Slide 1: Simonds Group Full year results presentation
For personal use only Simonds Group Full year results presentation For the twelve months ended 30 June 2017 24 August 2017
Slide 2: Agenda
For personal use only 01 Insert divider Group Overviewtitle 3 2 02 A Insert Key Financials divider title 7 4 03 FY18 Outlook 11
Slide 3: Group Overview
For personal use only 01 Group Overview PAGE 2
Slide 4: The journey so far…
The journey so far… For personal use only FY18 and beyond 2H17 1H17 1 Jan ‘17 – 30 Jun ‘17 1 Jul ‘16 – 31 Dec ‘16 Strategy New product Business reset development infrastructure FY18 and beyond investment New Improve Targeted organisational processes & growth structure business rules Building Sustain
Slide 5: Key Financials
For personal use only 02 Key Financials PAGE 4
Slide 6: Simonds Group key results
Simonds Group key results For personal use only Resetting the business and strengthening the foundations Key Financial Overview (Statutory) Key Items FY17 FY16 Continuing: ($m) ($m) Change Revenue impacted in the Homes business by wet weather, trade shortages, decrease in property Revenue 587.4 62
Slide 7: Simonds Homes key results
Simonds Homes key results For personal use only Focus on improving margins, business simplification and efficiency Key Financial Metrics1 FY17 pro forma EBITDA breakdown per house start ($’000s) $569.9m $12.0m Revenue Pro forma2 EBITDA Down 5.1% on prior period Unchanged from prior period 11.6 12.9
Slide 8: Education key results
Education key results For personal use only Building a sustainable platform for the future Key Financial Metrics FY17 total course enrolments $13.4m $1.3m Qualification Certificate IV in Building & Construction Physical Virtual 1,067 358 Total 1,425 Revenue Pro forma1 EBITDA (Building) Down 29.7% on
Slide 9: Developments key results
Developments key results For personal use only Delivering a growth pipeline to complement the Homes business Key Financial Metrics Project status overview Direct holdings 1. Portland, Vic $4.1m $0.5m 30 lots with civil works completed in July 2016, sales and Revenue Pro forma1 EBITDA settlements lik
Slide 10: Balance Sheet
Balance Sheet For personal use only Focus continues on strengthening the Balance Sheet Balance Sheet ($m) 30 Jun ‘17 30 Jun ‘16 Key Items Receivables significantly reduced as a result of increased Assets focus on collection of outstanding amounts owing Cash / Equivalents 10.2 3.2 Other assets wh
Slide 11: Cashflows
Cashflows For personal use only Improving cashflow a key focus Summary cash flows ($m) FY17 FY16 Key Items Customer receipts have been impacted by the change Cash flows from operating activities from ‘Method 2’ invoicing to ‘Method 1’ invoicing. The effect of this one off change is to reduce the a
Slide 12: FY18 Outlook
For personal use only 03 FY18 Outlook PAGE 11
Slide 13: State overview
State overview For personal use only Strong external factors in all markets with opportunities for growth QLD: ~11% of SHA4 revenue Land Population growth 2006-161 title 840,885 Private Sector Houses approvals Approved 2016/172 23,650 Unemployment3 6.5% NSW: ~5% of SHA4 revenue Population growth 20
Slide 14: Economic and external factors
Economic and external factors For personal use only General economic conditions and external factors remain largely positive The majority of uncontrollable external factors remain positive, excluding land title approvals Cash rate currently at record low levels Recent Government initiatives ha
Slide 15: Homes business product offering
Homes business product offering For personal use only The right product mix to capitalise on the market and customer needs Our largest selling range of homes (includes Living Introduced in 2013, targeted at the budget conscious and Fusion range) first home buyers and investors Offered across a
Slide 16: FY18 outlook
FY18 outlook For personal use only Strengthening of the business foundations to continue in the short term Simonds Homes sales pipeline Underlying fundamentals look positive for sustainable 3,144 growth: 436 — Strong population growth 891 — Introduction of government initiatives to support first h
Slide 17: Looking to the future...
Looking to the future... For personal use only Strengthening of the business foundations to continue in the short term with benefits to be realised in the future FY20 FY19 FY18 Increase Increased site starts display New product footprint rollout Greater market Customer Gross share journey O margin O
Slide 18: Appendix: Statutory to pro forma reconciliation
For personal use only APPENDIX Statutory to pro forma reconciliation PAGE 17
Slide 19: Statutory to pro forma reconciliation
Statutory to pro forma reconciliation For personal use only FY17 FY17 FY17 FY16 FY16 FY16 Statutory to pro forma reconciliation ($m) Revenue EBITDA NPAT Revenue EBITDA NPAT Statutory result from continuing operations 587.4 10.1 2.1 628.5 4.4 (2.2) Impairment of non-core development land and - 1.4 1.
Slide 20: 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 21: Contact
For more information contact us at: Telephone: For personal use only +61 3 9682 0700 Mailing address: Locked Bag 4002 South Melbourne VIC 3205 01 Insert divider title 3 A InsertPhysical address: divider title 7 Level 1, 570 St Kilda Road Melbourne VIC 3004 www.simondsgroup.com.au Thank you