SHINE JUSTICE LTD — AGM Information 2014

Oct 21, 2014

==> picture [117 x 31] intentionally omitted <==

ASX Announcement

Shine Corporate Limited (SHJ)

Annual General Meeting 2014

Chairman’s Address and Managing Director’s Presentation

Attached are the following documents, which will be presented at the Annual General Meeting of Shine Corporate Limited which commences at 10.00am on 22 October 2014, in compliance with listing rule 3.13.3.

1. Copy of Chairman’s Address

2. Copy of Managing Director’s Presentation

==> picture [102 x 37] intentionally omitted <==

John George Company Secretary

Shine Corporate Limited Level 6, 30 Makerston Street Brisbane QLD 4000

22 October 2014

==> picture [75 x 35] intentionally omitted <==

CHAIRMAN’S ADDRESS

SHINE CORPORATE LIMITED ANNUAL GENERAL MEETING

22 OCTOBER 2014

Before handing over to Simon I would like to make a few comments of my own regarding the performance of the business and the strategic outlook for the company and the industry.

Shine has a strong balance sheet and solid branding in its core markets, and is among the top three plaintiff litigation firms in the country.

The past year has seen the ongoing evolution of the industry as consolidation by merger and acquisition continued. Shine has been part of that trend, consistent with its strategy of geographic and sectoral diversification and the extraction of benefits from the scalability of its business systems and processes.

In the workers' compensation sector in Queensland, the legislative reforms introduced in October 2013 began to have an effect, but this has been well managed and the company continues to enjoy solid growth in revenue and profit.

Whilst plaintiff injury litigation remains the core practice of the company, diversification into our emerging practice areas is on track to deliver a greater share of revenue and profitability into the future.

As well, our joint venture in New Zealand is now maturing as a business and the pipeline of claims we are progressing is beginning to deliver with a number of successful claims delivering positive cash flows. The company is now looking to opportunities to apply this model in other jurisdictions where natural disasters result in claimable damage to property.

==> picture [75 x 35] intentionally omitted <==

As well, our partnership with Erin Brockovich in the United States, to manage enquiries and assist claimants seeking legal remedy, is also beginning to bear fruit and this business model will be further developed in the year ahead.

The board has been solidly engaged over the past year with over 23 regular meetings of the board and board committees and a further 5 unscheduled meetings. As well, the board has participated in separate meetings with the executive on corporate strategy.

Until recently, the Board comprised three independent non-executive directors and two executive directors, Stephen Roche and Simon Morrison. As from July 2014, Stephen Roche has become a non-executive director of the board but remains available to assist the executive on special projects as required under a commercial consulting agreement.

I thank Stephen for the outstanding contribution he has made as a former CEO and as an executive director in guiding the company and successfully driving the growth and profitability of the business. His continuing contribution as a nonexecutive director is highly valued as is his continued commitment as a major shareholder.

The company is well placed to continue to participate in the growth and consolidation of the industry and the board and executive will work diligently to ensure the company delivers on the expectations of its shareholders, clients and other stakeholders.

I will how hand over to the Managing Director.

==> picture [720 x 241] intentionally omitted <==

SHINE CORPORATE LTD 2014 Annual General Meeting

==> picture [720 x 15] intentionally omitted <==

22 October 2014

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

INTRODUCTION

==> picture [178 x 82] intentionally omitted <==

Group Holding Company

• 3 law firms and other interests

• Ongoing growth – organic and acquisitions

• practice litigation

• systems to grow

==> picture [720 x 15] intentionally omitted <==

INTRODUCTION

==> picture [178 x 82] intentionally omitted <==

==> picture [174 x 51] intentionally omitted <==

• Values driven business – “Right Wrong”

