Elixinol Wellness Ltd · ASX:EXL
Elixinol Wellness — H1 FY24 Earnings Presentation
16 slides from Elixinol Wellness's earnings presentation, Aug 29, 2024
Slide 1: H1 FY24 Results Presentation
H1 FY24 Results Presentation 29 August 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Elixinol Wellness Limited (Company). It contains general background information only which is current at the date of this presentation unless otherwise specified. It contains selected summary information and does not purport to be all-inclusive, comp
Slide 3: H1 FY24 Performance Overview
H1 FY24 Performance Overview
Slide 4: H1 FY24 Scorecard
H1 FY24 Scorecard Sales Growth Cost Efficiency • Impressive Revenue Growth: Group revenue of • 9% Cost Reduction in H1: Impressive sales $6.8M* in H1 FY24 vs $3.5M H1 FY23 growth and cost cuts set up H2 for profitability • Record Australian revenue : $5.8M sales (+ 174%) • Optimised Operations: Stre
Slide 5: Financial Highlights
Financial Highlights Revenue Growth Revenue ($M) $10.0 • Australia’s expanded House of Brands dominates $9.0 with H1 sales surging to $5.8M (+174% v H1 FY23) $8.0 $7.0 • Promising H2 Outlook: H2 revenue target of $9.2- $6.0 $M $5.0 $10M, with the US poised for renewed growth as focus $4.0 transition
Slide 6: Financial Snapshot (P&L)
Financial Snapshot (P&L) H1 FY24 H1 FY23 Impressive Revenue Gains $(M) $(M) Revenue 6.8 3.5 • Group revenue up 96% growth YoY driven by EXL’s expanded House of Brands following TSN and Ananda Food acquisitions, and Cost of goods sold (4.4) (1.9) strong at HFA Gross Profit 2.4 1.6 Margin Dynamics- Sa
Slide 7: Segment Performance
Segment Performance A$M Australia Americas Corporate Strong Sales in Australia H1 H1 H1 H1 H1 H1 FY24 FY23 FY24 FY23 FY24 FY23 • Revenue surged from $2.1M to $5.8M, driven by robust Revenue 5.8 2.1 1.0 1.3 - - sales performance, expanded operations, and the Gross profit 1.7 0.7 0.6 0.8 - - successfu
Slide 8: Financial Position
Financial Position 30 Jun 31 Dec 2023 Current Asset Stability 2024 ($M) ($M) • Demonstrating effective management of short-term Current assets resources focused on inventory Cash and cash equivalents 1.6 0.7 Trade & other receivables 2.0 1.7 Increase in Cash Reserves Inventories 4.1 3.7 • Proceeds f
Slide 9: H1 FY24 Cash Flow
H1 FY24 Cash Flow H1 FY24 H1 FY23 $(M) $(M) Operating Cash Flow Cashflow from operating activities (2.1) (0.6) • Increase in operating cash burn due to inventory build and Cashflow from investing activities 0.4 (1.0) higher operating expenses as part of TSN and Ananda integration Cashflow from finan
Slide 10: House of Brands
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Slide 11: House of Brands
House of Brands H1 Sales Performance H1 Sales Performance H1 Sales Performance • 44% growth year-on-year • 68%* growth year-on-year • 25% lower year-on-year • Hemp Ingredients • New SKUs • Out of stock SKUs • Protein products, • Expanded distribution, • Transitional website issues • Functional Seed
Slide 12: House of Brands
House of Brands H1 Sales Performance H1 Sales Performance H1 Sales Performance • Integrating into EXL portfolio • 16%* growth year-on-year • 19% growth year–on-year • Strong national grocery distribution • Market demand increasing: • Bulk ingredients bolstered by with consistent sales • Major pet re
Slide 13: H2 FY24 Growth Strategy
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Slide 14: H2 FY24 Scorecard
H2 FY24 Scorecard Sustained Expansion Operational Excellence Expand Market Presence Streamlined Processes & Greater Efficiency • Increase Grocery in proven product categories • Increase operational efficiency with increased post-merger volume through EXL facilities • Pharmacy through strategic partn
Slide 15: 2025 and Beyond
2025 and Beyond 2024 Sales Mix Hemp Foods Australia Bulk Ingredient Mount Elephant Expansion 13% Mt Elephant • Capture share of $734M baking mix market 16% 39% Field Day • Expand Mt Elephant's range with 2-4 new SKUs • Capitalise on "conscious indulgence" movement Ananda / Soul Seeds 1% 10% Soul See
Slide 16: Thank you!
Elixinol © Wellness Thank you!