Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (October 2019)
9 slides from Ashley Services's shareholder meeting presentation, Oct 24, 2019
Slide 1: 2019 Annual General Meeting
For personal use only 2019 Annual General Meeting 10:00am Thursday 24th October 2019
Slide 2: Agenda
Agenda For personal use only ▪ Opening Address from Chairman – Ian Pratt ▪ Business Update from Managing Director – Ross Shrimpton ▪ Q1 FY20 Financial Results – Chris McFadden CFO ▪ Resolutions as per Notice of Meeting ▪ General Business ▪ Close of Annual General Meeting 2
Slide 3: Q1 FY20 Profitability in line with prior year
Q1 FY20 Profitability in line with prior year For personal use only Unaudited Unaudited Audited Audited Audited ▪ NPAT for Q1 FY20 at $1.2m was unchanged on $ million Q1 FY20 Q1 FY19 H1 FY19 H2 FY19 FY19 prior corresponding period Revenue by segment Labour Hire 79.9 72.5 144.2 135.4 279.6 ▪ EBITDA f
Slide 4: Q1 FY20 Balance Sheet, solid cash level and debt free
Q1 FY20 Balance Sheet, solid cash level and debt free For personal use only Unaudited Unaudited Audited $ million Q1 FY20 Q1 FY19 FY19 ▪ Cash balance has held firm over the first quarter despite Assets the $3.9m dividend payment, reflecting the underlying Current Assets Cash and cash equivalents 7.0
Slide 5: Q1 FY20 Cash Flow was very strong
Q1 FY20 Cash Flow was very strong For personal use only Unaudited Unaudited Audited $ million Q1 FY20 Q1 FY19 FY19 ▪ Net Cash from operating activities of $4.4m EBITDA 2.0 2.1 9.1 was very strong reflecting improved working Change in working capital 3.1 (0.9) (3.0) Net interest received / (paid) (0.
Slide 6: Labour Hire, a strong AWF quarter
Labour Hire, a strong AWF quarter For personal use only Unaudited Unaudited Audited ▪ Labour Hire Revenue h$7.4m h10% (13wk h$1.6m h2%) $ million Q1 FY20 Q1 FY19 FY19 ▪ Action Workforce h$9.8m h18% (13wk h$5.0m h9%) with 4 of our top 15 customers experiencing very strong Revenue 79.9 72.5 279.6 aver
Slide 7: Training continues steady improvement
Training continues steady improvement For personal use only ▪ Training Division continues to perform well, operating $ million Unaudited Unaudited Audited with a focused range of qualifications on scope, across Q1 FY20 Q1 FY19 FY19 Western Australia, Victoria and Queensland ▪ Revenue is slightly up
Slide 8: Proxies Cast
Proxies Cast For personal use only Proxy Resolution For Against Abstain Discretion 17,353,106 ITEM 2. Remuneration Report 0 0 84,373,524 100% ITEM 3. Re-election of Director: 101,726,630 0 0 0 Ian Pratt 100% 8
Slide 9: Notice and Disclaimer
Notice and Disclaimer For personal use only Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 24 October 2019 (“Presentation Date”). No financial advice: The information in this presentat
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