Slide 1: FY23 Full Year Results
FY23 Full Year Results 31 AUGUST 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 Attu
Slide 2: Agenda
Agenda |Results Summary |Business Overview |Financial Performance |Outlook |Q&A
Slide 3: CEO statement on FY23 result
“I am proud to announce today that Atturra has continued to deliver ongoing strong growth while exceeding overall profit objectives. This result reinforces the strength of our strategy ensuring we have leadership positions in key technologies and industries. Revenue increased by 33% on prior compara
Slide 4: Business Overview
Business Overview atturra FY23 Full Year Results
Slide 5: Vision and Strategy
Vision and Strategy Our Vision and Strategy remain unchanged. 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 Our industry strategy is to focus on Our technology strategy is to focu
Slide 6: Business Philosophy
Business Philosophy Growth Philosophy Investment Philosophy Our Business GROWTH PER ANNUM IS TO FOCUS ON: 20%+ 10.5%+ Philosophy continues to focus on growth while delivering a targeting a mix of both organic Underlying* EBITDA margin of sustainable margin and inorganic approximately 10.5% and inves
Slide 7: Industry Focus (remains unchanged)
Industry Focus (remains unchanged) CLIENT SECTOR FY23 PROGRESS BY INDUSTRY Local Expanded to over 140 Local Government Authorities across Australia and New Zealand providing Government expertise in TechnologyOne, Infor, Microsoft, Boomi and other leading council solutions. Simplify One of the larges
Slide 8: Business Overview
Business Overview Continued support to Defence in Joint Experimentation Directorate providing analytical capability for the Advisory & Consulting Defence Strategic Review. Also engaged by Sports Integrity Australia (SIA) to develop an operating framework and Australian Pesticides and Veterinary Medi
Slide 9: FY23 Achievements
FY23 Achievements Acquisitions Award-winning Award-winning Partnerships Partnerships Hammond Street QAD CRN Microsoft Databricks Developments Global Award Impact Award for Cloud Partner One platform for data Pty Ltd for Growth Platform Innovation Program 4 out of 6 February 2023 designations Denodo
Slide 10: Atturra continues to grow its client base
Atturra continues to grow its client base Our business continues to expand with over 70 new clients during the financial year. 70 OVER NEW CLIENTS
Slide 11: Financial Performance
Financial Performance
Slide 12: Atturra FY23 Financial Highlights
Atturra FY23 Financial Highlights Atturra Results Revenue growth of 33% on pcp $178.3m $16.6m EBIT growth of 34% on pcp Revenue EBIT Underlying EBITDA of $21m $10.6m $21m exceeding guidance Underlying NPAT EBITDA* NPAT growth of 32% on pcp * Underlying EBITDA is a financial measure which is not pres
Slide 13: Financial Highlights (continued)
Financial Highlights (continued) Consolidated Consolidated Consolidated Revenue Net Profit After Tax EBIT CAGR = 35% CAGR = 18% CAGR = 31% 200 12 18 178.3 10.6 16.6 16 10 150 14 134.6 8.1 12.4 8 7.6 12 98.3 10 9.6 100 6 8 4 6 50 4 2 2 0 0 0 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 33% 32% 34% Re
Slide 14: Revenue Bridge
Revenue Bridge 33% Strong Revenue growth on pcp driven by a mix of organic and inorganic growth in line with company strategy. Acquisition Contribution The revenue from acquisitions made in FY23, based on the revenue of those acquisitions in FY22. Organic Growth Growth from the core businesses and t
Slide 15: FY23 Financial Results
33% increase on pcp in revenue to $178.3m FY23 Financial Results Quality of business is within the Gross Margin guidance range of 28-35% Earnings per share up 14% to 4.71 cents FY23 FY22 % Revenue from customers 178,331 134,579 33% EBITDA and Underlying EBITDA EBIT 16,571 12,355 34% are calculated a
Slide 16: Balance Sheet
Balance Sheet $25.0m Less Cash raised in Capital Raising Related fees $0.8m paid in the period 30-Jun-23 30-Jun-22 % Change Cash and cash equivalents 44,250 35,130 26% Trade and other receivables 39,627 32,840 21% Contract assets 422 420 0% $24.2m After costs Inventories 755 0 *Nm Other current asse
Slide 17: Cash Flow
Cash Flow Cash flow from operations $10.5m increase of $0.3m pcp (AUD $,000) FY23 FY22 % Change Opening Cash 35,130 17,328 103% Investment in Subsidiaries Cashflows from operations 10,469 10,170 Nm Acquisition of subsidiaries, Investments in Subsidiaries -22,165 -13,658 Nm net of cash acquired Inves
Slide 18: Outlook
Outlook atturra FY23 Full Year Results
Slide 19: Outlook FY24
Outlook FY24 Despite general economic uncertainty Australian IT Market continues to Atturra continues to see strong demand. perform strongly despite broader macro-economic conditions. In Canberra (primarily Defence and Federal Government) there continues to be Continued buildout of Industry skills,
Slide 20: Acquisition Strategy
Acquisition Strategy Continued Focus on Acquisitions • Silverdrop further expands our capabilities in HR/Payroll systems growing our team and adding a technology stack that is prevalent in Local Government • Upcoming acquisition (name confidential until announced). Expecting to close imminently a sm
Slide 21: Acquisition Strategy (continued)
Acquisition Strategy (continued) Integration Update • Atturra continues to invest in integration of each acquisition, ensuring that the benefits of consistent systems and processes can be leveraged as Atturra grows. • HSD acquired in FY23 has completed integration of all core processes, rebranding c
Slide 22: Investments and other items
Investments and other items Timing of Government Next 12 months Work and Payments Cash balance is strong at • Strong focus in 1H FY24 investing in managed services $44m, in part due to timing sales and solutioning ($1.25m annualised) of government payments (circa $6m – note in FY22 • Strong focus in
Slide 23: Q&A
Q&A atturra FY23 Full Year Results
Slide 24: 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 25: 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