Slide 1: Full Year Results Presentation lodgement letter
Servcorp Limited ABN 97 089 222 506 Level 12 MLC Centre 19-29 Martin Place Sydney NSW 2000 Australia T | +61 29231 7616 F | +61 29231 7665 W | servcorp.com.au 26 August 2010 The Manager Company Announcements Office Australian Stock Exchange Limited By electronic lodgement Dear Sir Servcorp Limited (
Slide 2: Analyst Presentation, 12 Months ended 30 June 2010
For personal use only Servcorp Limited Analyst Presentation Thursday 26 August, 2010 Alf Moufarrige, CEO Twelve Months ended 30 June, 2010 Taine Moufarrige, Executive Director 1
Slide 3: Operational Highlights FY 2010
Operational Highlights FY 2010 Mature floor NPBT of $25.13 million for FY 2010 (in For personal use only line with forecast) NPBT of $2.88 million for FY 2010 Virtual Office package growth of 20% for FY 2010 Virtual Office revenue growth of 9% in constant currency for FY 2010 13 new floors
Slide 4: Financial Results - FY 2010
Financial Results - FY 2010 For personal use only FY 2010 FY 2009 % Constant % $000's $000's Currency Revenue 168,837 228,646 (26%) (19%) Mature Floor Net Profit Before Tax 25,127 54,360 (54%) Immature Floor Expansion Costs (20,103) (2,942) Office Squared Losses (2,149) (4,143) 48% Net Profit Before
Slide 5: Serviced Office Business
Serviced Office Business Trading conditions in the Serviced Office For personal use only Business were very difficult in FY 2010: Depressed global business sentiment Decrease in demand for Serviced Offices Both occupancy and office pricing have been impacted Average occupancy has softened
Slide 6: Virtual Office Business
Virtual Office Business For personal use only Continued growth of Virtual Office - package growth of 20% during FY 2010 Virtual Office revenue decreased by 1% for FY 2010 Virtual Office revenue increased by 9% on a constant currency basis compared to FY 2009 4
Slide 7: Around The World 2009 – 2010: Australia, NZ, Japan
Around The World 2009 – 2010 AUSTRALIA & NEW ZEALAND For personal use only Not impacted to the same extent as other markets by the global financial crisis One floor in Sydney closed during FY 2010 Opened two floors since June 2010 in Sydney One additional location scheduled to open in H1 FY
Slide 8: Around The World 2009 – 2010: Greater China, Southeast Asia
Around The World 2009 – 2010 GREATER CHINA The Hong Kong market was significantly impacted by the global For personal use only financial crisis Management has been restructured in Greater China Opened four locations in Greater China in FY 2010 Two locations closed in FY 2010 The Greater Ch
Slide 9: Around The World 2009 – 2010: Middle East, India
For personal use only Around The World 2009 – 2010 MIDDLE EAST The property market in Dubai has suffered a material downturn however Servcorp is still profitable in this city Serviced Office markets in both Bahrain and Qatar remain challenging Opened new locations in Jeddah, Abu Dhabi and Kuwa
Slide 10: Around The World 2009 – 2010: Europe, USA
Around The World 2009 – 2010 EUROPE For personal use only European market continues to be very difficult The Paris location continues to be impacted by pricing pressures The Brussels location has now stabilised London opened during December 2009 A further location to open in Belgium in H2
Slide 11: Global Expansion Is Progressing Well
Global Expansion Is Progressing Well Management intend to rapidly expand the Servcorp Floors Open & Leases For personal use only global footprint to a number of markets Executed at 30 June 2010 Thirteen floors opened in FY 2010 A further 31 leases have been executed for locations that are expe
Slide 12: 2010 / 2011 Outlook
2010 / 2011 Outlook FY 2011 will be a major construction period for the company For personal use only FY 2012 will be a year of consolidation Reaffirm our intention to open no less than 35 new floors open in the 18 months to 31 December 2010. On track to open 100 floors in the 36 months to 30
Slide 13: 2010 / 2011 Outlook
2010 / 2011 Outlook Initial Virtual Package target of 29,000 was contingent on having ten For personal use only locations open in the USA by 30 June 2010. We estimate we are several months behind this target Expansion costs for new floors will have a material negative impact on group profits unt
Slide 14: Dividend FY 2010
Dividend FY 2010 For personal use only March 2010 interim dividend of 5.00 cps (fully franked) declared October 2010 final dividend of 5.00 cps (fully franked) declared Dividend Outlook FY 2011 It is anticipated that dividends will be 10.00 cps in relation to the 2011 financial year 12
Slide 15: Servcorp Limited Analyst Presentation
For personal use only Servcorp Limited Analyst Presentation Thursday 26 August, 2010 Alf Moufarrige, CEO Twelve Months ended 30 June, 2010 Taine Moufarrige, Executive Director 14