Slide 1: Full Year Results Presentation
For personal use only Smart Parking Limited ASX:SPZ Full Year Results Presentation CEO Paul Gillespie & CFO Richard Ludbrook 21st August 2017
Slide 2: Smart Parking | Business Overview
Smart Parking | Business Overview For personal use only World leading technology for parking design, development & management MANAGEMENT SERVICES | UK TECHNOLOGY | GLOBAL Profitable and operates exclusively in the Designs, develops and specialises in on-street UK. Specialises in managing car parks o
Slide 3: Highlights
HIGHLIGHTS For personal use only • Record FY17 results • Global technology rollout • New clients & deals • New R&D Smart City Platform development • Expanding workforce
Slide 4: Highlights | FY17
Highlights | FY17 For personal use only Smart Parking has made excellent progress throughout the 2017 financial year. Our robust financial results has been supported by continued customer wins, refinements to our operational performance and continued installation of Smart Parking’s technology around
Slide 5: Highlights | FY17
Highlights | FY17 For personal use only CARDIFF, United Kingdom Services Technology Expansion Wilson Parking New Zealand The Cardiff City Council order Smart Parking Services Smart Parking wins new represents Europe’s first business continues the roll out contract with Wilson Parking, city-wide depl
Slide 6: Financials
FINANCIALS For personal use only • Adjusted Group EBITDA up 44% to $3.2 million* • Adjusted Group EBITDA margin up 4% to 10.8%* • Parking Management EBITDA up 47% to $7.9m* * In constant currency and before non-recurring items
Slide 7: Financials | FY17
Financials | FY17 For personal use only Smart Parking’s transformation continues following a 44% Adjusted EBITDA improvement (in constant currency) from the prior corresponding period despite the loss of the Asda contract in April 2016. Adjusted EBITDA (in constant currency) rose to $3.2 million whi
Slide 8: Group Financials | FY17
Group Financials | FY17 For personal use only EBITDA margin growth continues into FY17 34,000 31,805 In Constant Currency 29,045 29,000 24,841 Adjusted EBITDA 23,795 24,000 Up $1.0m on FY16 despite loss 19,000 of Asda 14,000 Adjusted EBITDA margin Up from 6.9% to 10.8% 9,000 Revenue 4,000 2,182 2,20
Slide 9: Statutory Results - Reconciliation | FY17
Statutory Results - Reconciliation| FY17 For personal use only (000’s) FY17 FY17 at FY16 FY16 FY17 at FY16 Provision for VAT exchange rates exchange rates versus The Company is aware of an Upper FY16 Tier Tribunal Ruling in the UK Total Revenue 24,841 29,045 31,805 Down 8.7% impacting the treatment
Slide 10: UK Management Services | FY17
UK Management Services | FY17 For personal use only EBITDA margin growth continues into FY17 30,000 28,380 EBITDA 25,388 Up 21% on FY16 25,000 21,406 20,964 Up 47% in constant currency 20,000 on FY16 EBITDA margin 15,000 Up from 18.8% to 30.9% 10,000 7,865 Revenue 6,485 5,000 5,347 $21.0m is down 26
Slide 11: UK Management Services | ex Asda
UK Management Services | ex Asda For personal use only Growth in parking breach notices set to continue 100,000 91,538 90,588 90,000 Parking Breach Notices 81,114 up 59% compared to 80,000 FY16 71,874 70,000 Strong growth 63,104 expected in FY18 with 60,000 the continued roll out of ANPR 50,553 51,2
Slide 12: Technology | FY17
Technology | FY17 For personal use only Ongoing investment in Technology 5,580 New Wins 5,000 5,146 New contract wins in the 3,994 UK, New Zealand and Australia 3,000 Continued Technology Investment 1,000 Delivers new Smart City Revenue EBITDA technology platform in FY17 (1,000) Growth Ahead (2,520)
Slide 13: Group Financial Position
Group Financial Position For personal use only Completed $11.1m capital raising Current Assets & Equity reflect $11.1m capital raising Deferred Tax Asset reduced by $0.4m following UK ($000's) Jun 2017 Jun 2016 profitability Current Assets 21,386 11,050 Non Current Assets 7,405 8,929 Fixed Asset Add
Slide 14: Group Cash Flow
Group Cash Flow For personal use only Capital raising of $11.1 million funds for ($000's) Jun 2017 Jun 2016 future growth Operating cash flows 659 798 Net operating cash inflow of $0.7m, Q4 Investing cash flows (1,457) (2,398) had operating cash inflows of $0.8m Financing cash flows 11,086 (90) (exc
Slide 15: Business Update
BUSINESS For personal use only UPDATE Management Services • UK Services business continues to deliver earnings growth Technology New business wins and significant technological advancement
Slide 16: Management Services | FY17 Highlights
Management Services | FY17 Highlights For personal use only UK Management Services continues to deliver growth through installation of Automatic Number Plate Recognition [ANPR] technology EBITDA margin growth of 12% to 31% demonstrates the quality of new business EBITDA increased 47% to $7.9m (in co
Slide 17: Management Services | FY17
Management Services | FY17 For personal use only UK Services business continues to deliver great results OUR UK CUSTOMERS FY18 pipeline looking strong and supports the continued investment in ANPR technology Smart Parking FY17 Results Presentation
Slide 18: Technology | FY17 Highlights
