Slide 1: BSA Limited Half Year Results FY 12-13
For personal use only A FY 12-13 BSA LIMITED HALF YEAR RESULTS
Slide 2: Agenda
AGENDA For personal use only 10-20 Bond Street: Chillers with variable BSA RESULTS OVERVIEW speed drives FINANCIAL REVIEW BUSINESS UNIT REVIEW SUMMARY 2
Slide 3: BSA Results Overview
BSA RESULTS OVERVIEW For personal use only Fiona Stanley Hospital: Highlights Central Energy Services Plant Room Revenue $234m (pcp $264m) EBITDA $7.2m (pcp $11.0m) Net debt of $20.3m (pcp net cash of $6.7m) NPAT $1.8m (pcp $6.0m) Award of Foxtel Regional Contract ~$50m per annum and two year contra
Slide 4: BSA Results Business Unit Alignment with Strategy
BSA RESULTS For personal use only BUSINESS UNIT ALIGNMENT WITH 19% 54% STRATEGY Technical Design and Construction Projects Revenues 27% Technical Maintenance Services 1H FY2013 Technical Field Force Solutions TECHNICAL DESIGN AND TECHNICAL TECHNICAL FIELD FORCE CONSTRUCTION PROJECTS MAINTENANCE SERV
Slide 5: Platform for Growth
PLATFORM FOR GROWTH For personal use only CONSISTENT EXECUTION CORE STRENGTHS BUSINESS MODEL Disciplined tendering Contract Based and contract management New build and upgrade installation Excellent project Ongoing facilities services and maintenance and field force management Recurring ticket of wo
Slide 6: Clear Strategic Principles
CLEAR STRATEGIC PRINCIPLES For personal use only LEADERSHIP SUSTAINABILITY GROWTH Each business unit has a scalable Low gearing, Quality organic prospects in each platform for growth maintainable payout ratio business unit Enterprise Resource Planning Focus on containment of Disciplined approach ove
Slide 7: Agenda
AGENDA For personal use only Fiona Stanley Hospital: Triple M delivered the BSA RESULTS OVERVIEW mechanical services FINANCIAL REVIEW BUSINESS UNIT REVIEW SUMMARY 7
Slide 8: Half Year Results: Sound First Half Performance
HALF YEAR RESULTS For personal use only SOUND FIRST HALF PERFORMANCE Sound financial performance Revenue $234million (pcp $264m) EBITDA $7.2 million (pcp $11m) NPAT $1.8 million (pcp $6.0m) Effective tax rate 26% (pcp 11%) Earnings per share of 0.8 cents Interim Dividend 0.5c per share fully franked
Slide 9: Income: Results Skewed to Second Half
INCOME For personal use only RESULTS SKEWED TO SECOND HALF ($000) Half Year Half Year Movement SUMMARY 2012/13 2011/12 Actual Revenue $ 234,485 264,248 (29,763) EBITDA $ 7,238 11,052 (3,814) EBITDA % 3.1% 4.2% (26%) PBT $ 2,477 7,141 4,664 Income Tax Expense $ -639 -797 158 NPAT $ 1,838 5,955 (4,117
Slide 10: Cashflow Reflects Unwind in WIP Position
CASHFLOW For personal use only CASHFLOW REFLECTS UNWIND IN WIP POSITION ($000) Half Year Half Year SUMMARY 2012/13 2011/12 Revenue 234,485 264,248 Cash flows from operations (20,841) 12,026 Cash flows from investing (2,983) (9,839) Cash flows from financing 5,776 (11,965) Net (Debt) / Cash at end of
Slide 11: Cashflow: Impact of Change in Working Capital
CASHFLOW For personal use only IMPACT OF CHANGE IN WORKING CAPITAL 11
Slide 12: Conservatively Geared: New Bank Facilities
CONSERVATIVELY GEARED For personal use only NEW BANK FACILITIES ($000) Half Year Half Year SUMMARY 2012/13 2011/12 Working Capital 19,612 (1,386) Net Cash/(Debt ) (20,352) 6,739 Equity 74,224 76,930 Net Debt: Net Debt + Equity 21.5% Net Cash Interest expense 839 768 Interest cover (EBITDA) 8.6x 14.3
Slide 13: Agenda
AGENDA For personal use only Foxtel: Commercial Satellite BSA RESULTS AND OVERVIEW dish installation FINANCIAL REVIEW BUSINESS UNIT REVIEW SUMMARY 13
Slide 14: Technical Design and Construction Projects
TECHNICAL DESIGN AND City Square (also known as Brookfield Place): CONSTRUCTION PROJECTS Plant Room For personal use only
Slide 15: Technical Design & Construction Projects Overview
TECHNICAL DESIGN & CONSTRUCTION PROJECTS For personal use only OVERVIEW Revenue $128 million (pcp 161m) EBITDA (excluding Corporate allocations) $3.1 million (pcp $7.4m) $213 million order book with $93m of contracts secured since December 2012 Recent contract wins include: New Royal Adelaide Hospit
Slide 16: New Royal Adelaide Hospital
NEW ROYAL ADELAIDE HOSPITAL For personal use only $93 million contract with the Hansen Yuncken Leighton Contractors Joint Venture (HYLC JV) for the installation of HVAC Services for the New Royal Adelaide Hospital Project The 800 bed New Royal Adelaide Hospital will be Australia’s most advanced hosp
Slide 17: Technical Field Force Solutions
TECHNICAL FIELD FORCE SOLUTIONS Foxtel satellite dish installation For personal use only
Slide 18: Technical Field Force Solutions Overview
TECHNICAL FIELD FORCE SOLUTIONS For personal use only OVERVIEW Revenue of $63 million (pcp $74m) EBITDA of $3.3 million (excluding Corporate Allocations) (pcp $4.3m) Partnership with Foxtel extended for an additional 2 years to 2017 with inclusion of Regional Australia (formerly Austar activity) Con
Slide 19: Foxtel
Foxtel For personal use only New contract executed in December 2012 Extends BSA’s existing metropolitan services to 2017, being an additional 2 years Includes 100% of field activities in regional Australia The opportunity for BSA to be awarded this work in regional Australia has presented itself fro
Slide 20: Technical Maintenance Services
TECHNICAL MAINTENANCE SERVICES Chiller Control Panel interrogation For personal use only
Slide 21: Technical Maintenance Services Overview
TECHNICAL MAINTENANCE SERVICES For personal use only OVERVIEW TMS business unit formed from the maintenance units of Triple “M”, Allstaff and BurkeAir to focus on the provision of HVAC and Fire maintenance services Revenue increase to $44million (pcp $30m) EBITDA of $2.6million (excluding Corporate
Slide 22: Business Focus
BUSINESS FOCUS For personal use only The Technical Maintenance Service (TMS) operations has been consolidating its operations to obtain synergies through systems, customers and technologies TMS completed the following initiatives during the first half; Integrated ERP systems across all divisions, De
Slide 23: Agenda
AGENDA For personal use only BSA RESULTS OVERVIEW FINANCIAL REVIEW BUSINESS UNIT REVIEW SUMMARY 23
Slide 24: Summary
SUMMARY For personal use only Strong second half forecast with full year revenue of circa $500 million and earnings in line with FY2012 Achievement of leadership position in HSSEQ and risk management Interim Dividend 0.5c fully franked dividend Bank facilities increased and extended to support growt
Slide 25: Important Notice
IMPORTANT NOTICE For personal use only This presentation has been prepared by BSA Limited (the “Company”) and provides general background information about the Company’s activities. That information is current at the date of this presentation. The information is a summary and does not purport to be