FY22 Results Presentation

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#1FY22 Results Presentation 29 August 2022 ASX: APM APM enabling better lives#2Important notice and disclaimer This presentation has been prepared by APM Human International Services Limited ACN 639 621 766 (Company). This presentation contains summary information about the Company and its subsidiaries (Group) and the business conducted by the Group as at 29 August 2022. The Financial Information contained within this presentation for the year ended 30 June 2022, and as at that date, is unaudited. The information in this presentation is general information only, in summary form and does not purport to be complete or comprehensive nor does it purport to summarise all information that an investor should consider when making an investment decision. This presentation should be read in conjunction with the Company's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange. This presentation is for information purposes only and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with ASIC or any other foreign regulator). Nothing in this presentation contains or purports to contain, an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in the Company (Securities) nor does it constitute financial product or investment advice (nor taxation or legal advice) nor take into account your investment objectives, taxation situation, financial situation or needs. This presentation does not constitute an advertisement for an offer or proposed offer of Securities. Neither this presentation nor anything contained in it shall form the basis of any contract or commitment and it is not intended to induce or solicit any person to engage in, or refrain from engaging in, any transaction nor is it intended to be used as the basis for making an investment decision. The material contained in this presentation may include information, data, estimates and projections derived from publicly available sources or other third party sources that have not been independently verified by the Company. No representation or warranty is made as to the accuracy, completeness, or reliability of the information. Estimates and projections involve risks and uncertainties and are subject to change based on various factors. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of the Group and conduct its own investigation and analysis. Statements made in this presentation are made only as at the date of this presentation (unless otherwise stated). The information in this presentation is subject to change without notice. The Company has no obligation to update or correct this presentation, except as required by law. A number of figures, amounts, percentages, estimates and calculations of value in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. All dollar values are in Australian dollars (A$), unless otherwise stated. The operating and historical financial information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of the Company's views on the Group's future performance or condition. You should note that past performance of the Group cannot be relied upon as an indicator of (and provides no guidance as to) future Group performance. This presentation may contain forward-looking statements with respect to the operations and businesses of the Group. Forward-looking statements can generally be identified using words such as "may", "will", "would", "could", "expects", "intends", "anticipates", and other similar words that involve risks and uncertainties. The assumptions underlying these forward-looking statements involve circumstances and events that have not yet taken place, and which are subject to uncertainty and contingencies outside the Group's control. Readers are cautioned not to place undue reliance on any forward-looking statements. No representation, warranty or assurance (express or implied) is given that the occurrence of the events expressed or implied in any forward-looking statement in this presentation will actually occur. The Group does not undertake any obligation to publicly release the result of any revisions to forward-looking statements in this presentation or to otherwise update forward-looking statements, whether as a result of new information, future events, or otherwise, after the date of this presentation, except as required by law. To the fullest extent permitted by law, no representation or warranty (expressed or implied) is given or made by the Company, its subsidiaries, or its respective directors, officers, employees, or representatives (including agents or consultants) nor any other person in relation to the fairness, accuracy, or completeness or correctness, likelihood of achievement or reasonableness of all or any part of this presentation and no responsibility for any loss arising in any way (including by negligence) from anyone acting or refraining from acting as a result of the material contained in this presentation is accepted by the Group. 