Cosol Limited · ASX:COS
Cosol — H1 FY2025 Earnings Presentation
30 slides from Cosol's earnings presentation, Feb 19, 2025
Slide 1: Optimising Assets, Delivering Results
For personal use only Optimising Assets, Delivering Results FY25 Half-Year Results | 19 February 2025
Slide 2: Important notices & disclaimer
Important notices & disclaimer USE OF THIS DOCUMENT You must read the following notices before reading or making any use of this document or any information contained in this document. By continuing to read, use or otherwise act on this document, you agree to be bound by the following terms and cond
Slide 3: Attractive investment opportunity with multiple investment highlights
Attractive investment opportunity with multiple investment highlights COSOL possesses a unique and distinctive set of competitive differentiators driving growth For personal use only Key Highlights Key Highlights Global Leader in EAM Global Delivery Platform Designed $110M+ COSOL is one of the large
Slide 4: FY25 H1 key highlights
FY25 H1 key highlights Strong revenue and earnings growth maintaining EBITDA margin For personal use only Strong operating result: • Group revenue of $57.8 million (+ 17.8% pcp) • Underlying EBITDA1 of $8.2 million (+ 17.6% pcp) Positive operating momentum: • Headcount above 420 for the first time •
Slide 5: FY25 H1 earnings highlights
FY25 H1 earnings highlights 17.8% revenue growth with strong organic growth while maintaining EBITDA margin For personal use only Revenue ($m) Underlying EBITDA1 ($m) NPATA1 ($m) Underlying EPS1 (cents) 57.8 8.2 4.9 2.47 + 17.6% + 14.5% + 5.3% pcp pcp pcp + 17.8% pcp 6.9 2.35 49.1 4.3 FY24H1 FY25H1
Slide 6: Continued CAGR growth across key metrics
Continued CAGR growth across key metrics Solid organic business coupled with new opportunities generated off the back of acquisition strategy creating platform for further growth across key metrics of the business For personal use only Revenue ($m) Underlying EBITDA1 ($m) NPATA1 ($m) Underlying EPS1
Slide 7: Cashflow and balance sheet highlights
Cashflow and balance sheet highlights Disciplined capital management providing flexibility for continued growth, with deferred consideration covered by restructured bank facility For personal use only ($’000) FY25 H1 FY24 H1 Movement Key Metrics: Current Ratio 1.49 1.21 0.28 • Cash conversion advers
Slide 8: Consistent delivery of shareholder value
Consistent delivery of shareholder value COSOL has grown EPS on average 14.7% a year since FY21 H1, and maintains an interim dividend of 1 cent per share For personal use only EPS1 & Dividends (cents) 14.7% CAGR 2.47 2.35 2.15 1.93 1.43 EPS Dividends 1.00 1.00 1.00 0.92 0.50 FY21 H1 FY22 H1 FY23 H1
Slide 9: Revenue by capability, industry and customer
Revenue by capability, industry and customer Continued expansion of our higher value revenue stream of Product and IP Product led services, within a diversified customer base with top 10 customers representing 43.5% of revenue For personal use only Revenue by Capability Top 10 Customer Revenue by In
Slide 10: Performance by capability area
Performance by capability area Margin improvement across Product and Product Led Services and Advisory Professional Services For personal use only FY25 H1 Revenue % Gross Margin % Repeatable Revenue Key Comments 1 PRODUCT & $14.0m 39% ~50% • Data transformation projects driving revenue PRODUCT-LED L
Slide 11: Priority investments focused on key growing markets
Priority investments focused on key growing markets Breadth of capabilities has been achieved through Toustone acquisition, following scale accelerating acquisitions in both IBM and SAP to capture additional market share For personal use only DRIVING SCALE DRIVING VALUE LEGEND: Organic Growth FY25 A
Slide 12: Industry leading Next Generation productivity and data
Industry leading Next Generation productivity and data Recent acquisition of Toustone further strengthens COSOL’s data offering by providing enhanced data capabilities across IoT and machine learning For personal use only Data is a key enabler for the Artificial maturity of Asset Management Intellig
Slide 13: Strategic growth plan update
Strategic growth • New multi-faceted engagements bundling capability plan update Expanded customer across practices • Growing number of customers that deliver over $1m engagement for annually AMaaS capabilities • Toustone acquisition driving expanded services at For personal use only several key cus
Slide 14: Operating in expanding global markets
