from operations 10,170 17,522 (42%) acquired: Mentum (August 2021), Kettering (March 2022) and Hayes
Slide 19: Outlook
Outlook FY22 Full Year Results 19
Slide 20: Business Philosophy
Business Philosophy Our growth philosophy maintains consistency with our previously stated thesis to target growth of between 20-25%, with a mix of inorganic and organic growth. As a result Atturra is forecasting Revenue range of between 160-167M. Our investment philosophy traditionally has been to
Slide 21: FY23 Strategy and Outlook
FY23 Strategy and Outlook Atturra strategy as covered earlier in this presentation remains unchanged from the original prospectus, and demand remains strong across our core business offerings. Atturra plans to invest in it’s internal systems in FY23 to ensure operational efficiencies are maintained
Slide 22: Questions and Answers
Questions and Answers FY22 Full Year Results 22
Slide 23: Important Notice and Disclaimer
Important Notice and Disclaimer The material in this presentation is general background information about Atturra Limited (34 654 662 638) (Company) and its activities current as at the date of this presentation, 30 August 2022. It is information given in summary form and does not purport to be comp