DWS Limited

2017 Full Year Results Presentation

Introduction - Danny Wallis (CEO) and Stuart Whipp (CFO)

Results Highlights

Full Year Results

Capital Management

Operations Update

DWS Model

Summary and Outlook

Questions

  • Operating revenue of $137.4 million compared to

    $144.5 million in FY16. Decline in revenue due to a number of factors including a decline in contractor numbers (mainly as a result of a decrease in demand from a large IT&C client)

  • Reported EBITDA of $26.2 million a 3.2% increase

    compared to FY16 reported EBITDA of $25.4 million

  • FY17 underlying EBITDA of $26.99 million ($25.80 million pcp) an increase of 4.6%

  • EPS of 13.4 cents (12.7 cents in pcp) a 5.5% increase on pcp

  • Strong performance across all States and Territories that DWS operates in

  • Continued focus on productivity and managing consultant numbers to match client demand resulted in an improved EBITDA margin of 19% (18% pcp) as well as strong underlying EBITDA for the DWS Limited Group

  • Balance sheet significantly strengthened with $10.9

    million of cash at 30 June 2017 and net debt of

    $4.1 million ($13.8 million pcp)

  • Final fully franked dividend of 5.0 cents per share taking total dividends to 10.0 cents per share for the year representing a 75% pay-out ratio for the year

    30 June 2017

    $'000

    30 June 2016

    $'000

    Movement

    Operating Revenue

    137,438

    144,494

    (7,056)

    Gross Margin

    33.8%

    32.5%

    1.3%

    EBITDA excluding one-off items

    26,992

    25,805

    1,187

    EBITDA Margin

    19.6%

    17.9%

    1.7%

    Reported EBITDA

    26,243

    25,434

    809

    Reported EPS

    13.4 cents

    12.7 cents

    0.7 cents

    • FY17 revenue $137.4 million down 4.9% on pcp

    • H217 revenue impacted by reduction in demand for contractors with corresponding decrease in contractor costs minimising impact on EBITDA

    • Average utilisation per consultant marginally higher at 84.1% (84% in pcp)

    • Gross margin increased to 33.8% from 32.5% and underlying EBITDA margin increased to 19.6%

    • One-off costs of $0.749 million relating to proposed acquisition of SMS

DWS Limited published this content on 14 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 August 2017 23:56:03 UTC.

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