Bsa Limited · ASX:BSA
Bsa — Shareholder Meeting (November 2014)
18 slides from Bsa's shareholder meeting presentation, Nov 25, 2014
Slide 1: Annual General Meeting
Annual General Meeting BSA Limited
Slide 2: Chairman's Address
Ross Johnston Chairman Chairman’s Address 25 November 2014 BSA 2014 Annual General Meeting
Slide 3: Key Financial Highlights
For personal use only Ladies and gentlemen, our Managing Director/CEO Nicholas Yates will provide a detailed review of our results, the key highlights are as follows: Key Financial Highlights Revenue of $492 Million EBIDTA Loss of $10.7 Million Goodwill impairment of $40 million Net Loss after Tax o
Slide 4: New CEO and CFO appointments
to lead the Group through the next phase of development. Nicholas Yates has a wealth of construction and contracting experience and has been charged with a mandate to assess all business operations, improve operational review and controls, identify areas across the Company where operating expenses c
Slide 5: Business unit review: TDCP, TFFS and TMS
For personal use only Technical Design and Construction Projects (TDCP) has continued works on a number of major projects, including the new Royal Adelaide Hospital and the Charles Perkins Centre in Sydney. Whilst the TDCP full year results have been affected by provisions and write downs announced
Slide 6: Chairman's thanks to Directors and staff
enabled us to navigate through issues that have arisen throughout 2014. We look forward to this continued support as BSA moves forward through our next period of development. I would like to thank my fellow Directors for their contribution to BSA and for their For personal use only support during th
Slide 7: Managing Director's Address
Nicholas Yates Chief Executive Officer & Managing Director Chairman’s Address Business of the Meeting Managing Director’s Address 25 November 2014 BSA 2014 Annual General Meeting
Slide 8: EBITDA loss and second half turnaround
For personal use only Our Chairman has covered the financial highlights for 2014. I would like to highlight some more of the detail. The EBITDA Loss of $10.7 million was largely the result of a number of major projects that have incurred losses and there have also been a small number of key legacy p
Slide 9: Group revenue and annuity based revenue
For personal use only BSA Group revenue was $492 million for FY14 (compared to $474m FY13). Importantly, the revenue from our annuity based businesses has increased to 52% of BSA’s overall revenue (from 47% in FY13). All business units have healthy forward workloads with TDCP order book at June 2014
Slide 10: Foundation for growth
For personal use only BSA Limited now has a good foundation for growth, including Solid revenues Good forward order book Good long term annuity contracts with top tier clients We are in a business that is attractive - provided contracts are managed properly We have the revenue. Focus will be on conv
Slide 11: Governance and Project Lifecycle Discipline
Governance & Project Lifecycle Discipline Since my arrival in March of 2014, we have implemented or commenced implementation of a number of initiatives focussed on ‘Delivery for Profit’, in the key areas of Governance & Project Lifecycle Discipline; Working Capital Focus and Cost Reduction and Effic
Slide 12: Innovative solutions and cross-sell growth
3. Innovative solutions to reduce costs and increase margins BSA Advanced Learning expansion End-to-End Service Provision & Bundling We are siloed. Removing barriers to cross sell provides huge growth potential For personal use only TMS – leverage off the Design & Construct Business and look to prov
Slide 13: Technical Design and Construction Projects
For personal use only Technical Design and Construction Projects 2014 In Review Resolution of a number of outstanding claims • Implementations of: • unified bid gate review process • more robust project reviews and improved contracting disciplines • Enhanced project cashflow monitoring • Setting of
Slide 14: Technical Field Force Solutions
For personal use only Technical Field Force Solutions 2014 In Review • Successful completion of Foxtel field work force transition into regional Australia • Mobilisation of the new Optus contract in installation, maintenance and service assurance across a number of platforms • BSA Advanced Learning
Slide 15: Technical Maintenance Services
For personal use only Technical Maintenance Services FY14 In Review • Major Contract Wins: • Harvey Norman • Monash University • Gold Coast Hospital • Continued development of IT mobility solutions • Continued move into multi disciplinary service provision • Optimisation programme continued: • overh
Slide 16: Strengthening the Group's financial position
For personal use only During the course of FY14 and the start of FY15, we have been focussing on strengthening the Group’s financial position in order to provide a platform for future growth. In summary, I would like to outline the following Working Capital Focus We have increased the working capita
Slide 17: Capital raising and use of funds
Successful • Shareholders will be aware that BSA recently undertook a successful capital raising which raised $21.3m through a placement and rights issues • This also provided a more appropriate register with a stronger institutional investor base For personal use only Use of funds In relation to th
Slide 18: Outlook
For personal use only • Market conditions in all our sectors remain stable or are improving • Trading for the Group to end of October on budget • Confirmation of Revenue Guidance of $500 million • The Board intention is to return to dividend payments as soon as reasonably practicable • We feel we no