Smart Parking Limited · ASX:SPZ
Smart Parking — Shareholder Meeting (November 2023)
15 slides from Smart Parking's shareholder meeting presentation, Nov 10, 2023
Slide 1: AGM Presentation
For personal use only Smart Parking Limited (ASX:SPZ) AGM Presentation 10 November 2023 CEO Paul Gillespie smartparking.com
Slide 2: 10 year track record of growth and improving profitability
10 year track record of growth and improving profitability For personal use only Revenue & NPAT ($m) Revenue ($m) FY13 FY23 45.1 Adjusted EBITDA Margin: 25.5% 8.4 20.4 0.6 6.4 36.7 19.8 Adjusted EBITDA (7.3) Margin: (2.3%) Total: 20.4 Total: 45.1 UK Other FY13 FY23 Revenue NPAT 2023 AGM Presentation
Slide 3: FY23 Highlights
FY23 Highlights For personal use only Revenue of $45.1m Adjusted EBITDA Adjusted EBITDA margin ($46.1m1) up $11.5m ($11.8m1) up of 25.5% up 21% 35% 266bps 1 1 1 *Compared to PCP (in constant currency) *Compared to PCP (in constant currency) *Compared to PCP (in constant currency) 1,112 Total Cash of
Slide 4: Growth strategy - progress report
Growth strategy - progress report | Building a stronger SPZ across multiple territories in FY23 For personal use only UK NZ Australia (QLD) Germany ANPR operation ANPR first sites live ANPR installations from First sites live in commenced January 2015 March 2021 July 2021 March 2022 GROWTH IN 930 to
Slide 5: Growth strategy – multiple drivers
Growth strategy – multiple drivers | Three key pillars for growth Organic existing markets Growth in new territories Acquisitions For personal use only Good pipeline Growth in sites = growth in PBNs = of opportunities revenue & profitability High incremental margin leveraging existing fixed Investig
Slide 6: Q1 FY24 Business Update
For personal use only Q1 FY24 Business Update
Slide 7: Q1 FY24 key metrics
Q1 FY24 key metrics | Ongoing growth Revenue ($m) Adjusted EBITDA ($m) For personal use only 13.6 4.2 Revenue of $13.6m 10.8 Adjusted EBITDA up $4.2m up 25% 52% 2.7 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 *Compared to PCP *Compared to PCP Parking Breach Notices ANPR Sites R 1,500 1,159 224,923 4.3m Growth i
Slide 8: Q1 FY24 growth continuing with traction in new markets
Q1 FY24 growth continuing with traction in new markets For personal use only • Exit run rate from FY23 is maintained and growth is continuing in seasonally strong Q1. • Q1 key metrics delivered through continuous and disciplined organic strategy execution. • Despite a challenging and competitive mar
Slide 9: Site roll-out progressing, growth target accelerated to December 2024
Site roll-out progressing, growth target accelerated to December 2024 • 1,500 site target accelerated - will be delivered in | Site growth continuing in FY24, 1,193 December 2024 through For personal use only now 1,193 global ANPR sites 1,112 organic growth under management 222 • 101 sites added in
Slide 10: Strong growth underway
Strong growth underway • PBN growth of 26% in line | Q1 YTD PBNs up 26% on PCP with SPZ expectation Parking Breach Notices Issued 224,923 • Zero contribution For personal use only FY22 Average Quarterly PBNs 135,625 FY23 Average Quarterly PBNs 175,254 from 71 ANPR sites in (up 81% on FY21) (up 29% o
Slide 11: Entering the next growth stage - additional new territories
Entering the next growth stage - additional new territories | Disciplined acquisition track record - April complements strong organic growth For personal use only Completed the acquisition of NE Parking 2022 and are working with customers to January upgrade suitable sites from manual August Successf
Slide 12: Exploring & evaluating new territories
Exploring & evaluating new territories For personal use only • Investigating and evaluating new market territories across mainland Europe and US states. • Low cost expansion strategy • Focused on territories with appropriate regulatory environment. • SPZ has a proven ability to leverage IP and diffe
Slide 13: FY24 priorities – positioning for next stage of growth & international expansion
FY24 priorities – positioning for next stage of growth & international expansion For personal use only 4 Continue to deliver strong progress to the growth target of 1,500 global ANPR sites under management by December 2024. 4 Execution of organic growth strategy - we are very early in the long term
Slide 14: Smart Parking Investment Case
Smart Parking Investment Case Market leading technology For personal use only Proprietary technology solutions providing site owners with higher returns, compliance and safety. Proven model Highly profitable global business - 1,193 sites under management as of 10 November 2023. Multiple growth drive
Slide 15: Thank you.
For personal use only Thank you. Paul Gillespie | Group CEO | paul.gillespie@smartparking.com Richard Ludbrook | Group CFO | richard.ludbrook@smartparking.com smartparking.com