AI assistant
IGNITE LIMITED — Investor Presentation 2011
Aug 23, 2011
65110_rns_2011-08-23_19f990d2-9837-4a94-a331-2059b49eb19b.pdf
Investor Presentation
Open in viewerOpens in your device viewer
Presented by: Geoff Moles, Founder & Managing Director
www.clarius.com.au
==> picture [376 x 451] intentionally omitted <==
Clarius is a leading white collar contracting and recruitment specialist with brands across Australia, New Zealand and Asia
Agenda
Overview
Financials
Dividend Announcement
Highlights of FY 2011
Non Cash Goodwill Impairment Summary & De-recognition of Tax Losses
State of the Market
Looking Ahead
Overview
Established in 1984 by Geoff Moles
Listed on the Australian Securities Exchange in 1997 Strategic growth by acquisition – 14 completed
Strong presence across all white collar based recruitment disciplines
Experienced in operating in a cyclical environment
| Financial Results | Financial Results | Financial Results | |||
|---|---|---|---|---|---|
| FY 2011 | Movement | FY 2010 | |||
| Revenue | $267.2m | 0.5% | $266.1m | ||
| Net profit after tax* | $4.7m | 55% | $3.0m | ||
| Impairment of goodwill after tax | $14.6m | - | - | ||
| De-recognition of tax losses | $0.4m | - | - | ||
| Reported net profit / (loss) after tax | $(10.3)m | - | $3.0m | ||
| Underlying EPS (cents)* | 5.3 cents | 39.5% | 3.8 cents | ||
| Operating cash flow | $8.7m | Increase of $9.9m |
$(1.2)m | ||
| Dividend | 4.0 cents | 100% | 2.0 cents | ||
| *Before non cash impairment write down and de-recognition of tax losses |
| Full Year Financial Results | Full Year Financial Results | Full Year Financial Results | Full Year Financial Results |
|---|---|---|---|
| P&L | FY 2011 | FY 2010 | |
| Revenue | $267.2m | $266.1m | |
| Gross Profit (Margin) | $51.9m | $48.6m | |
| Employee Benefits Expense | $33.9m | $33.1m | |
| Finance Costs | $0.3m | $0.4m | |
| Other Overheads | $11.0m | $10.4m | |
| Underlying NPAT | $4.7m | $3.0m | |
| Statutory NPAT | $(10.3)m | $3.0m | |
| Operating cash flow | $8.7m | $(1.2)m | |
| Financial Position Financial Position FY 2011 FY 2010 Trade Receivables $53.6m $54.8m Intangible Assets $53.4m $68.6m Bank Overdraft $0.5m $2.2m Contributed Equity $90.3m $104.0m • Positive cash flow of $8.6m provides strong financial position and minimal debt • 88.2m shares on issue • 3.2m options • Impairment write down of $14.6m • Strong balance sheet with capacity for future growth and acquisitions |
|
|---|---|
Dividend Announcement
• 2.0 cents interim dividend per share paid 28[th] March, 2011
• 2.0 cents final dividend per share
-
Fully franked
-
Payment date of 14[th] October, 2011
-
DRP discount 2.5%
-
NPAT up 55% to $4.7m
-
Before non cash impairment write down and de-recognition of tax losses
Operating Cash Flow increases by $9.9m in FY 2011
Clarius Major Accounts (CMA) Implementation
Recruitment brands showing stronger sustainability and endurance during market turbulence
Investment in Ignite brings profitable result
Impairment write down reflects brand restructuring and market volatility
Impairment write down reflects brand restructuring and market volatility:
Impairment write down reflects brand restructuring and market volatility:
Clients
==> picture [169 x 42] intentionally omitted <==
==> picture [160 x 43] intentionally omitted <==
==> picture [122 x 63] intentionally omitted <==
==> picture [114 x 68] intentionally omitted <==
==> picture [119 x 69] intentionally omitted <==
==> picture [146 x 69] intentionally omitted <==
==> picture [108 x 69] intentionally omitted <==
==> picture [86 x 86] intentionally omitted <==
==> picture [86 x 86] intentionally omitted <==
==> picture [113 x 86] intentionally omitted <==
==> picture [115 x 86] intentionally omitted <==
==> picture [86 x 86] intentionally omitted <==
==> picture [312 x 52] intentionally omitted <==
==> picture [103 x 53] intentionally omitted <==
==> picture [52 x 53] intentionally omitted <==
The market remains uncertain with the turbulence of global financial markets – but a more robust model allows for improved returns
Despite challenging global economic conditions, we are confident of continued growth
Disclaimer
The material herein is a presentation of non-specific background information about Clarius Group Limited’s current activities.
It is information given in summary form and does not purport to be complete.
Investors or potential investors should seek their own independent advice.
This material 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 a particular investor.