Service Stream Limited · ASX:SSM
Service Stream — Investor Presentation (June 2007)
16 slides from Service Stream's investor presentation, Jun 13, 2007
Slide 1: Investor Presentation June 2007
Investor Presentation June 2007
Slide 2: Disclaimer
Capability + Ambition + Growth Disclaimer This presentation has been prepared by the management of Service Stream Limited (the ‘Company’) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or person. Neither the Company, nor any of its officers, emp
Slide 3: Agenda
Capability + Ambition + Growth Agenda Financial summary Group overview Outlook 3
Slide 4: Financial summary – reported result
Capability + Ambition + Growth Financial summary – reported result HY 2006* HY 2005 % change Revenue $96.1M $79.8M +20.4% EBITDA $6.2M $4.0M +52.8% EBIT $5.2M $3.3M +57.2% NPAT $3.3M $1.9M +75.6% Earnings Per Share 4.67 cps 3.43 cps +36.2% Interim Dividends 3.0 cps 0.75 cps +300.0% * HY 2006 results
Slide 5: Financial summary – pro forma result
Capability + Ambition + Growth Financial summary – pro forma result HY 2006* HY 2005 % change Revenue $138.5M $79.8M +73.6% EBITDA $14.5M $4.0M +262.5% EBIT $13.3M $3.3M +303.0% NPAT $7.9M $1.9M +315.8% * HY 2006 Pro forma results assumes TCI was acquired on 1 July 2006 5
Slide 6: Continued strong growth
Capability + Ambition + Growth Continued strong growth Half-year Revenue / EBITDA (Pro Forma Dec 06) November 2004 February 2005 January 2006 August 2006 January 2007 190 Acquired Skilled Acquired operating Acquired Acquired Merger Communications Businesses of Milcom Fibercom TCI Ltd Services Pracom
Slide 7: Continued strong growth
Capability + Ambition + Growth Continued strong growth EBITDA $m (Pro Forma Dec 06) EBITDA % Margin (Pro Forma Dec 06) 16 14.5 10.46% 14 12 10 8 4.95% 5.08% 5.12% 6 4.7 4.1 4 2.4 2 0 0. 00% Jun-05 Dec-05 Jun-06 Dec-06 Jun-05 Dec-05 Jun-06 Dec-06 7
Slide 8: Balance Sheet
Capability + Ambition + Growth Balance Sheet $ million 31 Dec 30 Jun 31 Dec 30 Jun 2006 * 2006 2006 * 2006 Cash 9.0 2.0 Payables & provisions 41.3 23.6 Receivables & WIP 55.2 33.0 Borrowings 38.3 6.5 Fixed Assets 5.7 4.4 Non-current liabilities 9.7 0.6 Other 6.1 1.4 Goodwill 148.2 18.6 Total Assets
Slide 9: Recent milestones
Capability + Ambition + Growth Recent milestones August 2006 Acquired Fibercom August 2006 Vodafone contract extension and expansion January 2007 Completes merger with TCI January 2007 Cancels 40.3million shares January 2007 Acquired General Purpose Group February 2007 Awarded Do Not Call Register c
Slide 10: Status report – Service Stream Group
Capability + Ambition + Growth Status report – Service Stream Group 20 Locations Service Stream • Brisbane • Geebung Over 2,100 Staff TCI • Brisbane Telecommunications industry managed services specialist Copper, fibre, wireless, hybrid Service Stream • Silverwater • North Ryde Estimated a
Slide 11: Business Streams
Capability + Ambition + Growth Business structure Service Service Stream Stream Limited Limited (SSM) (SSM) STR STR Fibercom Communications Solutions Milcom TCI Technology GPG Labour DNCR Communications Commissioning Recoverable Wireless Services Training works technology Embedded Installation Busin
Slide 12: Operational overview
Capability + Ambition + Growth Operational overview TOW (Ticket of Work) Solutions Infrastructure Services • Dec 2004: 700 TOW’s /day • End to end solutions Recoverable Works • Dec 2007: 9,000 TOW’s /day • Strong IT/IP capability • Nov 04: $5m - Jun 07: $30m • Contact Centre: • Recoverable works • A
Slide 13: Ticket of Work (TOW) Performance
Capability + Ambition + Growth Ticket of Work (TOW) Performance June 2007 Telstra Payphones Contract 10000 January 2007 9,000 9000 Merged w ith TCI 8000 August 2006 7,500 Acquired Fibercom 6,800 7000 January 2006 6000 Acquired Milcom 5,264 February 2005 5000 Acquired operating 4,682 4,763 Ave Daily
Slide 14: Revenue diversification horizons / opportunities
Capability + Ambition + Growth Revenue diversification horizons / opportunities Revenue Horizon 3 Growth Horizon 2 Horizon 1 Revenue Growth Building Blocks Banking Support Environment Business Support Home Support Water Networks Utilities Support 1 Solutions Support Environment Digital Generation Ut
Slide 15: Outlook
Capability + Ambition + Growth Outlook Continued organic growth Ongoing vertical integration Broadening infrastructure roll-out capability Expanding into similar verticals Continue to seek out sensible acquisitions 15
Slide 16: Service Stream – capacity to diversify
Capability + Ambition + Growth Service Stream – capacity to diversify 16