COLLECTION HSE FY17 Results
Collection House Limited
24 AUGUST 2017
1
FY17 financial results
Statutory profit after tax of
$17.4m EPS 12.8
Underlying profit after tax of $19.9m, EPS 14.7; at the top end of guidance
Total revenue increased 1% to $133.4m
Final dividend 3.9c fully franked, full year dividend
7.8c fully franked
Disciplined PDL investment
93% (58.3m) of FY17 target achieved ($62m invested in FY16)
Bid on 112 PDL opportunities in FY17 - 26 bids in FY16
Newly hired Chief Data Scientist. Charged with further improving our purchase models
New lines of business exceeding expectations
CLH Business Services exceeding client expectations
ThinkMe Finance in FY17
successfully launched and is growing rapidly
Efficiency gains across the Group
Outbound call volume increased by ~40% since the successful deployment of the Genesis Interactive Intelligence contact centre solution
Much improved productivity with increase to outbound call volume despite the reduction in call centre staff
PDL agent collections significantly increased in FY17 leading to a higher return per agent
2Year to June ($m) | FY14 | FY15 | FY16 | FY17 | | |
Reported | ||||||
PDL Revenue | 63.1 | 77.6 | 74.6 | 64.8 | -13% | |
Collection Services Revenue | 44.2 | 48.5 | 58.1 | 68.6 | 18% | |
Total Revenue | 107.3 | 126.0 | 132.7 | 133.4 | 1% | |
EBITDA | 77.5 | 90.3 | 84.7 | 74.6 | -12% | |
Net Profit After Tax | 18.7 | 22.5 | 18.6 | 17.4 | -6% | |
Statutory EPS (cents) | 14.7 | 17.2 | 14.0 | 12.8 | -8% | |
Underlying EPS (cents) | 14.7 | 17.2 | 15.7 | 14.7 | -6% | |
DPS (cents) | 8.0 | 9.1 | 7.8 | 7.8 | - |
FY17 PDL pipeline opened slow with
$16.5m as compared with FY18 at $36.4m
Collection Services revenue maintaining strong growth with FY17 representing
record revenue performance
3Year to June ($m) | FY14 | FY15 | FY16 | FY17 | | |
Cashflow | ||||||
Operating cash flow | 65.9 | 77.7 | 84.3 | 62.0 | -26% |
|
PDL acquisitions | 82.2 | 72.3 | 61.9 | 58.3 | -6% | overdraft |
Capex | 3.4 | 3.1 | 5.3 | 1.8 | -67% |
|
facilities at 30 June 2017 | ||||||
Free cash flow | -19.7 | 2.3 | 17.1 | 1.9 | -89% | |
| ||||||
Balance sheet | ||||||
PDL cash collections | 106.5 | 127.6 | 123.3 | 104.4 | -15% | |
PDL carrying value | 234.0 | 256.0 | 265.0 | 284.0 | 7% | |
Net borrowings | 99.0 | 112.0 | 109.0 | 122.0 | 12% | |
Net borrowings/PDL carrying value | 42% | 44% | 41% | 43% | ||
Gearing* | 39% | 40% | 38% | 39% | ||
* Net debt / Net debt + Equity |
Collection House Limited published this content on 27 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 August 2017 13:07:03 UTC.
Original documenthttp://www.collectionhouse.com.au/pdf/Results_Presentation_2017.pdf
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