Bsa Limited · ASX:BSA
Bsa — Investor Presentation (February 2021)
19 slides from Bsa's investor presentation, Feb 18, 2021
Slide 1: Investor Presentation FY21 Half Year Results Review
Investor Presentation FY21 Half Year Results Review Image courtesy nbn co ltd.
Slide 2: Agenda
Agenda 1. FY21 First Half Update – Tim Harris 2. Group financials – Arno Becker 3. Operational performance – Tim Harris/Arno Becker 4. Outlook – Tim Harris
Slide 3: FY21 First Half Update
FY21 First Half Update BSA residential technician in the field.
Slide 4: Half Year Highlights
Half Year Highlights Successful execution of key strategic and tactical goals, setting the base for FY22 and beyond Increase market share & tenure Diversification of clients and services Cost Efficiency & Technology on key contracts Objective: secure multi year deals with increased market Objective:
Slide 5: Focus Areas – CY21
Focus Areas – CY21 Leveraging the secure foundation to drive significant transformational growth for FY22 and beyond Increase market share & tenure Diversification of clients and services Cost Efficiency & Technology on key contracts Increase share on existing contracts through strong on Complem
Slide 6: Financial Performance
Financial Performance Reduced Revenue impacting results as FY20 nbn peak reduces and new contract wins only come on line for FY22 and beyond $213.2m Revenue of $213.2m, down 17.7% on pcp primarily due to reduced nbn volumes post FY20 peak; and Revenue Key tender success in Q2 secures significant
Slide 7: Group Financials
Group Financials
Slide 8: Profitability
Profitability Revenue at pre nbn peak levels as new contract wins yet to transition Summary ($'m) H1 21 H1 20 Change Change % Group Revenue Revenue $213.2 $259.1 ($45.9) (17.7%) ($'m) EBITDA (underlying) $11.4 $14.3 ($2.9) (20.3%) 300 $259.1 EBITDA (underlying) % 5.3% 5.5% (0.2%) $208.3 $198.5 $213.
Slide 9: Cash Flow
Cash Flow Strong cash performance achieving 82% OCFBIT* conversion and increased net cash Cash flow results ($'m) H1 21 H1 20 Change EBITDA (Group) $8.5 $12.8 ($4.3) OCFBIT/EBITDA (%) 100% 82% Non-cash & working capital ($1.5) ($4.4) 66% Operating Cash flow before interest and $7.0 $8.4 ($1.4) 50% 3
Slide 10: Operational Performance
Operational Performance BSA technicians providing maintenance services for electricity supply to Ausgrid customers in NSW. Substation image courtesy of Ausgrid.
Slide 11: Health & Safety Performance
Health & Safety Performance Continued investment into programs to drive improvement in health and safety performance Long term performance of lost time injury frequency rate continues to trend down with specific focus on measures to improve Total Recordable Injury Frequency Rate through targeted a
Slide 12: Segment Results – Continuing Operations
Segment Results – Continuing Operations Volume driven impacts in H1 FY21 Revenue ($'m) H1 18 H1 19 H1 20 H1 21 Mvt Group Revenue ($'m) CUI 137.7 117.7 150.9 105.3 (45.6) 300 $259.1 APS 70.7 80.8 108.2 107.9 (0.3) $208.3 $198.5 $213.2 200 Total Revenue 208.3 198.5 259.1 213.2 (45.9) 100 - H1 18 H1 19
Slide 13: Business Performance – Communications & Utility Infrastructure (CUI)
Business Performance Communications & Utility Infrastructure (CUI) Summary ($'m) H1 21 H1 20 Change Change % Revenue ($'m) Revenue $105.3 $150.9 ($45.6) (30.2%) 200 $150.9 $137.7 150 $117.7 $105.3 EBITDA (underlying) $8.9 $11.7 ($2.8) (23.9%) 100 50 EBITDA % 8.5% 7.8% 0.7% 9.0% - H1 18 H1 19 H1 20 H
Slide 14: Business Performance – Advanced Property Solutions (APS)
Business Performance Advanced Property Solutions (APS) Summary ($'m) H1 21 H1 20 Change Change % Revenue 150 ($'m) $108.2 $107.9 Revenue $107.9 $108.2 ($0.3) (0.3%) 100 $80.8 Fire Build $35.8 $48.6 ($12.8) (26.3%) $70.7 Maintain $72.1 $59.6 $12.5 21.0% 50 EBITDA (underlying) $4.3 $4.8 ($0.5) (10.4%)
Slide 15: Outlook
Outlook BSA providing fire suppression and fire life safety systems for John Holland at Sydney Metro’s Waterloo Station. An artist’s impression of the Waterloo metro station entrance from Cope Street plaza.
Slide 16: Outlook
Outlook External: Our core markets remain robust with strong pipelines of work across the majority of sectors; We expect discretionary spend to rebound strongly across sectors most impacted by COVID-19 once confidence returns; and Opportunity to challenge traditional delivery models to improve
Slide 17: Appendix
Appendix Image courtesy ALDI.
Slide 18: Our Business
Our Business BSA is one of Australia's leading technical services and field solutions companies Headquartered in Sydney, BSA is a publicly-listed company on the Australian Securities Exchange with over 1,000 employees and revenues of circa $450 million. 2,000 1,000 Skilled Field Employees Resources
Slide 19: Important Notice
Important Notice 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 does not purport to be