Slide 1: Simonds Group Limited Investor Briefing Pack – September 2018
For personal use only Simonds Group Limited Investor Briefing Pack – September 2018 Amamoor with Oakland Facade, Helensvale Display, Queensland
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only While every effort is made to provide accurate and complete information, Simonds Group Ltd does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. The informat
Slide 3: About Us
About Us For personal use only • Founded in 1949 by Gary Simonds • Established in 2005 • First display home built in 1968 • Vocational education and training (VET) business • Listed on ASX November 2014 – first publicly • Focussed on building and construction industry listed residential builder in A
Slide 4: FY18 Full Year Financial Results
FY18 Full Year Financial Results For personal use only 2,500 $605.2m $13.7m Starts Up 109 or 4.6% Statutory Revenue Up $17.8m or 3.0% Statutory EBITDA Up $3.6m or 36% $16.3m Pro Forma EBITDA Up $2.5m or 18% • Revenue in the Homes business increased 4.1% on prior period comparative on the back of hig
Slide 5: Group Earnings Growth
Group Earnings Growth For personal use only Group EBITDA1 $13.7m $10.1m $4.4m $3.4m FY18 FY17 FY16 FY15 1 EBITDA represents earnings before interest, tax, depreciation and amortisation from continuing operations. Results have been amended to remove the effect of Madisson Projects, which became a dis
Slide 6: Net Cashflows Generated from Operations
Net Cashflows Generated from Operations For personal use only Operating cashflows of $8.6m represent receipts from customers ($603.2m) less payments to suppliers & employees ($594.6m) excluding significant items. Improved results and working capital management enabled repayment of borrowings in FY18
Slide 7: Balance Sheet
Balance Sheet For personal use only 30 Jun 2018 30 Jun 2017 • Significant improvement in net assets – from a deficiency of $3.1m $m $m at 30 June 2017, to a positive net asset position of $1.0m at 30 June 2018 Assets Cash / Equivalents • Higher inventories at 30 June 2018 represent display homes 7.0
Slide 8: Simonds Homes Key Results
Simonds Homes Key Results For personal use only Key Financial Metrics1 • Starts have increased as a result of the Group’s strong pipeline and focus on consistent delivery of site starts each week. $593.1m $15.9m Total Revenue Pro forma2 EBITDA • Revenue and margin improvement derived from change in
Slide 9: Victoria is our Heartland – Growth Opportunities in NSW, Queensland & South Australia
Victoria is our Heartland – Growth Opportunities in NSW, Queensland & South Australia For personal use only Queensland: 255 # starts (Market size ~25,000*) New South Wales: 134 # starts (Market size ~30,000*) South Australia: 135# starts (Market size ~8,000*) Victoria: 1,976 # starts (Market size ~3
Slide 10: Our Product Offering Meets the Market
Our Product Offering Meets the Market For personal use only Started in 2013 Building Homes since 1949 Started in 2012 Started in 2010 Started in 2018 Availability: Victoria only Availability: Victoria, NSW, Availability: Currently in Availability: Victoria, NSW, Availability: Victoria, NSW, Qld and
Slide 11: Education Key Results
Education Key Results For personal use only Key Financial Metrics • All funding contracts in VIC, NSW, ACT and QLD maintained $11.2m $0.8m • Regulatory compliance with all government funding agreements Revenue Pro forma1 EBITDA Down $2.2m or 16% Down $0.5m or 38% • Federal VET Student Loans contract
Slide 12: SIO Shareholding and Share Price
SIO Shareholding and Share Price movement for last 6 months For personal use only Percentage of Name Number held issued shares Simonds Custodians Pty Ltd 32,800,020 22.80% McDonald Jones Homes 28,480,647 19.80% FJP Pty Ltd 22,370,660 15.55% Simonds Constructions Pty Ltd 21,485,018 14.94% National No
Slide 13: Group Development Opportunities
Group Development Opportunities For personal use only Wellness 3D Development Small Lot Finance Products Alternative Sales Training in Building Channels and Construction PAGE 12