Mcmillan Shakespeare Limited · ASX:MMS
Mcmillan Shakespeare — H1 FY2009 Earnings Presentation
7 slides from Mcmillan Shakespeare's earnings presentation, Feb 17, 2009
Slide 1: Results Presentation and Analyst Briefing
For personal use only McMillan Shakespeare Limited Results Presentation and Analyst Briefing Michael Kay – CEO Mark Cansdale – CFO February 2009
Slide 2: Financial Performance
Financial Performance For personal use only First half First half % change on 08/09 07/08 prior year $’000 $’000 Revenue 37,699 31,533 20% EBITDA 13,629 11,813 15% EBIT 12,924 11,091 17% NPAT 9,537 7,948 20% Basic earnings per share (cents) 14.10 11.81 19% Dividends declared per share (cents) 8.5 7.
Slide 3: Key highlights for first half 08/09
Key highlights for first half 08/09 For personal use only Strong NPAT and revenue growth (including both units and average yield in Novated Leasing business, despite the travails of the car market). Net operating cash flow $13.8m. EPS – 14.1cps (19% growth on PCP). Interim dividend – 8.5cps (1st hal
Slide 4: Key highlights for first half 08/09
Key highlights for first half 08/09 For personal use only Conducted I.T. review and set 5 year strategy for systems development to improve quality of delivery and reduce operating costs. Active participant in Henry Tax Review (http://taxreview.treasury.gov.au). Actively pursued and pursuing acquisit
Slide 5: MMS in the context of current economic conditions
MMS in the context of current economic conditions For personal use only High exposure to non-cyclical sectors (Health/PBI’s). Annuity income streams. No debt. Negative working capital. Strong cash flow. Minimal credit risk. Scale in core business. Strong operational performance. P4 February 2008
Slide 6: Outlook for second half
Outlook for second half For personal use only Continuing growth in salary packaging through increased participation and new business. Continuing growth in novated leasing services through cross-sell into our salary packaging customers. Further extensions/new offerings planned for second half. Contin
Slide 7: Outlook for second half
Outlook for second half For personal use only Novated leasing business a key sensitivity (ongoing slow down in national car sales), however: - the tax benefit remains attractive to prospective car buyers; - MMS has minimal exposure to luxury cars; - MMS increasing its sales and average yield; and -
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