Slide 1: FY16 Full Year Results Review
For personal use only FY16 FULL YEAR RESULTS REVIEW
Slide 2: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS UNIT REVIEW OUTLOOK Eastlands Shopping Centre BSA completed the mechanical services upgrade and extension to one 29/08/2016 of Australia’s BSA Limited Investor Presentation FY15-16 premier shopping centres with Probuild.
Slide 3: Full Year Highlights
Full Year Highlights • Revenue $511.9m (2015: $543.7m) with improved revenue mix. For personal use only • EBITDA $4.1m (2015: $14.2m). • EBITDA impacted by significant restructure costs and legacy issue costs relating to the new Royal Adelaide Year of Hospital (nRAH) and NSW Office of State Revenue
Slide 4: Full Year Results
Full Year Results Summary ($000) 2015 2016 • FY2016 Revenue $511.9m (2015: $543.7m). For personal use only Revenue 543,693 511,856 • Focus on increasing proportion of recurring revenues vs one off EBITDA 14,200 4,100 project revenues. EBITDA % 2.6% 0.8% Depreciation 6,362 5,029 • Revenue also affect
Slide 5: Cash Flow, Net Debt and Funding
Cash Flow, Net Debt and Funding • Balance sheet position provides strong capacity to fund For personal use only Summary ($000) 30 June 2015 30 June 2016 future growth: • Solid net cash position following strong H2 Net cash inflow – operations 19,630 2,036 net operating cash inflows. Net cash at end
Slide 6: Health & Safety Performance
Health & Safety Performance BSA Group-Monthly Total Recordable Injury Frequency Rate - Trend Improving For personal use only 30.00 25.00 20.00 15.00 TRIFR-Group Target 10.00 Linear (TRIFR) 5.00 - Apr-14 May-14 Apr-15 May-15 Apr-16 May-16 Feb-14 Mar-14 Jul-14 Oct-14 Feb-15 Mar-15 Jul-15 Oct-15 Feb-16
Slide 7: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS UNIT REVIEW OUTLOOK nbn Operate and Maintain Services BSA | Connect successfully launched fixed line technologies in Sydney, South Melbourne, and regional and remote NSW.
Slide 8: New Market Positioning and Branding
New Market Positioning and Branding BSA has streamlined and simplified our branding. We are also changing our market positioning For personal use only to highlight the great depth we have in technical expertise and smart solutions, and make this available to our clients in a more focused advisory/co
Slide 9: Business Unit Overview
Business Unit Overview BSA | Build BSA | Connect For personal use only Design and construct, Communications, manufacturing, and installation and commissioning of heating, maintenance services for ventilation, air major Australian telcos conditioning (HVAC) and and media operations. fire systems. Com
Slide 10: Business Units – Full Year Report
Business Units – Full Year Report • Revenue $226.4m (2015: $252.7m). BSA | Build For personal use only • EBITDA loss of $1.5m (2015: profit of $10.1m). • Substantial incremental costs relating to commissioning and completion at the new Royal Adelaide Hospital of $7.5m were incurred during the year a
Slide 11: Business Units: FY2017 Focus
Business Units: FY2017 Focus For personal use only BSA | Build • Continued focus on project controls, project management capability and disciplines to reduce risk and deliver sustainable margin improvement. • Further expansion of fire services into new markets. • Focus on early project lifecycle inv
Slide 12: Business Unit Overview: Annuity Style Revenue
Business Unit Overview Revenues 2016 For personal use only Proportion of Annuity Style Revenue 60 56 BSA | Connect 55 54 52 40% 44% % 50 47 pcp 40% pcp 46% 45 42 BSA | Maintain BSA | Build 40 16% 30 June 30 June 30 June 30 June 30 June 2012 2013 2014 2015 2016 pcp 14% Annuity Style Revenue • Proport
Slide 13: FY16 – Year of Consolidation-Delivering On Strategic Plan
FY16 – Year of Consolidation-Delivering On Strategic Plan Objective Status For personal use only • Secure longer term funding New 3 year banking agreement signed January 2016 Stable • Working capital management Metrics embedded within business units Foundation • Maintain low leverage Term debt
Slide 14: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS UNIT REVIEW OUTLOOK BSA | Think A new BSA business initiative focused on consulting and advisory 14
Slide 15: Building A More Resilient & Profitable Business
Building A More Resilient & Profitable Business We are continuing to shape BSA into a more profitable business in each market segment For personal use only Balanced business Leadership Right sizing of cost base New market positioning Further improving gross margins Strengthened executive tea
Slide 16: Outlook
Outlook For personal use only • Further streamlining and optimising of business units in progress. • Tangible results in improving margins in key areas being delivered. Operations • Diversification of service offerings gaining momentum. • Progress continuing on resolution of 2 remaining legacy issue
Slide 17: Important Notice
Important Notice For personal use only This presentation has been prepared by BSA Limited (the “Company”) and provides general background information about the Company’s activities. That information is current at the date of this presentation. The information is a summary and does not purport to be