Smart Parking Limited · ASX:SPZ
Smart Parking — Shareholder Meeting (November 2024)
14 slides from Smart Parking's shareholder meeting presentation, Nov 15, 2024
Slide 1: AGM Presentation
rsonal use only Smart Parking Limited (ASX:SPZ) AGM Presentation 15 November 2024 CEO Paul Gillespie smartparking.com
Slide 2: Track record of growth and improving profitability
Track record of growth and Strong growth in revenues and margin improving profitability expansion over the last 5 years. rsonal use only 40% Share price up 178% (over 5 year 54.7 period). 35% 45.2 30% Completed share buy back in 38.1 FY21/22/23 spending $2.9m at an 25% average of $0.1964 per share (
Slide 3: The problem we solve
The problem we solve Strong account management capabilities support long term customer relationships. | Ensuring there is always a place to park for genuine customers rsonal use only Contract with Parking Breach landowner Notice is sent to Diversified portfolio of: owner for payment - 266,000 PBNs i
Slide 4: Expanding our addressable market - additional new territories
Expanding our addressable market - additional new territories 2024 February | Disciplined acquisition track record - Successfully launched rsonal use only a technology driven complements strong organic growth 2023 Parking Management business in Denmark July Completed the April acquisition of March 2
Slide 5: FY24 Highlights - record results
FY24 Highlights - record results rsonal use only Revenue of $54.31m up Adjusted EBITDA Adjusted EBITDA $14.7m2 up margin of 27% up 21% 28% 150bps 2 1 * Compared to PCP * Compared to PCP * Compared to PCP 1,424 Cash of Adjusted free cash Total flow of $12.2m3 up 40% sites up 28% * As at 30 June 2024
Slide 6: Performance by market - FY24
Performance by market - FY24 | Leveraging core technology and expanding our addressable markets NEW rsonal use only UK NZ Australia (QLD)1 Germany Denmark • Business established GROWTH IN 1,124 total sites 162 total sites 71 total sites 67 total sites in January 2024 ANPR SITES 21% up on PCP 93% up
Slide 7: Foundations for growth
Foundations for growth | SPZ is well placed to deliver ongoing growth in existing and new markets. rsonal use only Scaling technology Proven M&A capabilities Market opportunities SmartCloud and Smart Hub Completion and integration of • SPZ focused on growing - it is the complete parking two deals in
Slide 8: Growth strategy – multiple drivers
Growth strategy – multiple drivers | Three key pillars for growth Organic growth New territories Acquisitions rsonal use only Growth in sites = growth in PBNs = revenue & profitability High incremental margin Good pipeline of opportunities leveraging existing fixed Adding scale where SPZ have cost b
Slide 9: Q1 FY25 Business Update
rsonal use only Q1 FY25 Business Update
Slide 10: Q1 FY25 key metrics
Q1 FY25 key metrics | Ongoing growth across all markets Revenue ($m) Adjusted EBITDA ($m) rsonal use only 24% 16.8 30% 5.4 Revenue of $16.8m Adjusted EBITDA up 13.6 $5.4m up 4.2 24% *Compared to PCP Q1 FY24 Q1 FY25 30% *Compared to PCP. Excludes Denmark EBITDA loss Q1 FY24 Q1 FY25 of $0.4m Parking B
Slide 11: Q1 FY25 growth continuing with traction in new markets
Q1 FY25 growth continuing with Long term 1,500 ANPR site target traction in new markets achieved ahead of time due to | Site growth continuing in FY25, 1,529 enhanced sales capability and rsonal use only 1,529 global ANPR sites 1,485 1,500 strong traction in new territories. 1,424 Long term under ma
Slide 12: Strong growth underway - Good growth in PBN issuance
Strong growth underway Good growth in PBN issuance | Q1 FY25 record PBNs issued, up 18% vs PCP across all territories. Parking Breach Notices Issued Q1 FY25 PBN’s Issued % rsonal use only UK PBN’s increased 26,532 vs PCP, by Country FY24 Average Quarterly PBNs 213,918 (up 22% on FY23) 7% up 15%. 266
Slide 13: Growth priorities – 3,000 new organic site target
Growth priorities – 3,000 new organic site target rsonal use only 4 New long term organic site target of 3,000 sites under management by December 2028. 4 Expanded sales capability and broad pipeline of opportunities support continuing increase in net new sites added per annum (FY21: 123, FY22: 220,
Slide 14: Thank you.
rsonal use only Thank you. Paul Gillespie | Group CEO | paul.gillespie@smartparking.com Richard Ludbrook | Group CFO | richard.ludbrook@smartparking.com smartparking.com