Service Stream Limited · ASX:SSM
Service Stream — H1 FY2015 Earnings Presentation
13 slides from Service Stream's earnings presentation, Feb 18, 2015
Slide 1: FY15 First Half Results Presentation
Service Stream Limited For personal use only FY15 First Half Results Presentation Leigh Mackender Managing Director 18 February 2015
Slide 2: Financial Highlights
Financial Highlights For personal use only Increase in revenue driven from growth across Fixed $197.4m Communications Offset declines within Energy & Water due to conclusion of Revenue up from $174.6m FY14 H2 smart meter rollout in Victoria Return to sustainable profitability continues with so
Slide 3: Operational Highlights
Operational Highlights For personal use only LTIFR Continued focus on safety delivers improved 10.0 (rolling 12 months) LTIFR of 0.98 9.0 8.0 7.0 Continued focus on operational execution and 6.0 5.0 4.6 4.6 client relationships delivering results: 4.0 2.6 2.9 3.0 2.0 1.0 – Currently undertaking
Slide 4: Key Financial Measures
Key Financial Measures For personal use only Revenue 350 298.0 300 Key financial measures 250 228.6 compared to immediately preceding period 215.0 197.6 200 174.6 FY15 FY14 150 $ million Change 1st half 2nd half 100 Revenue 197.4 174.6 22.8 13% 50 EBITDA 10.7 9.0 1.6 18% 0 1H13 2H13 1H14 2H14 1H15 E
Slide 5: Segment Results
Segment Results For personal use only EBITDA 20 15.5 Segment results 15 compared to immediately preceding period 10.7 9.0 10 7.6 FY15 FY14 5 $ million Change 1st half 2nd half 0 Fixed Communications 84.3 55.7 28.6 1H13 2H13 1H14 2H14 1H15 -5 Mobile Communications 72.5 67.7 4.8 Energy & Water 40.9 50
Slide 6: Cashflow Results
Cashflow Results For personal use only Operating Cashflow 25.0 22.5 20.0 Cashflow results 14.8 15.0 compared to immediately preceding period 10.1 10.0 5.0 FY15 FY14 0.5 $ million Change 0.0 1st half 2nd half 1H13 2H13 1H14 2H14 1H15 -5.0 EBITDA 10.7 9.0 1.6 -10.0 +/- change in working capital (9.0)
Slide 7: Business Unit Update
Business Unit Update For personal use only Fixed Communications Continued growth as works associated with rollout of NBN continues to gain momentum, together with a focus on working capital management Currently undertaking successful trials with both NBN & Telstra on the deployment of Fibre-to-t
Slide 8: Delivery against our Strategic Plan
Delivery against our Strategic Plan For personal use only Underpinning sustainable profitability and growing shareholder value Contract retention Focussed on securing wireless contract opportunities with Telstra and VHA in H2 Improve contract and commercial UNLOCK management disciplines Cent
Slide 9: FY15 Outlook
FY15 Outlook For personal use only We expect that the second-half of FY15 will continue to consolidate on the Company’s recent trend of delivering solid operating and financial performance – Continued focus on converting ‘works-to-cash’ across Fixed Communications – Wireless work volumes remain fl
Slide 10: Appendices
For personal use only Appendices
Slide 11: Key Financial Measures
Key Financial Measures For personal use only Key financial measures compared to prior corresponding period FY15 FY14 $ million Change 1st half 1st half Revenue 197.4 215.0 (17.5) (8%) EBITDA 10.7 7.5 3.1 41% EBITDA % 5.4% 3.5% 1.9% Net profit after tax 4.0 0.5 3.5 670% Earnings per share (cents) 1.0
Slide 12: Segment Results
Segment Results For personal use only Segment results compared to prior corresponding period FY15 FY14 $ million Change 1st half 1st half Fixed Communications 84.3 42.7 41.6 Mobile Communications 72.5 99.2 (26.7) Energy & Water 40.9 73.5 (32.6) Eliminations & Interest Rec'd (0.3) (0.4) Total Revenue
Slide 13: Cashflow Results
Cashflow Results For personal use only Cashflow results compared to prior corresponding period FY15 FY14 $ million Change 1st half 1st half EBITDA 10.7 7.5 3.1 +/- change in working capital (9.0) 10.7 (19.6) OCFBIT 1.7 18.2 (16.5) Net tax paid (0.0) 0.0 (0.0) Net interest and financing costs (1.2) (