Metrofile : Results presentation for the six months ended 31 December 2021

Results for the year ended 30 June 2021

Pfungwa Serima / Shivan Mansingh

15 September 2021

Agenda

Welcome and introduction	Pfungwa Serima
Update on key priorities	Pfungwa Serima
Strategy update	Pfungwa Serima
Financial and operational results	Shivan Mansingh
Outlook	Pfungwa Serima

2

FY21 key priorities and achievements

1

Physical

storage

2

Rationalise operations

3

Drive digital

offering

4

5

Internal IT

Financial

solutionsmetrics

• High customer retention
• Good box growth achieved in East Africa and Middle East
• Reduction in service related box revenue such as handling fees due to less retrievals

•	Successful execution	•	Improvement in digital	•	Continued enhancement	• Extensive cost reduction
	of various cost saving		services revenue by		of cyber security	exercise has ensured
	initiatives		23% year-on-year	•	Key IT foundational	improvement in margins
•	Significant reduction	•	Successful launch of		infrastructure components	• Key focus on capital
	in capex due to		Metrofile Vysion which		have been built to support	allocation as well as
	improvement in		has already started to		future business	working capital
	warehouse capacity		deliver on key contracts		requirements	management has resulted
	management		won			in a significant reduction
		•	Significant improvement			in net debt
			and revenue growth
			achieved in the Middle
			East from digital
			automation contracts

3

Revenue drivers - FY21 (R'000)

57 571	57 001
6%	6%
146 610	133 404
16%	15%

	FY21			FY20
	Total revenue		124 708	Total revenue
	R933 465		R903 272
153 072	576 212	14%
16%		62%		588 160
				65%

Secure	Digital	Products and	Business support
storage	services	solutions	services

• Secure storage contributed 62% to revenue down 2% due to reduction in service-related revenue
• Improvement in core storage revenue due to improved price mix
• Digital services contributed 16%, up 23% due to increased digital work flow solutions and increased number of images processed
• Additional digital work in Middle East
• Positive contribution from Metrofile Vysion which provides digital work flow solutions and enhanced our core capabilities in providing value to customers
• Products and solutions and Business support services contributed 16% (up 10%) and 6% (up 1%) respectively

4

Strategy