Slide 1: Half Year Results Presentation
For personal use only Half Year Results Presentation February 2015 Paul Gillespie: CEO Richard Ludbrook: CFO
Slide 2: Executive Summary
Executive Summary For personal use only Smart Parking (ASX: SPZ) is a world leader in the development and marketing of intelligent car parking solutions and parking management services SPZ runs two business divisions: • Parking Technology – established in 2003, specialises in on-street and off-
Slide 3: Agenda
Agenda For personal use only • Introduction • Half Year Financial Results • Operational Update • Summary
Slide 4: Overview & Progress
Overview & Progress For personal use only Since the full year results we have achieved the following: Won additional technology contracts, notably, Transport for London Partnership agreements with Cisco and Vodafone UK Technology trial sites expanded in UK, AUS and NZ Westminster City Counci
Slide 5: Half Year Financial Results
For personal use only February 2015 Half Year Financial Results
Slide 6: Management Services Key achievements
Management Services For personal use only Key achievements Appointment of Ben Johnson in November 2014 • Formerly the Sales Director at Parking Eye. • Parking Eye was acquired by Capita in October 2013 for £57m. Completed relocation of finance/administration functions from (Perth) Scotland to Bi
Slide 7: Management Services
Management Services For personal use only % % of Total ($000’s) 2015 H1 2014 H1 Change Revenue Management Fees 2,216 2,387 (7%) 22% P&D Income 4,585 4,518 1% 46% Civil Penalties 2,387 2,304 4% 24% Marshalling 565 591 (4%) 6% Other 188 375 (50%) 2% Total Revenue 9,941 10,175 (2%) 100% Management EBIT
Slide 8: Management Services
For personal use only Management Services
Slide 9: Management Services – Deployment of Technology
Management Services – Deployment of Technology For personal use only The above data relates to a single car park site only and is not intended to be illustrative of the estate of car parks that the Company leases and/or manages.
Slide 10: Management Services – Deployment of Technology
Management Services – Deployment of Technology For personal use only Deployment of technology on 10 manually operated sites in February 2015 - revenue impact in March 2015. Early indications are there will be a step change in gross profit in 2015 H2 through: • Increase in number of Parking Charg
Slide 11: Technology - Key Achievements
Technology - Key Achievements For personal use only Secured contract 3,000 parking sensors with Transport in Westminster (UK) for London Expanded trials in Barnett London and Milton Keynes UK Gone live with Athens sensor trial Secure contract with Flinders University, Adelaide (revenue 2015 H2) Expa
Slide 12: Technology - Key Achievements
Technology - Key Achievements For personal use only Completed relocation of finance/administration functions from Cambridge (NZ) to Auckland (NZ) Signed partnership agreements with Cisco and Vodafone UK Continued growth in recurring revenue
Slide 13: Technology
Technology For personal use only % of Total ($000’s) 2015 H1 2014 H1 % Change Rev. New Zealand 129 712 (82%) 10% Australia 313 438 (29%) 24% United Kingdom 864 471 83% 65% Middle East 11 0 0% 1% Other 7 24 (83%) 0% Total Revenue 1,324 1,645 (20%) 100% Management EBITDA (1,680) (550) (205%)
Slide 14: Technology
For personal use only Technology
Slide 15: Half Year Results Financial Performance
Half Year Results For personal use only Financial Performance (A$000’s) 2015 H1 2014 H1 Revenue 10,820 11,410 EBITDA (3,085) (992) Net Loss (4,256) (1,371) Net Loss after amortisation (3,024) (1,347) and non-recurring items Amortisation $0.4m Non-recurring costs $1.0m
Slide 16: Half Year Results Financial Position
Half Year Results For personal use only Financial Position ($000’s) Dec 2014 Jun 2014 Current Assets 20,124 22,270 Non Current Assets 8,659 9,380 Total Assets 28,783 31,650 Current Liabilities 13,286 12,331 Term Liabilities 60 23 Total Equity 15,437 19,296 Cash balances $7.6m (excluding client cas
Slide 17: Operational Update Management Services
For personal use only Operational Update Management Services
Slide 18: Management Services Update
Management Services Update For personal use only Hired new UK Services Managing Director in November 2014 Ben Johnson: Formally Sales Director of ParkingEye - Ben oversaw the growth of ParkingEye from GBP4m (50 ANPR sites under management) to GBP20m (800 ANPR sites under management) between 2007
Slide 19: Management Services Update
Management Services Update For personal use only With new, more efficient systems we will continue to expand the Automatic Number Plate Recognition (ANPR) estate using the infringement model – December and January infringement revenue numbers are ahead of budget and the highest revenue months sinc
Slide 20: Management Services Update
Management Services Update For personal use only
Slide 21: Services - Key Account Update
