MNF FY16 Results Presentation
MNF performance at a glance:
REVENUE $161 million
FY16 Revenue increased 88% on the prior corresponding period (PCP) to $161m. With 12 months of the TNZI acquisition (versus 3 months in FY15) plus 1 month from the US part of the TNZI acquisition, combined with strong organic growth in the Domestic Wholesale segment.
MARGIN - $49 million
FY16 Margin increased 53% on the PCP to $49m. All segments made strong contributions to the result. Year on year the Global Wholesale segment benefited from 12 months contribution from TNZI, with Domestic Wholesale showing the biggest organic growth, and Domestic Retail steady.
EBITDA - $17.8 million
FY16 EBITDA increased 46% on the PCP to $17.8m. The result is slightly ahead of expectation due to strong margin growth and good cost control on overheads.
EPS - 13.45c
EPS at 13.45c represents an increase of 17% on the PCP. This result represents a 5 year CAGR of 19.2% demonstrating the consistent long term shareholder return from the business.
NPAT - $9.0 million
FY16 NPAT increased 25% on the PCP to $9.0m, a pleasing result which was 7% above initial forecasts. This NPAT CAGR is a solid 23.8% over the last 5 years.
DIVIDEND - 7.00c
A final declared dividend of 3.50c brings the full year dividend to 7.00c, a 22% increase on the PCP. This represents 52% of EPS, which is consistent with prior years.
The Group CEO, Rene Sugo, details the Future Roadmap for MNF and the FY 17 Roadmap for the Company, including:
- Continue to drive organic growth:
-- Build on reputation as the "go-to" wholesale provider in Australia and New Zealand
-- Small to Medium Business Virtual PBX growth
-- Drive service provider acquisition on iBoss
- Continue to build software intellectual property base
- Execute TNZI strategy
-- Complete integration works
-- Continue network upgrade
-- Productise more markets in Asia-Pacific region
- Continue to roll out Symbio managed services products into global market
- Become the "go-to" specialist for voice in Asia-Pacific region
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About MNF Group Ltd
MNF Group Limited (ASX:MNF) is one of Asia-Pacific's fastest growing technology companies. Listed on the ASX since 2006, it is now capitalised at around $380m, and twice winner of the Forbes Asia-Pacific "Best under a Billion" award. Headquartered in Sydney, Australia, the company has over 500 people located across Asia-Pacific, Europe and North America. MNF develops and operates a global communications network and software suite enabling some of the world's leading innovators to deliver new-generation communications solutions.
As the world moves to IP, MNF Group is building the brands, services, network and technology to lead the way. For further information about MNF Group Limited please visit: http://mnfgroup.limited/
MNF Group Ltd