Pwr Holdings Ltd. · ASX:PWH
Pwr — H1 FY2016 Earnings Presentation
18 slides from Pwr's earnings presentation, Feb 26, 2016
Slide 1: PWR Holdings Limited 1H FY16 Results Presentation
For personal use only PWR HOLDINGS LIMITED 1H FY16 RESULTS PRESENTATION February 2016
Slide 2: Agenda
AGENDA For personal use only About PWR 3 1H FY16 Performance 8 Results Overview 9 Financial Performance 10 Cash Flow 14 Balance Sheet 15 PWR People 16 Strategic Initiatives 17 2
Slide 3: About PWR
For personal use only ABOUT PWR
Slide 4: A Leader in Automotive Cooling
A LEADER IN AUTOMOTIVE COOLING For personal use only • Established reputation in elite international motorsports for innovative and customised cooling solutions • Competitive advantage provided by fully integrated offering – design, engineer, manufacture and validation • Strong financial position –
Slide 5: PWR's Key Markets
PWR’S KEY MARKETS For personal use only • Key market segment, accounting for approximately FY16 Forecast Revenue 64% of forecast FY16 revenue Motorsports • Reputation established at the elite level (eg Formula 1, NASCAR and other major racing series) • Encompasses elite, semi-professional and amateu
Slide 6: Industry Tailwinds
INDUSTRY TAILWINDS For personal use only • Focus on reducing engine size while increasing power – achieved through Super, lighter, forced induction (turbo, super charging and hybrid technology) faster • Forced induction requires additional cooling Technology • Development of hybrid vehicles to suppl
Slide 7: The PWR DNA
THE PWR DNA For personal use only Our focus on PROFIT…. allows us to succeed. We show PASSION in everything we do. COMPETING and WINNING with leading edge solutions – PWR is the “Go To – Can Do” company. Our product VISION…. delivered through INNOVATION…. using our engineering, R&D, manufacturing an
Slide 8: 1H FY16 Performance
For personal use only 1H FY16 PERFORMANCE
Slide 9: Results Overview
1H FY16 RESULTS OVERVIEW For personal use only • Successful IPO November 2015 • Revenue, EBITDA and NPAT in line with expectations • Strong cash conversion • Strong financial position, no core debt • Fully franked interim dividend 0.62 cents per share • Operational highlights • Developed new Caterpi
Slide 10: Financial Performance (Pro Forma)
1H FY16 FINANCIAL PERFORMANCE (PRO FORMA) 1H 1H FY Key Points For personal use only A$'000 FY15 FY16 16F • Result consistent with indicative 30/70 split Revenue 12,720 18,472 46,994 between1H and 2H at NPAT level • Revenue, EBITDA and NPAT in line with Other income 72 85 60 expectations Raw material
Slide 11: Financial Performance
1H FY16 FINANCIAL PERFORMANCE For personal use only 1H FY16 includes contribution from C&R Racing acquired March 2015 11
Slide 12: Pro Forma Adjustments
1H FY16 PRO FORMA ADJUSTMENTS For personal use only A$'000 1H FY16 FY16F Pro forma net profit after tax 3,261 10,462 IPO costs (i) (2,666) (2,818) Interest expense (USD/GBP loans repaid) (235) (235) Income tax effect 870 916 Statutory net profit after tax 1,230 8,325 (i) Excludes $1.1 million before
Slide 13: Revenue Bridge
1H FY16 REVENUE BRIDGE For personal use only 13
Slide 14: Cash Flow
1H FY16 CASH FLOW For personal use only A$'000 1H FY15 1H FY16 Cash receipts from customers 12,596 19,057 • 1H FY16 major capital expenditure: Cash paid to suppliers and • $0.9m Robotic CNC machine (6,238) (13,249) employees • $0.2m CNC machine Cash generated from operating • $0.1m Fin machines 6,35
Slide 15: Balance Sheet
1H FY16 BALANCE SHEET For personal use only June December 2015 2015 A$000 • Inventory higher at December to ensure Assets PWR is “Resource Ready” for peak production and sales period. Cash and cash equivalents 1,006 3,173 • Foreign currency debt of $20.3m repaid in Trade and other receivables 4,315
Slide 16: PWR People
PWR PEOPLE For personal use only PWR Employees • June 2015 = 162 • December 2015 = 175 • Increasing headcount focusing on: • Engineering resources • Production capability • Strengthened HR processes and resources WH&S • Zero lost days • Significant focus on WH&S 16
Slide 17: Strategic Initiatives
STRATEGIC INITIATIVES For personal use only PWR Australia • Capital investment – “Resource Ready” • $1.2m invested in new machinery to facilitate growth • Enhanced tanking capabilities for F1 and broader customer base • Investment in new engineering and production personnel C&R Racing • Management r
Slide 18: Disclaimer
DISCLAIMER This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a For personal use only presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell