For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13...

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Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo – CEO Agenda Corporate Profile Financial Summary Business Overview 2 For personal use only

Transcript of For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13...

Page 1: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

Results Presentationfor Year Ended 30 June 2014

13 August 2014

Rene Sugo – CEO

Agenda

Corporate Profile

Financial Summary

Business Overview

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Page 2: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

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Corporate Profile

Corporate Profile

Founded in 2004 and listed in mid 2006.

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 10% 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.

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Page 3: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

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MyNetFone Group Revenue Streams

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Financial Summary

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Page 4: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

Financial Highlights FY14

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Financial Update

Reported Result FY14 FY13 Var %

Revenue $59.3M $46.2M +28%

Gross Profit $24.3M $17.6M +38%

EBITDA $9.0M $6.1M +48%

EBITDA Margin 15.2% 13.3%

NPAT $5.8M $4.1M +40%

Earnings per Share (EPS) 9.26cps 6.98cps +33%

Dividend per Share (DPS) Fully Franked 4.5cps 3.5cps +29%

Full year EBITDA of $9.0M 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 12th 2014.

Key Metrics – Revenue & Margin

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Revenue growth from both organic and acquisitive growth.

Revenue includes full year contribution from GoTalk, CallStream and Connexusacquisitions – acquired in December 2012.

Revenue includes 8 full months of contribution from PennyTel acquisition –acquired in October 2013.

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.

$13.6M

$38.3M$46.2m

$59.3M

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Revenue ($M)

$5.7M

$12.8M

$17.6M

$24.3M

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Page 5: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

Key Metrics – EBITDA & NPAT

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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.

NPAT increased by 40% on FY13.

NPAT growth driven by increased revenue, margins and improved economies of scale.

$1.1M

$4.4M

$6.1M

$9.0M

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FY11 FY12 FY13 FY14

EBIT

DA

(m

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EBITDA ($M)

$1M

$3.1M

$4.1M

$5.8M

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NPAT ($M)

Earnings Growth

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Consistent earnings growth for consecutive 4 years.

EPS growth inline with NPAT growth. Dilution was negligible.

1.91c

5.55c6.98c

9.26c

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Earnings per Share (EPS)

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Dividend per Share (DPS) Dividend payout at 49% of NPAT, and consistent with historical trends.

Dividend is fully franked.

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Page 6: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

Metric Value

Number of Shares 62.46M

Share Price $2.50

Market Capitalisation $156M

FY14 Dividend (full year) 4.5cps (franked)

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Investor Metrics

1. Share price is as COB of the 12 August 2014.

2. Dividend information –

Ex date: 22 August 2014

Record date: 26 August 2014

Payment date: 11 September 2014

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Business Overview

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Page 7: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

Organic Growth

Strong year-on-year underlying organic

growth in subscribers and services in

operation across key segments of Business,

Enterprise and Wholesale

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26%

51%

28%

PennyTel Acquisition Review

Purchased for $320K in October 2013.

Expected revenue of $3.5M and EBITDA of $0.5M annualised(post synergy).

PennyTel is a provider of residential VoIP, Mobile and Broadband services targeting the tech-savvy, budget-conscious market segment.

Total Services Acquired: 33,000

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VoIP PAYG60.7%

VoIP Plans28.3%

Mobile8.0%

Broadband2.8% Business

0.2%

PennyTel Services

VoIP PAYG

VoIP Plans

Mobile

Broadband

Business

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Page 8: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

iBoss Acquisition Review

Purchased for $1.4M in July 2014.

Expected revenue of $1M and EBITDA of $200K 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 SymbioVoIP product offering.

Increases the Symbio brand’s capabilities to provide wholesale services for up to 1260(1) carriage service providers (CSP) and 220(2)

VoIP providers in Australia.

15(1) Source www.tio.com.au, (2) Source www.marketclarity.com.au

Multi-Brand Strategy

Brand Services Overview Target Market

Hosted communicationsincluding voice, data & enhanced services

Residential, Business, Enterprise & Government

Wholesale carriage & VoIP managed services

Carriers & Network Operators

VoIP, mobile and broadband Tech-savvy, budget-conscious Residential

Business internet & value-added services

Business & Enterprise premium market

13, 1300, 1800 numbers Business cloud market

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Page 9: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

The MNF DifferentiatorMoving traditional telephony onto the internet

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Our unique differentiator in the Australian junior telco sector!

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 50% headroom on existing network assets.

The MyNetFone Voice Network

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The biggest VoIP network in Australia.

100% population coverage in Australia, New Zealand and Singapore.

One of only 6 fully inter-connected voice carrier networks.F

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Page 10: For personal use only - ASX2014/08/13  · Results Presentation for Year Ended 30 June 2014 13 August 2014 Rene Sugo –CEO Agenda Corporate Profile Financial Summary Business Overview

For further information please contact:Rene Sugo, CEO

[email protected]

(02) 9994 8590

Did we mention our awards?

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Thank you

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.

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