2 FY22 Results Presentation APM enabling better lives#3Today's presenters Megan Wynne Executive Chair & Founder Occupational Therapist • Founded APM in 1994 Michael Anghie Group CEO • Joined APM in 2018 as CEO • Held senior leadership roles at global professional services firm Ernst & Young with a M&A background Steve Fewster Group CFO • Joined APM in 2021 as CFO Previous CFO roles at WesTrac, iiNet and Southern Cross Electrical Engineering 3 | FY22 Results Presentation Today's agenda • FY22 highlights • • FY22 business overview FY22 financial performance • Positive outlook APM enabling better lives#4APM acknowledges the Traditional Custodians of the lands. on which we live. We pay our respects to Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Globally, APM recognises the significance of indigenous peoples' communities and the important role they play within our own workforce and the world, underpinning our efforts to build a culture that embraces diversity, equality and inclusion. FY22 highlights | FY22 Results Presentation APM enabling better lives#5Enabling better lives every day APM is committed to helping make the United Nations Sustainable Development Goals (SDGs) a reality through our day-to-day work enabling better lives. & WELL-BEING GOOD HEALTH Good Health and Well- Being GENDER EQUALITY Gender Equality DECENT WORK & ECONOMIC GROWTH Decent Work and Economic Growth PARTNERSHIPS FOR THE GOALS 10 REDUCED INEQUALITIES Partnerships for the Goals Reduced Inequalities Diversity and inclusion at APM > 73% of our team self-identify as female > 4.8%¹ of our team self-identify within the LGBTQIA+ framework > 4th Reconciliation Action Plan (RAP) has been endorsed by Reconciliation Australia 5 FY22 Results Presentation During FY22, our work positively impacted the lives of more than 1.1 million people: > 639,466 job seekers supported globally > 185,802 people with a disability optimising independence > 111,493 people with mental health needs > 40,000 ex-offenders with community reintegration 25,807 defence personnel and veterans with their health and transition to civilian life Meet Ellie Cole - APM's new Ambassador Ellie is Australia's most decorated female Paralympian, with 17 medals and an OAM to her name. We are thrilled to work together to create and shape new pathways to inclusion. Making a positive and lasting social impact for refugees from Ukraine > Since May 2022, our German team has been delivering pro-bono resettlement and integration support for refugees from Ukraine To date more than 1,600 people from Ukraine have received vital assistance including support with housing, education, childcare, employment and health services (1) 4.8% represents Australia, New Zealand and United Kingdom APM enabling better lives#6Key FY22 highlights IPO Our 10,300 team members supported more than 1.1 million people across our 11 countries Successful IPO and listing on ASX Pro forma earnings and profit ahead of prospectus forecast NO COS ANGELES Completed 9 strategic acquisitions in Health and Disability in Australia and Employment Services in US and Sweden | FY22 Results Presentation Implemented Restart Scheme, largest Workforce Australia award and contract renewals Strong foundation and positive outlook for growth underpinned by secured contracts and strong balance sheet APM enabling better lives#7Exceeded FY22 Prospectus earnings forecast PRO FORMA NPATA¹ $166.3m Up 29% on FY21 7% above Prospectus Forecast STATUTORY NPATA $92.4m Up 89% on FY21 36% above Prospectus Forecast PRO FORMA EBITDA1 $308.0m Up 31% on FY21 5% above Prospectus Forecast REVENUE DIVIDEND $1,330.7m $0.05 Up 31% on FY21 In-line with Prospectus Forecast per share Top-end of Prospectus guidance³ PRO FORMA OPERATING CASH² $281.9m Up 25% on FY21 11% above Prospectus Forecast 7 | FY22 Results Presentation (1) Pro forma excludes one off non-recurring expenses associated with the IPO, advisory fees, debt and capital structure costs (see slide 27 for a reconciliation of EBITDA and NPATA). (2) Pro forma operating cash (statutory operating cash adding back cash income tax paid, net finance costs and one-off IPO and advisory fees). (3) At $0.05 per share equates to top-end of prospectus guidance when compared to prospectus NPATA of $155.1m less H1'22 of $77m x 60% APM enabling better lives#8Executing on our growth strategy Grow existing business Awarded 13% of contracts in Workforce Australia, most of any bidder (44 contracts in 34 regions) Established Restart Scheme Expanded employment services in Ontario, Canada with York award Contract extensions awarded across APM: . Residential Aged Care Assessments in Australia, • Various Justice rehabilitation programs in the UK, Integrate and scale M&A ox Pursue new markets Established presence in National