Cosol Limited · ASX:COS
Cosol — H1 FY23 Earnings Presentation
21 slides from Cosol's earnings presentation, Feb 22, 2023
Slide 1: H1 FY23 Results Presentation
H1 FY23 Results Presentation February 2023
Slide 2: Important Notices & Disclaimer
Important Notices & Disclaimer USE OF THIS DOCUMENT You must read the following notices before reading or making any use of this document or any information contained in this document. By continuing to read, use or otherwise act on this document, you agree to be bound by the following terms and cond
Slide 3: COSOL delivered further strong growth in revenue and earnings
COSOL delivered further strong growth in revenue H1 FY23 Group revenue, $34.7 million, (+ 54% pcp), EBIT of $4.8 million, (+ 34% pcp), NPAT, $3.2 million, (+22% pcp) and EPS was 2.15c/ share (+11% and earnings, platform pcp). for continued growth in Operating margins remain robust at 13.8%, allowing
Slide 4: H1 FY23 Operating Highlights
H1 FY23 Operating Acquisition of WMS: The acquisition of Work Management Solutions (WMS) Highlights underpins our ability to build out our Asset Management as a Service (AMaaS) capability and provides access to blue chip client base and comes with unique I.P. Department of Defence Contract win $8.2m
Slide 5: H1 FY23 Financial Highlights
H1 FY23 Financial Highlights Organic Business* maintained strong EBIT Margin of 15.7% on 14% year-on- Revenue EBIT NPAT Dividend year revenue growth $34.7M $4.8M $3.2M 1.0c Group revenue Group EBIT Group NPAT EPS $34.7m $4.8m EBIT Margin $3.2m 2.15 cents • Strong Balance Sheet - cash balance of $6.2
Slide 6: H1 FY23 Financials: Earnings and Key Metrics
H1 FY23 Financials Earnings and Key Metrics Revenue and EBIT growth driven by a combination of organic growth and acquisition of WMS. EBIT margin lower due to initial impact Notes of WMS operating model and once-off transformation costs. • Organic business revenue grew 14% and maintained EBIT margin
Slide 7: H1 FY23 Financials: Cash Flow and Balance Sheet
H1 FY23 Financials Cash Flow and Balance Sheet Cash flow impacted by working capital increase with a large payment not received until early January skewing the cash conversion performance. Notes Cashflow ($’000) H1 FY23 H1 FY22 YoY YoY % • Cash conversion was negatively impacted by the Receipts from
Slide 8: Revenue by Segment
Revenue by Segment Revenue in H1 FY23 was evenly split across COSOL’s three primary service offerings, with 47% of revenue generated from government and public infrastructure related sectors. Importantly, all revenue is derived from national critical infrastructure projects. Revenue by Service Reven
Slide 9: H2 Focus and Full Year Outlook
H2 Focus and Focus on I.P and annuity revenue growth Maintain growth momentum in North America Full Year Continue to focus on annuity revenue streams driven by our proprietary software and solution set. Particular focus on: Continue to drive revenue synergies across territories with a focus on growi
Slide 10: Business Overview
Business Overview
Slide 11: Company Overview
Company Overview COSOL is a global Enterprise Asset Management (EAM) technology-enabled solution provider that optimises operations in asset-intensive industries such as natural resources, energy and water utilities, public infrastructure and defence. COSOL continuously invests in its ecosystem of s
Slide 12: COSOL has positioned itself in the EAM Market for long-term, sustainable growth
COSOL has positioned Created a unique offering and strong operating platform globally itself in the EAM Market in a Market that is experiencing significant growth trends. for long-term, sustainable A proven Board and management team with a track record of growth delivering profitable growth and incr
Slide 13: The history and evolution of COSOL
The history and evolution of COSOL COSOL has been executing on its clearly defined strategy of growing organically and securing earnings accretive acquisitions that expand its service offering, proprietary I.P and geographical reach. 2000 (…) DEC 2019 JAN 2020 OCT 2020 NOV 2021 JUL 2022 COSOL Austra
Slide 14: Our Team and investors share a proven track record in the sector
Our Team and investors share a proven track record in the sector COSOL Board and Management are aligned to shareholders interests, collectively holding 56 % of the shares on issue. In addition, ex- vendors still working in the business hold an additional 11.5% of the shares on issue. • COSOL ‘s Boar
Slide 15: Our Market Industry Outlook
Our Market Industry Outlook Global Trends Market Size Driving Growth • Volatility in managing global energy $3.3 billion industry in 2021, projected to demand. grow 8.5% annually through 2028* • Impact of renewable energy assets driving strong transformation from consumers, governments and investors
Slide 16: What is Enterprise Asset Management (EAM)
What is Enterprise COSOL’s eco system of software, solutions and services positions us uniquely in the market Asset Management EAM – People (The Brain) Are the front-line professionals that understand and run the business (EAM) processes to effectively manage assets. The roles that our team provides
Slide 17: Our Services and Solutions
Our Services and Solutions COSOL provides advice, operational expertise and business optimisation outcomes to deliver clients a complete end-to-end Asset Management solution. Enterprise Asset COSOL Mgmt. Segment Advise Operate Optimise Proprietary IP Capabilities Systems Partners Data Driven Advisor
Slide 18: Our Proprietary Software and Solutions
Our Proprietary Software and Solutions RPConnect® Proven proprietary data management platform Preconfigured EAM/ERP system Copernicus for natural resource organisations Proprietary subscription for Evergreen Hitachi Ellipse management Proprietary digital solutions EAMaaS Proprietary cloud-based EAM
Slide 19: Client Case Studies
Client Case Studies COSOL has consistently delivered blue chip Clients highly valued outcomes on critical projects as they navigate complex digital transformation projects. #1 #2 #3 SAP data migration utilising RPConnect® Evergreen Ellipse IBM Maximo cloud-based EAM as a Service COSOL is engaged as
Slide 20: Our Major Clients
Our Major Clients Our major clients represent some of their industries’ most prominent blue-chip organisations and provide a strong reference point to attract new clients and are critical to their nation’s infrastructure. 53% Natural Resources 17% Energy and Water 15% Infrastructure 15% Government a
Slide 21: Thank You
THANK YOU