Ashley Services Group Ltd. · ASX:ASH
Ashley Services — H1 FY2021 Earnings Presentation
10 slides from Ashley Services's earnings presentation, Feb 25, 2021
Slide 1: First Half 2021 Results
Labour Hire | Recruitment Training FIRST HALF 2021 RESULTS Thursday 25 February 2021
Slide 2: Positive Trends Are the H1 FY21 Story
POSITIVE TRENDS ARE THE H1 FY21 STORY Positive trends evident across all financial performance metrics for H1 FY21 ▪ Revenue of $186.0 million, h$2.6m or 1.4% on pcp* (H1 FY21 26wk v H1 FY20 27wk) ▪ h$8.4m or 4.7% on pcp excl. additional week in prior year ($5.8m) ▪ EBITDA of $6.8 million, h$0.7m or
Slide 3: H1 FY21 Well Ahead of FY20 Trends
H1 FY21 WELL AHEAD OF FY20 TRENDS REVENUE FY16 - FY21 (H1) EBITDA FY16 - FY21 (H1) 400.0 12.0 9.7 336.8 10.0 9.1 350.0 332.8 314.7 8.0 8.0 6.8 300.0 287.6 5.7 276.9 6.0 250.0 4.0 200.0 186.0 2.0 0.0 150.0 FY16 FY17 FY18 FY19 FY20 H1 FY21 (2.0) 100.0 (4.0) 50.0 (6.0) (8.0) - (7.7) FY16 FY17 FY18 FY19
Slide 4: Improved Divisional Profitability
IMPROVED DIVISIONAL PROFITABILITY ▪ Labour Hire H1 FY21 Revenue $181.7m, h$2.7m REVENUE by Division FY16 - FY21 (H1) (1.5%) on pcp (H1 FY21 26wk v H1 FY20 27wk) 400.0 ▪ h$8.4m (4.7%) on pcp excl. additional week in 350.0 6.7 7.3 300.0 25.5 prior year ($5.8m) 250.0 28.3 8.0 ▪ Action Workforce, CCL Gr
Slide 5: Business Growth Overview
BUSINESS GROWTH OVERVIEW 253 Internal Staff up 43 or 20% 1 23 Offices 2 New: Junee & Beresfield 366 Customers up 16 or 5% 4 5,600 + Weekly Workers up 600 or 12% 2 1 4 1 1 5.4 Years Tenure Top 20 Customers up 0.8 years 9 Fully Integrated Labour Hire & Training provider 5
Slide 6: Labour Hire Division
LABOUR HIRE DIVISION ▪ Transport & ▪ Trades ▪ Merchandising ▪ Permanent ▪ Construction Logistics ▪ Engineering Staff Recruitment Labour ▪ Production / ▪ Technical ▪ Retail Staff ▪ Fixed term ▪ Specialist Labour Process ▪ Maintenance ▪ Fitout & Project Contract ▪ Labourers, Trades, ▪ Manufacturing ▪
Slide 7: Training Division Expands with The Instruction Company
TRAINING DIVISION EXPANDS WITH THE INSTRUCTION COMPANY ASH Pty Ltd Australian Institute of Vocational Training The Instruction Company (RTO 20749) Vocational Development Australia Pty Ltd Pty Ltd ▪ Business, Business Admin Pty Ltd (RTO 90804) (RTO 20928) ▪ Early Childhood Education and (RTO 40596) ▪
Slide 8: Consolidated Statement of Profit or Loss and Other Comprehensive Income
Consolidated Statement of Profit or Loss and Other Comprehensive Income For the six months ending 3 January 2021 6 months to 6 months to 03-Jan-21 05-Jan-20 $000 $000 Revenue 185,977 183,380 Other income 358 429 Employment costs (176,146) (174,287) Depreciation and amortisation expense (936) (1,174)
Slide 9: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position As at 3 January 2021 03-Jan-21 05-Jul-20 03-Jan-21 05-Jul-20 $000 $000 $000 $000 Assets Liabilities Current assets Current liabilities Cash and cash equivalents 1,499 8,063 Trade and other payables 24,332 18,517 Trade and other receivables 45,910 29,418 B
Slide 10: Notice and Disclaimer
Notice and Disclaimer Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 25 February 2021 (“Presentation Date”). No financial advice: The information in this presentation does not constitu
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