Disability Insurance Scheme (NDIS) through acquisition of Early Start Australia and Mylntegra Entered Swedish Employment Services market through acquisition of Clustera > Expanded US business to 24 states and into Job Corp market > Growth in clinic, telehealth and mobile Allied Health service offering through the acquisition of Lifecare and Biosymm > Investment in talent > Expansion of Health services offering Opportunity to continue to build scale in Employment Services globally Continued investment in Disability and Aged Care sectors Continued investment in Employable ME (digital platform) > Strong pipeline of accretive acquisitions Employment Services extensions across Singapore, Korea, US and Europe > Debt refinancing completed providing capacity, flexibility and savings Rehabilitation Services and Vocational Assistance Program (RSVAP) in Canada on track 8 | FY22 Results Presentation APM enabling better lives#96 FY22 Results Presentation FY22 business overview APM enabling better lives#1010 APM Group Highlights ײון APM exceeded its Prospectus profit forecasts with $1,330.7m Revenue $308.0m $166.3m REVENUE ($m) 1,330.7 1,333.2 1,016.4 Pro Forma EBITDA Pro Forma NPATA FY21 Actual FY22 Actual FY22 Prospectus APMs financial performance demonstrates the resilience of the business and our ability to continue to deliver our services through varying operating conditions Australia and Europe led the group's strong performance despite the overall results being impacted by COVID-19 related absenteeism Investment in talent to deliver best in class high quality services | FY22 Results Presentation NPATA¹ ($m) 166.3 155.1 128.6 FY21 Actual FY22 Actual FY22 Prospectus In-line with Prospectus +314.3m / 31% Year on Year +11.2m / 7% Prospectus +37.7m / 29% Year on Year APM (1) NPATA is presented on a pro forma basis, refer slide 27 for a reconciliation with statutory accounts. Key adjustments relate to the IPO, advisory fees, foreign exchange impacts and the debt refinance in Jul'21. enabling better lives#11Australia 11 Highlights REVENUE ($m) 530.8 644.9 630.2 > Strong performance in Australian Employment Services > Continued to invest in expansion of the Health, Disability and Aged Care businesses Awarded largest market share in Workforce Australia contract and Residential Aged Care Assessments contract extension Second half was impacted by: > COVID-19 related absenteeism across all businesses, in particular Health Disruptive wind-down of jobactive and the transition to Workforce Australia program where all sites were operational 1 July 2022 Investment in integration of acquisitions and corporate services to support growth in FY23 and beyond FY21 Actual FY22 Actual FY22 Prospectus NPATA¹ ($m) 88.0 97.5 88.7 | FY22 Results Presentation FY21 Actual FY22 Actual FY22 Prospectus +14.7m / 2% Prospectus +114.1m / 21% Year on Year +8.8m / 10% Prospectus +9.5m / 11% Year on Year APM (1) NPATA is presented on a pro forma basis, refer slide 27 for a reconciliation with statutory accounts. Key adjustments relate to the IPO, advisory fees, foreign exchange impacts and the debt refinance in Jul'21. enabling better lives#12Europe + = Highlights > Transformational year with strong financial performance supported by: > Establishment of Restart Scheme Rebuilding justice business through new contract awards Recommenced National Citizens Youth contract REVENUE ($m) 272.3 414.7 389.8 FY21 Actual FY22 Actual FY22 Prospectus > Results impacted by variability across all programs due to COVID-19 > Established operations in Sweden through the acquisition of Clustera in January 2022 NPATA¹($m) 12 | FY22 Results Presentation 22.2 50.7 44.9 FY21 Actual FY22 Actual FY22 Prospectus - 24.9m / 6.0% Prospectus +117.5m / 43% Year on Year +5.8m / 13% Prospectus +28.5m/128% Year on Year APM (1) NPATA is presented on a pro forma basis, refer slide 27 for a reconciliation with statutory accounts. Key adjustments relate to a one-time benefit in deferred tax as additional historical losses were brought on balance sheet. enabling better lives#13North America Highlights > Full-year delivery of Ontario, Canada prototype and awarded the York contract in phase 1 procurement > Acquisition and integration of DWFS (US) and entry into Job Corp market together with contract wins expanding US operations to 24 States Start-up of the Canadian Rehabilitation Services and Vocational Assistance Program (RSVAP) on track for January 2023 commencement 13 | FY22 Results Presentation REVENUE ($m) 127.0 217.4 198.6 FY21 Actual FY22 Actual FY22 Prospectus NPATA¹($m) 11.6 9.8 6.1 FY21 Actual FY22 Actual FY22 Prospectus +18.8m / 9% Prospectus +90.4m / 71% Year on Year +1.8m / 18% Prospectus +5.5m / 90% Year on Year APM (1) NPATA is presented on a pro forma basis, refer slide 27 for a reconciliation with statutory accounts. Adjustments relate to minor transaction costs. enabling better