FY14 and Our Road Ahead September 2014 Financial Snapshot FY14 - - PowerPoint PPT Presentation

FY’14 and Our Road Ahead

September 2014

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FY14 FY13 % Change Normalised FY14* % Change

Revenue (OTC) $43.3m $48.5m

• 10.7%

$43.3m

• 10.7%

Revenue (Statutory) $31.8m $36.2m

• 12.3%

$31.8m

• 12.3%

EBITDA $9.7m $11.1m

• 13.1%

$10.3m

• 7.2%

EBIT $7.4m $9.0m

• 17.7%

$8.0m

• 11.1%

NPBT $7.4m $8.9m

• 17.5%

$8.0m

• 10.1%

NPAT $5.0m $6.4m

• 21.7%

$5.6m

• 12.9%

EPS 21.0c 26.9c

• 21.9%

23.6c

• 12.4%

DPS 14.5c 18.5c

• 21.6%

14.5c n/a

Financial Snapshot

*Normalised Earnings represents Earnings stated in accordance with A-IFRS after excluding c.$0.6m of non-recurring expenses (stamp duty and legal fees) in relation to acquisitions. Normalised Earnings is a non‐IFRS financial performance measure.

5 10 15 20 25 30 1H'13 2H'13 1H'14 2H'14

$M

Revenue OTC Revenue

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• 1H’13 CDDS anomaly (closed 30 Nov 2013)
• Dental Fiscal Cliff 2H’13
• Increased revenue in each HY from 2H’13

2H’14 Continued Growth off Baseline

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EBITDA Operating Margins

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

EBITDA / Revenue EBITDA / OTC Revenue

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• OTC Revenue 5 year Compound Growth: 9.4% (FY10-FY14)
• OTC Revenue 5 year Compound Growth: 21.1% (FY09-FY13)

10 20 30 40 50 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

$M

Revenue OTC Revenue ASX Listing ↓

Revenue

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• Total Cash Dividends $24.7m vs Total Capital Raised $12.5m

0.8 3.6 3.4 4.0 5.4 6.5 7.5 8.6 10.0 6.5 3.0 3.4 3.4 4.5 6.0 7.2 8.0 9.2 8.5 8.0

0.0c 5.0c 10.0c 15.0c 20.0c '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

Final Dividend Interim Dividend

Franked Dividends

20 40 60 80 100 120 140 160 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

$M

Enterprise Value Total Assets

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• Key Focus – Increasing the spread between the value of the company and the

value of assets employed

• $140.5m (30/6/14) of EV vs $38.8m of assets = $101.7m spread (262% increase)

$102m Spread

Increasing Shareholder Wealth

1300SMILES Limited Letter from the Managing Director 30 June 2014 8

1300SMILES ANNUAL REPORT 2014

Youth With A Mission YWAM continues to deliver medical, dental and optical services on an extraordinary scale directly to remote areas of Papua New Guinea which for the most part have no other medical care available. I am joined by many 1300SMILES staff and dentists who have volunteered their time and effort both on board the ship and in other capacities. As a company, we support and encourage this generosity on the part of our people.

1300SMILES Limited Letter from the Managing Director 30 June 2014 9

1300SMILES ANNUAL REPORT 2014

YWAM’s latest initiative, called “Overcoming the Impossible,” aims to raise the remaining $5 million required to convert a former cruise ship into its primary operating vessel, known as M.V. Ammari. I personally am proud to assist YWAM with this effort. OLD SHIP – Pacific Link NEW SHIP – MV Ammari I am especially pleased to invite all shareholders to take the opportunity to visit YWAM’s new ship during the Overcoming the Impossible Tour. The ship will call in at ten ports between Cairns and Sydney between August and

• December. I urge you to come aboard and have a tour. You will be amazed by the facilities, and the generosity of the

volunteer crew will leave you speechless. For more information and details please visit their website at www.ywamships.org.au

$6.5m

1300SMILES Limited Letter from the Managing Director 30 June 2014 10

1300SMILES ANNUAL REPORT 2014

Most recently we announced that five percent of the ongoing payments received from all new members in our $1-a- day Dental Care Plan will be donated to YWAM Medical Ships. This ongoing funding will assist YWAM to address critical oral health problems in some of PNG’s most remote and vulnerable communities.

Thank you Q & A

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Disclaimer

This presentation contains forward looking statements, which may be subject to significant uncertainties outside of 1300SMILES’ control. No representation is made as to the accuracy or reliability of these forecasts or the assumptions on which they are based. Actual future events may vary from these forecasts.