Smart Parking Limited · ASX:SPZ
Smart Parking — Shareholder Meeting (November 2019)
12 slides from Smart Parking's shareholder meeting presentation, Nov 8, 2019
Slide 1: Smart Parking Limited AGM Presentation
For personal use only Smart Parking Limited (ASX:SPZ) AGM Presentation 8 November 2019 CEO Paul Gillespie smartparking.com
Slide 2: Recovery & growth
Recovery & growth For personal use only World-leading technology for parking design, World-leading technology and first-class managed services. development and management Management Services Management | UK Services | Technology UK | Global Profitable and operates exclusively in the UK. Specialises
Slide 3: FY19 in review | Smart Parking Group
FY19 in review | Smart Parking Group For personal use only As previously stated, FY19 was a year of recovery and growth – actions taken include: • New, experienced UK management team hired in H1 FY19. • Investment in additional UK sales heads hired, 9 direct sales people in post selling Managed Serv
Slide 4: Corporate activity update
For personal use only Corporate activity update • In August 2019 we announced to the market news that the Board received an unsolicited preliminary, non-binding, indicative and conditional proposal to acquire 100% of the share capital of Smart Parking Limited at a price of 28.4c in cash for each SPZ
Slide 5: FY19 Results | Group Profit & Loss
FY19 Results | Group Profit & Loss (m) FY18 FY19 For personal use only Revenue 30.7 27.0 Cost of Sales (13.1) (11.8) Gross Profit 17.6 15.2 Smart Parking Group Overheads (13.5) (14.9) Adjusted EBITDA 4.1 0.3 • SPZ continues to invest in our people, product and process to fuel future growth. VAT Asse
Slide 6: Return to Growth | Smart Parking Group
Return to Growth | Smart Parking Group For personal use only ANPR Sites Under Management 432 416 424 403 389 374 355 336 324 315 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 UK ANPR roll out continues 57 new sites installed in FY20 to date. Work continues to refine the portf
Slide 7: Upgrading capabilities - encouraging early results
For personal use only Smart Parking Group | Upgrading capabilities - encouraging early results • ANPR installations for H1 FY20 are in line with plan. • Technology wins in home markets of UK, NZ and Australia continue to close. • Two additional technology sales heads hired since June 30th to capture
Slide 8: FY19 Results | Site Reconciliation
For personal use only | Site Reconciliation FY19 Results FY19 Results | Site Reconciliation 415 104 57 389 432 Management Services 104 (16) 389 (14) (16) 77 • Addressable market of 45,000 sites with 15,000 77 301 301 suitable for ANPR installations ensure long-term (12) (12) runway for growth. 236 2
Slide 9: FY19 Results | Parking Breach Notices Issued
FY19 Results | Parking Breach Notices Issued FY19 Results | Parking Breach Notices Issued For personal use only 103,432 100,968 103,432 100,968 92,678 934 92,678 86,341 91,744 86,341 Parking breach notices 18,882 73,746 82,086 73,746 • Refocused culture to drive a positive customer 14,482 5,562 expe
Slide 10: Smart city growth continues
• For personal use only UNITED KINGDOM EUROPE NORTH GERMANY AMERICA Smart city growth continues | Smart Parking focused on long-term growth globally. • Global adoption of smart city technology continues with SPZ positioned to capture growth. • Market sizing research from Navigant indicates the globa
Slide 11: Business update: R&D
Business update: R&D For personal use only | Investment in smart city technology stack • Parking App – guidance, payment and enforcement tracking delivered to multiple customers. • SmartCloud platform – additional functionality delivered to enhance the smart city and IoT dashboard. • SmartCloud plat
Slide 12: FY20 Strategy and Goals
FY20 Strategy and Goals – Services • Business back into growth phase with new expanded sales team. For personal use only • Significant infrastructure investment in FY19 now delivering earnings growth. • Site growth to continue with a target of 200 new installations in FY20, resulting in increased PB