Pwr Holdings Ltd. · ASX:PWH
Pwr — H1 FY2020 Earnings Presentation
12 slides from Pwr's earnings presentation, Feb 28, 2020
Slide 1: For personal use only
For personal use only
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire
Slide 3: H1 FY20 Results Highlights
H1 FY20 RESULTS HIGHLIGHTS H1 FY20 H1 FY19 For personal use only Revenue $29.8m $24.8m ↑ 20% Diversification commenced – refer to revenue commentary. EBITDA Increase in line with revenue - Statutory $ 7.6m $ 5.0m ↑ 51% with margins consistent at 20%. - Excluding AASB 16 $ 6.8m $ 5.0m ↑ 34% NPAT $ 3.
Slide 4: H1 FY20 Performance
H1 FY20 PERFORMANCE For personal use only H1 FY20 performance places us in a strong position for FY20 and beyond • Revenue $29.8m up 20% on pcp. Growth across all primary categories with 82% of revenue growth from emerging technologies and OEM categories. • Sales movement by currency to pcp - GBP sa
Slide 5: Revenue
REVENUE For personal use only Commentary - Overall revenue growth of 20% with all major categories contributing. - Revenue diversification a key feature of growth profile (refer to next slide for more details). - Currency movements contributed $0.8m to revenue growth. - Forward revenue pipeline for
Slide 6: Revenue Category Movements
REVENUE For personal use only REVENUE CATEGORY MOVEMENTS H1 FY20 H1 FY19 Change (A'000) % (A'000) % Motorsports $ 15,980 54% $ 15,158 61% 5% Automotive Aftermarket $ 5,729 19% $ 5,519 22% 4% Emerging Technologies $ 2,680 9% $ 1,313 5% 104% OEM $ 4,689 16% $ 1,979 8% 137% Industrial & Other $ 700 2%
Slide 7: Financial Performance
FINANCIAL PERFORMANCE For personal use only Commentary A$'000 H1 FY20 H1 FY19 Variance • Revenue growth of 20% previously Revenue 29,778 24,762 20.3% discussed. EBITDA1 - statutory 7,628 5,038 51.4% • Change in sales mix with OEM and emerging technologies key drivers - underlying 6,747 5,038 33.
Slide 8: Balance Sheet
BALANCE SHEET December June For personal use only A$000 2019 2019 Commentary Assets • Strong net cash position. Cash and cash equivalents 7,873 20,223 • Continued focus on working capital utilisation. Trade and other receivables 5,331 4,689 • FY 20 capex program well advanced with Inventories 7,499
Slide 9: Working Capital & Cash Flow
WORKING CAPITAL & CASH FLOW (NORMALISED FOR AASB 16) For personal use only A$'000 H1 FY20 H1 FY19 Commentary • Net operating cashflow up 24% Trade, other receivables & prepayments 7,260 7,576 from prior comparative period. Inventories 7,499 8,111 • Continued focus on working capital Trade & other pa
Slide 10: Business Outlook - Overview
BUSINESS OUTLOOK - OVERVIEW For personal use only H2 FY20 and FY21 on track for growth • New UK facilities at Silverstone from July 2020. • Additional adjacent property leased and commissioned in Australia for dedicated micro matrix and vacuum brazing facilities. • Capital expenditure program for FY
Slide 11: AASB impact on statutory results
AASB 16 impact on statutory results ($’000) H1 FY20 H1 FY19 Change For personal use only % Statutory profit before depreciation, net finance costs and income tax 7,628 5,038 Lease payments (881) - Normalised profit before depreciation, net finance costs & income tax 6,747 5,038 34% Depreciation & am
Slide 12: Thank You
For personal use only Page 12 Thank You