Tracsis Plc · LSE:TRCS
Tracsis — FY2023 Earnings Presentation
33 slides from Tracsis's earnings presentation, 2023
Slide 1: Preliminary Results Presentation
Preliminary Results Presentation Tracsis plc Year Ended 31 July 2023
Slide 2: Contents
Contents Chris Barnes CEO QO TRACSIS NI Andy Kelly CFO FY 2023 Highlights 6 FY 2023 Financial Review 9 Transforming the Group 14 Operational Update / Highlights 16 Looking Forward 22 Appendix Materials Board of Directors 25 Investment Case, Strategy and Growth Drivers 26 5 Year Financials 31 List of
Slide 3: Our purpose is 'Making Transport Work'
Our purpose is 'Making Transport Work'
Slide 4: Track record of consistent growth
Track record of consistent growth • •
Slide 5: Strong cash generation funds acquisitions and R&D
Strong cash generation funds acquisitions and R&D • • •
Slide 6: FY 2023 Highlights
FY 2023 Highlights
Slide 7: Strong progress in implementing our growth strategy
Strong progress in implementing our growth strategy
Slide 8: Digital transformation remains integral to rail industry's future
Digital transformation remains integral to rail industry's future
Slide 9: FY 2023 Financial Review
FY 2023 Financial Review
Slide 10: Strong revenue and EBITDA growth
Strong revenue and EBITDA growth £’000 FY 23 FY 22 Growth • • Revenue 82,023 68,723 19% • Adjusted EBITDA * 15,952 14,161 13% • Adjusted EBITDA % 19% 21% (2% pts) • Adjusted Profit + 13,842 12,394 12% Statutory Measures • Operating Profit 7,255 3,255 123% • Profit Before Tax 7,136 2,558 179% •
Slide 11: Continued growth in Rail Technology revenue
Continued growth in Rail Technology revenue Rail Technology & Services Revenue (£m) £’000 FY 23 FY 22 Growth Revenue 37,862 29,935 26% Adjusted EBITDA * 10,373 9,780 6% Adjusted EBITDA % 27% 33% (6% pts) • • • •
Slide 12: Record activity in Data, Analytics, Consultancy & Events
Record activity in Data, Analytics, Consultancy & Events Data, Analytics, Consultancy & Events Revenue (£m) £’000 FY 23 FY 22 Growth Revenue 44,161 38,788 14% Adjusted EBITDA * 5,579 4,381 27% Adjusted EBITDA % 13% 11% +2% pts • • •
Slide 13: Strong cash position supports ongoing investment
Strong cash position supports ongoing investment £’m FY 23 FY 22 Variance • Adjusted EBITDA 16.0 14.2 1.8 Increase in working capital (2.7) (4.0) 1.3 • Interest and tax paid (2.0) (1.3) (0.7) Acquisitions and Earnouts (9.6) (13.5) 3.9 Transaction costs - (0.6) 0.6 • Capex (1.5) (1.0) (0.5) • Develop
Slide 14: Transforming the Group
Transforming the Group on L
Slide 15: Building a platform for accelerated growth
Building a platform for accelerated growth • • • • •
Slide 16: Operational Update / Highlights
Operational Update / Highlights
Slide 17: A single integrated UK rail technology portfolio
A single integrated UK rail technology portfolio Rail Technology and Services (UK) • •
Slide 18: A fast-growing North American rail pipeline
A fast-growing North American rail pipeline Rail Technology and Services (N.A.) • • •
Slide 19: The growing importance of 'data insights'
The growing importance of ‘data insights’ • • •
Slide 20: Traffic Data and Events integrated into a single business
Traffic Data and Events integrated into a single business • • • • • • •
Slide 21: Strong progress made in delivering ESG objectives
Strong progress made in delivering ESG objectives
Slide 22: Looking Forward
Looking Forward
Slide 23: We remain confident in our long-term growth prospects
We remain confident in our long-term growth prospects • • • Technology makes it possible; people make it happen
Slide 24: Appendix
Appendix =
Slide 25: Board of Directors
Board of Directors a Jill Easterbrook Chris Barnes Andy Kelly Dr James Routh Liz Richards Tracy Sheedy Independent Chief Executive Officer Chief Financial Officer Senior Independent Independent Independent Non-Executive Chair Non-Executive Director Non-Executive Director Non-Executive Director QO TR
Slide 26: A clear and focused approach to scaling the business
A clear and focused approach to scaling the business Product / Software Based Capability Based
Slide 27: Strong digital transformation growth drivers across rail sector
Strong digital transformation growth drivers across rail sector
Slide 28: A diversified portfolio of long-term blue-chip customers
A diversified portfolio of long-term blue-chip customers
Slide 29: Tracsis investment case
Tracsis investment case 4 | Strong market fundamentals with clear drivers of growth High value, well-differentiated market leading products and services Multiple organic growth vectors | 4 | Strong balance sheet | 5 | Growing pipeline of M&A opportunities | 6 | A resilient business model with long-t
Slide 30: Strategic growth priorities
Strategic growth priorities • • • • • • • • • • •
Slide 31: 5-year income statement
5-year income statement IFRS 16 £’000 2018-19 2019-20 2020-21 2021-22 2022-23 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Revenue 18,750 30,469 26,365 21,633 22,239 27,998 29,182 39,541 39,213 42,810 Adjusted EBITDA * 4,239 6,275 5,586 4,877 5,431 7,547 6,167 7,994 7,464 8,488 Operating Profit 2,232 4,464 2,611 1
Slide 32: 5-year balance sheet
5-year balance sheet £’000 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Property, Plant & Equipment 2,476 2,678 3,564 3,581 3,312 3,540 3,767 4,897 4,585 4,789 Intangible Assets / 33,291 40,510 38,678 55,465 53,236 52,400 53,540 63,548 63,071 57,694 Investments 35,767 43,188
Slide 33: List of significant shareholders
List of significant shareholders Holder % Held Investec Wealth & Investment 9.3% Charles Stanley 8.0% Schroder Investment Management 6.6% Unicorn Asset Management 6.1% Rathbones 4.9% Canaccord Genuity Wealth Management 4.0% BGF 3.8% Martin Currie Investment Management 2.8% Royal London Asset Managem