Slide 1: FY2016 Results Investor Presentation
Hansen Technologies FY2016 Results Investor Presentation
Slide 2: Important notices
Important notices Important notice and disclaimer This presentation has been prepared by Hansen Technologies Limited (Hansen). The information contained in this presentation is intended to be general background information and does not purport to be complete. It is not intended that it be relied upo
Slide 3: Hansen … Who are we?
Hansen … Who are we? • We are a global provider of billing systems and customer care software • Our customers are utilities (electricity, gas and water providers), telcos and pay TV operators – Circa 200 spread across 40+ countries • Our software sits at the heart of our customers’ operations – prov
Slide 4: FY2016 financial summary
FY2016 financial summary Revenue EBITDA NPATA1 $149.0m $45.4m $28.6m 40% on FY15 45% on FY15 50% on FY15 EPS2 DPS Cash 16.1 cents 7.0 cents $30.2m 38% on FY15 6.0 cents in FY15 $22.0m last year 1. NPATA = Net profit after tax excluding acquired amortisation (refer page 6) 2. EPS based on NPATA 3
Slide 5: Revenue and EBITDA
Revenue and EBITDA High organic growth, the full year impact of the TeleBilling acquisition and strong employee utilisation produced an exceptional FY2016 … Revenue ($m) EBITDA ($m) & EBITDA margin (%) 50 32% 30.5% 29.4% 30% 40 28.0% 28% 30 26% 149.0 24.7% 45.4 20 106.3 31.3 24% 86.0 24.1 63.8 10 15
Slide 6: Revenue movement – FY2015 to FY2016
Revenue movement – FY2015 to FY2016 A$m 149.0 9.0 Positive FX impact due to stronger conversion rate of foreign currency 24.6 revenue compared to FY2015 106.3 10.2 7.9 •TeleBilling acquired 1 May 2015 Movement represents 9.0 incremental revenue in FY2016 compared to FY2015 • FY2016 exceeded expe
Slide 7: Profit and loss detail
Profit and loss detail A$m FY2015 FY2016 Variance Operating revenue 106.3 149.0 40% EBITDA 31.3 45.4 45% Depreciation and amortisation (4.0) (5.5) EBITA 27.3 39.9 46% 1 Acquired amortisation (3.1) (3.6) EBIT 24.2 36.4 Net interest (0.2) 0.1 Income tax (7.1) (10.3) • Effective tax rate of 28.4% in NP
Slide 8: Cash flow
Cash flow A$m FY2015 FY2016 EBITDA 31.3 45.4 Working capital/other 9.9 (1.2) Net interest (0.2) 0.0 Income tax (4.1) (11.6) • Strong free cash flow of $25.3m Operating cash flow 36.9 32.6 • $10m debt repayment leaves no debt outstanding Capex (3.0) (1.8) • $5.5m capitalised development costs Capital
Slide 9: Dividends
Dividends The availability of franking credits and a strong cash position provides for a 1.0 cent special dividend as part of the FY2016 final dividend Dividends (cents per share) 1.0 • 7.0 cents paid for FY2016 • 4.0 cent final dividend for FY2016 3.0 3.0 3.0 3.0 – 100% franked Special – Includes 1
Slide 10: Outlook
Outlook • Revenue is anticipated to be in the range of $165m to $175m as a result of: – 4% to 8% organic billing revenue growth – $3.5m lower contribution from outsourcing/other FY2017 – stabilisation of TeleBilling’s contribution at a more typical run rate following delivery of a backlog in FY2016