Oldfields Holdings Ltd · ASX:OLH
Oldfields — Shareholder Meeting (November 2023)
27 slides from Oldfields's shareholder meeting presentation, Nov 24, 2023
Slide 1: Annual General Meeting
Annual General Meeting 24 November 2023 Oldfields Holdings Limited (ASX:OLH)
Slide 2: Board of Directors
Board of Directors Joe Screnci Michael Micallef Jie Ma David Baird Jonathan Doy CHAIRMAN, INTERIM CEO & MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NDEPENDENT NON-EXECUTIVE INDEPENDENT NON-EXECUTIVE DIRECTOR DIRECTOR Joe has held non-executive Michael has over 25 years' A successful businessman in A re
Slide 3: Disclaimer
Disclaimer This company presentation (“Presentation”) has been prepared by Oldfields Holdings Limited ABN 92 000 307 988 (“OLH”, “Oldfields”, or “the Company”) Summary information: This Presentation contains summary information about OLH and its related bodies corporate and their activities, which i
Slide 4: Agenda
Agenda 1. Welcome 2. Chairman’s Address 3. CEO’s Address 4. Resolutions Resolution 1 - Re-election of Director Resolution 2 - Election of Director Resolution 3 - Remuneration Report Resolution 4 - Approval of Additional Share Issue Capacity under ASX Listing Rule 7.1A Resolution 5 - Approval of Gran
Slide 5: Chairman’s Address
Chairman’s Address Joe Screnci Interim Chairman
Slide 6: Welcome
WELCOME Financial year 2023 has been a year of significant turnaround in the Group’s financial performance with our earnings grew by more than half. Shortly you will hear from our CEO Michael Micallef on how the financial year 2023 played out and the business transformation underway. Led by Michael,
Slide 7: Welcome
WELCOME We believe Oldfields is on the right path to transform into a more sustainable, high performing organisation that delivers long term values for our shareholders. We also continue to explore and invest in opportunities that can expand our revenue base. The business transformation will require
Slide 8: CEO’s Address
CEO’s Address Michael Micallef CEO & Managing Director
Slide 9: A letter from our CEO
A letter from our CEO The ongoing revival of this iconic Australian brand, which boasts a rich history spanning 107 years, has been an incredibly rewarding journey. Over the past year, new leadership throughout the organisation has skillfully executed pivotal transformative endeavours and market-ori
Slide 10: Oldfields. Strategy Pioneered
Oldfields. Strategy Pioneered ——— To be the most trusted and demanded scaffold solutions To help all on their path to build, restore or renovate through and paint tools partner. transparency, product leadership and customer devotion. Our Values CUSTOMER DEVOTION. Everything we do is dedicated to off
Slide 11: Business Update
Business Update oldfields
Slide 12: FY23 Results
FY23 Results $39.9m $2.4m 44% $16.5m GROUP REVENUE EBITDA GROSS MARGIN GROSS PROFIT UP 53.8% UP 352% UP 8.5% UP 91% $14.7m $23m OPERATING ($1m) SALES OF MATERIAL HIRE & SERVICES CASHFLOW NPAT UP 56.4% UP UP 52.2% 52.2% UP 166% UP 70%
Slide 13: FY23 Results - Group Revenue ($M)
FY23 Results - Group Revenue ($M) The Group's revenue for the year ended 30 June 2023 was $37.6 million (2022: $24.5 million), an increase of 53.8% compared with the prior period Revenue from sales of materials (Paint Accessories and Scaffold) increased by $5.3 million (56.4%) while the revenue for
Slide 14: FY23 Results - Group EBITDA ($M)
FY23 Results - Group EBITDA ($M) We reported a 350% growth in EBITDA, showing a substantial improvement from the prior corresponding period and reversing the declining trend that can be seen since FY19
Slide 15: FY23 Group Margin, NPBT
FY23 Group Margin, NPBT Gross profit margins increased from 35.4% to 44.0% The Group’s net profit before tax was -$700K, due to a return of better management of costs and significantly better than $3.8 million loss for the same supply chain efficiency as well as improvement in period last year volum
Slide 16: FY23 Group Result
FY23 Group Result The Group's revenue for the year ended 30 June 2023 was $37.6 million (2022: $24.5 million), an increase of 53.8% compared with the prior period. Revenue from sales of Metric FY23 FY22 % Change materials (Paint Accessories and Scaffold) increased by $5.3 million (56.4%) while the r
Slide 17: FY23 Divisional Result
FY23 Divisional Result Sales of Material Division Divisional increase of 56.4%, amounting to $5.3 million, resulting in a total of $14.7 million in revenue Gross Profit saw an uplift 27% amounting to $1.5 million, resulting in a total of $7.7 million Scaffold sales growth of 141.8%, from $3.1 millio
Slide 18: FY24 Key Initiatives
FY24 Key Initiatives Digital Transformation International Market Expansion Operational Efficiency Mergers & Acquisitions B2C Ecom Website NZ North America Distributor Q2 move to 3PL for Paint Aligning opportunities with sales of Digitally transform Australian Website UK, Ireland, Partnership & Expan
Slide 19: Executive Team
Executive Team Michael Micallef Alan Lee Stephanie Levy Maria Taylor CHIEF TRANSFORMATION HEAD OF HUMAN CEO & MANAGING DIRECTOR CHIEF FINANCIAL OFFICER OFFICER RESOURCES Michael has over 25 years 25 years experience in financial A strategic and innovative A strategic HR executive, experience in grow
Slide 20: Items of Business
Items of Business Chairman oldfields
Slide 21: Resolution 1
RESOLUTION 1 Re-election of Mr David John Baird as a Director “That Mr David John Baird, who retires by rotation in accordance with the Company's Constitution and the ASX Listing Rules, and being eligible, offers himself for re-election as a Director, be re-elected as a Director“.
Slide 22: Resolution 2
RESOLUTION 2 Election of Mr Joseph Screnci as a Director That Mr Joseph Screnci, who was appointed to the Board on 3 April 2023, retires in accordance with Article 6.1(e) of the Company's Constitution and being eligible offers himself for election as a Director, be elected as a Director“.
Slide 23: Resolution 3
RESOLUTION 3 Remuneration Report “That the FY2023 Remuneration Report be adopted”.
Slide 24: Resolution 4
RESOLUTION 4 Approval of Additional Share Issue Capacity under ASX Listing Rule 7.1A “That, pursuant to and in accordance with ASX Listing Rule 7.1A and for all other purposes, the shareholders of the Company approve the issue of Equity Securities up to10% of the issued capital of Oldfields Holdings
Slide 25: Resolution 5
RESOLUTION 5 Approval of Grant of Options to Michael Micallef, CEO & Managing Director of the Company “That, for the purposes of ASX Listing Rule 10.11 and sections 200B and 200E of the Corporations Act and for all other purposes, the Shareholders of the Company approve the grant of 2,000,000 option
Slide 26: Resolution 6
RESOLUTION 6 Adoption of proportional takeover bid provisions "That, for the purposes of sections 136(2) and 648G of the Corporations Act, the proportional takeover bid provisions in rule 14 of the Company's Constitution be and are hereby adopted for the three year period from 24 November 2023 up to
Slide 27: Q&A
Q&A oldfields
Oldfields Holdings — Shareholder Meeting (November 2023) on 6ix