DWS : H1 FY17 Results Presentation

For personal use only

DWS Limited

2017 Half Year Results Presentation

For personal use only

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

Results Highlights

Half Year Results - Summary Review

Capital Management

Operations Update

Summary and Outlook

DWS Service Offering

Questions

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• H1 FY17 NPAT of $9.065 million up 19% on pcp

• H1 FY17 EBITDA up 13% to $13.65 million

• EPS of 6.88 cents showing growth of 19% (5.76 cents in pcp)

• Increased contribution from Symplicit as a result of higher demand for digital and customer led innovation services from clients

• Strong utilisation particularly in Victoria, NSW and Queensland and tight cost controls across the Group

• Balance sheet remains sound and liquid with

  $9.52 million of cash at 31 December 2016

• Net debt of $12.48 million ($13.84 million at

  30 June 2016)

• Interim fully franked dividend of 5.0 cents per share up 5.3% on pcp representing a payout ratio of 73%

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  H1 FY17 ($'000)	H1 FY16 ($'000)	Movement
  Revenue from continuing operations	73,739	68,173	5,566
  Gross Margin	32.98%	31.6%	1.38%
  EBITDA from continuing operations	13,652	12,082	1,570
  EBITDA Margin	18.5%	17.7%	0.8%
  Reported EBITDA	13,652	11,739	1,913
  Reported NPAT excl OEI	9,065	7,597	1,468
  Reported EPS	6.88 cents	5.76 cents	1.12 cents

  • H1 FY17 revenue $73.74 million up 8% on pcp showing good organic growth

  • Average utilisation per permanent consultant 81% (75% H1 FY16)

  • EBITDA margin improved to 18.5%

    from 17.7%

  • H1 FY17 Reported EBITDA (excluding one-off items) up 16.3% to $13.65 million

  • H1 FY17 NPAT of $9.065 million up

    19% on pcp

  • Gross margin and EBITDA margin increased on the higher revenue base