Slide 1: Shine Corporate Ltd 2013 Annual Results
For personal use only SHINE CORPORATE LTD 2013 Annual Results
Slide 2: Disclaimer
Disclaimer For personal use only • This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Limited and certain plans and objectives of the management of Shine Corporate Limited . • Such forward-looki
Slide 3: Agenda
For personal use only Introduction FY13 Highlights Key Financial and Operational Metrics Business Initiatives Strategic Priorities FY14 Financial Forecast 3 Year Outlook Corporate Information 3
Slide 4: Introduction
Introduction For personal use only • Australia’s third largest plaintiff litigation firm founded in 1976 • Values driven business – “Right Wrong.” • Decentralised national operation • 30+ offices, 600+ staff • Brisbane head office • Strong brand • Three year compound annual revenue growth of 21% • C
Slide 5: Introduction (cont'd)
Introduction (cont’d) For personal use only Personal Workers’ compensation Motor vehicle accidents Injury Medical negligence Litigation Public liability Product liability Professional negligence Environmental Emerging Disability insurance and superannuation Practice Class actions Litigation First pa
Slide 6: FY13 Highlights
FY13 Highlights For personal use only • Successful IPO and ASX listing May 2013 • Achieved FY2013 Prospectus forecast – EBITDA & NPAT • Brand Refresh – “Right Wrong.” • Successful completion of acquisitions: - 3 x NSW practices (personal injury) - 1 x QLD practice (emerging practice area) • Emerging
Slide 7: FY13 Financial Summary
FY13 Financial Summary For personal use only FY13 IPO 1 Measure FY12 Forecast FY13 Revenue $85.5 $101.7 $105.4 EBITDA $23.6 $27.1 $27.7 EBITDA Margin 27.6% 26.6% 26.3% EBIT $22.8 $25.7 $26.1 NPAT $15.5 $17.3 $17.5 Earnings per Share2 12.8c 11.2c 12.3c Dividend per Share 1.50c 1.75c Gross Operating C
Slide 8: Key Financial Indicators
Key Financial Indicators For personal use only The figures for FY08, FY09, FY10, FY11 and FY12 shown in the graphs comprise the Company, Shine Partnership and the Service Trust as if they had operated as one entity, as detailed in Shine Corporate Ltd's Prospectus of 28 March 2013. • FY13 Revenue gro
Slide 9: Key Financial Indicators (cont'd)
Key Financial Indicators (cont’d) For personal use only The figures for FY08, FY09, FY10, FY11 and FY12 shown in the graphs comprise the Company, Shine Partnership and the Service Trust as if they had operated as one entity, as detailed in Shine Corporate Ltd's Prospectus of 28 March 2013. • FY13 GO
Slide 10: Operational Metrics
Operational Metrics For personal use only New Enquiries New File Openings 35000 7000 30000 6000 25000 5000 20000 4000 15000 3000 10000 2000 5000 1000 0 0 FY08 FY09 FY10 FY11 FY12 FY13 FY08 FY09 FY10 FY11 FY12 FY13 The figures for FY08, FY09, FY10, FY11 and FY12 shown in the graphs comprise the Compa
Slide 11: Business Improvement Initiatives
Business Improvement Initiatives For personal use only • Refinement to Shine Case Management (SCM) processes • T2 business improvement project progressing as planned • Improvement in case selection processes • Improvement to integration of acquisitions PRIVATE AND CONFIDENTIAL 11
Slide 12: Acquisition Update
Acquisition Update For personal use only • Continuing to focus on damages based plaintiff litigation - ‘Inch wide mile deep’ strategy: • Acquisitions completed in FY13: • 3 x NSW (Fairfield x 2 and Liverpool) – personal injury • 1 x QLD (Dalby and Toowoomba) – landowners’ rights • File purchases con
Slide 13: FY14 Prospectus Forecasts
FY14 Prospectus Forecasts For personal use only • Directors confirm FY14 IPO Forecast for Revenue and EBITDA • Key assumptions include maintaining productive time at an 84.5% recoverability rate, and the addition of 18 new Fee Earners PRIVATE AND CONFIDENTIAL 13
Slide 14: Strategic Outlook
3 Year Strategic Outlook For personal use only Financial Driver Focus Industry Trends • File openings / growth • Australian growth potential of • WIP recovery rate Shine • Case file management • Consolidation trends • Smaller firms experiencing constraints • Legislative – WorkCover, NDIS, NIIS Opera
Slide 15: Questions?
For personal use only Questions? More Information: thank you www.shine.com.au PRIVATE AND CONFIDENTIAL 15