Smart Parking Limited · ASX:SPZ
Smart Parking — Investor Presentation (September 2017)
36 slides from Smart Parking's investor presentation, Sep 12, 2017
Slide 1: Smart Parking Limited Investor Presentation
Smart Parking Limited ASX:SPZ Investor Presentation CEO Paul Gillespie & CFO Richard Ludbrook September 2017 Roadshow
Slide 2: Smart Parking | Business Overview
Smart Parking | Business Overview World leading technology for parking design, development & management MANAGEMENT SERVICES | UK TECHNOLOGY | GLOBAL Profitable and operates exclusively in the Designs, develops and specialises in on-street UK. Specialises in managing car parks on and off-street parki
Slide 3: Highlights
HIGHLIGHTS • Record FY17 results • Global technology rollout • New clients & deals • New R&D Smart City Platform development • Expanding workforce
Slide 4: Highlights | FY17
Highlights | FY17 Smart Parking has made excellent progress throughout the 2017 financial year. Our robust financial results has been supported by continued customer wins, refinements to our operational performance and continued installation of Smart Parking’s technology around the world 3
Slide 5: Highlights | FY17
Highlights | FY17 CARDIFF, United Kingdom Services Technology Expansion Wilson Parking New Zealand The Cardiff City Council order Smart Parking Services Smart Parking wins new represents Europe’s first business continues the roll out contract with Wilson Parking, city-wide deployment of parking of A
Slide 6: Financials
FINANCIALS • Adjusted Group EBITDA up 44% to $3.2 million* • Adjusted Group EBITDA margin up 4% to 10.8%* • Parking Management EBITDA up 47% to $7.9m* * In constant currency and before non-recurring items
Slide 7: Financials | FY17
Financials | FY17 Smart Parking’s transformation continues following a 44% Adjusted EBITDA improvement (in constant currency) from the prior corresponding period despite the loss of the Asda contract in April 2016. Adjusted EBITDA (in constant currency) rose to $3.2 million while the group Adjusted
Slide 8: Group Financials | FY17
Group Financials | FY17 EBITDA margin growth continues into FY17 34,000 31,805 In Constant Currency 29,045 29,000 24,841 Adjusted EBITDA 23,795 24,000 Up $1.0m on FY16 despite loss 19,000 of Asda 14,000 Adjusted EBITDA margin Up from 6.9% to 10.8% 9,000 Revenue 4,000 2,182 2,203 3,151 $29m down 9% o
Slide 9: Statutory Results | FY17
Statutory Results| FY17 (000’s) FY17 FY17 at FY16 FY16 FY17 at FY16 Provision for VAT exchange rates exchange rates versus The Company is aware of an Upper FY16 Tier Tribunal Ruling in the UK Total Revenue 24,841 29,045 31,805 Down 8.7% impacting the treatment of input NPBT (1,067) (658) (2,210) Up
Slide 10: Statutory Results - Reconciliation | FY17
Statutory Results - Reconciliation| FY17 (000's) Revenue EBITDA FY17 at FY17 at FY17 at FY16 FY17 at FY16 FY16 exchange FY16 exchange exchange rates versus exchange rates versus FY17 rates FY16 FY16 FY17 rates FY16 FY16 Parking Management 20,964 25,388 28,379 -10.5% 6,485 7,865 5,347 47.1% Technolog
Slide 11: UK Management Services | FY17
UK Management Services | FY17 EBITDA margin growth continues into FY17 30,000 28,380 EBITDA 25,388 Up 21% on FY16 25,000 21,406 20,964 Up 47% in constant currency 20,000 on FY16 EBITDA margin 15,000 Up from 18.8% to 30.9% 10,000 7,865 Revenue 6,485 5,000 5,347 $21.0m is down 26% on FY16 following As
Slide 12: UK Management Services | ex Asda
UK Management Services | ex Asda Growth in parking breach notices set to continue 100,000 91,538 90,588 90,000 Parking Breach Notices 81,114 up 59% compared to 80,000 FY16 71,874 70,000 Strong growth 63,104 expected in FY18 with 60,000 the continued roll out of ANPR 50,553 51,263 50,000 45,838 Jul 2
Slide 13: Technology | FY17
Technology | FY17 Ongoing investment in Technology 5,580 New Wins 5,000 5,146 New contract wins in the 3,994 UK, New Zealand and Australia 3,000 Continued Technology Investment 1,000 Delivers new Smart City Revenue EBITDA technology platform in FY17 (1,000) Growth Ahead (2,520) Stronger performance
Slide 14: Group Financial Position
Group Financial Position Completed $11.1m capital raising Current Assets & Equity reflect $11.1m capital raising Deferred Tax Asset reduced by $0.4m following UK ($000's) Jun 2017 Jun 2016 profitability Current Assets 21,386 11,050 Non Current Assets 7,405 8,929 Fixed Asset Additions of $1.2m relate
Slide 15: Group Cash Flow
Group Cash Flow Capital raising of $11.1 million funds for ($000's) Jun 2017 Jun 2016 future growth Operating cash flows 659 798 Net operating cash inflow of $0.7m, Q4 Investing cash flows (1,457) (2,398) had operating cash inflows of $0.8m Financing cash flows 11,086 (90) (excluding $0.5m onerous l
Slide 16: Business Update
BUSINESS UPDATE Management Services • UK Services business continues to deliver earnings growth Technology New business wins and significant technological advancement
Slide 17: Management Services | FY17 Highlights
Management Services | FY17 Highlights UK Management Services continues to deliver growth through installation of Automatic Number Plate Recognition [ANPR] technology EBITDA margin growth of 12% to 31% demonstrates the quality of new business EBITDA increased 47% to $7.9m (in constant currency) Busin
Slide 18: Management Services | FY17
