Service Stream Limited · ASX:SSM
Service Stream — H1 FY2007 Earnings Presentation
16 slides from Service Stream's earnings presentation, Mar 8, 2007
Slide 1: Interim Results Presentation March 2007
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Slide 2: Agenda
Agenda « Results Highlights ¢ Financial Summary ¢ Group Overview ¢« Qutlook
Slide 3: Highlights - Half-year to Dec 2006
Highlights - Half-year to Dec 2006 Record earnings performance + Revenue up 20.4% to $96.1M + EBITDA up 52.8% to $6.2M « NPAT up 75.6% to $3.3M Market Capitalisation exceeds $200M Increased fully franked interim dividend of 3.0 cents per share Growth through acquisitions and organic growth All divis
Slide 4: Half Year in Review
Half Year in Review Aug 06 Aug 06 Jan 07 Jan 07 Jan 07 Feb 07 Acquired Fibercom Vodafone contract extension and expansion Completes merger with TCl Cancels 40.3M shares Acquired General Purpose Group Awarded Do Not Call Register contract
Slide 5: Financial Summary - Reported Result
Financial Summary - Reported Result Revenue $96.1M $79.8M +20.4% EBITDA $6.2M $4.0M +52.8% EBIT $5.2M $3.3M +57.2% NPAT $3.3M $1.9M +75.6% Earnings Per Share 4.67 cps 3.43 cps +36.2% Interim Dividends 3.0 cps 0.75 cps +300.0% * HY 2006 results do not include any earnings for TCI (acquired 20 Decembe
Slide 6: Financial Summary - Pro Forma Result
Financial Summary - Pro Forma Result * HY 2006 Pro forma results assumes TC| was acquired on 1 July 2006 Revenue $138.5M $79.8M +73.6% EBITDA $14.5M $4.0M +262.5% EBIT $13.3M $3.3M +303.0% NPAT $7.9M $1.9M +315.8%
Slide 7: Continued Strong Growth
‘Continued Strong Growth Half-year Revenue / EBITDA (Pro Forma Dec 06) Nov 2004 Feb 2005 qf Jan 2006 Aug 2006 Jan 2007 Acquired || Acquited operating | | Acquired y iMG, | | Acquirod ——iftezem aD Merger @ Skilled Communications business of <| Mileom | Fibercom : : TCI Ltd Services | Pracom Limited T
Slide 8: Continued Strong Growth
Continued Strong Growth EBITDA $m (Pro Forma Dec 06) EBITDA % Margin (Pro Forma Dec 06) A 95% “5.08% dun05 Dec-05 un08 Dec-06 un-05 Bec-05 Ja08 Dec-06
Slide 9: Balance Sheet
Balance Sheet Cash 3.0 2.0 Payables & provisions 41.3 23.6 Receivables & WIP 56.2 33.0 Borrowings 38.3 6.5 Fixed Assets 57 AA Non-current liabilities 97 06 Other 64 14 Goodwill 148.2 18.6 Total Assets 224.2 59.4 Total Liabilities 89.3 30.7 Net Assets 134.9 28.7 Issued Capital 129.8 25.9 Reserves 0g
Slide 10: Status Report - Service Stream Group
Status Report - Service Stream Group * 2,100 staff and 22 branches nationally providing: - Outsourced field force management - Technical support - Customer assistance - Asset management services * Core operating divisions — Communications and Solutions * Telecommunications sector focus * Solid platf
Slide 11: | = «Service Stream
| = «Service Stream a ™ Brsibane + 22 Locations : = Geebung + Over 2,106 Staff Tet * Telecommunications Brisbane industry managed | (Service Stroam services Service Stream ; : * North Sydney specialist ™ Weishpoot * Silverwater * North Ryde * Fixed line and wireless expertise Ce : : Hold * Estimated
Slide 12: Business Structure
Business Structure | Service Stream Limited (SSM) S STR Communications | Labour Services installation & Maintenance Recoverable Works Business Streams S STR Solutions Embedded Technology Solutions Installs and Logistics Bundled ~~ Outsourced Solutions Customer Acquisitions & Directory ” Assistance M
Slide 13: TCI — Clients / Projects
TCI — Clients / Projects Vodafone — National responsibility for 2G and 3G rollout O vodatone (Acquisition & Build) + Completing Adelaide & Perth 3G rollout.2G works across all regions Telstra — Design, Construct, Installation & Commissioning - Gelstr a National + Design & build activity across all S
Slide 14: TCI — Clients / Projects
TCI — Clients / Projects Austar — Eastern States —-Regional Wireless Broadband rollout AU STAR, (Turnkey) — + Commercial rollout progressing — approx 100 sites. Additional sites from Broadband + Connect funding will be known mid June 2007 Ericsson — 3G 850Mhz upgrade on Telstra network —Qlid + Main
Slide 15: Outlook
Outlook Continued organic growth Ongoing vertical integration Broadening infrastructure roll-out capability Expanding into similar verticals Continue to seek out sensible acquisitions
Slide 16: Slide 16