BSA LIMITED — Investor Presentation 2007

Nov 25, 2007

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BSA Limited
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Shareholder Presentation

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For personal use only

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Full Year Results – June 2007

Increasing profitability and dividend

	June 2007	June 2006
			Movement
	Actual	Actual
Revenue $	$159 m	$131 m	Up 21.4%
EBITDA $	$14 m	$5 m	Up 180%
NPAT	$9 m	$0.7 m	Up 1286%
Dividend (Full Year) (fully-franked)	3.2 cents	2.0 cents	Up 60%
Basic EPS	5.83 cents	0.4 cents	Up 1350%
Shares on Issue	156,726,408

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Full Year Results – June 2007

Increasing profitability and dividend

	June 2007	June 2006
			Movement
	Actual	Actual
Market Capitalisation	$119.1 m	$35.5 m	Up 235.5%
Operating Cash Flow	$7.1 m	$(0.2) m	Up 3650%
Total Assets	$52.2 m	$41.7 m	Up 25.2%
Shareholders Equity	$35.4 m	27.4 m	Up 29.2%

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Revenue & EBITDA Trend – 2004 - 2007 Longer term trend shows sustained growth

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Includes Triple M
acquisition
EBITDA$ Million
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NPAT & EPS Trend 2004 - 2008

Longer term trend shows sustained growth

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Contracting Solutions – Continued Growth

• FOXTEL

• Growth on the back of strong sales in the Subscription TV sector

• Innovations such as IQ and aggressive marketing by FOXTEL

• Addition of cable installation & maintenance works

• Signing 4 year contract extension worth over $300M

• Optus

• Strong long term relationship

• Secured new 2 year contract which extends geographic coverage into Melbourne & Sydney, (previously only serviced Brisbane)

• AUSTAR

• Like FOXTEL growth in the Subscription TV sector has driven revenue

• Commercial works performed Nationally

• Launch of MySTAR (equivalent to FOXTEL IQ) will drive growth

• Seeking contract extension

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Contracting Solutions – Continued Growth

• Telstra ______

• Secured volumes under the A&AS contract as a subcontractor to SILCAR__ _ ___ _ __ _ _____ __

• Strong reputation in the Telecommunications industry_ __ __ ___ __ _____

• Steady growth in new business_ _ __ ___ _____

• Growing BSA Advanced Learning (BAL)__ _ _____

• Seeking sub contract arrangement with AA&S providers__ ___ __ ___ _ ______

• Optic Fibre, presents growth opportunities_ _ __ _____

• Technical Services __ _

• Signed national support agreements for Tellabs Contract (Installation and _ __ _ __ ___ __ _ _ Commissioning, Maintenance and Support ) _ _ ___ ___

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BSA Advanced Learning

• Accredited as a Registered Training Organisation

• Secured ongoing business from:

• Telstra

• Defence Forces QLD

• Optus

• Productivity improvements being realised in the field through the BSA training program

• The program has now been successfully expanded into FOXTEL and AUSTAR

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Corporate & Social Responsibility

• BSA has provided significant support to Young Care Limited, a nationally registered charity and non-profit organisation dedicated to providing accommodation for young Australians with high care needs.

• The issue of caring for these people is broad and complex and we are extremely proud to be part of this organisation.

• Youngcare’s aim is to raise awareness of the issue as it seeks to develop viable, sustainable solutions that provide the care and dignity that everyone deserves.

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Triple M Acquisition Builds Profitability

• Acquired leading Building Services company, Triple M in August for $43.1 million – immediately EPS accretive

• Delivers substantial new business in building services market

• Specialises in air conditioning and fire protection services for non-residential & infrastructure markets - $3.5b market

• Strong track record of organic growth and profitability

• Diversified income streams from Mechanical & Fire Contracting and Mechanical & Fire Service and Maintenance contracts

• Stable and respected senior executive team

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Operational Activities and Structure

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65.5% of Revenue

34.5% of Revenue

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In Conclusion

• BSA has a strong Balance Sheet and is well positioned for Growth

• Key contracts are in place with key Clients – FOXTEL

• – OPTUS

• – AUSTAR

• – SILCAR

• Triple M – New Markets

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