Gentrack Group Ltd · NZX:GTK
Gentrack — H1 FY2015 Earnings Presentation
13 slides from Gentrack's earnings presentation, May 28, 2015
Slide 1: Gentrack Interim Results for the Half Year to 31 March 2015
THE SOFTWARE OF INFRASTRUCTURE_ For personal use only G E N T R A C K I N T E R I M R E S U LT S F OR T HE H ALF Y EAR TO 3 1 M ARCH 2 0 1 5 www.gentrack.com 28 May 2015
Slide 2: Important Notice
For personal use only IMPORTANT NOTICE This presentation supplements our half year results announcement dated 28 May 2015. It should be read subject to and in conjunction with the additional information in that release, other material that we have released to NZX and ASX, and our Investment Statemen
Slide 3: Agenda
For personal use only Agenda_ • Business Overview • Highlights • FY15 Interim Results and Analysis • Outlook • Appendix – GAAP reconciliation www.gentrack.com
Slide 4: Specialist software for Utilities & Airports
For personal use only Specialist software for Utilities & Airports_ Meter-to-Cash Billing Airport Information and CRM Management Sites: +150 utilities and airports • 17 Countries Offices: Auckland • Melbourne • Brisbane • London www.gentrack.com 1
Slide 5: Highlights
T H E S O F T W A R E O F T H E I SN O F RF ATSW T RA URCET UOR FE _ INFRASTRUCTURE_ Highlights_ For personal use only • Won Go Energy – a new innovative energy retailer operating in Australia’s solar energy market • Won Queenstown Airport in New Zealand • Won Glasgow, Aberdeen and Southampton Airpo
Slide 6: 2015 Interim Results
For personal use only 2015 Interim Results_ REVENUE EBITDA NPAT $18.5m $5.5m $3.2m 2014 H1: 17.9m 2014 H1: $5.5m 2014 H1: $2.4m CASH DIVIDEND $5.4m 4.1cps 2014 H1: $3.2M Payable 18 June 2015 www.gentrack.com All Highlights shown in NZD$ 3
Slide 7: 2015 Interim Results: Revenue, EBITDA and Cash
For personal use only 2015 Interim Results_ Revenue, EBITDA and Cash Revenue NZ$m EBITDA NZ$m 19.0 18.5 6.0 Balance are in line with our 18.0 17.9 5.47 5.48 budget for the first half year. 16.9 5.5 5.20 17.0 5.0 16.0 Against H1 2014 revenue is 15.0 4.5 up 3.3% and EBITDA is up 14.0 4.0 0.2%. 2013 20
Slide 8: Divisional Analysis
For personal use only Divisional Analysis_ Revenue NZ$m Utilities EBITDA NZ$m 18.0 6.0 Revenue x Sector 15.1 15.7 16.0 4.6 4.8 5.0 Energy Water Airports Other 14.0 1% 4.0 12.0 15% 10.0 3.0 2014 2015 2014 2015 13% Airports Revenue NZ$m EBITDA NZ$m 2.9 1.5 71% 2.8 2.75 2.76 1.0 0.8 0.7 2.7 0.5 2.6 • B
Slide 9: Geographic Analysis
For personal use only Geographic Analysis_ Revenue NZ$m 12.0 Revenue x Region 10.0 Australia New Zealand UK ROW 8% 8.0 15% 6.0 2014 2015 4.0 55% 2.0 22% 0.0 NZ Australia UK Rest of World • UK revenues grew by a pleasing 70% • Australian revenue improved from the already strong 2014 position with bot
Slide 10: Product Analysis
For personal use only Product Analysis_ 0.1 0.6 0.2 1.3 3.9 Revenue x Product 4.9 Licences Project Services Support Services Recurring Fees Other 7.4 5.8 1% 7% 34% 27% 6.3 5.8 2014 2015 Recurring Fees Support Services Project Services 31% Licence Fees Other • Contracted recurring revenues improved 9
Slide 11: Head Count and Overheads
For personal use only Head Count and Overheads_ Average Headcount Overheads NZ$m 200 12.5 12.2 191 11.7 190 180 12.0 Staff x Country 180 11.5 New Zealand Australia England 170 11.0 12% 160 10.5 150 10.0 2014 2015 2014 2015 24% • Recruitment for growth continued solidly in H1 particularly within 64%
Slide 12: Outlook
THE SOFTWARE OF INFRASTRUCTURE_ For personal use only Outlook_ • As foreshadowed at the Annual Meeting we anticipate a stronger second half to FY15 which is our normal business cycle • Two contracts expected to be secured by now are still in final negotiation • If progress can be made on these contr
Slide 13: GAAP to non-GAAP Profit Reconciliation
Appendix_ For personal use only GAAP to non-GAAP Profit Reconciliation_ GAAP to non-GAAP profit reconciliation 6 Months 6 Months 12 Months Period 31-Mar-15 31-Mar-14 30-Sep-14 Reported net profit for the period (GAAP) 3,154 2,365 3,383 Add back: net finance expense 24 589 910 Add back: income tax ex