McMillan Shakespeare Limited · ASX:MMS
McMillan Shakespeare — Lodge Partners Stockbrokers 4th Annual Mid Cap Confab 2007
22 slides from McMillan Shakespeare's conference presentation, March 2007
Slide 1: McMillan Shakespeare Limited – Lodge Partners 4th Annual Mid Cap Confab
McMillan Shakespeare Limited Lodge Partners Stockbrokers ‘4th Annual Mid Cap Confab’ Grange Portsea Village March 2007 Anthony Podesta Chief Executive Officer
Slide 2: Overview – The evolution of MSL
Overview – The evolution of MSL Late 1980’s – Mid 1900’s 1998 2003 Early 1990’s Zurich takes major Origins of the Focus shifts to stake in Zurich completes its business – employee McMillan Shakespeare acquisition of MSA an accounting practice remuneration activities Australia (MSA) H1 2004 H2 2004 2
Slide 3: Employee Benefits & Programs
Employee Benefits & Programs All Employers • Motor vehicles • Employee assistance programs - traditional leasing • Financial management - short term leasing education programs • In-house dining/benefits • Return to work incentives • Laptop computer programs (eg. returning from maternity • Additional
Slide 4: Salary Packaging Example (Mortgage Repayments & Laptop Computer)
Salary Packaging Example (Mortgage Repayments & Laptop Computer) Public Hospital Employee By salary packaging, an employee client could save up to $5,135 on mortgage repayments & purchase of a $2,000 laptop computer as described below: • The example above assumes the employee client is employed by a
Slide 5: Salary Packaging Example (Motor Vehicle Lease)
Salary Packaging Example (Motor Vehicle Lease) Full FBT Employer An employee client could save up to $4,688 per FBT year by salary packaging a novated motor vehicle lease (with a base value of $33,000) as described below: • The example above assumes the employee client is employed by a full FBT empl
Slide 6: Market Size & Share – Outsourced Salary Packaging Market
Market Size & Share – Outsourced Salary Packaging Market Market Size • The Australian employment market comprises approximately 10 million employees. Of this amount, approximately 10% are employed in the public sector, 83% in the private sector and the remaining 7% in the not-for-profit sector. • MS
Slide 7: Market Size & Share – Vehicle Benefit Market
Market Size & Share – Vehicle Benefit Market Market Size • The total vehicle benefit market comprises mainly fleet vehicles and novated lease vehicles. This is a subset of the overall Australian employment market (ie. employees who salary package may or may not include a car lease as part of such pa
Slide 8: MSL's Client Composition – Revenue & EBITDA Analysis
MSL’s Client Composition – Private vs Public Sector MSL’s Client Composition – Revenue & EBITDA Analysis Private vs Public Sector Revenue EBITDA EBITDA Margin % Private sector 60 40.0% 25% 38.0% 50 36.0% 34.0% Public sector 40 75% EBITDA 32.0% A$m MSL’s FY06 Revenue 30 30.0% Other 28.0% Margin Progr
Slide 9: A Performance Driven Culture
A Performance Driven Culture Credibility, Experience, Recognition, Innovation Capacity and Capability Values, Culture & People Quality & Proven Execution
Slide 10: Why Childcare and Work-Life Balance Programs?
Why Childcare and Work-Life Balance Programs? • Employers are increasingly aware that programs that seek to help employees manage work, family & personal life can assist in: – Attracting and maintaining staff – Improving job & overall life satisfaction – Assisting with the management of work & famil
Slide 11: Opportunity
Opportunity nt ore than re No expense spared harge ™ - at Byron’s preschool Andrew Clark ‘around, had myname down ata "4 Fatita eno a umber of place around the aneye-wateringannaal eastern suburbs from when twas om ‘but Som Maiilaond her eight weeks’ pregnant, When we || husband, William Mertens, ba
Slide 12: Provision of Child and General Care Services to NSW Government Employees
Provision of Child and General Care Services to NSW Government Employees • ASX announcement made on 5 March 2007 that McMillan Shakespeare Limited has entered into a Memorandum of Understanding with the NSW Government to deliver childcare and general care services to NSW Government employees. • The
Slide 13: McMillan Shakespeare Childcare Services & Work-Life Balance Programs
McMillan Shakespeare Childcare Services & Work-Life Balance Programs Corporate Childcare Employer operated centre Salary package part/all childcare costs Childcare Placement Occasional Care Work Life Programs Assist to locate childcare Payment to operator (children, aged, Payment of expenses disabil
Slide 14: Objectives of the Model
Objectives of the Model • Establish access to quality childcare using existing facilities with vacancies • No need for an employer to establish a facility, fit out the facility etc • Link an employer and their employees with a one or multiple quality child care operators (rural and metropolitan loca
Slide 15: Corporate Childcare - The Model
Corporate Childcare - The Model • Priority access to a variety of child care centres and locations • Salary packaging of child care payments Child Care Centre • Central booking system for child care CBD placements • Cater for long term, casual and emergency care • Existing arrangements (i.e. child’s
Slide 16: Corporate Childcare - The Model (Supply and Demand)
Corporate Childcare - The Model • Program establishment • Use of accredited care providers • Monitor performance • Arrange payments • Bookings for childcare • Corporate childcare • Placement service Supply • Reports to employer Employees Care Providers seeking seeking clients care Demand
Slide 17: Annual Benefit – Example Hours of Childcare Per Week
Example – 40 Hrs of Childcare Per Week $5,000 $4,500 $4,000 $3,500 Annual Benefit $3,000 $2,500 $2,000 $1,500 $1,000 $500 $- 05 0 10 0 15 0 20 0 25 0 30 0 35 0 40 0 45 0 50 0 55 0 60 0 65 0 70 0 75 0 80 0 85 0 90 0 95 0 00 0 00 $4 00 $5 00 $5 00 $6 00 $6 00 $7 00 $7 00 $8 00 $8 00 $9 00 $9 00 00 0 $
Slide 18: Occasional Care Work Life Programs – The Rationale
Occasional Care Work Life Programs The Rationale New South Wales Government Submission to the Standing Committee on Family and Human Services (page 7) Striking the Balance Women, men, work and family DISCUSSION PAPER 2005 - Human Rights and Equal Opportunity Commission (page 51)
Slide 19: Occasional Care Work Life Programs – Voucher Program
Occasional Care Work Life Programs Voucher Program • Program aim – to assist the employee to attend work & confidently address family & personal demands by providing a broad range of services, including: – Emergency/casual child care – Vacation care/outside school care – Eldercare-at-home – Nanny se
Slide 20: Childcare Placement – The Model
Childcare Placement The Model The Childcare Placement service is intended to facilitate the identification of suitable childcare centres for employees and will include centres where the FBT exemption is available as well as independent centres. This service is aimed at providing employees with the c
Slide 21: Advantages to Employees and Employers
Advantages to Employees and Employers Advantages to Employees • Immediate cost savings on child care – no need to wait for 30% Tax Rebate. • Accessible child care places in multiple locations including regional and rural QLD. • Only centres and staff that are accredited can participate. • Access to
Slide 22: McMillan Shakespeare Limited – Positioned for Growth
McMillan Shakespeare Limited Positioned for Growth Financial services Specialist Back office Childcare including benefit Finance administration Outsourced Specialist & Asset Fleet salary mortgage programs and Customer services business related management management packaging broking, Superannuation
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