- Navitas reported revenue growth of 19% for the first half of FY14 compared to the prior corresponding period, with revenue reaching $421.9 million. EBITDA increased 6% to $63.2 million.
- The University Programs division saw a 20% increase in revenue to $243.2 million and a 12% increase in EBITDA to $58.4 million, with enrolment growth across all key regions. Two new colleges were opened in the period.
- SAE revenue increased 22% to $68.1 million due to growth in the US and Germany, while EBITDA declined 29% to $9.0 million due to investments in US operations.
Navitas FY13 full year results presentationJames Fuller
The document provides financial results for Navitas for the full year ended 30 June 2013. Key highlights included total group revenue increasing 6% to $731.7 million and EBITDA increasing 3% to $130 million. Net profit after tax was up 2% to $74.6 million. All three core divisions - University Programs, SAE, and Professional and English Programs - saw revenue growth. The results demonstrated the company's continued growth and diversification.
This document is a presentation from Steadfast Group Limited's investor day on June 17, 2015. It provides an overview of Steadfast Group Limited, including that it is the largest general insurance intermediary in Australasia. It discusses Steadfast's business strategy, DNA, and the roles and initiatives of the Partners & Broker Services team and Business Development team to continue growing organically within the Steadfast network.
Robert Kelly and Stephen Humphrys presented Steadfast Group's financial results for FY2016. Key highlights included strong earnings growth, with underlying NPATA up 45% and underlying cash EPS up 12%. Statutory NPATA was up 67%. The results demonstrated solid organic performance and growth from acquisitions. Steadfast provided FY2017 underlying NPATA guidance of $85-90 million, assuming flat market conditions.
The changing environment for retirement incomenetwealthInvest
The document discusses changes to the legislative environment for retirement income in Australia. Some of the key changes discussed include:
- New rules for assessing lifetime income streams under the assets and income tests from July 2019 which provide more clarity and flexibility.
- Products called innovative superannuation income streams which have more flexible withdrawal terms but are assessed more favorably under the assets test.
- Combining different income streams like account-based pensions and lifetime annuities can help provide more stable retirement income and allow retirees to better manage risks.
- Structuring retirement income using a combination of income streams is important given longevity risks and volatility in investment returns that make it difficult to rely solely on investments or the age pension.
Mwana Africa is a pan-African mining company with gold, nickel, copper, and diamond assets in Zimbabwe and South Africa. In Zimbabwe, Mwana operates the Freda Rebecca gold mine and owns 76% of Bindura Nickel Corporation, which includes nickel mines, a smelter, and refinery. Freda Rebecca has over 5 years of production remaining and is focused on increasing throughput. Recent drilling at BNC's Trojan mine identified a large, high grade orebody that could extend the mine life beyond 10 years. Mwana has delivered improved financial results in 2014 and is focused on operational performance and cost control across its assets.
Veda Group Limited reported strong financial results for the full year 2015, with revenue increasing 12.2% and EBITDA growing 12.0% compared to the prior year. Business lines performed well due to growth in consumer risk and identity verification solutions as well as higher value commercial products. Veda will continue pursuing its strategic initiatives of using data and analytics to create customer insights, opening new market opportunities such as comprehensive credit reporting, and delivering innovation.
The document provides information on workforce management solutions from Access Financial in various African countries. It includes payroll services, work permit processing times and requirements, taxation details, social security contributions, and typical staff retentions for contractors working in Kenya, Ghana, South Africa, Nigeria, and Tanzania. Access Financial can assist with work and residence permits, accommodation, banking, insurance, and other services for contractors across Europe, Africa, Asia, and Russia.
Navitas FY13 full year results presentationJames Fuller
The document provides financial results for Navitas for the full year ended 30 June 2013. Key highlights included total group revenue increasing 6% to $731.7 million and EBITDA increasing 3% to $130 million. Net profit after tax was up 2% to $74.6 million. All three core divisions - University Programs, SAE, and Professional and English Programs - saw revenue growth. The results demonstrated the company's continued growth and diversification.
This document is a presentation from Steadfast Group Limited's investor day on June 17, 2015. It provides an overview of Steadfast Group Limited, including that it is the largest general insurance intermediary in Australasia. It discusses Steadfast's business strategy, DNA, and the roles and initiatives of the Partners & Broker Services team and Business Development team to continue growing organically within the Steadfast network.
Robert Kelly and Stephen Humphrys presented Steadfast Group's financial results for FY2016. Key highlights included strong earnings growth, with underlying NPATA up 45% and underlying cash EPS up 12%. Statutory NPATA was up 67%. The results demonstrated solid organic performance and growth from acquisitions. Steadfast provided FY2017 underlying NPATA guidance of $85-90 million, assuming flat market conditions.
