Slide 1: Clarification of Calculation of Growth Rate in Investor Presentation
For Immediate Release Tuesday 31 August 2010 For personal use only General Manager The Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square Sydney NSW 1215 Dear Sir/Madam, Clarification of Calculation of Growth Rate in Investor Presentation The company wishes t
Slide 2: Investor Presentation 25/08/2010
For personal use only 25. Pm ee INVESTOR PRESENTATION 25/08/2010
Slide 3: Contents
For personal use only Contents * BSA overview ¢ FY2010 results * Contracting Solutions review * Building Services review « Augmentation Strategy progress ¢« FY2011 Outlook
Slide 4: BSA Overview
BSA Overview FY 2009 - 2010 Revenue $ Million 25/08/2010 Contracting Solutions = Installation and maintenance services for major Australian corporations including; Foxtel, Silcar and Optus = Large nationwide independent contractor workforce = Expertise in telecommunications, digital hardware, fibre
Slide 5: Full Year Results
For personal use only Full Year Results * 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 4.48 cents * Operating cash flow $8.7 million with Net Debt of $10.7m e Final Dividend 1c per
Slide 6: FY 2009-2010 Summary
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 S 14.0m 15.1m (7%) EBITDA % 4.2% 6.3% (33%) NPAT S 9.1m 7.7m 18% NPATAS 10.4m 8.3m 25% NPATA % 3.1% 3.4% (9%) Dividends (fully franked) 2.0 cents 2.0 cent
Slide 7: Conservative - Net Debt
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 flow in line
Slide 8: Balance Sheet
Balance Sheet FY 2009 - 201¢ caxeupsiaay (ex ee * — Includes Allstaff acquisition from 10th u pets gare) period Current Assets December 2009 Cash and cash equivalents 19,720 9,611 : << V4 “oat * Conservatively geared Current tax assets / (liabilities) 4.063 (1,603)| Total Current Assets 98,577 51,68
Slide 9: Conservatively Geared
For personal use only Conservatively Geared 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 10: Revenue and EBITDA by Segment
Revenue and EBITDA by Segment FY 2009-2010 Revenue 2009/2010 EBITDA 2009/2010 47% @ Building Services ® Building Services © Contracting Solutions ® Contracting Solutions — Increase diversification of customer base with acquisition of Allstaff — Building Service now represents 53% of revenue and 45%
Slide 11: Building Services
For personal use only Building Services * Revenue — Actual of S 176million ¢ EBITDA (excluding Corporate allocations) — Actual $ 9.3million e Six month contribution from Allstaff — acquired 10th December 2009 e Maintenance and recurring revenue growing with acquisition of Allstaff is now circa $30 m
Slide 12: Building Services: Strong Order Book
For personal use only Building Services 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 13: Building Services: Growth Opportunities
For personal use only Building Services Growth Opportunities ¢ Strong focus on Healthcare sector. ¢ Aggregation of Allstaff and Triple ‘IW’ is providing multiple benefits including; Expanded geographic footprint Leveraging overhead base Cross-sharing resources and expertise Procurement cost savings
Slide 14: Contracting Solutions
Contracting Solutions * 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 investment in enabling te
Slide 15: Contracting Solutions: Growth Opportunities
Contracting Solutions | Growth Opportunities §-»-s—— ummm 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, S
Slide 16: National Broadband Network: BSA Capability in NBN
National Broadband Network 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 MCN terminations and safety standard
Slide 17: Augmentation Strategy
For personal use only Augmentation Strategy * 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 functions fo
Slide 18: Augmentation Strategy
Augmentation Strategy * Senior management team now on board and actively building pipeline of opportunities: — $1.4m investment in 2010 to build organic growth capability — Substantialinvestmentin experienced Business Development team — New CEO Announcement expected prior to AGM ¢ $120 million/annum
Slide 19: Summary
For personal use only Summary ¢ Full Year result in line with expectations ¢ Final Dividend 1c per share / DRP operational * Strong opportunities ¢« Augmentation strategy on track ¢ Allstaff integration well underway 18