Pwr Holdings Ltd. · ASX:PWH
Pwr — Shareholder Meeting (November 2022)
32 slides from Pwr's shareholder meeting presentation, Nov 4, 2022
Slide 1: PWR Holdings Limited Annual General Meeting
4 November 2022 PWR Holdings Limited (PWR) Annual General Meeting (ASX:PWH) The attached presentations will be given at PWR’s 2022 Annual General Meeting (AGM) to be held at 103 Lahrs Road, Ormeau, Queensland 4208, commencing at 1:00 pm (Brisbane time) today. 1. Chairman’s 2022 AGM Presentation 2. M
Slide 2: Chairman's Address
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 PWR Holdings Limited ENGINEERING THE UNFAIR ADVANTAGE 2022 Annual General Meeting 4 November 2022 Good morning Ladies and Gentlemen, my name is Teresa Handicott and I am the Chairman of PWR Holdings Limited a
Slide 3: Welcome to PWR
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Welcome to PWR Clean hands Physical distance Masks available To ensure your safety we have made available, sanitising stations for cleaning your hands, and face masks should you wish to wear one. Page 2 of 16
Slide 4: Introductions | Directors
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Introductions | Directors Teresa Handicott Kees Weel Jeff Forbes Roland Dane Chairman Managing Director Non-executive Director Non-executive Director 3 I would now like to introduce my fellow directors. • Fir
Slide 5: Introductions | Senior Leaders
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Introductions | Senior Leaders Matthew Bryson Martin McIver Andi Scott Mick Cullen Chief Technical Chief Financial Officer GM Advanced Technology GM Production & Commercial Officer Paul Belshaw Tim Pahn Rob L
Slide 6: Steve Rasso and Andy Burton
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Steve Rasso Andy Burton General Manager General Manager PWR North America PWR Europe Europe North America Australia 5 I would like to introduce our leaders at PWR North America and PWR Europe who are not able
Slide 7: Meeting Outline
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Meeting Outline 1. Chairman’s Address 2. Managing Director’s Address 3. Questions from Shareholders 4. Formal AGM Business 5. Final Questions Today’s Meeting will proceed as follows: 1. Firstly, I will provid
Slide 8: Chairman's Address
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 7 Chairman’s Address Teresa Handicott In my presentation today I will give you information on the company’s strategic objectives and how it performed in the 2022 financial year. Page 7 of 16
Slide 9: Strategy
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Strategy Vision The Global Leader in Cooling Technology Inspired by Engineering Excellence Purpose Through passionate people and innovative solutions we lead the way in advanced cooling system design and supp
Slide 10: AS9100 certification and Nadcap accreditations
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 In 2021 we made a significant step forward with the achievement of AS9100 certification to enable our growth in aerospace and defence. This year we have added to our capabilities by achieving Nadcap® Accredit
Slide 11: PWR NA Aerospace and Defence Machining Centre
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 PWR NA Aerospace and Defence Machining Centre We have also successfully grown our capability in the US through the opening of the new Aerospace and Defence machining facility. We were pleased to achieve year
Slide 12: Welcome Kym Osley, AM, CSC
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Welcome Kym Osley, AM, CSC But this is only the beginning of our ambitions to grow this sector. This year your Board has conducted a search for a Non-Executive Director with deep defence experience to enhance
Slide 13: PWR Europe Fabrication Capability
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 PWR Europe Fabrication Capability We have also been planning to expand our capability in Europe to enable us to manufacture some of our products closer to our customers. We decided to do this in the UK and th
Slide 14: Achievements and Challenges
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Achievements and Challenges In FY2022: • Our Profitability Pillar kept the team focused and PWR delivered a record result, with NPAT of $20.8m up 24.1% on the prior period (FY2021: $16.8m). • The Group contin
Slide 15: Strong cash balance and dividend
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 • The Group retained a strong cash balance at 30 June 2022 of $21.5m (FY2021: $19.9m) and remains debt free, with access to its $10m multicurrency and $7.5m equipment finance facilities to support future oper
Slide 16: Total Shareholder Return
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Total Shareholder Return Three year relative TSR ending 30 June 2022 9 For our shareholders this translated into a total shareholder return over the 3-year period up to 30 June 2022, of 58% PWR’s relative tot
