Smart Parking Ltd
ASX:SPZ

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Smart Parking Ltd
ASX:SPZ
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Price: 1.35 AUD -2.17% Market Closed
Market Cap: 553.7m AUD

Smart Parking Ltd
Investor Relations

Smart Parking Ltd. engages in the provision of design, development, and management of parking technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-01-09. The firm's segments include Parking Management, Technology, and Research & Development. The Parking Management segment is engaged in the provision of parking management solutions, predominantly servicing the retail sector, managing agents and land owners in the United Kingdom. The Technology segment includes sale of Smart City and Internet of Things (IoT) technology, hardware and software predominantly for parking solutions around the world. The Research & Development includes costs to research, develop and improve Smart City, IoT and automatic number plate recognition (ANPR) software/hardware for both the Technology and Parking Management segments. The firm's Smart Parking mobile application is designed to help direct motorists to available parking spaces, advise of car park conditions and tariffs, and utilize contactless payment.

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Last Earnings Call
Fiscal Period
Q3 2023
Call Date
May 12, 2023
AI Summary
Q3 2023

Strong Q3 Revenue: Revenue reached $34 million in constant currency, up 29% versus the previous corresponding period.

EBITDA Growth: Adjusted EBITDA (excluding Germany investment costs) was $8.9 million, up 42%, with margin rising to 26.2%.

Site Expansion: Total ANPR sites grew 24% to 1,043, with notable growth in both the UK and new territories such as APAC and Germany.

APAC Outperformance: APAC revenue grew 286%, and site count in the region more than doubled from 47 to over 100 since June 2022.

German Market Progress: New contract wins with major retailers and fast food chains in Germany; expect profitability there between 50–70 sites.

Positive Q4 Outlook: Q4 is expected to be seasonally strong, with momentum continuing and further growth anticipated in all regions.

Solid Balance Sheet: Over $10 million in net cash supports ongoing growth and acquisition strategy.

Regulatory Engagement: Company is actively addressing regulatory issues in Queensland, with engagement ongoing to establish a code of practice.

Key Financials
Revenue
$34 million
Revenue
$32.5 million
Adjusted EBITDA
$8.9 million
Adjusted EBITDA Margin
26.2%
ANPR Sites Under Management
1,043 sites
APAC Site Count
over 100 sites
Net Cash
over $10 million
Other Earnings Calls
2023
2022
2021

Management

Mr. Paul Gillespie
MD, Company Secretary & Executive Director
No Bio Available
Mr. Richard Ludbrook
Group CFO & Company Secretary
No Bio Available
Ms. Johanna Hiney
Managing Director of UK
No Bio Available
Ms. Rebecca Grainger
Managing Director of New Zealand
No Bio Available
Mr. Ben Williams
International Business Development Director
No Bio Available
Mr. Peter Coakley
Operations Director
No Bio Available
Mr. Kin Chan
Chief Technology Officer
No Bio Available
Mr. David Collings
Sales Director
No Bio Available
Mr. Damien Smith
Head of Technology Operations & Project Delivery
No Bio Available
Ms. Raife Kilicarslan
Head of Sales - Germany
No Bio Available

Contacts

Address
VICTORIA
Melbourne
Port Melbourne, 854 Lorimer St
Contacts
+61386444021.0
www.smartparking.com