3P Learning (3PL) 2018年年度报告「ASX」.pdf

1、2018 Annual Report3P Learning Limited ABN 50 103 827 A message from the Chairman and CEOA message from the Chairman and CEO Dear Fellow Shareholders,The education technology sector continues to experience tailwinds with internet in schools growing,the proliferation of lower cost devices and mobile p

2、enetration all set to grow this sector to US$252Bn globally by 2020.Against this backdrop,3P Learning completed year 2 of its 3-year strategic plan which had its focus on strengthening our product portfolio and building a scalable sales and marketing platform to profitably grow the business globally

3、.We are pleased to report that execution against that plan is on track and already showing evidence of its benefits.In Financial Year 2018,group revenue grew by 6%and Underlying Core EBITDA grew by 23%reflecting continued cost management as well as annualised benefits of establishing a more scalable

4、 and efficient operating model.The revenue result reflects our first full year impact of our withdrawal from IntoScience as we strategically reset the business to focus on maths and literacy.Key Financial InformationKey Financial Information A$M(unless stated)A$M(unless stated)FY201FY2018 8 FY201FY2

5、017 7 Variation%Variation%Revenue 55.4 52.5 6%Underlying Core EBITDA 19.6 16.0 23%Underlying Core Net Profit after Tax 7.1 6.3 13%Statutory Net Profit after Tax(18.7)(7.3)(156%)Underlying Earnings Per Share(cents)4.7 4.4 7%Cash/Net Debt 23.0(6.2)471%APAC revenue grew by 8%,EMEA was flat but in line

6、with our expectation given reduced educational expenditure in the UK.Revenue in the Americas grew by 4%following a year of transition but that region is now poised for stronger and more profitable growth in FY19 and beyond.We will elaborate on the USA a little later.Licence growth was impacted by ou