Iomart end-of-financial-year-presentation - 2015 final

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Highlights

Transcript of Iomart end-of-financial-year-presentation - 2015 final

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iomart

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UK Data Centres

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Global Reach

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What we do

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Highlights –Year to March 2015

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Financial Highlights –Year to March 2015

Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costs.Adjusted PBT means profits before tax, depreciation, amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in the previous period and mark to market adjustments on interest rate swaps and acquisition costs.Adjusted diluted EPS means basic EPS before amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in previous period, mark to market adjustments on interest rate swaps, acquisition costs and the tax effect of these adjustments.

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Group Income Statement – March 2015

Mar-15 Mar-14 Growth

£’000 £’000

Revenue 65,797 55,618 18%

Adjusted EBITDA 29,053 23,611 23%

Adjusted EBITDA% 44.2% 42.5%

Pre-tax profit 10,785 9,715 11%

Taxation charge 1,890 1,995 -5%

Taxation % rate 17.5% 20.54% -5%

Profit after tax 8,895 7,720 15%

Adjusted pre-tax profit

16,613 14,612 14%

Adjusted pre-tax profit %

25.2% 26.2%

Adjusted diluted EPS

12.63p 10.85p 16%Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costsAdjusted diluted EPS means basic EPS before amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in previous period, mark to market adjustments on interest rate swaps, acquisition costs and the tax effect of these adjustments.

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Other Financial Highlights –Year to March 2015

Adjusted PBT means profits before tax, depreciation, amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in the previous period and mark to market adjustments on interest rate swaps and acquisition costs.Adjusted diluted EPS means basic EPS before amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in previous period, mark to market adjustments on interest rate swaps, acquisition costs and the tax effect of these adjustments.

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Group Revenue & Adjusted EBITDA 5 Years to March 2015

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 -

10,000

20,000

30,000

40,000

50,000

60,000

70,000

RevenueAdjusted EBITDAOperating Cash-flow

106%

£’000

(Number shown EBITDA %)

26.3%33.4%

38.3%

42.5%

44.2%

Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costs

(Number shown is conversion %)

86%

90%

102%94%

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Growth Track Record - 5 Years to March 2015

2011 2012 2013 2014 2015 -

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Revenue(£m) - CAGR 28.0%

2011 2012 2013 2014 2015 -

5,000

10,000

15,000

20,000

25,000

30,000

Adjusted EBITDA (£m) - CAGR 44.6%

2011 2012 2013 2014 20150.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

Adjusted diluted EPS (p) - CAGR 38%

£000s

£000s

p

Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costs.Adjusted diluted EPS means basic EPS before amortisation charges on acquired intangible assets, share based payment charges, accelerated write off of arrangement fees in previous period, mark to market adjustments on interest rate swaps, acquisition costs and the tax effect of these adjustments.

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Strong Business Model

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Market Analysis

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The Opportunity

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Why iomart?

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KPIs

Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costs.Adjusted diluted EPS means basic EPS before amortisation charges on acquired intangible assets, share based payment charges, mark to market adjustments on interest rate swaps, acquisition costs and the tax effect of these adjustments.

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Outlook

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Group Balance Sheet – March 2015

Mar-15 Mar-14

£’000 £’000

ASSETS/LIABILITIES

Tangible assets 34,846 32,533

Intangible assets 66,383 64,367

Lease deposit 2,416 2,416

Trade and other receivables 11,389 7,696

Deferred tax (2,087) (2,443)

Cash/(Debt) (15,394) (19,819)

Deferred income (5,475) (5,677)

Other current liabilities (14,606) (11,349)

Consideration due (1,650) (1,271)

Non-current liabilities (3,143) (1,566)

Net Assets 72,679 64,887

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Cashflow Statement – March 2015

  Mar-15 Mar-14

  £’000 £’000

Adjusted EBITDA (pre SBP, acquisition costs and int adj) 29,053 23,611

Operating cash flow 27,206 23,990

Capital Expenditure (tangible and intangible) (12,951) (13,041)

Finance Lease drawdown 640 894

Capital Expenditure working capital 1,261 65

Reinstatement Provision - 429

Acquisitions in period (including debt repayment and shares issued) (2,445) (24,747)

Contingent/deferred consideration (1,271) (326)

Bank loan/(repayment) drawdown (net) (8,500) 20,997

Repayment of finance leases (1,245) (1,384)

Share issue (excluding issues for acquisition) 13 154

Dividend (1,867) (1,483)

Development costs capitalised (1,041) (557)

Corporation tax (3,212) (2,277)

Net interest (1,266) (1,081)

Net cash outflow (4,678) 1,633

Adjusted EBITDA means earnings before interest, tax, depreciation, amortisation charges, share based payment charges and acquisition costs