Lindsay Australia Limited · ASX:LAU

Lindsay Australia — FY2022 Earnings Presentation

20 slides from Lindsay Australia's earnings presentation, Sep 2, 2022

1. Slide 1: ASX Release: FY2022 Results Presentation

   152 Postle Street Acacia Ridge QLD 4110 Locked Bag 2004 Archerfield Qld 4108 ABN 81 061 642 733 P: 07 3240 4900 F: 07 3054 0240 www.lindsayaustralia.com.au For personal use only ASX Release 02 September 2022 ASX Market Announcements 20 Bridge Street SYDNEY NSW 2000 FY2022 Results Presentation – Lind

2. Slide 2: Lindsay Australia Limited FY2022 Results Presentation

   For personal use only LINDSAY AUSTRALIA LIMITED FY2022 RESULTS PRESENTATION ASX: LAU

3. Slide 3: Disclaimer

   DISCLAIMER For personal use only This presentation has been prepared by Lindsay Australia Limited (“LAU”). The In particular, no representation or warranty, express or implied, is given as to the information contained in this presentation is for information purposes only. The accuracy, completeness

4. Slide 4: The Lindsay End-to-End Solution

   THE LINDSAY END-TO-END SOLUTION For personal use only Lindsay Australia Limited (ASX: LAU) is a leading integrated transport, logistics and rural supply company with a specific focus on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries

5. Slide 5: Our National Transport Network

   OUR NATIONAL TRANSPORT NETWORK For personal use only LINDSAY RURAL Adelaide Mundubbera Bundaberg Atherton Murwillumbah Childers Ayr Nambour Coffs Harbour Brisbane Retail Stanthorpe Emerald Tully Gatton Brisbane Warehouse Bowen Woolgoolga Innisfail Brandon Mackay Bundaberg LINDSAY Mareeba Childers TR

6. Slide 6: Corporate Snapshot

   CORPORATE SNAPSHOT For personal use only ASX Stock Code [LAU] 12-month share price performance and volume Board of Directors and Key Management FY22 revenue $554m KMP Role Mr Ian Williams Non-Executive Director and Chair FY22 underlying1 EBITDA $60.1m Mr Kim Lindsay Managing Director and CEO Cash ba

7. Slide 7: Overview

   For personal use only OVERVIEW

8. Slide 8: FY22 Key Highlights

   FY22 KEY HIGHLIGHTS For personal use only Execution of strategic objectives, along with strong demand for rail, road and rural services, delivers record revenue and earnings despite challenging operating conditions. OPERATING REVENUE UNDERLYING EBITDA1 UNDERLYING PBT1 NET DEBT2 LTIFR5 $553.7m $60.1m

9. Slide 9: Financial Highlights

   For personal use only FINANCIAL HIGHLIGHTS

10. Slide 10: Strategic Execution Delivers Record Earnings

    STRATEGIC EXECUTION DELIVERS RECORD EARNINGS For personal use only FY22 Underlying EBITDA Bridge ($’M) Group underlying EBITDA ($’M), 5 Year View 60.1 45.3 40.4 37.7 36.1 FY18 FY19 FY20 FY21 FY22 Executing the Group’s Ongoing investment in Transport result was driven by Rural continued to focus on L

11. Slide 11: Focused Capital Spend Helps Improve Key Metrics

    FOCUSED CAPITAL SPEND HELPS IMPROVE KEY METRICS For personal use only Group borrowings1 ($’M) Net Leverage Ratio 3.50 130 3.00 Millions 125 6 2.96 6 2.50 2.63 120 3 2.61 3 115 4 16 2.00 2.04 110 17 1.50 20 18 1.65 105 16 1.00 100 107 95 101 100 0.50 96 99 90 - FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20

12. Slide 12: Operating Cash Flow

    OPERATING CASH FLOW For personal use only Operating cash flow decreased by 23.4% to $39.6m, primarily a result of rising debtor balances. Debtor balances increased with revenue growth. An inventory stock build undertaken due to global supply chain constraints also negatively impacted operating cash

13. Slide 13: Committed to Shareholder Returns

    COMMITTED TO SHAREHOLDER RETURNS For personal use only Earnings per Share1 vs Dividend Payout Ratio1 Dividend per Share (cents) 6.2 89% 66% EPS 58% DPS 3.2 53% 52% 2.7 2.6 2.4 3.2 1.8 2.1 1.5 1.7 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 The Board remains committed to Disciplined capital man

14. Slide 14: Segment Performance

    For personal use only SEGMENT PERFORMANCE

15. Slide 15: Lindsay Transport

    LINDSAY TRANSPORT For personal use only Transport underlying EBITDA ($’M) Rail revenue ($’M) vs container fleet size 90 450 Millions 66.2 80 400 70 77.5 350 60 300 50 250 48.9 40 200 51.1 30 150 48.9 31.4 47.3 20 100 45.3 10 50 3.0 9.1 - 0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Revenue #

16. Slide 16: Lindsay Rural

    LINDSAY RURAL For personal use only Rural external sales ($’M) Rural underlying EBITDA ($’M) 157 11.1 8.8 138 6.9 129 4.3 3.5 114 110 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Focus on high growth horticulture Supply chain disruptions continue to Speed of service remains a key Rural will con

17. Slide 17: Outlook

    OUTLOOK For personal use only Strong demand for Challenging operating FY23 investment in The Group will continue to Group services conditions expected road fleet to deliver assess M&A opportunities expected to continue to continue with staff an increase in that have a strategic fit and throughout FY

18. Slide 18: Contact Us

    For personal use only CONTACT US Kim Lindsay, CEO Ph: (07) 3240 4900 E: companysecretary@lindsayaustralia.com.au www.lindsayaustralia.com.au

19. Slide 19: Appendix

    For personal use only APPENDIX

20. Slide 20: Reconciliations

    RECONCILIATIONS For personal use only Underlying results Key finance metrics EPS (#039;000) 2022 2021 Underlying NPAT 18,690 9,676 Weighted Average SOI 300,794 299,604 EPS3 (CPS) 6.2 3.2 DPS 3.2 1.7 Payout Ratio 52% 53% Notes: 1 Net Leverage Ratio = Net Borrowings/Underlying EBITDA. 2 ROIC = Underlying

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