Aptitude Software Group Plc · LSE:APTD
Aptitude Software — Microgen — H1 2015 Earnings Presentation
13 slides from Aptitude Software's earnings presentation, Jul 16, 2015
Slide 1: Interim Results for the six months ended 30 June 2015
microgen plc Interim Results for the six months ended 30 June 2015 To be read in conjunction with the interim results 16 July 2015 announcement released on 16 July 2015
Slide 2: Group Interim Results 2015
Group Interim Results 2015 • Group • Revenue growth of 7% to £15.8m (H1-14: £14.7m). 88% of 2015 planned revenue now contracted with good visibility of 98% of current year plan revenue • Group adjusted operating profit increased to £3.9m (H1-14: £3.7m) • Adjusted basic earnings per share increased 1
Slide 3: Aptitude Software
Aptitude Software • Strategy • 2013 Strategic Review : good execution of defined programme • Delivering organic revenue growth with increasing profitability following investment phase in 2014 • Continued execution with focus on Solutions using Aptitude technology • Aptitude Technology • Aptitude Pla
Slide 4: Aptitude Software revenue
Aptitude Software • Performance ahead of Board expectations led by strong demand for services from customer base both in North America and Europe • Organic revenue growth of 13% to £8.5m (H1-14: £7.6m) • Operating profit increase of 25% to £1.0m (H1-14: £0.8m) • Continued progress in the telecommuni
Slide 5: Financial Systems
Financial Systems • Strategy • 2013 Strategic Review : good execution of defined programme • Increase proportion of revenue derived from the wealth management sector, and specifically T&FA, through both organic growth and acquisitions • Manage non-core business activities for profit and cash. • Trus
Slide 6: Financial Systems revenue
Financial Systems • Revenue of £7.3m (H1-14: £7.2m) in line with Board expectations • Adjusted operating margin 49% (H1-2014: 50%) • T&FA revenue growth of 20% to £2.7m (H1-14: £2.3m) • Application Management revenues in line with Board expectations at £3.9m (H1-14: £4.2m). Payments revenues unchang
Slide 7: Group Financial Performance
Group Financial Performance • Revenue growth of 7% to £15.6m (H1-14: £14.7m). 88% of total planned revenue for 2015 contracted with 98% of current year revenue expected to be generated from existing customer base • Group adjusted operating profit increased to £3.9m (H1-14: £3.7m). Group operating pr
Slide 8: Board Succession
Board Succession • Vanda Murray heading sub-committee of the Nomination Committee to evaluate potential candidates for Chairman • External search firm has been appointed to assist in the process • Martyn Ratcliffe has agreed to continue in office to ensure smooth transition • Tom Crawford, Managing
Slide 9: Summary
Summary • Track record of resilient financial performance continuing • Good progress has been made by the operating management teams against the strategic plans defined in the 2013 strategic review • Strong balance sheet retained even after substantial returns of cash to shareholders and acquisition
Slide 10: Group Income Statement
Group Income Statement Six months Six months Year ended ended 30 ended 30 31 June June December 2015 2014 2014 £000 £000 £000 Revenue Aptitude Software 8,546 7,560 15,395 Financial Systems 7,256 7,151 14,419 Total revenue 15,802 14,711 29,814 Operating costs (excl. Group overheads) (11,194) (10,263)
Slide 11: Group Balance Sheet
Group Balance Sheet As at As at As at 30 June 2015 30 June 2014 31 Dec 2014 ASSETS £’000 £’000 £’000 Non-current assets Goodwill 41,774 41,774 41,774 Intangibles 1,471 - 1,290 Property, plant and equipment 4,637 4,964 4,863 Deferred income tax asset 767 742 771 48,649 47,480 48,698 Current assets Tr
Slide 12: Group Cash Flow
Group Cash Flow Six months Six months Year ended 30 ended 30 ended June 2015 June 2014 31 Dec 2014 £’000 £’000 £’000 Cash flows from operating activities Cash generated from operations (1,522) 2,037 9,960 Interest paid (255) (304) (591) Tax paid (367) (630) (1,454) Net cash flows (used in)/generated
Slide 13: microgen
microgen www.microgen.com