Slide 1: FY23 Results Presentation
AVADA Group Limited FY23 Results Presentation 30 August 2023
Slide 2: Important notice and disclaimer
Important notice and disclaimer This document dated 30 August 2023 has been prepared by AVADA Group Limited (ACN 648 988 783) Past performance is not indicative of future performance and no guarantee of future returns is implied or (the Company) and is provided for information purposes only. It cont
Slide 3: FY23 Highlights
FY23 Highlights Underlying FY23 Underlying FY23 7% revenue growth EBITDA Revenue from existing $16.1m $183.2m business • Ongoing profitability initiatives implemented Centralisation of in first-half business functions Significant Gross margin • Strong second-half improvement creating operational inv
Slide 4: Business overview
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Slide 5: Operating metrics
Operating VEHICLES TRAFFIC CONTROLLERS DEPOTS metrics QLD 538 1,216 19 Strong foundations for sustained value creation through geographic reach NSW 203 486 7 and scale VIC 145 318 1 NZ 71 118 3 TOTAL 957 2,138 30 Excludes STA Traffic Management, AVADA Group Limited – FY23 Results 5 Data as at 30 Jun
Slide 6: Building momentum
Building momentum Delivering operational efficiencies and strategic acquisitions across multiple geographies ACQUISITION SYNERGIES FY23 acquisitions added: • 4 depots 19 DEPOTS • > 430 traffic controllers • > 210 vehicles Building scale in Victoria with binding agreement to acquire 7 DEPOTS STA Traf
Slide 7: Financial overview
02 Financial overview
Slide 8: Income statement
Income FY21 FY22 FY23 statement #039;000s Underlying Underlying Underlying Revenue - existing operations 116,959 139,154 148,523 Revenue from FY23 acquisitions - - 34,748 Revenue (incl. other income) 116,959 139,154 183,271 Gross profit 24,747 31,766 38,436 Gross margin 21.2% 22.8% 21.0% Underlying res
Slide 9: Balance sheet
Balance sheet #039;000s Jun-22 Jun-23 • Improved trading and debtor management has resulted in strong cash generation during Current assets H2FY23 Cash and cash equivalents 2,751 10,834 Improved profitability and Trade debtors and other current assets 20,112 27,986 • Increase in trade debtors primarily
Slide 10: Trading update and outlook
03 Trading update and outlook
Slide 11: Trading update and outlook
Trading update and outlook Trading conditions in early FY24 remain stable with the second half of FY23 Based on the current trading outlook, and Strong organic revenue growth with gross margins remaining stable assuming a continuation of long-term average weather conditions and prevailing industry A
Slide 12: Appendices
A Appendices
Slide 13: Underlying earnings reconciliation
Underlying earnings reconciliation Underlying adjustments Non-reoccuring/ Construct Construct deal Non-operating Contingent Impairment of FY23 #039;000s FY23 Statutory Pre acq. Trading costs items Consideration Intangibles Underlying (a) (b) (c) (d) (e) (f) (g) Traffic Management Revenue 177,002 5,974
Slide 14: Underlying earnings reconciliation
Underlying earnings reconciliation (a) Audited financial information for AVADA Group Limited for the twelve months ended 30 June 2023 (b) Adjustment to reflect the financial results of Construct Traffic as if it were acquired on 1 July 2022 (c) Adjustments reflect non-recurring transaction expenses
Slide 15: Contact Us
Contact Us AVADA Group Limited ABN 57 648 988 783 Suite 1, Level 2, 116 Ipswich Road Woolloongabba QLD 4102 T 1300 321 995 E contact@avadagroup.com.au avadagroup.com.au