Slide 1: FY15 Results Presentation
For personal use only August 2015 FY15 Results Presentation
Slide 2: Looking Forward
LOOKING FORWARD The release, publication or distribution of this presentation in These statements are not guarantees of future performance For personal use only certain jurisdictions may be restricted by law and therefore and are subject to known and unknown risks, uncertainties persons in such juri
Slide 3: Chapter 1: FY15 Highlights
CHAPTER 1 For personal use only 01 FY15 Highlights FY15 Results Presentation 3
Slide 4: FY15 Highlights
FY15 Highlights For personal use only UK Services business turn around from losing money to generating $380k per month EBITDA New Management team in the Services business continue to go from strength to strength with trend set to continue Technology division completed phase 1 of the prestigiou
Slide 5: Smart Parking Sector Focus
SMART PARKING SECTOR FOCUS For personal use only SECTORS TECHNOLOGY MANAGED SERVICES DESCRIPTION Established in 2003, Smart Parking Smart Parking designs, develops and produces Technology specialises in on-street and off- outstanding leading-edge technology that street technology and data transfer f
Slide 6: Chapter: Financials
CHAPTER 2 For personal use only 02 Financials FY15 Results Presentation 6
Slide 7: FY15 Financial Results
FY15 FINANCIAL RESULTS For personal use only FY15 EBITDA FY14 FY15 Revenue FY14 improved Revenue up 7.3% to EBITDA 30.0% to $21.9m $23.6m ($5.5m) ($3.8m) Increase in revenue from UK due to improved EBITDA in the UK for Q1 – Q3 was $0.1m, yield on existing estate through deployment of in Q4 it was $0
Slide 8: Group Financial Performance ($000's)
GROUP FINANCIAL PERFORMANCE ($000’s) For personal use only 30,000 NPAT includes the following non 25,000 23,557 recurring and non cash items: 21,945 20,000 20,448 Amortisation ($0.9m) Office Centralisation ($0.4m) 15,000 Professional fees ($0.8m) 10,000 Deferred tax asset of $1.0m 5,000 0 Re
Slide 9: Group Financial Position at June 2015
GROUP FINANCIAL POSITION AT JUNE 2015 For personal use only ($000’s) 2015 2014 Cash balances $5.5m (excluding client cash) Current Assets 23,856 22,270 Fixed Asset additions $1.9m Non Current Assets 10,221 9,380 Deferred tax asset of $1.0m arising from improved results in the UK Total Assets 3
Slide 10: Management Services ($000's)
MANAGEMENT SERVICES ($,000’s) For personal use only 25,000 21,406 EBITDA of $0.8m which is a 20,613 20,000 19,333 20,048 $1.5m improvement on FY14 15,000 EBITDA for Q1 – Q3 was $0.1m, in Q4 it was $0.7m 10,000 5,000 793 0 Revenue Operating Costs EBITDA (715) (5,000) FY2014 FY2015 FY15 Results Pr
Slide 11: Management Services Revenue ($000's)
MANAGEMENT SERVICES REVENUE ($,000’s) For personal use only 10,000 9,132 9,000 8,748 Civil Penalty income increased by 54% compared 8,000 with FY14 6,880 7,000 Increased compliance and a 6,000 higher share resulted in a 5,000 4,640 4% increase in P&D revenue 4,466 4,247 4,000 Management fees r
Slide 12: Management Services Revenue by Quarter ($000's)
MANAGEMENT SERVICES REVENUE BY QUARTER ($,000’s) For personal use only 3,000 This demonstrates the strong growth in Civil Penalty 2,500 2,521 2,382 income during FY15 2,346 2,311 2,093 This run rate is expected to 2,000 1,897 continue. E.g. Civil Penalty receipts continue to increase. July 2015
Slide 13: Technology ($000's)
TECHNOLOGY ($,000’s) For personal use only 6,000 5,000 4,734 Recurring revenue of $1.3m 4,556 4,234 increased 34% on FY14 3,993 4,000 Further growth in recurring 3,000 revenue expected through the annualised impact of 2,000 new contracts 1,000 Continued investment in 0 sales & marketing, R&D a
Slide 14: Chapter: Operational Update - Services
CHAPTER 3 For personal use only 03 Operational Update - Services FY15 Results Presentation 14
Slide 15: FY15 Management Services Update
FY15 MANAGEMENT SERVICES UPDATE For personal use only KEY POINTS - New management team in place from November 2014 Continued technology implementation Greater focus on service delivery and process management Completion of centralisation project and closure of regional office New contract wins FY15 R
Slide 16: FY15 Management Services Update: New Management Team
FY15 MANAGEMENT SERVICES UPDATE For personal use only New management team in place from November 2014 New Managing Director – Ben Johnson formerly of Parking Eye. See link below New Finance Director New Operations Director – formerly of Parking Eye New Client Service Director - formerly of P
Slide 17: Continued Technology Implementation
FY15 MANAGEMENT SERVICES UPDATE For personal use only Continued Technology Implementation New ANPR linked with P&D technology developed and deployed. 40 sites upgraded with ANPR technology since January 15. Further 125 sites in the pipeline to upgrade over FY16. FY15 Results Presentation 17
Slide 18: Management Services – June & July vs June & July
