070917_KPGHL_Annual Report 2017_final_PREVIEW

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Performance Highlights Full Year Financial Highlights Strong growth in Underlying Pro forma FY17 P&L metrics compared to prior year. Underlying Pro forma FY17 P&L metrics all above prospectus forecasts. EBITDA margins above both prior year and prospectus. Reported NPAT impacted by non-recurring items. Strong Revenue Growth $m FY17 FY16 % Change Underlying Pro forma Consolidated Revenue* $35.7m $31.2m 14% Number of Offices 13 11 18% Number of Operating Business 16 12 33% Number of Operating Partners 38 32 19% Number of Total Team 192 124 55% * Underlying Pro forma revenue includes Sydney CBD business for a full 12 months for FY17 and FY16. 18 KELLY+PARTNERS ANNUAL REPORT 2017
Underlying Pro forma FY17 NPATA* attributable to Shareholders $3.4m 15% on prior year 2% on prospectus Underlying Pro forma FY17 EBITDA* attributable to Shareholders Underlying Pro forma FY17 EPS* attributable to Shareholders $5.9m 23% on prior year 7.6cps 15% on prior year 7% on prospectus 2% on prospectus Performance Highlights Underlying Consolidated Pro forma FY17 Total Revenue $35.7m 14% on prior year 3% on prospectus Underlying Pro forma EBITDA Margin 31.8% vs 29.6% in prior year vs 31.1% in prospectus Reported FY17 NPAT attributable to Shareholders ($2.8m) impacted by ($4.7m) in non-recurring items * Underlying Reported P&L metrics have been derived from the audited financial statements and exclude amortisation of intangibles and non-recurring items including: IPO costs, acquisition expenses, and convertible note exercise. Proforma Adjustments include the pro forma contribution from Kelly Partners Sydney CBD as if the acquisition had occurred on 1 July 2015. Plus other normalised items as outlined in the KPGH prospectus. Underlying Pro forma results comprise Underlying Reported results, adjusted to include the pro forma contribution from Kelly Partners Sydney CBD as if the acquisition had occurred on 1 July 2015. These metrics are used by management to assess the operational performance of the business. 19
Page 1 and 2: Annual Report 2017
Page 3 and 4: Insight 4 It’s not the latest man
Page 5: Mission To help private business ow
Page 9: Message from the Chairman & CEO
Page 13: Strategic Intent
Page 17: Performance Highlights
Page 21: Services Accounting, Taxation, Audi
Page 24 and 25: Global tax megatrends Management be
Page 26 and 27: The Australian accounting and tax m
Page 28 and 29: Kelly+Partners is a single-brand ow
Page 30 and 31: Kelly+Partners Operating Businesses
Page 32 and 33: Strategy Kelly+Partners has seven s
Page 34 and 35: Pressure points for smaller account
Page 36 and 37: Key Elements of the Business Model
Page 38 and 39: Client base Kelly+Partners’ prima
Page 40 and 41: Target Geographic Locations in Grea
Page 43 and 44: Kelly+Partners Network
Page 45: SOUTH WEST SYDNEY NORWEST CENTRAL T
Page 48 and 49: Community engagement and corporate
Page 51 and 52: Board of Directors and Senior Manag
Page 53 and 54: Director details Pauline Michelakis
Page 55 and 56: 2017 Financial Report
Page 57: Contents CORPORATE DIRECTORY 59 DIR
Page 60 and 61: Kelly Partners Group Holdings Limit
Page 62 and 63: Directors' Report | 30 June 2017 Si
Page 64 and 65: Directors' Report | 30 June 2017 In
Page 66 and 67: Directors' Report | 30 June 2017 Co
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Directors' Report | 30 June 2017 De
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Directors' Report | 30 June 2017 Ad
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72 KELLY+PARTNERS ANNUAL REPORT 201
Page 74 and 75:
Consolidated Statement of Financial
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Consolidated Statement of Cash Flow
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Notes to the Financial Statements |
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Deloitte Touche Tohmatsu ABN 74 490
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In connection with our audit of the
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Additional Information for Listed P
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Brett Kelly Scott Elwin Craig Bullo
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Private Businesses Family Business
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