Service Stream Limited · ASX:SSM
Service Stream — H1 FY2006 Earnings Presentation
12 slides from Service Stream's earnings presentation, March 2006
Slide 1: Service Stream Limited Interim Results Presentation March 2006
Service Stream Limited Interim Results Presentation March 2006
Slide 2: Disclaimer
capability + ambition + growth Disclaimer This presentation has been prepared by the management of Service Stream Limited (the ‘Company’) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or person. Neither the Company, nor any of its officers, emp
Slide 3: Introduction
capability + ambition + growth Introduction Established 2004 Identified large and fragmented industrial services market focusing on provision of end-to-end service solutions for Customer Premise Equipment (CPE) $11.25 million capital raising completed and listed on ASX in Oct 04 Skilled Comm
Slide 4: Status Report
capability + ambition + growth Status Report 1,500 staff and 10 branches nationally providing y Outsourced field force management y Technical support y Customer assistance y Asset management services Core operating divisions – Communications and Solutions Telecommunications sector focus at pre
Slide 5: Highlights – For Half Year to Dec 2005
capability + ambition + growth Highlights – For Half Year to Dec 2005 Record half-year sales and profitability Full contribution from core divisions – Communications & Solutions Revenue up 573.8% to $79.8M for six months EBITDA and EBITDA margins of $4.0M and 5.0% respectively Significant
Slide 6: Telecommunications – driving the growth
capability + ambition + growth Telecommunications – driving the growth Organic and contract growth underpins current order book Major customers active – Telstra, Optus and Vodafone Significant contracts re-signed in past 12 months • Telstra Labour Services – 2 years + 2 years • Optus Insurance
Slide 7: Outlook
capability + ambition + growth Outlook Organic / Contract growth opportunities in telecommunications sector Reviewing opportunities in the broader based industrial services sector Positive start to trading in current period FY06 forecasts remain on track 7
Slide 8: Integrated Business Model
capability + ambition + growth Integrated Business Model Business streams Building Telecoms Banking Utilities Services Common activities workforce asset field data collection field services management movements & management (installation & services services maintenance) workforce customer asset tech
Slide 9: Integrated Business Structure
capability + ambition + growth Integrated Business Structure Service Stream Limited Service Stream Limited Service Stream Communications Milcom Training Service Stream Solutions Asset Customer Managed Embedded Bundled Installs & Movements Communications Utilities Installs & Acquisition Labour Techno
Slide 10: Financial Performance
capability + ambition + growth Financial Performance 2005 2004 % Half Year to 31 December ($’million) ($’million) Change Revenue 79.8 11.8 573.8% ↑ EBITDA 4.0 (0.2) 2617.5% ↑ EBIT 3.3 (0.2) 1559.1% ↑ NPAT 1.9 (0.3) 803.3% ↑ EPS (cents) 1.37 (0.34) 502.9% ↑ Dividend (cents per share) 0.75 - n/a Sourc
Slide 11: Financial Position
capability + ambition + growth Financial Position $ million 31-Dec 30-Jun 31-Dec 30-Jun 2005 2005 2005 2005 Cash 0.2 1.5 Payables & provisions 15.9 17.4 Receivables & WIP 27.6 24.9 Borrowings 6.2 15.1 Fixed Assets 3.1 3.2 Non-current liabilities 0.5 0.4 Other 1.8 1.0 Goodwill 16.5 16.4 Total Assets
Slide 12: HY06 Commentary
capability + ambition + growth HY06 Commentary Integration of core business units, Communications and Solutions, completed Valuable synergies achieved Balance sheet structured to support ambitious growth plans Ongoing review of opportunities in complementary sectors 12