2013
Rev: $30.5m
ADF contract: $3.8m
2017
Rev: $53.1m
ADF contract: $16.7m
Rev from acquisitions in H2 2016 was $4.5m
Rev growth from 2014 - 2017 = $22.6m
Growth in ADF contract = $12.9m
Annualised contribution from 2016 acquisitions = $9.0m
Organic rev growth excluding ADF = $0.7m over 4 years.
The ADF contract is up for renewal at the end of 2018.