DWS Limited
2016 Full Year Results Presentation
Introduction - Stuart Whipp (CFO) and Martin Ralston (Chairman)
Results Highlights
Full Year Results
Capital Management
Operations Update
DWS Growth Strategy
Summary and Outlook
Questions
Strong 12 month revenue growth of $49.9 million to $144.5 million (53% on pcp)
Both Symplicit and Phoenix acquisitions contributed positively in FY16 with combined revenue of approximately $45.5 million adding to organic growth of $4.4 million
FY16 underlying EBITDA (excluding one-off items) up 63% to $25.8 million
EPS of 12.74 cents (7.87 cents in pcp) a 62%
increase on pcp
Continued focus on productivity across the Group resulting in an improved EBITDA margin as well as higher EBITDA
Growing client portfolio across the Eastern seaboard performing strongly with notable highlights in VIC and NSW
Balance sheet remains sound and liquid with
$10.2 million of cash at 30 June 2016
Final fully franked dividend of 5.0 cents per share up 33% on pcp representing an 80% pay-out ratio for the year after adjusting for one-off and non-recurring income relating to acquisitions
30 June 2016
$'000
30 June 2015
$'000
Movement
Operating Revenue
144,494
94,632
49,862
Gross Margin
32.5%
31.6%
0.9%
EBITDA excluding one-off items
25,805
15,865
9,940
EBITDA Margin
17.9%
16.8%
1.1%
Reported EBITDA
25,434
14,902
10,532
Reported EPS
12.74 cents
7.87 cents
4.87 cents
FY16 revenue $144.5 million up 53% on pcp including contribution from Symplicit and Phoenix
Average utilisation per consultant increased to 84% from 75% in FY16
Gross margin increased on the higher revenue base to 32.5% and EBITDA margin increased to 17.9%
One-off costs of $0.37 million consisting:
Bank facility set up costs; and
Phoenix transaction costs
$0.75 million income is non-recurring income relating to the acquisition of Symplicit
DWS Limited published this content on 22 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2016 23:23:09 UTC.
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