DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Investor Presentation: Six months to 31 December 2009 Results Released:

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Presentation transcript:

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Investor Presentation: Six months to 31 December 2009 Results Released: 15 February 2010 Danny Wallis Chief Executive Officer Lachlan Armstrong Chief Financial Officer DWS Advanced Business Solutions Ltd

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance H Highlights Record H1 Performance H1 revenue up 10% H1 EBITDA up 28% Growth in consulting staff numbers Financial strength Strong balance sheet with zero debt Solid dividend return Cautious optimism about H2 Operating Highlights for H Completion of acquisition of Graeme V Jones & Associates Continued growth in both Brisbane and Adelaide Return to growth of Sydney operations Strong H1 result in Melbourne Strong H1 results in a continued uncertain environment

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Record financial results H $’000 H $’000 % Increase Revenue from continuing operations 48,12243,65710% EBITDA13,40310,46728% Margin28%24% Earnings9,2547,22428% EPS7.0 cents5.48 cents28% Dividend per share (fully franked) 5.0 cents3.5 cents43% Increased revenue Improved margin performance Record H1 EBITDA Solid return for investors Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Continued growth in operating revenues Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Improved EBITDA performance Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Maintaining a Strong Balance Sheet Increased revenue Record H1 Revenue Dec 2009 $’000 June 2009 $’000 Cash10,98712,155 Debtors15,66818,330 WIP4,9511,191 Total Assets61,68761,590 BorrowingsNil Total Liabilities8,2759,660 Net Assets53,41251,930 NTA per share20.44 cents20.31 cents Strong H1 Operating Results Continued growth in Net Assets Zero debt Strong delivery pipeline

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Strong cash flow Dec 2009 $’000 Dec 2008 $’000 Opening cash balance 12,1557,570 Cash flow from operations 12,92812,347 Tax Paid (5,377)(4,200) Capital Asset Purchases (137)(128) Acquisition Costs (800)(432) Dividends Paid (7,929)(7,316) Share Buy Back -(1,325) Interest Income & Other Closing Cash balance 10,9876,719 Continued growth in free cash generation GVJ Acquisition Strong dividend return Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance STAFF 31 Dec 0930 Jun 09 Consulting staffTotal chargeable Office staffManagement1110 BD/Sales1215 Other – DWS GVJ Total office5145 GRAND TOTAL Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Interim Dividend – consistent return for shareholders Interim Dividend$0.05 per ordinary share Record Date15 March 2010 Expected Payment Date6 April 2010 Strong H1 Operating Results

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Additional back – office capacity created Management succession plan Improved IT platform and network Stronger Internal Operations

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Revenue by Sector - Sustainable growth H FY 2009 Sustainable Growth

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Graeme V Jones & Associates Aligns to strategy of opportunistically acquiring underperforming businesses where there is a strategic fit Major focus in SAP & PeopleSoft space Discard unwanted components and provide strategic input and support from DWS Complementary base of clients in both government and corporate sectors Strong cross selling opportunities Will be earnings accretive in 2011 and beyond Acquisition

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Acquisitions Opportunistically acquire underperforming businesses Also look to make other acquisitions Geographic expansion Technology fit Complementary client base

DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Cautiously optimistic about H While overall economy is showing signs of improvement we are hesitant to suggest that the business environment has fully recovered and there are still some concerns for H Caution on unrealistic expectations and predictions based solely on H1 results DWS is in the very strong position of being able to fully maximise all opportunities that may present themselves in the future DWS looks forward to continued success for H H Outlook