The changing environment for retirement incomenetwealthInvest
The document discusses changes to the legislative environment for retirement income in Australia. Some of the key changes discussed include:
- New rules for assessing lifetime income streams under the assets and income tests from July 2019 which provide more clarity and flexibility.
- Products called innovative superannuation income streams which have more flexible withdrawal terms but are assessed more favorably under the assets test.
- Combining different income streams like account-based pensions and lifetime annuities can help provide more stable retirement income and allow retirees to better manage risks.
- Structuring retirement income using a combination of income streams is important given longevity risks and volatility in investment returns that make it difficult to rely solely on investments or the age pension.
Mwana Africa is a pan-African mining company with gold, nickel, copper, and diamond assets in Zimbabwe and South Africa. In Zimbabwe, Mwana operates the Freda Rebecca gold mine and owns 76% of Bindura Nickel Corporation, which includes nickel mines, a smelter, and refinery. Freda Rebecca has over 5 years of production remaining and is focused on increasing throughput. Recent drilling at BNC's Trojan mine identified a large, high grade orebody that could extend the mine life beyond 10 years. Mwana has delivered improved financial results in 2014 and is focused on operational performance and cost control across its assets.
Veda Group Limited reported strong financial results for the full year 2015, with revenue increasing 12.2% and EBITDA growing 12.0% compared to the prior year. Business lines performed well due to growth in consumer risk and identity verification solutions as well as higher value commercial products. Veda will continue pursuing its strategic initiatives of using data and analytics to create customer insights, opening new market opportunities such as comprehensive credit reporting, and delivering innovation.
The document provides information on workforce management solutions from Access Financial in various African countries. It includes payroll services, work permit processing times and requirements, taxation details, social security contributions, and typical staff retentions for contractors working in Kenya, Ghana, South Africa, Nigeria, and Tanzania. Access Financial can assist with work and residence permits, accommodation, banking, insurance, and other services for contractors across Europe, Africa, Asia, and Russia.
The document summarizes the activities of UNEP-IEMP in 2015. Key events include:
1) The inaugural meeting of the Science Advisory Group to provide guidance on programs and projects.
2) The annual Steering Committee meeting to review progress, approve work plans and strategies including the 10-year Flagship Program on Climate, Ecosystems and Livelihoods.
3) Various country visits, workshops and forums held throughout the year on issues relating to ecosystem management, climate change, and South-South cooperation.
The spanish medium-sized company 2014 annual report (Círculo de Empresarios)Círculo de Empresarios
The project of the Círculo de Empresarios for the Spanish medium-sized company1 seeks to evaluate and make these firms more visible by providing an accurate diagnosis. While they are essential for the growth of the Spanish economy, they have not received systematic analysis in the economic debate. The aim is to provide a platform and connector for available information and thus generate new analysis and policies.
The Círculo de Empresarios seeks substantial arguments that will contribute to a realistic economic-financial and social analysis of our companies: this will allow for connections with the news media, the Public Administrations, research centers and the business fabric. We seek a diagnosis that more closely reflects the reality and dynamism of the medium-sized companies in Spain, because we are convinced that they are the engines for a new model of economic growth.
WerfenLife is a global healthcare company dedicated to research, development, manufacturing and distribution of specialized healthcare products. In 2015, WerfenLife achieved sales of 1.175 billion euros, a 14% increase over 2014. WerfenLife's key business divisions saw growth, with Werfen increasing 6.7% and Medical Devices and Distribution also experiencing gains. WerfenLife invested heavily in R&D and new facilities to drive innovation and growth. Looking ahead to 2016, WerfenLife expects continued positive trends and plans further investments in areas like R&D, commercial expansion and new facilities to maximize its leadership in specialized healthcare.
The G20 Foundation is an independent platform formed to help develop a framework for better global governance.
As an intermediary platform, the G20 Foundation positions itself as process enabler and a facilitator between governments, business, and academia within the G20 process.
We add value through encouraging broader public consensus and understanding of the G20 commitments which leads to higher accountability and raises effectiveness of a governance process.
As a non-partisan think tank, we stimulate constructive and effective discussions within “Outreach Dialogue” in order to support the implementation of the G20 commitments on a national level.
Thereby we foster the development of innovative solutions to global challenges, such as economic stability and sustainable growth.
Navitas Macquarie Australia Investor conferenceNavitas
1) Navitas is a leading global education provider with over 80,000 students across 111 colleges and schools in Australia, the UK, US, Canada, Singapore, Kenya and Sri Lanka.
