Ntaw Holdings Limited. · ASX:NTD
Ntaw — National Tyre & Wheel — Shareholder Meeting (November 2018)
24 slides from Ntaw's shareholder meeting presentation, Nov 15, 2018
Slide 1: 2018 Annual General Meeting and Presentations
National Tyre & Wheel Limited PH: (07) 3255 6595 | FAX: 07 3392 7318 30 Gow Street, Moorooka QLD 4105 PO Box 101, Moorooka QLD, 4105 ABN 97 095 843 020 For personal use only ASX Announcement 15 November 2018 2018 Annual General Meeting and Presentations National Tyre & Wheel Limited (ASX: NTD) (‘the
Slide 2: Chairman's Address
Chairman’s Address For personal use only 2018 Annual General Meeting of National Tyre & Wheel Limited (ACN 095 843 020) 15 November 2018 Welcome to National Tyre and Wheel’s inaugural Annual General Meeting for the year ended 30 June 2018. National Tyre and Wheel listed on the Australian Securities
Slide 3: Financial Results 2018 Financial Year
For personal use only Financial Results 2018 Financial Year Peter Ludemann Managing Director Note: Top Draw Tyres now trades as Tyrelife Solutions 15 November1 2018
Slide 4: Important Information and Disclaimer
Important Information and Disclaimer For personal use only This presentation may contain certain unaudited financial information in relation to National Tyre & Wheel Limited (NTD or the “Company”). As such, it has not been subject to an audit or an audit process or otherwise independently verified
Slide 5: FY18 Results Highlights
FY18 Results Highlights For personal use only FY18 result exceeds Prospectus forecast Unit volume up 7.7% on FY17 Acquired businesses deliver on investment case Statewide acquisition completed in May 2018 Other M&A discussions continuing 3
Slide 6: The new generation AT3 … Australia, NZ and South Africa
The new generation AT3 … Australia, NZ and South Africa For personal use only
Slide 7: Targets & Improvements
Targets & Improvements For personal use only
Slide 8: Pushing and Pulling
For personal use only Pushing and Pulling
Slide 9: Celebrating Engagement; The new purchase pathways
Thenew Celebrating Engagement Curve purchase pathways For personal use only
Slide 10: Competing on quality … on our terms
Competing on quality … on our terms For personal use only
Slide 11: More new products
More new products For personal use only The All New Cooper ATT New wheel for Dynamic New MPC tyre & wheel TCC
Slide 12: Developing strategic partnerships
Developing strategic partnerships For personal use only A loyalty program codifying our commitment to outstanding customer service. “Respect is earned. Honesty is appreciated. Trust is gained. Loyalty is returned” Fair, Transparent, Responsive & Motivational Membership categories reflecting diff
Slide 13: Pro Forma Results
Pro Forma Results For personal use only FY18 Pro Forma NPATA $10.7 million ahead of FY18 full year prospectus forecast NPATA $10.3 million FY18 Pro Forma EBITDA $16.9 million (FY18 full year prospectus forecast $16.4 million) Statewide excluded from pro forma, adds another $0.2 million to EBITDA … o
Slide 14: Organic Growth
Organic Growth For personal use only Increased sales of new SUV and passenger products launched in 2016 Increased participation in 360 loyalty programs (all markets) Being part of new consumer purchase pathways (e.g. TCC) New wheel products and geographies Tapping into growth in the caravan manufact
Slide 15: Acquisitions
Acquisitions For personal use only Dynamic … warehouse integration WA, QLD, NSW. Vic in 2019 Dynamic … Dick Cepek distribution, marketing support MPC … Federal purchases up, marketing support Statewide … OH&S, systems enhancements Cotton Tyre Service … full integration to ETD branch operation Top Dr
Slide 16: Summary of Pro Forma Results
Summary of Pro Forma Results For personal use only $'000 Pro Forma Historical Forecast Actual Note Comments FY2015 FY2016 FY2017 FY2018 FY2018 s Sa l es revenue 1 137,662 137,379 144,464 155,232 153,402 The pro forma consolidated statement of profit and loss for FY2018 is Cos t of s a l es 2 (95,5
Slide 17: Balance Sheet
Balance Sheet For personal use only $'000 FY2018 FY2017 Balance Sheet 30 June 2018 30 June 2017 Current assets Notes Cash and cash equivalents 19,608 14,765 Receivables 25,900 19,840 1. Cash and cash equivalents – The Group has a strong cash position holding $19.6 Inventories 47,754 31,348 million a
Slide 18: Trading Update – Background
Trading Update – Background For personal use only Consumer demand subdued, retail sell out down Resulting sales impact mostly felt at ETD (Australia), especially in October AT3 sales up but other 4WD & SUV products affected in all regions FY19 expect ETD (Aust.) to be slightly down YOY, other busine
Slide 19: Trading Update – FY19 Guidance
Trading Update – FY19 Guidance For personal use only FY19 Revenue forecast $170-180m FY19 GP to be within historical range (29-32%) @ 29-30% Oct/Nov price rises to cover FX to April 2019 Further price rises (carbon black) in Q3 H1 marketing spend up due to AT3 launch H1 pro forma EBITDA ≈ $6-6.5m (H
Slide 20: Trading Update – FY19 H1:H2
Trading Update – FY19 H1:H2 For personal use only H1:H2 phasing is usually ≈ 45% : 55% FY19 guidance for revenue ≈ 48% (H1) : 52% (H2) GP (%) forecast to improve with price increases H1 expenses at budget despite lower sales H2 expenses forecast to be $2.6m lower than H2 (mainly marketing, SBP, bonu
Slide 21: FY19 Strategic Plan
FY19 Strategic Plan For personal use only New generation Cooper AT3 … Australia, NZ, South Africa Cooper ATT (SUV all terrain) to launch in Q3 Loyalty Program (all regions), TCC & SUV segmentation project New wheels and customers … MPC & Dynamic Cooper customer growth (ETD Australia) Top Draw … geog
Slide 22: Diversity & Scale
Diversity & Scale For personal use only Acquires 51% of Smith’s Tyre Centre ETD company 4x4 Wheel Acquires Dynamic Wheels and Acquires retail expansion, sale Co merges Statewide and move into established – to focus on 4WD the buys out NTW interest in Cooper with 50% of MPC IPO Tyre wholesale wholesa
Slide 23: M&A Plan, Cash & Dividends
M&A Plan, Cash & Dividends For personal use only 30 Oct. net cash = $1.8m (cash $15.7m less borrowings $13.9m) Dividend Policy remains (40-60% of NPATA) M&A negotiations continuing Market conditions impeding timely resolution Lower NTAW share price will impact on M&A structure $125k abnormal DD cost
Slide 24: Thank you
For personal use only Thank you Note: Top Draw Tyres now trades as Tyrelife Solutions 15 November222018
National Tyre & Wheel — Shareholder Meeting (November 2018) on 6ix