Presenters:
Martin Sheppard - Chief Executive Officer & Managing Director Nigel Chadwick - Chief Financial Officer
IMPORTANT NOTICESImportant notice and disclaimer
This document is a presentation of general background information about the activities of Spotless Group Holdings Limited (Spotless) current at the date of the presentation, (23 February 2016). The information contained in this presentation is of general background and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. Spotless is not licensed to provide financial product advice in relation to Spotless securities or any other financial products.
Accordingly, Spotless, its related bodies corporate and any of their respective officers, directors and employees (Spotless Parties), do not warrant the accuracy or reliability of this information, and disclaim any responsibility and liability flowing from the use of this information by any party. To the maximum extent permitted by law, the Spotless Parties do not accept any liability to any person, organisation or entity for any loss or damage suffered as a result of reliance on this document.
Forward looking statements
This document contains certain forward looking statements and comments about future events, including Spotless' expectations about the performance of its businesses.
Forward looking statements can generally be identified by the use of forward looking words such as, 'expect', 'anticipate', 'likely', 'intend', 'should', 'could', 'may', 'predict', 'plan', 'propose', 'will', 'believe', 'forecast', 'estimate', 'target' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings or financial position or performance are also forward looking statements.
Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that such predictions, forecasts, projections and other forward looking statements will not be achieved. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Forward looking statements involve known and unknown risks, uncertainty and other factors which can cause Spotless' actual results
to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements and many of these factors are outside the control of Spotless. As such, undue reliance should not be placed on any forward looking statement. Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward looking statements, forecast financial information or other forecast. Nothing contained in this presentation nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Spotless.
Pro forma financial information
Spotless uses certain measures to manage and report on its business that are not recognised under Australian Accounting Standards. These measures are referred to as non-IFRS financial information.
Spotless considers that this non-IFRS financial information is important to assist in evaluating Spotless' performance. The information is presented to assist in making appropriate comparisons with prior periods and to assess the operating performance of the business. Non-IFRS information has not been subject to audit or review in accordance with Australian Auditing Standards.
All dollar values are in Australian dollars (A$) unless otherwise stated.
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HIGHLIGHTSResults
Results in line with guidance - EBITDA and NPAT flat and down 20% respectively
Underlying revenue and EBITDA growth of 23% and 19% respectively
Operating cash flow used to fund acquisitions working capital requirements of acquired businesses, work in progress and the exit of a supply contract
Interim dividend of 3.5 cents representing a payout ratio of 73%
Business update
Debt facilities extended on improved terms with an additional $100m
Strategy reset focused on growth, unlocking value, refining operating model and optimising service offerings
Continuing to leverage strong core
Management team capabilities expanded with new appointments
Acquisition integrations on track to be completed by 30 June 2016
Outlook
Pipeline strong with visibility through 2H16
On track to deliver against trading update provided on 2 December
Contestable market is growing
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CONTENTS1
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PERFORMANCE UPDATE4
Spotless Group Holdings Limited issued this content on 23 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 February 2016 21:46:07 UTC
Original Document: http://clients2.weblink.com.au/clients/spotless2/article.asp?view=3438889