Objective Corporation Limited · ASX:OCL
Objective — Shareholder Meeting (November 2009)
9 slides from Objective's shareholder meeting presentation, Nov 30, 2009
Slide 1: AGM November 2009
For personal use only AGM NOVEMBER 2009.
Slide 2: Financial Results FY2009
FINANCIAL RESULTS FY2009 For personal use only • Revenue of $40.3m (up 20%) • Asia Pacific Revenue $30.1m (up 15%) • European Revenue $9.4m (up 50%) • NPAT of $4.4m (up 114%) • R&D Investment of $9.6m (24% of revenue) • Dividend 2.1 cps (unfranked)
Slide 3: Revenue Graph
REVENUE GRAPH For personal use only A$’m 45 40.3 40 38.0 34.1 33.5 35 32.0 30 27.2 25 20 15.4 15 12.9 10 5 0 '02 '03 '04 '05 '06 '07 '08 '09
Slide 4: Balance Sheet
FINANCIAL RESULTS FY2009 For personal use only • Balance Sheet –Net Assets of $15.8m –Cash & cash equivalents of $12.7m –Receivables of $17.5m –Goodwill of $7.8m –Bank bills of $4m ($8m facility) –No Capitalised Research & Development
Slide 5: Asia Pacific Operations
FINANCIAL RESULTS FY2009 For personal use only • Asia Pacific Operations –Revenue up by 15% –Growth in Local Government Footprint –Australian Defence extends long-term contract –BRW Top 50 Best companies to work for in Australia –Successful performance in Singapore
Slide 6: European Operations
FINANCIAL RESULTS FY2009 For personal use only • European Operations –Continued revenue and profit improvement • 50% increase in revenue (ECM business 27%) • Return to profit –Acquisition of Limehouse Software • An addition of over 200 customers in UK Local Government –WAG contract to value of $10m
Slide 7: Capital Management
FINANCIAL RESULTS FY2009 For personal use only • Capital Management –Share buy-back program (bought back 10m shares & a further 5m in FY2010, ave price 20.9 cps ~ $3.1m) –Loan facility established ($8m) • Renewed Brand Image and Market Position –CONNECTED. COLLABORATIVE. COMMUNITY –Public Sector mar
Slide 8: Investment in R&D
FINANCIAL RESULTS FY2009 For personal use only • Investment in R&D –$9.6m –Launch of Objective Committees –Significant enhancements released in Objective 7.3 • Held first international customer conference –150 delegates
Slide 9: FY2010 Outlook
FY2010 OUTLOOK For personal use only • Focus on further revenue and profit improvement • Extend geo-vertical leadership • Continued Commitment to Innovation > 20% R&D • Transition to becoming Market Led • Launch Limehouse product in Asia Pacific • Continue to evaluate growth & acquisition opportunit