Investor Presentation - 1H FY16 Financial Results
London, Aug 24, 2016 AEST (ABN Newswire) - Speedcast International Ltd (
ASX:SDA) are pleased to provide the Investor Presentation regarding the 1H FY16 financial results.
Operational and Financial Highlights
1H 2016 Highlights -Continued Strong Growth
Operational
- In 1H 2016 we have completed the acquisitions of NewComInternational (31 March 2016) and ST Teleport (1 July 2016). We have also signed this month a definitive agreement to acquire WINS (completion expected on 31 August 2016)
- These acquisitions now provide SpeedCast with a significant presence in some markets where we did not have scale. SpeedCast is now more global -global infrastructure and sales & engineering reach -, more diversified, and better positioned to capture growth opportunities in key verticals like maritime, energy, cellular backhaul, government
- SpeedCast has continued to focus on the integration of new acquisitions during 1H 2016, and has invested in building out the systems and capabilities necessary to support its expanding global operations and long-term growth prospects
- Significant new contract wins and strategic partnerships across all divisions
- Higher levels of churn than historical trend due to market conditions in the oil & gas industry
- SpeedCast continued to execute well and grow, despite a challenging market
Financial
- Continued double digit growth across key financial metrics half year on half year, including 41% growth in Revenue
- Core service revenues grew 54%, through a combination of acquisitive growth and strong single digit organic growth on the prior corresponding period, despite difficult market conditions
- Service gross margins continued to strengthen in the period, reflecting the impact of cost synergies and operational optimisation initiatives
- Significant Opexgrowth as we are investing in people and infrastructure to underpin medium & long term growth
- EBITDA grew 34% on prior corresponding period and operating cash conversion was good, both supporting the group's ability to naturally deleverage over time
- NPATA grew to USD8.2M (1H 2015: USD6.8M)
To view the presentation, please visit:
http://abnnewswire.net/lnk/6W8559W8
About Speedcast International Ltd
Speedcast International Ltd (ASX:SDA) is the world's most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more at www.speedcast.com.
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