Slide 1: Full Year Results
For personal use only Full Year Results 26 August 2011 Barry Lambert - Chairman Michael Spurr - CEO & CFO
Slide 2: Full Year Result Highlights
Full Year Result Highlights For personal use only Financials EBITA: $18.41 million 2 3 Consolidated Net Profit after Tax: $13.30 million Total Debt: $1.88 million CUP Dividends 6 cents paid for first 6 months post listing 1st quarterly fully franked dividend of 3 cents per share declared (ex-date 15
Slide 3: Group Performance – Member Firms
Group Performance – Member Firms For personal use only $ % of Revenue made up of „000 Total primarily of Revenue accounting, legal and financial Total Net Member Revenue 81,538 100% planning services. Expenses: 3 Firms were Salaries and Employment (46,175) (57%) acquired post July 2010. Premises (4,
Slide 4: Group Performance – Member Firms
Group Performance – Member Firms For personal use only $ % of Total Interest expense primarily due to „000 Revenue working capital loans Net Income Member Firms 18,707 23% now repaid. Head Office Contribution (300) (1%) Head office contribution expected (net cost) to have neutral to EBITA 18,407 22%
Slide 5: Balance Sheet
Balance Sheet $ For personal use only Strong balance sheet „000 with working capital debt repaid out of Current Assets 30,126 public raising. Non-Current Assets 56,931 All Member Firms Total Assets 87,057 generate strong cash Current Liabilities 29,512 flow. Non-Current Liabilities 8,498 Current lia
Slide 6: Results – other points
Results – other points Conservative provisioning against debtors For personal use only Fair value uplift (non-cash) arising on acquisition is non- recurring Amortisation expense (non-cash) relates to acquired client relationships (intangible asset) arising on acquisition 6
Slide 7: Key Acquisitions Since Listing
Key Acquisitions Since Listing For personal use only Date Acquirer “Tuck-In” Dec 2010 Crosby A Modbury (Adelaide, SA) based Dalwood accounting & financial planning (Adelaide, SA) business Mar 2011 McDonald Pynt Perth (WA) based legal business Lawyers (Perth, SuperGeneration. WA) Jul 2011 Countplus M
Slide 8: Growth Acquisition Strategy
Growth Acquisition Strategy Organic growth is priority For personal use only Funding of acquisitions will predominantly be funded from profits “Tuck-ins” by subsidiaries preferred Begin marketing outside the Count group 8
Slide 9: Benefits of Joining Countplus
Benefits of Joining Countplus For personal use only What are the benefits to accountants and other financial services businesses of being part of Countplus? Diversify investments, provide liquidity and grow at a listed multiple Provide financial support for business growth Long-term succession
Slide 10: Pipe Line – Our New Acquisition Policy
Pipe Line – Our New Acquisition Policy Acquire minority stakes (30%+) in accounting/financial For personal use only services businesses: Retiring partner Fund acquisition of fees Means of getting to know non-Count affiliated firms Performance benchmarks for Countplus to increase interest 1
Slide 11: Countplus Focus
Countplus Focus For personal use only 2011 Focus has been on completing the acquisition of Member Firms, the listing and then associated requirements with transitioning the group to a listed entity. 2012 Facilitating co-operation with Member Firms to enhance organic growth and recommence marketing f
Slide 12: Full Year Results
For personal use only Full Year Results 26 August 2011 Barry Lambert - Chairman Michael Spurr - CEO & CFO