Ignite Limited · ASX:IGN
Ignite — Shareholder Meeting (November 2020)
9 slides from Ignite's shareholder meeting presentation, Nov 24, 2020
Slide 1: Ignite Limited Annual General Meeting
IGNITE LIMITED Annual General Meeting 24 November 2020
Slide 2: Agenda
Agenda 1 Overview 2 Strategy Update 3 FY20 Year in Review 4 FY21 Trading Update 5 Octavium General Meeting 6 Q&A Page 2
Slide 3: Overview
1 | Overview Operations Across Australia & New Zealand Business Divisions >$125 million Specialist Recruitment 1 Revenues ▪ Contingent labour ▪ Permanent recruitment Quality clients Diversified by size and On Demand IT Services sector (Government, 2 corporates and SME) ▪ Delivery of IT skills 5 3 Pe
Slide 4: Strategy Update
2 | Strategy Update Having so far survived COVID-19 by managing costs and maintaining stability, we have a renewed focus on: ▪ Retaining existing clients and growing our share of “customer wallet”. ▪ Acquisition of commercially viable new customers. Strategic Focus ▪ Identifying viable bolt-on acqui
Slide 5: FY20 Year in Review (1 of 2)
3 | FY20 Year in Review (1 of 2) Profit and Loss and Cashflow Metrics Balance Sheet Metrics For consolidated continuing operations: Group consolidated: ▪ Revenue decreased 13.7% to $125,958k (2019: $145,924k) ▪ Net assets decreased 67.1% to $2,916k from $8,872k ▪ Gross profit decreased 18.6% to $15,
Slide 6: FY20 Year in Review (2 of 2)
3 | FY20 Year in Review (2 of 2) On Demand Specialist Recruitment People Services IT Services ACT ▪ Very strong performance with FY20 profit (before corporate overheads) down 1.0% on ▪ New General Manager ▪ Profit (before corporate FY19. appointed August 2020. overheads) down 12.1% on the ▪ Momentum
Slide 7: FY21 Trading Update
4 | FY21 Trading Update ▪ ACT – exposure to predominantly Federal Government clients underpinning continuing strong performance. ▪ NSW – post COVID-19 now profitable and focus on rebuilding team. Specialist Recruitment ▪ VIC – post COVID-19 now profitable and focus on rebuilding team. ▪ QLD – integr
Slide 8: Octavium General Meeting
5 | Octavium General Meeting ▪ Various letters, statements and claims made to shareholders addressed by the Board letter attached to the Notice of Meeting dated 16 November 2020. ▪ The Board is concerned about the timing and expense of holding a second meeting of shareholders when the matters raised
Slide 9: Thank you. Questions?
Thank you. Questions? Page 9