Servcorp Presents

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Servcorp Presents R U A L E P O N N R A T A Gripping ale TOF 2015 For personal use only STARRING (IN ORDER OF APPEARANCE) ONE WORLD TRADE CENTER NEW YORK, ONE MAYFAIR PLACE LONDON, ETIHAD TOWERS ABU DHABI, TORNADO TOWER DOHA, AND MUCH MORE. COMING TO A LOCATION NEAR YOU SERVCORP.COM.AU LET’S GO TO THE MOVIES 01 PRESENTS THE TALE of TWO THOUSAND & FIFTEEN G’DAY 1 20 CONSIDER IT DONE BIGGER THAN BEN HUR 2 22 THE CAST THE EMPIRE 4 23 AND THE NOMINEES ARE ... BRUCE'S REVIEW 7 24 CORPORATE GOVERNANCE ALF’S MAGIC 8 36 DIRECTORS' REPORT OUTSTANDING NEW TALENT 11 46 REMUNERATION REPORT COMING SOON 12 59 FINANCIAL REPORT PHONE HOME 14 100 AUDITOR'S REPORT PROTECTING THE JUNGLE 17 102 SHAREHOLDER INFORMATION TO THE RESCUE 18 104 CORPORATE INFORMATION THE AWARDS GO TO TOKYO DUBAI DOHA SYDNEY JAPAN UAE QATAR AUSTRALIA 2015 2015 2015 2015 OSAKA BRISBANE ADELAIDE JAPAN AUSTRALIA AUSTRALIA 2015 2015 2015 SERVCORP’S AIM To be the world’s finest Serviced Offices, providing IT and commercial services second to none, giving our clients a commercial advantage, paying our people reasonable wages and giving our shareholders an acceptable return on the funds they invest. For personal use only the EXCELLENCE AWARDS 02 SERVCORP LIMITEDANNUAL • ABN REPORT 97 089 2222015 506 LET’S GO TO THE MOVIES 03 2015 IN REVIEW 2015 in review if it keeps growing it could be bigger than ben hur NET PROFIT BEFORE TAX SERVCORP GEOGRAPHIC SPREAD 12 MONTHS ENDED 30 JUNE (FLOORS) 1 2011 2012 2013 2014 2015 FY09 $’000 $’000 $’000 $’000 $’000 Revenue & other income 182,056 200,785 207,995 242,247 277,378 $47.3 Net profit before tax 3,036 18,329 27,630 34,257 41,211 Net profit after tax 2,493 14,801 21,271 26,336 33,141 FY10 Net operating cash flows 18,788 32,003 27,092 40,214 59,928 Cash & investments 99,993 104,334 99,758 108,788 114,451 $2.9 Net assets 192,612 198,709 207,900 217,101 241,898 Earnings per share $0.025 $0.150 $0.216 $0.268 $0.337 FY11 Dividends per share $0.100 $0.150 $0.150 $0.200 $0.220 $3.0 REVENUE FY12 300 $millions $18.3 $277.4 250 $242.2 FY13 200 $208.0 Australia 28 $200.8 $27.6 New Zealand 3 $182.1 Singapore 6 150 Malaysia 3 FY14 Thailand 4 Philippines 2 100 $34.3 India 3 China 10 Hong Kong 3 50 FY15 Japan 22 United States 23 $41.20 Turkey 3 0 Lebanon 1 Kuwait 1 FY11 FY12 FY13 FY14 FY15 FY16 (PROJECTED) Saudi Arabia 10 Qatar 4 $48.0 Bahrain 2 SERVCORP FLOORS AND LOCATIONS 1 UAE 8 United Kingdom 4 160 Belgium 3 151 0 10 20 30 40 50 $millions France 2 140 136 145 135 132 131 124 120 116 117 122 1 SERVCORP OFFICES 110 100 103 6000 80 5240 5000 4920 60 4275 4000 3837 40 For personal use only 3645 3280 20 3000 bigger than ben 0 2000 FY11 FY12 FY13 FY14 FY15 FY16 Locations Floors 1000 Locations forecast Floors forecast FY11 FY12 FY13 FY14 FY15 FY16 1) At 30 June. Offices Offices forecast 1) At 30 June. 04 ANNUAL REPORT 2015 LET’S GO TO THE MOVIES 05 ON LOCATION on location the empire UNITED STATES FRANCE UNITED ARAB EMIRATES MALAYSIA JAPAN AUSTRALIA OF AMERICA PARIS DUBAI KUALA LUMPUR TOKYO PERTH – Level 5, 101 Avenue des – Level 23, Boulevard Plaza – Level 36, Menara Citibank – Level 11, Aoyama