Services - Key Account Update For personal use only Key contracts continue to grow and expand and we look to install new technology across the board: Contract continues to run well Retained account through a New commercials agreed and tender exercise running Up to 29 stores now with the Ke
Slide 22: Operational Update Technology
For personal use only Operational Update Technology
Slide 23: Technology Update
Technology Update For personal use only Westminster phase 1 complete and all milestones paid - maintenance and data contract commenced Transport for London contract won and commence installation in H2 2015 – revenue recognition in the same period – 1,500 sensors across 27 underground car parks
Slide 24: Westminster Update
Westminster Update For personal use only Westminster City Council Phase 1 & 2 PHASE 2 PHASE 3 PHASE 2 Phase 1: 3,000 Spaces Phase 2: 7,000 Spaces
Slide 25: Westminster (WCC) Update
Westminster (WCC) Update For personal use only Westminster phase 1 complete and all milestones paid Maintenance and data contract commenced Westminster internal evaluation to complete in H2 of FY15 SPZ expects final decision on phase 2 by June 2015 RFID trial due for installation in H2 201
Slide 26: Payment Portal
For personal use only Payment Portal
Slide 27: RFID Payment Portal Update
RFID Payment Portal Update For personal use only RFID Payment portal development complete On-line account based payment for parking Tags talking to sensors for payment as well as location Parking history (web and email) Payment history (web and email) Dashboard for account summary Logi
Slide 28: Payment Portal
Payment Portal For personal use only Payment Portal can be expanded for pay by phone Solution is scalable and can be used in every city around the world End to end solution • App tells you where the parking spaces are via real time data • Park and the sensor see’s the car – occupancy reporting
Slide 29: Technology – Trial Update
Technology – Trial Update For personal use only Contract Sensors in trial Potential Sensor Numbers Wellington City Council - NZ 72 3,000 Hamilton (NZ) 30 3,000 City of Fremantle - WA 52 1,000 City of Vincent – WA 35 1,000 Burwood Council - Sydney 41 500 Camden - UK 380 10,000 Milton Keynes - UK 300
Slide 30: Marketing - Social Networks
Marketing - Social Networks For personal use only
Slide 31: In the Media
For personal use only In the Media
Slide 32: Updated Web Pages
For personal use only Updated Web Pages
Slide 33: The Smart City
The Smart City For personal use only Public authorities of all sizes are The Internet of Everything (IoE) could capitalising on new Smart City generate $4.6 trillion in value for the technologies and insights to global public sector by 2022 through transform their systems, cost savings, productivity
Slide 34: The Internet of Things IoE
The Internet of Things IoE For personal use only The aim is not only to develop urban services that enhance residents’ daily lives and reduce the city’s carbon footprint, but to also deliver a vibrant economic climate to the city by attracting new residents, visitors and businesses. Employee Cost Re
Slide 35: The Smart City
The Smart City For personal use only Through our partnerships with Cisco, Vodafone and Telstra, SPZ are looking to capitalise on the Smart Cities drive which is occurring globally. Smart city wide networks linking Co2 monitoring, refuse collection, lighting columns and water usage are being installe
Slide 36: Smart People
For personal use only Smart People
Slide 37: Smart People
Smart People For personal use only Over the last two years SPZ have struggled to find the right team to execute. However, we have made some significant changes that will allow us to reach our potential. New people are as follows: Lewis Johnson Head of Technology EMEA John Heard Chief Technology
Slide 38: Smart People - John Heard CTO
Smart People - John Heard CTO For personal use only 18 years with Sun Microsystems in the UK, Australia, New Zealand, and USA. Extensive experience in product engineering and successful market delivery. • Led the product marketing operations for Sun Microsystems ANZ. • Seconded to the USA to manag
Slide 39: Smart People
Smart People For personal use only Lewis Johnson - Head of Technology Mark Ashby – UK CFO EMEA Formally Finance Director of Redcentric Formally Technology and Data Lead at MS Ltd an end to end network based Westminster City Council Parking Services managed service provider. Prior to this was B
Slide 40: Summary
For personal use only Summary
Slide 41: Summary
Summary For personal use only SPZ is a world leader in the development, installation and maintenance of intelligent car parking solutions for cities around the globe and Parking Management Services in the UK Financial results for the half year are below expectation for the technology business bu
Slide 42: Contact
Contact For personal use only Paul Gillespie - CEO • + 61 408 790 710 • paul.gillespie@smartparking.com Richard Ludbrook - CFO • + 64 275 543 661 • richard.ludbrook@smartparking.com Web: www.smartparking.com