2) In the first half of FY13, Navitas reported total group revenue growth of 4% to $355.4 million and EBITDA growth of 5% to $59.9 million.
3) Navitas' core University Programs and English Programs divisions performed well in the first half, with EBITDA growth of 5% and 24% respectively, however the SAE Creative Media division experienced lower than expected earnings growth.
Global snapshot of Ecommerce sector valuations, M&A transactions and investment deals in the last three years.
The report focuses on revenue multiples and financial metrics (e.g. margins and growth rates) of publicly listed companies.
The report also provides an overview of the number of M&A and investment deals in the past three years, as well as the total invested capital. It also includes a snapshot of the most active acquirers and investors in the sector.
Qube is acquiring Patrick Container Terminals and is conducting an entitlement offer to raise funds. The acquisition and entitlement offer are subject to various conditions and risks. If successful, the transactions will expand Qube's port operations and increase its scale. Pro forma financial information indicates the acquisition would significantly increase Qube's revenue and assets upon completion.
Marel Capital Markets Day 2021 - Global-reachMarel
The document provides an overview and disclaimer for a presentation by Marel hf. It states that the purpose is to provide information about the company and its disclaimer notes that no representations are made about the accuracy or completeness of the information. It also says the information is based on current matters and is subject to change without notice. Finally, it notes the presentation does not constitute an offer to purchase securities and is not intended as investment advice.
Fairview webinar presentation 18 june 2013 finalMichael Kennedy
- The document provides an overview and update of the Fairview Equity Partners Emerging Companies Fund. It summarizes recent market performance, key portfolio holdings and changes, and site visits by the fund manager to gain insights into the US shale oil industry. Small industrials and resources stocks have declined 10-15% in recent months but the fund has declined less, and financial stocks have increased. The fund maintains exposures to selected resource sectors and quality industrials.
This document provides an overview and disclaimer for a presentation by SG Fleet Group. It notes that the information is general in nature and not complete or guaranteed to be accurate. It also states that the presentation does not constitute financial product advice or an offer of securities. Several key points about the company's financial data and future projections are outlined, including that past performance may not be indicative of future results. The disclaimer concludes by limiting the liability of the company and related parties regarding any forward-looking statements made in the presentation.
This document provides results and an outlook from Parques Reunidos for fiscal year 2016. Key highlights include strong performance in Spain and Europe, offset by weather issues in the US and an attack that impacted a park in Nice. The company reached a pro-forma net income of €76 million in 2016 and reduced net debt. A dividend of €20 million is proposed, representing a 26% payout ratio. High single-digit EBITDA growth is expected for 2017 through organic initiatives and expansion capital expenditures. The company continues to implement external growth strategies through new park openings and management contract negotiations in various regions.
Affinity Education Group provided a market update presentation highlighting its financial year 2015 (FY15) results and forecasts. Key points included an underlying EBITDA forecast of $7.5-8.5 million for the first half (H1) of FY15 and $27-32 million for the full year. Occupancy was expected to increase in the second half of FY15, driving earnings growth. Affinity also noted a diversified portfolio of 161 childcare centers across Australia and expected to announce its first dividend for FY2015.
Anglo American reported its 2019 interim results, highlighting improvements in safety, health, and environmental performance. Production volumes increased 8% compared to 2012 levels due to increased productivity. Unit costs decreased 27% over the same period due to a focus on operational efficiency. Anglo American has a leading competitive cost position and differentiated growth profile compared to peers. The company is focused on sustainable long-term value creation through its FutureSmart Mining initiative and innovation driving sustainability goals.
Marel held a Capital Markets Day to provide an overview of the company and its strategy for delivering 12% annual revenue growth globally through digital and sustainable solutions. Marel aims to be a one-stop-shop across poultry, meat, and fish processing with standardized modular equipment, proprietary software, and digital solutions. The company's focus on innovation, excellence, and ESG/sustainability has supported over 20% average annual revenue growth since its 1992 listing.
ALTUM Investor presentation, June 2022 from ALTUM.pptxAgneseSperga
ALTUM is Latvia's national development finance institution that provides financing to support the country's economic development priorities. It has a portfolio of financial instruments worth 896 million euros, including loans, guarantees, venture capital funds, and a land fund. ALTUM operates with a unique legal status and high barriers to entry in the market. It aims to improve access to finance for SMEs, agriculture, individuals and other sectors in Latvia.
House prices in Sydney and Melbourne continue to show strong growth in 2017, with Sydney prices up 2.8% in February and 19.2% annually. This growth shows no signs of slowing based on high auction clearance rates and increasing housing credit. However, house prices are declining in Perth and Darwin due to the downturn in mining. Apartment prices are growing more slowly outside of Sydney and Melbourne due to increasing supply. Overall, nationwide house prices posted another month of strong growth in February led by Sydney, but prices remain under pressure in mining-affected areas and for apartments where supply is rising sharply.
