Peoplein Limited · ASX:PPE
Peoplein — People Infrastructure — H1 FY2019 Earnings Presentation
23 slides from Peoplein's earnings presentation, Feb 15, 2019
Slide 1: People Infrastructure Ltd FY19 H1 Results
For personal use only PEOPLE INFRASTRUCTURE LTD FY19 H1 RESULTS February 2019|
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by People Infrastructure Limited (Company) together with its related bodies corporate (People Infrastructure). The material contained in this presentation is intended to be general background information on People Infrastructure an
Slide 3: Table of Contents
For personal use only TABLE OF CONTENTS Section 1: Summary 3 Section 2: Business Overview 6 Section 3: H1 FY19 Results 15 Appendices 21 3
Slide 4: People Infrastructure continues to successfully grow its workforce management operations
PEOPLE INFRASTRUCTURE CONTINUES TO SUCCESSFULLY GROW ITS WORKFORCE MANAGEMENT OPERATIONS… For personal use only • Strong financial performance across the business, significantly higher than FY18H1 o Revenue of $133m, which is 24.7% higher than FY18H1 1 o EBITDA of $8.4m, which is 35.6% higher than F
Slide 5: Consistently growing shareholder returns
CONSISTENTLY GROWING SHAREHOLDER RETURNS For personal use only REVENUE GROWTH 2015 – 2019 EBITDA GROWTH 2015 – 2019 NPATA GROWTH 2015 – 2019 5 Notes: Revenue, EBITDA and NPATA normalized per criteria provided for in prospectus for FY15 – FY17 and as outlined in appendix for FY19
Slide 6: Section 2: Business Overview
SECTION 2: BUSINESS OVERVIEW For personal use only
Slide 7: Diversified workforce management company
DIVERSIFIED WORKFORCE MANAGEMENT COMPANY For personal use only • Diversified across Australia and New Zealand • Diversified by industry Profit by Industry FY19H1 Notes: Profit by industry pro forma to include full half year impact of Network Nursing Agency GP (pre shared services) 7
Slide 8: Strong earnings underpinned by organic growth and successful acquisitions
STRONG EARNINGS UNDERPINNED BY ORGANIC GROWTH AND SUCCESSFUL ACQUISITIONS For personal use only • Growth underpinned by a combination of organic growth and growth through acquisitions • Organic growth in H1 was 15% on previous corresponding period o Combination of new clients and $6.1m NPATA increas
Slide 9: Strong growth in healthcare
STRONG GROWTH IN HEALTHCARE For personal use only People Infrastructure Nearly 50% of People Shortage of is the second largest Infrastructure earnings employees driving provider of workforce is generated by short and management and healthcare clients. mid term demand agency services to for agency an
Slide 10: Healthcare Snapshot
HEALTHCARE SNAPSHOT For personal use only 10
Slide 11: Labour hire update
LABOUR HIRE UPDATE For personal use only • Another successful half for the People Infrastructure labour hire business o Positive momentum across a number of sectors including civil construction, mining, food processing and landscaping • Continued focus on small and medium size businesses driving ind
Slide 12: Specialist services: leveraging workforce management capabilities
SPECIALIST SERVICES: LEVERAGING PEOPLE INFRASTRUCTURE CAPABILITIES IN WORKFORCE MANAGEMENT TO GROW OTHER NICHE BUSINESSES For personal use only Contract Planting Outsourced HR and Facilities Maintenance Payroll Operates under the Tribe Workforce is an Operates under the Timberwolf brand outsourced m
Slide 13: Information technology update
INFORMATION TECHNOLOGY UPDATE For personal use only People Infrastructure is Growing the business into EBITDA contribution from experiencing strong consulting and specialist IT was approximately growth in the information product services provides $700,000. Difficulty in technology sector the opportu
Slide 14: Incapacity ratio has decreased throughout the year
INCAPACITY RATIO HAS DECREASED THROUGHOUT THE YEAR For personal use only INCAPCITY RATIO Employee classified as incapacitated by doctor or medical practitioner 14
Slide 15: Section 3: H1 Results
SECTION 3: H1 FY18 RESULTS For personal use only
Slide 16: Pro forma income statement
PRO FORMA INCOME STATEMENT For personal use only STRONG REVENUE GROWTH IN FY19 H1 Pro Form a Actual Pro Form a Actual Gro wth $'000 1H FY18 1H FY19 • Growing demand from existing clients Revenue 106,674 134,050 25.7% particularly in high growth sectors Pro form a EBITDA 6,183 8,386 35.6% o Healthcar
Slide 17: December 2018 balance sheet
31 DECEMBER 2018 BALANCE SHEET For personal use only $'000 31-Dec-18 STRONG CASHFLOW RESULTING IN LOW NET Cash and cash equivalents 5,321 DEBT POSITION • Net Debt of $13m with total available Trade and other receivables 28,805 Investments 2,776 debt facilities $28 million Plant and equipment 2,621 •
Slide 18: H1 2019 cash flow
H1 2019 CASH FLOW For personal use only $'000 Statutory FY 2019H1 STRONG OPERATING CASH FLOW • Reflects management’s tight control of Receipts from customers 147,911 working capital Payments to suppliers and employees -141,301 • The business generated $4.1m in operating Interest received 4 cash flow
Slide 19: 2019 Outlook
2019 OUTLOOK For personal use only Strong organic growth throughout the business continues to underpin a record set of results for 2019 Organic Growth • Positive industry tailwinds driving growth especially in healthcare and IT • Cross-selling benefits across the organisation • Further back office s
Slide 20: Community support
COMMUNITY SUPPORT For personal use only An active participant in our community We pride ourselves on sponsoring charities and supporting local communities and have done so for many years. People Infrastructure sponsors numerous events such as the Great Endeavour Rally and numerous company awards, in
Slide 21: Appendices
For personal use only APPENDICES
Slide 22: Statutory reconciliation to trading results
STATUTORY RECONCILIATION TO TRADING RESULTS For personal use only 31-Dec-18 31-Dec-17 • Major adjustments relate to the fair value movement in equity accounted investments Statutory NPAT 5,875,780 1,982,378 and non-controlling interests. Proforma adjustments: Net fi na nce cos ts a djus tment 0 432,
Slide 23: Sustainable competitive advantages
SUSTAINABLE COMPETITIVE ADVANTAGES For personal use only People Infrastructure has established itself as a leader in the workforce management markets INDUSTRY • Significant investment in creating an industry leading technology platform LEADING • Proprietary end-to-end workforce management system; di
People Infrastructure — H1 FY2019 Earnings Presentation on 6ix