Shine Justice Ltd. · ASX:SHJ
Shine Justice — Shareholder Meeting (October 2023)
14 slides from Shine Justice's shareholder meeting presentation, Oct 26, 2023
Slide 1: Chairman's Address and Managing Director & CEO's Presentation
26 October 2023 ASX Announcement Shine Justice Ltd (SHJ) Chairman’s Address and Managing Director & CEO’s Presentation For personal use only In accordance with ASX Listing Rule 3.13.3, Shine Justice Ltd provides the following which will be presented at its Annual General Meeting commencing at 12pm (
Slide 2: Chairman's Address: Financial performance
CHAIRMAN’S ADDRESS SHINE JUSTICE LTD ANNUAL GENERAL MEETING 26 OCTOBER 2023 Before Simon presents his summary of the Company’s performance over the past year and outlook for the year ahead, I would like to make a few observations. Financial performance We had disappointing financial results in FY23.
Slide 3: Chairman's Address: Interest judgment, dividend and milestones
These class actions were conducted on a ‘no win no fee’ basis, meaning that we would not recover professional fees or disbursements paid to third parties (including medical experts and barristers) unless the actions were successfully resolved. From the commencement of the Ethicon Mesh Class Actions
Slide 4: Other significant class action settlements in FY23
In addition to settling the Ethicon Mesh Class Actions, we achieved several other significant class action settlements during FY23, including: • $105 million in a further action against pelvic mesh manufacturer Boston Scientific; • $50 million in an historic action against the Commonwealth of Austra
Slide 5: FY24 Outlook and Conclusion
FY24 Outlook Despite disappointing financial results in FY23, Shine’s underlying business, including our leading personal injury and class actions practices, remains strong, with a committed and talented team and we believe the right strategy to deliver improved results in the year ahead. Our pipeli
Slide 6: October 2023
For personal use only 26 October 2023 2023 Annual General Meeting | 1
Slide 7: Shine Justice – Important Notice
Shine Justice – Important Notice This presentation contains certain forward-looking statements with respect to For personal use only the financial condition, results of operations and business of Shine Justice Ltd and certain plans and objectives of the management of Shine Justice Ltd. Such forward-
Slide 8: Purpose driven, resilient and determined to seek justice for our clients
PURPOSE DRIVEN, RESILIENT AND DETERMINED TO SEEK JUSTICE FOR OUR CLIENTS For personal use only NPA1 Personal Injury Shine Lawyers Motor vehicle, workplace, Class actions public liability, abuse Superannuation and disability • Shine Lawyers* Head trauma • Sciaccas (QLD) Catastrophic injuries • Stephe
Slide 9: Key Financial Metrics
Revenue NPAT For personal use only $231.64m $3.31m +7.67% -89.39% Key Financial Adjusted EBITDA 1 GOCF1 Metrics $61.61m -2.35% -$3.91m -110.69% Total Dividend (unfranked) EPS (basic) 1.5c 1.92c -75% -89.34% 1 EBITDA and GOCF are not IFRS calculations which appear in the financial statements and have
Slide 10: Overview: Learnings, Achievements, Intentions
Overview For personal use only Learnings Achievements Intentions - Post covid fatigue still present - QLD PI business continues to be a premium - FY24 will show significant - Delayed settlements / approvals performer improvement in cashflow affected cashflows significantly - Settled 6 class actions
Slide 11: Diversity in Class Action Portfolio
Diversity in Class Action Portfolio Current Class Actions Filed FY23 Class Actions Under For personal use only Class Actions Investigation 12% 8% 7% 12% 8% 33% 33% 36% 21% 12% 27% 7% 23% 33% 29% Employment Product Liability2 Indigenous Interest Financial Services1 Securities Travel Other3 40 Class A
Slide 12: Ten-Year Company Performance
Ten-Year Company Performance # of Offices & Staff # Clients & Fee Earner FTEs 60 1,200 14,000 700 For personal use only 50 1,000 12,000 600 Fee Earner FTEs 10,000 500 # of Offices # of Clients 40 800 Total Staff 8,000 400 30 600 6,000 300 20 400 4,000 200 10 200 2,000 100 - - - - FY14 FY15 FY16 FY17
Slide 13: GOCF Outlook
GOCF Outlook For personal use only • Strategies to improve FY24 cash flow • H1 cash to be boosted by Class Actions settlements Class Action Receipts • Multi-site Contamination Class Action $132 million settlement approved by Federal Court on 25 August 2023 Cost BAU Reduction Operations Saving 2023 A
Slide 14: Reset Cost Base for Growth and Efficiency
Reset Cost Base for Growth and Efficiency For personal use only Footprint • Refocus on PI and CA market share Initiatives underpin future EBITDA • Reset total cost structure • Commenced broad review of business and programs • Improved marketing strategies • Simplify business structure and operations