Norwood Systems Investor Presentation February 2016Filament
Norwood provides voice, messaging and data services to consumers, enterprises and carriers around the world through its global telecommunications network. It is focusing on expanding its portfolio of communications apps beyond just voice to include messaging and data, integrating its consumer and enterprise platforms, and establishing flexible monetization to maximize economic potential. Key strategies include enhancing its CORONA platform to capture SMB and fixed-line office customers and considering white label carrier licensing.
Build a resilient portfolio for all stages of the economic cyclenetwealthInvest
Learn strategies in building your portfolio for any economic condition from John Owen, Portfolio Specialist at MLC Investment Management, as he reviews current market and economic circumstances and provides investment portfolio solutions that are appropriate for a world that will continue to evolve in unpredictable ways.
The document summarizes the activities of UNEP-IEMP in 2015. Key events include:
1) The inaugural meeting of the Science Advisory Group to provide guidance on programs and projects.
2) The annual Steering Committee meeting to review progress, approve work plans and strategies including the 10-year Flagship Program on Climate, Ecosystems and Livelihoods.
3) Various country visits, workshops and forums held throughout the year on issues relating to ecosystem management, climate change, and South-South cooperation.
The spanish medium-sized company 2014 annual report (Círculo de Empresarios)Círculo de Empresarios
The project of the Círculo de Empresarios for the Spanish medium-sized company1 seeks to evaluate and make these firms more visible by providing an accurate diagnosis. While they are essential for the growth of the Spanish economy, they have not received systematic analysis in the economic debate. The aim is to provide a platform and connector for available information and thus generate new analysis and policies.
The Círculo de Empresarios seeks substantial arguments that will contribute to a realistic economic-financial and social analysis of our companies: this will allow for connections with the news media, the Public Administrations, research centers and the business fabric. We seek a diagnosis that more closely reflects the reality and dynamism of the medium-sized companies in Spain, because we are convinced that they are the engines for a new model of economic growth.
WerfenLife is a global healthcare company dedicated to research, development, manufacturing and distribution of specialized healthcare products. In 2015, WerfenLife achieved sales of 1.175 billion euros, a 14% increase over 2014. WerfenLife's key business divisions saw growth, with Werfen increasing 6.7% and Medical Devices and Distribution also experiencing gains. WerfenLife invested heavily in R&D and new facilities to drive innovation and growth. Looking ahead to 2016, WerfenLife expects continued positive trends and plans further investments in areas like R&D, commercial expansion and new facilities to maximize its leadership in specialized healthcare.
The G20 Foundation is an independent platform formed to help develop a framework for better global governance.
As an intermediary platform, the G20 Foundation positions itself as process enabler and a facilitator between governments, business, and academia within the G20 process.
We add value through encouraging broader public consensus and understanding of the G20 commitments which leads to higher accountability and raises effectiveness of a governance process.
As a non-partisan think tank, we stimulate constructive and effective discussions within “Outreach Dialogue” in order to support the implementation of the G20 commitments on a national level.
Thereby we foster the development of innovative solutions to global challenges, such as economic stability and sustainable growth.
Navitas Macquarie Australia Investor conferenceNavitas
1) Navitas is a leading global education provider with over 80,000 students across 111 colleges and schools in Australia, the UK, US, Canada, Singapore, Kenya and Sri Lanka.
2) In the first half of FY13, Navitas reported total group revenue growth of 4% to $355.4 million and EBITDA growth of 5% to $59.9 million.
3) Navitas' core University Programs and English Programs divisions performed well in the first half, with EBITDA growth of 5% and 24% respectively, however the SAE Creative Media division experienced lower than expected earnings growth.
Global snapshot of Ecommerce sector valuations, M&A transactions and investment deals in the last three years.
The report focuses on revenue multiples and financial metrics (e.g. margins and growth rates) of publicly listed companies.
The report also provides an overview of the number of M&A and investment deals in the past three years, as well as the total invested capital. It also includes a snapshot of the most active acquirers and investors in the sector.
Qube is acquiring Patrick Container Terminals and is conducting an entitlement offer to raise funds. The acquisition and entitlement offer are subject to various conditions and risks. If successful, the transactions will expand Qube's port operations and increase its scale. Pro forma financial information indicates the acquisition would significantly increase Qube's revenue and assets upon completion.
