Service Stream Limited · ASX:SSM
Service Stream — Shareholder Meeting (October 2007)
31 slides from Service Stream's shareholder meeting presentation, Oct 25, 2007
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 25 October 2007
Slide 2: Record earnings performance
Capability + Ambition + Growth Record earnings performance For personal use only Pro forma Statutory Revenue $292.5M, +71.1% $247.1M, +44.5% EBITDA $30.1M, +244.3% $21.2M, +142.6% NPAT $17.5M, +301.6% $11.2M, +158.2% Annual General Meeting 2
Slide 3: Year in Review
Capability + Ambition + Growth Year in Review July 2006 Acquired Radhaz Consulting For personal use only August 2006 Acquired Fibercom August 2006 Vodafone contract extension and expansion January 2007 Completes merger with TCI, cancels 40.3M shares January 2007 Acquired General Purpose Group Februa
Slide 4: Remuneration report resolution
Capability + Ambition + Growth Resolution 1 For personal use only “That the remuneration report of the Company presented at the meeting and signed by the chair for the purposes of identification, be received and adopted.” Annual General Meeting 4
Slide 5: Re-election of John Llewellyn Davies
Capability + Ambition + Growth Resolution 2 For personal use only “That John Llewellyn Davies who retires by rotation in accordance with rule 7.1(d) of the Company’s constitution and, being eligible, stands for re- election, be re-elected as a director of the Company.” Annual General Meeting 5
Slide 6: Re-election of Michael Edward Doery
Capability + Ambition + Growth Resolution 3 For personal use only “That Michael Edward Doery who retires by rotation in accordance with rule 7.1(d) of the Company’s constitution and, being eligible, stands for re- election, be re-elected as a director of the Company.” Annual General Meeting 6
Slide 7: Re-election of Russell Andrew Small
Capability + Ambition + Growth Resolution 4 For personal use only “That Russell Andrew Small who retires by rotation in accordance with rule 7.1(d) of the Company’s constitution and, being eligible, stands for re- election, be re-elected as a director of the Company.” Annual General Meeting 7
Slide 8: Re-election of Adrian James Field
Capability + Ambition + Growth Resolution 5 For personal use only “That Adrian James Field who retires by rotation in accordance with rule 7.1(d) of the Company’s constitution and, being eligible, stands for re- election, be re-elected as a director of the Company.” Annual General Meeting 8
Slide 9: Re-election of Stephe Peter Wilks
Capability + Ambition + Growth Resolution 6 For personal use only “That Stephe Peter Wilks who retires by rotation in accordance with rule 7.1(f) of the Company’s constitution and, being eligible, stands for re- election, be re-elected as a director of the Company.” Annual General Meeting 9
Slide 10: Approval of issue of million placement shares
Capability + Ambition + Growth Resolution 7 For personal use only Approval of issue of 20 million placement shares Annual General Meeting 10
Slide 11: Employee share ownership plan approval
Capability + Ambition + Growth Resolution 8 For personal use only Establish and implement an employee share ownership plan, and the issue of securities of the Company under the Service Stream ESOP be approved as an exception to rule 7.1 of the ASX Listing Rules Annual General Meeting 11
Slide 12: ESOP approval under Corporations Act
Capability + Ambition + Growth Resolution 9 For personal use only The Service Stream ESOP be approved for all other purposes, including for the purposes of part 2J.2 and part 2J.3 of the Corporations Act 2001 Annual General Meeting 12
Slide 13: Exempt employee share ownership plan approval
Capability + Ambition + Growth Resolution 10 For personal use only Establish and implement an exempt employee share ownership plan, and the issue of securities of the Company under the Service Stream Exempt ESOP be approved as an exception to rule 7.1 of the ASX Listing Rules Annual General Meeting
Slide 14: Exempt ESOP approval under Corporations Act
Capability + Ambition + Growth Resolution 11 For personal use only The Service Stream Exempt ESOP be approved for all other purposes, including for the purposes of part 2J.2 and 2J.3 of the Corporations Act 2001 Annual General Meeting 14
Slide 15: Share issue to John Llewellyn Davies
Capability + Ambition + Growth Resolution 12 For personal use only That the issue to John Llewellyn Davies (or an entity nominated by him that is his family trustee, controlled entity or superannuation fund) of 100,000 fully paid ordinary shares in the Company for no consideration, be approved for t
