EROAD Ltd (ASX:ERD)

A$ 1.03 0.03 (3%) Market Cap: 173.43 Mil Enterprise Value: 201.76 Mil PE Ratio: 0 PB Ratio: 0.66 GF Score: 81/100

Half Year 2021 EROAD Ltd Earnings Call Transcript

Nov 25, 2020 / 09:30PM GMT

Release Date Price: A$3.57 (-0.93%)

Transcript

Steven Newman

EROAD Limited - CEO & Executive Director

Good morning, everybody. Welcome to EROAD's Half Year Results for FY '21. Here with me, Steven Newman, is Alex Ball, our CFO. So together, we'll go through the presentation, which we have on the screen. We've allotted an hour for this. We will try and get through it in 30 minutes and then open up to questions. There's the opportunity to ask questions as we go through this, and we'll answer them when we get to the end of the presentation or when we get into the Q&A session. (Operator Instructions)

So if we begin by going to Page 4, I'll begin. So really pleased with our half year results based on the difficult macroeconomic conditions that we faced. In all 3 markets, we were significantly impacted by COVID. That said, our half-year-on-half-year revenue grew 19%. And compared to FY '20 second half year, we grew 7%. EBITDA grew but was flat half-year-on-half-year. That really reflects the additional increase in operating expenditure as a result of accelerating both product development and also some of the spend-to-save opportunities. So

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