Marel Capital Markets Day 2021 - Global-reachMarel
The document provides an overview and disclaimer for a presentation by Marel hf. It states that the purpose is to provide information about the company and its disclaimer notes that no representations are made about the accuracy or completeness of the information. It also says the information is based on current matters and is subject to change without notice. Finally, it notes the presentation does not constitute an offer to purchase securities and is not intended as investment advice.
Fairview webinar presentation 18 june 2013 finalMichael Kennedy
- The document provides an overview and update of the Fairview Equity Partners Emerging Companies Fund. It summarizes recent market performance, key portfolio holdings and changes, and site visits by the fund manager to gain insights into the US shale oil industry. Small industrials and resources stocks have declined 10-15% in recent months but the fund has declined less, and financial stocks have increased. The fund maintains exposures to selected resource sectors and quality industrials.
This document provides an overview and disclaimer for a presentation by SG Fleet Group. It notes that the information is general in nature and not complete or guaranteed to be accurate. It also states that the presentation does not constitute financial product advice or an offer of securities. Several key points about the company's financial data and future projections are outlined, including that past performance may not be indicative of future results. The disclaimer concludes by limiting the liability of the company and related parties regarding any forward-looking statements made in the presentation.
This document provides results and an outlook from Parques Reunidos for fiscal year 2016. Key highlights include strong performance in Spain and Europe, offset by weather issues in the US and an attack that impacted a park in Nice. The company reached a pro-forma net income of €76 million in 2016 and reduced net debt. A dividend of €20 million is proposed, representing a 26% payout ratio. High single-digit EBITDA growth is expected for 2017 through organic initiatives and expansion capital expenditures. The company continues to implement external growth strategies through new park openings and management contract negotiations in various regions.
Affinity Education Group provided a market update presentation highlighting its financial year 2015 (FY15) results and forecasts. Key points included an underlying EBITDA forecast of $7.5-8.5 million for the first half (H1) of FY15 and $27-32 million for the full year. Occupancy was expected to increase in the second half of FY15, driving earnings growth. Affinity also noted a diversified portfolio of 161 childcare centers across Australia and expected to announce its first dividend for FY2015.
Anglo American reported its 2019 interim results, highlighting improvements in safety, health, and environmental performance. Production volumes increased 8% compared to 2012 levels due to increased productivity. Unit costs decreased 27% over the same period due to a focus on operational efficiency. Anglo American has a leading competitive cost position and differentiated growth profile compared to peers. The company is focused on sustainable long-term value creation through its FutureSmart Mining initiative and innovation driving sustainability goals.
Marel held a Capital Markets Day to provide an overview of the company and its strategy for delivering 12% annual revenue growth globally through digital and sustainable solutions. Marel aims to be a one-stop-shop across poultry, meat, and fish processing with standardized modular equipment, proprietary software, and digital solutions. The company's focus on innovation, excellence, and ESG/sustainability has supported over 20% average annual revenue growth since its 1992 listing.
ALTUM Investor presentation, June 2022 from ALTUM.pptxAgneseSperga
ALTUM is Latvia's national development finance institution that provides financing to support the country's economic development priorities. It has a portfolio of financial instruments worth 896 million euros, including loans, guarantees, venture capital funds, and a land fund. ALTUM operates with a unique legal status and high barriers to entry in the market. It aims to improve access to finance for SMEs, agriculture, individuals and other sectors in Latvia.
House prices in Sydney and Melbourne continue to show strong growth in 2017, with Sydney prices up 2.8% in February and 19.2% annually. This growth shows no signs of slowing based on high auction clearance rates and increasing housing credit. However, house prices are declining in Perth and Darwin due to the downturn in mining. Apartment prices are growing more slowly outside of Sydney and Melbourne due to increasing supply. Overall, nationwide house prices posted another month of strong growth in February led by Sydney, but prices remain under pressure in mining-affected areas and for apartments where supply is rising sharply.
Norwood Systems Investor Presentation February 2016Filament
Norwood provides voice, messaging and data services to consumers, enterprises and carriers around the world through its global telecommunications network. It is focusing on expanding its portfolio of communications apps beyond just voice to include messaging and data, integrating its consumer and enterprise platforms, and establishing flexible monetization to maximize economic potential. Key strategies include enhancing its CORONA platform to capture SMB and fixed-line office customers and considering white label carrier licensing.
Build a resilient portfolio for all stages of the economic cyclenetwealthInvest
Learn strategies in building your portfolio for any economic condition from John Owen, Portfolio Specialist at MLC Investment Management, as he reviews current market and economic circumstances and provides investment portfolio solutions that are appropriate for a world that will continue to evolve in unpredictable ways.
