Atturra Limited · ASX:ATA
Atturra — Investor Presentation (February 2023)
23 slides from Atturra's investor presentation, Feb 24, 2023
Slide 1: FY23 Half Year Results
FY23 Half Year Results 24 FEBRUARY 2023 CONTACT DETAILS Stephen Kowal Herb To Chief Executive Officer and Executive Director Chief Financial Officer 02 9657 0999 02 9657 0999 stephen.kowal@atturra.com herb.to@atturra.com This presentation has been authorised for release to the ASX by the Board of At
Slide 2: Agenda
Agenda |Results Summary |Business Overview |Financial Performance |Outlook FY23 Half Year Results 2
Slide 3: CEO statement on exceptional start to FY23
“I am proud to announce today that the Atturra team has had an exceptional start to FY23, continuing on from FY22. We have seen strong demand across the business, and importantly continued high team morale. The result reinforces the strength of our focused strategy ensuring we have leadership positi
Slide 4: Business Overview
Business Overview atturra FY23 Half Year Results
Slide 5: Vision and Opportunities
Vision and Opportunities Atturra aims to be Australia’s leading Advisory and IT solutions provider. We will achieve this by focusing on these strategies: Industry Technology Strategy Strategy A FOCUS ON INDUSTRIES IN WHICH: IS TO FOCUS ON: There are a high barrier to entry, for example Defence requi
Slide 6: Business Philosophy
Business Philosophy Our Business Philosophy remains unchanged from IPO Growth Investment Philosophy Philosophy Unchanged : IS TO FOCUS ON: 20 -25% ~9% Growth per annum, target a mix of Sustainable Underlying EBIT 50% organic and 50% inorganic Margin of approximately 9% and investing consistently int
Slide 7: Industry Focus
Industry Focus CLIENT SECTOR CORE CLIENT DEMANDS 1H FY23 PROGRESS BY INDUSTRY Expanded to over 130 Local Government Authorities across Australia and New Zealand Local providing expertise in TechnologyOne, Infor, Microsoft, Boomi and other leading council Government solutions. Simplify One of the lar
Slide 8: Business overview
Business overview Focused on capability growth and closer integration with other Atturra capabilities. Continued support to Defence in Joint Experimentation, Integrated Air and Missile Defence, Maritime Intelligence and Guided Advisory & Consulting Weapon Explosive Ordnance. Outside Defence major su
Slide 9: 1H FY23 Achievements
1H FY23 Achievements Award- Award- Award- Capital Raise winning winning winning Partnerships OpenText $25M Capital Raise APAC 2022 CRN 2022 APAC Insider Australian Promoted to OpenText To fund acquisitions Partner of the Impact Award for Made Award Professional Services Year Award Platform Innovatio
Slide 10: Atturra's rapidly growing client base
Atturra’s rapidly growing client base Our business continues to expand with over 45 new clients in the first 6 months of the year.
Slide 11: Financial Performance
Financial Performance atturra
Slide 12: Atturra 1H FY23 Financial Highlights
Atturra 1H FY23 Financial Highlights Atturra Results Revenue growth 34% on pcp $82.8m $7.7m EBIT growth of 39% on pcp Revenue EBIT Strong Balance Sheet – Well placed to acquire with cash $55m $4.5m balance of $55m Cash NPAT NPAT growth of 32% on pcp FY23 Half Year Results 12
Slide 13: Financial performance continued…
Financial performance continued… Consolidated Consolidated Consolidated Revenue Net Profit After Tax EBIT CAGR = 39% CAGR = 35% CAGR = 53% 5.0 9.0 90 82.8 4.5 7.7 8.0 80 4.0 7.0 70 61.9 3.4 6.0 5.5 60 3.0 2.5 5.0 50 42.9 4.0 3.3 40 2.0 3.0 30 2.0 20 1.0 1.0 10 0.0 0.0 0 HY21 HY22 HY23 HY21 HY22 HY23
Slide 14: Revenue Bridge
Revenue Bridge 34% Strong Revenue growth on pcp driven by a mix of organic and inorganic growth in-line with company strategy, made up of: Acquisition Contribution The revenue of the acquisitions made in 2H FY22, based on the revenue of those Acquisitions in 1H FY22. Organic Growth Growth from the c
Slide 15: 1H FY23 Financial Results
34% increase on pcp in revenue to 1H FY23 Financial Results $82.8m Quality of business is stable, Gross Margin slight decrease of 3% to 31% Improved profitability H1 FY23 H1 FY22 % 30% increase in underlying EBIT to $8.3m Revenue from customers 82,769 61,879 34% Underlying EBIT margin EBIT steady at
Slide 16: Balance Sheet
Balance Sheet $25.0m Cash raised in Capital Raising 31-Dec-22 30-Jun-22 % Change Cash and cash equivalents 54,971 35,130 56% $24.2m After costs Trade and other receivables 30,472 32,840 -7% Contract assets 1,011 420 141% Other current assets 2,361 2,719 -13% Investments accounted for using the equit
Slide 17: Cash Flow
Cash Flow Cash flow to operations $0.1m increase of $1.3m pcp (AUD $,000) H1 FY23 H1 FY22 % Change Opening Cash 35,130 17,328 103% Cashflows from operations 80 -1,270 NM Investment in Subsidiaries Investments in Subsidiaries -3,800 -3,484 NM Earn-out payments to subsidiaries Investments in PPE and i
Slide 18: Outlook
Outlook atturra FY23 Half Year Results
Slide 19: Outlook 2H FY23 and FY24
Outlook 2H FY23 and FY24 As outlined in the 30 Jan 2023 ASX announcement, Australian IT Market continues to ‘Acquisition 03’ is not proceeding. perform strongly despite broader If ‘Acquisition 01’ and ‘Acquisition 02’ proceed, this macro-economic effects. will result in a FY24 forecast of As both ac
Slide 20: Other key items
Other key items Timing of Government Work and Payments • Very strong 1H FY23 in part due to revenue timing of government work bringing forward approximately $2M of revenue from 2H FY23. • Cash balance is strong at $55M, in part due to timing of government payments (circa $4M – same as FY22). Core Sy
Slide 21: Question and Answers
Question and Answers atturra FY23 Half Year Results
Slide 22: Important Notice & Disclaimer
Important Notice & Disclaimer The material in this presentation This presentation has not been No representation or warranty, is general background information audited in accordance with the expressed or implied, is made to about Atturra Limited (34 654 662 638) Australian Auditing Standards. the fa
Slide 23: Thank you
Thank you CONTACT DETAILS Stephen Kowal Herb To Chief Executive Officer and Executive Director Chief Financial Officer 02 9657 0999 02 9657 0999 stephen.kowal@atturra.com herb.to@atturra.com Atturra Limited | ABN 34 654 662 638 | Level 2, 10 Bond Street, Sydney NSW 2000