march 2016 investor fact sheet - s21.q4cdn.com · pdf filecibc stephanie price, cfa isc.ca...
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Fact SheetInvestor
March 2016
Our Business Financial HighlightsInformation Services Corporation (TSX: ISV) is an experienced provider of registry and information services for individuals, government and private sector businesses.
The Company maintains and delivers land titles, surveys, personal property and corporate registries for Saskatchewan, which are key supporters of economic activity in the province.
We are Saskatchewan’s exclusive provider of these key services, secured through a 20-year Master Service Agreement.
On October 1st, 2015, ISC acquired ESC Corporate Services Ltd. (ESC) through a wholly owned subsidiary.
ESC provides law firms, corporations, financial service institutions and others with services to fulfill a wide variety of their clients' public records due diligence, filings and corporate supply requirements in connection with public business registries in Canada and certain other countries.
$17.5million
Shares outstanding 52 week high-low
$0.80per share
Annual dividendMarket cap
$242.3million
$17.51-$13.21
TSX: ISVAs of March 15, 2016
Contact:[email protected] (toll free)1.306.798.1137
Transfer Agent:CST Trust Company (CST)1.800.387.0825 or 1.416.682.3860canstockta.com
(thousands of CADdollars; except earnings per shareand where noted)
3 monthsendedDec 31, 2015
3 monthsendedDec 31, 2014
YearendedDec 31, 2015
YearendedDec 31, 2014
Revenue $22,579 $19,759 $78,318 $80,459
$8,625 $7,057 $30,386 $31,579
$4,567 $4,014 $15,917 $18,360Net Income and total comprehensive income
$8,188 $7,035 $28,363 $30,240EBITDA1
Adjusted EBITDA1
36.3% 35.6% 36.2% 37.6%EBITDA margin1
38.2% 35.7% 38.8% 39.2%Adjusted EBITDA1
margin
$6,689 $5,866 $21,489 $23,914Free cash flow1
$16,219 $14,116 $55,730 $55,308Expenses
$0.26 $0.23 $0.91 $1.05Earnings per share2
(basic)
1. EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDAmargin and free cash flow are not recognized as a measure under IFRS and do not have a standardized meaning prescribed by IFRS. See section name “Non-IFRS Measures” in Management’s Discussion & Analysis for the year ended December 31, 2015.
2. The calculation of earnings per share is based on net incomeafter tax and the weighted average number of shares outstanding during the period.
Saskatchewan
(Class A LimitedVoting Shares) (Paid Quarterly)
Registries Revenue Model Services Revenue Model
$24.56 MLong-term debt as of
Dec 31, 2015
$5-6 MCapEx expected
in 2016
$14.0 M Amount of 2015 dividends
paid to shareholders as at Dec 31,2015
Transaction
Revenue - Fourth Quarter 2015by Line of Business
Revenue Type*
Searches Flat fees (standard searches)
Value-based fees (land registry)Flat fees (other registries)
Service
Online or in personCustomized
Online or in person
Online or in personCustomized Flat or negotiated fees
Registrations
Maintenance andRelated Services
Transaction Revenue Type*
Search andregistration Flat fees
Flat fees
Service
Online or in person
In person
Online or in personCustomized
Per unit fees
Know-Your-Customer
Corporate suppliesand accessories
*For a full list of our fees, go to www.isc.ca *For a full list of our fees, go towww.eservicecorp.ca/index.php/pricing-turnaround-times
Analyst Coverage:RBCSteve Arthur, CFA
GMP SecuritiesMichael Urlocker, CFA
CIBCStephanie Price, CFA
ISC.ca
$36.6 MAmount of cash on hand
as at Dec 31, 2015
Land RegistryPersonal Property RegistryCorporate RegistryServicesOther
65%
11%9%
14%
1%
$22.6Mtotal revenue
36.3%EBITDA margin