Scott Technology Limited · NZX:SCT
Scott Technology — Shareholder Meeting (November 2024)
29 slides from Scott Technology's shareholder meeting presentation, Nov 20, 2024
Slide 1: Annual Shareholder Meeting
SCOTT TECHNOLOGY LIMITED ANNUAL SHAREHOLDER MEETING 20 November 2024
Slide 2: FY24 Results Agenda
ANNUAL SHAREHOLDER MEETING FY24 RESULTS Stuart McLauchlan Mike Christman Aaron Vanwalleghem Casey Jenkins Anthony Wesney Mark O’Malley Chairman Chief Executive Officer President of Europe Group GM – People, Co-Chief Financial Officer Co-Chief Financial Officer & North America ESG, Marketing & Presid
Slide 3: Chairman Presentation
CHAIRMAN PRESENTATION Stuart McLauchlan Chairman and Independent Director Scott Technology Limited FY24 Results | 3
Slide 4: Full Year Business Highlights
SUMMARY Full Year Business Highlights Major strides in sustainability with the Revenue of $276m, +3% on a record FY23, and development of a carbon management plan and resilient operating EBITDA in a challenging Scope 1 and Scope 2 emissions reduction targets, market highlights the strength of the st
Slide 5: CEO Welcome
CEO WELCOME Mike Christman Commenced 29 October 2024 Scott Technology Limited FY24 Results | 5
Slide 6: Strategy & Performance
STRATEGY & PERFORMANCE Aaron Vanwalleghem President of Europe & North America (Interim CEO August-October 2024) Scott Technology Limited FY24 Results | 6
Slide 7: FY24 Performance Snapshot
SUMMARY FY24 Performance Snapshot FY24 Revenue Group Margin Performance Operating EBITDA $276M 27% $30M FY23 $268M + 3% FY23 27% FY23 $30M + 0% FY22 $222M +21% FY22 24% FY22 $24M +27% Core Revenue Contribution Forward Work* SALES SERVICES FY23 85% 79% + 6 BPS FY23 $136M $179M - 24% $24M FY23 $16M +5
Slide 8: Scott 2025 extended to 2027 with confidence
STRATEGY UPDATE Scott 2025 extended to 2027 with confidence ENGINEERING SCOTT TO HIGH PERFORMANCE OPERATIONAL EXCELLENCE ONE SCOTT AUTHENTIC CUSTOMER PARTNERSHIPS Delivering smart automation that transform Industries Our mission is to be the first choice for businesses around the world wanting smart
Slide 9: Zero Lost Time Injuries: A Milestone In Safety
HEALTH & SAFETY Zero Lost Time Injuries: A Milestone In Safety FY23 FY24 Strong engagement delivers record improvements proving mature safety culture 0 0 Fatality • Strong engagement delivers record improvements proving mature safety culture. • 100% reduction in lost-time injuries (LTIs) in FY24. 5
Slide 10: Innovation & developments impress as customer engagement accelerates
CUSTOMER ENGAGEMENT Innovation & developments impress as customer engagement accelerates v Caterpillar Energize AETS Poultry Trusser in operation at LPP Beef Development Customer Site Trial First T300s installed at customer's site Nexbot Modular AGV Development in US Scott Technology Limited FY24 Re
Slide 11: FY24 Performance
FY24 PERFORMANCE Scott Technology Limited FY24 Results | 11
Slide 12: Robust revenue and stable operating earnings in a challenging market
FY24 RESULTS SUMMARY Robust revenue and stable operating earnings in a challenging market Results Snapshot (NZ$m) FY24 FY23 FY22 Revenue 276.1 267.5 221.8 Operating EBITDA 30.2 30.4 23.9 Non-trading adjustments* (3.8) (0.7) - OPERATIONAL EBITDA EXCELLENCE 26.4 29.7 23.9 ONE SCOTT AUTHENTIC CUSTOMER
Slide 13: Strategy delivering sustained expansion and resilience across core business
PERFORMANCE Strategy delivering sustained expansion and resilience across core business Revenue by Core Business Scott’s strategy of more revenue from proven systems, product and service 268 276 Group CAGR delivers another period of growth +12% • Strategy supplying repeatable solutions into large ad
Slide 14: Core Business Highlights
CORE BUSINESS HIGHLIGHTS Scott Technology Limited FY24 Results | 14
Slide 15: Continued growth in strategic markets Europe and North America
