Bsa Limited · ASX:BSA
Bsa — H1 FY2015 Earnings Presentation
16 slides from Bsa's earnings presentation, Feb 26, 2015
Slide 1: FY15 Half Year Results Review
For personal use only FY15 HALF YEAR RESULTS REVIEW
Slide 2: Highlights
Highlights For personal use only #1 ✓ Industry Reputation for Leadership Scale, National Quality and Delivery Coverage $ Management Team Delivering Strengthened & Further Stabilised Revenue Growth Financial Position
Slide 3: Agenda
Agenda For personal use only GROUP RESULTS OVERVIEW BUSINESS UNIT REVIEW OUTLOOK BSA‟s Technical Field Force Solutions continues to provide installation and maintenance services to Foxtel customers. 26/02/2015 FY2015 First Half Investor Presentation 3
Slide 4: Half Year Highlights
Half Year Highlights For personal use only Improving Performance & Strengthened Financial Position – Revenue up 7% to $265.9m, EBITDA up to $6.7m (1H2014: loss of $13.8m) – NPAT of $1.6m (1H 2014: loss of $23.4m) – Net Cash of $19k compared to Net Debt of $32.7m at December 2013 – $21.3m capital r
Slide 5: Half Year Results
Half Year Results For personal use only H1 H2 H1 Revenue ($ millions) Summary ($000) 2014 2014 2015 300 280 Revenue $‟000 248,352 243,160 265,929 260 240 220 EBITDA $‟000 (13,819) 3,071 6,708 200 180 EBITDA % (5.6%) 1.3% 2.5% 160 140 NPAT $‟000 (23,367) (31,480) 1,566 120 100 H1 2014 H2 2014 H1 2015
Slide 6: Cash Flow and Net Debt
Cash Flow and Net Debt For personal use only H1 H2 H1 Net Cash/(Debt) ($ millions) Summary ($000) 2014 2014 2015 5.0 0.0 Net cash (outflow)/inflow – operations (10,481) 16,062 (59) -5.0 Net cash/(debt) – at end of period (32,743) (18,800) 19 -10.0 -15.0 Equity 51,449 19,930 41,334 -20.0 Net (Cash) D
Slide 7: Business Unit Overview
Business Unit Overview For personal use only Revenues H1 2015 TFFS 38% TDCP Proportion of 47% recurring revenues pcp 30% pcp 50% continues to increase TMS 15% pcp 20% TECHNICAL DESIGN AND TECHNICAL TECHNICAL FIELD FORCE SOLUTIONS CONSTRUCTION PROJECTS (TDCP) MAINTENANCE SERVICES (TMS) (TFFS) Revenue
Slide 8: Improving The Basics – Progress To Date
Improving The Basics – Progress To Date For personal use only End to end service provision and bundling Value add & advisory services Clear growth options Cost reduction & efficiency Good Foundation Working capital focus Governance and project Solid New proven Scale and lifecycle revenues team posit
Slide 9: Health & Safety Performance
Health & Safety Performance For personal use only BSA Group Monthly Lost Time Incident Trend 6.00 BSA has continued its ongoing 5.00 commitment to providing a safe work place for our people and delivering 4.00 robust workplace health and safety programs. 3.00 This is reflected in the improvements 2.
Slide 10: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW SUMMARY One of the 64 Level One Mechanical Services Ring Main modules arriving on site at the new Royal Adelaide Hospital. 26/02/2015 FY2015 First Half Investor Presentation 10
Slide 11: Technical Design & Construction Projects
Technical Design & Construction Projects For personal use only Revenue Overview (Excluding corporate recharges & Impairment) Revenue $126.3m (1H 2014: $123.8m) EBITDA of $7.5m (1H 2014: EBITDA loss of $13.3m) $250 Contracted work on hand for the business unit is strong and stands at $217m Ma
Slide 12: Technical Field Force Solutions
Technical Field Force Solutions For personal use only Revenue Overview (Excluding corporate recharges & Impairment) TFFS revenue $100.2m (1H 2014: $74.5m) $200 TFFS EBITDA $2.1m (1H 2014: $1.8m) $180 TFFS completed 483,000 tickets of work in 1H 2015 $160 Successful on-boarding of additional
Slide 13: Technical Maintenance Services
Technical Maintenance Services For personal use only Overview Revenue (Excluding corporate recharges and Impairment) $120 TMS revenue $39.5m (1H 2014: $50.1m) Lower revenues in half compared to prior corresponding period due to large upgrade project in previous corresponding period and reduced $
Slide 14: Agenda
Agenda For personal use only OVERVIEW BUSINESS UNIT REVIEW The Heating Hot Water Plantroom serving OUTLOOK all levels of the Olivia Newtown John Cancer 150 and Wellness exhaust Centre. fume stacks were installed on the Monash University, New Horizons Building. 26/02/2015 FY2015 First Half Investor P
Slide 15: Outlook
Outlook For personal use only Operations Stabilisation of business on track Creation of sustainable platform for growth now well progressed Key second half focus on maintaining margin improvements Solid pipeline of opportunities Balance Sheet and Working Capital Build on strong current pos
Slide 16: 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