Pulsar Group Plc · LSE:PULS
Pulsar — Access Intelligence — FY2009 Earnings Presentation
14 slides from Pulsar's earnings presentation, March 2010
Slide 1: Presentation March 2010
Presenta(on March 2010 Access Intelligence is an AIM listed company. 1
Slide 2: Group Structure
Group Structure Access Intelligence Group e‐Procurement FSA Training & Media & Comms FDA & HSE Training (Due North) Competence (AI Media & Comms) (Cobent Ltd) (MS2M) Hardware & So=ware Maintenance (Willow Starcom) 2
Slide 3: Access Intelligence - Highlights
Access Intelligence ‐ Highlights Financial Highlights • Turnover from con(nuing ac(vi(es up 51.6% to £6,014,913 (2008: £3,967,000) • EBITDA increased to £711,000 (2008: Loss 758,000) • Earnings per share of 0.38p (2008: Loss 5.27)p • Posi(ve cash balance of £1,714,243 (2008: £763,000) OperaEonal Hig
Slide 4: Preliminary Results for the financial year ended 30th November 2009
Preliminary Results for the financial year ended 30th November 2009 Profit & Loss Full Year to Full Year to 30.11.2008 Improvement £’000 30. 11.2009 (restated ‐ (%) (audited) audited) Total Group Sales 6,015 3,967 52 Cost of Sales (2,665) (2,146) Gross Profit 3,350 1,821 80 (%) 56 46 OperaEng Costs 2,6
Slide 5: Preliminary Results: Balance Sheet
Preliminary Results for the financial year ended 30th November 2009 Balance Sheet £’000 30.11.09 30.11.08 (audited) (restated‐ audited) Fixed Assets 5,670 3,329 Current Assets 1,746 1,758 Cash 1,714 763 Deferred Income (1,939) (1,327) Other Current Liabili(es (1,170) (1,111) Non‐current Liabili(es* (
Slide 6: Product Portfolio – e procurement
Product Por_olio – e procurement • SaaS procurement & contract management solu(ons. • Heavily compliance focussed following the recommenda(ons of the Glover Report. • Over 130 customers including Bank of England, Met Police, Ladbrokes, and many large Local Government Authori(es. • Recurring revenue
Slide 7: Product Portfolio – FSA training & compliance
Product Por_olio – FSA training & compliance • SaaS Training and Compliance solu(ons for the financial services sector. • To be integrated with Cobent Ltd, the latest acquisi(on. • Key market driver is the FSA’s Retail DistribuEon Review (RDR). • Key customers include RBS, Aviva & Bank of Australia.
Slide 8: Product Portfolio – Media & communications
Product Por_olio – Media & communicaEons • A new division created from the merger of 2 recent acquisi(ons, Solcara & Ether‐Ray. • SaaS solu(ons for media rela(ons & public sector newsflow management ‐ a market leader in the UK for media rela(ons management soRware. • Compliance driven following recom
Slide 9: Product Portfolio – Hardware & software maintenance
Product Por_olio – Hardware & so=ware maintenance • Record year in an extremely compe((ve market. • Now highly profitable following focus on higher margin business. • Recurring revenue represents 85% of total costs. 9
Slide 10: Latest Acquisition – Cobent Ltd
Latest AcquisiEon – Cobent Ltd • £5.2 million acquisi(on of Cobent Ltd. • Offers “best of breed” hosted training and compliance solu(ons. Opera(ng in a number of key ver(cals including FDA, FSA and HSE regulated industries. • Unaudited turnover for the year ending 31st December 2009 was £1.5million (
Slide 11: Investment Rationale
Investment RaEonale COBENT LEARNING COMPLIANCE SUITE Health & Safety/ Fire FDA Compliance Green Compliance Oil & Gas FSA Compliance 11
Slide 12: Future Strategy
Future Strategy • Encourage organic growth across all sectors with an increased focus on compliance. • Use the acquisi(on of Cobent Ltd to pursue niche compliance‐based acquisi(ons opera(ng in the Green, Health & Safety, Oil & Gas and Financial Services sectors • Future acquisi(ons to be based on Sa
Slide 13: Conclusion
Conclusion • Strong cash flow genera(on • Acquisi(on strategy working • 3 core divisions heavily based around compliance e‐Procurement Compliance training into regulated industries (including Cobent Ltd) Media & communica(ons 13
Slide 14: Contact
Contact ExecuEve Chairman Michael Jackson Finance Director Jeremy Hamer Corporate Development Joanna Arnold Access Intelligence plc 32 Bedford Row London WC1R 4HE Telephone 020 7400 0485 14