28 April 2016 Market Announcements Office ASX Limited MYOB AGM Presentation and Addresses In accordance with ASX Listing Rule 3.13.3, attached are the presentation slides together with the Chairman’s and CEO’s addresses which will be delivered at the MYOB Annual General Meeting commencing at 10.00am today (Level 8, 45 Clarence Street, Sydney). Yours sincerely, Ian Boylan Company Secretary MYOB Group Limited Enquiries: Sara Musgrave Head of Investor Relations T: +61 2 9089 9237 M: +61 428 669 456 sara.musgrave@myob.com Supporting Resources For more information on MYOB, please visit: Investor Centre: http.investors.myob.com.au Website: http.myob.com.au MYOB Group Limited ABN 61 153 094 958 Registered office: Level 3, 235 Springvale Road, Glen Waverley, VIC 3150
A N N U A L G E N E R A L M E E T I N G FY15 For the year ended 31 DECEMBER 2015 PRESENTERS JUSTIN MILNE TIM REED NON EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER 28 APRIL 2016
Important Notice The information contained in this FINANCIAL DATA Although MYOB believes these non-GAAP PAST PERFORMANCE document (including this notice) or financial measures provide useful information to discussed at this presentation (collectively, All information in the Presentation is in users in assessing the financial performance and Past performance information given in this the Presentation) has been prepared by Australian dollars. condition of its business, you are cautioned not presentation is given for illustrative purposes MYOB Group Limited (MYOB). to place undue reliance on any non-GAAP only and should not be relied upon (and is not) The Presentation contains pro forma financial financial measures included in the Presentation. an indication of future performance. The Presentation is subject to the information. Such pro forma financial conditions outlined below. Your receipt or information has not been prepared in FORWARD STATEMENTS DISCLAIMER viewing of the Presentation evidences your accordance with disclosure requirements of acceptance of those conditions and that applicable accounting standards and other No representation or warranty, expressed or The information is supplied in summary form you agree to be bound by them. mandatory reporting requirements in Australia. implied, is made as to the accuracy, reliability, and is therefore not necessarily complete. The adequacy or completeness of the information material contained in this presentation may NO OFFER OF SECURITIES The pro forma historical financial information and opinions contained in the Presentation. include information derived from publicly included in the Presentation does not purport to available sources that have not been The Presentation is not a prospectus, product be in compliance with Article 11 of Regulation S- The Presentation may contain certain forward independently verified. No representation or disclosure statement, disclosure document or X of the rules and regulations of the U.S. looking statements, including estimates, warranty is made as to the accuracy, other offer document under Australian law or Securities and Exchange Commission. Certain projections and opinions (Forward Statements). completeness or reliability of the information. under any other law. It does not, and is not financial numbers labelled “pro forma” in this We use words such as ‘will’, ‘may’, ‘intend’, intended to, constitute an offer for subscription, presentation have been adjusted to reflect ‘seek’, ‘would’, ‘should’, ‘could’, ‘continue’, To the maximum extent permitted by law, the financial product advice, invitation, solicitation certain pro forma items, including the impact of ‘plan’, ‘probability’, ‘risk’, ‘forecast’, ‘likely’, MYOB Group and each of its affiliates, directors, or recommendation by any person or to any historical acquisitions and divestments, to ‘estimate’, ‘anticipate’, ‘believe’, or similar employees, officers, partners, agents and person with respect to the purchase or sale of eliminate non-recurring items and to reflect words to identify Forward Statements. Forward advisers and any other person involved in the any securities or financial products in any standalone public company costs, which have Statements may involve known and unknown preparation of the Presentation disclaim all jurisdiction, and also does not form the basis of been more reflected in the historical and risks and uncertainties and other factors, many liability and responsibility (including without any contract or commitment to sell or apply for forecast periods. of which are beyond the control of the MYOB limitation, any