main version radio taxis group lloyds bank presentation mar 13
TRANSCRIPT
Radio Taxis Group
Our year ended 30 Nov 2012& some of plans for the year ending 30 Nov 2013
Welcomes Lloyds TSB to Mountview House
Key PerformanceIndicators
• Group Turnover increased by 1% to £38.2m (2011: £37.5m)
• Group Operating Loss £37k (2011: £90k profit)
• Overall Loss after tax £38k (2011: £15k profit) close to breakeven
• Net Cash Inflow from Operations was £1.8m (2011: £66k outflow)
• Gross Profit Margin increased to 27.3% (2011: 23.5%)
The market & our part in it
• Challenging economic climate
• As close to break-even as financial macro climate would allow
• Multi speed business some areas sluggish others solid growth
• Very careful costs control – leaner than ever before
• LOCOG – letters of commendation
The ups and the downs
• RT down 6% & Xeta down 15%
• Cheap deals – banking sector
• Legal going well
• Municipal going well
• Train companies – LUL – LOROL – LMECM – Eurostar
What we did in the year• VeriFone 5 year chip and pin & Visa –
incentives and screens
• Chip and Pin +98% for year – now running at +190%
• Changed from PMR < GPRS
• Zeus additional costs associated with fitting Zeus and VeriFone partly mitigated by additional operating income from VeriFone
• Fleet size dropped -10% ageing population of taxi drivers – pilot for “PAYG” on Xeta
What we did last year (cont’d)
• APPS winning back work into taxi trade from AL
• Cash work dropped 3.6% for year
• One T net fee income + 7.8% Gross margin
• We won LOCOG, Standard Chartered, Simmons and Simmons
• BBC slight drop
• Better use of Group resources – One Transport restructure
So in summary
• Taxi drivers who did LOCOG did well
• Rest of business very quiet during Olympics
• Increase in t/o partly contractual BBC car network now ours
• Groups cash position very strong
• Three stages of apps
Now & in the future
• Huge interest APP bubble
• One T now “leads” on all of our sales
• Restructure in One Transport outsourced software to DAI
• Definitely huge interest in One Transport
• Proposition we need to be in a position to supply service open accounts quickly
2013 Budget Assumptions• Continued decline in account taxi journeys partly
offset by chip & pin growth
• One T growth – now also targeting smaller accounts
• Continued cost control
• No one off costs – Zeus implementation was £100k.
• Investment centred on mobile bookings and One T ‘rigour’
• Positive cash outlook