Computershare Limited · ASX:CPU
Computershare — H1 2001 Earnings Presentation
17 slides from Computershare's earnings presentation, December 2000
Slide 1: December 2000 Half Year Results
DECEMBER 2000 HALF YEAR RESULTS March 2000
Slide 2: Profit
PROFIT D Sales Revenue up 94 % to A$338.9m D EBITDA up 109% to A$71.9m (before one off adjustments) D Operating Profit before tax up 56% to A$32.9 m D NPAT up 76% to A$18.3m D Etrade writedown A$13.25m (pre-tax)
Slide 3: Consolidated Last Two Year Comparisons
CONSOLIDATED LAST TWO YEAR COMPARISONS 400 350 300 250 Revenue 200 EBITDA 150 100 50 0 Jun-99 Dec-99 Jun-00 Dec-00 NB : EBITDA numbers are before one off adjustments
Slide 4: Registry Operations
REGISTRY OPERATIONS Total Shareholder Accounts As at 31 Dec As at 30 Jun 2000 2000 Australia 12.4m 10.85m United Kingdom 20.0m 17.85m USA 5.5m 4.0m Canada 6.25m 6.0m Ireland 1.56m 1.05m South Africa 3.14m 3.06m New Zealand 2.22m 2.37m Hong Kong 1.18m 0.45m CTS Bureau 9.63m 8.0m TOTAL 61.88m 53.63m
Slide 5: Australia
GLOBAL INVESTOR SERVICES Australia D Recent efforts directed towards centralising back office functions A$M 60 50 40 Revenue 30 EBITDA 20 10 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 6: Ireland
GLOBAL INVESTOR SERVICES Ireland D Performance delayed by Bank of Ireland data migration and postponement of Aer Lingus IPO 7 A$M 6 5 4 Revenue EBITDA 3 2 1 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 7: New Zealand
GLOBAL INVESTOR SERVICES New Zealand D Consistent performance over last two years A$M 7 6 5 4 Revenue 3 EBITDA 2 1 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 8: South Africa
GLOBAL INVESTOR SERVICES South Africa D Maintained transfer revenues, benefits to be generated from alliance with Union Alliance Holdings Ltd A$M 16 14 12 10 Revenue 8 EBITDA 6 4 2 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 9: United Kingdom
GLOBAL INVESTOR SERVICES United Kingdom D Strong operating results, Corporate actions and Sharesave A$M 120 100 80 Revenue 60 EBITDA 40 20 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 10: Hong Kong
GLOBAL INVESTOR SERVICES Hong Kong D Strong revenues, MTRC privatisation and equity market growth A$M 16 14 12 10 Revenue 8 EBITDA 6 4 2 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 11: Canada
GLOBAL INVESTOR SERVICES Canada D Present transition process and integration of operations A$M 70 60 50 40 Revenue EBITDA 30 20 10 0 Dec-00
Slide 12: United States
GLOBAL INVESTOR SERVICES United States D Operations in transition process with infrastructure being set up and integration of businesses to standard A$M 70 60 50 40 Revenue 30 EBITDA 20 10 0 Dec-00 -10
Slide 13: Computershare Technology Services
COMPUTERSHARE TECHNOLOGY SERVICES D Australia experience strong revenues and UK is profitable 45 40 35 30 25 Revenue 20 EBITDA 15 10 5 0 Jun-00 Dec-00 NB: Computershare Technology Services restructured 01 Jan 2000 to include registry and financial markets systems development and registry bureau.
Slide 14: Computershare Document Services
COMPUTERSHARE DOCUMENT SERVICES D Strong sales from Bristol, Melbourne and Sydney 35 30 25 20 Revenue EBITDA 15 10 5 0 Jun-99 Dec-99 Jun-00 Dec-00
Slide 15: Major Activities Last Six Months
MAJOR ACTIVITIES LAST SIX MONTHS D Agreement with Pacific Exchange - ASTS trading system D Strategic partner in South Africa : Union Alliance Holdings D Acquisition Employee Stock Purchase Plan from Merrill Lynch D Acquisition City Watch : ownership data for UK equities D Move to 100% interest Ci Gr
Slide 16: Balance Sheet
BALANCE SHEET D Strong cash position of A$52m D Total Assets A$798m D Unamortised goodwill balance A$393m D Gearing on a net debt basis - 32.4% D Shareholders Equity A$418m (1999 - A$360m)
Slide 17: Recent Developments
RECENT DEVELOPMENTS D Move to 100% of Central Registration Hong Kong D Disposal of Summit business