Slide 1: FY2016 – H1 Results Presentation
FY2016 – H1 Results Presentation September 2016
Slide 2: Corporate Headlines
Corporate Headlines Capital Structure Shareholders Share Price (1 Sep 2016) $1.97 Founder -David Dicker 60.6m 38% Fully paid ordinary shares 159.4m Founder -Fiona Brown 53.9m 34% Options 0.0m Free Float 45.3m 28% Market Capitalisation $314.1m Cash (30 June 2016) $21.3m 1 year Share Price Drawn Debt
Slide 3: FY2016 – H1 Results Highlights
FY2016 – H1 Results Highlights Revenue for the consolidated en2ty con2nues to grow at double digit pace (+11.1%), inline with our forecast. The company has on-‐boarded 13 new vendors since the beginning of 2015, and these vendors have contributed $24.4m in revenue growth in H1 yoy. Organic (exis2ng
Slide 4: Half Year Results to June 2016
Half Year Results to 30 June 2016 Key Financial Data (in $m) 6 months to: Jun-16 Jun-15 Variance • Revenue for the consolidated entity has grown $58.8m, or 11.1% yoy for the first half of the Total Revenue 590.3 531.5 11.1% year. Gross Profit 53.5 51.1 4.8% • Profit margins have normalised to 9.1% a
Slide 5: Balance Sheet
Balance Sheet Net Assets (in $m) Jun-16 Dec-15 Cash and equivalents 21.3 15.8 Accounts receivable 184.9 164.0 Inventory 102.0 116.3 • The balance sheet reflects a decreased investment in Other current assets 0.0 0.0 working capital over the previous period, with Total current assets 308.2 296.1 rece
Slide 6: Cash Flows
Cash Flows Source and Applica/on of Cash • The company’s cash flow benefited from the improved working capital position since the last $15.8m Open Cash reporting period, generating $29.7m in cash. $22.5m EBITDA • Working capital days improved by 12.6 days over the previous period. The improvement in
Slide 7: 2016 Guidance
2016 Guidance YTD Profit Before Tax • Forecasted revenue growth of over 10% was achieved for the half year and we expect this growth 40 rate to be sustained in H2. 35 • As per our previous guidance and expectations gross 30 margins have contracted. Gross margin results achieved in H1 are in line with
Slide 8: FY2016 – H2 Initiatives
FY2016 – H2 Initiatives New Zealand • Target growth of the mid-market and SMB business in New Zealand with the recent creation and investment in Volume Business Unit in New Zealand. Cloud Strategy • Launched Microsoft CSP in Australia. • On boarding more vendors with unique IP cloud offering to be i
Slide 9: New Zealand Trading Results
New Zealand Trading Results Key Financial Data (in $NZm) 6 months to: Jun-16 Jun-15 Variance • The company’s New Zealand operations have continued to grow and revenues are yoy 9.1% ahead. Product Revenue 66.5 60.9 9.1% • Profit margins have moderated from 10.5% to 9.2%, Gross Profit 6.1 6.4 -3.8% as
Slide 10: Cloud Strategy
Cloud Strategy • Launched Microsoft CSP in Australia in Sep16 Public-Presented Cloud • Have been transacting Microsoft CSP in New Zealand since Jun15 • Announced new distribution partnership agreements to enable customers to transform their businesses to cloud: Migration Tools Cloud Secure File Stor
Slide 11: Cloud Revenue
Cloud Revenue • Total subscription and renewable based Cloud Revenue for H116 was: Public-Presented Cloud Australia New Zealand Group $32.1M $9.0M (AUD) $41.1M 6.1% of Revenue 14.7% of Revenue 7.0% of Revenue • We have categorised Cloud Revenue as revenue derived from non-physical products and servi
Slide 12: Operational Expansion
Operational Expansion • On 25 Feb 2016, Dicker Data announced the land purchase of the 17.2 hectare site adjacent to its Exis/ng existing premises, in preparation for Site expansion to a new distribution centre. • Settlement was on 13 May 2016 and included a price adjustment $1m in Dicker Data’s fav
Slide 13: H1 2016 Recognition and Awards
H1 2016 Recognition and Awards APC Distributor of the Year Cisco ANZ Distribu2on Partner of the Year 2016 Watchguard Australian Distributor of the Year Lenovo Distributor of the Year 2016 Veritas Distributor of the Year Qnap Top Growth Distributor APAC
Slide 14: 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 15: 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 2 September 2016 unless otherwise specified. It contains selected summary information and does not purport to be all-inclusive or to contain all