lives#14Asia Pacific خالد 米 Highlights > Key contracts in the region renewed in South Korea with Ministry of Employment and Labour (MOEL) Success package in Korea and the Workforce Singapore contract > The Asia Pac region was adversely impacted by COVID-19 with reduced client volumes in Korea and New Zealand 14 | FY22 Results Presentation REVENUE ($m) 86.3 89.7 78.6 FY21 Actual FY22 Actual FY22 Prospectus NPATA ($m) 12.4 6.5 11.7 FY21 Actual FY22 Actual FY22 Prospectus - 11.1m 12% Prospectus - 7.7m / 9% Year on Year - 5.2m / 44% Prospectus - 5.9m / 48% Year on Year APM enabling better lives#1515 FY22 Results Presentation FY22 financial performance APM enabling better lives#16Strong growth in revenue and earnings A$m Revenue FY22 FY22 FY21 Growth Prospectus Vs Prospectus 1,330.7 1,016.4 31% 1,333.2 0% Pro forma EBITDA¹ 308.0 234.7 31% 294.9 4% Pro forma EBIT2 185.6 131.5 41% 174.0 7% Pro forma profit before tax (PBT) 146.8 97.7 50% 137.9 6% Pro forma profit after tax (NPAT) 114.6 77.8 47% 103.2 11% Pro forma NPAT before amortisation (NPATA)³ 166.3 128.6 29% 155.1 7% Statutory NPATA 92.4 48.9 89% 68.2 35% 16 |FY22 Results Presentation (2) EBIT earnings before interest and tax Revenue up 31% to $1,330.7m Revenue growth split between 57% organic and 43% M&A Underpinned by strong performance in Australia, ramp-up in Restart Scheme in the UK and new acquisitions Partially offset by COVID-19 impact in APAC business and Allied Health in Australia and lower pass-through revenue Pro forma EBITDA up 31% to $308.0m Maturation of the Restart Scheme drove scale benefits partially offset by a lower second half in Australia as a result of COVID-19 absenteeism, transition to Workforce Australia and investment in integration and corporate services supporting growth Pro forma NPATA up 29% to $166.3m Effective tax rate of 22% marginally lower than prospectus driven by utilization of tax losses in the UK Estimated future pre-tax annual interest savings of $15m on margin driven by lower cost refinance in July 2022 (1) EBITDA earnings before interest, tax, depreciation and amortisation (3) Refer slide 27 for a reconciliation of pro forma EBITDA to statutory EBITDA and pro forma NPATA to statutory NPATA APM enabling better lives#17Strong balance sheet and liquidity position A$m 30-Jun-22 30-Jun-21 Current assets 532.5 Non-current assets 2,146.0 314.8 1,857.8 Total assets 2,678.5 2,172.6 Current liabilities Non-current liabilities Total liabilities Net Assets (364.0) (282.3) (834.8) (1,846.7) (1,198.8) (2,129.0) 1,479.7 43.6 Refinance syndicated multicurrency revolving corporate facility (effective July 2022) Facility Maturity 523.0 317.0 Jun'23 Jun'24 Jun'25 Jun'26 Jun'27 Growth in net assets Cash increased $64.6m to $171.4m, net of IPO proceeds, acquisitions and capital expenditure Working capital increased $15m driven by acquisitions and maturation of the Restart Scheme Reduction in non-current liabilities due to conversion of $965.5m in shareholder loans to equity as part of the IPO Strong credit support for APM Refinancing Net debt including lease liabilities of $519m down $1.1bn with leverage of 1.7x pro forma EBITDA (including lease liabilities) Refinanced Term Loan B (TLB) facility to an increased syndicated multi- currency revolving corporate facility of $840 million with $603 million. utilised at 30 June 2022, and approximately $409 million of liquidity available Australia's first corporate social loan The new facility funding costs are at an average of 210 basis points driving estimated annual pre-tax interest saving of $15 million at current BBSY APM 17 FY22 Results Presentation (1) Leverage reflects net debt (including lease liabilities) divided by FY22 pro forma EBITDA enabling better lives#18Strong growth in operating cashflows A$m FY22 FY21 Growth Statutory operating cashflow 217.1 219.0 (3%) Add: IPO deal costs in operating cash flow 36.3 (1.0) Add: Net finance costs paid 0.2 (0.2) Add: Net income taxes paid 28.3 8.0 Pro forma operating cashflow¹ 281.9 225.8 25% Pro forma EBITDA² 308.0 234.7 31% Pro forma EBITDA cash conversion³ 92% 96% Statutory cashflow Operating cashflow Investing cashflow Financing cashflow Net increase / (decrease) in cash Opening cash (including FX differences) Closing cash 18 | FY22 Results Presentation 217.1 219.0 (3%) (252.2) (1,251.1) 100.9 1,137.9 65.8 105.8 105.6 1.0 171.4 106.8 61% Pro forma operating cashflow increased 25% to $281.9m > Underpinned by EBITDA growth in FY22 Investing cashflow of -$252.2m Acquisitions of Generation Health, DWFS, Early Start Australia, Mylntegra and Mobility, Clustera, Biosymm and Lifecare ($207.3m) Capex driven by Restart Scheme mobilisation, Canadian RSVP ramp-up, IT fleet and security upgrades - $39.6m Financing cash flows of +$100.9m Includes proceeds of $343.5m from the IPO and debt repayments of $167.8m Interest payments down $23.5m following July 2021 