Palacio Tower – Levels 15 & 28, AMP Tower BOSTON – Level 14, One International Place Champs Elysées – Levels 41 & 42, Emirates Towers – Level 20, Menara Standard Chartered – Level 14, Hibiya Central Building – Level 18, Central Park – Level 2, 21 Boulevard Haussmann – Levels 21 & 28, Al Habtoor – Level 23, NU Tower 2 – Level 20, Marunouchi Trust Tower – Level 11, Brookfield Place NEW YORK CITY Business Tower – Main – Level 23, 1330 Avenue of the – Level 54, Almas Tower – Level 1, Marunouchi Yusen Building ADELAIDE BELGIUM PHILIPPINES – Levels 24 & 30, Westpac House Americas – Level 7, Wakamatsu Building ABU DHABI – Level 26, The Seagram Building BRUSSELS MANILA – Level 8, Nittochi Nishi- – Level 4, Al Mamoura SYDNEY – Level 40, 17 State Street – Levels 20 & 21, Bastion Tower – Level 17, 6750 Ayala Avenue Shinjuku Building – Level 29, Chifley Tower – Level 36, Etihad Towers – Level 85, One World Trade Center – Level 4, European Quarter - Office Tower – Level 9, Ariake Frontier Building – Level 36, Gateway – Level 17, World Trade Center Schuman – Level 22, Tower One & – Level 28, Shinagawa Intercity – Levels 56 & 57, MLC Centre PHILADELPHIA Exchange Plaza Tower A – Level 37, BNY Mellon Center – Level 26, 44 Market Street LEBANON INDIA – Level 32, Shinjuku Nomura Building – Level 32, 101 Miller Street WASHINGTON D.C. – Level 21, Shiodome Shibarikyu North Sydney MUMBAI CHINA – Level 10, 1717 Pennsylvania Avenue BEIRUT Building – Level 22, Tower Two Westfield – Levels 7 & 8, Vibgyor Towers – Level 10, 1155 F Street – Level 2, Beirut Souks SHANGHAI – Level 27, Shiroyama Trust Tower Bondi Junction Louis Vuitton Building HYDERABAD – Level 23, Citigroup Tower – Level 45, Sunshine 60 – Level 1, The Octagon MIAMI – Level 7, Maximus Towers – Level 29, Shanghai Jing An Kerry – Level 27, Tokyo Sankei Building Parramatta – Level 27, Southeast Financial Center TURKEY Centre – Level 18, Yebisu Garden Place Tower – Level 15, Deloitte Building – 5/F Somekh Building, Rockbund Parramatta ATLANTA THAILAND YOKOHAMA – Level 20, Terminus 200 ISTANBUL – Level 9, Avaya House CHENGDU – Level 10, TOC Minato Mirai – Levels 5 & 6, North Ryde – Level 36, 12th & Midtown BANGKOK – Level 18, Shangri-La Office Tower Louis Vuitton – Levels 8 & 9, 1 Silom Road – Level 5, Nexus Norwest – Level 28, One Aerospace Center NAGOYA TYSONS CORNER Orjin Building – Level 29, The Offices at Centralworld – Level 40, Nagoya Lucent Tower Baulkham Hills – Level 15, Corporate Office Center – Level 8, Tekfen Tower – Level 18, Park Ventures Ecoplex BEIJING – Level 4, Nikko Shoken Building Tysons II – Level 24, China Central Place BRISBANE – Level 36, Riparian Plaza – Level 19, Oriental Plaza OSAKA CHICAGO QATAR – Level 9, Edobori Center Building – Level 19, 10 Eagle Street – Level 26, Fortune Financial Center – Level 42, 155 North Wacker Drive – Levels 18 & 19 Hilton Plaza West – Level 27, Santos Place – Level 49, 300 North LaSalle DOHA – Levels 14 & 15, HANGZHOU – Level 4, Cartier Building – Level 3, Jiahua International Shinsaibashi Plaza CANBERRA HOUSTON Commercialbank Plaza – Level 1, The Realm – Level 39, Bank of America Center – Level 22, Tornado Tower Business Center FUKUOKA – Level 9, Nishi