Slide 1: FY14 Review
For personal use only FY14 REVIEW
Slide 2: Highlights
Highlights For personal use only New, proven #1 ✓ management team Industry Reputation for Leadership Quality and Delivery Delivered growth Improving Execution Forecast growth Scale, National Major
Slide 3: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW FINANCIAL REVIEW One of the Riser No. 5 pipework modules being lifted into SUMMARY position prior to installation at the new Royal Adelaide Hospital Project 29/08/2014 Investor Presentation FY13-14 3
Slide 4: Results Highlights
Results Highlights For personal use only Full Year Highlights Revenue $492 million (2013: $474 million); Revenue EBITDA loss of $10.7 million (2013: profit of $12.8 million); 500 Millions Goodwill was impaired by $40 million in the full year 450 Net loss of $54.8 million (2013: net profit of
Slide 5: We Are Well Positioned
We Are Well Positioned For personal use only TECHNICAL DESIGN & TECHNICAL MAINTENANCE TECHNICAL FIELD FORCE CONSTRUCTION PROJECTS SERVICES SOLUTIONS TDCP TMS TFFS FY14 Revenue $234.2m (FY13 $249.7m) $98.5m (FY13 $89.8m) $158.9m (FY13 $134.8m) Design, drafting, Ongoing maintenance Communication
Slide 6: We Are Getting Back to Basics
We Are Getting Back to Basics For personal use only End to End service provision and bundling Value Add & Advisory Services Clear Growth Options Cost reduction & efficiency Working capital Good Foundation focus Governance and project lifecycle New discipline Solid Scale and proven revenues position
Slide 7: We are Getting Back to Basics
We are Getting Back to Basics For personal use only Good forward order book Good long term annuity contracts with top tier clients We are in a business that is attractive - provided contracts are managed properly 1. We have the revenue. Focus will be on converting this to: Solid • Earnings •
Slide 8: We are Getting Back to Basics
We are Getting Back to Basics For personal use only 4. Account management Enhanced project review procedures Governance Enhanced Bid Governance Procedures and Project Risks & opportunities “Flying Squad” General Managers executing well and efficiently with close attention to detail Lifecyc
Slide 9: We are Getting Back to Basics
We are Getting Back to Basics For personal use only Outsourcing of ticket of work management is on the increase Timing is good as we are at the start of the current growth cycle in residential and non 7. residential construction Clear Growth We have national blue chip clients in our maintenanc
Slide 10: We Are Improving Execution by Getting Back to Basics
We Are Improving Execution by Getting Back to Basics For personal use only 2014 March April May June FY15 Priorities Nick Yates Thinning of Working capital Cost reduction Ongoing margin appointed CEO Corporate Team reviews & efficiency improvement (No implemented improvements and cost compensatory i
Slide 11: Multiple Growth Sources
Multiple Growth Sources For personal use only Focus is on profitability before growth . . . but there are several growth sources Every service with every client Every discipline in every state (e.g. Fire services) Leveraging “man in the van” capability to in-home service providers Grow margi
Slide 12: What is the Market Doing?
What is the Market Doing? For personal use only Building & Construction Industry has turned the corner with sustainable growth expected going forward High attrition rates in the HVAC industry has reduced tier one competition TDCP Profit margins forecast to improve over the next five years La
Slide 13: Health & Safety Performance FY14
Health & Safety Performance FY14 For personal use only BSA Group FY14 Monthly Lost Time Incident Trend BSA’s ongoing commitment to 10.00 workplace health and safety has 9.00 delivered substantial improvement 8.00 across all key indicators over the last 7.00 three years including: 6.00 5.00 A reduc
Slide 14: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW FINANCIAL REVIEW One of the 64 Level One Mechanical Services Ring Main SUMMARY modules arriving on site at the new Royal Adelaide Hospital. 29/08/2014 Investor Presentation FY13-14 14
Slide 15: Technical Design & Construction Projects
Technical Design & Construction Projects For personal use only Revenue Overview (Excluding corporate recharges & Impairment) Revenue $234.2 million (2013: $249.7 million) Millions H2 Revenue $110.5 million (2013: $118.8 million) $250 EBITDA loss of $12.4 million (2013: $6.0 million profit) H
Slide 16: Technical Field Force Solutions
Technical Field Force Solutions For personal use only Revenue Overview (Excluding corporate recharges & Impairment) TFFS Revenue $158.9 million (2013: $134.8 million) $200 H2 Revenue $84.4 million (2013: $71.7 million) Millions $180 TFFS EBITDA $3.6 million (2013: $5.1 million) $160 H2 EBITD
Slide 17: Technical Maintenance Services
Technical Maintenance Services For personal use only Revenue Overview (Excluding corporate recharges and Impairment) $120 Millions TMS Revenue $98.5 million (2013: $89.8 million) $100 H2 Revenue $48.4 million (2013: $49.2 million) TMS EBITDA $3.1 million (2013: $5.5 million) $80 H2 EBITDA $2
Slide 18: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW FINANCIAL REVIEW SUMMARY Completion of works at Monash University, New Horizons Building 29/08/2014 Investor Presentation FY13-14 18
Slide 19: Income: Financial Performance
Income For personal use only Financial Performance ($000) Full Year Full Year SUMMARY 2013/14 2012/13 Revenue $ 491,613 474,180 EBITDA profit (loss) $ (10,748) 12,815 EBITDA % (2.2%) 2.7% EBIT profit (loss) $ (59,077) 4,374 NPAT $ (54,847) 3,763 Ordinary dividends - fully franked NIL 0.5 cents Earni
Slide 20: Cashflow
Cashflow For personal use only ($000) Full Year Full Year SUMMARY 2013/14 2012/13 Cash generated from / (used in) Operations 5,581 (16,524) Cash flows from investing (3,450) (5,205) Cash flows from financing 1,157 (996) Net Debt at end of period (18,800) (20,544) Improved working capital managemen
Slide 21: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW FINANCIAL REVIEW The Heating Hot Water Plantroom serving all levels of the Olivia Newtown John SUMMARY Cancer 150 and Wellness exhaust Centre. fume stacks were installed on the Monash University, New Horizons Building. 29/08/2014 Investor Pr
Slide 22: The Year Ahead
The Year Ahead For personal use only Overall Focus Full review of all operations for each Business Unit and Corporate Functions, with mandate to reduce operating expenses and increase efficiencies across the board Improved and focused marketing initiatives Contract Management and overall contr
Slide 23: Appendix 1: Disclosing non-IFRS Financial Information
APPENDIX 1: Disclosing non-IFRS Financial Information For personal use only Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) #039;000 FY14 H1 FY14 H2 FY14 FY13 (Loss)/Profit for the year from continuing operations (54,847) (23,367) (31,480) 3,763 Add back Income tax benefit (6,455)
Slide 24: Important Notice
Important Notice For personal use only This presentation has been prepared by BSA Limited (the “Company”) and provides general background information about the Company’s activities. That information is current at the date of this presentation. The information is a summary and does not purport to be