debt refinance, IPO and debt repayment (1) pro forma operating cash (statutory operating cash adding back cash income tax paid, net finance costs and one-off IPO and advisory fees) (2) Earnings before interest, tax, depreciation and amortization, refer slide 27 for a reconciliation of pro forma EBITDA (3) Cash conversion reflects pro forma operating cash (statutory operating cash adding back cash income tax paid, net finance costs and one-off IPO advisor fees) divided by pro forma EBITDA. APM enabling better lives#1919 FY22 Results Presentation Positive outlook APM enabling better lives#20Market fundamentals underpin medium term growth Employment Services Communities and Assessments Disability and Aged Care Support Services Health and Wellbeing Structural changes in labour markets Greater focus on underemployment and unemployment Increased policy focus on people with Disability and Aged Care services Increasing demand for community care across Disability and Aged Care sectors Heightened focus on health and wellbeing, prevention, early intervention and workforce participation Growing focus on both physical and mental health and wellbeing 20 20 | FY22 Results Presentation APM enabling better lives#21Tangible return to our customers Employment in Australia 33x Over lifetime 1 Employment in the United Kingdom Mental Health in Australia Rehabilitation and injury prevention in Australia 4.5x 2.3x 28x-32x Over proceeding 4 years For every dollar invested For every dollar invested 4 Potential government savings from increased employment is illustrated by the total lifetime cost of future payments to working age welfare recipients in Australia estimated at $471 billion (30 June 2018) or an average lifetime cost of approximately $0.38 millon per recipient which equates to 33 times the average annual welfare payment to each working age recipient of $11,500 21 |FY22 Results Presentation > In the UK, analysis suggested that for every £1.00 invested in the Work Programme the return from a broader societal cost benefit perspective was up to £4.51 when impacts are extrapolated over four years > In Australia, research suggests that $1.00 spent on effective workplace mental health actions may generate $2.30 in benefits to an organisation with these derived from a reduction in presenteesim, absenteeism, and compensation claims Research has suggested that in Australia, the vocational rehabilitation industry has a return on investment of between $28-$32 for every $1 invested (1) $471 billion / $0.38 million sourced from 30 June 2018 actuarial valuation undertaken by the Department of Social Services. 33x = $380,000 / $11,500 (2) Work Programme is the predecessor contract to the Work and Health Programme in the UK. Value source The Work Programme - a quantitative assessment (Department of Works and Pensions, November 2020) (3) Creating a mentally healthy workplace - Return on investment analysis (PWC, March 2014) (4) Australian Rehabilitation Providers Association Submission to The Productivity Commission Draft Report on "A Better Way to Support Veterans" (February 2019). APM enabling better lives#22APM's key success factors 22 Best in class client centred evidence based service delivery focussed on individual needs Dedicated team with aligned values > Founder led, experienced management team with material share ownership Invested in talent and their development Leading competitive position in multiple markets Exposure to large addressable markets that are resilient through economic cycles > Established client network, large geographic footprint > APM's 'think globally, act locally' Barriers to entry with Governments increasingly focussed on value for money | FY22 Results Presentation Adaptable operating model > Data-driven approach to drive quality, efficiency and effectiveness of service delivery Periodic price reviews for inflation in most contracts > Ability to attract talent > Strong cash conversion Trusted partner with our customers > Long-term relationships underpinned by program tenure. > Consistently delivering strong outcomes for clients and customers Market-leading contract performance > Systems that enable team to support clients Focus on individuals needs and local markets Assess contract performance at a site level > DES Star Rating March 2022 is 3.98 (+30% above market average) Avg. Star Rating 0 100 200 APM enabling better lives 300 400 500 Number of Locations APM enabling better lives#23Positive outlook in FY23 supported by secured contracts Australia > Strong start to Workforce Λ Australia contract Contract extension in Residential Aged Care Assessments > Continue to build scale within our Health, Disability and Aged Care businesses via organic growth and strategic acquisitions > Full year contribution from FY22 acquisitions Lifecare, Early Start, MyIntegra and Biosymm Europe Restart Scheme full year contribution