Slide 16: Share issue to Patrick Joseph Flannigan
Capability + Ambition + Growth Resolution 13 For personal use only Issue to Patrick Joseph Flannigan of up to 800,000 fully paid ordinary shares each year subject to completion of one or more milestone projects Annual General Meeting 16
Slide 17: Share issue to Michael Edward Doery
Capability + Ambition + Growth Resolution 14 For personal use only Issue to Michael Edward Doery of up to 800,000 fully paid ordinary shares each year subject to completion of one or more milestone projects Annual General Meeting 17
Slide 18: Increase in directors' remuneration
Capability + Ambition + Growth Resolution 15 For personal use only Increase in the remuneration of the directors for their services as directors be increased from $500,000 to $750,000 Annual General Meeting 18
Slide 19: CEO Presentation October 2007
For personal use only Annual General Meeting - CEO Presentation 25 October 2007
Slide 20: Agenda
Capability + Ambition + Growth Agenda For personal use only • Year in Review • Financials • AAS Contract Structure • Business Overview • Future Outlook Annual General Meeting 20
Slide 21: Year in Review
Capability + Ambition + Growth Year in Review For personal use only • Strong Financial Performance • Increased Fully Franked Dividend of 4.5 cps • Successful integration of TCI • TOW growth to 12,000 per day by July 2008 Annual General Meeting 21
Slide 22: Year in Review
Capability + Ambition + Growth Year in Review July 2006 Acquired Radhaz Consulting For personal use only August 2006 Acquired Fibercom August 2006 Vodafone contract extension and expansion January 2007 Completes merger with TCI, cancels 40.3M shares January 2007 Acquired General Purpose Group Februa
Slide 23: Financial Summary – reported result
Capability + Ambition + Growth Financial Summary – reported result For personal use only FY 2007 FY 2006 % change Revenue $247.1M $171.0M 44.5% EBITDA $21.2M $8.7M 142.6% EBIT $18.5M $7.2M 157.5% NPAT $11.2M $4.4M 158.2% Earnings Per Share 10.66 cps 6.97 cps 52.9% Final dividend 4.5 cps 1.12 cps 301
Slide 24: Balance Sheet
Capability + Ambition + Growth Balance Sheet $ million 30 Jun 30 Jun 2007 2006 For personal use only Cash 5.2 2.0 Receivables & WIP 80.3 31.9 Fixed Assets 5.2 3.4 Other 7.7 3.5 Goodwill 155.7 18.6 Total Assets 254.1 59.4 Payables & provisions 78.1 23.6 Borrowings 35.5 6.5 Other 1.2 0.6 Total Liabili
Slide 25: Continued Strong Growth
Capability + Ambition + Growth Continued Strong Growth Six monthly Revenue / EBITDA (Pro Forma Dec 06) For personal use only November 2004 February 2005 January 2006 August 2006 January 2007 190 Acquired Skilled Acquired operating Acquired Acquired Merger Communications Businesses of Milcom Fibercom
Slide 26: Current AAS Activity
Capability + Ambition + Growth Current AAS Activity Metro BNE/SYD/ADL/PER QLD Service Stream Current FTEs – 523 For personal use only • Teneriffe • Geebung Current Revenues AAS TCI • Brisbane 06/07 - $55M NSW 07/08 (Forecast) - $60M Service Stream • Silverwater • North Ryde • St Leonards GPG • Wethe
Slide 27: Post AAS Activity
Capability + Ambition + Growth Post AAS Activity Now known as AAS QLD AAS Regions Service Stream National 4 year Contract For personal use only • Teneriffe Queensland Forecast FTEs – 1,882 -Brisbane Nth • Geebung -Queensland Sth TCI 13 New Branches • Brisbane NSW Forecast Revenues AAS NSW -Sydney St
Slide 28: Operational Overview
Capability + Ambition + Growth Operational Overview TOW (Ticket of Work) Contact Centre Solutions Infrastructure Services For personal use only • AAS Contract • AAS Contract • Embedded Technology • Recoverable works •I&M •I&M Solutions • GPG • Telephony • Telephony • Wireless • Broadband • Broadband
Slide 29: Future Outlook
Capability + Ambition + Growth Future Outlook For personal use only • Focus on delivery of major contracts • Strong organic growth to continue • Continue to execute sensible acquisitions • Drive development of utility sector growth • Use our strong position to build healthy order book Annual General
Slide 30: For personal use only
For personal use only Annual General Meeting 25 October 2007
Slide 31: Important Notice - Disclaimer
Capability + Ambition + Growth Important Notice - Disclaimer For personal use only This presentation has been prepared by the management of Service Stream Limited (the ‘Company’) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or person. Neither