Oldfields Holdings Ltd · ASX:OLH
Oldfields — Shareholder Meeting (January 2021)
27 slides from Oldfields's shareholder meeting presentation, Jan 28, 2021
Slide 1: Annual General Meeting
OLDFIELDS HOLDINGS LIMITED ANNUAL GENERAL MEETING 28th January 2021
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This company presentation (“Presentation”) has been prepared by Oldfields Holdings Limited ABN 92 000 307 988 “OLH”, “Oldfields”, or “the Company”) Summary information: This Presentation contains summary information about OLH and its related bodies corporate and thei
Slide 3: Chairman & Board of Directors
Chairman & Board of Directors • Jonathan Doy – Chairman (Interim) • David Baird - Non Executive Director • Jie Ma - Non Executive Director • Richard Abela - Managing Director & CEO 3
Slide 4: Agenda
AGENDA 1. Welcome 2. Chairman’s Address 3. CFO Address 4. CEO Address 5. China Update 6. Digital Transformation 7. Resolution 1 – Re-election of Director 8. Resolution 2 – Remuneration Report 9. Resolution 3 – Change of Auditors 4
Slide 5: Chairman Address – Jonathan Doy
CHAIRMAN ADDRESS JONATHAN DOY
Slide 6: Welcome & Interim Chairman Address
Welcome & Interim Chairman Address Welcome ▪ Upcoming presentations from CFO Alan Lee, CEO Richard Abela, NED Jie Ma and NED David Baird ▪ All presentations have been lodged with the ASX and are available on the Oldfields web site. ▪ The 2020 year has been severely impacted both by Building Cycles a
Slide 7: Company Secretary & CFO – Alan Lee
COMPANY SECRETARY & CFO ALAN LEE
Slide 8: EBITDA Bridge – FY20 vs FY19
EBITDA Bridge – FY20 vs FY19 1,400 179 (52) 250 (149) 1,200 713 (402) (37) 1,000 (1,059) 914 (158) 800 661 - $'000s 600 400 351 200 Consumer division Scaffold division - (200) 8
Slide 9: EBITDA Bridge – FY20 vs FY19 (Cont’d)
EBITDA Bridge – FY20 vs FY19 (Cont’d) Key EBITDA movements from FY19 to FY20 • Consumer division - Revenue increased with lower margin (FX loss and higher freight costs) • Consumer division (NZ) – started since Nov 2019 • Scaffold division – COVID impacted on both revenue and margin (relatively more
Slide 10: Chief Executive Officer – Richard Abela
CHIEF EXECUTIVE OFFICER RICHARD ABELA
Slide 11: Review of 2020 – A Challenging but Important Year
Review of 2020 – A Challenging but Important Year 2019 / 2020 has continued to present some of the most challenging conditions. – Building cycle downturn has been accentuated by COVID – The postponement and delay on jobs & sites has stalled pipelines – State lockdowns has hit revenue and staffing le
Slide 12: Review of 2020 – Response and actions
Review of 2020 – Response and actions The business is responding decisively and rapidly; • Cost reductions and consolidation where necessary to protect assets and capital are in place and are under constant fortnightly review • The business is taking a fresh look at all business units in respect to
Slide 13: 2020 – Paint Tool Essential - steps forward
2020 – Paint Tool Essential - steps forward • Innovation strategy has started to bear fruit. Has allowed the business to re-establish itself as a true trade product leader and to take market share again • Targeted hero product introductions are proving invaluable in growing our offer • UK & NZ Expor
Slide 14: 2020 – Scaffolding - Steps Forward
2020 – Scaffolding - Steps Forward • Key customers: communication and further focus on key accounts is building • Job mix is improving in an attempt to counter building cycles and macroeconomic trends • Targeting 1st and 2nd tier organisations in all channels • Skill base – capacity and qualitative
Slide 15: New Board Focus
New Board Focus • New board established from April 2020 – Fresh eyes on the business, model, value proposition and its potential. • Fresh look at business units and our ability to scale and generate profits – Emphasis on sustainability and profitability over the medium term and significant growth lo
Slide 16: Summary for 2021
Summary for 2021 Paint Tool are Essentials • Lock in more major distributors • Launch on line strategy • Develop off shore markets Scaffolding • See out the current environmental impacts • Continue to consolidate and improve cost base • Continue build right key account relationships • Differentiate
Slide 17: China Update – Jie Ma
CHINA UPDATE JIE MA
Slide 18: China Update
China Update Original New Canton Province Henan Province
Slide 19: China factory - Video
China factory - Video • Available on the Company’s website https://oldfields.com.au/investor-centre/ • New Investor Centre Portal to be launch mid-2021
Slide 20: Digital Transformation – David Baird
Digital Transformation DAVID BAIRD
Slide 21: Digital Transformation
Digital Transformation • Market Analysis • UK Opportunity • Digital Strategy
Slide 22: Items of Business
oldfields ITEMS OF BUSINESS 2020 Annual Report
Slide 23: Financial Statements & Reports
Financial Statements & Reports To receive and consider the following reports of the company for the financial year ended 30 June 2020; • The financial report (which includes the Statement of Financial Position, Statement of Comprehensive Income, Cash Flow Statement and Directors Declaration); and •
Slide 24: Resolution 1
Resolution 1 Re-election of David John Baird as a Director “That David John Baird, who retires by rotation in accordance with the Company's Constitution and being eligible, offers himself for re-election as a Director, be re-elected as a Director.“ Total Proxies received 42,480,497 Votes for 42,356,
Slide 25: Resolution 2
Resolution 2 Remuneration Report “That the FY2020 Remuneration Report be adopted” Total Proxies received 42,480,497 Votes for 2,971,683 Votes against 0 Proxy’s discretion 124,286 Exclusions 39,384,528 Abstentions 0 25
Slide 26: Resolution 3
Resolution 3 Change of Auditors "To accept the resignation of “BDO East Partnership” as Auditors of the Company and to approve the appointment of “BDO Audit Pty Ltd” as the Company’s auditors from 22 May 2020." Total Proxies received 42,480,497 Votes for 42,356,211 Votes against 0 Proxy’s discretion
Slide 27: Oldfields
oldfields
Oldfields Holdings — Shareholder Meeting (January 2021) on 6ix