Zalaris Asa · OSL:ZAL
Zalaris Asa — Q2 2014 Earnings Presentation
15 slides from Zalaris Asa's earnings presentation, Aug 22, 2014
Slide 1: Zalaris ASA Interim report | Second quarter 2014
Zalaris ASA Interim report | Second quarter 2014 Thank you for joining us. The presentation will begin shortly. Please note: • All attendees will be in muted mode during the presentation. • Please ensure that you are listening through your computer speakers or headphones. • We will open up for quest
Slide 2: Interim report | Second quarter 2014
Interim report | Second quarter 2014 Oslo, 22 August 2014
Slide 3: Presenters and agenda
Presenters and agenda Agenda • Highlights for the quarter Hans-PetterMellerud • Recent business acquisition Founder and CEO • Financial performance • Regional trends Nina Stemshaug CFO • Outlook © 2014 Zalaris Page: 3
Slide 4: Headlines
Headlines Strong financials Strategic milstones • Revenue grew by 21.1 % compared • Signed a five-year agreement with to the same period last year Statoil ASA • EBIT of NOK 3.2 million1, equating • Successful go-live of payroll services to an operating margin of 4.5 % for TeliaSonera in Finland on Z
Slide 5: Recent business acquisitions and milestones
Recent business acquisitions and milestones • Five-year agreement to provide • Five-year Nordic frame agreement to broad range of HR functions, initially provide payroll services. Initial project worldwide travel and expense to implement payroll for TeliaSonera’s reimbursement to more than 23,000 ap
Slide 6: Key financials | Growth continues
Key financials | Growth continues Revenues EBIT Revenues EBIT in NOK million in NOK million 80 • Strong growth from 4 • Improved client 71 last year 21.1 % margin through 70 3,2 continous focus on 59 • Reflecting new 60 3 labour arbitrage and contracts and low more efficient 50 churn delivery proces
Slide 7: Revenues by segment
Revenues by segment HR Outsourcing Consulting Revenues Revenues in NOK million in NOK million 80 • Strong 25% growth 4 • Heavily involved in 3,6 implementaton of 69 from Q2 last year, 70 New customers; projects related to 60 55 Telenor, Elkjøp/ 3 new customers and 50 Elgiganten, Telia- change orders
Slide 8: Regional trends
Regional trends HR Outsourcing Consulting Finland Norway 16 % 75 % Norway 43 % Denmark 20 % Finland Sweden 2% Sweden Baltics Poland 20 % Baltics 16 % Poland 1% 7% • Continous growth out of offices in the • Significant increase in Poland and the Nordics, Baltics and Poland Baltics, reflecting expansi
Slide 9: Balance sheet strengthened
Balance sheet strengthened Equity In NOK million at end of quarter • Balance strengthened through 100 share issue in June 2014. Net 91 proceeds NOK 49.3 million 80 • NOK 47.5 cash and cash 54 % equivalents at the end of the 60 quarter. NOK 15 million unused credit facility 40 30 20 26 % n% = equity
Slide 10: We continue the work that we started last year with focus on prioritizing existing customers
We continue the work that we started last year with focus on prioritizing existing customers Maintaining existing customer relationships and low churn Service excellence Quality focused processes Further improving cost position with focus on reducing people costs Electronic process flows Aut
Slide 11: Strong pipeline and high level of sales activity
Strong pipeline and high level of sales activity • A number of potential new opportunities in various stages including a handful with employee bases between 15000 and 30000 employees • Potential for both geographic expansion and functional upsell with existing customers • Working on strengthening sa
Slide 12: Concluding remarks
Concluding remarks • Profitable growth expected to continue through 2014. • Ambition to maintain growth in the following years, leading to improved utilisation of existing infrastructure and operations, and increased profitability and cash flow from operations • Will continue to concentrate on organ
Slide 13: Important Notice
Important Notice This Presentation includes certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements relate to future circumstances and results and other statements that are not
Slide 14: Questions?
Questions?
Slide 15: Thank you!
Thank you! Hans-Petter Mellerud CEO & Founder Zalaris HR Services AS hans-petter.mellerud@zalaris.com PO Box 1053 Nina Stemshaug NO-0218 Oslo CFO Tel: +47 4000 3300 nina.stemshaug@zalaris.com www.zalaris.com