MANAGEMENT SERVICES – JUNE & JULY 14 VS JUNE & JULY 15 ($,000’s) 37% revenue increase in June and July 15 from the same prior year For personal use only 2,500 2,291 period 2,133 2,000 $581k improvement June 14 to 1,664 June 15 1,560 1,500 $364k improvement July 14 to July 15 1,000 40 sites u
Slide 19: Focus on Service Delivery
FY15 MANAGEMENT SERVICES UPDATE For personal use only Focus on Service delivery Customers retained through excellent service Higher yield on key accounts New business wins through existing customer reference FY15 Results Presentation 19
Slide 20: Centralisation Project Complete
FY15 MANAGEMENT SERVICES UPDATE Centralisation Project Complete For personal use only Closure of Perth office complete All shared services centralized to Birmingham Field operations optimized through technology Processing team growth through technology and management focus FY15 Results Prese
Slide 21: New Contract Wins
FY15 MANAGEMENT SERVICES UPDATE For personal use only New Contract Wins Matalan contract retained through competitive process in 2014 – expanded in 2015 from 28 sites to 88 with focus on technology. Omniplex Cinema group signed with 11 new sites – technology focus. New sites awarded to us from
Slide 22: Chapter: Operational Update - Technology
CHAPTER 4 For personal use only 04 Operational Update - Technology FY15 Results Presentation 22
Slide 23: Technology Update
TECHNOLOGY UPDATE For personal use only FY15 Results Presentation 23
Slide 24: Technology Update: Key Points
TECHNOLOGY UPDATE KEY POINTS For personal use only Technology contract wins Westminster City Council update - http://www.smartparking.com/keep-up-to- date/video/smart-parking-in-the-city-of-westminster Technology trial sites expanded in UK, AUS and NZ RFID Update SPZ Around the World FY15
Slide 25: Technology Update
TECHNOLOGY UPDATE For personal use only Transport for London contract won installation complete – revenue recognition in the same period – 1,585 sensors across 29 underground station car parks. Partnerships signed with Cisco and Vodafone UK. Flinders University installation complete. Order r
Slide 26: Westminster Update
WESTMINSTER UPDATE For personal use only Westminster phase 1 complete. Maintenance and data contract commenced – all KPI’s being met. Westminster phase 2 internal evaluation complete. Awaiting final decision on phase 2 order. RFID trial due for go-live in October 2015 – potential for expan
Slide 27: Technology Trial Update
TECHNOLOGY TRIAL UPDATE For personal use only Number of Sensors in Number of Potential Contract Trial Sensors Wellington City Council – New Zealand 72 3,000 Hamilton - New Zealand 30 3,000 City of Fremantle – Western Australia 52 1,000 City of Vincent – Western Australia 35 1,000 Burwood Council – S
Slide 28: RFID Technology Update
RFID TECHNOLOGY UPDATE First on-street project currently being For personal use only implemented – go live October 15 On-line portal in trial as part of installation Further expansion of technology planned for sites in New Zealand and Australia FY15 Results Presentation 28
Slide 29: The City of Cardiff Council
THE CITY OF CARDIFF COUNCIL For personal use only July 2015 saw the launch of The City of Cardiff Council’s SmartPark pilot with 225 SmartEye sensors installed in the Welsh Capital with a further 57 sensors to be installed. Drivers can also download SmartApp which allows them to search for a specifi
Slide 30: The City of Cardiff Council
THE CITY OF CARDIFF COUNCIL For personal use only The launch also generated strong media interest from broadcasting and local/trade press, in print, radio and online. The overall response was positive, delivering a strong message of how the City of Cardiff Council had taken the initiative to make pa
Slide 31: Milton Keynes Council
MILTON KEYNES COUNCIL In February 2015, we were proud to announce the For personal use only launch of our SmartPark solution in Milton Keynes with the installation of 300 SmartEye sensors in the city’s B4-1 Car Park on South Second Street. Since the launch the technology has encouraged drivers to us
Slide 32: Smart Parking Across the Globe
SMART PARKING ACROSS THE GLOBE For personal use only Recent shows Upcoming shows FY15 Results Presentation 32
Slide 33: Summary
Summary For personal use only 05 Summary FY15 Results Presentation 33
Slide 34: Summary
SUMMARY SPZ continue to lead the world in the development of intelligent car parking solutions for cities around the globe For personal use only and technology led Parking Management Services in the UK. Financial results for the full year in technology are below expectation but the pipeline is s
Slide 35: Contact
CONTACT Paul Gillespie - CEO For personal use only + 61 408 790 710 paul.gillespie@smartparking.com Richard Ludbrook - CFO + 64 275 543 661 richard.ludbrook@smartparking.com Web: www.smartparking.com FY15 Results Presentation 35