Count Limited · ASX:CUP
Count — CountPlus — H1 FY2019 Earnings Presentation
21 slides from Count's earnings presentation, Feb 20, 2019
Slide 1: CountPlus Limited Results Presentation HY19
CountPlus Limited (ASX: CUP) Results Presentation For the Half-Year Ended 31 December 2018 PRESENTED BY Matthew Rowe, CEO and Managing Director Laurent Toussaint, CFO and Company Secretary 20 February 2019 Results Presentation – HY19
Slide 2: Disclaimer
Disclaimer This document is a presentation of general Forward looking statements Pro forma financial information background information about the activities of CountPlus Limited (CountPlus) current at the This document contains certain forward-looking statements and CountPlus uses certain measures t
Slide 3: CountPlus key statistics
CountPlus key statistics Listed on the ASX since 2010, we are a network of successful professional accounting and financial advice firms, aligned through our shared values and sense of community CountPlus footprint HY dividend of 1 cent per share No. 1 Count Firm EBITA firms in NSW, margin of 18% in
Slide 4: Half year performance highlights – HY19
Half year performance highlights – HY19 Financial Results – HY19 • Turnaround of CountPlus tracking according to plan $’000 • Reported HY19 net profit of $2.6M compared to a loss of $3.3M for HY18 Revenue from EBITA NPATA operating activities • Run-rate showing an improvement at an earnings level. F
Slide 5: CountPlus timeline
CountPlus timeline Two year turnaround process Community of firms consistently Increase in performing to best Refreshed underlying EBITA Fiscally responsible practice levels on Successful leadership across margins of Partner Strategic shift in conclusion of TFS Focus on working deployment of key mea
Slide 6: Purchase of Kerry Albert & Co
Purchase of Kerry Albert & Co A strong alignment of values and purpose • CountPlus member firm 360 Financial Advantage (“360 FA”) has • 360 FA has acquired the entire client base of Kerry Albert finalised terms to acquire Kerry Albert & Co, a longstanding excluding the audit fees generated by the pr
Slide 7: Financial Performance
Financial Performance Laurent Toussaint, Chief Financial Officer Results Presentation – HY19
Slide 8: Key metrics
Key metrics Revenue, EBITA, NPAT, NPATA, track record HY18 to HY19 HY19 has built on the foundation that was set in FY18 by CountPlus Financial Results summary HY19 HY18 Movement $’000 $’000 $’000 % Revenue from operating activities 35,997 38,760 (2,763) (7) Adjusted Earnings before interest and tax
Slide 9: Adjusted profit – HY19 vs HY18
Adjusted profit – HY19 vs HY18 NPATA and EBITA analysis – Adjusted HY19 HY18 Movement Key points to note: $’000 $’000 % change • The increased NPAT reflects the Net profit / (loss) after tax 2,630 (3,281) focus on firm production planning and operating capacity Add: Loss from discontinued operations
Slide 10: Partner Firms - 100% aggregation
Partner Firms - 100% aggregation Pro forma P&L analysis HY19 HY18 Key points to note: $’000 $’000 • This analysis is prepared by aggregating all Total Revenue from operating activities 47,358 49,446 entities at 100%. This analysis reflects the Operational Salaries (24,733) (26,361) underlying perfor
Slide 11: Revenue, Lock up and other metrics
Revenue, Lock up and other metrics Financial metrics HY19 FY18 Key points to note: $’000 $’000 • There has been an improvement across Revenue per full time employee (Firm level) 192 182 CountPlus in a number of metrics including but not limited to revenue per Average firm EBITA margin - (%) 18% 15%
Slide 12: Cash flow statement
Cash flow statement HY19 – Cash flow statement waterfall ($’000) Key points to note: • The majority of the cash flows from investing activities relates to the settlement of the O’Brien investment, payment of deferred consideration on acquisitions and purchase of equipment • The majority of the cash
Slide 13: Dividends
Dividends • HY19 interim dividend of 1 cent per share fully franked • Target dividend pay-out ratio of 40% to 70% of maintainable net profit after tax attributable to CountPlus shareholders • Pay dividends out of operating cash flow generated per company policy • Key dates for HY19 dividend: • Ex-Di
Slide 14: Corporate Index – Appendices
Corporate Index – CountPlus Appendices Results Presentation – HY19
Slide 15: Corporate Details
Appendix 1 Corporate Details Snapshot CountPlus Limited ticker ASX:CUP ABN 11 126 990 832 Shares on issue 114,222,559 Share price – 7 February 2019 $0.53 Market capitalisation ($’M) 60.5 Results Presentation – HY19 15
Slide 16: Abridged Statement of Financial Position
Appendix 2 Abridged Statement of Financial Position Abridged Statement of Financial Position Movement (HY19 HY19 FY18 HY18 ($’000) vs FY18) Cash 11,423 10,998 4,585 425 Interest bearing loans and borrowings (1,186) (2,023) (4,227) 837 Investments in associates 10,612 9,088 8,868 1,524 Intangible Ass
Slide 17: Board and Management of CountPlus
Appendix 3 Board and Management of CountPlus Ray Kellerman Alison Ledger Kate Hill Andrew McGill Independent Non-Executive Chair Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director Matthew Rowe Laurent Toussaint Graham McGeagh Narelle Wooden Manag
Slide 18: Managing Principals of CountPlus Firms
Appendix 3 Managing Principals of CountPlus Firms Victoria Studley Mark Kenmir Chris Nicoloff Christine Robinson Ian George Managing Director – 360 Financial Managing Director – Addvantage Managing Director – Bentleys Manging Director – Cooper Reeves Managing Director – countplus one Advantage Accou
Slide 19: Managing Principals of CountPlus Firms
Appendix 3 Managing Principals of CountPlus Firms Ross Hedrick Geoff Missen Peter Mogg Mark O’Brien Chris Mullins Managing Director – Kidmans Partners Managing Director – MBA Partnership Managing Director – Mogg Osborne Senior Principal – O’Brien Senior Principal – O’Brien David Evers Lucas Woodbury
Slide 20: Salient dates
Appendix 4 Salient dates Key Dates HY19 interim dividend paid April 2019 FY19 year end results August 2019 Annual General Meeting November 2019 Results Presentation – HY19 20
Slide 21: Thank you
THANK YOU Results Presentation – HY19 21