2006 Q1 Financial Results Presenters: Simon Loh, Managing Director - - PowerPoint PPT Presentation

2006 q1 financial results
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2006 Q1 Financial Results Presenters: Simon Loh, Managing Director - - PowerPoint PPT Presentation

2006 Q1 Financial Results Presenters: Simon Loh, Managing Director Jonathan Soon, Executive Director of Corporate Affairs Yap Chih Min, General Manager of Finance Disclaimer The presentation (in this projected form and as verbally presented)


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2006 Q1 Financial Results

Presenters: Simon Loh, Managing Director Jonathan Soon, Executive Director of Corporate Affairs Yap Chih Min, General Manager of Finance

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SLIDE 2

Disclaimer

The presentation (in this projected form and as verbally presented) (Presentation) is provided on the basis that none of e-pay Asia Limited (“the Company”) nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation is, or may be relied upon as, a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law. The Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties, and may differ materially from results ultimately achieved. The Presentation contains "forward-looking statements". All statements other than those of historical facts included in the Presentation are forward-looking statements including, without limitation, (i) estimates of future earnings; (ii) estimates of future cash costs; (iii) estimates of future cash flows; and (iv) estimates of future capital expenditures. Where the Company expresses or implies and expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of the Presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate professional advice in reviewing the Presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the

  • Company. Neither the provision of the Presentation nor any information contained in the Presentation or subsequently

communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investment advice to any person. The Presentation does not relate to any securities which will be registered under the United States Securities Act of 1933 nor any securities which may be offered or sold in the United States or to a U.S. person unless registered under the United States Securities Act of 1933 or in a transaction exempt from registration.

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  • Business Overview
  • 2005 Financial Highlights
  • 2006 Q1 Financial Report
  • Next quarter and beyond
  • 2006 Earnings Guidance

Upgrade

Contents

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Business Overview

A proven business model that makes money

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  • Incorporated in Australia

(Oct 1999)

  • Listed on ASX & AIM

(Stock code: EPY)

  • Market Capitalisation approx.

A$77 million

(as at 2 May 2006)

  • 200 employees; offices in

Malaysia (HQ), Sydney, Indonesia, Pakistan.

  • Financial year end – 31st Dec

Introduction

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  • Largest regional provider of

prepaid mobile top up in South East Asia

  • Agreements with 13 mobile
  • perators in 4 countries
  • Retail e-payments network of

10,000 POS Terminals

  • Direct sales network of 10,000

Mobile/SMS Agents

  • 70 million+ transactions/ A$376

million sales in 2005

One of Asia’s fastest growing e-payments company

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Mobile Top Up Process

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Group Structure

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2005 Financial Highlights

5 Years of consistent profit growth

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2005 Financial Highlights

  • Revenue of A$376 million

(up 94% from 2004)

  • EBITDA of A$6.4 million

(up 92% from 2004)

  • EBIT of A$5.6 million

(up 101% from 2004)

  • Net Profit after tax of A$4.4 million

(up 136% from 2004)

  • Net Earnings (after minority interests) of A$2.7 million

(up 156% from 2004)

Note: e-pay changed is financial year from ending 31 March to ending 31 December at the start of 2006. The above financials have been re-presented on a calendar year basis.

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Sales increased on average 50% per annum over 5 years

  • 50,000

100,000 150,000 200,000 250,000 300,000 350,000 400,000 2001 2002 2003 2004 2005 A$/ Units in thousands

Number of t ransact ions Revenue

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SLIDE 12

5 years of consistent profit growth

1,000 2,000 3,000 4,000 5,000 6,000 7,000 2001 2002 2003 2004 2005 A$/ Units in thousands

Net Earnings (aft er minorit y int erest s) EBITDA

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2005 Business Highlights

  • Total prepaid sales reached 70 million mobile top up

transactions

(up 133% from 2004)

  • Retail network reached 10,000 Terminal Points of Sale

(up 117% from 2004)

  • Distributor network reached 10,000 Mobile/SMS Agents

(up 129% from 2004)

  • e-pay Pakistan revenues exceeds US$5 million

(up 4000% from 2004)

  • Signed US$21 million reverse take over deal with

SkyNetGlobal Limited

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2006 Q1 Financial Report

5 Years of consistent profit growth

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2006 Q1 Financial Highlights

  • Revenue of A$136.6 million

(up 88% from 2005 Q1)

  • EBITDA of A$2.95 million

(up 156% from 2005 Q1)

  • Net Profit after tax of A$2.24 million

(up 120% from 2005 Q1)

  • Net Earnings (after minority interests) of A$1.33 million

(up 138% from 2005 Q1)

  • Gross profit margin of 3.37%

(up 9.42% from 2005 Q1)

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Sales increased on average 21% per quarter over last 12 months

  • 20,000

40,000 60,000 80,000 100,000 120,000 140,000 160,000 2005 Q2 2005 Q3 2005 Q4 2006 Q1 A$/ Units in thousands

Number of t ransact ions Revenue

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Profit grew consistently over last 4 quarters

  • 500

1,000 1,500 2,000 2,500 3,000 2005 Q2 2005 Q3 2005 Q4 2006 Q1 A$/ Units in thousands

Net Earnings (aft er minorit y int erest s) EBITDA

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2006 Q1 Business Highlights

  • Total prepaid sales reached 22 million mobile top up

transactions

(up 76% from 2005 Q1)

  • Retail distribution network reached 10,000 Terminal Points of

Sale

(up 81% from 2005 Q1)

  • Direct sales network expanded to 10,000 Mobile/SMS Agents

(up 200% from 2005 Q1)

  • Achieved 1% market share milestone in Indonesia

47 million prepaid mobile subscribers worth A$548 million

  • Completion of reversed take over and stock re-listed on ASX

and AIM.

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Next quarter and beyond

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  • New revenue streams
  • Prepaid mobile top up system for

Chinese markets

  • Multi level direct sales program for

Mobile Agent network

  • Internet mobile top up channel

(55 million internet users in our 4

  • perating markets.)

What's in the Pipeline

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2006 Earnings Guidance Upgrade

“The Directors are pleased to revise upward its 2006 Earnings forecast by 20% to A$6 million from its initial forecast of A$5 million as provided in the Company’s prospectus issued in December 2005.”

Board of Directors e-pay Asia Limited