Shine Justice Ltd. · ASX:SHJ
Shine Justice — FY2022 Earnings Presentation
26 slides from Shine Justice's earnings presentation, Aug 26, 2022
Slide 1: Shine Justice Ltd (SHJ) FY22 Results Presentation
26 August 2022 Shine Justice Ltd (SHJ) FY22 Results Presentation Attached is Shine Justice Ltd’s full year results presentation for the financial year ended 30 June 2022. Authorised for release by the Board Annette O’Hara Company Secretary Shine Justice Ltd aohara@shine.com.au For more information S
Slide 2: FY22 Results Investor Presentation
Shine Justice Ltd ABN 93 162 817 905 Results Investor Presentation 26 August 2022 Simon Morrison Ravin Raj MANAGING DIRECTOR & CEO CHIEF FINANCIAL OFFICER FY22 FY22Results ResultsPresentation Presentation|| 1
Slide 3: Shine Justice – Important Notice
Shine Justice – 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 inv
Slide 4: Shine Justice – One Unifying Message
Shine Justice – One Unifying Message Personal Injury NPA1 Motor vehicle, workplace, public liability, abuse Shine Lawyers WE • Shine Lawyers* • Class actions • Sciaccas (QLD) • Superannuation and disability are a • Stephen Browne (WA) • Head trauma Purpose-driven • Bradley Bayly (WA) • Catastrophic
Slide 5: Agenda
Agenda 1 Highlights 2 Financial Results 3 Operating Update 4 Strategic Priorities and Outlook 5 Questions FY22 FY22Results ResultsPresentation Presentation|| 4
Slide 6: Highlights
Highlights Simon Morrison Managing Director & CEO FY22 FY22Results ResultsPresentation Presentation|| 5
Slide 7: Key Financial Metrics
Key Financial Revenue NPAT $215.13m $31.21m Metrics 1 +14.91% +21.96% EBITDA 2 GOCF (ex Mesh)3 $63.09m $30.71m +14.29% -8.98% Total Dividend (unfranked) EPS (basic) 1 Discontinued operations (Emanate) eliminated in PCP comparatives. 2 EBITDA and GOCF are not IFRS calculations which appear in the fin
Slide 8: Highlights: Continued growth despite a challenging market
Highlights Continued growth despite a challenging market Delivered earnings growth and building Settled mesh class action against Boston Scientific momentum for $105 million Achieved landmark decision in Johnson Grew our team to more than 1,000 members & Johnson Class Action Opened new offices in Ad
Slide 9: Strategic Execution
Strategic Execution Champion the Client Prioritise People Grow Shine Strengthen Shine Innovate Shine • Improved our client experience • Enhanced learning to support • Focused on growth of Personal Injury • Continued to embed One Shine • Cultivated an innovation culture by continuing the development
Slide 10: Past three year growth
Past three year growth 215.1m 187.2m 183.0m 63.1m 55.2m 51.1m FY20 FY21 FY22 Actual Actual Actual EBITDA ($'m) Revenue ($'m) FY22 Results Presentation | 9
Slide 11: Past three year growth: New File Fees
Past three year growth 310 600 New File Fees ($'m) 260 527 210 454 278.5 240.3 160 188.5 110 60 FY20 FY21 FY22 Actual Actual Actual FY22 Results Presentation | 10
Slide 12: Growth-building current cabinet of files
Growth-building current cabinet of files WIP ($'m) TOTAL Cabinet (Est Fee $'m) 53% complete 55% complete 69% complete 630 538 441 305 299 332 FY20 FY21 FY22 Actual Actual Actual FY22 Results Presentation | 11
Slide 13: Financial Results
Financial Results Ravin Raj Chief Financial Officer FY22 FY22Results ResultsPresentation Presentation|| 12
Slide 14: Financial Results – Detailed Profit and Loss
Financial Results – Detailed Profit and Loss FY22 ($m) FY21 ($m) Variance (%) ↑ 14.91 1 Revenue 215.13 187.21 NPAT 31.21 25.59 ↑ 21.96 ↑ 14.29 1,2 EBITDA 63.09 55.20 ↑ 16.18 1,3 Underlying EBITDA 54.00 46.48 ↑ 14.87 1 Employee Benefits Expense 111.58 97.14 ↑ 8.19 1 Overheads 58.51 54.08 1 Discontinu
