Slide 1: Half Year Results, Business Presentation & Capital Raising
For personal use only Half Year Results, Business Presentation & Capital Raising February 2014 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 2: Important Information
Important Information For personal use only Summary information The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Smart Parking Ltd (Smart Parking), including by its respective employees, agen
Slide 3: Executive Summary
Executive Summary For personal use only • Smart Parking (ASX: SPZ) is a world leader in the development and marketing of intelligent car parking solutions and parking management services • SPZ runs two business divisions: • Parking Technology – established in 2003, specialises in on-street and off-s
Slide 4: Agenda
Agenda For personal use only • Introduction • Half Year Financial Results • Operational Update • Future Growth • Capital Raising • Summary 4 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 5: Smart Parking Overview
Smart Parking Overview For personal use only • Smart Parking is a world leader in the development Capital Structure and marketing of intelligent car parking solutions and Parking Management Services Shares 208,308,602 Options - • The group is segregated into two business areas: Market $41.7m (14 Feb
Slide 6: How Does the Technology Work?
How Does the Technology Work? For personal use only - s s - - 6 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 7: Board
Board For personal use only • Chris Morris (Chairman) • Founder and Chairman of Computershare. • Chris was appointed Chief Executive Officer in 1990 and oversaw the listing of Computershare on the ASX in 1994. Chris became the Computershare Group's Executive Chairman in November 2006 and relinquishe
Slide 8: Half Year Financial Results
For personal use only February 2014 Half Year Financial Results NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 9: Half Year Results
Half Year Results For personal use only Financial Performance Financial Position (A$000’s) 2014 H1 2013 H1 ($000’s) Dec 2013 Jun 2013 Revenue 11,371 11,605 Current Assets 15,291 12,244 EBITDA (992) (1,635) Non Current Assets 10,108 10,532 Net Profit/(Loss) (1,371) (2,605) Total Assets 25,399 22,776
Slide 10: Technology
Technology For personal use only Key achievements: % of % • New business wins at ($000’s) 2014 H1 2013 H1 Total Change Westminster City Council (UK), Rev. Camden Council (UK), Bondi New Zealand 712 612 16% 43% Beach (Aust) and Rotorua (NZ) Australia 438 181 142% 27% • Growth in recurring revenue Uni
Slide 11: Management Services
Management Services For personal use only Key achievements: % % of Total ($000’s) 2014 H1 2013 H1 • Added 3 new sales heads Change Revenue • Created new direct marketing Management Fees 2,387 2,718 (12%) 23% campaign P&D Income 4,518 4,275 6% 44% • Further technology roll out Civil Penalties 2,304 2
Slide 12: Operational Update
For personal use only Operational Update NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 13: Technology
Technology For personal use only • Completed sales and installations: Contract Sensors Date of Completion Rotorua (NZ) 1,500 Dec 13 Bondi (AUS) 900 Feb 14 Westminster (UK) 3,000 Expected 30 March 2014 • Recurring data and maintenance revenue continue to grow with each new contract completion • Produ
Slide 14: Management Services
Management Services For personal use only • Created a target driven environment focused on yield management, cost reduction and revenue increase • Focus on maximising revenue opportunities across the existing estate • Number Plate Recognition camera installation continuing – further 20 site installa
Slide 15: Future Growth
For personal use only Future Growth NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 16: Future Growth in Technology
Future Growth in Technology For personal use only Apply new and existing funds to accelerate growth, maximise revenue streams and drive profitability • Installations • Strengthen sales resources to win new business across tier 1 focus areas (UK, Australia and NZ) and tier 2 focus areas (UAE, USA and
Slide 17: Future Growth in Technology
Future Growth in Technology For personal use only Apply new and existing funds to accelerate growth, maximise revenue streams and drive profitability • Recurring Revenue • Continue to sell and grow data hosting revenue in all new and existing sensor installations • Continue to sell and grow maintena
Slide 18: Summary
For personal use only Summary NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 19: Summary