Slide 17: Thank You to our Team
PWR Holdings Limited Chairman’s Address 2022 Annual General Meeting Friday, 4 November 2022 Thank You to our Team The Board recognises that what has been achieved in FY2022 in the face of these challenges called for extraordinary efforts from the entire workforce and the Board is deeply grateful to
Slide 18: Managing Director's Address
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Thank you, Tess. Good afternoon and thank you for joining us today for PWR’s 2022 Annual General Meeting. I am really pleased to see that we were able to get quite a few of you through our manufact
Slide 19: Financial highlights
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 The financial highlights reflect the outstanding effort contributed by all staff during the year: • revenue was up across all key markets and geographies • of note is the strong revenue growth out
Slide 20: Motorsport remains the largest market
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • Motorsport remains the largest market and an important technology driver for PWR. Total motorsports revenue grew 23% as the motorsport categories returned to more normalised programs post COVID.
Slide 21: Emerging Technology and future growth
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • We have had a couple of questions about our Emerging Technology and future growth in this area. In the FY22 full year results presentation, we provided a revenue summary by customer market split
Slide 22: Aerospace and Defence is a key emerging market
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • Aerospace and Defence is a key emerging market for PWR. For this reason, the full Aerospace and Defence revenue is reported with the Emerging Technology revenue, regardless of the product. • We c
Slide 23: Existing OEM programs
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • We continue to deliver existing OEM programs for Valkyrie, AMG X1, Rimac Nervera and Koenigsegg Jesco. We are also in discussion with several parties for new future OEM programs. • The current Fo
Slide 24: Non-OEM production pipelines
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • Other non OEM production pipelines also continue to expand and develop with the uptake of Emerging Technologies across a range of customer markets, in particular Motorsports and Aerospace and Def
Slide 25: Growth depends on our staff
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • Of course, it goes without saying that continued further growth for PWR comes down to our staff in Australia, the USA and Europe. They will continue to drive product innovation and customer focus
Slide 26: Retaining our talented people
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • Retaining our talented people is vital for maintaining quality, production efficiency and for achieving our growth targets. • This involves providing a clear and rewarding career path, ongoing de
Slide 27: Planning ahead: capex and facilities
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 • To achieve our growth potential, it is imperative we continue to plan well ahead, investing in in the latest technology and of course factory space for manufacturing. • Capex was lower than expec
Slide 28: Vision | Australian Factory Footprint
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Vision | Australian Factory Footprint • We have been assessing options for expanding capacity in Australia and expect to make a decision by December 2022 or before. • Ideally the new site is within
Slide 29: Space to separate traffic and people
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Space to separate traffic and people • Planning for the new site will take into account growth in our people numbers and the traffic access to import raw materials and export our products and impor
Slide 30: Priority Childcare Centre for PWR Employees
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Childcare Centre Priority Childcare Centre for PWR Employees • We are also planning to have an adjacent childcare centre which will give priority access to PWR employees. Page 13 of 15
Slide 31: Staff Amenities
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Staff Amenities • Restaurant • Gym and Lap Pool • 2.3ha Open Space Reserve • 5.5 km Running Track • On site Parking • Priority Child Care • We also have a vision of the facility including staff ame
Slide 32: Space for the Next 20 Years
PWR Holdings Limited Managing Director’s Address 2022 Annual General Meeting Friday, 4th November 2022 Space for the Next 20 Years Our vision is to set PWR in Australia up for the next 20 years of growth. As you can see, PWR is spoilt for opportunity! Thank you for joining us today at our AGM. I wil