Smart Parking Limited · ASX:SPZ
Smart Parking — Shareholder Meeting (November 2022)
14 slides from Smart Parking's shareholder meeting presentation, Nov 18, 2022
Slide 1: Smart Parking Limited AGM Presentation
For personal use only Smart Parking Limited (ASX:SPZ) AGM Presentation 18 November 2022 CEO Paul Gillespie smartparking.com
Slide 2: Smart Parking Ltd (ASX:SPZ)
Smart Parking Ltd (ASX:SPZ) A global company focused on delivering industry leading technology, For personal use only profitable and cashflow positive with a strong balance sheet Revenue ($000s) 11,314 Parking management services 9,767 Provision of parking management solutions, predominantly servici
Slide 3: Existing market footprints
Existing market footprints | Currently operating in four territories around the world For personal use only Parking Regulations Apply PRIVATE LAND Licence Plate Recognition in Use PRIVATE LAND Licence Plate Recognition in Use PRIVAT PARKPLATZ Customer Parking Only Customer Parking Only XX–XX 123 Pur
Slide 4: Recovery and growth track record
Recovery and growth track record Disciplined execution of growth strategy delivering results For personal use only Revenue ($000s) Adjusted EBITDA ($000s) Free Cash Flow ($000s) 11,314 2,689 8,094 2,643 2,449 8,094 9,767 8,940 8,127 7,592 1,574 5,780 991 5,508 849 562 3,828 (768) 1,118 Q1 Q2 Q3 Q4 Q
Slide 5: FY22 Highlights
FY22 Highlights For personal use only 839 Revenue of Adjusted EBITDA Total $38.1m up $8.8m up 68% 296% sites up 36% *As at 30 June 2022 compared to 30 June 2021 *Compared to PCP *Compared to PCP Cash of 1,500 Free cash flow of $8.1m up $ 10.8m 624% *At 30 June 2022 (excludes customers’ cash) *Compar
Slide 6: Growth strategy – multiple drivers
Growth strategy – multiple drivers | Three key pillars for growth For personal use only Organic existing markets Growth in new territories M&A Good pipeline Growth in sites = of opportunities growth in PBNs = revenue & profitability High incremental margin Investigating and evaluating Disciplined se
Slide 7: On track for 1,500 ANPR sites by June 2025
On track for 1,500 ANPR sites by June 2025 | Site growth in FY22 at 36% UK ANPR roll out continues For personal use only • 303 new sites in FY22. 925 • Completed acquisition of NE Parking (UK) with 517 839 manually operated sites. % Opportunity to convert suitable 31 GR sites to ANPR ongoing. CA 619
Slide 8: Exploring & evaluating new territories
Exploring & evaluating new For personal use only territories • Investigating and evaluating new market territories • Low cost expansion strategy • Focused on territories with appropriate regulatory environment. • SPZ can leverage IP and differentiate itself with market leading technology. 2022 AGM P
Slide 9: M&A track record
M&A track record Ongoing The Company is pursuing | Disciplined acquisition track record - complements strong organic growth earnings accretive M&A For personal use only opportunities and utilising operating leverage to accelerate growth. July January 2021 Successfully launched Successfully launched
Slide 10: Strong growth underway
Strong growth underway | Oct YTD FY23, PBNs up 24% on PCP For personal use only Group Parking Breach Notices Issued 235,701 FY20 Average Quarterly PBNs 76,384 FY21 Average Quarterly PBNs 74,837 FY22 Average Quarterly PBNs 135,625 29,247 Oct YTD PBNs (down 2% on FY20) (up 81% on FY21) up 24% on PCP 2
Slide 11: Positive free cash flow
Positive free cash flow • Cash on hand of $10.2m as at 31 October 2022. | To self fund growth investments • Positive free cash flow of $2.3m, For personal use only includes $0.5m investment in new German operations. Cash Flow Waterfall ($m) • Minimal maintenance CAPEX required - capital light busine
Slide 12: FY23 priorities – execution under way
FY23 priorities – execution under way For personal use only 4 Continue to make strong progress towards growth target of 1,500 global sites under management by June 2025. 4 Execution of organic UK growth strategy - we are very early in the long term growth runway. 4 Continue successful and profitable
Slide 13: Smart Parking Investment Case
Smart Parking Investment Case For personal use only Market leading technology Proprietary technology solutions providing site owners with higher returns, compliance and safety. Proven model Highly profitable global business - 925 sites under management as of 31 October 2022. Multiple growth drivers
Slide 14: Thank you.
For personal use only Thank you. Paul Gillespie | Group CEO | paul.gillespie@smartparking.com Richard Ludbrook | Group CFO | richard.ludbrook@smartparking.com smartparking.com