Service Stream Limited · ASX:SSM
Service Stream — Shareholder Meeting (October 2014)
13 slides from Service Stream's shareholder meeting presentation, Oct 22, 2014
Slide 1: Managing Director's AGM Presentation
Service Stream Limited For personal use only Managing Director’s AGM Presentation Leigh Mackender 22 October 2014
Slide 2: Agenda
Agenda For personal use only 1. Results overview 2. Strategy & outlook
Slide 3: Results Overview
Results Overview For personal use only Leigh Mackender Managing Director
Slide 4: Highlights (1 of 2)
Highlights (1 of 2) For personal use only FY14 Financials EBITDA of $16.6 million in line with revised guidance Operating Cashflow before Interest & Tax of $50.7 million Successful capital raise nets $18.9 million proceeds Year-end net debt down to $10.4 million Payments to Syntheo JV of $
Slide 5: Highlights (2 of 2)
Highlights (2 of 2) For personal use only Fixed Communication restores profitability and operational effectiveness Safety performance improves with LTIFR of 2.93 Group completes Strategic Plan Key Contracts renewed across all three Business Units: – NBN Co. for New Developments and Customer
Slide 6: Key financial trends
Key financial trends For personal use only Revenue ($m) Net Debt ($m) 700 Revenue of $389.6m, down 70 Net debt reduced to $10.4m, a 600 from prior period primarily due 60 reduction of $41.6m over the 500 to cessation of contracts not yet 50 year. offset by NBN related ramp up. 40 400 300 30 200 20 1
Slide 7: BU Overview: Fixed Communications
BU Overview: Fixed Communications For personal use only Recovery in line with expectations More effective operating structure implemented Focus on fixed-cost reduction to reduce exposure to volume variability with contractor workforce Continue to work closely with NBN & Telstra to meet emergin
Slide 8: BU Overview: Mobile Communications
BU Overview: Mobile Communications For personal use only Meeting customer infrastructure plans We are focussed on: - increasing market-share and providing expanded service offering to telecommunications customers - broadening work mix to include design and construction services within electricity,
Slide 9: BU Overview: Energy & Water
BU Overview: Energy & Water For personal use only Successfully secured contract renewals and extensions Secured renewals and extensions of core metering contracts during the year, and continues to be a metering service provider of choice across key regions and clients: - Western Power: Three-year
Slide 10: Strategy & Outlook
Strategy & Outlook For personal use only Leigh Mackender Managing Director
Slide 11: Focused strategy going forward
Focused strategy going forward For personal use only to underpin sustainable profitability and to grow shareholder value Retention of key contracts Negotiate improved pricing and commercial terms Renewed focus on operational delivery & contract execution UNLOCK Improved Contract and Commerci
Slide 12: Positive outlook
Positive outlook For personal use only with each segment positioned well to take advantage of opportunities Fixed Communications Australian government’s investment in the NBN will present new opportunities on the back of its mixed technology strategy as well as in areas of proven competence such a
Slide 13: Questions?
For personal use only Questions?