Building – Level 41, Williams Tower – Level 21, Burj Doha GUANGZHOU – Level 15, Fukuoka Tenjin Fukoku – Level 54, Guangzhou IFC Seimei Building MELBOURNE DALLAS – Levels 18 & 27, 101 Collins Street – Level 2, NOF Hakata Ekimae Building – Level 6, JP Morgan International KINGDOM OF BAHRAIN – Level 40, 140 William Street Plaza III MANAMA HONG KONG – Level 2, 710 Collins Street – Level 10, Rosewood Court – Levels 22 & 41, West Tower Docklands – Level 3, 5500 Preston Road CENTRAL Bahrain Financial Harbour – Level 19, Two International – Level 2, Riverside Quay IRVINE Finance Centre Southbank – Level 8, Irvine Towers KUWAIT – Level 9, The Hong Kong HOBART Club Building – Level 6, Reserve Bank Building LOS ANGELES KUWAIT CITY – Level 40, Figueroa at Wilshire – Level 18, Sahab Tower KOWLOON – Level 12, One Peking Road SAN FRANCISCO NEW ZEALAND – Level 27, 101 California Street KINGDOM OF AUCKLAND – Level 49, 555 California Street SAUDI ARABIA SINGAPORE – Levels 26 & 27, PWC Tower – Level 31, Vero Centre SINGAPORE DAMMAM UNITED KINGDOM – Penthouse Level & Level 42, – Levels 20 & 22, WELLINGTON Suntec Tower Three LONDON Al Hugayet Tower – Level 16, Vodafone on the Quay – Level 30, Six Battery Road – Level 17, Dashwood House – Level 21, Al Khobar Gate Tower – Level 18, 40 Bank Street, – Level 39, Marina Bay Financial Centre Canary Wharf RIYADH – Level 26, PSA Building – Level 30, The Leadenhall Building – Level 6, Al Akaria Plaza – Level 8, The Metropolis Tower 2 – Level 18, Al Faisaliah Tower – Level 1, Devonshire House, strikes! – Level 24, CapitaGreen For personal use only One Mayfair Place – Level 1, The Business Gate – Level 29, Olaya Towers JEDDAH – Level 9, Jameel Square – Level 26, Kings Road Tower – Level 7, Al Murjanah Tower 133 21 LOCATIONS COUNTRIES 06 ANNUAL REPORT 2015 LET’S GO TO THE MOVIES 07 THE CHAIRMAN'S REVIEW a FIVE STAR PERFORMANCE 26% $114m INCREASE IN CASH & E.P.S. INVESTMENTS Your Board is pleased with Servcorp’s overall performance in 2015. The year witnessed the opening of our new landmark locations in One World Trade Center, New York and One Mayfair Place, London; the addition of more new offices than in any previous year; and record revenue and cash flows from operating activities. Revenue for the year was $277.38 Directors have declared a final On behalf of the Board I want to million, an increase of 15% on 2014. dividend of 11.0 cents per share, acknowledge the outstanding Net profit before tax was $41.21 40% franked. This final dividend efforts of our CEO, Alf Moufarrige, million, an increase of 20%, and brings total dividends for the year our leadership group and all the above guidance. Net profit after to 22.0 cents per share, resulting Servcorp team members for their tax was $33.14 million, an increase in a payout to shareholders of dedication and commitment during of 26%, with earnings per share of approximately $21.65 million. the past year. Due to their efforts 33.7 cents. On a like for like basis, we have a strong global presence revenue increased by 15% and net In 2016, our aim is to consolidate and continue to maintain our profit before tax increased by 36%.
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