Slide 1: FY16 Results Presentation
ASX: DDR FY16 Results Presentation March 2017
Slide 2: Corporate Headlines
Corporate Headlines Capital Structure Shareholders Share Price (24 Mar 2017) $2.17 Founder -David Dicker 60.6m 38% Fully paid ordinary shares 160.0m Founder -Fiona Brown 54.0m 34% Options 0.0m Free Float 45.5m 28% Market Capitalisation $347.2m Cash (31 Dec 2016) $17.5m Drawn Debt (30 Dec 2016) $114.
Slide 3: Our Success
Our Success $109.7m $103.5m $1,185.5m Revenue $1,077.6m Gross Profit $82.1m $936.5m $662.8m $54.2m FY14 Jan-Dec14 FY15 FY16 FY14 Jan-Dec14 FY15 FY16 $36.6m EBITDA $45.4m Operating Profit before tax * * $42.6m $31.6m * $25.4m * $20.6m $14.3m $15.4m FY14 Jan-Dec14 FY15 FY16 FY14 JAN-DEC14 FY15 FY16 *
Slide 4: 2016 Results Highlights
2016 Results Highlights DIVIDENDS PER SHARE DICKER
Slide 5: 2016 Results Highlights
2016 Results Highlights • In 2016 Dicker Data continued its growth story with group revenues growing at 10%. We maintained growth across all sectors and geographies of the business. A total of 8 new vendors were on-boarded during 2016 contributing an incremental $25.1m in revenue. • Gross profit inc
Slide 6: Full Year Results to 31 Dec 2016
Full Year Results to 31 Dec 2016 12 Months Results to 31 December 2016 • Organic revenue growth achieved across existing vendors as well as new vendor Key Financial Data (in $m) additions. 12 months to: Dec-16 Dec-15 Variance • Profit margins have abated slightly after some Total Revenue 1,185.5 1,0
Slide 7: Sources of Revenue Growth 2016
Sources of Revenue Growth 2016 • Dicker Data has continued to add new vendors and increased the breadth of products offered by existing vendors, whilst still driving growth and market share in its existing vendor portfolios. • 47% of revenue growth came from existing vendors which collectively are c
Slide 8: Sources of Profit Growth
Sources of Profit Growth 12 Sources of Profit Growth 2016 $10.5m 10 8 6 -$4.3m $1.0m $4.9m $1.2m 4 -$0.4m -$3.1m 2 0 Margin on Margin quality Variable Fixed Operating Other Income Financing Costs YoY Operating revenue growth degredation Operating Costs Costs Profit Growth
Slide 9: New Zealand Trading Results
New Zealand Trading Results Key Financial Data (in $NZm) • In NZ we saw slight growth in revenue of 1.5% in local currency, with strong gains in our volume and software business, but offset by a further decline in 12 months to: Dec-16 Dec-15 Variance our networking business. Total Revenue 135.5 133.
Slide 10: Balance Sheet
Balance Sheet Net Assets (in $m) Dec-16 Dec-15 Dec-14 Dec-13 Cash and equivalents 17.5 15.8 16.4 0.2 • Investment in working capital has Other current assets 269.7 280.3 215.6 98.1 decreased as at Dec 16 with reductions in Goodwill & Intangibles 30.5 31.9 34.0 0.0 inventory holdings and accounts Oth
Slide 11: Cash Flow
Cash Flow Source and Application of Cash • The company finished the trading year with $15.8m Open Cash $17.5m in cash. $45.4m EBITDA • At the end of 2016 the company’s investment in working capital decreased to -$10.5m Net Interest & Tax Operating $114.6m , representing an decrement in $23.1m Workin
Slide 12: Capital Management
Capital Management • The company maintains an active approach to capital management with varied sources and tenure in it’s debt and equity profile. • In 2015 a 5 year unsecured corporate bond was issued, contributing $39.1m net of transaction costs in long term debt. • The company continues to offer
Slide 13: Leverage and Performance
Leverage and Performance Leverage 8.0 • In 2014, the company acquired Express Data Holdings Limited for $65.5m which was funded by an increase in 6.0 debt facilities -significantly increasing the company's 4.0 invested capital and balance sheet leverage. 2.0 • After the successful integration of the
Slide 14: 2017 Guidance
2017 Guidance • The company remains well placed for FY17 to achieve both revenue and profit growth. • We are forecasting revenue growth at just under 10% which is expected to be as a result of organic growth and full year contribution from 2016 vendor additions, plus partial contribution of new vend
Slide 15: Dividends
Dividends • Total dividends declared for FY16 were 15.95 cps Record Date Payment Date Dividend (CPS) Type Amount with a final dividend for FY16 payable 17 March Franked 2017 at 4.4 cps. 8-Jun-16 16-Jun-16 0.0385 Interim 100% • In FY17 the company intends to continue to streamline it’s dividend payme
Slide 16: 2017 Opportunities
2017 Opportunities • We will continue strengthening our enterprise and midmarket capabilities across ANZ, leveraging our existing and newly on boarded vendors to drive new market opportunities and innovation for our customers. • Market trends such as cloud, digital transformation and Internet of Thi
Slide 17: Further Information
Further Information Contact Information ▪ David Dicker – david.dicker@dickerdata.com.au ▪ Mary Stojcevski – mary.stojcevski@dickerdata.com.au ▪ Vladimir Mitnovetski – vlad.mitnovetski@dickerdata.com.au
Slide 18: Disclaimer
Disclaimer This presentation has been prepared by Dicker Data Ltd (ACN 000 969 362). All information and statistics in this presentation are current as at 24 March 2017 unless otherwise specified. It contains selected summary information and does not purport to be all-inclusive or to contain all of