Trellidor Holdings Ltd. · JSE:TRL
Trellidor — FY2025 Earnings Presentation
20 slides from Trellidor's earnings presentation, Sep 4, 2025
Slide 1: Full Year Results Presentation
Trellidor Holdings Limited 30 June 2025 Full Year Results Presentation 4 September 2025 | 11:00 | Hosted by PSG Capital WELCOME We will begin shortly holdings.trellidor.co.za
Slide 2: Summarised Consolidated Annual Financial Statements for the Year Ended 30 June 2025
TRELLIDOR HOLDINGS LIMITED SUMMARISED CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Slide 3: Operational Review
OPERATIONAL REVIEW TERRY DENNISON Group Chief Executive Officer
Slide 4: Sale of Taylor and NMC
Sale of Taylor and NMC The group has successfully completed the sale of Taylor and NMC with the effective date of sale being 30 June 2025, as reported in SENS releases on 1 July 2025, 21 August 2025 and 28 August 2025. Taylor and NMC are regarded as Assets held for sale in the Annual Financial State
Slide 5: Domestic Market Overview
DOMESTIC MARKET OVERVIEW Challenges • While there have been two further rate cuts and there are signs of an improvement, the local economy remains weak with low levels of household disposable income. • Uncertainty fuelled by the budget impasse and fears of a major VAT rate increase, coupled with the
Slide 6: Domestic Market Overview
DOMESTIC MARKET OVERVIEW With Taylor and NMC sale now complete, the focus of this presentation will be on the Trellidor business. • Q1 returned a weak start to the year, but Q2 and Q3 achieved improvement on the prior year. • The final three months of the year proved to be challenging and stalled th
Slide 7: International Market Overview
INTERNATIONAL MARKET OVERVIEW • While also impacted with a weaker Q4, growth in Africa continues with a small growth recorded for the year. - Strong results in key focus areas were offset to by weaker performance in others. - The increased focus in the B2B market has identified several new opportuni
Slide 8: Improving Profitability Metrics
IMPROVING PROFITIBILITY METRICS • Significant cost reduction has been achieved in the Trellidor business on an annualised basis, while retaining focus and investment in restoring sales volumes. • The key manageable metrics of Materials consumed % and Discount allowed % both showed improvement on a l
Slide 9: Salient Features for the Year
SALIENT FEATURES FOR THE YEAR Revenue from R 367.1 million continued operations (2024: *Re-presented R402.9 million) Headline earnings per share 31.5 cents (2024: 36.1 cents) Net cash from R 66.5 million operations (2024: R 51.1 million) Net debt as at 30 June 2025 R 71.3 million (2024: R 115.7 mill
Slide 10: Strategic Outlook
STRATEGIC OUTLOOK • Restoration of shareholder value remains the foremost strategic focus of the Group. • The Group has successfully completed the first phase in this strategy being the significant reduction in the net debt position and resultant stablising of the balance sheet. • This, coupled with
Slide 11: Financial Review
FINANCIAL REVIEW DAMIAN JUDGE Group Chief Financial Officer
Slide 12: Group Financial Performance
GROUP FINANCIAL PERFORMANCE Profit After Tax HEPS Impairment R 29.9 million 31.5 cents R69.4 million down 13.1% down 12.7% disposal of Taylor and NMC • The Group’s trading profit after tax was R29.9m (2024: R34.4m) • Headline Earnings per share of 31.5 cps (2024: 36.1 cps) • Earnings per share was a
Slide 13: Earnings Per Share
EARNINGS PER SHARE FY 25 vs HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 FY 24 Profit attributable to ordinary shareholders 24.1 0.4 25.6 3.5 20.4 34.4 28.0 (39.7) (215.5%) Adjusted for: Profit on disposal of property, plant and equipment (0.0) (0.0) - 0.5 - (0.1) - 0.3 Impairment
Slide 14: Group Financial Position
GROUP FINANCIAL POSITION Cash from operations Net debt Dividend declared R 66.5 million R 71.3 million 12.0 cps up 30.1% down 38.4% Payable 29 September 2025 • Cash generated from operations increased 30.1% to R66.5m drive by strong working capital management • Net debt was reduced by R44.4m to R71.
Slide 15: Group Balance Sheet
GROUP BALANCE SHEET 350 35.0x 300 30.0x 191.1 233.3 194.9 173.2 190.6 202.5 250 25.0x 166.9 165.7 Interest cover 200 20.0x R'm 150 15.0x 100 8.5x 7.7x 10.0x 6.7x 6.8x 3.9x 3.7x 4.0x 50 5.0x 2.2x 99.9 96.4 121.1 121.5 110.9 99.6 80.7 69.9 0 0.0x HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025
Slide 16: Group Summarised Cash Flow
GROUP SUMMARISED CASH FLOW 71.3 66.5 61.5 51.1 48.3 R'm 43.4 39.5 38.6 34.7 31.8 29.9 28.2 24.5 24.3 20.5 20.2 20.4 18.2 18.7 16.5 11.9 3.5 0.3 7.0 HY 2022 FY 2022 HY 2023 FY 2023 HY 2024 FY 2024 HY 2025 FY 2025 Headline Earnings after tax Cash from operating activities Free cash flow
Slide 17: Assets Classified as Held for Sale
ASSETS CLASSIFIED AS HELD FOR SALE Purchase Price Impairment of assets held for sale R 51.9 million R 69.4 million paid 25 August 2025 recognised at 30 June 2025 • Disposal of Taylor and NMC completed on 25 August 2025 • Effective control passed on 1 July 2025 • Purchase price R51.9m based on adjust
Slide 18: Continued Operations Performance
CONTINUED OPERATIONS PERFORMANCE Revenue Operating Profit Operating Margin R 367.1 million R 39.8 million 10.8% down 8.9% down 28.3% from 13.8% • Local Trellidor division revenues below expectation – 7.8% decline • Trellidor Africa showed growth – 1.4% increase • Trellidor UK anticipated decline fol
Slide 19: Revenue Segmental Analysis
REVENUE SEGMENTAL ANALYSIS Geographical Source 27% South Africa Rest of Africa F25 29% Rest of World 59% South Africa 14% F24 Rest of Africa 58% Rest of World 13%
Slide 20: Q & A
TERRY DENNISON DAMIAN JUDGE GROUP CEO GROUP CFO Q&A holdings.trellidor.co.za