Slide 1: FY2023 Results
FY2023 RESULTS Tuesday 29 August 2023
Slide 2: Solid Result for FY23, Investing for Continuing Growth
SOLID RESULT FOR FY23, INVESTING FOR CONTINUING GROWTH Growth continued for FY23 ▪ Revenue of $549.2 million, h$99.4 million or 22.1% on pcp* ▪ EBITDA of $20.1 million, h$1.4 million or 7.5% on pcp ▪ NPAT of $11.4 million, h$0.05 million or 0.4% on pcp ▪ EPS of 7.5 cents per share, down 0.36 cents o
Slide 3: FY23 Results Continue Prior Trends
FY23 RESULTS CONTINUE PRIOR TRENDS REVENUE FY18 - FY23 EBITDA FY18 - FY23 600.0 549.2 25.0 500.0 20.1 449.5 20.0 18.7 383.7 400.0 332.8 336.8 15.25 287.6 15.0 300.0 9.1 9.7 200.0 10.0 8.0 100.0 5.0 - FY18 FY19 FY20 FY21 FY22 FY23 0.0 FY18 FY19 FY20 FY21 FY22 FY23 * FY19 decline due to exit of a majo
Slide 4: Growth Trends Continue
GROWTH TRENDS CONTINUE REVENUE by Division FY18 - FY23 ▪ Labour Hire FY23 Revenue h$95m (22%) 600.0 ▪ Growth in all businesses except Concept 16.0 500.0 11.5 Recruitment & Concept Retail 400.0 9.7 ▪ Largest growth in CCL Group, Action 300.0 6.7 8.0 7.3 533.2 Workforce NSW and from Linc & OPW 200.0 3
Slide 5: Business Growth Overview
BUSINESS GROWTH OVERVIEW As at 29 August 2023 (compared to 3rd July 2022 or as noted) 347 Internal Staff up 45 or 15% 1 26 Offices up 2 1,264 Customers up 482 or 62% 5 Weekly Workers at peak 8,043 up 2,043 or 34% 4 1 3 2 1 7.7 Years Tenure Top 20 Customers up 0.9 years 7 1 Fully Integrated Labour Hi
Slide 6: Labour Hire & Recruitment: Multi Branded approach
Labour Hire & Recruitment: Multi Branded approach covering all of our Customer’s Temporary & Permanent employment needs ▪ Horticulture ▪ Transport & ▪ Production / Logistics Process ▪ Manufacturing ▪ Maintenance ▪ Trades ▪ Construction ▪ Engineering ▪ Technical ▪ Permanent ▪ Fixed term Recruitment C
Slide 7: Labour Hire & Recruitment: Multi Branded approach
Labour Hire & Recruitment: Multi Branded approach covering all of our Customer’s Temporary & Permanent employment needs ▪ Construction Labour ▪ Specialist Labour ▪ Council permits ▪ Traffic Management ▪ Labourers, Trades, ▪ Authority approvals Services Plant Operators, Steel Fixers ▪ Mechanical ▪ Sh
Slide 8: Training: RTOs operating across VIC, WA & QLD
TRAINING: 4 RTOs operating across VIC, WA & QLD with the TIC RTO operating nationally 34 Qualifications offered across both the ASH Pty Ltd traditional training operations and the RTO 20749 newly acquired The Instruction Company ▪ Early Childhood ▪ Business Vocational Training Education and Care ▪ D
Slide 9: Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Profit or Loss and Other Comprehensive Income For the year ending 30 June 2023 FY23 FY22 $000 $000 Revenue 549,219 449,776 Other income 87 2 Share of profits from associated entities 198 - Employment costs (517,981) (421,683) Depreciation and amortisation expense (3,159) (1
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position As at 30 June 2023 30-Jun-23 03-Jul-22 30-Jun-23 03-Jul-22 $000 $000 $000 $000 Assets Liabilities Current assets Current liabilities Cash and cash equivalents 2,520 1,739 Trade and other payables 42,043 30,843 Trade and other receivables 57,150 54,968 Bor
Slide 11: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows For the year ending 30 June 2023 12 months to 12 months to 30/06/2023 03/07/2022 $ 000 $ 000 Operating activities Receipts from customers 608,658 482,918 Payments to suppliers and employees (580,152) (471,272) Interest received 31 2 Interest paid (1,640) (745) In
Slide 12: Notice and Disclaimer
Notice and Disclaimer Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 29 August 2023 (“Presentation Date”). No financial advice: The information in this presentation does not constitute