Focus on new contract awards in the Justice sector Continue to scale Sweden operations > Contract extensions in Germany North America > Commence delivery of new contract awards in Canada with RSVAP commencing in January 2023 and the second Ontario employment services contract award in York commencing in April 2023 > Full year contribution from acquisition of DWFS and new contracts Asia Pacific Market recovering from the impacts of COVID-19 and we are well positioned for the longer term > Singapore Employment Services contract extended > Growth opportunities emerging in South Korea across employment and outplacement services 23 |FY22 Results Presentation 米田 NZ APM enabling better lives#24Well positioned to grow shareholder value Medium term mid-teens earnings growth Deliver market leading performance on our existing programs Assess and complete accretive strategic acquisitions Enter new markets and expand depth and breadth of service offering APM's proven growth strategy Invest in our people and support them to deliver best in class high quality outcome focussed services for the clients, customers and communities we serve > The opportunity in Australia is significant across Health, National Disability Insurance Scheme and Aged Care > Globally, APM continues to see a strong pipeline of opportunities in Health and Employment Services > Organic growth through new contract wins complimented by accretive strategic acquisitions supported by a strong balance sheet > Investment in capability and capacity - people, innovation and technology While the exact timing of growth opportunities can be difficult to predict, our goal is to achieve sustainable annual¹ profit growth over the medium term in the mid-teens APM 24 |FY22 Results Presentation (1) Mid-teens annual target is based on annualised compound annual growth rate (CAGR) in the medium term enabling better lives#2525 FY22 Results Presentation Questions APM enabling better lives#2626 FY22 Results Presentation Appendix APM enabling better lives#27Reconciliation of pro forma to statutory EBITDA and NPAT Reconciliation to Statutory Results A$m Pro forma EBITDA Note FY22 FY211 308.0 234.7 IPO and transaction costs 1 (36.3) 1.0 Extinguish pre-IPO MEP plan 2 (10.5) 1.2 Foreign exchange impact 3 (9.7) 7.8 Employee IPO Gift 4 (5.1) Total EBITDA Adjustments (61.6) 10.0 Statutory EBITDA 246.4 244.7 Pro forma NPATA 166.3 128.6 IPO and transaction costs 1 (36.3) 1.0 Extinguish pre-IPO MEP plan 2 (10.5) 1.2 Foreign exchange impact 3 (9.7) 7.8 Employee IPO Gift 4 (5.1) Debt refinance - July 2021 5 (24.7) Reverse pre-IPO bank interest 6 (32.7) (55.7) Capital structure on IPO 6 29.3 29.3 (28.3) (72.7) 22.6 21.4 (73.9) 92.4 9.3 (79.8) 48.9 Shareholder interest expense Tax expense adjustment Tax effect of adjustments Total NPAT Adjustments Statutory NPATA Amortisation Pro forma NPAT Statutory NPAT 27 |FY22 Results Presentation 789 51.7 50.8 114.6 77.8 40.7 (1.9) 1. IPO and transaction costs - IPO and external advisor costs 2. Extinguish MEP plan - As a result of the Offer, the Management Equity Plan was fully vested and expensed in the income statement 3. FX impact - FX impact on fluctuations on USD denominated debt and intercompany loans 4. IPO gift - on IPO, APM offered a gift of Shares to qualifying employees 5. Debt refinance - expense associated with APM's refinance of the first and second lien term loan facility to an all first lien facility in July 2021 6. Capital structure - proceeds from the IPO were used to pay down debt and subsequently reduce the interest expense. This adjustment assumes the go forward capital structure was in place for the entire period reported 7. Shareholder interest - removing historical interest expense relating to the non-redeemable preferences (Series A) shares which converted to ordinary equity on IPO 8. Tax adjustment - removing tax refund in Australia ($10.8m) and deferred tax impact of losses brought on balance sheet in the UK ($13.0m) less a CGT cost ($1.2m) related to the IPO 9. Tax effect - recognise the tax effect of the abovementioned adjustments (note: shareholder interest expense is non- deductible for Australian tax purposes) (1) FY21 includes an adjustment for advisory costs to align with presentation for FY22 and FY22 prospectus APM enabling better lives#28Reconciliation of pro forma to statutory NPATA by segment Reconciliation to Statutory Results A$m Note FY22 FY21 Mov't FY22 Prospectus Mov't Australia 97.5 88.0 11% 88.7 9.5% Europe 50.7 22.2 128% 44.9 14.1% North America Asia Pacific Pro forma NPATA Australia 11.6 6.1 90% 9.8 6.5 12.4 -48% 11.7 17.1% (44.3%) 166.3 128.6 29% 155.1 7.3% Europe North America Asia Pacific 12 86.0 79.8 8% (86.9) 2 (12.4) 0% 3 0.3 0% 4 (0.1) 0% Total NPATA Adjustments 73.9 79.8 -7% (86.9) Australia 12.0 8.2 41% 1.8 n.m. Europe 62.6 22.2 184% 44.9 41.6% North America 11.3 6.1 84% 9.8 15.3% Asia Pacific 