Slide 15: Financial Results – Financial Highlights
Financial Results – Financial Highlights FY22 FY21 Variance (%) • EPS growth matches improved profitability Earnings per share (cents) 18.02 14.75 ↑ 22.17 • Final and full year Final dividend per dividend increased share (cents) 3.50 3.25 ↑ 7.69 as outlook for business is strong Full year dividend p
Slide 16: Financial Results – Balance Sheet
Financial Results – Balance Sheet AS AT ($’000) 30 June 22 30 June 21 • Cash in hand and in PCP includes Cash 51,864 55,992 Mesh class action funds received in December 2020 Receivables 15,754 15,272 • Expenditure on new offices, Work in progress 332,476 299,312 technology and new marketing Unbilled
Slide 17: Financial Results – Gross Operating Cash Flow
Financial Results – Gross Operating Cash Flow 60.0 54.6 50.0 20.9 40.0 GOCF $m 34.6 31.3 30.7* 30.0 21.9 21.5 18.7 19.2 21.6 20.0 24.7 24.0 13.0 15.4 15.2 14.0 10.0 9.7 13.1 12.1 5.2 6.5 6.6 6.7 3.3 3.5 0.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1H 2H Mesh Proceeds * 1st half is lower due to invest
Slide 18: Growth Initiatives Impacting GOCF FY22
Growth Initiatives Impacting GOCF FY22 45,000 8,890* 42,033 40,000 35,000 1,000 780 30,713 550 1 100 30,000 25,000 20,000 15,000 10,000 5,000 0 Reported GOCF CRM Thrive Brand Refresh New Sites Growth in Fee Adjusted GOCF Earners* * $14m increase in salary costs overall but including 73 fee earners.
Slide 19: Operating Update
Operating Update Simon Morrison Managing Director & CEO FY22 FY22Results ResultsPresentation Presentation|| 18
Slide 20: Key Financial Highlights
Key Financial Highlights Delivered on five-year recovery plan 1 Revenue and EBITDA1 (A$m) • Resilience 36.5 37.7 47.4 51.1 55.2 63.1 • Performed strongly throughout 215.1 COVID-19 headwinds 179.4 177.9 183.0 187.2 165.0 FY17 FY18 FY19 FY20 FY21 FY22 Revenue Composition (%) 2 • Diversifying revenue a
Slide 21: Class Actions Initiatives and Update
Class Actions Initiatives and Update Current Class Actions New Class Actions Filed FY22 • AMP • Multi Site PFAS • Evans Dixon • Tandem / ISGM • Wreck Bay PFAS • QSuper • Westpac • Redlands Council • McDonald’s • Litigation funding • Colonial First State • Evans Dixon • Nuix in majority of current Gr
Slide 22: Strategic Priorities and Outlook
Strategic Priorities and Outlook FY22 FY22Results ResultsPresentation Presentation|| 21
Slide 23: Outlook Guidance
Outlook Continue to grow market share and invest in future growth Champion the Client Prioritise People Grow Shine Strengthen Shine Innovate Shine Fast track Case Tracker Be ‘a place for you’ Sharpen growth focus Embed our non-negotiables Set innovation path • Launch Shine Tank for FY23 • Launch Cas
Slide 24: Appendices
Appendices FY22 Results Presentation | 23 Shine Justice Ltd | ABN 93 162 817 905
Slide 25: Our People and Shine Justice
Our People and Shine Justice Australia & New Zealand Learning & Development Social Equality & Justice • 1,098 team members • Long term investment • Always standing up in Qld, NSW, Vic, WA, approach in learning for the little guy and SA, NT, ACT and NZ and capabilities shining a light on injustice •
Slide 26: Sustainability and Community
Sustainability and Community Supporting Community Supporting the Environment We actively support charitable We ensure communities have access We recognise our activities impact and not-for-profit organisations to the justice they deserve through: the environment that deliver meaningful contributions