Slide 1: 2018 Full Year Results Presentation
For personal use only Shine Corporate Ltd 2018 Full Year Results Results Presentation August 2018 Simon Morrison Ravin Raj MANAGING DIRECTOR CHIEF FINANCIAL OFFICER
Slide 2: Disclaimer
For personal use only Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Ltd and certain plans and objectives of the management of Shine Corporate Ltd. Such forward-looking statements
Slide 3: Agenda
1 For personal use only 2018 Highlights 2 Financial Review 3 2019 Areas of Focus 4 Outlook 5 Questions 2018 Full Year Results Presentation 3
Slide 4: Corporate Overview
Corporate Overview For personal use only • Shine Lawyers • Bradley Bayly Legal Personal Injury • Stephen Browne PI Lawyers • Sciaccas Lawyers • Shine Lawyers Emerging • Emanate Legal Services Practice Areas • Best Wilson Buckley Family Law • Risk Worldwide New Zealand 2018 Full Year Results Presenta
Slide 5: Justice for a Better Outcome
Justice for a Better Outcome For personal use only Global and National Media Greater Contamination Class Action 6000+ than 847 Emerging Areas • Silicosis Katherine, Townsville, Oakey, Darwin Client $600m Team • Contamination Matters • Abuse Law Damages Members Medical & Professional Negligence Settl
Slide 6: FY2018 Highlights
FY2018 Highlights For personal use only Group Strategy Financial • Financial results within Guidance • Continuous improvement focus across • Group revenue up 8.69% to $179.37m Group - inch wide, mile deep strategy • Delivered 2018 commitments on leadership • EBITDA¹ up 3.37% to $37.72m and operation
Slide 7: FY2018 Highlights – Subsidiaries
FY2018 Highlights – Subsidiaries For personal use only Subsidiary Operational Highlights Sciaccas Ongoing development in employment and industrial law. Emanate Legal Improving conditions in CSG and Mining sectors - Qld and NSW. Further activities in mining industry and infrastructure expected in 201
Slide 8: FY2018 Financial Results
For personal use only FY2018 Financial Results Ravin Raj CHIEF FINANCIAL OFFICER 2018 Full Year Results Presentation 8
Slide 9: FY18 Group Results
FY18 Group Results For personal use only $21.872m 2.25cps $179.371m $19.113m $37.72m GOCF Final Dividend Revenue NPAT EBITDA (partially franked) 57.9% of +8.69% -5.16% +3.37% EBITDA +12.5% Revenue NPAT EBITDA¹ GOCF¹ 120 130 140 150 160 170 180 0 5 10 15 20 30 32.5 35 37.5 15 16 17 18 19 20 21 22 201
Slide 10: 2018 Financial Results: Detailed Profit & Loss
2018 Financial Results: Detailed Profit & Loss For personal use only > Revenue in FY18 grew by $14.35m FY18 FY17 Variance Variance (8.69%) compared to FY17, ($m) ($m) ($m) (%) attributable to organic growth and the Mesh Class Action Revenue 179.37m 165.02m 14.35m ↑ 8.69% > Increase in overheads (fla
Slide 11: 2018 Financial Results: Financial Highlights
2018 Financial Results: Financial Highlights For personal use only FY18 FY17 Variance ($m) ($m) (%) EBITDA1 ($m) 37.72m 36.49m ↑3.37% > Strategy to increase Gross Operating Gross Operating Cash Flow2 21.87m 19.25m ↑13.61% Cash Flow as percentage of EBITDA ($m) (GOCF) > FY18 dividend payout reflects
Slide 12: FY18 Financial Results: Balance Sheet
FY18 Financial Results: Balance Sheet For personal use only AS AT ($’000) 30 June 18 30 June 17 Cash 22,549 14,188 > Cash on hand at 30 June 2018 was Receivables 12,222 15,458 $22.5m Work in progress 257,037 226,334 > Net WIP grew by 13.7% ($31m) to $257m, primarily from organic growth within Shine
Slide 13: FY18 Financial Results: Gross Operating Cash Flow
FY18 Financial Results: Gross Operating Cash Flow For personal use only Gross Operating Cash Flow (GOCF) GOCF -$m 24 21.9 22 20 19.2 18.8 18 16 14 15.4 13 12 14 10.5 15.2 10 8 9.7 6 10.1 4 6.5 5.2 2 3.3 3.5 2H 1H 0.4 0 FY 14 FY 15 FY 16 FY 17 FY 18 2018 Full Year Results Presentation 13
Slide 14: Debt
Debt For personal use only 60 2 55 57 3 50 52 45 40 35 AUD $m 30 25 20 15 10 5 0 30-Jun-17 Earnout EarnoutDef Consid Payments Net asset purchases via 30-Jun-18 leasing 2018 Full Year Results Presentation 14
Slide 15: 2019 Areas of Focus
For personal use only 2019 Areas of Focus 2018 Full Year Results Presentation 15
Slide 16: 2019 Areas of Focus
2019 Areas of Focus For personal use only Class Actions Revenue Innovation Brand Focus on Banking & Finance Sector Diversify PI / EPA Rollout Engine Room Improve national presence Grow Class Actions & Enhanced digital presence to Have an integrated legal Continue national media coverage Land contami
Slide 17: Outlook
For personal use only Outlook 2018 Full Year Results Presentation 17
Slide 18: 2019 Outlook & Priorities
2019 Outlook & Priorities For personal use only Drive innovation Leveraging Shine’s scale and capabilities for competitive advantage to win in the marketplace and fuel growth Capital discipline and Realise benefits in time and cost effectiveness, quality and compliance resource allocation EPA pipeli
Slide 19: Questions
For personal use only Questions 2018 Full Year Results Presentation 19
Slide 20: Appendices
For personal use only Appendices 2018 Full Year Results Presentation 20
Slide 21: PI Market Profile
PI Market Profile For personal use only Market Share Client Market Segmentation % of Firms / State TAS 2% ACT 1% SA 6% 7% 9% 23% WA 32% 13% 9% NSW Tasmania 31% QLD Australian Capital Territory 20% New South Wales 76% Victoria 45% VIC 26% Shine Corporate Ltd Over 55 Queensland Maurice Blackburn Weste
Slide 22: Community and Champions
Community and Champions For personal use only Consistent with our commitment to foster community, our philanthropic initiative, the Shine A Light Foundation, awarded a grant to our charity partner, mindDog Australia, assisting mental health sufferers to procure, train and certify an assistance dog.