Operating in expanding global markets Strong tailwinds continues for the market as capital intensive industries require asset performance optimisation to reduce capital costs – growing markets across geographies represent huge whitespace opportunities For personal use only Enterprise Asset Managemen
Slide 15: COSOL Business Overview
For personal use only COSOL BUSINESS OVERVIEW
Slide 16: Our strategic vision – Asset Management as a Service
Our strategic vision – Asset Management as a Service Our mission is to help our customers achieve zero waste in their operations and supply chains using COSOL’s creative leadership and passion for digital innovation in asset centric organisations For personal use only Optimising performance of physi
Slide 17: Investment highlights
Investment highlights COSOL is an established leader in the asset management market, with consistent year on year revenue and EBITDA growth delivering significant returns for shareholders For personal use only Strong track record of revenue and EBITDA growth since 2020 IPO delivered through a combin
Slide 18: Verticalized Go-to-Market
Verticalized Go-to-Market Clear go-to-market strategy across mission critical industries For personal use only GTM Org Structure Natural Transport & Government Energy & water Resources Infrastructure & Defence • Mining • Transport • Defence • Water utilities • Mining Services • Logistics • Federal G
Slide 19: OnPlan driving growth in Annual Recurring Revenue
OnPlan driving growth in Annual Recurring Revenue The acquisition of AssetOn Group including OnPlan demonstrates COSOL’s ability to add to our proprietary suite of IP software and solutions, drive through our client base and increase ARR as a % of revenue For personal use only OnPlan is a SaaS based
Slide 20: Multi-tiered Go-to-Market driving continued customer growth
Multi-tiered Go-to-Market driving continued customer growth Strategically integrated approach designed to position COSOL as the customer’s ongoing “trusted advisor”, growing with them as they scale For personal use only Advisory First customer access point to the AM sector is in COSOL’s advisory bus
Slide 21: Proprietary digital solutions drive growth opportunities
Proprietary Asset Management as a Service (AMaaS) EAM as a Service (EAMaaS) The complete outsourced solution utilising COSOL's software & end-to-end AMaaS solution and services. Enables clients to manage risk, the lifecycle performance of assets and all With EAMaaS, access your EAM software through
Slide 22: Serving clients in critical industries and national infrastructure
Serving clients in critical industries and national infrastructure COSOL works with a blue-chip client base on their digital transformation which allows them to improve asset performance, reduce costs and deliver superior return on capital For personal use only SECTOR ASIA-PACIFIC REGION THE AMERICA
Slide 23: Customer showcase
Customer showcase For personal use only PUBLIC INFRASTRUCTURE GOVERNMENT • Large government agency in one of the States of Australia • Queensland Government’s builder that plays a vital part of the state’s • Victoria’s key agency for planning, building, operating and maintaining $50 billion building
Slide 24: Customer showcase
Customer showcase For personal use only INFRASTRUCTURE NATURAL RESOURCES • Columba University Irving Medical Center (CUIMC) is a clinical, research, and • Roy Hill is world-class mining operation in Western Australia educational enterprise located in New York • Currently delivers 60 million tonnes p
Slide 25: Thank you
For personal use only THANK YOU www.cosol.global
Slide 26: Appendices
For personal use only AP PEND IC ES
Slide 27: FY25 H1 Financials
FY25 H1 Financials Summary Earnings Table For personal use only ($’000) FY25 H1 FY24 H2 YoY YoY % Revenue 57,780 49,053 8,727 17.8% Gross Profit 18,202 16,043 2,158 13.5% Gross Margin 31.5% 32.7% -1.2 pp - Underlying EBITDA 8,153 6,933 1,220 17.6% Underlying EBITDA % 14.1% 14.1% - - Acquisition Cost
Slide 28: FY25 H1 financials – Balance sheet
FY25 H1 financials Balance sheet For personal use only Movement Balance Sheet ($’000) 31-Dec-24 30-Jun-24 31- Dec-23 YoY Cash 3,646 6,616 6,712 -3,066 Other Current assets 28,692 23,473 24,466 4,226 Current Assets 32,337 30,089 31,179 1,158 Goodwill 86,588 69,249 65,095 21,493 Other non-current asse
Slide 29: Underlying to statutory reconciliation
Underlying to statutory reconciliation Definitions and calculations of presentation For personal use only 1. Underlying EBITDA is statutory earnings before interest, tax, depreciation 3. Underlying NPAT is statutory net profit after tax (NPAT) before business and amortisation, as well as business ac
Slide 30: End
For personal use only END www.cosol.global