Ntaw Holdings Limited. · ASX:NTD
Ntaw — National Tyre & Wheel — H1 FY2023 Earnings Presentation
19 slides from Ntaw's earnings presentation, Feb 28, 2023
Slide 1: Financial Results Half-year ended 31 December 2022
PN National Tyre &Wheel Driving the Future Financial Results Half-year ended 31 December 2022
Slide 2: Agenda
Agenda PW National Tyre &Wheel Driving the Future Item Page 1H23 Highlights 3 Performance & Strategy 6 Financial Results 12 Outlook 17
Slide 3: 1H23 Highlights
1H23 Highlights AjUO SSN jeuosioc_ 104}
Slide 4: For personal use only
For personal use only • • • • • • • • • •
Slide 5: Financial Highlights and Reconciliation of NPAT to Operating EBITDA
For personal use only • • • Reconciliation of Reported NPAT to Operating EBITDA Financial Highlights 1H23 1H22 $'000 1H23 1H22 Gross profit margin 27.1% 28.6% Net profit after tax (1,772) 5,565 Operating costs as a % of revenue 22.4% 22.1% Depreciation and amortisation 12,045 7,968 Reported EBITDA (
Slide 6: Performance & Strategy
For personal use only Performance & Strategy
Slide 7: Commercial / Consumer Revenue Segmentation
For personal use only COMMERCIAL / CONSUMER REVENUE SEGMENTATION Consumer Retail 9% Commercial Retail 17% Commercial Wholesale 32% Consumer Wholesale 42% B2B - End User B2B - Reseller B2C - Retail Customer Mix Customer Mix Customer Mix COUNTRY REVENUE SEGMENTATION • Caravan, truck trailer and farm e
Slide 8: 1H23 Supplier Mix by Revenue
For personal use only • 1H23 SUPPLIER MIX BY REVENUE Cooper family (Ex. MT) • Mickey Thompson • Other suppliers • • Proprietary brands Other exclusive brands
Slide 9: For personal use only
For personal use only • • • o o o o o
Slide 10: NTAW Responses to Trading Conditions
NTAW Responses to Trading Conditions LX Focussing on customer service, reducing costs, maintaining readiness to execute growth strategies Tyre & Wheel Completed in 1H23 Substantial freight cost savings Brisbane scheduled to be completed in April 2023 and _ Service level improvement and lower rent (a
Slide 11: For personal use only
For personal use only • • • • • • • • • TRACTOR TYRES FORESTRY TYRES HARVESTER TYRES IMPLEMENT TYRES
Slide 12: Financial Results
For personal use onily Financial Results
Slide 13: Bridge from 1H22 to 1H23
Bridge from 1H22 to 1H23 LX National FY22 acquisitions perform in accordance with investment case, but gross profit impacts on other businesses Tyre &Wheel Driving the Future O iting NPATA Brid peraing "eae Black Rubber & Carter’s ™ Increase m Decrease m Total + FY22 acquired companies contributed $
Slide 14: Statement of Profit or Loss
For personal use only Statement of Profit or Loss Key Operating Metrics 1H23 1H22 $'000 1H23 1H22 Sales revenue 295,931 251,488 Gross profit margin 27.1% 28.6% Cost of goods sold (215,861) (178,646) Operating costs as a % of revenue 22.4% 22.1% Gross profit 80,070 72,842 EBITDA margin 4.6% 6.9% 27.1
Slide 15: Statement of Financial Position
For personal use only Statement of Financial Position $'000 Dec-22 June-22 Current assets Cash and cash equivalents 19,289 35,826 Receivables 84,406 98,425 Inventory 134,756 127,133 Other current assets 5,896 6,609 Current tax asset 1,087 1,216 245,434 269,209 • Non-current assets Property, plant an
Slide 16: For personal use only
For personal use only • • • • $ 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 Dec-17 Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Feb-19 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Dec-22 F
Slide 17: For personal use only
For personal use only
Slide 18: Outlook
Outlook LX Gross margins expected to improve in 4023 Tyre &Wheel Driving the Future + NTAW expects consumer demand to be lower than recent years in response to higher interest rates and prices. + Commercial demand is expected to remain strong based on continuing goods movements, mining activity and
Slide 19: Important Information and Disclaimer
Important Information and Disclaimer LX National Tyre & Wheel Driving the Future This presentation may contain certain unaudited financial information in relation to National Tyre & Wheel Limited. As such, it has not been subject to an audit or an audit process or otherwise independently verified. T
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