Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (November 2022)
9 slides from Ashley Services's shareholder meeting presentation, Nov 30, 2022
Slide 1: 2022 Annual General Meeting
For personal use only 2022 ANNUAL GENERAL MEETING Wednesday 30 November 2022
Slide 2: Agenda
Agenda For personal use only ▪ Opening Address from Chairman – Ian Pratt ▪ Business Update from Managing Director – Ross Shrimpton ▪ Q1 FY23 Financial Results – Paul Brittain CFO ▪ Resolutions as per Notice of Meeting ▪ General Business ▪ Close of Annual General Meeting 2
Slide 3: Q1 FY23 Financial Results
Q1 FY23 Financial Results Both organic revenue growth and the Linc acquisition are driving Profit growth ▪ NPAT for Q1 FY23 at $3.1m was up $0.8 million on the For personal use only prior corresponding period (“pcp”). Unaudited Unaudited Audited Audited Audited $ million Q1 FY23 Q1 FY22 H1 FY22 H2 F
Slide 4: Balance Sheet
Q1 FY23 Financial Results Balance Sheet Unaudited Unaudited Audited $ million Q1 FY23 Q1 FY22 FY22 For personal use only Assets ▪ The unaudited balance sheet for Q1 of FY23 includes preliminary Current Assets acquisition accounting entries for Linc, acquired on 5 July 2022. Cash and cash equivalents
Slide 5: Cash Flow
Q1 FY23 Financial Results Cash Flow For personal use only Unaudited Unaudited Audited $ million Q1 FY23 Q1 FY22 FY22 ▪ Net Cash from operating activities strong at $9.2m, EBITDA 5.0 3.7 18.7 with improved EBITDA and one-off benefit of sundry Change in working capital 6.9 (0.9) (7.1) debtor collectio
Slide 6: Labour Hire, strong Revenue growth
Q1 FY23 Financial Results Labour Hire, strong Revenue growth For personal use only ▪ Labour Hire Revenue up $20.8m or 20% Unaudited Unaudited Audited $4.8m from Linc. $9m from Construction related labour hire in $ million Q1 FY23 Q1 FY22 FY22 Victoria. Remainder mainly in Action Work Force, East Coa
Slide 7: Training top line growth accompanied with return to 20%+ margins
Q1 FY23 Financial Results Training top line growth accompanied with return to 20%+ margins For personal use only ▪ Training Division has seen a pleasing lift in revenue, up $0.8m Unaudited Unaudited Audited $ million or 28% with this growth spread across all states. Q1 FY23 Q1 FY22 FY22 ▪ COVID chal
Slide 8: Proxies Cast
Proxies Cast For personal use only Proxy Resolution For Against Abstain Discretion ITEM 2. Remuneration Report 26,723,476 33,515 133,698 14,539 ITEM 3. Election of Director: 107,463,757 11,000 114,091 34,907 Paul Brittain 8
Slide 9: Notice and Disclaimer
Notice and Disclaimer For personal use only Purpose and Date: This presentation contains general background information about the activities of Ashley Services Group Limited ABN 92 094 747 510 (“ASH”) as at 30 November 2022 (“Presentation Date”). No financial advice: The information in this presenta
Ashley Services Group — Shareholder Meeting (November 2022) on 6ix