6.5 12.4 -47% 11.7 (45.9%) Statutory NPATA 92.4 48.9 89% 68.2 39.0% n.m. not meaningful 28 FY22 Results Presentation 1. Australia - Refer previous slide for a breakdown and description of the adjustment. Most of which relate to the Australian segment 2. Europe - tax impact of losses brought on balance sheet in the UK ($13.0m) offset by minor FX impact on intercompany loans 3. North America - Minor advisory costs 4. Asia Pacific - Minor FX impact on intercompany loans APM enabling better lives#29APM's service offering Employment Services Health and Wellbeing Communities and Assessments Disability and Aged Care Support Services FY22 Revenue 71% Core services description¹ Delivery of services to individuals who require support to find work, including those with: > Injury, illness or disability; Sole parents and youth; Aged workers, ex-offenders; and People from culturally or linguistically diverse backgrounds Geographies AUS, NZ, UK, North America, Europe (inc Sweden), Asia Revenue models¹ > Service fee > Outcome fee (results or milestone) > Cost reimbursement and cost plus FY22 Revenue 21% Core services description¹ Delivery of government, insurance and corporate health programs focused on: Injury prevention; Rehabilitation (medical, psycho-social and vocational); Allied health; and Psychological intervention services Geographies AUS, NZ, UK, Canada, Europe Revenue models¹ Fixed fee > Fee for service FY22 Revenue 6% Core services description¹ APM works with individuals to develop support plans for funded and non- funded support. Also operates community-based programs including youth, justice, and veterans' services Geographies AUS, NZ, UK Revenue models¹ Service fee Outcome fee (results or milestone) Fixed fee > Fee for service FY22 Revenue 2% Core services description¹ Support services including: Plan management; Support coordination; and An on-demand home care services market place Geographies AUS Revenue models¹ > Fixed fee > Fee for service 29 FY22 Results Presentation (1) Refer to the Prospectus of APM Human Services International Limited for a more fulsome description of each service line and revenue model. APM enabling better lives#30Employment Services الد Health and Wellbeing Services. + 米 Employment Services are services that support jobseekers to find sustainable employment and employers to fill vacant positions. Employment programs or schemes, are typically funded by government agencies and departments and delivered by third party service providers. Employment Services include activities such as job search assistance, interview preparation, resumé writing, training in specific job skills, and broader support for jobseekers to become 'job ready'. For individuals who secure a job placement, ongoing support is typically available with services including on-the-job training, communicating with employers and co-workers, and assisting with the organisation of workplace modifications. Increasing the ability for jobseekers to participate in the labour market provides financial and non-financial benefits to governments, employers, and jobseekers, including: • increased social participation and economic contribution; reduced spend on welfare programs and government budgets; • increased GDP; greater supply of labour for employers; and improved standard of living, greater financial security, social inclusion, and mental health benefits for employees. Services are focused on assisting people with improving physical function and recovery following an injury or illness, to support people to remain mentally and emotionally healthy, and to support people to stay at work or return to work following an injury or health issue experienced at work. Delivery of government, insurance and corporate health programs focused on prevention, rehabilitation (medical, psycho-social and vocational), allied health and psychological intervention services. APM's multidisciplinary teams also offer health and wellbeing services, workplace support and education and training programs. Early Start Australia provides Psychology, Occupational Therapy, Speech Pathology and Physiotherapy services for people with physical, developmental, social, or emotional impairment to achieve their full potential. ESA also provides specialist services for children with autism or similar developmental needs. ESA utilises the Early Start Denver Model (ESDM), which is an evidence-based, behavioural early intervention program for children aged one to four. ESDM combines the best practices of Applied Behaviour Analysis with a routine based, play and relationship focused approach. Parents and therapists use play and shared activities to build each child's social-emotional, cognitive and language abilities. ESDM therapy can be provided at home, in a clinic or in child-care or school and is provided by certified Therapists. 