Slide 1: H1 FY22 results presentation
Leading national distributor and service provider to the Australian electrical market H1 FY22 results presentation 28 February 2022 STRICTLY CONFIDENTIAL
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND DISCLAIMER NO RELIANCE The information contained in this document is not investment or financial product advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The information provided in this
Slide 3: H1 FY22 Highlights
H1 FY22 HIGHLIGHTS Financial performance Statutory revenue Underlying EBITDA1 Underlying EBIT1 • • Strong organic and inorganic growth for the Group Statutory revenue of $81.7m, up 54% on pcp $81.7m $10.4m $8.6m • Underlying: Up 54% Up 55% Up 83% ‒ EBITDA of $10.4 million, up 55% on pcp (PCP $53.1m)
Slide 4: Business Summary
BUSINESS SUMMARY IPD’s business is split between the sale of infrastructure products and the provision of services to businesses across Australia Products Services H1 FY22 pro forma revenue split1 89% 11% Description Sale and distribution of a range of electrical Specialist provider of low and high
Slide 5: IPD's History of Growth
IPD’S HISTORY OF GROWTH Reliably serving Australia for over 65 years Evolution of IPD Key acquisitions 1950s 1968 1989 1998 2005 2014 2017 2018 2019 2020 2021 1950s 1968 1979 1989 2005 2008 2010 2014 2017 2018 2019 2020 2021 • English Electric • GEC Industrial • Management team • Sri Lankan • Acquir
Slide 6: Record HY performance
ipd group Record HY performance
Slide 7: Profit and Loss
PROFIT AND LOSS Underlying profit and loss (before IPO costs)1 Record half year performance H1 H1 % $m FY22 FY21 change • The Group continues to perform very strongly, recording record half year revenues and profits Revenue 81.7 53.1 54% • Strong performance across all product and customer segments
Slide 8: Sales Growth and Margins
SALES GROWTH AND MARGINS Record half year results achieved Statutory revenue and gross profit margins Gross profit margin (%) • Statutory revenue of $81.7m, up 54% on pcp Statutory revenue ($m) ‒ strong revenue growth has been achieved despite the effect of lockdown in 81.7 some states as well as gl
Slide 9: Capital Management
CAPITAL MANAGEMENT Balance sheet Strong balance sheet 31 Dec 21 30 Jun 2021 30 Jun 2021 $m • Strong balance sheet with $57.2m net assets, no debt and a closing Statutory Proforma1 Statutory cash balance of $19.8m Cash 19.8 17.6 12.6 • $31.3m of inventory on balance sheet, reducing the risks associat
Slide 10: Strategic initiatives and outlook
2 Strategic initiatives and outlook
Slide 11: Strategic Initiatives
STRATEGIC INITIATIVES Integration of IPD, Control Logic and HTC Electric vehicles (EV) market • Integration of product businesses will allow: • IPD is well placed to capitalise on EV infrastructure stimulus and the growing consumer demand ‒ one invoice, one statement – key customer offering • Wholes
Slide 12: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK Proforma EBITDA ($m) First month of H2 FY22 • Continued strong trading in the first month of H2 FY22 20.5 19.7 FY22 forecast upgrade • Positive outlook for continued growth; earnings guidance upgraded against FY22 prospectus forecast 18.1 • FY22 statutory EBITDA forecast r
Slide 13: IPD Are Exposed to a Number of High Growth Areas
IPD ARE EXPOSED TO A NUMBER OF HIGH GROWTH AREAS Modular Renewable Industrial control Electric vehicles Data centres switchboard energy systems systems Public and private sector Increased focus on High profile cyber attacks Rising demand for Changes in the newly commitments to transition compliance
Slide 14: Growth Strategy
GROWTH STRATEGY Increase spend from • IPD have invested and continue to invest to drive organic growth in areas including branding and promotion, innovation existing customers and new product introduction, sales and distribution and operations. • Proven track record of successful acquisitions, havin
Slide 15: Key Business Highlights
KEY BUSINESS HIGHLIGHTS 1 Strong market fundamentals supporting long-term growth and consistent demand 2 Broad suite of infrastructure products and services offered nationwide 3 Long-standing partnerships with global supply partners 4 Diverse, long tenured and loyal customer base supporting a qualit
Slide 16: Questions
ipd group Questions
Slide 17: Appendices
ipd group Appendices
Slide 18: P&L Reconciliation
P&L RECONCILIATION $m H1 FY22 H1 FY21 $m H1 FY22 H1 FY21 Statutory revenue 81.7 53.1 Statutory NPAT 4.8 3.1 Impact of HTC acquisition 4.0 - Offer costs 1.6 - Proforma revenue 85.7 53.1 Tax impact (0.4) - Underlying NPAT 6.0 3.1 $m H1 FY22 H1 FY21 Statutory EBITDA 8.8 6.7 Offer costs 1.6 - Underlying