Slide 1: FY22 H1 Results Presentation
IVE Group Limited FY22 H1 Results Presentation ASX : IGL 24 February 2022
Slide 2: Contents
Contents Financial performance dashboard 3 Financials 4 Profit & Loss 5 Net debt 7 Capital expenditure 7 Cash flow and interim dividend 8 Business updates 9 Active Display Group (ADG) and AFI Branding Solutions acquisitions and integration 10 Supply chain 11 Lasoo 12 Track record of strategy executi
Slide 3: Financial performance dashboard
Financial performance dashboard Significant uplift in EPS over prior corresponding period (PCP) as a result of solid revenue growth, stable margins, and leverage of recalibrated cost base GROSS PROFIT REVENUE EBITDA NPAT MARGIN $382.6m $55.2m $20.9m 47.5% ↑ 12.2% on PCP ↑ 24.7% on PCP ↑ 99% on PCP 4
Slide 4: Financials
Financials 4 IVE Group Limited FY22 H1 Results Presentation
Slide 5: Profit & Loss
Profit & Loss Actual H1 Actual H1 Variance Variance FY2022 FY2021 $m % $m $m Revenue 382.6 340.8 41.7 12.2% Gross Profit 181.7 161.3 20.3 12.6% % of Revenue 47.5% 47.3% 0.3% EBITDA 55.2 44.3 10.9 24.7% % of Revenue 14.4% 13.0% 1.4% EBIT 33.8 20.1 13.7 68.5% NPAT 20.9 10.5 10.4 98.9% EPS (CPS) 14.6 7
Slide 6: Gross profit, NPAT and earnings per share (EPS)
Gross profit > Gross profit margin of 47.5% to PCP of 47.3% — strong revenue uplift over PCP — stable market conditions excluding current supply chain challenges — tight management of COGS NPAT and earnings per share (EPS) > NPAT of $20.9m to PCP of $10.5m > EPS of 14.6 cents per share to PCP of 7.2
Slide 7: Net debt and Capital expenditure
Net debt Capital expenditure Continued balance sheet strength as a result of strong cash generation Our operational asset base is in excellent condition which continues to maintains low gearing, further enhancing our flexibility and capacity result in lower capital expenditure than recent years of i
Slide 8: Cash flow and interim dividend
Cash flow and interim dividend Underlying IFRS H1 FY2022 H1 FY2022 $m $m EBITDA 55.2 52.1 Movement in NWC/non cash items in (12.1) (10.5) EBITDA Operating Cash Flow 43.1 41.6 Operating cash conversion to EBITDA 78% 80% – The underlying financial results are on a non IFRS basis and are not audited or
Slide 9: Business updates
Business updates 9 IVE Group Limited FY22 H1 Results Presentation
Slide 10: Active Display Group (ADG) and AFI Branding Solutions acquisitions and integration
Active Display Group (ADG) and AFI Branding Solutions acquisitions and integration > The integration of both the ADG & AFI businesses is progressing well and will be complete by the end of June 2022 > Post integration, we remain confident of achieving $45m annualised revenue, EBITDA of $6.5m and NPA
Slide 11: Supply chain
Supply chain Global supply chain disruption for both raw materials and finished goods requires ongoing close management. The Company has been, and remains, well placed to manage this prevailing dynamic expected to continue for the foreseeable future > We have been the beneficiary of clients moving r
Slide 12: Lasoo
> The Company has over the last 12 months committed to investing in the enhancement and amplification of Lasoo. We intend to continue our investment in Lasoo over the next 2 years to further enhance the consumer experience, and work closely with our retail clients to unlock opportunities to drive fu
Slide 13: Track record of strategy execution, capital management and future growth initiatives
Track record of strategy execution, capital management and future growth initiatives 13 IVE Group Limited FY22 H1 Results Presentation
Slide 14: Track record of strategy execution, capital management and future growth initiatives
Track record of strategy FY17-FY21 operating and free cashflow execution, capital $m 100 97.1 100 management and future 90 88.1 90 83.9 80 80 74.4 growth initiatives 70 60 65.4 62.5 65.8 70 60 50 50 A clearly defined and well executed strategy over the long term has 45.3 43.9 cemented IVE as the lar
Slide 15: Dividends and capital management; Growth opportunities
Dividends and capital management Growth opportunities > The Company’s dividend policy seeks to pay strong dividends at > Continue to organically grow the revenues and earnings of the sustainable levels, targeting a full year payout ratio of 65-75% of NPAT business on the back of the strength of our
Slide 16: Outlook and guidance
Outlook and guidance 16 IVE Group Limited FY22 H1 Results Presentation
Slide 17: Outlook and guidance
Outlook and guidance A solid H1 result and continued momentum across the business place us in a strong position to deliver a healthy full year result, well up on FY21 > As illustrated by the strength of our H1 earnings, heightened operating leverage across the business has contributed to a significa
Slide 18: Appendices
Appendices 18 IVE Group Limited FY22 H1 Results Presentation
Slide 19: Appendix A: IFRS Profit and Loss
Appendix A IFRS Profit and Loss Actual H1 Actual H1 Variance Variance FY2022 FY2021 $m % $m $m Revenue 382.6 340.8 41.7 12.2% Gross Profit 181.7 161.3 20.3 12.6% % of Revenue 47.5% 47.3% 0.3% EBITDA 52.1 56.6 (4.5) (8.0%) Depreciation and amortisation 21.4 24.2 (2.8) (11.6%) EBIT 30.6 32.4 (1.8) (5.
Slide 20: Appendix B: IVE Group Limited Balance Sheet
Appendix B IVE Group Limited Balance Sheet Actual Actual Dec 21 $m Jun 21 $m Current Assets Cash and cash equivalents 51.6 106.5 Trade receivables, prepayments and others 122.8 106.3 Inventories 53.7 43.8 Intangible assets and goodwill 1.6 1.8 Total Current Assets 229.7 258.3 Non Current Assets Defe
Slide 21: Appendix C: Disclaimer
Appendix C Disclaimer No recommendation, offer, Disclaimer disseminate any updates or revisions to this looking statements in this presentation invitation or advice information over time. Any forward-looking will actually occur. In addition, please note No representation or warranty, express stateme
Slide 22: IVE Group Limited
IVE Group Limited ABN 62 606 252 644 Level 3, 35 Clarence Street Sydney NSW 2000 Geoff Selig Executive Chairman Matt Aitken Chief Executive Officer Darren Dunkley Chief Financial Officer ivegroup.com.au Authorised by the IVE Board Contact: Richard Nelson Investor Relations richard.nelson@ivegroup.co