MATERIALS HANDLING Continued growth in strategic markets Europe and North America Revenue (NZ$m) 35% revenue growth following higher demand in automated 127.3 palletisation solutions 17.1 • Scott’s MHL presence continues to grow strongly across Europe and North America, 94.3 with over 40 projects in
Slide 16: New products drive revenue growth
MINERALS New products drive revenue growth Revenue (NZ$m) Rocklabs AMS and Energise drive growth of +19% • Strong focus on execution for Rocklabs Automated Modular Solution (AMS) for Minerals 48.8 Resources Ltd (MRL) and the automated energy transfer systems (AETS) for Caterpillar, 41.2 5.2 known as
Slide 17: Global macroeconomics brings reduction in demand
PROTEIN Global macroeconomics brings reduction in demand Revenue (NZ$m) Global pressure on red meat reduces customer demand and meat processors investments 76.0 • Protein revenue down 21% to $59.9m in a challenging market period. North America 59.9 faced reduced cattle supplies from environmental co
Slide 18: Focus on service strategy provides sustainable revenue growth
SERVICE & AFTERMARKET Focus on service strategy provides sustainable revenue growth Service* and Sales Over Time ($NZm) Focus on service strategy, customer value proposition and the 300 CAGR %30.0% growing installed base provides sustainable revenue growth profile 276 FY22 - 268 Fundamentals of Serv
Slide 19: Sustainability
SUSTAINABILITY Casey Jenkins Group GM – People, ESG, Marketing & President Scott Mining Scott Technology Limited FY24 Results | 19
Slide 20: CRD & Sustainability Report
PEOPLE & SUSTAINABILITY CRD & SUSTAINABILITY REPORT Today we are pleased to present Scott’s first sustainability report, complete with Climate-related disclosures. Strengthening our sustainability commitment. • This report reflects our evolution as a company, and our sustainability commitment includ
Slide 21: Evolving People, Purpose & Place Strategy
PEOPLE & SUSTAINABILITY Evolving People, Purpose & Place Strategy 2024 Double Materiality Matrix Social External materiality assessment completed to align sustainability Place efforts with stakeholder priorities, building on the 2021 internal Purpose assessment. • Conducted an external materiality a
Slide 22: Evolving our Sustainability Framework
PEOPLE & SUSTAINABILITY Evolving our Sustainability Framework 2024 Sustainability Framework PEOPLE PURPOSE PLACE Building an engaged, diverse, Growing profitable business Committed to promoting sustainable and talented workforce. focused on long-term growth. practices for a better environment. Emplo
Slide 23: Culture of engagement and collaboration drive excellence
PEOPLE & SUSTAINABILITY Culture of engagement and collaboration drive excellence Climate-related disclosures released for FY24, Average tenure rate is 5.8 years, reflecting including Scope 1 and Scope 2 emissions strong workforce longevity, with turnover of reduction targets set and publication alon
Slide 24: Final Comments
FINAL COMMENTS Mike Christman Chief Executive Officer Scott Technology Limited FY24 Results | 24
Slide 25: Significant progress and investment made across Scott
SUMMARY Significant progress and investment made across Scott Scott 2027 strategy leverages proven expertise to target large, addressable markets Embedded commercial partnerships with top-tier blue-chip customers Highly engaged global team with strong support from a well-invested operating footprint
Slide 26: Voting & Resolutions
VOTING & RESOLUTIONS Scott Technology Limited FY24 Results | 26
Slide 27: Voting & Asking Questions
FORMALITIES Voting & Asking Questions Voting Card Question Box Scott Technology Limited FY24 Results | 27
Slide 28: Resolutions
FORMALITIES Resolutions Resolution 1: Resolution 2: Resolution 3: Re-Election of Director Re-Election of Director Auditor – Brent Eastwood – John Thorman That Brent Eastwood, who That John Thorman, who To record the retires as a Director and, retires as a Director and, reappointment of Deloitte bein
Slide 29: Questions
QUESTIONS Scott Technology Limited FY24 Results | 29
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