Wagners Holding Co. Ltd. · ASX:WGN
Wagners — H1 2018 Earnings Presentation
14 slides from Wagners's earnings presentation, Feb 21, 2018
Slide 1: 1H FY2018 Results Presentation
For personal use only 1H FY2018 Results Presentation FEBRUARY 2018
Slide 2: Disclaimer
DISCLAIMER For personal use only The material contained in this presentation is a summary of Wagners in this presentation intended to be relied upon as advice to investors or Holding Company Limited’s (Wagners) activities and results, current at the potential investors and does not take into account
Slide 3: Group Highlights
GROUP For personal use only HIGHLIGHTS DRAFT 1H FY18 Results Presentation 2
Slide 4: Group Highlights
GROUP HIGHLIGHTS For personal use only Strong growth and financial performance in line with prospectus forecast Highlights ▪ First half performance in line with prospectus forecast ▪ Strong growth in cement volumes ▪ Increased utilisation of transport assets ▪ Realised benefits of new CFT factory wi
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS For personal use only Revenue Gross Profit EBITDA EBIT NPAT Net Debt Interim Dividend $121.2m $75.1m $28.7m $23.6m $14.3m ↑ 22.7% ↑ 36.9% ↑ 22.4% ↑ 37.0% ↑ 50.2% $69.4m 1.5 cps Financial performance ▪ Pro forma Revenue growth of 22.7% (growth in construction materials and servic
Slide 6: Financial Results
FINANCIAL RESULTS For personal use only DRAFT 1H FY18 Results Presentation 5
Slide 7: Pro Forma Profit and Loss
PRO FORMA PROFIT AND LOSS For personal use only Pro forma Pro forma $ millions 1H FY2018 1H FY2017 Variance % Revenue Growth +22.7% ▪ Growth in cement volumes Total Revenue 121.2 98.8 22.4 22.7% ▪ Increased utilisation of transport, quarry and Gross Profit 75.1 54.9 20.2 36.9% pre cast assets EBITDA
Slide 8: Pro Forma Cash Flow and Balance Sheet
PRO FORMA CASH FLOW AND BALANCE SHEET Pro forma Pro forma For personal use only $ millions 1H FY2018 1H FY2017 Variance Cashflow ▪ Improved operating cash flow over 1H EBITDA 28.7 23.5 5.3 FY2017 Non-cash items 0.4 -4.5 4.8 ▪ Increased inventory due to commencement of Changes in working capital -0.7
Slide 9: Pro Forma Segment Results
PRO FORMA SEGMENT RESULTS For personal use only Pro forma Pro forma 1H FY2018 1H FY2017 Growth $ Growth % $ millions Revenue EBITDA Revenue EBITDA Revenue EBITDA Revenue EBITDA Construction Materials and Services 113.4 29.9 89.7 20.8 23.7 9.1 26.4% 43.5% New Generation Building Materials 14.5 1.1 11
Slide 10: Operational Highlights – Construction Materials and Services
OPERATIONAL HIGHLIGHTS – CONSTRUCTION MATERIALS AND SERVICES For personal use only Highlights ▪ First half performance in line with prospectus forecast ▪ Strong growth in cement volumes, 18% increase on 1H FY2017 ▪ Construction materials business performing significantly better at the revenue and EB
Slide 11: Operational Highlights – New Generation Building Materials
OPERATIONAL HIGHLIGHTS – NEW GENERATION BUILDING MATERIALS For personal use only Highlights ▪ First half performance in line with prospectus forecast ▪ Increase in crossarm sales volumes and CFT projects revenues ▪ The increased CFT sales revenues have been offset by the increased costs associated w
Slide 12: Reconciliation of Statutory Results to Pro Forma
RECONCILIATION OF STATUTORY RESULTS TO PRO FORMA For personal use only $ millions 1H FY2018 1H FY2017 1. Relates to the impact of transferring assets from Wagners Holding Company Ltd group to the Wagner Statutory EBITDA 26.2 27.5 Family company group as part of the IPO Excluded assets 1 — -0.9 2. Ad
Slide 13: Outlook
OUTLOOK For personal use only DRAFT 1H FY18 Results Presentation 12
Slide 14: Outlook
OUTLOOK Pro forma Pro forma Forecast For personal use only 1H FY2018 FY2018 (Prospectus) $ millions Revenue EBITDA Revenue EBITDA Construction Materials and Services 113.4 29.9 209.6 52.7 New Generation Building Materials 14.5 1.1 29.3 3.1 Other/Eliminations -6.6 -2.3 -7.1 -5.8 Total 121.2 28.7 231.
Wagners Holding Company — H1 2018 Earnings Presentation on 6ix