Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (October 2018)
9 slides from Ashley Services's shareholder meeting presentation, Oct 25, 2018
Slide 1: 2018 Annual General Meeting
2018 Annual General Meeting 10:00am Thursday 25th October 2018
Slide 2: Agenda
Agenda ▪ Opening Address from Chairman – Ian Pratt ▪ Business Update from Managing Director – Ross Shrimpton ▪ Q1 FY19 Financial Results – Chris McFadden CFO ▪ Resolutions as per Notice of Meeting ▪ General Business ▪ Close of Annual General Meeting 2
Slide 3: Q1 FY19 Profit and Loss
Q1 FY19 Profit and Loss ▪ EBITDA for Q1 FY19 at $2.1m is h$0.2m (h8%) $ million Unaudited Unaudited Q1 FY19 Q1 FY18 Audited H1 FY18 Audited H2 FY18 Audited FY18 on prior corresponding period Revenue by segment ▪ Labour Hire h$0.1m h4% Labour Hire 72.5 79.6 166.0 160.1 326.1 Training 2.0 2.1 3.5 3.2
Slide 4: Q1 FY19 Balance Sheet
Q1 FY19 Balance Sheet Unaudited Unaudited Audited $ million Q1 FY19 Q1 FY18 FY18 ▪ Cash balance high at end Q1 due to Borrowings of $4m, Assets drawn late in Q1 due to end of month/quarter timing Current Assets Cash and cash equivalents 6.8 7.2 6.4 challenges including public holiday(s) Trade and ot
Slide 5: Q1 FY19 Cash Flow
Q1 FY19 Cash Flow Unaudited Unaudited Audited $ million Q1 FY19 Q1 FY18 FY18 ▪ Net Cash from operating activities of $0.3m is in EBITDA 2.1 1.9 8.0 contrast to our normal Q1 outflow pattern. Change in working capital (0.9) (3.8) (4.3) Net interest received / (paid) (0.1) 0.2 (0.6) Working Capital ($
Slide 6: Business Update: Labour Hire
Business Update Labour Hire ▪ Safety performance continues to exhibit industry Unaudited Unaudited Audited $ million best practice with zero Lost Time Injuries (LTI) in Q1 FY19 Q1 FY18 FY18 Q1 FY19 Revenue 72.5 79.6 326.1 ▪ Successful integration of two new large clients EBITDA 3.0 2.9 11.8 during t
Slide 7: Business Update: Training
Business Update Training ▪ Training Division continues to operate on a narrow range $ million Unaudited Unaudited Audited of qualifications on scope, across Western Australia, Q1 FY19 Q1 FY18 FY18 Queensland and Victoria ▪ Western Australia continues to trade profitably Revenue 2.0 2.1 6.7 ▪ Queensl
Slide 8: Proxies Cast
Proxies Cast Proxy Resolution For Against Abstain Discretion ITEM 2. Re-election of Director: 98,745,563 0 3,304,842 2,649,522 Ross Shrimpton ITEM 3. Remuneration Report 17,389,101 0 4,842 2,888,561 ITEM 4. Appointment of auditor 98,745,563 0 3,304,842 2,649,522 8
Slide 9: Notice and Disclaimer
Notice and Disclaimer Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 25 October 2018 (“Presentation Date”). No financial advice: The information in this presentation does not constitut
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