Daily Derivatives Report:14 November 2019Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
Daily Derivatives Report:27 December 2019Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
1) The Nifty index closed at 12,356 with a small gain of 13 points and formed a "Doji" candlestick pattern indicating indecisiveness in the market.
2) The index has been consolidating within the 12,280-12,380 range for the past four sessions, showing a short term sideways trend. A break above 12,360 could push the index higher to 12,400-12,440 while a break below 12,320 could lead to a decline to 12,270-12,220.
3) The momentum oscillator Stochastic has turned negative from the overbought zone, which may result in further consolidation or a downward move in the near term.
Registry Direct IPO - Investor PresentationReach Markets
Registry Direct’s online share registry solution allows senior management to communicate directly with their security holders via Registry Direct’s online platform. Its self-service system is easy-to-use, and does not require users to sign up to a fixed-term contract.
Adobe, Facebook, Trip Advisor, NASDAQ and Siemens currently use Registry Direct to manage their employee share schemes in Australia.
Daily Derivatives Report:30 December 2019Axis Direct
Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives
The Nifty and Sensex indices opened flat but gained through the day, closing near their highs with gains of 0.27% and 0.22% respectively. On the daily chart, the Nifty has formed a bullish candle and continues its uptrend in a higher top, higher bottom pattern. The indicators are positive and the trend deciding level for the day is 12350. If Nifty trades above this level, further gains to 12385-12415-12450 are possible, but a break below could see corrections to 12320-12280-12255. Stocks AUBANK and CASTROLIND are suggested for buying if they trade in the indicated ranges.
Similar to Navitas FY14 Interim Results presentation (20)
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
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World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
2. Disclaimer
Important Notice and Disclaimer
This document has been prepared by Navitas Limited ABN 69 109 613 309 ("Navitas" or the "Company"). Information in this document
should be read in conjunction with other Navitas announcements made to ASX.
This document has been prepared for information purposes only and does not take into account your individual investment objectives,
including the merits and risks involved in an investment in Navitas shares, or your financial situation or particular needs, and is not
investment, financial product, legal, tax or accounting advice or opinion.
You must not act on the basis of any matter contained in this document, but must make your own independent investigation and
assessment of Navitas and its shares and obtain any professional advice you require before making any investment decision based on
your investment objectives and financial circumstances. An investment in Navitas shares is subject to investment and other known and
unknown risks, some of which are beyond the control of Navitas, including possible delays in repayment and loss of income and principal
invested. Navitas does not guarantee any particular rate of return or the performance of Navitas, nor does it guarantee the repayment of
capital from Navitas or any particular tax treatment.
All information in this document is believed to be reliable, but no representation, warranty or guarantee, express or implied, is made by
Navitas, its subsidiaries or their respective directors, officers, employees or agents, nor any other person (the “Beneficiaries”) as to the
fairness, accuracy, completeness, reliability or correctness of the information, opinions and conclusions contained in this document
(including, without limitation, any estimates, calculations, projections or forward looking statements). No action should be taken on the
basis of the information, and no reliance may be placed for any purpose on the accuracy or completeness of the information or opinions
contained in this document. To the maximum extent permitted by law, the Beneficiaries shall have no liability, including, without
limitation, any liability arising from fault or negligence, for any direct or indirect loss or damage which may be suffered by any recipient
through relying on anything contained in or omitted from this document.
The distribution of this document in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be
observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.
This document does not constitute an offer, invitation, solicitation, advice or recommendation with respect to the issue, purchase or sale
of any security in any jurisdiction. In particular, this document does not constitute an offer to sell, or a solicitation of an offer to buy,
securities in the United States or to any "U.S. person" (as defined in the U.S. Securities Act of 1933 ("U.S. Securities Act")). Shares in
Navitas have not been and will not be registered under the U.S. Securities Act, or under the securities laws of any state or other
jurisdiction of the United States. Accordingly, shares in Navitas may not be offered or sold, directly or indirectly, in the United States or
to, or for the account or benefit of, U.S. Persons, except in a transaction exempt from, or not subject to, the registration requirements of
the U.S. Securities Act and applicable U.S. state securities laws. This document may not be distributed or released in the United States or
to, or for the account or benefit of, any U.S. person.
All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated.
