For personal use only

Size: px

Start display at page:

Download "For personal use only"

Winfred Greene
6 years ago
Views:

1 Results Presentation for Year Ended 3 June August 214 Rene Sugo CEO Agenda Corporate Profile Financial Summary Business Overview 2

Built own fully interconnected national voice network one of only 6 in Australia.

2 Corporate Profile 3 Corporate Profile Founded in 24 and listed in mid 26. Grew from start-up to an independent peer to Tier 1 incumbents in less than a decade. Built own fully interconnected national voice network one of only 6 in Australia. Largest VoIP network in Australia carrying around 3 Billion billed minutes per annum, an estimated market share of 1% of landline minutes market. Multi-brand strategy spans all voice and data market segments: Residential, Business, Enterprise, Government and Wholesale. Industry challenger and disruptor creating new value through technical innovation. 4

3 MyNetFone Group Revenue Streams 5 Financial Summary 6

4 Gross Profit (millions) Revenue (millions) Financial Highlights FY14 Reported Result FY14 FY13 Var % Revenue $59.3M $46.2M +28% Gross Profit $24.3M $17.6M +38% EBITDA $9.M $6.1M +48% Financial Update EBITDA Margin 15.2% 13.3% NPAT $5.8M $4.1M +4% Earnings per Share (EPS) 9.26cps 6.98cps +33% Dividend per Share (DPS) Fully Franked 4.5cps 3.5cps +29% Full year EBITDA of $9.M was 5% ahead of our guidance. During the year we acquired the assets of PennyTel, and since year end we acquired the assets of iboss. Both acquisitions are expected to be earnings accretive in FY15. For full details and commentary, please see the Directors Report as lodged with the ASX on August 12 th Key Metrics Revenue & Margin Revenue ($M) $59.3M $46.2m $38.3M $13.6M FY11 FY12 FY13 FY14 Gross Profit ($M) $24.3M $17.6M $12.8M $5.7M FY11 FY12 FY13 FY14 Revenue growth from both organic and acquisitive growth. Revenue includes full year contribution from GoTalk, CallStream and Connexus acquisitions acquired in December 212. Revenue includes 8 full months of contribution from PennyTel acquisition acquired in October 213. Gross Margin increased to 41% - up from 38% in FY13. Gross Margin increase is due to economies of scale, and shifting product mix into higher margin hosted services such as Virtual PBX. 8

5 Cents Cents NPAT (millions) EBITDA (millions) Key Metrics EBITDA & NPAT EBITDA ($M) $9.M $6.1M $4.4M $1.1M FY11 FY12 FY13 FY14 EBITDA margins increased to 15.2% - up from 13.2% in FY13. EBITDA margin increase is due to shifting product mix into higher margin hosted services, and increased operational efficiencies $1M NPAT ($M) $4.1M $3.1M $5.8M NPAT increased by 4% on FY13. NPAT growth driven by increased revenue, margins and improved economies of scale. FY11 FY12 F13 FY14 9 Earnings Growth Earnings per Share (EPS) 9.26c 6.98c 5.55c 1.91c FY11 FY12 FY13 FY14 Consistent earnings growth for consecutive 4 years. EPS growth inline with NPAT growth. Dilution was negligible Dividend per Share (DPS) 4.5c 3.5c 2.3c 1.3c FY11 FY12 FY13 FY14 Dividend payout at 49% of NPAT, and consistent with historical trends. Dividend is fully franked. 1

6 Investor Metrics Metric Value Number of Shares 62.46M Share Price $2.5 Market Capitalisation $156M FY14 Dividend (full year) 4.5cps (franked) 1. Share price is as COB of the 12 August Dividend information Ex date: 22 August 214 Record date: 26 August 214 Payment date: 11 September Business Overview 12

Organic Growth Strong year-on-year underlying organic growth in subscribers

Wholesale 28% 26% 51% 13 PennyTel Acquisition Review PennyTel Services

2% Expected revenue of $3.5M and EBITDA of $.5M annualised (post synergy).

targeting the tech-savvy, budgetconscious market segment. VoIP Plans 28.

7 Organic Growth Strong year-on-year underlying organic growth in subscribers and services in operation across key segments of Business, Enterprise and Wholesale 28% 26% 51% 13 PennyTel Acquisition Review PennyTel Services Purchased for $32K in October 213. Mobile 8.% Broadband 2.8% Business.2% Expected revenue of $3.5M and EBITDA of $.5M annualised (post synergy). PennyTel is a provider of residential VoIP, Mobile and Broadband services targeting the tech-savvy, budgetconscious market segment. VoIP Plans 28.3% VoIP PAYG 6.7% VoIP PAYG VoIP Plans Mobile Broadband Business Total Services Acquired: 33, 14

8 iboss Acquisition Review Purchased for $1.4M in July 214. Expected revenue of $1M and EBITDA of $2K in first year. Large potential for growth in aggregation and reseller enablement, which is a key component of the Australian telco industry. Provides telco enablement capabilities - the link between service providers and their carriers. Complementary to the Symbio VoIP product offering. Increases the Symbio brand s capabilities to provide wholesale services for up to 126 (1) carriage service providers (CSP) and 22 (2) VoIP providers in Australia. (1) Source (2) Source 15 Multi-Brand Strategy Brand Services Overview Target Market Hosted communications including voice, data & enhanced services Wholesale carriage & VoIP managed services Residential, Business, Enterprise & Government Carriers & Network Operators VoIP, mobile and broadband Tech-savvy, budget-conscious Residential Business internet & valueadded services Business & Enterprise premium market 13, 13, 18 numbers Business cloud market 16

The MNF Differentiator Moving traditional telephony onto the

9 The MNF Differentiator Moving traditional telephony onto the internet Unique technical eco-system with own intellectual property and R&D capabilities. Having in-house capabilities helps to increase Gross Margins as well as control product roadmap. Multi-brand strategy to leverage network assets across multiple sectors. Massive scalability potential with about 5% headroom on existing network assets. Our unique differentiator in the Australian junior telco sector! 17 The MyNetFone Voice Network The biggest VoIP network in Australia. 1% population coverage in Australia, New Zealand and Singapore. One of only 6 fully inter-connected voice carrier networks. 18

Thank you For further information please contact: Rene Sugo, CEO rene.

19 Disclaimer This presentation is provided to you for the sole purpose of

The information in this document will be subject to completion,

accurate representation of any matters that a potential investor should

This document contains forward looking statements which are made in good

However, such forward looking statements are subject to risks,

differ materially from the future results expressed, projected or implied

My Net Fone Limited, its directors, agents officers or employees do not

10 Thank you For further information please contact: Rene Sugo, CEO (2) Did we mention our awards? 19 Disclaimer This presentation is provided to you for the sole purpose of providing background financial and other information on My Net Fone Limited (ASX:MNF). The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities. The information in this document will be subject to completion, verification and amendment, and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating My Net Fone Limited. This document contains forward looking statements which are made in good faith and are believed to have reasonable basis. However, such forward looking statements are subject to risks, uncertainties and other factors which could cause the actual results to differ materially from the future results expressed, projected or implied by forward looking statements. My Net Fone Limited, its directors, agents officers or employees do not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, representations or forecasts contained in this presentation and do not accept any liability for any statement made or omitted from this summary. My Net Fone Limited are not under any obligation to update any information contained in this presentation. 2

Annual General Meeting 27 th October 2015

Annual General Meeting 27 th October 2015 Rene Sugo - CEO Agenda Financial Summary Forecast Building for Growth Business Overview 2 1 Financial Summary 3 Financial Highlights FY15 Reported Result FY15