Financial Results Presentation for Year Ended December 31 2016
London, Feb 28, 2017 AEST (ABN Newswire) - SpeedCast International Ltd (
ASX:SDA) is pleased to provide the Company's Financial Results Presentation for Year Ended December 31, 2016.
A transformative FY 2016
Operational
- Transformationalacquisition of Harris CapRock (completed 1 Jan 2017)
- 3 additional strategic acquisitions completed in 2016 (Newcom, ST Teleport and WINS)
- Market leadership achieved in the Maritime and Energy markets -well positioned to capture growth opportunities in these two key verticals
-Sustained Growth despite a difficult operating environment
Financial
- Continued double digit growth across key financial metrics with 30% revenue growth
- Core service revenue growth at 34%
- Growth in core service margins and EBITDA margin reflecting economies of scale and operational optimization
- EBITDA growth at 42% ($41.5M) NPATA of $19.2M(+30%)
SpeedCast -The new global leader
SpeedCast is the world's most trusted provider of fully managed remote communication network and IT services.
- Industry leader: extensive worldwide footprint of local support, infrastructure and coverage coupled with world-class technology and a pervasive safety culture
- Innovator: able to design, integrate, secure and optimize networks tailored to customer needs
- Customer focused: with technology agnostic solutions and support designed to meet the needs of each unique customer installation
- Highly Skilled Peoplemake the difference in the services SpeedCast provides
- Creating value for our customers beyond connectivity to meet evolving customer needs
FY 2017 outlook - GLOBAL GROWTH
- GLOBAL CAPABILITIES
Global footprint, global network, scale and enhanced product offerings will enable new revenue opportunities and synergies.
- GLOBAL LEADER
The combination of HCC and SpeedCast creates a strong global and diversified Group, at a time when some of our key competitors are experiencing difficulties.
- GLOBAL BRAND
Rebranding ongoing to increase brand awareness and better communicate our capabilities and the value we can create for our customers.
- M & A GROWTH
In addition to the HCC acquisition, a full period impact of NewCom, ST Teleport, and WINS will drive growth.
- ORGANIC GROWTH
Strong focus on organic growth in 2017. We expect growth momentum to build in 2H 2017.
- EBITDA GROWTH
A systematic focus on operational efficiencies and organic growth is expected to deliver continuous EBITDA margin improvement.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/I9B4F061
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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