Gentrack Group Ltd · NZX:GTK
Gentrack — H1 FY2018 Earnings Presentation
14 slides from Gentrack's earnings presentation, May 2018
Slide 1: GTK Interim Results Half Year to 31 March 2018
GTK INTERIM RESULTS H ALF YEAR TO 3 1 M A R C H 2 0 1 8
Slide 2: Important Notice
IMPORTANT NOTICE This presentation may contain forward-looking statements. Forward-looking statements often include words such as ‘anticipate’, ‘expect’, ‘plan’ or similar words in connection with discussions of future operating or financial performance. The forward-looking statements are based on m
Slide 3: Mission Critical Software for Essential Services
MISSION CRITICAL SOFTWARE FOR ESSENTIAL SERVICES Our vision is to be the leading specialist provider of business applications to energy and water utilities and airports globally and we now proudly support over 200 customers where our solutions are mission critical, deeply embedded and highly valued.
Slide 4: Headlines – H1 FY18
HEADLINES – H1 FY18 • Secured contracts with two of the UK Big 6 energy suppliers – E.ON and Npower • Veovo brand launched to unify acquisitions under a global airports business, as we deliver our highly differentiated predictive collaborative platform for airports • Gentrack Platform launched; prov
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS (NZ$m) REVENUE EBITDA NPAT DIVIDEND $52.0m $15.9m $8.4m 5.0cps 80% growth 80% growth 50% growth H1 FY18 Increased from on H1 FY17 on H1 FY17 on H1 FY17 4.2cps H1 FY17 Dividend to be paid on 25 June 2018 12% growth 6% growth 34% growth on H2 FY17 on H2 FY17 on H2 FY17 Comparisons
Slide 6: Comparative Results
COMPARATIVE RESULTS Junifer, Blip, CA+ acquisitions (April/May 17) contribute to reported growth 60.0 10.0 52.0 15.9 8.4 16.0 15.1 50.0 46.2 8.0 6.3 40.0 12.0 5.6 8.8 6.0 30.0 23.3 28.9 8.0 6.7 3.8 • H1 FY18 vs H1 FY17: 4.0 20.0 - Revenue and EBITDA1 up 80% 4.0 2.0 10.0 0.0 0.0 0.0 • Consecutive per
Slide 7: Divisional Analysis
DIVISIONAL ANALYSIS H1 revenues from the UTILITIES utilities business reflects $13.2m $42.2m significant projects in the UK including E.ON, Npower H1 FY18 $12.8m $37.9m and ENGIE. H2 FY17 $7.8m Completed smart meter $25.6m H1 FY17 related projects in Australia and system deployments in Singapore hav
Slide 8: Geographic Analysis
GEOGRAPHIC ANALYSIS H1 REVENUES BY REGION NZD$ H1 FY18 H2 FY17 H1 FY17 No Up 11% Up 314% Change Up 61% on H1 FY17 on H1 FY17 on H1 FY17 on H1 FY17 8
Slide 9: Revenue Type Analysis
REVENUE TYPE ANALYSIS H1 FY18 REVENUES BY TYPE AND H1 & H2 FY17 COMPARISON NZD$ NZD$ RECURRNG REVENUES Up 89% on H1 FY17 9
Slide 10: Our People – International Growth
OUR PEOPLE – INTERNATIONAL GROWTH 487 People numbers have increased by 14% during 429 the half year and are 70% up on the same period last year. 286 Focus on: • rapid onboarding and reducing time to value • building a learning organisation where our people can build great careers. H1 FY17 FY17 H1 FY
Slide 11: FY18 Outlook
FY18 OUTLOOK • Strong pipeline of opportunities in all markets • Expect second half EBITDA performance to be broadly in line with the first half • Timing of key contract wins and project milestones are subject to uncertainty • Current trends and performance are consistent with our long term target o
Slide 12: Scalability and Sustainable Growth
SCALABILITY AND SUSTAINABLE GROWTH • Profitable growth in our existing markets • Invest in ongoing productisation, delivery model and partner ecosystem • Deliver cost effective cloud based solutions to enable our customers to innovate at pace • Active market watching - new geographies • Continuing o
Slide 13: Appendices
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Slide 14: GAAP to Non-GAAP Profit Reconciliation
GAAP TO NON-GAAP PROFIT RECONCILIATION 6 Months 6 Months 12 Months Period 31 Mar 18 31 Mar 17 30 Sept 17 unaudited unaudited audited Reported net profit for the period (GAAP) 8,364 5,562 11,825 Add back: net finance expense/(income) 1,475 (495) 1,152 Add back: income tax expense 3,112 2,091 5,611 Ad