Novus Holdings Ltd. · JSE:NVS
Novus — H1 FY2022 Earnings Presentation
19 slides from Novus's earnings presentation, November 2021
Slide 1: Interim Results Presentation for the six months ended 30 September 2021
• All participants will be muted on admission and during the presentation. • This presentation is recorded and will be available on our website. • All questions should be sent to the “Questions & Support” co-host. • Questions will be addressed at the end of the presentation. • Any technical issues o
Slide 2: Contents
Contents Interim Results Presentation for the six months ended 30 September 2021 2
Slide 3: Executive Overview
Interim Results Presentation for the six months ended 30 September 2021 3
Slide 4: Results summary
Results summary REVENUE R1 523m [SEP 2020: R1 523m] (0%) OPERATING PROFIT/(LOSS) (Excluding “other gains/(losses)”) R90m [SEP 2020: (R9m)] HEADLINE EARNINGS PER SHARE 28,5c [SEP 2020: 4,8c] DIVIDENDS PAID R75m [SEP 2020: R0] Interim Results Presentation for the six months ended 30 September 2021 EXE
Slide 5: Financial Review
Interim Results Presentation for the six months ended 30 September 2021 5
Slide 6: Group income statement key features
Group income statement key features For the six months ended 30 September 2021 FY22 FY21 Revenue R1 523m R1 523m 0% ─ Gross profit R366m R326m 12,3% ▲ Gross margin 24,0% 21,4% 2,6% ▲ Overheads R276m R335m 17,7% ▼ OPERATING PROFIT/(LOSS)* R90m (R9m) ▲ OPERATING MARGIN* 5,9% (0,6%) ▲ HEADLINE EARNINGS
Slide 7: Cash flow movements
R’m -100 0 100 200 300 400 600 500 Cash balance at 443 01 April 2021 Operating profit 90 Depreciation 45 Cash flow movements 3 Non cash items For the six months ended 30 September 2021 Working capital -373 Interim Results Presentation for the six months ended 30 September 2021 Taxation paid -19 Acqu
Slide 8: Working capital
Working capital For the six months ended 30 September 2021 R’m 1 200 1 090 1 000 831 800 656 649 961 527 626 600 537 502 1 009 554 385 400 701 336 554 631 487 485 448 200 310 - Sept 2019 March 2020 Sept 2020 March 2021 Sept 2021 Debtors Creditors Inventory Net working capital Interim Results Present
Slide 9: Operating Review
Interim Results Presentation for the six months ended 30 September 2021 9
Slide 10: Group overview
Group overview Six months ended 30 September 2021 • Printing revenue contributed 78,8% (SEP REVENUE 2020: 73,3%) to total revenue. R’m FY19 FY20 FY21 FY22 • Print experienced an overall volume increase with an overall tonnage increase of 9,1%. 2 500 45% 2 297 2 227 40% • Gross profit margin improved
Slide 11: Print segment | Commentary
Print segment | Commentary Six months ended 30 September 2021 • The increase in revenue was driven by a REVENUE R’m FY19 FY20 FY21 FY22 volume increase of 9,1% across product categories. 2 000 45% 1 829 1 714 40% • The gross profit margin in Print improved GROSS MARGIN 1 500 largely as a result of a
Slide 12: Packaging segment | Commentary
Packaging segment | Commentary Six months ended 30 September 2021 *Includes ITB Flexible Packaging Solutions and Novus Labels. • Labels revenue increased off an REVENUE exceptionally low base, and as a result of R’m FY19 FY20 FY21 FY22 post COVID-19 recovery and the effect of the alcohol ban during
Slide 13: Revenue contribution
Revenue contribution For the six months ended 30 September 2021 VOLUME SHARE OF GROUP SHARE OF GROUP GROWTH/ Tissue CATEGORY REVENUE FY22 REVENUE FY21 (DECLINE) 0,2% PRINT PRODUCT CATEGORY Packaging Magazines 5,6% 6,5% -21,8% 21% Newspapers 9,0% 7,7% 37,2% Print Retail Inserts & Catalogues 30,0% 15,
Slide 14: Outlook
NOVUS HOLDINGS | 2019 INTERIM RESULTS
Slide 15: Outlook and segmental focus
Outlook and segmental focus PACKAGING PRINT • Cost reductions through right-sizing initiatives across our • Labels Gravure performance expected to stabilise off a Print operations bodes well for the future. substantially reduced base. • Recovery of post-COVID-19 volumes shown in this HY, • ITB’s per
Slide 16: Group outlook
Group outlook Impact of the July 2021 riots. Supply chain issues. Bottleneck on worldwide logistics. Challenging market conditions requires continued risk assessment and refined General commodities boom. investment decisions.. Load shedding. Forex. Optimise capital allocation to further improve cash
Slide 17: Questions
Interim Results Presentation for the six months ended 30 September 2021 17
Slide 18: Thank you
Interim Results Presentation for the six months ended 30 September 2021 18
Slide 19: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS +27 21 550 2500 Investor.Relations@novus.holdings NOVUS HOLDINGS | 2019 INTERIM RESULTS