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
2
3. Company Profile
Navitas (ASX: NVT) is a leading global education provider offering an
extensive range of educational and training services for students and
professionals across Australia and around the world
Market cap
Annualised
revenue
Staff
headcount
Students
Colleges/
schools
$2.41b
$795.3m
~5,500
> 80,000
115
University Programs - leading provider of 32 pathway colleges and managed campuses across
Australia and in the UK, US, Canada, Singapore, Kenya, New Zealand and Sri Lanka
SAE - creative media education provider delivering vocational and higher education qualifications in
audio, film and multimedia via 58 colleges in Australasia, US, Europe and the Middle East
Professional and English Programs – provides vocational training, higher education and
placement services in areas of key demand across Australia as well as providing English as a second
language courses for international students and English language, settlement and work preparation
programs for migrants and refugees
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
3
4. FY14 Interim Result Highlights
Group
•
•
•
•
Revenue up 19% to $421.9m
6% increase in EBITDA to $63.2m
Net profit after tax up 3% to $36.1m
Interim dividend of 9.4 cents per share
University Programs • Revenue up 20% to $243.2m following enrolment
growth in all key regions and significant fee growth
• 12% increase in EBITDA to $58.4m with margins
impacted by sales and marketing enhancements
• Two new colleges opened
SAE
• 22% increase in revenue following improvement in US
and Germany – 11% post favourable FX impact
• EBITDA down to $9.0m due to investment in US
operations, staff capacity, systems and processes
Professional and
English Programs
• Continued growth provides 15% revenue increase to
$108.1m and 134% EBITDA growth to $11.0m
• ACAP increases EBITDA by more than 50%
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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6. Investment in new businesses continues
Group performance summary
H1 FY14
H1 FY13
∆%
419.7
347.9
21
2.2
7.5
(70)
421.9
355.4
19
Continuing business
65.5
62.6
5
New campuses*
(2.3)
(2.7)
(15)
Total
63.2
59.9
6
EBITDA Margin
15.0%
16.9%
NPAT ($m)
36.1
35.1
3
EPS (cents)
9.6
9.3
3
Interim Dividend (cents)
9.4
9.3
1
($m)
Revenue
Continuing business
New campuses*
Total
EBITDA
*H1 FY14: EIC, NIC, UCIC, BCUIC and SAE Chicago and Jakarta (H1 FY13: USA UP market expansion, ICRGU, EIC, NIC and SAE Chicago and Jakarta)
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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7. Strong revenue growth across all segments
Core Divisions perform well in 1st half
Revenue($m)
H1 FY14
H1 FY13
∆%
243.2
203.5
20
68.1
55.6
22
UP
Professional and English
Programs
108.1
94.4
15
SAE
Divisional revenue
419.4
353.5
19
PEP
2.5
1.9
32
421.9
355.4
19
University Programs
SAE Group
Other
Group revenue
Divisional
revenue
by region
5%
6%
7%
8%
26%
$419.4m
58%
16%
Australia
7%
UK
Europe
$419.4m
Canada
67%
USA
ROW
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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8. EBITDA impacted by investment for the future
Core Divisions perform well in 1st half
EBITDA ($m)
H1 FY14
H1 FY13
∆%
58.4
52.2
12
9.0
12.6
(29)
Professional and English
Programs
11.0
4.7
134
Divisional EBITDA
78.4
69.5
13
Corporate costs
(15.2)
(9.6)
58
Group EBITDA
63.2
59.9
6
University Programs
SAE Group
H1 FY14
Divisional
EBITDA
H1 FY13
Divisional
EBITDA
7%
14%
UP
11%
$78.4m
SAE
18%
$69.5m
PEP
75%
75%
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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11. Strong cash generation continues to reduce debt
Net debt $m
1-Jul-13
Cash realisation ratio1 of 0.93x
(H1 FY13: 0.88x)
94.9
Deferred revenue up 30% to
$214.1m
38.3
Dividends Paid
Capex
Net debt represents only 0.82x
of rolling 12 months EBITDA
($133.3m)
9.9
FX Translation charge
9.2
Operational Cashflows
(42.7)
Other
(0.8)
31-Dec-13
108.8
Debt composition ($m)
1Cash
realisation ratio= Net Operating Cashflow
NPAT plus amtsn and depcn
31Dec-13
31Dec-12
Debt
185.5
178.8
Cash related to the Tuition Protection
Service
(64.6)
(39.5)
Other Cash
(12.1)
(12.7)
31–Dec
108.8
126.7
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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12. University Programs
University Programs
Highlights
Financial Performance
Revenue
EBITDA *
$243.2m
20%
EBITDA *
$58.4m
12%
• Underlying revenue up 16% (10% volume
and 6% avg price) after adjusting for FX
movements
• Enrolment growth in all key regions; US
(45%), UK (23%), Canada (21%), Aus (13%)
• US colleges reach operational breakeven
EBITDA $m
53.6
43.5
49.9
52.2
58.4
• UC International College (New Zealand) and
Birmingham City University International
College (UK) opened
• La Trobe University Sydney Campus contract
extended for 10 years
