Slide 1: Investor Presentation FY2020 Results Review
For personal use only Investor Presentation FY2020 Results Review
Slide 2: Agenda
For personal use only Agenda 1. FY2020 highlights – Tim Harris 2. Group financials – Arno Becker 3. Operational performance – Tim Harris/Arno Becker 4. Strategy update – Tim Harris 5. Outlook – Tim Harris
Slide 3: FY2020 Highlights
For personal use only FY2020 Highlights Architect’s impression of Wynyard Place, Sydney – George Street view. Image courtesy of Multiplex Global.
Slide 4: Full Year Highlights
Full Year Highlights Robust financial results amidst challenging external environment For personal use only Strong Continuing Operations Organic Growth Order Book Record revenue and earnings within our Evolved operational structure into two Foxtel’s preferred single national delivery Communica
Slide 5: Management Focus
Management Focus For personal use only New Management team (appointed March 2020) has focused on the following key priorities in Q4 FY2020: COVID-19 Operational structures Investment in People Business Development Consolidated into 2 segments (CUI Refresh of business development and APS) to better a
Slide 6: Financial Performance – Continuing Operations
Financial Performance – Continuing Operations Core business continues to generate annuity-style cash-backed profits and stable returns to shareholders For personal use only $490.4m Revenue of $490.4m, up 4.4% on pcp for continuing operational streams Revenue Proportion of recurring revenue of 80
Slide 7: Group Financials
For personal use only Group Financials
Slide 8: Profitability – Continuing Operations
Profitability – Continuing Operations Strong conversion of revenue growth into Reported EBITDA, up 5.5% on pcp despite some COVID-19 headwinds For personal use only Summary (#039;m) FY20 FY19 Change Change % Group Revenue Revenue $490.4 $469.8 $20.6 4.4% (#039;m) EBITDA (underlying) $25.9 $24.6 $1.3 5.4%
Slide 9: Cash Flow
Cash Flow Strong cash performance achieving 80% OCFBIT* conversion and increased net cash For personal use only Cash flow results (#039;m) FY20 FY19 Change Highlights OCFBIT/EBITDA EBITDA (Group) $23.0 $21.8 $1.2 Non-cash & working capital ($4.7) ($2.7) ($2.0) Bank facilities refinanced with Commonwe
Slide 10: COVID-19
COVID-19 Proactive & effective response to current pandemic uncertainty For personal use only Group CUI APS People Current Current Rapid work from home mobilisation to ensure the Key contracts deemed as essential services Construction sites remained functional albeit at safety of our staff res
Slide 11: Operational Performance
NorthConnex Tunnel Construction 90 metres below the surface. BSA installed over 18 kilometres of sprinkler deluge – courtesy of NorthConnex. For personal use only Operational Performance
Slide 12: Health & Safety Performance
Health & Safety Performance Investment into programs to drive continuous improvement in health and safety performance For personal use only Long term performance of frequency rates continue to trend down for both Lost Time Injuries and Total Recordable Injuries. During FY2020, LTIFR reduced from 1
Slide 13: Segment Results – Continuing Operations
Segment Results – Continuing Operations Stable core business reflecting reduced portfolio risk For personal use only Revenue (#039;m) FY17 FY18 FY19 FY20 Mvt Group Revenue (#039;m) CUI $186.5 $249.4 $251.5 $272.9 $21.4 600 $469.8 $490.4 $428.1 APS $127.7 $178.7 $218.3 $217.5 ($0.8) 400 $314.2 200 Total Re
Slide 14: Business Performance: Communications & Utility Infrastructure (CUI)
Business Performance Communications & Utility Infrastructure (CUI) For personal use only Summary (#039;m) FY20 FY19 Change Change % Revenue (#039;m) Revenue $272.9 $251.5 $21.4 8.5% 300 $272.9 $249.4 $251.5 $186.5 EBITDA (reported) $21.0 $19.3 $1.7 8.8% 200 100 EBITDA % 7.7% 7.7% 0.0% 0.0% - FY17 FY18 FY1
Slide 15: Business Performance: Advanced Property Solutions (APS)
Business Performance Advanced Property Solutions (APS) For personal use only Summary ($’m) FY20 FY19 Change Change % Revenue Revenue $217.5 $218.3 ($0.8) (0.4%) (#039;m) 250 $218.3 $217.5 Fire Build $94.2 $66.0 $28.2 42.7% $178.7 200 Maintain $123.3 $152.3 ($29.0) (19.0%) 150 $127.7 100 50 EBITDA (repo
Slide 16: Strategy & Outlook
For personal use only Strategy & Outlook Architect’s impression of Wynyard Place, Sydney courtesy of Multiplex Global.
Slide 17: Strategy Update
Strategy Update Strategy has been refreshed and reprioritised to build on solid foundation For personal use only Vision To be our clients’ indispensable partner to design, deliver and manage innovative asset solutions Grow Diversify Optimise Innovate Accelerate multi-service growth Integrated energy
Slide 18: Outlook
Outlook For personal use only Market Conditions (external factors) We are well positioned as economies return to normal with majority of our services likely to be in high demand. There is a backlog of upgrades and project work to be completed as well as potential to benefit from Government stimulu
Slide 19: Appendix
For personal use only Appendix BSA technician running cable for Foxtel satellite dish installation. Image courtesy of BSA Limited
Slide 20: Our Business
Our Business For personal use only BSA is one of Australia's leading technical services and field solutions companies Headquartered in Sydney, BSA is a publicly-listed company on the Australian Securities Exchange with over 1,200 employees and revenues of circa $500 million. 2,000 1,200 Skilled Fiel
Slide 21: Workforce Management Innovation
Workforce Management Innovation Case Study 1 CUI – Technology For personal use only Customers Visibility and Control Digital Servicing • Gartner “Future of Field Services” report states that operating models will move towards zero touch An open interface that provides A service to directly connect u
Slide 22: 7-Eleven
7-Eleven Case Study 2 APS – Multi-Services Managing National Portfolio For personal use only Scope: BSA APS National Accounts recently secured the 7-Eleven contract across QLD, NSW & VIC for the provision of Heating Ventilation, Air BSA provides a range of multi-service maintenance and minor works C
Slide 23: Westconnex 3A
Westconnex 3A Case Study 3 APS – Fire Infrastructure Major Fire Infrastructure For personal use only Scope: Fire Suppression Package on Westconnex 3A (The M4-M5 Link Tunnels) spanning Haberfield via Pyrmont Bridge Road to St Peter’s Interchange. BSA provide recognised innovative solutions in the Fir
Slide 24: Group Financial Results – Continuing vs Discontinued
Group Financial Results – Continuing vs Discontinued For personal use only Continued growth in underlying business. Divested business completed in FY2020 with minimal financial impact in H2FY2020. FY20 Financial Results (#039;m) FY20 - CO FY20 - DO Group FY19 - CO PCP Δ - CO Δ% A B A+B C D=A-C D/C Reve
Slide 25: Important Notice
Important Notice For personal use only For personal use only This presentation has been prepared by BSA Limited (the “Company”) and provides general background information about the Company’s activities. That information is current at the date of this presentation. The information is a summary and d