Provides Billing & Metering Solutions to Telcos & Utilities Globally

Hansen Technologies is a leading provider of utility billing, customer care, and smart metering solutions. Hansen's unique approach to best-fit solutions leverages the Meter Data Management Solution, Peace® CIS, NirvanaSoft and HUB CIS platforms to develop, deliver, and support high value solutions for clients in 40 markets worldwide. As well as solutions for the electricity, gas, water and telecommunications sectors, Hansen also offers outsourcing and facilities management services and supports the Classic Superannuation administration solution.

Founded in 1971, Hansen has offices in Australia, USA, New Zealand and the United Kingdom.

EBITDA has grown strongly each year from just over $2m in 2006 to 20.6m in FY11.

Half-year Performance & Estimates - HSN

Year-end June	1H12A	FY12A	1H13A	FY13A	1H14A	FY14E	FY15E
Sales, $m	29.1	56.6	26.8	63.8	41.5	83.0	92.0
EBITDA, $m	10.8	19.2	7.0	15.8	11.3	22.2	25.2
EBIT, $m	9.3	16.0	5.4	12.1	9.1	17.8	20.9
Report NPAT, $m	7.2	12.9	3.9	9.2	7.2
Adj. NPAT, $m					7.2	13.4	15.1
Reported EPS, ¢	5.00	8.00	2.00	6.00	4.00
Adjusted EPS, ¢					4.00	8.45	9.25
EPS %FY/Growth	63%		33%	-25%	100%	41%	9%
Dividend, ¢	3.0	6.0	3.0	6.0	3.0	6.00	6.45
Franking, %	100%	67%	67%	84%	83%	84%	84%
EBITDA Margin	0	34%	26%	25%	27%	26.7%	27.4%
NPAT Margin	0	23%	14%	14%	17%	16.1%	16.4%
ROE, %	0	22%	7%	15%	11%
EBIT/Interest	0.0	-15.3	0.0	-19.7	******
Net Debt / Equity	0	-0.42	-0.41	-0.16	-0.22
CashFlow/Sh, ¢	3.4	8.9	3.0	7.1	6.6	10.9	11.1
Y/E Shares, m	157.4	158.1	159.1	159.7	160.6

Notes

Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios.

Recent News Highlights

As at 15/06/2012 : see details at www.hsntech.com   (new window? Shift+Click)

20/04/2012     Signs Contract with Agway Energy Service

02/03/2012     HSN to join S&P/ASX All Ordinaries Index effective 17 March on quarterly rebalancing

24/02/2012     Half Year Results

24/11/2011     Annual General Meeting

25/08/2011     Full Year 2011 Results

25/07/2011     Signs contract with Tuenti in Spain

Company Overview

Hansen's history is briefly summarised above. Its initiatives for 2H12 include :

• Completing the integration of the Hansen business in North America;                        • Continuing the pursuit of efficiencies in its software development processes;             • Progressing R&D and studies around the Electricity smart grid initiatives; and           • Continuing investigation and formal review of expansion opportunities with a view to acquiring compatible and complementary businesses.

Key numbers of HSN's operating result for 1H12 were: • Revenue of $27.98m, (4% below the pcp); • EBITDA of $10.08m, ( 27% above the pcp); • Pre tax profit of $8.83m, (43% above the pcp); • NPAT of $6.91m, (53% above the pcp); and • a Dividend of 3 cents, 2 cents franked.

Due to international expansion, 40% of revenue is now in foreign currencies. Revenues in 1H12 were $1m below the pcp due to FX impact. But as a significant part of labour and occupancy costs are now also in those same currencies, the offsetting cost reductions, with ongoing investment in development efficiencies, allowed an improved operating result.

CEO Andrew Hansen observed that HSN had worked hard to diversify both its industry and customer base and its geographic imprint. The acquisition in November 2011 of the New York based complex energy billing solution provider, Nirvanasoft, plays well into HSN's strategy. As a result, along with an expanded focus on sales and marketing, HSN is seeing an increased awareness of its profile and solutions.

In 1H12 HSN also invested in its Melbourne-based data centre operations to expand its available physical capacity to provide a full range of facilities management and outsourced IT services. HSN is already providing “cloud computing solutions” to its clients and will expanding these services in 2H12.