Pbt Holdings Limited · JSE:PBT
Pbt — H1 2020 Earnings Presentation
18 slides from Pbt's earnings presentation, May 2020
Slide 1: The Data Specialist Company
Transforming information to create insights and predictions. Investor presentation for the unaudited six-month period ending 30 September 2019 THE DATA SPECIALIST COMPANY DATA ENGINEERING | ANALYTICS & VISUALIZATION | CLOUD SERVICES | ARTIFICIAL INTELLIGENCE | MANAGED SOLUTIONS
Slide 2: Agenda
Interim period in review 3 What we do 4 Our services 5 Summarised group structure 6 SWOT analysis 7 Geographical split 8 Clients 9-13 Financials 14-17
Slide 3: Interim period in review
Interim period in review Performance Dividend Capital structure Transactions ✓Group revenue: ✓Declared dividend**: ✓Cash and cash equivalents***: ✓General share repurchase: • R320.6m (+14% yoy) • 12c per share • R55.8m • Repurchased 0.7% of issued shares for a total consideration ✓Group adjusted EBI
Slide 4: What we do
What we do Data and Analytics solutions PBT Group creates and provides to make services that capitalise on data-driven insights, well-timed, intuitive business decisions that consistently position our clients ahead of the curve 4
Slide 5: Our services
Our services Advisory & Data Engineering Analytics & Visualisation Strategic • Data Lake • Business Intelligence • Data Strategy • Data Streaming • Self-Service Analytics • Modernisation • ETL / ELT • Visualisation • Readiness Programme • Data Warehouse • Storytelling • Blueprint Architecture • Data
Slide 6: Summarised group structure
Summarised group structure PBT Group Limited 100% PBT Group International BV PBT Group SA PBT Group Australia 100% 100% PBT Group Europe BV PBT SA 100% 51% Halliard International (BVI) CyberPro 100% PBT IT 100% PBT Ireland 6
Slide 7: SWOT analysis
SWOT analysis Strengths: Weaknesses: ✓ Focused business model ❍Longstanding client relationships can ✓ Capital light (high return on invested put pressure on profit margins capital) ❍Shortage of quality consultants can ✓ Technology agnostic limit growth ✓ Data explosion driving demand for ❍Dependenc
Slide 8: Geographical split
Geographical split As a % of Group revenue Comments 4% South Africa: 8% ✓ Strong demand for services ✓ Good profitability ✓ Growing at a satisfactory rate South Africa Australia: Australia ❍ Subdued profitability Europe ❍ Limited growth Europe: ✓ Operating in the UK, Ireland and the Netherlands 88%
Slide 9: Clients: industries
Clients: industries As a % of Group revenue Comments Financial services ✓ PBT provides services to a wide range of industries 6% Medical 6% ✓ Most consultants are interchangeable between industries. Reduces risk of non-billable cost base 7% Telecommunications 7% Energy 8% 56% Retail 10% HR/recruitme
Slide 10: Clients: top ten
Clients: top ten Top 10 clients as % of Group revenue Comments 12% ✓ A-grade clients lowers counterparty risk ✓ Top 10 clients make up c. 52% of Group revenue 8% 6% 5% 5% 5% 4% 4% 3% 2% SA li sted SA li sted Australian SA li sted SA li sted SA li sted SA li sted SA li sted SA li sted UK unlisted com
Slide 11: Clients: local
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Slide 12: Clients: international
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Slide 13: Clients: contract type
Clients: contract type As a % of Group revenue Comments 1% ✓ Shifting from fixed price contracts and moving towards time and material-based contracts 16% ✓ More efficient and reduces risk of project overruns Time and material Fixed price contracts Other 83% 13
Slide 14: Financials: income statement
Financials: income statement Income statement 1H19 2019 1H20 yoy % change Mostly driven by volume growth due to the successful redeployment of consultants after Revenue 281 033 336 588 414 409 320 645 996 14% exiting the MEA business component. Redeployment of consultants confirms demand Cost of sal
Slide 15: Financials: cash flow statement
Financials: cash flow statement Cash flow statement 1H19 2019 1H20 yoy % change EBIT as reported 14 466 008 48 142 191 33 369 566 131% Add total depreciation and amortisation 1 868 347 3 233 070 3 573 423 Less lease payments - - (2 773 285) Adjusted EBITDA* 16 334 355 51 375 261 34 169 704 109% (inc
Slide 16: Financials: balance sheet
Financials: balance sheet Balance sheet 1H19 2019 1H20 Remainder of goodwill is as a result of Prescient Property Plant and Equipment (PPE) 5 170 199 4 247 142 3 743 387 reverse listing via PBT in 2012 Goodwill 135 666 420 135 666 420 135 666 420 Right of use asset - - 17 312 752 Intangible assets 3
Slide 17: Financials: cash flow bridge
Financials: cash flow bridge 45 Millions 40 1 4 3 - 35 3 30 9 25 - 5 0 20 37 33 34 15 29 24 10 13 5 11 - EBIT as Depreciation Lease Adj. EBITDA* △ in working Adj. Cash Interest Interest Tax paid Adj. Net Cash NCI Net Cash Group capex NCI capex Free Cash Flow Interim Retained Free reported payments c
Slide 18: Thank You
Transforming information to create insights and predictions. Thank You THE DATA SPECIALIST COMPANY DATA ENGINEERING | ANALYTICS & VISUALIZATION | CLOUD SERVICES | ARTIFICIAL INTELLIGENCE | MANAGED SOLUTIONS