Slide 1: ASX cover letter: Half-Year Results Presentation
For personal use only 21 February 2008 The Manager Company Announcements Office Australian Stock Exchange Limited By Electronic Lodgement Dear Sir Servcorp Limited (SRV) Half-Year Results Presentation Enclosed is a copy of the half year update presented by Servcorp’s Director, Taine Moufarrige, at S
Slide 2: Analyst Presentation: Results – Half year ended 31 December 2007
For personal use only Analyst Presentation Results – Half year ended 31 December 2007 Thursday 21 February 2008
Slide 3: Revenue
REVENUE For personal use only 6 months ended 31 December 2007 100 92.70 90 79.45 80 68.72 70 A$million 60 50 40 30 20 10 0 2005 2006 2007
Slide 4: Mature Floors NPBT
MATURE FLOORS NPBT For personal use only 6 months ended 31 December 2007 30 27.33 25 19.29 A$million 20 18.37 15 10 5 0 2005 2006 2007
Slide 5: July–Dec 2007 Highlights
JULY – DEC 2007 HIGHLIGHTS For personal use only • NPBT up 66% to $23.59 million • Cash from operations up 29% to $25.23 million • Cash up to $74.00 million • Immature floors losses down • Strong occupancy of 85% across the group • Net Tangible Asset backing is $1.29 per share – up 18% • Dividend de
Slide 6: Earnings Per Share
EARNINGS PER SHARE For personal use only 6 months ended 31 December 2007 25 21.80 20 A$ cents per share 14.80 15 12.70 10 5 0 2005 2006 2007
Slide 7: 2007/2008 New Floors
2007/2008 9 NEW FLOORS For personal use only • CHENGDU, The Office Tower – September 2007 • SYDNEY, MLC 56 – January 2008 • PARIS, Haussmann – January 2008 • WELLINGTON, Vodafone Building – February 2008 • BAHRAIN, BFH (2nd floor) – March 2008 • SYDNEY, Nexus Building Norwest – May 2008 • QATAR, CB
Slide 8: 2007/2008 New Franchise Floors
2007/2008 3 NEW FRANCHISE FLOORS For personal use only • INDIA, Mumbai – February 2008 • CANBERRA, Barton – March 2008 • INDIA, Hyderabad – April 2008
Slide 9: Servcorp Differentiates Itself in the Market Place
SERVCORP DIFFERENTIATES ITSELF IN THE MARKET PLACE WITH: For personal use only • LOCATIONS • TECHNOLOGY • PEOPLE
Slide 10: 2007/2008 Focus on Controlled Growth
2007/2008 FOCUS ON CONTROLLED GROWTH For personal use only • Focus on retaining strong management • Focus on maintaining strong margins on mature floors • Focus on maintaining occupancy on mature floors • Focus on filling immature floors as fast as we can • Focus on maximising, rolling out and getti
Slide 11: Around the World: Europe & Middle East
AROUND THE WORLD JANUARY - DECEMBER 2007 For personal use only EUROPE & MIDDLE EAST • Dubai - booming • Bahrain - booming – new floor • Middle East – looking at opportunities • Europe - Losing Edouard VII - New spectacular floor
Slide 12: Around the World: Japan
AROUND THE WORLD JANUARY - DECEMBER 2007 For personal use only JAPAN • Profit stabilised • Great locations performing well but ……… • Competitive markets – particularly in Tokyo • Weak Yen hurts • Tough in the South
Slide 13: Around the World: Asia & China
AROUND THE WORLD JANUARY-DECEMBER 2007 For personal use only ASIA & CHINA • Booming • Rents up, low vacancies • Hong Kong and Singapore particularly tight • Thailand still uncertain • China – take opportunities as they come
Slide 14: Around the World: Australia & New Zealand
AROUND THE WORLD JANUARY-DECEMBER 2007 For personal use only AUSTRALIA & NEW ZEALAND • Booming almost everywhere in Australia • Sydney and Melbourne are tightening • Lost Chifley Level 25 • New Zealand – New floor in Wellington
Slide 15: Around the World: India
AROUND THE WORLD JANUARY-DECEMBER 2007 For personal use only INDIA • Franchise Agreement with the K Raheja Corporation - Mumbai - open - Hyderabad – open in March • Revenue slowly coming in • No compromise on standards • Product protected • 6 centres in 3 years • Franchise model – “in a box”
Slide 16: 2007/2008 Forecast
2007/2008 FORECAST For personal use only • Mature floor profit forecast of not less than A$48.00 million for the 2007/2008 year • Currency risk with the strong $A • Proceeding carefully and cautiously • Looking for opportunities • Office² - performing as expected