Slide 1: CPT Global 2014 Financial Results
Independent Experience For personal use only CPT Global 2014 Financial Results Year ending June 30, 2014 Gerry Tuddenham, Chief Executive Officer Elliot Opolion, Chief Financial Officer © 2013 CPT Global Limited
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by CPT Global Limited (CPT Global) and comprises written material/slides for a presentation concerning CPT Global. The presentation is for information purposes only and does not constitute or form part of any offer or invitation to acq
Slide 3: CPT Global at a Glance
CPT Global at a Glance For personal use only • Founded in Australia in 1993 • All services target IT cost reduction • Approximately 200 industry based expert consultants & scalable service centres • Global operations predominantly in Asia Pacific, Americas and Europe • Have worked with over 100 blue
Slide 4: Key Results
Key Results For personal use only FY14 FY13 % Movement Prior Year Revenue 38.4m 35.1m 9% EBITDA 3.2m 1.0m 220% NPAT 2.2m 0.3m 568% EPS (Basic) 5.9c 0.9c 568% Cash 2.4m 1.2m 100% Net Tangible Assets 6.3m 5.4m 17% Fully Franked Dividends (Interim & Final) 4.5c 0.0c n/a Dividend Payout Ratio 77% 0 n/a
Slide 5: Global Operations
Global Operations For personal use only • Value Proposition • IT cost optimisation • Services • Capacity Planning: Cost minimisation via IT capacity optimisation • Performance: Reducing running costs and maximisation of infrastructure lifetime • Testing: Ensure systems perform to expectations and ta
Slide 6: FY14 CPT Global Strategy
FY14 CPT Global Strategy For personal use only • Aggressively target growth in international business by capitalising on significant business development investments in prior years: • Increasing risk/reward cost optimisation engagements • Cross selling testing, capacity planning, production assuranc
Slide 7: The CPT Business Landscape
The CPT Business Landscape For personal use only International business • Cost optimisation engagements remain CPT’s “sweet spot” • Increased testing and production assurance services • Pipeline growth, predominantly in North America • Recent expansion into Asia and South America, using Strategic Pa
Slide 8: FY14 Achievements
FY14 Achievements For personal use only International business • Addition of nine new/re-engaging clients which generated almost $8m revenue and established CPT’s first truly global client • Increase of risk/reward revenue to $9m (2013 $6m) • First successful engagement in mainland China • Strengthe
Slide 9: CPT's Revenue Mix
CPT’s Revenue Mix For personal use only FY13 FY14 Asia 0% 1% North America 19% North America 32% Europe 12% Australia 51% Australia 69% Europe 16% International Risk Reward Revenue $6.0m International Risk Reward Revenue $9.0m Confidential – CPT Global 9
Slide 10: Revenue by Region – Australia
Revenue by Region – Australia For personal use only Australian Revenue • Business is now stabilised as 30m large account reductions have 25m been absorbed 20m 15m • Single digit growth expected 10m 5m • Margin contests have been - avoided FY'10 FY'11 FY'12 FY'13 FY'14 AUD Confidential – CPT Global 1
Slide 11: Revenue by Region – North America
Revenue by Region – North America For personal use only North American Revenue • Revenue underpinned by 14m annuity revenue and solid 12m client relationships 10m 8m • Strong margins achieved 6m 4m 2m • Management structure - enhanced to support continued FY'10 FY'11 FY'12 FY'13 FY'14 growth USD AUD
Slide 12: Revenue by Region - Europe
Revenue by Region - Europe For personal use only European Revenue 7m • Business remains lumpy, dependant on timing of project 6m engagements 5m 4m • Strong margins achieved 3m 2m • Contract conclusions await 1m project replacements - FY'10 FY'11 FY'12 FY'13 FY'14 EUR AUD • Targeting increased annuit
Slide 13: Foreign Exchange
Foreign Exchange For personal use only • CPT’s business is highly impacted by the strength of the AUD • In FY 14: • North American operating result was negatively impacted by approximately $300k revenue / $136k profit • European operating result was positively impacted by $125k revenue / $45k profit
Slide 14: Balance Sheet
Balance Sheet For personal use only FY14 ($m) FY13 ($M) Cash 2.4 1.2 Debtors 7.2 6.0 Unbilled Revenue (WIP) 3.1 3.8 Other Current Assets 0.3 0.5 Total Current Assets 13.0 11.5 PP+E 0.0 0.1 • Strong Balance Sheet Deferred Tax Asset 1.4 1.2 Intangibles 7.5 7.6 Total Non-Current Assets 8.9 8.9 • Improv
Slide 15: Cash Flow
Cash Flow For personal use only FY14 ($m) FY13 ($M) Receipts 38.5 37.5 Payments (35.2) (36.1) Gross Operating Cash Flow 3.3 1.4 EBITDA 3.2 1.0 Ratio of GOC / EBTIDA 1.03:1 1.4:1 Finance Costs (0.2) (0.1) Income Tax (0.4) (0.4) Net Operating Cash Flow 2.7 0.9 Net Investing Cash Flow 0.0 (0.3) Net Fin
Slide 16: Dividend
Dividend For personal use only Fully franked interim dividend paid in April 2014 3.0 cents Fully franked final dividend declared, to be paid on October 30, 2014 1.5 cents Total Dividends for FY14 4.5 cents NPAT Payout Percentage 77% Franking Credits retained after dividend payments > $1.6m FY14 Fina
Slide 17: FY15 Strategy
FY15 Strategy For personal use only International Business • Cross sell services beyond the risk/reward cost optimisation services in Europe • Improve Europe annuity revenue base to absorb the downtime between large projects • Increase local international service delivery capability to improve local
Slide 18: Outlook
Outlook For personal use only International Business • Growth across all regions • Rate and timing of growth dependant on timing of new project commencements • Continued strong margins • Increased risk/reward and annuity revenue Australian Business • Single digit percentage growth • Strategy of pres
Slide 19: About CPT Global
About CPT Global For personal use only CPT Global is a specialised consultancy with two focus areas. Its Technical Consulting services enhance the control, stability, efficiency and reliability of all technology platforms with core offerings of Capacity Planning, Performance Management and Testing.