Kelly Partners Group Holdings Ltd. · ASX:KPG
Kelly Partners — H1 2018 Earnings Presentation
20 slides from Kelly Partners's earnings presentation, Feb 26, 2018
Slide 1: Kelly+Partners Group Holdings Limited 1H18 Half Year Results
Kelly+Partners Group Holdings Limited (KPGH) 1H18 HALF YEAR RESULTS ASX: KPG 26 February 2018 Copyright © 2018 Kelly + Partners All Rights Reserved. Transforming the SME accounting market
Slide 2: Disclaimer
Disclaimer —— SUMMARY INFORMATION This document has been prepared by Kelly Partners Group Holdings Limited ACN FORWARD LOOKING STATEMENTS 124 908 363 (Company). This document contains information in a summary form This document contains certain “forward-looking” statements. Forward-looking and gener
Slide 3: Table of Contents
Table of Contents Section 1: 1H18 Results - Overview Section 2: 1H18 Results - Financial Information Section 3: Strategy and Outlook Questions Appendix Transforming the SME accounting market 3
Slide 4: Presenting today from Kelly+Partners
Presenting today from Kelly+Partners Brett Kelly Pauline Michelakis Founder, Executive Chairman, CEO CFO Founded Kelly+Partners in 2006 CFO of Kelly+Partners since 2013 15+ years management experience 20+ years experience in senior financial roles in financial services 20+ years in the financial ser
Slide 5: Section 1: 1H18 Results - Overview
Section 1: 1H18 Results - Overview
Slide 6: 1H18 Financial Highlights
1H18 Financial Highlights Growth in all businesses has contributed to a strong 1H • Strong growth in Underlying 1H18 P&L metrics. • On track to meet prospectus forecast for FY18. • Reported NPAT impacted by non-recurring expenses including final IPO costs, Employee Share Scheme and restructuring cos
Slide 7: 1H18 Operating Highlights
1H18 Operating Highlights 1. ORGANIC GROWTH 2. NETWORK Sydney 3. NETWORK CBD Office 4. NEW SERVICES EXPANSION - joins EXPANSION - ACQUISITIONS GREENFIELDS The CBD business of Strong organic No new business BMF No Accounting was new greenfield Corporate Advisory growth from existing acquisitions were
Slide 8: Section 2: 1H18 Results – Financial Information
Section 2: 1H18 Results – Financial Information
Slide 9: 1H18 Underlying Income Statement
1H18 Underlying Income Statement Group continues to drive growth in P&L Strong growth in the Underlying P&L in 1H18 was driven by: • solid organic growth across the Kelly+Partners network • addition of new complementary services (Corporate Advisory, Investment Office, Finance) • 1H18 results include
Slide 10: 1H18 Balance Sheet & Cash Flow
1H18 Balance Sheet & Cash Flow Balance sheet and cashflow remains strong • Net debt has reduced by $0.5m since 30 June 2017 • Net assets and equity attributable to KPGH shareholders have both increased in 1H18 by 4% and 6% respectively • Net debt gearing vs forecast full year revenue at 30.5%, signi
Slide 11: Dividends Per Share
Dividends Per Share Consistent quarterly dividend payments since listing • 2 x quarterly interim dividends, fully franked at 1c per share were declared and paid since the listing of the company • The dividend payments are in line with the dividend policy Total dividends Amount per Franked amount pai
Slide 12: Section 3: Strategy & Outlook
Section 3: Strategy & Outlook
Slide 13: Strategic Priorities for FY18
Strategic Priorities for FY18 Strategic Initiative Plans & Objectives • deliver FY18 prospectus forecasts • continued steady revenue and profit growth KPGH • pay quarterly dividends • maintain strong balance sheet, and improve working capital management • IT system review • ongoing steady demand for
Slide 14: Growth Strategy
Growth Strategy 1. ORGANIC GROWTH 2. NETWORK Sydney 3. NETWORK CBD Office 4. NEW SERVICES EXPANSION - joins EXPANSION – ACQUISITIONS GREENFIELDS The CBD business of Steady growth from Continue to partner BMF Accounting Launch was greenfield Ongoing SMEs driven by with private asites welcome addition
Slide 15: Acquisition Activity
Acquisition Activity —— • Since IPO in June 2017 there has been a notable increase in inquiries to join the Kelly+Partners Group. • More than 100 inquiries have been received through the Group’s contact outreach system with partners in firms located in suitable geographies. • The Kelly+Partners team
Slide 16: Complementary Businesses
Complementary Businesses supports the main operating businesses of Kelly+Partners Transforming the SME accounting market 16
Slide 17: Key Dates
Key Dates —— Q2 Dividend Paid 16 February 2018 1H FY18 Financial Result 26 February 2018 Q3 Dividend 16 May 2018 FY18 Financial Result 31 August 2018 Q4 Dividend 16 September 2018 Annual General Meeting 9 November 2018 Q1 Dividend 16 November 2018 Transforming the SME accounting market 17
Slide 18: Questions?
Questions? KELLY + PARTNERS
Slide 19: Appendix
Appendix KELLY + PARTNERS
Slide 20: Reconciliations of underlying EBITDA and NPATA
Reconciliations of underlying EBITDA and NPATA. Reconciliation of consolidated EBITDA ($m) 1H18 Underlying Reported consolidated EBITDA 4.8 Non-recurring expenses: add restructuring costs 0.4 shares issued to employees under ESS 0.3 final costs relating to IPO 0.1 other 0.2 sub total Non-recurring e
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