SIV CAPITAL LIMITED Silver Chef established by | Silver Chef | Launched | Silver Chef | Silver Chef | Silver Chef |
Non-Executive Chairman | listed | GoGetta in | New Zealand | Canada | 30 Year |
Allan English | on ASX | Australia | established | established | Anniversary |
Silver Chef Limited has not considered the financial position or needs of the recipient in providing this presentation. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial or legal advisor.
The presentation includes certain 'forward-looking statements' which are not historical facts but rather are based on Silver Chef's current expectations, estimates and projections about the industry in which Silver Chef operates, and beliefs and assumptions regarding Silver Chef's future performance.
Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates' and similar expressions are intended to identify forward-looking statements.
These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Silver Chef, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.
Silver Chef cautions shareholders and prospective shareholders not to
place undue reliance on these forward-looking statements, which reflect the view of Silver Chef only at the date of this presentation.
SILVER CHEF GROUP
The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Silver Chef will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.
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Net profit after tax of $20.2 million - strong second half performance of $15.6 million and includes one-off asset write off for fraud of $2.3 million |
Consistent strong performance from the Hospitality business with the rental asset base# up 28% on 30 June 2016 |
Canadian rental asset base# up 81% year on year, new asset acquisitions up 48% over the same period |
Improved second half credit performance from GoGetta |
GoGetta business continues to be refined with focus on improving return on capital through customer quality measures |
Dividend payout ratio increased to 68.7% of full year earnings |
Implementation of securitisation funding facility on target |
FY2017 | FY2016 | Change (YoY) | |
Revenue ($ millions) | $286.0m | $221.1m | 29.4% |
Rental assets (at cost) and lease receivables ($ millions) | $657.3m | $539.2m | 21.9% |
NPAT ($ millions) | $20.2m | $22.4m | (9.8%) |
Net operating cash flows ($ millions) | $152.9m | $119.7m | 27.7% |
Basic EPS | 55.3cps | 68.9cps | (19.7%) |
Dividend (fully franked) | 38.0cps | 42.0cps | (9.5%) |
SILVER CHEF GROUP
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# Includes lease receivables at carrying value and rental assets at cost
450
400
350
$ million300
Cost Value of Silver Chef Rental Assets Silver Chef Lease Receivables Current Value Silver Chef Advantage
48.1
24.2
25.4
of contracts below $15k
77.2% -
10.6% - $15k - $25k
7.4% - $25k - $50k
3.4% - $50k - $100k
1.4% - Over $100k
250
200
150
100
50
-
5.2
6.1 13.4
173.4 197.4210.2
21.1
252.0
309.9
FY13 FY14 FY15 FY16 FY17
82.0% - Australia
9.0% - New Zealand
SilverChef Rental Silver Chef Advantage
200.0
9.0% - Canada
SILVER CHEF GROUP
29.5
150.0
$ millions20.1
100.0
50.0
0.0
4.7
76.7 86.790.3
129.9
154.3
28.5% - QLD 30.5% - NSW
21.5% - VIC 9.8% - WA
5.1% - SA 1.9% - TAS
1.6% - ACT 1.1% - NT 4
FY13 FY14 FY15 FY16 FY17
Silver Chef Limited published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2017 01:52:06 UTC.
Original documenthttps://www.silverchefgroup.com.au/irm/PDF/1881_0/SilverChef2017InvestorPresentation
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