Smart Parking Limited · ASX:SPZ
Smart Parking — Investor Presentation (August 2020)
27 slides from Smart Parking's investor presentation, Aug 24, 2020
Slide 1: FY20 Results
Smart Parking Limited (ASX:SPZ) FY20 Results 24 August 2020 CEO Paul Gillespie smartparking.com
Slide 2: Smart Parking Ltd (ASX:SPZ)
Smart Parking Ltd (ASX:SPZ) A global company focused on delivering pioneering technology innovations and solutions within the parking industry FY20 Results | Sites Managed - ANPR Parking management services 496 Provision of parking management solutions, predominantly servicing the retail sector, man
Slide 3: Recovery under way
Recovery under way | PBNs fell 80% in April compared to the monthly average for the year prior and have rebounded 350% from COVID-19 lows PBNs Issued vs Car Count 40,000 10,000,000 23 March 9,000,000 UK lockdown 35,000 commences. 8,000,000 30,000 7,000,000 15 May 25,000 UK commences 6,000,000 easing
Slide 4: COVID-19 Impact, Response & Recovery
COVID-19 Impact, Response & Recovery | Impact of lockdown and proactive measures to ensure SPZ can sustain a protracted downturn | Impact of lockdown | Proactive response initiatives | Strong balance sheet to self on Smart Parking and have an annualised reduction fund recovery and growth driver beha
Slide 5: FY20 Financial Update
FY20 Financial Update
Slide 6: Smart Parking Group
FY20 Results | Group Profit & Loss (m) FY19 FY201 Revenue 26.9 21.5 Cost of Sales2 (11.7) (9.3) Gross Profit2 15.2 12.2 Smart Parking Group Overheads2 (14.9) (13.1) Adjusted EBITDA2 0.3 (0.9) FY20 revenue reduction due to impact of COVID-19 with: Depreciation & Amortisation (1.9) (3.7) • A 14% reduc
Slide 7: Segment reporting
Segment reporting Adjusted EBITDA Revenue EBITDA Margin (Pre IFRS 16) (000’s) FY20 FY20 FY20 FY20 FY19 FY20 FY19 vs FY19 FY19 FY20 vs FY19 (Pre IFRS 16) (Post IFRS 16) (Pre IFRS 16) Parking Management 21,692 17,244 (20.5%) 3,609 1,419 3,103 (60.7%) 16.6% 8.2% Technology Division 7,650 6,718 (12.2%)
Slide 8: Group Financial Position (m)
Group Financial Position (m) Adjusted Operating Cash Flow & CAPEX (m) 3.1 $m Jun-19 Jun-20* 2.5 Current assets 18.8 11.9 Non current assets 10.2 22.2 Total assets 29.0 34.1 1.2 1.1 Current liabilities 9.3 10.2 Term lease liabilities - 11.0 FY19 FY20 FY19 FY20 Total equity 19.7 12.9 Adjusted Operatin
Slide 9: FY20 Business Update
FY20 Business Update FY20 Results Presentation | smartparking.com | PAGE 9
Slide 10: Management services update
Management services update 389 85 Site Reconciliation (22) 452 56 (12) 496 545 FORECAST 525 INSTALLED UK ANPR roll out recommences • 141 new sites installed in FY20, with 34 removed. • 496 total sites under management using ANPR technology at 30 June. • 525 total sites under management 107 Net new s
Slide 11: Impact of COVID-19 on UK motorist activity
Impact of COVID-19 on UK motorist activity UK Commuter Behaviour Footfall Index 120% 120% PM Lockdown Lockdown Some non-essential Some pubs allowed Announcement begins extended shops allowed to re-open to re-open 100% 100% Easter Sunday 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% MAR-20 APR-20 MAY-20 JUN-
Slide 12: Management services customers
Management services customers FY20 Results Presentation | smartparking.com | PAGE 12
Slide 13: KFC UK & Ireland
CASE STUDY KFC UK & Ireland KFC UK&I have recently signed a contract Smart Parking management services solution currently being deployed in with Smart Parking to manage the equity and 13 equity-owned KFC sites, with a potential runway of a further 250+ outlets franchise drive-thru restaurant car par
Slide 14: Global technology update
Global technology update Annual Recurring Revenue 3.2 Summary 3.0m 3.1 2.7 • Smart City and IoT market opportunity is growing with further adoption across all market verticals. • Significant business development activity in H1 $ with a marked increase in public tenders being submitted across all SPZ
Slide 15: Global technology customers
Global technology customers
Slide 16: City of Adelaide
CASE STUDY City of Adelaide We are thrilled with the number The City Parking Experience Project was designed to create positive change and of customer downloads since the launch of our Park Adelaide App improve the customer parking experience within the City of Adelaide through the earlier this year
Slide 17: Global R&D update
Global R&D update | Investment in technology preparing SPZ for the future Summary • SPZ invests $1m on R&D, 14.9% of technology revenues, to strengthen product solutions and support future revenues. • New enforcement technology product will be launched in Q1 FY21. • New quick-installation surface mo
Slide 18: FY21 Outlook
FY21 Outlook
Slide 19: Smart Parking outlook
Smart Parking outlook | Market recovery and new opportunities for growth • In the wake of COVID-19, Smart Parking’s recovery is underway with new business wins across the Group and traffic volumes stabilising. • New Managed Services territories now available that allows Smart Parking to leverage our
Slide 20: Contact
Contact Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com smartparking.com
Slide 21: Supplementary Information
Supplementary Information
Slide 22: IFRS Reconciliation (m)
FY20 Results | IFRS 16 Reconciliation (m) Pre IFRS 16 Post IFRS 16 Adjustment IFRS 16 Impact on Statement of Profit or Loss Smart Parking Group Adjusted EBITDA (Impact of reduction in (2.69) 1.81 (0.88) operating lease costs) • IFRS 16 adopted in FY20: – $1.81m increase to Adjusted EBITDA Depreciati
Slide 23: Management services: How it works
Management services: How it works | Parking management improving customer satisfaction and revenue generation. • ANPR | Automatic Number Plate Recognition • Pay & Display | ANPR Linked Automated Payment System • Site Surveys | Real-time information, analysis and trend data • Parking Attendants | Tra
Slide 24: ANPR: How it works
ANPR: How it works | Automatic number / license plate recognition (ANPR) is a reliable, cost effective off-street parking management solution. It is proven to serve a wide range of industries including supermarkets, retail, hotels, hospitals and leisure centres. Smart Parking’s ANPR solution ensures
Slide 25: Technology: How it works
Technology: How it works | Smart Parking’s technology provides effective parking management solutions around the world. Technology: How it works Digital Displays Air Quality | Smart Parking’s technology provides effective parking management Lighting Surveillance solutions SmartCloud around the world
Slide 26: Smart Parking app
Smart Parking app | The Smart Parking app and its customised Miami, Cardiff, Adelaide, Moreton Bay, Moonee Valley, Livingstone Shire and Les Mills apps delivered. Features and benefits: • Available for both Android and iOS. • Provides detailed information around hours, tariffs and bay types. • Shows
Slide 27: Glossary Smart Parking legal disclaimer
Glossary Adjusted EBITDA – The Board assesses the underlying performance of the Group based on a measure of Adjusted EBITDA which takes into account costs incurred in the current period but not expected to occur in the future. EBITDA – represents Earnings before interest, taxation, depreciation and