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IRESS LIMITED — Investor Presentation 2021
Jul 28, 2021
65141_rns_2021-07-28_884513e7-6f3e-44b8-835e-4911933b6302.pdf
Investor Presentation
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ASX Release 29 July 2021
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Iress announces plans to accelerate growth and returns
Iress has announced plans to accelerate growth and returns for shareholders, with a new medium-term target to more than double NPAT by 2025, with potential for further upside.
Iress chief executive, Andrew Walsh, said: “Following a comprehensive Board-led review that followed the appointment of Roger Sharp as chair-elect in February, it is clear that the opportunity for Iress is greater than previously anticipated and current consensus.
“We have built solid foundations enabling us to capture more market share in large addressable markets. We are executing our growth strategies including in the United Kingdom, in superannuation and for investment infrastructure. In completing the transition to a single technology platform we will also achieve greater operational leverage and speed to market.
“Iress is also focused on enhancing EPS through capital management and today announced an on-market share buy back of up to $100 million of ordinary fully paid shares.”
Accelerating growth with capital management enhancing earnings
| FY20Actuals | FY25 basecase targets | Targetgrowthv FY20 | FY25 potentialupside growth | Potentialupside growthv FY20 | |
|---|---|---|---|---|---|
| Revenue (A$m) | $542.6m | $766m - $806m | 7-8% pa | $870m - $910m | ~10%-11% pa |
| Segment Proft inconstant currency(A$m) | $152.9m | $240m - $250m | 9-10% pa | $320m - $330m | 16%-17% pa |
| NPAT (A$m) | $59.1m | ~$120m | 15% pa | ~$180m | ~25% pa |
| EPS (cents) | 32.3 cents | ~67 cents | ~+35 cents | ~99 cents | ~+67 cents |
| ROIC (%) | 9% | ~18% | +900bps | ~27% | +1800bps |
29/7/2021 - ASX Release - Investor Strategy Day - 1
Ends
About Iress’ Investor Strategy Day
The Investor Strategy Day will take place today online from 10.30am to 12.30pm. You can register here.
Agenda (times are approximate)
10.30am Andrew Walsh (CEO) 10.50am Joydip Das (Chief Product Officer) & Andrew Todd (Chief Technology Officer) 11.15am Michael Blomfield (Chief Commercial Officer) 11.40am John Harris (Chief Financial Officer) 12pm Panel Q&A 12.30pm Close
For further details, please contact:
Investors
Media
Michael Brown Luis Garcia +61 400 248 080 +61 419 239 552
About Iress
Iress (IRE.ASX) is a technology company providing software to the financial services industry.
We provide software and services for trading & market data, financial advice, investment management, mortgages, superannuation, life & pensions and data intelligence.
Our software is used by more than 10,000 businesses and 500,000 users globally. We have over 2,250 people based in Asia-Pacific, North America, Africa, the UK and Europe.
www.iress.com
29/7/2021 - ASX Release - Investor Strategy Day - 2