Half Year Business Update

Transcription

1 Half Year Business Update Rene Sugo - CEO February 2014 Corporate Profile Founded in 2004 and listed in mid 2006 Grew from start-up to an independent peer to Tier 1 incumbents in less than a decade Built own fully interconnected national network Largest VoIP network in Australia carrying over 3 Billion billed minutes per annum Brand ecosystem spans all voice market segments: Residential, Business, Enterprise, Government and Wholesale Industry advocate for technical innovation, consumer adoption and migration to new voice communications technology 2

2 3 Financial Highlights H1 FY14 Reported Result H1 FY13 H1 FY14 Δ Revenue $18.4M $28.5M 55% EBITDA $2.0M $3.7M 85% Financial Update NPAT $1.5M $2.4M 58% Earnings per share (cents) % Dividend per share - fully franked (cents) % Net assets per share (cents) % 1. H1 FY14 result includes 6 months contribution from Connexus, GoTalk Wholesale and CallStream acquisitions 4

3 Cents per share Cents per share Shareholder returns Earnings per share (EPS) Dividend per share (DPS) Forecast H2 H Final Interim 0 0 Consistent earnings & dividend growth for 4 consecutive years. 5 Stock Price 2.0 MNF Share Price FY11-FY Strong financial performance reflected in increased stock liquidity and share price growth over the last 3 years. 6

4 $ million $ million $ million $ million Key Metrics $60 Revenue ($M) 58.9 Forecast $25 Gross Profit ($M) 23.4 Forecast $ H2 $20 $ H2 $ H1 $10 $5 5.7 H1 $- $- 7 Key Metrics $10 $8 $6 $4 EBITDA ($M) Forecast H2 H1 $6 $5 $4 $3 $2 NPAT ($M) Forecast H2 H1 $2 1.1 $1 1.0 $- $- 8

5 On track with FY14 forecasts Forecast Overview FY13 (actual) FY14 (forecast) Revenue $46.2M $58.9M EBITDA $6.1M $8.6M NPAT $4.1M $5.5M EPS 6.98 cents 8.86 cents 1. MyNetFone and Symbio organic businesses are on track with pre-acquisition forecasts and performance. 2. This forecast includes consolidation of three acquisitions during the second half of FY13 CallStream, Connexus, GoTalk Wholesale. 9 Investor Metrics Metric Value Number of Shares 62.46M Share Price $1.78 Market Capitalisation $111M FY14 Interim dividend (fully franked) 2.0 cents 1. Share price is as at 30 January

6 Business Overview 11 PennyTel Acquisition Total Services Acquired: 33,000 PennyTel is a provider of residential VoIP, Mobile and Broadband services targeting the tech-savvy, budgetconscious market segment. Expected revenue of $3.5M and EBITDA of $0.5M annualised (post synergy). VoIP Plans 28.3% Mobile 8.0% PennyTel Services Broadband 2.8% Business 0.2% VoIP PAYG 60.7% VoIP PAYG VoIP Plans Mobile Broadband Business 12

7 Brands Overview Brand Services Overview Target Market Hosted communications including voice, data & enhanced services Wholesale carriage & VoIP managed services Residential, Business, Enterprise & Government Carriers & Network Operators VoIP, mobile and broadband Tech-savvy, budget-conscious Residential Business internet & valueadded services Business & Enterprise premium market 13, 1300, 1800 numbers Business cloud market 13 The MNF Holy Trinity Unique eco-system with own intellectual property and R&D capabilities Multiple brands to address multiple markets Multiple synergistic business models to monetise network assets Massive scalability potential Our Key Differentiator in the Junior Telco Space! 14

8 Millions The MyNetFone Voice Network 100% population coverage in Australia, New Zealand and Singapore The biggest and best VoIP network in Australia! Fully owned and operated by subsidiary Symbio Networks 15 Number Portability Milestone Now at 350,000 phone numbers ported directly to Network Local Numbers Ported - Gainers Run rate of 10K to 15K new numbers ported every month! Approximately 80% are for wholesale customers Symbio is now the 4 th largest gainer of numbers on the Australian PSTN This does not include new numbers conditioned and/or assigned Optus AAPT Telstra Symbio Primus Others 16

9 Heritage IP Ownership Benefits Achievements The Cloud and Voice Telco Phone numbers are the key for voice communications Real Time Person to Person communications will continue to be the most valuable Businesses will always need to talk to their customers & suppliers Three types of numbers exist: General, Mobile & Special Numbers (13/18) As networks evolve, phone numbers will be taken off the copper networks Numbers will all become virtual and hosted on the internet Businesses and consumers will find new ways to use their numbers Cloud based applications will prevail in the future voice world MyNetFone is strategically placed to take advantage of this mind-shift 17 Our Intellectual Property Over 10 years of inhouse R&D experience Well established and efficient software and product development team Billing systems Provisioning systems Call routing and cost control Number portability Features and services Allows rapid deployment of additional capacity and capabilities for very low cost Provides flexibility to adapt to changing market and customer needs Ability to integrate acquisitions quickly and effectively Successfully pioneered many award-winning innovations in the Australian market Plug and Play VoIP Self service provisioning Virtual PBX 18

10 Thank you For further information please contact: Rene Sugo, CEO (02) Did we mention our awards? 19 Disclaimer This presentation is provided to you for the sole purpose of providing background financial and other information on My Net Fone Limited (ASX:MNF). The material provided to you does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities. The information in this document will be subject to completion, verification and amendment, and should not be relied upon as a complete and accurate representation of any matters that a potential investor should consider in evaluating My Net Fone Limited. This document contains forward looking statements which are made in good faith and are believed to have reasonable basis. However, such forward looking statements are subject to risks, uncertainties and other factors which could cause the actual results to differ materially from the future results expressed, projected or implied by forward looking statements. My Net Fone Limited, its directors, agents officers or employees do not make any representation or warranty, express or implied, as to the accuracy or completeness of any information, statements, representations or forecasts contained in this presentation and do not accept any liability for any statement made or omitted from this summary. My Net Fone Limited are not under any obligation to update any information contained in this presentation. 20