Shine Justice Ltd. · ASX:SHJ
Shine Justice — Shine Corporate — Shareholder Meeting (October 2015)
20 slides from Shine Justice's shareholder meeting presentation, Oct 22, 2015
Slide 1: Chairman's Address and Managing Director's Presentation
For personal use only Shine Corporate Ltd (SHJ) Chairman’s Address and Managing Director’s Presentation In compliance with the listing rule 3.13.3 please find attached are the following documents that will be presented at the Annual General Meeting of Shine Corporate Ltd. The meeting commences at 1:
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS SHINE CORPORATE LTD For personal use only ANNUAL GENERAL MEETING 22 OCTOBER 2015 Before Simon presents his summary of the Company’s performance over the past year and the outlook for this year, I would like to make a few observations of my own regarding the key factors affecting t
Slide 3: Chairman's Address (continued)
I have enormous confidence in Simon and his leadership team as we continue to consolidate current operations and expand into new geographies and new service offerings in the area of compensation based law. For personal use only Last year, I made the observation that the industry has been evolving an
Slide 4: Chairman's Address (continued)
We have all witnessed the change in economic conditions both in Australia and the broader global economy. Companies large and small have had to deal with this economic variability and with the somewhat fluid political landscape at both State and Federal level. For personal use only Whilst these cond
Slide 5: 2015 Annual General Meeting - Managing Director
For personal use only SHINE CORPORATE LTD 2015 ANNUAL GENERAL MEETING Simon Morrison Managing Director 22 October 2015
Slide 6: Agenda
For personal use only AGENDA • Introduction • FY15 Achievements • FY15 Results • Key Operational Drivers • Business Improvement Initiatives • Acquisition update • Reform update • FY16 Priorities 2
Slide 7: Introduction
For personal use only INTRODUCTION Group Holding Company • 6 law firms and other interests • Our Values “Right Wrong” • Decentralised national operation • Continued clear vision and systems to grow BB SHINE NZ 1 • Broadening our footprint • Domestic and international opportunities BB BRADLEY BAY
Slide 8: Introduction: Shine Lawyers Firm
For personal use only INTRODUCTION Shine Lawyers Firm 4
Slide 9: Introduction: Shine Law Firms
INTRODUCTION For personal use only Shine Law Firms Emanate • Townsville, Roma and Brisbane – land owner compensation Stephen Browne • WA Personal Injury Firm • Strategic & Complimentary with Bradley Bayly and Shine Sciaccas Lawyers • Qld based Personal Injury Firm and strong union network Bradley Ba
Slide 10: Introduction: Other Interests
For personal use only INTRODUCTION Other Interests • RWWNZ - NZ joint venture specialising in disaster recovery claims • Partnership with Erin Brockovich in the United States managing enquiries and assisting claimants seeking legal remedy where appropriate 6
Slide 11: Key Highlights
For personal use only KEY HIGHLIGHTS Strategy • Continued focus on inch-wide, mile-deep growth in plaintiff-based litigation • Continued diversification of geographic spread of core PI business and enhancement of capability across emerging practice areas • Measured approach to acquisitions – consist
Slide 12: Financial Results
For personal use only FINANCIAL RESULTS Measure FY15 FY14 % change to PCP Revenue1 $150.6m $115.5m ↑ 30.4% Statutory EBITDA $44.0m $34.2m ↑ 28.7% Normalised EBITDA2 $45.4m $34.2m ↑ 32.7% Normalised EBITDA margin2 30.1% 29.6% ↑ Normalised NPAT3 $30.6m $22.2m ↑ 37.8% Normalised Net Operating Cash Flow
Slide 13: Balance Sheet
For personal use only BALANCE SHEET As at ($M) 30 Jun 15 30 Jun 14 Strong balance sheet: Cash and receivables 29.9 20.1 • Net WIP and disbursements increased by $67.3M reflecting both organic growth ($36.0M) and WIP and disbursements 239.3 172.0 acquisitions during the year ($31.3M at 30 Jun) PP&E a
Slide 14: Key Operational Drivers
For personal use only KEY OPERATIONAL DRIVERS Personal Injury Emerging Practice Areas Revenue $116.4M Revenue $33.7M EBITDA $32.7M EBITDA $11.2M EBITDA Margin 28.1% EBITDA Margin 33.2% • Strong performance for the year • Strong performance whilst continuing to deliver on • Three new bran
Slide 15: Business Improvement Initiatives
For personal use only BUSINESS IMPROVEMENT INITIATIVES SHORT TERM MEDIUM TERM Continue focus on improving Deliver best-practice, agile recoverability and optimising company-wide platform to support business model growth and achievement of business objectives Underpinned by Our core purpose and value
Slide 16: Acquisition Update
For personal use only ACQUISITION UPDATE • Acquisition of Bradley Bayly effective 1 June 2015 (completed 14 August 2015) significantly strengthens presence in WA • Acquisition of Best Wilson Buckley - leading specialist in the family law sector in Queensland. Strategic expansion into new and emergin
Slide 17: Reform Update
For personal use only REFORM UPDATE Workcover Queensland o Legislation to overturn previous changes was passed in September o Change in legislation was made retrospective from 1st February 2015 o Passing of legislation and removal of 5% threshold will have a small positive impact on results in FY16.
Slide 18: FY16 Priorities and Guidance
For personal use only FY16 PRIORITIES AND GUIDANCE • Internal focus on improving recoverability • Anticipate more growth through acquisitions • Improvement in operating cash flows through disbursement funding • Continued rollout of transformation project • EBITDA guidance – $52.0M to $56.0M 14
Slide 19: Questions?
For personal use only QUESTIONS?
Slide 20: Disclaimer
For personal use only DISCLAIMER This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Limited and certain plans and objectives of the management of Shine Corporate Limited. Such forward-looking st