Service Stream Limited · ASX:SSM
Service Stream — Shareholder Meeting (October 2019)
18 slides from Service Stream's shareholder meeting presentation, Oct 23, 2019
Slide 1: Managing Director's AGM Presentation
SERVICE STREAM LIMITED Managing Director’s AGM Presentation Leigh Mackender 23 October 2019
Slide 2: Company Profile
Company Profile Service Stream Limited (ASX:SSM) is a S&P/ASX200 company providing integrated end-to-end asset life-cycle services across essential infrastructure networks within the Telecommunications and Utilities sectors People FY19 FY19 FY19 FY19 Market Revenue EBITDA1 Adjusted EPS Dividends / s
Slide 3: FY19 Group Performance
FY19 GROUP PERFORMANCE
Slide 4: Group Performance Highlights
Group Performance Highlights 2H19 is the 12th consecutive half-year of growth across key profitability measures Better-than-expected EBITDA to OCFBIT conversion % delivered in 2H19 Financial Net Cash position retained despite outlay to acquire Comdain Infrastructure Increased final dividend
Slide 5: Key Financial Measures
Key Financial Measures Group Revenue Adjusted NPAT (NPATA) 57.7 $1,000 ($m) $60 ($m) 852.2 $50 $750 41.5 632.9 Key financial measures 501.8 $40 29.1 411.3 438.9 $500 $30 20.0 $ million FY19 FY18 Change $20 11.7 $250 $10 Profitability: $0 $0 Revenue 852.2 632.9 219.2 35% FY15 FY16 FY17 FY18 FY19 FY15
Slide 6: Segment Results
Segment Results Segment results Telecommunications Telecommunications $700 $80 EBITDA $m) 75.9 Revenue ($m) 587.8 $ million FY19 FY18 Change $600 535.2 $70 62.3 $500 $60 Telecommunications 587.8 535.2 52.6 412.4 46.6 $400 359.8 $50 Utilities 273.4 106.7 166.7 334.7 $40 36.2 $300 Eliminations, intere
Slide 7: FY19 Operational Performance
FY19 OPERATIONAL PERFORMANCE
Slide 8: Safety Performance
Safety Performance Maintaining our focus on the safety of our people, our customers and the community Business continues to deliver industry leading HSE performance as operations grow and expand Improvements delivered during FY19 across both TRIFR and MTIFR Targeted campaigns continue to be an
Slide 9: Telecommunications
TELECOMMUNICATIONS
Slide 10: Telecommunications
Telecommunications Telecommunication network engineering, design & construction, maintenance and operations Telecommunications $700 Revenue ($m ) 587.8 $600 535.2 Revenue up $52.6m or 10% on prior year, in line with expectation $500 412.4 $400 359.8 334.7 $300 Improvement in EBITDA margin to 12.
Slide 11: Utilities
UTILITIES 11
Slide 12: Utilities
Utilities Utility network engineering, design & construction, maintenance and operations Utilities $300 Revenue ($m ) 273.4 $250 Revenue up $166.7m or 156% on prior year primarily due to inclusion of $200 Comdain Infrastructure in 2H19. $150 106.7 94.6 $100 77.3 82.0 $50 Margin reduction from 9.
Slide 13: Group Strategy & Outlook
GROUP STRATEGY & OUTLOOK 13
Slide 14: Maintenance Market Outlook
14 Maintenance Market Outlook Continued growth in maintenance expenditure expected across telecommunication and utility infrastructure networks Telecommunication Maintenance by Asset Type ($B) 3.0 Fixed-line maintenance increasing as nbn network deployment expands 2.5 Increasing dependency on te
Slide 15: Group Strategic Pillars
17 Group Strategic Pillars We continue to focus on five fundamentals which drive operational effectiveness, continual improvement and support future growth SERVICE DELIVERY CLIENT OPTIMISE OUR OUR DELIVER RELATIONSHIPS DELIVERY MODEL PEOPLE GROWTH Continued focus on superior Continue to develop
Slide 16: FY20 Outlook
FY20 Outlook The Group expects continued revenue and profit growth in FY20, subject to a continuation of prevailing market conditions. FY20 will be characterised by a full-year contribution from Comdain Infrastructure, partly offset by reduced earnings from cessation of nbn D&C operations. Gro
Slide 17: Questions
17 QUESTIONS 17
Slide 18: Service Stream Limited
Service Stream Limited ABN: 46 072 369 870 Level 4, 357 Collins Street Melbourne, Victoria 3000 WWW.SERVICESTREAM.COM.AU