Shine Justice Ltd. · ASX:SHJ
Shine Justice — Morgans Queensland Conference 2017
15 slides from Shine Justice's conference presentation, Oct 11, 2017
Slide 1: FY17 Results, Morgans Queensland Conference
For personal use only FY17 Results Morgans Queensland Conference 11 October 2017 Simon Morrison Ravin Raj Managing Director Chief Financial Officer STRICTLY CONFIDENTIAL
Slide 2: Disclaimer
For personal use only Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Ltd and certain plans and objectives of the management of Shine Corporate Ltd. Such forward-looking statements
Slide 3: Agenda
Agenda For personal use only Operations & Strategy Financial Review Outlook Questions Simon Morrison Ravin Raj Simon Morrison Managing Director Chief Financial Managing Director Officer STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 3
Slide 4: Operations & Strategy
For personal use only Operations & Strategy Simon Morrison – Managing Director STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 4
Slide 5: Business Overview
Business Overview For personal use only Shine Lawyers • Personal Injury (motor vehicle, workplace, public liability): • Lean, standard, major claims • Super and disability • Abuse law • Emerging Practice Areas: • Class actions • Professional and medical negligence • Insolvency • Transport • Industri
Slide 6: FY18 Strategy & Opportunities
FY18 Strategy & Opportunities For personal use only • Challenging / organic growth improving • Initial rollout commenced in QLD August 2017 • Develop, invest and build new growth channels • Focus on reducing underlying costs and • Diversification EPA litigation & Class Actions Engine leveraging inve
Slide 7: Sector Overview – 2016-17
Sector Overview – 2016-17 For personal use only Market Share Client Market Segmentation % of Firms / State 7% 11% QLD 23% 20% 13% Shine 32% 13% NSW Over 55 Slater & Gordon 9% 35 to 54 VIC Maurice Blackburn Other Under 35 WA 71% 30% 26% Other 45% Source: IBISWorld Industry Report OD5519: Personal Inj
Slide 8: FY2017 Financial Review
For personal use only FY2017 Financial Review Ravin Raj – Chief Financial Officer STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 8
Slide 9: Group Results FY2017
Group Results FY2017 For personal use only $165m $20.2m $36.5m $19.25m 2.0cps Final Dividend Revenue NPAT EBITDA GOCF (franked) +9% +36% +46% 53% of EBITDA +4% Revenue NPAT EBITDA GOCF 120 130 140 150 160 170 180 0 5 10 15 20 25 30 0 10 20 30 40 15 16 17 18 19 20 2017 2016 2017 2016 2017 2016 2017 2
Slide 10: FY2017 Financial Results
FY2017 Financial Results For personal use only GOCF -$m Gross Operating Cash Flow (GOCF) xx% 30.0 xx% • 2017 GOCF at 53% of EBTIDA 25.0 • 2018 GOCF % similar to 2017 20.0 18.8 19.3 • Core PI GOCF @ 70% of EBITDA reduced by increased investment 15.0 13.0 in: 10.0 8.7 10.5 Marketing Nerve Solution
Slide 11: FY2017 Results: Balance Sheet
FY2017 Results: Balance Sheet For personal use only As at ($m) 30-Jun-17 30-Jun-16 Cash & Receivables 33.2 33.0 Work in Progress 226.3 203.0 • Cash on hand at 30 June 17 was $14.18m Unbilled disbursements 64.2 52.9 • Net WIP growth of $23.3M PP&E and intangibles 57.1 51.1 Other assets 2.1 1.1 • Bala
Slide 12: Net Debt
Net Debt For personal use only 60 50 11 -11 40 - AUD Millions 10 30 7 20 - 38 10 21 - 30-Jun-16 Acquisitions Earnout / Def. Consid. Asset purchases Capital additions Operating cash flow 30-Jun-17 less dividend paid STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 12
Slide 13: Outlook
For personal use only Outlook Simon Morrison – Managing Director STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 13
Slide 14: Outlook 2018
Outlook 2018 For personal use only Operations and Financial Opportunities and Growth Strong balance sheet + substantial unused Significant investment in business funding facilities improvement and innovation Improved organic growth and economies Continue to seek value accretive opportunities of scal
Slide 15: Questions
For personal use only Questions STRICTLY CONFIDENTIAL Shine Corporate Ltd ABN 93 162 817 905 15