Novus Holdings Ltd. · JSE:NVS

Novus — H1 2021 Earnings Presentation

17 slides from Novus's earnings presentation, November 2020

  1. Slide 1: Novus Holdings Interim Financial Results 2021

    Novus Holdings Interim Financial Results 2021

  2. Slide 2: Agenda

    Agenda. Novus Holdings Interim Financial Results 2021 2

  3. Slide 3: Executive Overview

    EXECUTIVE OVERVIEW Novus Holdings Interim Financial Results 2021 3

  4. Slide 4: Results summary

    Results summary. REVENUE R1 523m [Sep ‘19: R2 227m] (31,6%) OPERATING (LOSS)/PROFIT (Excl. “other gains / (losses)”) (R9m) [Sep ’19: R146m] (106,3%) HEADLINE EARNINGS PER SHARE 4,8c [Sep ‘19: 29,4c] (83,8%) FREE CASH FLOW R91,1m [Sep ’19: (R54,4m)] 267,7% Novus Holdings Interim Financial Results 202

  5. Slide 5: Financial Review

    Novus Holdings Interim Financial Results 2021 5

  6. Slide 6: Group income statement key features

    Group income statement key features. [SIX MONTHS ENDED 30 SEP 2020] 2020 2019 % CHANGE (Rounded) Revenue R1 523m R2 227m (31,6%) ▼ Gross profit R326m R478m (31,8%) ▼ Gross margin 21,4% 21,4% - Overheads R335m R332m 1,1% p OPERATING (LOSS)/PROFIT* (R9m) R146m (106,3%) ▼ OPERATING MARGIN* (0,6%) 6,6%

  7. Slide 7: Cash flow movements

    R’m 50 -350 -250 -150 -50 150 250 Cash balance 01 Apr 2020 175 -9 Operating loss Depreciation +55 Novus Holdings Interim Financial Results 2021 Six months ended 30 September 2020 Cash flow movements. Inventories -1 Trade and other receivables -161 Trade and other payables +195 Loan repayments and ne

  8. Slide 8: Capex overview

    Capex overview. [EXCL. INTANGIBLES] Six months ended 30 September 2020 R’m 2016 2017 2018 2019 2020 140 120 100  Capital Expenditure was constrained during the period. 80 104 60 72 40 37 24 20 31 18 17 3 12 0 3 Maintenance Expansion Novus Holdings Interim Financial Results 2021 FINANCIAL REVIEW 8

  9. Slide 9: Print segment | Commentary

    Print segment | Commentary. R’000 FY17 FY18 FY19 FY20 FY21 Six months ended 30 September 2020 2 500 000 45% 2 127 939 2 039 501 40%  Decline in print revenue of 34,8%. 2 000 000 1 828 534  Revenue impacted due to reduced sales 1 713 702 35% volumes as a result of the COVID-19 pandemic. 1 500 000 3

  10. Slide 10: Packaging segment | Commentary

    Packaging segment | Commentary. R’000 FY17 FY18 FY19 FY20 FY21 Six months ended 30 September 2020 2 500 000 45%  Packaging revenue contribution to the 40% Group showed an increase of 0,9%. 2 000 000  The ban on the sale of alcoholic 35% beverages significantly impacted the 30% performance of the L

  11. Slide 11: Tissue segment | Commentary

    Tissue segment | Commentary. R’000 FY17 FY18 FY19 FY20 FY21 Six months ended 30 September 2020 2 500 000 45% 40%  Year-on year revenue contribution to 35% the Group increased from 5,9% to 8,6% 2 000 000 as the segment had limited business 30% interruption with COVID-19 compared 25% 1 500 000 to oth

  12. Slide 12: Group overview

    Group overview. R’000 FY17 FY18 FY19 FY20 FY21 Six months ended 30 September 2020 2 500 000 45% 2 294 583 2 297 452 2 176 516 2 227 417 40%  Revenue was severely impacted by the effect of 2 000 000 the COVID-19 lockdown and the effect on the 35% economy resulting in reduced demand across all 1 523

  13. Slide 13: Outlook

    Novus Holdings Interim Financial Results 2021

  14. Slide 14: Outlook and segmental focus

    Outlook and segmental focus. PRINT PACKAGING TISSUE  Continued focus on matching capacity to  The Lockdown regulations had  Tissue exit is now firmly on track demand and ongoing review of future little impact on the flexible packaging and new partners will bring industry operational requirements

  15. Slide 15: Group strategy and outlook

    Group strategy and outlook. The Group’s medium term strategy is unchanged from prior year with the short term focus very much understanding and responding to industry trends influenced by the COVID-19 impact already experienced but with an intense focus on likely future impact under the tough econom

  16. Slide 16: Group strategy and outlook

    Group strategy and outlook. STRATEGIC FOCUS AREA FY21 FOCUS Ensure optimal group capital  Continue to track ROA’s per facility on monthly basis and take corrective measures on an ongoing basis. structure and that operations are  Continue to focus on optimising net working capital by further reduci

  17. Slide 17: Investor.Relations@novus.holdings

    Should you require a meeting to further discuss the Group’s F21 Interim Results and performance, please contact us via the below contact details and we will arrange accordingly. +27 21 550 2500 Investor.Relations@novus.holdings NOVUS HOLDINGS | 2019 INTERIM RESULTS

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