Peoplein Limited · ASX:PPE
Peoplein — People Infrastructure — FY2020 Earnings Presentation
19 slides from Peoplein's earnings presentation, Aug 25, 2020
Slide 1: People Infrastructure Ltd Annual Results FY2020
For personal use only PEOPLE INFRASTRUCTURE LTD ANNUAL RESULTS FY2020
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by People Infrastructure Limited (Company) together with its related bodies corporate (People Infrastructure). The material contained in this presentation is for information purposes only and is intended to be general background in
Slide 3: People Infrastructure
PEOPLE INFRASTRUCTURE For personal use only A purpose driven organisation making an extraordinary impact by harnessing the talent of people. People Infrastructure offers staffing solutions, business services and operational services: • in speciality industry verticals where we can develop the market
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only • Leader in workforce management focused on providing staffing services, business services and operational services across three key sectors Leader in • Health and Community Services Workforce • Information Technology Management • General Staffing and Spec
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS For personal use only • Staffing is a $29bn industry in Australia • Growth in staffing and workforce management industry being driven by workforce demand for flexibility in working hours and employers being more sophisticated in management of employees • Increasing regulations
Slide 6: Years of 20%+ Compound Growth in Earnings
5 YEARS OF 20%+ COMPOUND GROWTH IN EARNINGS For personal use only REVENUE GROWTH 2015 – 2020 EBITDA GROWTH 2015 – 2020 400 $mn 30.0 $mn 350 300 25.0 250 CAGR of 24.8% 20.0 200 CAGR of 26.3% 15.0 150 10.0 100 50 5.0 0 0.0 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 Pro forma Pro forma
Slide 7: People Infrastructure Ecosystem
PEOPLE INFRASTRUCTURE ECOSYSTEM For personal use only • Making an extraordinary impact by harnessing the power of people • People Infrastructure has successfully leveraged its capabilities in staffing to expand into business services and operational services. Staffing capabilities provides a genuine
Slide 8: Incredibly Resilient and Stable Customer Base
INCREDIBLY RESILIENT AND STABLE CUSTOMER BASE For personal use only • Global leader in profitability. People Infrastructure focuses on niches where it has a demonstrable Number of clients by contribution to Gross Profit competitive advantage. As a result it has globally leading EBIT margins 2-5% of
Slide 9: Division Breakdown
For personal use only DIVISION BREAKDOWN
Slide 10: Health and Community Services Division
HEALTH AND COMMUNITY SERVICES DIVISION For personal use only A fully integrated workforce management model in the healthcare sector Overview and Current Positioning • Continues to be a leader in providing workforce management services to the Health and Community Services sectors in Australia and the
Slide 11: Significant Opportunity in the Direct Care Sector (Homecare)
SIGNIFICANT OPPORTUNITY IN THE DIRECT CARE SECTOR(HOMECARE) For personal use only People Infrastructure launched into the homecare sector in November 2019. This is a high growth sector and People Infrastructure is able to leverage its existing capabilities in staffing in the community services secto
Slide 12: Information Technology Division
INFORMATION TECHNOLOGY DIVISION For personal use only Overview and Current Positioning • A leader in Information Technology recruitment focusing on IT Sales and Marketing, Digital, Cloud, CyberSecurity, Data & Analytics, IT Consulting and Technical Support • Provide strong specialisation in each ver
Slide 13: General Staffing and Specialist Services Division
GENERAL STAFFING AND SPECIALIST SERVICES DIVISION For personal use only Overview and Current Positioning • A leader in providing general staffing services to small and medium sized business across Australia. • The general staffing, contract planting and facilities maintenance businesses have all bou
Slide 14: Financials
For personal use only FINANCIALS
Slide 15: Summary Financials
SUMMARY FINANCIALS For personal use only • People Infrastructure was experiencing strong profitability across Normalised Normalised Growth the business prior to the onset of COVID-19. Whilst impacted by $'000 FY2019 FY2020 the virus, from April onwards it has bounced back across most Revenue 278,155
Slide 16: Balance Sheet
BALANCE SHEET For personal use only Jun-20 STRONG BALANCE SHEET Cash and cash equivalents 31,464,965 Trade and other receivables 41,192,837 • Net cash position of $9.9m (normalised for leases) Current tax receivable - Other current assets 1,466,252 • Industry leading debtor collections driven by sop
Slide 17: Strong Cashflow Generation
STRONG CASHFLOW GENERATION For personal use only STRONG CASHFLOW • Net cash position of $9.9m • Generated $27.1M in operating cashflow during the year. Positively impacted by accrual of GST of $5.8m and negatively impacted by $1.5m one off working capital adjustment which reduced the purchase price
Slide 18: FY21 Outlook
FY21 OUTLOOK For personal use only Outlook remains relatively positive for FY21 however note there is ongoing volatility in the broader environment • Ongoing volatility in the economic environment due to Covid-19 related restrictions • Management focused on organic opportunities to continue to drive
Slide 19: Appendix 1: Bridge from Statutory Profit Before Tax to Normalized EBITDA
APPENDIX 1: BRIDGE FROM STATUTORY PROFIT BEFORE TAX TO NORMALIZED EBITDA For personal use only 30-Jun-20 $ Statutory Profit Before Tax 21,923,506 Depreciation and amortisation 6,597,692 Finance costs 2,291,510 EBITDA 30,812,708 Normalisation adjustments: Acquisition costs 156,603 Performance rights