Slide 1: FY07 Presentation
For personal use only FY07 Presentation August 2007
Slide 2: Agenda
Capability + Ambition + Growth Agenda For personal use only • FY07 Results Highlights • Financial Summary • New Contracts • Other Acquisitions • Outlook 2
Slide 3: Highlights – Full-year to June 2007
Capability + Ambition + Growth Highlights – Full-year to June 2007 For personal use only y Record earnings performance: Pro forma Statutory Revenue $292.5M, +71.1% $247.1M, +44.5% EBITDA $30.1M, +244.3% $21.2M, +142.6% NPAT $17.5M, +301.6% $11.2M, +158.2% y Increased fully franked dividend of 4.5 ce
Slide 4: Continued Expansion
Capability + Ambition + Growth Continued Expansion For personal use only August 2006 Acquired Fibercom August 2006 Vodafone contract extension and expansion January 2007 Completes merger with TCI, cancels 40.3M shares January 2007 Acquired General Purpose Group February 2007 Awarded Do Not Call Regi
Slide 5: National Coverage - SSM
Capability + Ambition + Growth National Coverage - SSM For personal use only • 20 Locations Service Stream • Brisbane • Combined workforce of over 2,200 • Geebung TCI • Telecommunications industry managed • Brisbane services specialist • Copper, fibre, wireless, hybrid Service Stream • Silverwater •
Slide 6: Operational Overview
Capability + Ambition + Growth Operational Overview For personal use only TOW (Ticket of Work) Contact Centre Solutions Infrastructure Services • Installation and maintenance • STR Solutions • Recoverable works • Installation and maintenance • Specialist Services • Do Not Call Register • Utilities •
Slide 7: Continued Strong Growth
Capability + Ambition + Growth Continued Strong Growth For personal use only Six monthly 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
Slide 8: Continued Strong Growth
Capability + Ambition + Growth Continued Strong Growth For personal use only EBITDA $M (Pro Forma Jun 07) EBITDA % Margin (Pro Forma Jun 07) 30.1 30 10.29% 25 20 15 5.11% 3.71% 10 8.7 5 2.3 0 0. 00% Jun-05 Jun-06 Jun-07 Jun-05 Jun-06 Jun-07 8
Slide 9: Financial Summary – reported result
Capability + Ambition + Growth Financial Summary – reported result For personal use only FY 2007 FY 2006 % change Revenue $247.1M $171.0M 44.5% EBITDA $21.2M $8.7M 142.6% EBIT $18.5M $7.2M 157.5% NPAT $11.2M $4.4M 158.2% Earnings Per Share 10.66 cps 6.97 cps 52.9% Final dividend 4.5 cps 1.12 cps 301
Slide 10: Financial Summary – pro forma result
Capability + Ambition + Growth Financial Summary – pro forma result For personal use only FY 2007* FY 2006 % change Revenue $292.5M $171.0M +71.1% EBITDA $30.1M $8.7M +244.3% EBIT $27.2M $7.2M +277.9% NPAT $17.5M $4.4M +301.6% * FY2007 Pro forma result for the TCI / Service Stream Group. 10
Slide 11: Balance Sheet
Capability + Ambition + Growth Balance Sheet For personal use only $ million 30 Jun 30 Jun 2007 2006 Cash 5.2 2.0 Receivables & WIP 80.3 31.9 Fixed Assets 5.2 3.4 Other 7.7 3.5 Goodwill 155.7 18.6 Total Assets 254.1 59.4 Payables & provisions 78.1 23.6 Borrowings 35.5 6.5 Other 1.2 0.6 Total Liabili
Slide 12: Operating Cash Flow
Capability + Ambition + Growth Operating Cash Flow For personal use only $ million 30 Jun 30 Jun 2007 2006 Net profit after tax 11.2 4.4 Depreciation and Amortisation 2.7 1.5 Working capital movement (7.4) 1.8 Gain on sale of investments (1.3) - Operating cash flow 5.2 7.7 Investment 1.6 (1.0) Capit
Slide 13: New Contracts
Capability + Ambition + Growth New Contracts For personal use only y Customer care and directory assistance y Do Not Call Register y Payphones logistics and maintenance y Utilities Minor Works y Utilities Major Works 13
Slide 14: New Contracts – Financial Contribution
Capability + Ambition + Growth New Contracts – Financial Contribution For personal use only Contract Term Est. Annual Revenue Customer care and directory 5 years (3+2) $25M assistance Do Not Call Register 4 years $4M Payphones logistics and maintenance 5 years (3+1+1) $35M Utilities Minor Works (Qld
Slide 15: Other Acquisitions
Capability + Ambition + Growth Other Acquisitions For personal use only • General Purpose Group (Jan 2007) • Wireless technology • Complements existing capabilities in the telecommunications industry • Serviceworks (Jun 2007) • Metering division • Services to the Power industry • Strong position for
Slide 16: Outlook
Capability + Ambition + Growth Outlook For personal use only • Continued organic growth • Continue to seek out sensible acquisitions • Broadening infrastructure roll-out capability • Expanding into similar verticals • On going vertical integration • Significant new contracts signed • Healthy order b
Slide 17: Important Notice - Disclaimer
Capability + Ambition + Growth Important Notice - Disclaimer For personal use only 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