Ntaw Holdings Limited. · ASX:NTD
Ntaw — National Tyre & Wheel — Shareholder Meeting (October 2023)
19 slides from Ntaw's shareholder meeting presentation, Oct 12, 2023
Slide 1: 2023 Annual General Meeting and Presentations
National Tyre & Wheel Limited PH: (07) 3212 0950 | FAX: 07 3212 0951 385 MacArthur Avenue, Hamilton QLD 4007 PO Box 283, Hamilton QLD 4007 ABN 97 095 843 020 ASX Announcement 12 October 2023 2023 Annual General Meeting and Presentations National Tyre & Wheel Limited (ASX: NTD) (“NTD”, “NTAW” and “Co
Slide 2: Chairman's Address
Chairman’s Address 2023 Annual General Meeting of National Tyre & Wheel Limited (ACN 095 843 020) 12 October 2023 Good morning and welcome to National Tyre and Wheel Limited’s 2023 Annual General Meeting. The 2023 financial year has been one of contrasting halves, with your Company entering the 2023
Slide 3: Managing Director's Presentation
For personal use only 2023 ANNUAL GENERAL MEETING 1 MANAGING DIRECTOR’S PRESENTATION PETER LUDEMANN
Slide 4: Executive Summary
For personal use only 2023 ANNUAL GENERAL MEETING 2 EXECUTIVE SUMMARY MAINTAINING A DIVERSIFIED, SCALABLE GROWTH PLATFORM IN A CHALLENGING ENVIRONMENT – FY23 revenue was $582.3 million (FY22: $555.5 million), including full year impact of Carter’s & Black Rubber which were acquired in FY22 – Revenue
Slide 5: Dunlop: An Iconic Brand with a Rich Australian Heritage
For personal use only 2023 ANNUAL GENERAL MEETING 3 DUNLOP AN ICONIC BRAND WITH A RICH AUSTRALIAN HERITAGE – Dunlop Pneumatic Tyre Company of Australasia established one of the world’s first tyre factories in Melbourne in 1893 – Dunlop manufactured in Australia for 113 years – Pacific Dunlop became
Slide 6: FY23 Results: A Story of Two Halves
For personal use only 2023 ANNUAL GENERAL MEETING 4 FY23 RESULTS A STORY OF TWO HALVES Reconciliation of Reported EBITDA to Operating EBITDA $’000 $'000 FY23 FY22 Net profit after tax 2,895 9,569 Income tax expense 960 4,995 Net profit before tax 3,855 14,564 Finance costs (net) 8,379 5,010 Reported
Slide 7: FY23 Results: Commercial Retail Up, Specialty Wholesale Resilient
For personal use only 2023 ANNUAL GENERAL MEETING 5 FY23 RESULTS COMMERCIAL RETAIL UP, SPECIALTY WHOLESALE RESILIENT, LARGE AUSTRALIAN WHOLESALE DOWN – Commercial retail businesses (Black Rubber and Carter’s) performed well in FY23, retaining and winning new fleet customers – Dynamic Wheel Co, Integ
Slide 8: FY23 Business Initiatives: Structural Changes to Wholesale Business
For personal use only 2023 ANNUAL GENERAL MEETING 6 FY23 BUSINESS INITIATIVES STRUCTURAL CHANGES TO LARGE AUSTRALIAN WHOLESALE BUSINESS The Group’s Australian wholesale businesses already share logistics and they are increasingly aligned in how they go to market, with trends that will improve margin
Slide 9: Tyre Industry Briefing
For personal use only 2023 ANNUAL GENERAL MEETING 7 TYRE INDUSTRY BRIEFING Layers of rubber compound Layers of rubber compound strengthened by Belt strengthened by TYRES BY VEHICLE TYPE Estimated Australian market size = 24 million tyres p.a. Cords Sidewall Cords *Truck includes ~800,000 retreaded t
Slide 10: B2B Customer Segmentation
For personal use only 2023 ANNUAL GENERAL MEETING 8 B2B CUSTOMER SEGMENTATION STARTING POINT FOR DEFINING CUSTOMER EXPERIENCE 1 Tyre Specialty Store Other Re-seller End User Wholesale focus on tyre stores and resellers, Retail focus on end users 2 Regional Metro Dunlop increases metro business and s
