FY23 Results Presentation
Priorities and Outlook
APM is uniquely positioned to expand its services globally partnering with Stakeholders to deliver
programs that create sustainable social and economic impact
We strive to deliver medium term underlying earnings growth in the
mid-teens with strong cashflow conversion through the execution of
our organic and inorganic growth strategy
Operational Outlook:
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Expansions of existing programs to support medium term growth
FY24 mobilisation of newly awarded contracts will go live and contribute
incremental revenue of $125m+ in FY25
Employment Services growth to be subdued in FY24 due to low unemployment
rates reducing client flows into employment programs
Client flows in Employment Services may change through an increase in
unemployment rates and/or policy shifts
Health and Wellbeing expected to continue to grow as we continue to invest to
attract and retain talent, in systems and the expansion of service reach
North American business expected to grow on the back of recent contract
awards and the Equus acquisition
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Assessment of pipeline of strategic accretive acquisitions
Cashflow and balance sheet:
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FY24 cash flow conversion is expected to be greater than 85%
FY24 Key Priorities
Continue investment in Health
and Wellbeing
Growth sector which has
significant unmet demand
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Drive efficiency
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Integration and optimisation of
recent acquisitions
Enhance quality outcomes for
our clients/customers
New business
•
Convert strong pipeline of new
contract opportunities
No key contracts are due for
renewal in FY24 or FY25
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Functional Assessment Services
Mobilisation of contracts
Ontario Employment
Transformation
Job Corps
Existing clients
Deliver strong outcomes for our
clients
•
•
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Engage clients
M&A
Continue to assess and execute
strategic accretive M&A
APM
100
enabling better lives
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Leverage expected to reduce noting APM may consider debt to fund
acquisitions
FY23 Results Presentation | August 2023
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