• Outstanding academic outcomes with 95%
progression rates
H1 FY10
H1 FY11
H1 FY12
H1 FY13
H1 FY14
• Discussions with new potential partners
ongoing
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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14. Professional and English Programs
Professional (formerly Workforce)
Highlights
Financial performance
Revenue
$108.1m
15%
Record performance with increases in
revenues and earnings boosted by weak
pcp
•
Return to normalised earnings levels
•
EBITDA
$11.0m
•
Improvement largely from ACAP and
English and Foundation Skills (formerly
Government Programs)
134%
EBITDA $m
o
ACAP increases earnings by more than 50%
following significant student growth
o
11.0
English and Foundation Skills increases client
numbers and hours against pcp
9.5
5.0
3.7
H1 FY10
H1 FY11
H1 FY12
4.6
H1 FY13
•
Key government contracts due for renewal
on 1 July 2014, government holds 3 year
extension option
H1 FY14
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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15. Corporate costs
Corporate costs
Highlights
EBITDA ($m)
H1 FY10
H1 FY11
H1 FY12
H1 FY13
H1 FY14
•
Corporate costs rise due to investment in
business for future growth
•
Increases in EVA incentive payments as
Group performance improves
•
Increase in lease costs associated with
surplus space at Wynyard Green
-8.3
-9.7
-10.2
-9.6
o
•
Wynyard Green vacancies being
rationalised with Navitas businesses
o
-15.2
Higher capex to be offset by lower lease
costs and operational efficiencies
Charges from the marking to market of
FX hedging book
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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17. Recovery continues to strengthen…
UP enrolment trend continues to improve
University Programs Equivalent Full Time Students Units (EFTSU): Semester enrolments
•
•
•
13% semester 3 2013 EFTSU growth against pcp
All key regions showing good growth
Australian new student enrolments up more than 30% in semester 3 2013
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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18. ..supporting solid growth momentum in FY14…
Professional and English Programs
University Programs
• Recent student enrolment increases to
benefit in H2 FY14 and beyond
• H2 FY14 growth vs pcp to exceed H1 FY14
• Impact from investments to continue
throughout FY14
SAE
• Strong revenue growth indicating
improvement trend
• Expecting stronger H2 though FY14 result
will be flat, or lower, than pcp
• US operations expected to record small
profit following H1 EBITDA loss of $2m
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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19. …and reaffirming guidance
Professional and English Programs
Professional and English Programs
• Full year growth anticipated but lower H2
than pcp
• ACAP and English and Foundation Skills to
moderate off higher comparatives
• Key government contracts due for renewal,
government holds 3 year extension options
Navitas
• Corporate costs to rise but remain at ~3%
of revenues
• FY14 EBITDA guidance reaffirmed at $138m
to $148m
• Dividend Reinvestment Plan commencing for
FY14 interim dividend
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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21. Profitable and highly capital efficient model
Financial metrics vs Campus size
•
% of revenue
40%
Established
Campus
Strong operating leverage as
student numbers increase
•
50%
Low capital requirements
o leverage partner universities
infrastructure and spare
teaching capacity
o fees received in advance
drives negative working
capital
30%
Royalty payments (Variable)
20%
Teaching costs
(Semi‐variable)
10%
Agent commissions (Variable)
Marketing & Admin
costs (Semi‐fixed)
New
Campus
1,000
2,000
3,000
Campus size (# of students)
Indicative EBITDA Margin
Navitas FY14 Interim Results Presentation – 31 December 2013 - ASX:NVT
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22. Global market conditions remain positive
Supply imbalance in key source markets (m)
China
Global tertiary enrolment (m)
9.57
9.33
6.57
98
263
million by
2025
9.15
6.85
6.75
China domestic
university places
Current enrolments
165
*
Gaokao students
Enrolment growth
•
2010
2011
2012
Chinese
university
entrance exam
International education market share (%)
8.2
International student
enrolments (m)
16.5
USA
UK
2.1
2.4
2.6
2.8
3.0
3.1
3.2
3.5
3.7
4.1
4.3
47.2
GER
2011
13.0
France
Australia
6.3
6.2
Canada
ROW
4.7 6.1
Navitas Limited Citi Results Presentation – 31 December 2013 - ASK:NVT
Navitas FY14 Interim Australian Growth Conference 21 May 2013 ASX:NVT
Source: UNESCO Institute of Statistics, OECD Education at a Glance 2013, ICEF
22
23. Section title
to go here
Navitas Limited Citi Results Presentation – 31 December 2013 - ASK:NVT
Navitas FY14 Interim Australian Growth Conference 21 May 2013 ASX:NVT
23