Management Services | FY17 UK Services business continues to deliver great results OUR UK CUSTOMERS FY18 pipeline looking strong and supports the continued investment in ANPR technology Smart Parking FY17 Investor Presentation
Slide 19: Technology | FY17 Highlights
Technology | FY17 Highlights Secured new customer orders across UK, New Zealand and Australia • Cardiff City Council – 3,000 sensors • Hamilton City Council – 1,345 sensors • Coles Supermarkets – 1,100 sensors • Hobart City Council – 2,100 sensors • Wilson Parking New Zealand 3,000 + sensors Continu
Slide 20: Technology Global Footprint | FY17
Technology Global Footprint | FY17 We have delivered and Netherlands support sophisticated parking United Kingdom systems UAE across the globe, with solutions for: • shopping centres • supermarkets Australia • airports • commercial parking sites Malaysia • universities Costa Rica • medium and large
Slide 21: Technology | Expansion ramps up
Technology | Expansion ramps up Expanding across key markets: UK, AUS, NZ | Strengthening sales capacity OUR TECHNOLOGY CUSTOMERS UK: Cardiff City Council order to install 3,000 sensors Australia: Coles Supermarkets order to install 1,100 sensors across 5 locations Australia: Hobart City Council ord
Slide 22: Technology orders for FY18 Revenue
Technology orders for FY18 Revenue Firm orders of $2.5m secured for FY18 Australia: New Zealand: • Coles Supermarkets 262 sensors • Wilson Parking 3,000+ sensors • Hobart City Council order 2,100 across multiple locations • Telstra 449 sensors • Hamilton City Council 1,345 • City of Gold Coast 120 s
Slide 23: FY17 R&D | New Smart Cities Platform
FY17 R&D | New Smart Cities Platform New Smart Cities platform delivers break-through advantages for our Smart Information Services for Cities and Businesses Eliminates costs associated with code development and maintenance SPZ ready for the future of Smart Cities and the Internet of Things (IoT) Sm
Slide 24: FY17 R&D | New Smart Cities Platform
FY17 R&D | New Smart Cities Platform New Revenue opportunities for subscription and pay-for- use based service Modular Service Solutions Delivery Platform beyond the parking vertical Integration of leading Big Data, IoT capabilities and analytics Smart Parking FY17 Investor Presentation 23
Slide 25: Global Application for FY18
Global Application for FY18 Cardiff City Council chose Smart Parking Technology to transform the parking experience across the city Smart Parking have developed a new app to provide guidance, payment and enforcement capabilities SPZ App ready for global release Smart Parking FY17 Investor Presentati
Slide 26: Outlook
OUTLOOK • Strong pipeline of business • Growing client relationships • Well placed to capture demand • Investing in technology innovation • Fully funded to execute strategy • Future ready for Smart City growth
Slide 27: Glossary
GLOSSARY Adjusted EBITDA – The Board assesses the underlying performance of the Group based on a measure of Adjusted EBITDA which takes into account costs incurred in the current period but not expected to occur in the future. EBITDA – represents Earnings before interest, taxation, depreciation and
Slide 28: Smart Parking Contact
Smart Parking Contact Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com Media & Investor Enquiries Julia Maguire www.smartparking.com T: +61 419 815 386 Connect with Smart Parking investorinfo@smartparkin
Slide 29: Supplementary Information
ry SUPPLEMENTARY INFORMATION
Slide 30: Management Services | How it works
Management Services | How it works Parking management improving customer satisfaction & revenue generation ANPR | Automatic Number Plate Recognition Pay & Display | ANPR Linked Automated Payment System Site Surveys | Real-time information, analysis and trend data Parking Attendants | Trained and qua
Slide 31: ANPR | How it works
ANPR | How it works Automatic Number/ License Plate Recognition (ANPR) • ANPR parking system: Reliable, accurate, cost effective off-street parking management solution • Proven to serve a wide range of industry: Supermarkets, retail, hotels, hospitals, leisure centres • Smart Parking’s ANPR solution
Slide 32: Technology | How it works
Technology | How it works Providing effective parking management solutions around the world SmartCloud SmartRep Server SmartAPI SmartGuide Variable Overhead Message Sensors Marshal Signs SmartApp SmartTag Handheld SmartSpot Pay & Walk SmartEye Smart Parking FY17 H1 Presentation | February 2017 31
Slide 33: Technology | SmartApp Features
Technology |SmartApp Features Search for nearby parking, see real-time data on a map receive directions to a car park and discover additional car park information Smart Parking FY17 Investor Presentation 32
Slide 34: Technology | SmartApp Features
Technology |SmartApp Features Set a timer or extend parking, receive notifications make a payment and see a full transaction history Smart Parking FY17 Investor Presentation 33
Slide 35: Sydney Operations | Video Highlights
Sydney Operations | Video Highlights Mosman / BridgePoint Shopping Centre Off and on-street sensor technology, overhead lights and in-ground sensors give real-time data to improve parking Waverley Council In-ground vehicle sensors and partnership with APARC enhance parking in one of the world’s most
Slide 36: Smart Parking | Legal Disclaimer
Smart Parking | Legal Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe s
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