30 | FY22 Results Presentation APM enabling better lives#31Communities and Assessments الد * Assessment services are delivered on behalf of individuals, governments, insurance companies, and corporates. These include the assessment of an individual's: early childhood development; injury, illness, impairment or disability; functional and work capacity; workplace modifications, wage subsidy and ongoing support requirements. APM also provides assessment of eligibility and community support requirements for those living with disadvantage, disability and/or old age. APM delivers programs tailored to an individual's capabilities and needs, for vulnerable members of the community, such as the justice and youth sectors. Community-based practice allows for APM consultants to work with clients and other stakeholders such as families, schools, employers, agencies, service providers and others who may influence the degree of success the client will have in achieving their participation goals. Programs are strengths-based with the goal of increasing an Individual's independence and resilience and optimising community participation and quality of life. Disability and Aged Care Support (c² Aged Care and Home Care and Support services include services for the elderly that support and promote independent living. In Australia, the Government funds two home care programs, the Commonwealth Home Support Program (CHSP) which provides entry-level support and the Home Care Packages Program (HCP) which caters to those who require more complex support. Support and services that are funded include personal care services, domestic assistance, food services, and home maintenance assistance. Both the CHSP and HCP are supported by service providers who provide services directly to program participants. MyIntegra and Mobility provide a range of disability and aged care support services. Mylntegra provides plan management and support coordination for NDIS participants. Mobility is a marketplace for on-demand home care services connecting service providers with participants of both the NDIS and Aged Care sectors. 31 | FY22 Results Presentation APM enabling better lives#3232 The APM Group Australia Europe APM APM APM APM employment services communities -- assessment services assure FICOSIAL enabling better lives ingeus Clustera Ruste och matcha communicorp generation health early start AUSTRALIA Konekt workcare Cic FBG Olifecare mobility myintegra Biosymm mci institute mci solutions mci achieve FY22 Results Presentation North America Asia Pacific wwcg BROSS Innovative Employment Solutions grant Associates APM workcare ingeus DYNAMIC Workforce Solutions APM enabling better lives#33Glossary APAC Asia Pacific Region ESA Early Start Australia ASX Australian Securities Exchange ESDM Early Start Denver Model BBSY Bank Bill Swap Bid Rate FX Capex Capital Expenditure FY22 CEO Chief Executive Officer GDP Foreign Exchange Financial year ended 30 June 2022 Gross Domestic Product CFO Chief Financial Officer H1 FY21 Period 1 July 2020 to 31 December 2020 CHSP Commonwealth Home Support Program H1 FY22 Period 1 July 2021 to 31 December 2021 COVID-19 Coronavirus H2 FY22 Period 1 January 2022 to 30 June 2022 CRS Concussion Rehabilitation Services (New Zealand) HCP Home Care Packages DES Disability Employment Services IPO DESI Dynamic Educational Systems, Inc LGBTQIA+ DWFS Dynamic Workforce Solutions LTIP EBIT Earnings before interest and tax M&A EBITDA Earnings before interest, tax depreciation and amortisation MEP Initial Public Offering Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual Long Term Incentive Plan Mergers and Acquisitions Management Equity Plan 33 | FY22 Results Presentation APM enabling better lives#34Glossary 34 MOEL Ministry of Employment and Labour (Korea) VRS Mov't Movement WIOA Vocational Rehabilitation Services (New Zealand) Workforce Innovation and Opportunity Act (US) NDIS National Disability Insurance Scheme NPAT Net profit after tax NPATA Net profit after tax and amortisation PBT Profit before tax pcp PF PMET RACA RAP RSVAP SDGs TANF Previous corresponding period Pro Forma Professionals, Managers, Executives and Technicians Residential Aged Care Assessments Reconciliation Action Plan Rehabilitation Services and Vocational Assistance Program Sustainable Development Goals Temporary Assistance for Needy Families (US) FY22 Results Presentation APM enabling better lives#35Contact us Approved for release by the Board of APM Human Services International Limited For further information please contact: Investors Matt Cooper Investor Relations Manager E: [email protected] +61-403 604 915 Ronn Bechler Executive Director, Automic Group E: [email protected] P: +61-400 009 774 Media Adrian Bradley General Manager - Corporate Affairs E: [email protected] P: +61-2 6214 8800 35 | FY22 Results Presentation P: APM enabling better lives

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