• • Decentralised national operation

• • Australia’s third largest plaintiff litigation firm founded in 1976

• Customised case selection and case management processes

==> picture [38 x 35] intentionally omitted <==

==> picture [720 x 15] intentionally omitted <==

INTRODUCTION

==> picture [178 x 82] intentionally omitted <==

• Personal injury law firm operating in Western Australia since 1983

• Acquired 1 July 2014

==> picture [261 x 69] intentionally omitted <==

• Law firm specialising in land owner compensation

• Offices in Townsville, Roma and Brisbane

==> picture [243 x 83] intentionally omitted <==

• Acquired 1 July 2014

==> picture [720 x 15] intentionally omitted <==

INTRODUCTION

==> picture [178 x 82] intentionally omitted <==

Other Interests

• RWWNZ - NZ joint venture specialising in disaster recovery claims

• Partnership with Erin Brockovich in the United States managing enquiries and assisting claimants seeking legal remedy where appropriate

==> picture [278 x 202] intentionally omitted <==

==> picture [720 x 15] intentionally omitted <==

INTRODUCTION – KEY PRACTICE AREAS

==> picture [178 x 82] intentionally omitted <==

==> picture [145 x 138] intentionally omitted <==

----- Start of picture text -----

Personal
Injury
Litigation
----- End of picture text -----

==> picture [145 x 148] intentionally omitted <==

----- Start of picture text -----

Emerging
Practice
Litigation
----- End of picture text -----

Practice Areas Workers’ compensation Motor vehicle accidents Medical negligence Public liability Product liability Professional negligence Environmental Disability insurance & superannuation Class actions First party insurance Landowners’ rights Aviation Asbestos Human rights

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

FY 14 ACHIEVEMENTS

==> picture [178 x 82] intentionally omitted <==

• Exceeded IPO EBITDA forecast in the first full year as an ASX listed company

• Revenue growth of 10% over prior corresponding period

• EBITDA growth of 24% over prior corresponding period

• EBITDA margin at 29.6% up from 26.6% for prior corresponding period

• Overhead control program contributing to improved EBITDA margin – expenses up 5%, compared to revenue growth of 10%

• Personal Injury practice - focus on productivity driving organic growth

• Emerging Practice Areas – revenue growth of 48% from $12.2m in FY13 to $18.0m

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

FY14 RESULTS

==> picture [178 x 82] intentionally omitted <==

Measure	FY14	FY13	%change to pcp	FY14 IPO Forecast
Revenue	$115.5m	$105.2m	10%	$114.8m
EBITDA	$34.2m	$27.6m	24%	$33.0m
EBITDA Margin	29.6%	26.6%		28.7%
NPAT	$22.2m	$17.5m	27%	$21.3m
GOCF *	$10.5m	$8.1m	30%	$12.3m
NOCF#	$11.3m	$5.0m	126%	$10.7m

Full year FY14 dividend of 3.50 cents (1.75 cents final dividend and 1.75 cents interim dividend), compares to the FY14 full year IPO forecast dividend of 3.00 cents

• Gross Operating Cash Flow, # Net Operating Cash Flow

==> picture [720 x 15] intentionally omitted <==

FY14 RESULTS

==> picture [178 x 82] intentionally omitted <==

Key Historical Financial Results

==> picture [667 x 168] intentionally omitted <==

----- Start of picture text -----

Revenue ($m) FY10 – FY14 EBITDA ($m) FY10 – FY14
140.0 40
34.2
120.0 115.5 35
105.2
30 27.6
100.0
85.5 23.6
25
80.0 71.2 20.0 21.0
59.0 20
60.0
15
40.0
10
20.0 5
0.0 0
FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14
----- End of picture text -----

The figures for FY10, FY11 and FY12 shown in the graphs comprise the Company, Shine Partnership and the Service Trust as if they had operated as one entity, as detailed in Shine Corporate Ltd's Prospectus of 28 March 2013. FY13 & FY14 Revenue excludes Interest Revenue

• 4 year compound average growth rate for revenue of 18%

• 4 year compound average growth rate for EBITDA of 14%

• Emerging Practice revenue now at 15% of total revenue (FY13 12%)

