Investor presentation KBC Advanced Technologies plc Year ended 31 December 2014
HIGHLIGHTS Solid year of strategic, operational and financial performance Revenues up 17% to 76.0m (2013: 65.1m) Adjusted profit before tax up 13% to 9.5m (2013: 8.4m) Reported profit before tax down 6% at 6.7m (2013: 7.1m) Adjusted…
DELIVERED RESULTS 2014 Adjusted profit before tax (m) Revenue (m) Revenues up 17% to 76.0m 9.5m 76.0m 9.5 76.0 Adjusted PBT up to 9.5m from 8.4m 14 14 13 8.4 13 65.1 63.1 Adjusted PBT margin of 13% 12 5.8 12 11 5.9 11 55.7…
CONSULTING IMPROVEMENT Revenue growth of 17% year on year 4% operating profit in 2014 from 3% in 2013 (loss making in 2012) Targeted larger, higher quality revenue, multidisciplinary contracts Quality delivery and measurement…
TECHNOLOGY RECORD BREAKING Record year of 21.0m revenue Revenue growth of 17% year on year Recurring revenue up to 9.0m from 7.8m FEESA and Infochem acquisitions accretive Solid growth in upstream software awards 3.3m contract…
STRENGTH IN TECHNOLOGY CONTRACTED PIPELINE Pipeline of contracted work by segment Revenue by segment full year 2014 full year 2014 28% 35% Consulting Consulting 65% Technology Technology 72% Pipeline of contracted work by…
2015 MARKET OUTLOOK There is uncertainty in the market outlook for 2015. KBC is acting early in the year to adjust to much tighter market conditions and continues to reshape its business for profit and quality of earnings KBC has…
THE OIL PRICE QUESTION KBCs market opportunities More clients focused on optimising what they have Operational Excellence practices are in high demand Strategic and economic analysis of large CAPEX projects As oil companies reduce…
INCOME STATEMENT ANALYSIS YEAR ENDED 31 DECEMBER 2014 12 months to 12 months to 31 Dec 2014 31 Dec 2013 000 000 Operating profit 7,163 7,389 Amortisation of acquisition intangibles 2,064 1,424 Research and development costs carried…
SUMMARISED GROUP INCOME STATEMENT YEAR ENDED 31 DECEMBER 2014 12 months to 12 months to 31 Dec 2014 31 Dec 2013 000 000 Revenue 75,954 65,080 Operating profit 7,163 7,389 Net finance cost (492) (268) Profit before tax 6,671…
SUMMARISED GROUP CASH FLOW STATEMENT YEAR ENDED 31 DECEMBER 2014 12 months to 12 months to 31 Dec 2014 31 Dec 2013 000 000 Cash generated from operations (2,662) (352) Advance contract payments 12,287 Adjusted cash generated from…
EFFECTIVE TAX RATE (ETR) LOWERED Normalised ETR (%) Normalised ETR improved from 39% 42% in 2013 to 39% in 2014 2014 39% On face of Income statement, 42% 2013 ETR has increased from 22% to 2012 68% 39% due to one-off tax credits…
KBC Strategy in action 2015
INCREASING SHAREHOLDER VALUE Be a technology leader supported by Consulting Increase high quality software revenue mix Secure profit and cash flow from Consulting Productise and sell KBCs consulting knowledge Improve utilisation…
INCREASING SHAREHOLDER VALUE Performance culture Partner model success in Consulting awards and execution Commission based sales model for Technology business High quality image and brand Command premium prices and repeat…
THE FUTURE OF KBC Focus KBC on a valuation target Investment in Sales & Marketing Compass Sales & to monetise Technology Strengthen KBC as a Technology brand North Marketing Establish resellers and incentivise business…
CONCLUSION Solid 2014, good strategic progression Record Technology revenue Good momentum and start to 2015 Healthy pipeline of contracted work Difficult market but good opportunities Contingency actions and plans in place Clear…
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