liability arising from fault or securities in MYOB or any of its subsidiaries. Group, and have been made based upon negligence) for any direct or indirect loss or Certain financial data included in the management’s expectations and beliefs damage which may arise or be suffered through The information contained in the Presentation Presentation are “non - GAAP financial measures” concerning future developments and their use or reliance on anything contained in, or has been prepared without taking account of under Regulation G of the U.S. Securities potential effect on us. No representation is omitted from, the Presentation. The MYOB any person’s investment objectives, financial Exchange Act of 1934, as amended. These non- made or will be made that any Forward Group accept no responsibility or obligation to situation or particular needs and noting GAAP financial measures do not have a Statements will be achieved or will prove to be inform you of any matter arising or coming to contained in the Presentation constitutes standardized meaning prescribed by Australian correct. Actual future results and operations their notice, after the date of the presentation investment, legal, tax or other advice. You must Accounting Standards and therefore may not be could vary materially from the Forward or this document, which may affect any matter not rely on the Presentation but make your own comparable to similarly titled measures Statements. Circumstances may change and the referred to in the Presentation. independent assessment and rely upon your presented by other entities, and should not be contents of this Presentation may become own independent taxation, legal, financial or construed as an alternative to other financial outdated as a result. This presentation should be read in conjunction other professional advice. measures determined in accordance with with MYOB’s other periodic and continuous Australian Accounting Standards. disclosure announcements lodged with the ASX, which are available at www.asx.com.au. 2 MYOB AGM PRESENTATION
MYOB Board of Directors, CFO and Company Secretary The Board currently comprises 6 Directors, with 5 Non-Executive Directors (3 of which are independent). The Chairman has the casting vote. Committed to the highest standard of corporate governance - Sustainability and Diversity policies have been further developed since listing. Search currently underway for an additional independent, Non-Executive Director. Justin Milne Anne Ward Andrew Stevens Paul Edgerley Craig Boyce Tim Reed Independent Non-Executive Independent, Non-Executive Independent, Non-Executive Non-Executive Director Non-Executive Director Chief Executive Officer Director, Chairman Director and Chairman of Director and Chairman of the Remuneration and the Audit and Risk Nomination Committee Management Committee High calibre Directors Culture of constructive debate Richard Moore Ian Boylan Chief Financial Officer General Counsel & Company Robust governance processes Secretary 3 MYOB AGM PRESENTATION
AGENDA 1 CHAIRMAN’S ADDRESS 2 CEO’S PRESENTATION 3 FORMAL BUSINESS 4 MYOB AGM PRESENTATION
1 CHAIRMAN’S ADDRESS JUSTIN MILNE NON EXECUTIVE CHAIRMAN 5 MYOB AGM PRESENTATION
About MYOB SME SOLUTIONS PRACTICE SOLUTIONS ENTERPRISE SOLUTIONS Provides accounting software to 1.2 Provides practice software to more than Provides enterprise software, including million SMEs, including accounting, 40,000 accountants, including client ERP and HRM software, to more than 7,000 payroll, tax and other business accounting, practice management, tax, medium and large businesses (generally management software, with secure document management, company 20 - 999 FTEs, with some1,000+). bank transaction data from banks or secretarial and insolvency solutions. other financial institutions to assist in the preparation of the SME’s accounts. PRO FORMA REVENUE PRO FORMA REVENUE PRO FORMA REVENUE $328m AUSTRALIA SME SOLUTIONS NEW ZEALAND PRACTICE SOLUTIONS ENTERPRISE SOLUTIONS 17% 13% 25% 83% 63% 6 MYOB AGM PRESENTATION
Pro Forma FY15 Results KEY METRICS PRO FORMA REVENUE OF PRO FORMA EBITDA OF $328 MILLION $153 MILLION PRO FORMA NPATA EPS OF 14.7C UP 10% YOY 1 UP 19% YOY 1 RECURRING REVENUE UP 11% TO $312 MILLION, OR 95.1% OF TOTAL REVENUE PRO FORMA NPATA OF PRO FORMA CASHFLOW CONVERSION OF $86 MILLION 87% MILLION STATUTORY EBITDA OF $124 MILLION AND NPAT OF UP 22% YOY 1 UP 1% YOY 1 ($42 MILLION) On or ahead of prospectus forecast Note: 1. vs pro forma FY14 per IPO prospectus on a like-for-like basis. 7 MYOB AGM PRESENTATION
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