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

FY14 KEY OPERATIONAL DRIVERS

==> picture [178 x 82] intentionally omitted <==

• Organic revenue growth:

Continued fee earner growth Strong focus on productivity

• Overhead control program:

Focus on overhead optimisation

Operational efficiencies to reduce support staff

Overall 5% increase in expenses, compared to revenue growth of 10%

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

BUSINESS IMPROVEMENT INITIATIVES

==> picture [178 x 82] intentionally omitted <==

• T2 business improvement project progressing

• Continuous improvement to existing Shine Case Management

Firm wide review and refinement of key processes Updating of process documentation Re-training in key processes (WIP management, client care)

• External disbursement funding

Established in FY14 Currently being rolled out

Expected benefits to cash flow towards the end of FY15

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

ACQUISITION UPDATE

==> picture [178 x 82] intentionally omitted <==

• Emanate Legal and Stephen Browne Personal Injury Lawyers

Acquisitions announced in June 2014 Completed in July 2014 Capital raising of $29.5m via a 1 for 10 entitlement offer completed in July 2014 Contributing to earnings and cash flow from 1 July 2014

• Several acquisition prospects in the pipeline

• Continuing to focus on damages based plaintiff litigation - ‘Inch wide mile deep’ strategy: Widen geographic footprint Continue to grow Emerging Practice Areas Take advantage of scalable model

• File purchases continue with distribution through existing network

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

REFORM UPDATE

==> picture [178 x 82] intentionally omitted <==

Workcover Queensland

• Anniversary of legislative changes reached

• Confirm prior disclosure of forecast impact of $2M to $2.5M NPAT

• Continuing with offset strategies in FY15

==> picture [720 x 15] intentionally omitted <==

AGENDA

==> picture [178 x 82] intentionally omitted <==

• Introduction

• FY14 Achievements

• FY14 Results

• Key Operational Drivers

• Business Improvement Initiatives

• Acquisition update

• Reform update

• FY15 Priorities and Outlook

==> picture [720 x 15] intentionally omitted <==

FY15 PRIORITIES AND OUTLOOK

==> picture [178 x 82] intentionally omitted <==

• Continuing to review and improve key legal processes supporting WIP management

• Continuing to improve the return on Shine Lawyers brand spend

• Improving the alignment of staff goals to Company performance through the introduction of the short term incentive program and designing a long term incentive program

• Building the next generation of Shine Case Management system - T2

• Continuing to grow Shine organically and through acquisition by continuing to focus on the ‘Inch wide mile deep’ strategy

• Further overhead expense optimisation

• Based on YTD trading we are tracking within our expectations for the full year

==> picture [720 x 15] intentionally omitted <==

QUESTIONS?

==> picture [178 x 82] intentionally omitted <==

For more information please visit:

www.shine.com.au

THANK YOU

==> picture [720 x 15] intentionally omitted <==

DISCLAIMER

==> picture [178 x 82] intentionally omitted <==

This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Shine Corporate Limited and certain plans and objectives of the management of Shine Corporate Limited.

Such forward-looking statements involve both known and unknown risks, uncertainties, assumptions and other important factors which are beyond the control of Shine Corporate Limited and could cause the actual outcomes to be materially different from the events or results expressed or implied by such statements.

Shine Corporate Limited and none of its officers, advisers or any other person makes any representation, assurance or guarantee as to the accuracy or likelihood of fulfilment of any forward-looking statements or any outcomes expressed or implied by any forward looking statements.

The information contained in this presentation does not take into account investors investment objectives, financial situation or particular needs. Before making an investment decision, investors should consider their own needs and situation and, if necessary, seek professional advice.

To the maximum extent permitted by law, none of Shine Corporate Limited, its directors, employees or agents, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising out of, or in connection with it.

==> picture [720 x 15] intentionally omitted <==