Smart Parking Limited · ASX:SPZ
Smart Parking — Q1 FY22 Earnings Presentation
10 slides from Smart Parking's earnings presentation, Oct 29, 2021
Slide 1: Q1 FY22 Business Update
For personal use only Smart Parking Limited (ASX:SPZ) Q1 FY22 Business Update 29 October 2021 CEO Paul Gillespie smartparking.com
Slide 2: Q1 FY22 Update
Q1 FY22 Update For personal use only 738 Adjusted EBITDA Growth in parking Total $2.5m up breach notices up 190% 54% sites up 19% *As of 30 Sept 2021 compared to PCP *Compared to PCP *Q1 FY22 compared to PCP Cash of 2.6m 1,000 $ $ 10.9m Free cash flow *At 30 Sept 2021 *Full year FY21 $1.1m Sites tar
Slide 3: Business Update
Business Update | Strong growth trajectory as UK restrictions ease and For personal use only expanding addressable markets in New Zealand and Australia • UK Parking Services business experiencing rapid growth as COVID-19 restrictions ease, with all key metrics at or around pre-pandemic levels. • Com
Slide 4: Recovery under way: Revenue growth and margin expansion
Recovery under way | Revenue growth and margin expansion For personal use only Revenue (000s) Adjusted EBITDA (000s) Revenue up 62% 8,288 7,222 2,459 on PCP 5,129 5,055 3,265 1,574 61% on Q1 FY20 849 (pre-COVID) 562 (768) Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY2
Slide 5: Positive free cash flow: Strong balance sheet to fund growth
Positive free cash flow • Cash flow positive. | Strong balance sheet to fund growth • Positive operating cash flow For personal use only of $3.0m. • Cash on hand of $10.9m as at 30 September 2021. Cash Flow Waterfall (000s) 2,979 • Growth capex of $0.9m including ANPR camera equipment which (414) wi
Slide 6: Management services – growing the estate
Management services – growing the estate Site Reconciliation 119 Net new sites added For personal use only FY21 Q1 FY22 in Q1 FY22 128 1,000 738 (9) EPS (68) APAC (9) UK (51) 56 619 UK (50) 85 (13) 576 APAC (6) (5) 496 Sites growth target by Growth June 2023 – reaffirmed target: 1,000 180 389 sites
Slide 7: Multiple growth drivers: Significant recovery in PBNs
120% PM Lockdown Lockdown Some non-essential Some pubs allowed 10pm curfew Local England in Announcement begins extended shops allowed to re-open begins COVID-19 lockdown to re-open alert levels 100% Easter Sunday 80% Multiple growth drivers 60% 40% | Significant recovery in PBNs, new record level 2
Slide 8: Enterprise Parking Solutions acquisition
Enterprise Parking Solutions acquisition | Building scale in UK parking management For personal use only • Acquired Enterprise Parking Solutions (EPS) in August 2021 for $1.5m funded from cash reserves • Integration well under way – sites being migrated to SPZ systems and platform, due to be complet
Slide 9: FY22 priorities
FY22 priorities For personal use only • Continued execution of UK growth strategy – 180 net new sites in FY22. • Grow new territories with ANPR model in countries with appropriate jurisdictional framework – evaluating European opportunities. • NZ Parking Services business underway with 11 sites unde
Slide 10: Thank you.
For personal use only Thank you. Paul Gillespie | Group CEO | paul.gillespie@smartparking.com Richard Ludbrook | Group CFO | richard.ludbrook@smartparking.com smartparking.com