Slide 1: Analyst Presentation
Servcorp Limited For personal use only Analyst Presentation 27 August 2014 Presented by: Alf Moufarrige, CEO Marcus Moufarrige, COO 1
Slide 2: Operational Highlights FY 2014
Operational Highlights FY 2014 For personal use only Revenue of $242,247,000, up 17% NPBT of $34,257,000, up 24% NPAT of $26,336,000, up 24% NPBT (like for like) of $38,249,000 up 35% Operating cash flow of $40,214,000, up 48% NTA backing of $2.06 per share, up 5% EPS of $0.27, up 24%
Slide 3: Overview FY 2014
Overview FY 2014 For personal use only Management satisfied with performance: o Revenue growth gathering momentum o Margins improving Particularly pleased with the performance in: o The Middle East o Japan The performance of Australia and Singapore can improve Virtual office continued to gro
Slide 4: Financial Results FY 2014
Financial Results FY 2014 For personal use only FY 2013 FY 2014 % $AUD $AUD % Constant 000’s 000’s Currency Revenue 207,995 242,247 17% 10% NPBT 27,630 34,257 24% 20% Tax (6,359) (7,921) NPAT 21,271 26,336 24% % FY 2013 FY 2014 % Constant $AUD $AUD Currency Net Tangible Assets (per share) $1.96 $2.0
Slide 5: The Servcorp Footprint
The Servcorp Footprint FY 2014 For personal use only As at 30 June 2014 there were 136 floors in 52 cities in 21 countries 78 floors opened in the 60 months to 30 June 2014 New Floor openings in FY 2014 o 6 new floors opened Floors by Region - 30 June 2014 o 5 floors were expanded Total - 136
Slide 6: EME
EME FY 2014 For personal use only Like for like NPBT growth in EME was 109% Management pleased with this outcome Remain focused on expanding in identified high growth areas Consolidated our operation in Paris by closing 1 ageing location Performance of London continued to improve Like for
Slide 7: North Asia
North Asia FY 2014 For personal use only Like for like NPBT growth for North Asia was up 21% Japan continued to outperform Still considerable upside potential in China Opened a new landmark location Like for Like NPBT o Fortune Financial Centre, Beijing North Asia $AUD '000 Performance of
Slide 8: ANZ/SEA
ANZ/SEA FY 2014 For personal use only Like for like NPBT performance in ANZ / SEA was down 5% In SEA we had a complete management restructure o negatively impacted sales and margins for both Singapore and Malaysia o now believe we are at the bottom of the cycle Performance in Thailand remained
Slide 9: USA
USA FY 2014 For personal use only Revenue and margins continued to improve throughout FY 2014 We are now close to a NPBT breakeven position Anticipate generating a modest like for like profit in FY 2015 We continue to have confidence in our USA business model In FY 2015 we will open our mo
Slide 10: Dividend
Dividend FY 2014 For personal use only Final dividend payable of 11.00 cents per share, 35% franked Total dividends payable in relation to FY 2014 of 20.00 cents per share, 19% franked There is no foreign conduit income attributed to this dividend Forecast FY 2015 Dividends of no less than 22.
Slide 11: Outlook FY 2015
Outlook FY 2015 For personal use only Notwithstanding significant levels of global political and economic uncertainty, we anticipate further revenue growth and an improvement in occupancy We will also remain focused on expanding our office footprint in identified growth markets, where we have cr
Slide 12: Servcorp locations
fSERVCORP q y) Beijing, China ) Guangzhou, China Sydney, Australia Level 36, Gateway Tower, Yusen Building, Level 26, Fortune Financial Level 54, IFC West Tower, Sydney Marunouchi Centre, Beijing Guangzhou SERVCORP LOCATIONS OPENING SOO! ) Doha, Qatar © abu Dhabi, UAE Yd JU Level 1, Mayfair Place, L