Slide 1: BSA Limited 09/10 Full Year Results
For personal use only BSA Limited 09/10 Full Year Results INVESTOR PRESENTATION 25/08/2010
Slide 2: Contents
Contents For personal use only • BSA overview • FY2010 results • Contracting Solutions review • Building Services review • Augmentation Strategy progress • FY2011 Outlook 26/08/2010 2
Slide 3: BSA Overview
BSA Overview For personal use only FY 2009 - 2010 400 Contracting Solutions Installation and maintenance services for major 350 Australian corporations including; Foxtel, Silcar and Optus 300 Large nationwide independent contractor workforce Revenue $ Million 250 Expertise in telecommunications, dig
Slide 4: Full Year Results
Full Year Results For personal use only • Revenue increased by 37% to $330.9million • Net profit after tax increased by 17% to $9.1 million • Underlying EBITDA of $15.0 million • Basic earnings per share of 4.44 cents • Operating cash flow $8.7 million with Net Debt of $10.7m • Final Dividend 1c per
Slide 5: Financials
Financials For personal use only FY 2009-2010 Jun 2010 Full Year Jun 2009 Movement SUMMARY Actual Full Year Actual Actual Revenue $ 330.9m 240.9m 37% EBITDA $ 14.0m 15.1 m 7% EBITDA % 4.2% 6.3% (33%) NPAT $ 9.1m 7.7m 18% NPATA$ 10.4m 8.3m 25% NPATA % 3.1% 3.4% (9%) Dividends (fully franked) 2.0 cent
Slide 6: Cash Flow
Cash Flow For personal use only Conservative - Net Debt 30 Jun 2010 30 Jun 2009 Full Year Full Year Actual ($’000) Actual ($’000) Cash flows from 8,737 13,584 operations Cash flows from investing (3,145) (475) Cash flows from financing 4,574 (7,934) Net Debt at end of period 10,718 10,512 – Cash flo
Slide 7: Balance Sheet
Balance Sheet For personal use only FY 2009 - 2010 Previous Current Period A#039;000 corresponding period A#039;000 • Includes Allstaff acquisition from 10th Current Assets Cash and cash equivalents 19,720 9,511 December 2009 Trade and other receivables 71,030 41,193 Inventories Current tax assets / (liab
Slide 8: Conservatively Geared
Conservatively Geared For personal use only Well placed for Growth 30 Jun 2010 30 Jun 2009 Actual ($’000) Actual ($’000) Net Debt 10,718 10,512 Equity 67,187 58,835 Net Debt : Equity 15.9% 17.9% Net Debt: Net Debt + Equity 13.8% 15.2% Interest expense 1,155 1,078 Pro-forma net interest cover (EBITDA
Slide 9: Revenue and EBITDA by Segment
Revenue and EBITDA by Segment For personal use only FY 2009-2010 Revenue 2009/2010 EBITDA 2009/2010 55% 47% Building Services Building Services 53% Contracting Solutions Contracting Solutions 45% – Increase diversification of customer base with acquisition of Allstaff – Building Service now represen
Slide 10: Building Services Overview
Building Services For personal use only Overview • Revenue – Actual of $ 176million • EBITDA (excluding Corporate allocations) – Actual $ 9.3million • Six month contribution from Allstaff – acquired 10th December 2009 • Maintenance and recurring revenue growing with acquisition of Allstaff is now ci
Slide 11: Building Services: Strong Order Book
Building Services For personal use only Strong Order Book • Building Services success on large-scale, complex, design & construct projects requiring a high level of sustainability with order book circa $180m Major construction projects underway • City Square Perth • 321 Exhibition Street • 111 Eagle
Slide 12: Building Services: Growth Opportunities
Building Services For personal use only Growth Opportunities • Strong focus on Healthcare sector. Works well underway: – Contract wins including Fiona Stanley Hospital and QIMR – New fire and HVAC installation works at Liverpool Hospital – Work on City Square and 111 Eagle Street projects performing
Slide 13: Contracting Solutions
Contracting Solutions For personal use only • Revenue of $155million • EBITDA of $11.3million (excluding Head Office) • HO Allocations include New Business development, Acquisition and Integration Costs and Corporate • Solid margins continue due to improved efficiencies on key projects driven by inv
Slide 14: Contracting Solutions: Growth Opportunities
Contracting Solutions For personal use only Growth Opportunities • New income streams being developed in conjunction with new business development team leveraging core capabilities • National Broadband Network – Participated in Stage1 of the NBN Tasmania Roll-out with installations in Smithton, Scot
Slide 15: National Broadband Network: BSA Capability in NBN
National Broadband Network For personal use only BSA Capability in NBN BSA’s Expertise • Scripting and processes for the initial phase of marketing to the first customer’s of NBN • Qualification and routing of customer installations • Training of technical resources on Optical Fibre terminations and
Slide 16: Augmentation Strategy Goals
Augmentation Strategy For personal use only Goals • To become a leading Australian Facility Services company • Pursue growth opportunities through acquisition and organically • Broaden our revenue streams – multiple sources and recurring • Strengthen our financial platform • Scalable support functio
Slide 17: Augmentation Strategy Progress
Augmentation Strategy For personal use only Progress • Senior management team now on board and actively building pipeline of opportunities: – $1.4m investment in 2010 to build organic growth capability – Substantial investment in Senior people in Business Development with outcome in 2010/11 – New CE
Slide 18: Summary
Summary For personal use only • Full Year result in line with expectations • Final Dividend 1c per share / DRP operational • Strong opportunities • Augmentation strategy on track • Allstaff integration well underway 25/08/2010 18