Smart Parking Limited · ASX:SPZ
Smart Parking — Shareholder Meeting (November 2021)
13 slides from Smart Parking's shareholder meeting presentation, Nov 19, 2021
Slide 1: AGM Presentation
For personal use only Smart Parking Limited (ASX:SPZ) AGM Presentation 19 November 2021 CEO Paul Gillespie smartparking.com
Slide 2: Smart Parking Ltd (ASX:SPZ)
Smart Parking Ltd (ASX:SPZ) A global company focused on delivering industry leading For personal use only technology innovations and solutions within the parking industry Sites Managed - ANPR 758 Parking management services Provision of parking management solutions, predominantly servicing the 619 r
Slide 3: FY21 Highlights – Recovery Underway
FY21 Highlights – Recovery Underway For personal use only 619 Adjusted EBITDA Growth in parking Total $2.2m up breach notices up 354% 278% sites up 25% *As of 30 June 2021 compared to PCP *Compared to PCP *Q4 FY21 compared to PCP Cash of Free cash flow positive Q4 Adjusted EBITDA margin $ 10.7m *At
Slide 4: SPZ FY21 in review
SPZ FY21 in review | Smart Parking Group For personal use only • UK Parking Services business experienced rapid growth as COVID-19 restrictions eased, with all key metrics at or around pre-pandemic levels. • The business experienced a strong recovery in Q4 FY21 with Parking Breach Notices increasing
Slide 5: UK pandemic tracker
UK pandemic tracker | Strong recovery in Q4 – vaccination progress continues, For personal use only and PBNs now exceeding pre-pandemic levels. PBNs Issued vs Car Count 23 March 2020 50,000 UK lockdown commences 11,000,000 1 June 2020 40,000 10,000,000 Some primary schools start returning 9,000,000
Slide 6: FY22 business update
FY22 business update | Strong growth trajectory in the UK whilst expanding into new For personal use only addressable markets in New Zealand, Australia and Europe. • Strong start to the financial year with October YTD revenue growth of 53%, 30% Adjusted EBITDA margin (+820bp expansion) and an increa
Slide 7: October YTD
October YTD For personal use only 758 Revenue of Adjusted EBITDA Total $11.4m up $3.4m up 53% 130% sites up 22% *As at 31 Oct 2021 compared to 30 June 2021 *Compared to PCP *Compared to PCP Cash of 1,500 Growth in parking breach notices up $ 10.3m 60% *At 31 Oct 2021 *Compared to PCP New global site
Slide 8: FY22 – Margin expansion
FY22 – Margin expansion 11,369 For personal use only Revenue (000s) Adjusted EBITDA (000s) 3,411 Revenue up 53% 7,222 5,129 5,055 1,574 3,265 849 562 on PCP (768) Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Oct YTD FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Oct YTD FY22 (4 mths unaudited) (4 mths unaudited) Adjusted
Slide 9: Management services – estate growth
Management services – estate growth Site Reconciliation For personal use only FY21 October YTD 150 758 (11) EPS (68) APAC (11) UK (71) 56 619 UK (50) 85 (13) 576 APAC (6) Revised growth (5) target: 496 1,500 global sites under 389 management expected by June 2025 286 18 19 0 ns als 0 ns als 21 ns al
Slide 10: TAM 2,000 sites; new medium term guidance target
TAM 2,000 SITES New medium term guidance target For personal use only • Original 1,000 sites target by June 2023 intact. • New additional target of 1,500 sites globally by June 30 2025. • UK total addressable market – 45,000 sites. • NZ estimated addressable market – 3,000 sites. • Queensland, Austr
Slide 11: Technology and R&D
Technology and R&D | Continuing to execute growth strategy – For personal use only leveraging proprietary technology • Proprietary technology platform to support growth in Managed Services and entry into new markets. • Order book and work in progress of $3.3m underpins strong H2 outlook. • Through o
Slide 12: FY22 priorities
FY22 priorities For personal use only • Deliver revised growth target of 1,500 global sites under management by June 2025. • Continued execution of UK growth strategy – 180 net new sites in FY22. • Grow new territories with ANPR model in countries with appropriate jurisdictional framework including
Slide 13: 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