Fos Capital Ltd · ASX:FOS
Fos Capital — Shareholder Meeting (November 2021)
11 slides from Fos Capital's shareholder meeting presentation, Nov 30, 2021
Slide 1: 2021 AGM Presentation
For personal use only 2021 AGM Presentation ASX:FOS
Slide 2: FY21 Highlights
FY21 Highlights For personal use only $ 8.1M $0.96M $ 3.8M Pixon Technology Sales +47% PBT (pre ipo exp) Order book +164% Appointed exclusive distributor Acquisition $ 2.2M ASX listed 47 JSB Lighting Reduced JSB cost base IPO raised $3m Employees +56%
Slide 3: FY21 Operational Update
FY21 Operational Update • JSB integration complete For personal use only • Subleased JSB factory to new tenant & relocated to FOS factory • Vacated/relocated 6 other office/warehouses • Merged JSB & FOS IT systems and now operating as one company • Completed sale of Intralux inventory • Cost of rest
Slide 4: Financials June 2021
Financials 30 June 2021 For personal use only P&L ($m) FY21 FY20* Balance Sheet ($m) FY21 FY20 Sales 8.1 5.5 Cash & Receivables 5.27 2.01 PBT (excl ipo costs) .96 .4 Stock, P&E, Other 5.71 2.87 IPO costs .17 .19 Total Assets 10.98 4.88 PBT .90 .21 Payables 1.6 .8 PAT .78 .12 Other 2.46 1.19 EPS 1.7c
Slide 5: FY21 Comparative analysis
FY21 Comparative analysis For personal use only Sales by Region FY20 Sales by Region FY21 Import vs Local Manufactured QLD NSW QLD 56% 18% 38% NSW 4% Manufactured Imported 48% 52% SA 2% VIC VIC 34% OTHER 40% 8%
Slide 6: YTD Highlights - November
YTD Highlights - November For personal use only $ 5.1M $ 6.1M $ 47M Sales +66% Order book +500% Active Quotes +90% Acquisition ISO9001 QA iCore Smart Poles 54 Ecopoint Lighting Accreditation Appointed exclusive distributor Employees +80%
Slide 7: YTD Commentary
YTD Commentary • Order book continues to climb as we navigate lengthy lock downs in VIC, NSW & NZ For personal use only resulting in project sales & order delays. • Investment in new sales executives to deliver greater results in second half. • Ecopoint acquisition completed and positively contribut
Slide 8: Comparative analysis
Comparative analysis For personal use only Active Quotes Orders on Hand Sales $15.1M 6.1M 47.0M 42.0M 3.8M $9.0M $8.1M 25.1M $5.5M 15.0M $4.2M 1.5M 1.5M $2.8M $6.1M $3.9M $2.7M Jun 2020 Dec 2020 Jun 2021 Nov 2021 Jun 2020 Dec 2020 Jun 2021 Nov 2021 FY2020 FY2021 FY2022 (Forecast) 1H 2H
Slide 9: Outlook
Outlook • Ecopoint acquisition bedded down looking to expand sales team For personal use only • ANZ operation with 54 staff now in place well placed for further growth • Proven & experienced management team with substantial skin in the game • Record order book $6.1M underwrites increased second half
Slide 10: Strong financial and market position
Strong financial and market position For personal use only Robust balance sheet Continued investment in Acquisition strategy • Low Capex • Acquire Synergistic • People • No Debt Business’s • Products • Build Critical Mass Organic growth Manufacturing facility Risk diversified • +25% PA • Quality ass
Slide 11: FOS at a glance
FOS at a glance Capital Structure ASX:FOS Directors For personal use only Shares on Issue 46.3m Non-Executive Chairman Sandy Beard Share price (29/11) 24c Managing Director Con Scrinis Market Cap $11.1m Executive Director Michael Koutsakis Non-Executive Director Michael Monsonego Employees 54 Brands