Ashley Services Group Ltd. · ASX:ASH
Ashley Services — Shareholder Meeting (October 2020)
9 slides from Ashley Services's shareholder meeting presentation, Oct 22, 2020
Slide 1: 2020 Annual General Meeting
For personal use only Labour Hire | Recruitment Training 2020 ANNUAL GENERAL MEETING 10:00am Thursday 22 October 2020
Slide 2: Agenda
Agenda For personal use only ▪ Opening Address from Chairman – Ian Pratt ▪ Business Update from Managing Director – Ross Shrimpton ▪ Q1 FY21 Financial Results – Chris McFadden CFO ▪ Resolutions as per Notice of Meeting ▪ General Business ▪ Close of Annual General Meeting 2
Slide 3: Pleasing profit lift on reduced revenue
Pleasing profit lift on reduced revenue For personal use only Unaudited Unaudited Audited Audited Audited ▪ NPAT for Q1 FY21 at $2.0m was up $0.3 million on $ million Q1 FY21 Q1 FY20 H1 FY20 H2 FY20 F20 the prior corresponding period Revenue by segment ▪ EBITDA for Q1 FY21 at $3.4m is h$0.5m (h19%)
Slide 4: Q1 FY21 Balance Sheet
Q1 FY21 Balance Sheet For personal use only $ million Unaudited Unaudited Audited Q1 FY21* Q1 FY20** FY20*** ▪ Cash balance down $3m from end FY20 – refer cash flow comments Assets Current Assets ▪ Trade Receivables have grown since year end largely due to growth in CCL Cash and cash equivalents 5.1
Slide 5: Q1 FY21 Cash Flow
Q1 FY21 Cash Flow For personal use only $ million Unaudited Unaudited Audited ▪ Net Cash from operating activities of $0.5m Q1 FY21* Q1 FY20** FY20*** ▪ Q1 FY21 EBITDA $3.4m less EBITDA 3.4 2.0 9.7 ▪ Working Capital demand of $1.5m Change in working capital (1.5) 3.1 7.8 Net interest/tax received /
Slide 6: Labour Hire, improving EBITDA %
Labour Hire, improving EBITDA % For personal use only ▪ Labour Hire Revenue i$6.6m i7% (i$0.8m i1% excl 14 Unaudited Unaudited Audited $ million week impact*) Q1 FY21 Q1 FY20 FY20 * 13 week v FY20 14 week, impact $5.8m Revenue 85.1 91.7 329.5 ▪ Action Workforce i$3.1m i5% (h$1.7m h3% excl 14 week im
Slide 7: Training now includes The Instruction Company
Training now includes The Instruction Company For personal use only ▪ Training Division has faced a challenging quarter given Unaudited Unaudited Audited Covid restrictions particularly in Victoria. We continue to $ million operate across a focused range of qualifications on scope, Q1 FY21 Q1 FY20 F
Slide 8: Proxies Cast
Proxies Cast For personal use only Proxy Resolution For Against Abstain Discretion ITEM 2. Remuneration Report 25,936,975 0 0 84,749,531 ITEM 3. Re-election of Director: 110,055,876 0 0 0 Christopher McFadden 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 22 October 2020 (“Presentation Date”). No financial advice: The information in this presentat
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