Slide 1: Investor Presentation Results Review FY2022
For personal use only Investor Presentation Results Review Image of the Sydney Modern Project as produced by Kazuyo Sejima + Rye Nishizawa / SANAA (c) Art Gallery of New South Wales, 2021 FY2022
Slide 2: Our Business
Our Business BSA is a publicly-listed company on the Australian Securities Exchange (ASX: BSA). It is BSA’s vision to be our clients’ indispensable partner for the design, delivery and management of innovative asset solutions. BSA’s services are structured under two strategic business units: For per
Slide 3: Core Capabilities
Core Capabilities For personal use only Communications & Utility Fixed-Line Wireless Customer Access Infrastructure (CUI) Network Technologies (Fibre, Microwave, Cellular, Small Cell, Connections & Assurance, Copper, HFC), Civil Works, Cabling, Critical Networks, SAED, EME Satellite, Lead-in, In-Bui
Slide 4: The BSA Way
The BSA Way For personal use only BSA has four key differentiators that enable us to deliver superior outcomes to our clients. Customer Workforce Partnerships Culture Experience Management We deal in long term and We are experts at optimising the We know how to manage large and We have a ‘best for p
Slide 5: FY2022 Highlights
For personal use only FY2022 Highlights Division: APS Fire Build Project: Sydney Football Stadium Client: John Holland Description: Design and Construct of fire suppression systems at the new SFS Secured: 2019 Completion: 2022
Slide 6: Financial Performance
Financial Performance Overall financial performance impacted by Covid-19, class action settlement and goodwill impairment For personal use only $466.4m • Revenue of $466.5m, up 10.4% on pcp primarily due to nbn volume increases and APS new work through Revenue targeted client tenders; and FY 21 = $4
Slide 7: FY22 – Highlights
FY22 – Highlights Disruptive year navigating significant events For personal use only Revenue Growth Covid-19 Class Action Capital Raise Restructure Increased revenues through Navigating significant impact Injection of cash for general Retention of key people Negotiated settlement key tender success
Slide 8: FY23 – Strategic Direction
FY23 – Strategic Direction Simplified approach with emphasis on stability, profitability and growth For personal use only Stabilise Focus Transform ▪ Target internal efficiencies and ▪ Prioritise cash backed results ▪ Protect and partner with clients system optimisation ▪ Focused tender process ▪ Se
Slide 9: Group Financials
For personal use only Group Financials Division: CUI Description: Telecommunications customer equipment installation and testing
Slide 10: Profitability
Profitability Results impacted by Covid-19, class action settlement, legacy items and goodwill impairment. For personal use only Group Revenue FY21 Summary (#039;m) FY22 Change (#039;m) Restated* 486.5 500 469.8 466.4 Revenue 466.4 422.5 43.9 422.5 EBITDA pre-significant items 0.1 20.1 (20.0) 400 EBITDA p
Slide 11: Summary of Significant Items
Summary of Significant Items For personal use only Significant non-recurring costs incurred and provided for on class action, legacy and goodwill impairment. Summary (#039;m) EBITDA D&A EBIT Interest & Tax NLAT Performance pre-significant items 0.1 (7.5) (7.4) (1.3) (8.7) Significant Items: Class Actio
Slide 12: Revenue Composition
Revenue Composition For personal use only Strong low risk, recurring and diversified revenue base Revenue profile Diversified revenue • Focus remains on profitable multi year agreements; • Diversified revenue across the group; • Majority of revenue is low risk Schedule of Rate (SOR) models; • Addres
Slide 13: Cash Flow
Cash Flow For personal use only Cash flow results (#039;m) FY22 FY21* Change Cashflow EBITDA pre-significant items 0.1 20.1 (20.0) • Restructure cash cost of $1.6m primarily paid in redundancies with the Key cash movements: balance made up of the cash component of legacy costs; Restructure costs (1.6)
Slide 14: Balance Sheet
Balance Sheet For personal use only Funding Facilities ($’m) Institution Drawn Available Limit Cash Facilities Funding Highlights Debtor financing facility CBA 6.5 31.0 37.5 • Net cash of $1.9m; Cash advance CBA 5.0 1.0 6.0 Total Cash Facilities 11.5 32.0 43.5 • Available Facility of $32.0m; • Facil
Slide 15: Balance Sheet
Balance Sheet FY21 For personal use only Balance sheet (#039;m) FY22 Change Change % Restated* Key comments: Current assets 91.2 88.9 2.3 2.6% - Cash 13.4 12.8 0.6 4.7% • Cash & facilities of $1.9m impacted by operational performance and significant - Working Capital 77.8 76.1 1.7 2.2% items; Non-curre
Slide 16: Operational Performance
For personal use only Operational Performance Division: APS Fire Build Project: Art Gallery of NSW Sydney Modern Project Client: Richard Crookes Constructions Description: Wet and Dry Fire Installation and Commissioning Works Completion: September 2022
Slide 17: Health & Safety Performance
Health & Safety Performance For personal use only Focus on continuous improvement across all areas of health, safety and well-being ▪ Improvement on Lost Time Injuries and Total Recordable Injuries on pcp; ▪ A number of key initiatives were implemented in FY22 which included focus on mental health,
Slide 18: Segment Results
Segment Results For personal use only Top line growth during a challenging period Group Revenue (#039;m) 486.5 Revenue (#039;m) FY19 FY20 FY21 FY22 Change 500 469.8 466.4 422.5 CUI 251.5 270.9 211.1 244.1 33.0 400 APS 218.3 215.6 211.4 222.3 10.9 Total Revenue 469.8 486.5 422.5 466.4 43.9 300 FY19* FY20*
Slide 19: Divisional Performance
Divisional Performance Communications & Utility Infrastructure (CUI) Advanced Property Solutions (APS) For personal use only Summary (#039;m) FY22 FY21 Change Change % Summary (#039;m) FY22 FY21 Change Change % Revenue 244.1 211.1 33.0 15.6% Revenue 222.3 211.4 10.9 5.2% Fire Build 63.6 67.0 (3.4) (5.1%)
Slide 20: CUI – FY22 Key Achievements & FY23 Focus
CUI – FY22 Key Achievements & FY23 Focus For personal use only F22 Key Achievements ▪ TRIFR 3.26 vs target 5.08; ▪ Organic Revenue growth of $33.0m; ▪ Strong Q4 Financial Performance in cash backed EBITDA; ▪ New customer wins – Axicom, TPG/Vodafone, Go Evie, American Towers; and ▪ nbn Unify mobilisa
Slide 21: APS – FY22 Key Achievements & FY23 Focus
APS – FY22 Key Achievements & FY23 Focus For personal use only F22 Key Achievements ▪ TRIFR 12.0 vs target 12.5 and LTIFR 5.3 vs target 6.3; ▪ Organic growth of $10.9m; ▪ Rebound in Q4 with achieving cash backed EBITDA; ▪ Stabilise through overhead reduction executed in April 22; and ▪ Stabilise thr
Slide 22: Appendix
For personal use only Appendix
Slide 23: Historical financial information
Historical financial information Segment Results (#039;m) 1H18* 2H18* 1H19* 2H19* 1H20* 2H20* 1H21* 2H21* 1H22 2H22 FY18* FY19* FY20* FY21* FY22 For personal use only Revenue CUI 137.7 111.7 117.7 133.8 150.9 120.0 105.3 105.8 122.5 121.6 249.4 251.5 270.9 211.1 244.1 APS 70.7 108.0 80.8 137.5 108.2 10
Slide 24: Important Notice
Important Notice For personal use only 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 d