Enero Group Limited · ASX:EGG
Enero — H1 FY2017 Earnings Presentation
15 slides from Enero's earnings presentation, Feb 9, 2017
Slide 1: Results for half year ended 31 December 2016
For personal use only ASX ANNOUNCEMENT 9 February 2017 Results for half year ended 31 December 2016 Enero Group Limited (ASX: EGG) today announced its results for the half year ended 31 December 2016. Summary: Net profit after tax to equity holders $2.3m. Operating EBITDA margin at 9.6%. Net R
Slide 2: FY17 Half Year Results
For personal use only Enero Group Limited FY17 Half Year Results 9 February 2017 Enero Group Limited
Slide 3: Disclaimer
Disclaimer For personal use only This document has been prepared by Enero Group Limited (Enero) and comprises written materials/slides for a presentation concerning Enero. This is not a prospectus, disclosure document or offering document. This document is for information purposes only and does not
Slide 4: Financial summary
Group Financial Performance For personal use only Financial summary • Reported Net revenue down 11% on the prior reporting period (3% decline on a constant currency basis). • Reported Operating EBITDA down 32% on the prior reporting period (22% decline on a constant currency basis). • Currency impac
Slide 5: Revenue and Operating EBITDA
Group Financial Performance For personal use only Revenue and Operating EBITDA SIX MONTHS ENDED 31 DECEMBER ($M) 2016 2015 CHANGE NET REVENUE Operating Companies 51.2 57.6 (11.1%) Net Revenue 51.2 57.6 (11.1%) OPERATING EBITDA Operating Companies 7.8 10.7 (27.1%) Support office (2.7) (3.0) (10.0%) S
Slide 6: Results ratio analysis
Group Financial Performance For personal use only Results ratio analysis SIX MONTHS ENDED 31 DECEMBER ($M) 2016 2015 Net Revenue 51.2 57.6 • A $3.1m reduction in staff costs assisted by currency translation, however unable to Staff costs 36.8 39.9 reduce staff costs to the same ratio as net Staff co
Slide 7: Revenue By Industry
Group Financial Performance For personal use only Revenue By Industry Telecommunications Property & Health Care 2% Construction Energy, Oil & Mining 5% 1% 1% • Strong mix of clients across market industry Banking, Finance & and sector groups demonstrates Insurance Information 7% Technology diversifi
Slide 8: Operating Performance: Geographical Contribution
Operating Performance For personal use only Geographical Contribution from operating companies Net Revenue Net Revenue 1HY2017 1HY2016 • Geographical contribution to revenue more evenly spread due to increase 19% 13% Australia in USA following completion of 43% 40% UK and Europe Eastwick acquisition
Slide 9: Operating Performance: Geographical Results
Operating Performance For personal use only Geographical Results from operating companies SIX MONTHS ENDED 31 DECEMBER CONSTANT • Currency impact: stronger 2016 2015 CHANGE CURRENCY ($M) CHANGE Australian dollar reduced reported net revenue by $4.9m NET REVENUE and reported Operating EBITDA Australi
Slide 10: Operating Performance: Australasia
Operating Performance For personal use only Australasia CONSTANT SIX MONTHS ENDED 31 DECEMBER 2016 2015 CHANGE CURRENCY ($M) CHANGE Net Revenue 22.0 22.9 (3.9%) - Operating EBITDA 4.0 3.3 21.2% - Operating EBITDA margin 18.2% 14.4% (3.8bp) - Key highlights: • Small revenue decline year on year howev
Slide 11: Operating Performance: UK and Europe
Operating Performance For personal use only UK and Europe CONSTANT SIX MONTHS ENDED 31 DECEMBER 2016 2015 CHANGE CURRENCY ($M) CHANGE Net Revenue 19.6 27.0 (27.4%) (12.2%) Operating EBITDA 3.2 6.7 (52.2%) (40.4%) Operating EBITDA margin 16.3% 24.8% (8.5bp) - Key highlights: • Significant impact of B
Slide 12: Operating Performance: USA
Operating Performance For personal use only USA CONSTANT SIX MONTHS ENDED 31 DECEMBER 2016 2015 CHANGE CURRENCY ($M) CHANGE Net Revenue 9.6 7.7 24.7% 28.5% Operating EBITDA 0.6 0.7 (14.3%) (16.4%) Operating EBITDA margin 6.3% 9.1% (2.8bp) - Key highlights: • Revenue improvement (29% up year on year
Slide 13: Profit & Loss Summary
Group Financial Performance For personal use only Profit & Loss Summary SIX MONTHS ENDED 31 DECEMBER ($M) 2016 2015 Net Revenue 51.2 57.6 Other revenue 0.1 0.1 Staff Costs (36.8) (39.9) Operating Expenses (9.6) (10.6) Operating EBITDA¹ 4.9 7.2 Operating EBITDA Margin 9.6% 12.6% Depreciation & Amorti
Slide 14: Balance Sheet
Group Financial Performance For personal use only Balance Sheet • Contingent deferred consideration liability ($M) 31 Dec 2016 30 Jun 2016 (Tranche 3A&3B liabilities) of $5.1m not Cash 33.9 37.6 recognised at 31 December 2016. Target EBITDA hurdles to trigger payments are Net Working Capital (2.4) (
Slide 15: Cash Flow & Working Capital Management
Group Financial Performance For personal use only Cash Flow & Working Capital Management SIX MONTHS ENDED 31 DECEMBER ($M) 2016 2015 • Small working capital balance unwind in the Operating EBITDA 4.9 7.2 period however working capital balance (excluding cash) remains unsustainably low. Movement in W