Slide 11: Sources of Competitive Advantage
For personal use only 2023 ANNUAL GENERAL MEETING 9 SOURCES OF COMPETITIVE ADVANTAGE DELIVERING OUTSTANDING CUSTOMER EXPERIENCES NTAW COUNTRY REVENUE SEGMENTATION South Africa 2% “Tickets to the Game” – Effective procurement – product availability New Zealand 23% – Service levels – logistics, invent
Slide 12: Tyre Retreading: Driving Sustainability and Growth
For personal use only 2023 ANNUAL GENERAL MEETING 10 TYRE RETREADING DRIVING SUSTAINABILITY AND GROWTH – 68% less energy used in production of a retread tyre – 1,000 retreads saves enough energy to power 54 homes for a year – One retread reduces CO2 emissions by 115kgs – 1,000 retreads is equal to t
Slide 13: Industry Structure in December 2017 (NTAW's IPO)
For personal use only 2023 ANNUAL GENERAL MEETING 11 INDUSTRY STRUCTURE IN DECEMBER 2017 (NTAW’S IPO) ADAPTING STRATEGICALLY TO STRUCTURAL CHANGES The Beaurepaires retail chain, owned by Goodyear, reduced from over 300 stores to ~50. Goodyear has announced its intention to sell remaining Beaurepaire
Slide 14: NTAW Snapshot
For personal use only 2023 ANNUAL GENERAL MEETING 12 NTAW SNAPSHOT NTAW EMPLOYEES LARGEST INDEPENDENT TYRE WHOLESALER IN ANZ Business Support P&C 3% 1% IT Sales & Marketing 1% 15% Logistics / Retail sales – Largest independent (multi-brand) tyre and wheel importer in ANZ 7% Warehouse 25% Supply chai
Slide 15: Group Structure: Focus on Customer Experience
For personal use only 2023 ANNUAL GENERAL MEETING 13 GROUP STRUCTURE FOCUS ON CUSTOMER EXPERIENCE – Increasing focus on customer experience Commercial Tyres Consumer Tyres Wheels Customers Wholesale Wholesale Wholesale – Business units preserving goodwill (business brand awareness, reputation) Retai
Slide 16: Dunlop: An Iconic Brand with a Rich Australian Heritage
For personal use only 2023 ANNUAL GENERAL MEETING 14 DUNLOP AN ICONIC BRAND WITH A RICH AUSTRALIAN HERITAGE – Dunlop Pneumatic Tyre Company of Australasia established one of the world’s first tyre factories in Melbourne in 1893 – Dunlop manufactured in Australia for 113 years – Pacific Dunlop became
Slide 17: Australian Wholesale Tyre Brand Portfolio
For personal use only 2023 ANNUAL GENERAL MEETING 15 AUSTRALIAN WHOLESALE TYRE BRAND PORTFOLIO ADAPTING TO STRUCTURAL CHANGE IN AUSTRALIAN WHOLESALE AND DELIVERING DUNLOP CONSUMER CAR/LT CONSUMER 4WD TRUCK & BUS AG OTR – Dunlop fills a gap for NTAW in the premium Car/LT and TBR segments – Focus on c
Slide 18: Outlook
For personal use only 2023 ANNUAL GENERAL MEETING 16 OUTLOOK DELIVERING STRUCTURAL CHANGE TO AUSTRALIAN WHOLESALE & DELIVERING DUNLOP – Selling Dunlop introduces new customers to NTAW and a new, sought after product for existing NTAW customers – Increased NTAW access to metropolitan markets and pass
Slide 19: Important Information and Disclaimer
For personal use only 2023 ANNUAL GENERAL MEETING 17 IMPORTANT INFORMATION AND DISCLAIMER This presentation may contain certain unaudited financial information in relation to National Tyre & Wheel Limited (“Company” and “Group”). As such, it has not been subject to an audit or an audit process or ot
National Tyre & Wheel — Shareholder Meeting (October 2023) on 6ix