Summary For personal use only • SPZ is a world leader in the development, installation and maintenance of intelligent car parking solutions for cities around the globe and Parking Management Services in the UK • Financial results for the half year are encouraging for the technology business with new
Slide 20: Capital Raising
For personal use only CAPITAL RAISING NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 21: Capital Raising
Capital Raising For personal use only • Smart Parking is undertaking a fully underwritten pro rata, non renounceable 2 for 5 entitlement offer to raise $12.5m (pre offer costs) (“Entitlement Offer”) • Funds raised will be applied to Smart Parking’s growth strategy as set out below: Activity Yr1 Yr2
Slide 22: Details
Details For personal use only Offer Structure 2 for 5 underwritten pro-rata accelerated non-renounceable entitlement offer to raise gross proceeds of circa $12.5m pre offer costs (“ ”) (“I ”) (“ ”) x 83 3 P (“ ”) Approximately 40% of current issued share capital Where fractions arise in th
Slide 23: Arrangements with Finico Pty Ltd and potential effects on control
Arrangements with Finico Pty Ltd and potential effects on control For personal use only Finico Pty Ltd (Finico), x 19 91% PZ , ’ M ris, also a Director of SPZ, ‐ Pursuant to that agreement, Finico ‐ $12 5 (Finico ‐ ) 100% the Entitlement Offer. The Underwriter has agreed to pay Finico a fee of 0.5%
Slide 24: Arrangements with Finico Pty Ltd and potential effects on control
Arrangements with Finico Pty Ltd and potential effects on control For personal use only F ’ sub- PZ ‘ ’ Finico will be allocated shortfall shares according to the allocation policy set out below: 2 for 5 Entitlement Offer ~$12.5m Institutional Pool Retail Pool ~$5.4m $7.1m Existing entitlements Exis
Slide 25: Timetable
Timetable For personal use only Capital Raising Time (AEST) / Date (2014) Announcement of the Entitlement Offer Wednesday, 19 February Institutional Entitlement Offer opens Wednesday, 19 February Institutional Entitlement Offer closes Thursday, 20 February Trading halt lifted. Shares resume trading
Slide 26: Ineligible Securityholders
Ineligible Securityholders For personal use only Nominee to administer Ineligible Securityholder entitlements Some securityholders as determined by SPZ are not eligible to participate in the Entitlement Offer due to securities law restrictions on the offer of entitlements in certain jurisdictions (I
Slide 27: Key Risks
Key Risks For personal use only Introduction An investment in the Company is not risk free and prospective new investors should consider the risk factors described below, together with information contained elsewhere in this Offer, before deciding whether to apply for Securities. The following is no
Slide 28: Key Risks
Key Risks For personal use only Legal Disputes The Company is currently in dispute with the vendor of its UK parking business (Vendor) which it acquired in early 2012. The Vendor has lodged claims against the Company seeking various declarations in respect of the sale and purchase documentation (SPA
Slide 29: Key Risks
Key Risks For personal use only Regulation The parking management services industry in the UK where Smart Parking operates such business is generally highly regulated and the introduction of new legislation or amendments to existing legislation by governments, developments in existing common law, or
Slide 30: Key Risks
Key Risks For personal use only Management of Growth and Strategy T ’ f the Offer. The capacity of the ’ ance. Share Market ’ q ’ ance. Share market conditions are affected by many factors such as: • general economic outlook; • interest rates and inflation rates; • currency fluctuations; • changes i
Slide 31: International Offer Restrictions
International Offer Restrictions For personal use only No overseas offer No offer will be made to any holder with a registered address outside Australia or New Zealand. The distribution of this presentation in jurisdictions outside Australia may be restricted by law and any such restrictions should
Slide 32: Contact
Contact For personal use only • Paul Gillespie - CEO • + 61 408 790 710 • paul.gillespie@smartparking.com • Richard Ludbrook - CFO • + 64 275 543 661 • richard.ludbrook@smartparking.com • Web: www.smartparking.com 32 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Slide 33: Recent Media Coverage
Recent Media Coverage: For personal use only • http://www.theguardian.com/technology/2014/jan/17/are-londons-drivers-ready-for- the-oyster-card-for-cars • http://www.bbc.co.uk/news/technology-25727117 • http://qz.com/166182/how-london-plans-to-eliminate-the-search-for-a-parking-spot/ • http://www.fr