Technology | FY17 Highlights For personal use only Secured new customer orders across UK, New Zealand and Australia • Cardiff City Council – 3,000 sensors • Hamilton City Council – 1,345 sensors • Coles Supermarkets – 1,100 sensors • Hobart City Council – 2,100 sensors • Wilson Parking New Zealand 3
Slide 19: Technology Global Footprint | FY17
Technology Global Footprint | FY17 For personal use only We have delivered and Netherlands support sophisticated parking United Kingdom systems UAE across the globe, with solutions for: • shopping centres • supermarkets Australia • airports • commercial parking sites Malaysia • universities Costa Ri
Slide 20: Technology | Expansion ramps up
Technology | Expansion ramps up For personal use only Expanding across key markets: UK, AUS, NZ | Strengthening sales capacity OUR TECHNOLOGY CUSTOMERS UK: Cardiff City Council order to install 3,000 sensors Australia: Coles Supermarkets order to install 1,100 sensors across 5 locations Australia: H
Slide 21: Technology orders for FY18 Revenue
Technology orders for FY18 Revenue For personal use only Firm orders of $2.5m secured for FY18 Australia: New Zealand: • Coles Supermarkets 262 sensors • Wilson Parking 3,000+ sensors • Hobart City Council order 2,100 across multiple locations • Telstra 449 sensors • Hamilton City Council 1,345 • Ci
Slide 22: FY17 R&D | New Smart Cities Platform
FY17 R&D | New Smart Cities Platform For personal use only New Smart Cities platform delivers break-through advantages for our Smart Information Services for Cities and Businesses Eliminates costs associated with code development and maintenance SPZ ready for the future of Smart Cities and the Inter
Slide 23: FY17 R&D | New Smart Cities Platform
FY17 R&D | New Smart Cities Platform For personal use only New Revenue opportunities for subscription and pay-for- use based service Modular Service Solutions Delivery Platform beyond the parking vertical Integration of leading Big Data, IoT capabilities and analytics Smart Parking FY17 Results Pres
Slide 24: Global Application for FY18
Global Application for FY18 For personal use only Cardiff City Council chose Smart Parking Technology to transform the parking experience across the city Smart Parking have developed a new app to provide guidance, payment and enforcement capabilities SPZ App ready for global release Smart Parking FY
Slide 25: Outlook
OUTLOOK For personal use only • Strong pipeline of business • Growing client relationships • Well placed to capture demand • Investing in technology innovation • Fully funded to execute strategy • Future ready for Smart City growth
Slide 26: Glossary
GLOSSARY For personal use only Adjusted EBITDA – The Board assesses the underlying performance of the Group based on a measure of Adjusted EBITDA which takes into account costs incurred in the current period but not expected to occur in the future. EBITDA – represents Earnings before interest, taxat
Slide 27: Smart Parking Contact
For personal use only Smart Parking Contact Paul Gillespie Chief Executive Officer paul.gillespie@smartparking.com Richard Ludbrook Chief Financial Officer richard.ludbrook@smartparking.com Media & Investor Enquiries Julia Maguire www.smartparking.com T: +61 419 815 386 Connect with Smart Parking in
Slide 28: Supplementary Information
For personal use only SUPPLEMENTARY INFORMATION
Slide 29: Management Services | How it works
Management Services | How it works For personal use only Parking management improving customer satisfaction & revenue generation ANPR | Automatic Number Plate Recognition Pay & Display | ANPR Linked Automated Payment System Site Surveys | Real-time information, analysis and trend data Parking Attend
Slide 30: ANPR | How it works
ANPR | How it works For personal use only Automatic Number/ License Plate Recognition (ANPR) • ANPR parking system: Reliable, accurate, cost effective off-street parking management solution • Proven to serve a wide range of industry: Supermarkets, retail, hotels, hospitals, leisure centres • Smart P
Slide 31: Technology | How it works
Technology | How it works For personal use only Providing effective parking management solutions around the world SmartCloud SmartRep Server SmartAPI SmartGuide Variable Overhead Message Sensors Marshal Signs SmartApp SmartTag Handheld SmartSpot Pay & Walk SmartEye Smart Parking FY17 H1 Presentation
Slide 32: Technology | SmartApp Features
Technology |SmartApp Features For personal use only Search for nearby parking, see real-time data on a map receive directions to a car park and discover additional car park information Smart Parking FY17 Results Presentation 31
Slide 33: Technology | SmartApp Features
Technology |SmartApp Features For personal use only Set a timer or extend parking, receive notifications make a payment and see a full transaction history Smart Parking FY17 Results Presentation 32
Slide 34: Sydney Operations | Video Highlights
Sydney Operations | Video Highlights For personal use only Mosman / BridgePoint Shopping Centre Off and on-street sensor technology, overhead lights and in-ground sensors give real-time data to improve parking Waverley Council In-ground vehicle sensors and partnership with APARC enhance parking in o
Slide 35: Smart Parking | Legal Disclaimer
Smart Parking | Legal Disclaimer For personal use only The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselv