Atturra Limited · ASX:ATA
Atturra — Investor Presentation (February 2024)
32 slides from Atturra's investor presentation, Feb 26, 2024
Slide 1: FY24 Half Year Results
FY24 Half Year Results 26 FEBRUARY 2024 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 At
Slide 2: 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 3: Agenda
Agenda |Results Summary |Business Overview |Business Update |Financial Performance |Outlook |Q&A FY24 Half Year Results 3
Slide 4: FY24 is proving to be a transformational year for Atturra
“FY24 is proving to be a transformational year for Atturra, with the expansion of the business to be able to provide true end-to-end IT services. I am proud to announce today that Atturra is still on a strong growth trajectory, and we have seen continued demand across the business. Revenue increased
Slide 5: Business Overview
Business Overview atturra FY24 Half Year Results
Slide 6: Company Profile
Company Profile Client Metrics FY23 Revenue by Industry Company Profile 15% Name Atturra Limited ASX Ticker ATA 9% 41% Revenue $111.1 Million (1H FY24) FY24 FC: $235M+ 6% Underlying EBITDA $11.1 Million (1H FY24) FY24 FC : $25M+ 7% 10% 12% Employees (onshore) 900+ Founded 2015 Defence and Federal Go
Slide 7: Vision and Strategy
Vision and Strategy 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 Our technology strategy is to focus on: on industries in which there is: • high
Slide 8: 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 9: Deep Industry Expertise
Deep Industry Expertise Federal & State Utilities Local Government Government Enable utilities to adapt to Atturra is the only holistic Largest sovereign publicly listed changing customer needs; services provider to Australia Advisory, IT Services and reinvent and stay and New Zealand, with over Sol
Slide 10: Local Government
Local Government Atturra is the only holistic services provider to Australian and New Zealand Local Government Clients End-to-end Capabilities Strategic Vision WORKED WITH Business Advisory Continue to grow consulting support 140+ across our chosen technologies such Core Application Expertise as Tec
Slide 11: Education K-12
Education K-12 Atturra is the leading trusted partner in K-12 Education with its end-to-end solutions delivered by expert industry practitioners Clients Major Partnerships Strategic Vision WORKED WITH Enhance the teaching and learning experience 300+ through strategic use of technology led by indust
Slide 12: Atturra Capabilities
Atturra Capabilities Providing end-to-end solutions Continued support to Defence in Joint Experimentation Directorate ADVISORY & Unparalleled industry providing analytical capability for the DSR implementation and CONSULTING insight, knowledge and delivered the project to support the achievement of
Slide 13: Cloud Business Solutions
Cloud Business Solutions Atturra is the only ASX-listed sovereign provider with 5 Microsoft solution partner designations, and a [Insert Unique Selling Points] core IT services focus on delivering end-to-end capability at an enterprise scale for highly regulated organisations. 300+ Strategic Initiat
Slide 14: Data & Integration
Data & Integration AtturraUnique [Insert is the only Selling ASX-listed Points] company that is an award-winning leading partner in APJ for both structured and unstructured data enterprise solutions 1250+ #1 Boomi Partner APJ Strategic Initiatives #1 Software AG Partner ANZ RECOGNISED #1 Smartsheet
Slide 15: Business Update
Business Update atturra FY24 Half Year Results
Slide 16: 1H FY24 Achievements
1H FY24 Achievements Award- Award- Award- Acquisitions winning winning winning Partnerships Silverdrop Assets & OpenText HPE Boomi Microsoft Business Acquisition APAC Regional Partner Service Partner of the APJ Partner of the Year Cloud Partner August 2023 of the Year Award Year Program 5 out of 6 B
Slide 17: Atturra's rapidly growing client base
Atturra’s rapidly growing client base Our business continues to expand with over 45 new clients in the first 6 months of the year.
Slide 18: Integration 2H FY24 and FY25
Integration 2H FY24 and FY25 Atturra’s strategy is to integrate acquired businesses Final steps to full integration and maximise the common processes, including sales. Significant progress has been made on the integration of recent acquisitions. Complete consolidation of Managed Services ERP Company
Slide 19: Investment and Other Items
Investment and Other 2H FY24 and FY25 Items Sales Focus As highlighted in the FY23 full year results, as part of our normal operations Atturra has made significant investments in the 1H FY24. Continue to invest in senior sales capability, Managed Services Sales and Solutioning, invested primarily ar
Slide 20: Revenue Composition
Revenue Composition Revenue Composition As indicated in FY23 results, Atturra, with effect 1H FY24 will commence providing revenue breakup by 3 categories : 1) Recurring Revenue 17% 2) Long Term Client Revenue 3) Other Revenue 50% The detailed definition of these categories is at the 33% end of the
Slide 21: Financial Performance
Financial Performance atturra = Fy24 Halt Year Results
Slide 22: Atturra 1H FY24 Financial Highlights
Atturra 1H FY24 Financial Highlights Atturra Results Revenue growth of 34% on pcp $111.1m $11.1m Underlying EBITDA growth of 22% on pcp Revenue Underlying EBITDA Strong Balance Sheet – well placed to $48.5m $6.3m acquire with cash balance of $48.5M Cash Underlying NPATA Underlying NPATA growth of 23
Slide 23: Financial Highlights (continued)
Financial Highlights (continued) Consolidated Consolidated Revenue Revenue EBITDA (Underlying) Composition 120 CAGR = 37% 111.1 12.0 CAGR = 48% 11.1 100 10.0 9.1 82.8 17% 80 8.0 7.1 61.9 50% 60 6.0 42.9 33% 40 4.0 3.4 20 2.0 0 0.0 HY21 HY22 HY23 HY24 Other Recurring Long Term HY21 HY22 HY23 HY24 Rev
Slide 24: NPATA Bridge
NPATA Bridge 23% Strong Underlying NPATA growth on pcp NPATA Adjusted NPAT (“NPATA”) adds back client relationship intangible amortisation and acquired software amortisation. Legend: Increase Decrease Total *Note: The revenue bridge is unaudited. Figures in AUD in millions ($) unless stated otherwis
Slide 25: 1H FY24 Financial Results
34% increase on pcp in revenue to 1H FY24 Financial Results $111.1m Quality of business is stable, Gross Margin steady at 31% H1 FY24 H1 FY23 % Improved profitability 4% increase in underlying EBIT to $8.6m Revenue from customers 111,051 82,769 34% Underlying EBIT margin EBIT 5,321 7,709 -31% slight
Slide 26: Balance Sheet
Balance Sheet $39.0m Cash raised in Capital Raising 31-Dec-23 30-Jun-23 % Change Cash and cash equivalents 48,504 44,250 10% Trade and other receivables Contract assets 48,366 3,525 39,627 422 22% 735% $38.2m After costs Inventories 2,832 755 275% Income tax 479 - Nm Other current assets 3,520 2,356
Slide 27: Cash Flow
Cash Flow Cash flow to operations $0.1m Steady on pcp (AUD $,000) H1 FY24 H1 FY23 % Change Opening Cash 44,250 35,130 26% Cashflows from operations 73 80 -9% Investments in Subsidiaries -49,140 -3,800 1193% Investment in Subsidiaries Incl. earn-out payments to subsidiaries Investments in PPE and int
Slide 28: Outlook
Outlook atturra FY24 Half Year Results
Slide 29: Outlook 2H FY24 and FY25
Outlook 2H FY24 and FY25 Atturra reaffirms our forecast, and we anticipate Australian IT Market continues to revenue of $235M+ and underlying EBITDA of $25M+ perform strongly despite broader for FY24. macro-economic effects Core activities for 2H FY24 are to continue: Complete integration of all pri
Slide 30: Question and Answers
Question and Answers atturra FY24 Half Year Results
Slide 31: Appendix: Atturra Revenue Category Definitions
Appendix: Atturra Revenue Category Definitions Revenue categorisation is defined by Long term client revenue Atturra below. The categories are a. Revenue from clients that unaudited and extracted from have acquired similar management systems. services from Atturra for more than 3 years, and The 3 ke
Slide 32: 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