Investor Presentation: Six months to 31 December 2009 DWS Advanced Business Solutions Ltd Results Released: 15 February 2010 Danny Wallis Lachlan Armstrong DWS Investor Presentation Chief Executive Officer Chief Financial Officer Proven model > Spirited culture > Sustainable performance
H 1 2010 Highlights Strong H 1 results in a continued uncertain environment Record H 1 Performance • H 1 revenue up 10% • H 1 EBITDA up 28% • Growth in consulting staff numbers Financial strength • Strong balance sheet with zero debt • Solid dividend return • Cautious optimism about H 2 Operating Highlights for H 1 2010 • Completion of acquisition of Graeme V Jones & Associates • Continued growth in both Brisbane and Adelaide • Return to growth of Sydney operations • Strong H 1 result in Melbourne DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
Strong H 1 Operating Results Record financial results Increased revenue H 1 2010 $’ 000 H 1 2009 $’ 000 % Increase Revenue from continuing operations 48, 122 43, 657 10% EBITDA 13, 403 10, 467 28% 24% Margin Earnings 9, 254 Dividend per share (fully franked) DWS Investor Presentation 28% 7. 0 cents EPS 7, 224 5. 48 cents Record H 1 EBITDA Improved margin performance 28% 5. 0 cents 3. 5 cents Proven model > Spirited culture > Sustainable performance 43% Solid return for investors
Strong H 1 Operating Results Continued growth in operating revenues $ 100 $- DWS Investor Presentation $ 44 H 2, . 48 2009 Proven model > Spirited culture > Sustainable performance . 12 $ 48 H 1, . 82 $ 43 . 45 $ 34 2007 H 1, $ 10 $ 43 $ 20 H 1, $ 30 . 86 $ 40 H 2, $ 50 $ 28 $ 60 H 1, Revenue ($M) $ 70 H 2, . 77 $ 80 . 69 $ 90 2010
Strong H 1 Operating Results Improved EBITDA performance $ 30 . 09 H 1, $13. 40 H 1, $10. 47 H 2, $13 $12. H 1, $9. 5 7 66 $ 10 $5 H 2, $13 $ 15 H 2, EBITDA ($M) $ 20 . 93 . 46 $ 25 $2007 DWS Investor Presentation 2008 2009 Proven model > Spirited culture > Sustainable performance 2010
Strong H 1 Operating Results Maintaining a Strong Balance Sheet Dec 2009 $’ 000 June 2009 $’ 000 Cash 10, 987 12, 155 Debtors 15, 668 18, 330 4, 951 1, 191 61, 687 61, 590 Nil Record H 1 Revenue Increased revenue Nil WIP Total Assets Borrowings Total Liabilities NTA per share DWS Investor Presentation 9, 660 53, 412 Net Assets 8, 275 51, 930 20. 44 cents 20. 31 cents Proven model > Spirited culture > Sustainable performance Strong delivery pipeline Zero debt Continued growth in Net Assets
Strong H 1 Operating Results Strong cash flow Dec 2009 $’ 000 Dec 2008 $’ 000 Opening cash balance 12, 155 7, 570 Cash flow from operations 12, 928 12, 347 Tax Paid (5, 377) (4, 200) Capital Asset Purchases (137) (128) Acquisition Costs (800) (432) (7, 929) (7, 316) - (1, 325) 147 203 10, 987 6, 719 Dividends Paid Share Buy Back Interest Income & Other Closing Cash balance DWS Investor Presentation Proven model > Spirited culture > Sustainable performance Continued growth in free cash generation GVJ Acquisition Strong dividend return
Strong H 1 Operating Results STAFF 31 Dec 09 30 Jun 09 497 488 Consulting staff Total chargeable Office staff Management 11 10 BD/Sales 12 15 23 5 20 0 51 45 548 533 Other – DWS GVJ Total office GRAND TOTAL DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
Strong H 1 Operating Results Interim Dividend – consistent return for shareholders Interim Dividend Record Date 15 March 2010 Expected Payment Date DWS Investor Presentation $0. 05 per ordinary share 6 April 2010 Proven model > Spirited culture > Sustainable performance
Stronger Internal Operations • Additional back – office capacity created • Management succession plan • Improved IT platform and network DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
Sustainable Growth Revenue by Sector - Sustainable growth H 1 2010 DWS Investor Presentation Proven model > Spirited culture > Sustainable performance FY 2009
Graeme V Jones & Associates Acquisition • Aligns to strategy of opportunistically acquiring underperforming businesses where there is a strategic fit • Major focus in SAP & People. Soft space • Discard unwanted components and provide strategic input and support from DWS • Complementary base of clients in both government and corporate sectors • Strong cross selling opportunities • Will be earnings accretive in 2011 and beyond DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
Acquisitions • Opportunistically acquire underperforming businesses • Also look to make other acquisitions • Geographic expansion • Technology fit • Complementary client base DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
H 2 2010 Outlook DWS looks forward to continued success for H 2 2010 • Cautiously optimistic about H 2 2010 • While overall economy is showing signs of improvement we are hesitant to suggest that the business environment has fully recovered and there are still some concerns for H 2 2010 • Caution on unrealistic expectations and predictions based solely on H 1 results • DWS is in the very strong position of being able to fully maximise all opportunities that may present themselves in the future DWS Investor Presentation Proven model > Spirited culture > Sustainable performance
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