Shine Justice Ltd. · ASX:SHJ
Shine Justice — H1 FY2022 Earnings Presentation
18 slides from Shine Justice's earnings presentation, Feb 25, 2022
Slide 1: Half Year Results Investor Presentation
Half Year Results Investor Presentation 25 February 2022 Simon Morrison Ravin Raj MANAGING DIRECTOR & CEO CHIEF FINANCIAL OFFICER
Slide 2: Important Notice
Important Notice This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Justice Ltd and certain plans and objectives of the management of Shine Justice Ltd. Such forward-looking statements involve both known
Slide 3: Shine Justice: One Unifying Business
Shine Justice One Unifying Business Personal Injury New Practice Areas Family Law We are a • Best Wilson Buckley Purpose-driven company (motor vehicle, workplace, public liability, Shine Lawyers head trauma, major injury claims) Family Law (QLD) • Class actions • Shine Lawyers • Carr & Co (WA) • Sup
Slide 4: Agenda
Agenda FY22H1 FY22H1 FY22 Highlights Financial Operating Results Update FY22 Strategic Questions Priorities and Outlook FY22H1 Results Presentation 4
Slide 5: Highlights
Highlights Simon Morrison Managing Director & CEO FY22H1 Results Presentation 5
Slide 6: Key Financial Metrics
Highlights Key Financial Metrics Revenue NPAT EBITDA GOCF 1,2 $105.67m $13.05m $27.91m $6.68m +12.93% +29.85% +14.90% -79.81% 2 -33.66% (ex Mesh) 2 Interim Dividend EPS (unfranked) (basic) 2.50¢ 7.54¢ +25.0% +30.0% +23.5% 1GOCF is not an IFRS calculation which appears in the financial statements and
Slide 7: Delivering on strategic initiatives despite unprecedented disruption
Highlights Despite a year of unprecedented disruption, Shine Justice continues to deliver on strategic initiatives. Delivered earnings growth and Commenced and/or filed a large building momentum number of class actions Achieved landmark decision in Continued to support our people with Johnson & John
Slide 8: Financial Results
Financial Results Ravin Raj Chief Financial Officer FY22H1 Results Presentation 8
Slide 9: Financial Highlights
Financial Results Growth in EPS due to improved profitability Financial Highlights Improvement in Revenue across Interim dividend increased as business continues to improve PI and NPA FY22H1 FY21H1 Variance Variance ($m) ($m) ($m) (%) PI revenue – increase due to work Dividends unfranked done in pre
Slide 10: Financial Highlights (cont.)
Financial Results Growth in EPS due to improved profitability Financial Highlights (cont.) Interim dividend increased as business continues to improve Growth in EPS matches improved profitability Variance FY22H1 FY21H1 (%) Dividends unfranked Interim dividend increased in EPS (basic) (cents) 7.54 5.
Slide 11: Balance Sheet
Financial Results Balance Growth in EPSSheet due to improved profitability AS AT ($’000) 31 Dec 21 30 June 21 Cash on hand at 31 December 2021 stood Cash 43,055 55,992 at $43.05m Interim dividend increased as business continues to improve Receivables 17,970 15,272 Contract assets - work in progress
Slide 12: Gross Operating Cash Flow
Financial Results Growth in EPS due to improved profitability Gross Operating Cash Flow PCP GOCF includes $22.9m relating to Mesh proceeds. Excluding this, on a like for like basis Interim dividend increased as business continues to improve PCP was $10.7m resulting in FY22 First Half GOCF being 33.6
Slide 13: Capital Management Strategies and Johnson & Johnson (Mesh) Update
Financial Results Capital Management Strategies and Cash-conversion re-set to Johnson & Johnson (Mesh) Update 60% during growth phase Capital Inflows Disbursement funding • Remaining Mesh funds to be received fully embedded in most • Initiate new approved debt facilities for growth parts of business
Slide 14: Class Actions & Operating Environment Update
Class Actions & Operating Environment Update Simon Morrison Managing Director & CEO FY22 H1 Results Presentation 14
Slide 15: 36% Increase in Litigation Funded Class Actions in H1
Client Actions Operating Environment Update 36% Increase in Litigation Funded Class Actions in H1 Class Actions Filed To Date New Class Actions Filed Class Actions Pipeline by Sector FY22H1 FY22H1 • AMP • Tandem / ISGM • Evans Dixon 4 Banking & Finance • Westpac • Qsuper 4 Securities and Shareholder
Slide 16: Strategic Priorities & Outlook
Strategic Priorities & Outlook Delivering on strategy | Delivering justice | Diversified services FY22H1 Results Presentation 16
Slide 17: We have a clear set of strategic priorities
Strategic Outlook We have a clear set of strategic priorities Champion Prioritise Grow Strengthen Innovate the Client People Shine Justice Shine Justice Shine Justice • Focus on service delivery • Develop our people and • Deliver organic and • Increase PI market share • Focus on innovation and perfo
Slide 18: Questions
Questions FY22H1 Results Presentation 18