Sigma Healthcare Ltd · ASX:SIG
Sigma Healthcare — Shareholder Meeting (May 2021)
21 slides from Sigma Healthcare's shareholder meeting presentation, May 12, 2021
Slide 1: Positioned for sustainable growth
For personal use only Positioned for sustainable growth Annual General Meeting 12 May 2021
Slide 2: Ray Gunston, Chairman
For personal use only Ray Gunston Chairman Sigma Healthcare Limited – Annual General Meeting 2021 2
Slide 3: Board of Directors
Board of Directors For personal use only David Manuel Kathryn Spargo David Bayes Christine Bartlett Ray Gunston Michael Sammells Mark Hooper Sigma Healthcare Limited – Annual General Meeting 2021 3
Slide 4: Order of Business
Order of Business For personal use only Six items of business as outlined in our Notice of Meeting: o Chairman and CEO addresses o Financial Statements and Reports o The Remuneration Report and the Spill Resolution o Re-election of Directors o Remuneration Arrangements for CEO/Managing Director and
Slide 5: FY 2021 At a Glance
FY 2021 At a Glance For personal use only Project Pivot Supported our transformation $65m customers program has investment in through Enterprise delivered COVID-19 Resource $100+m in while Planning (ERP) Sigma has focused on program nearing undergoing annual internal efficiency transforming our busi
Slide 6: Ray Gunston, Chairman
For personal use only Ray Gunston Chairman 1. Strategic Direction 2. Leadership Transition 3. Infrastructure Investment Program 4. Capital Management 5. Sustainability Report Sigma Healthcare Limited – Annual General Meeting 2021 6
Slide 7: Execute a Clear and Consistent Strategy
Execute a Clear and Consistent Strategy We now enter a period of opportunity with clear air and the appetite to use our infrastructure, systems, For personal use only and financial position to deliver meaningful and balanced growth Optimise an Drive organic efficient and acquisitive operating cost g
Slide 8: CEO Transition
CEO Transition For personal use only o Mark has positioned Sigma to be a more sustainable business with the infrastructure and financial strength to accelerate growth o He will continue to lead the business through to October 2021 to facilitate an orderly and effective transition o Succession planni
Slide 9: DC Network Transformed
DC Network Transformed 6 # Distribution Centres State For personal use only 1 Eastern Creek NSW Major DC Investment to ensure our 2 Erskine Park NSW business meets customer needs with 3 Newcastle NSW accuracy and speed 4 Seven Hills NSW 11 5 Kemps Creek NSW 6 Darwin NT 2018 Berrinba – QLD 7 Berrinba
Slide 10: DC Network Transformed (continued)
DC Network Transformed (continued) For personal use only Kemps Creek NSW Truganina VIC Combined 100,000 square metres of Distribution Centre capacity across these five new DCs Berrinba QLD Pooraka SA Canning Vale WA Sigma Healthcare Limited – Annual General Meeting 2021 10
Slide 11: Technology Transformation well advanced
Technology Transformation well advanced For personal use only o Progressing our Technology Transformation and creating efficiency in how we do business across the group o Salesforce CRM was fully implemented in 2020 o SAP S/4HANA ERP implementation will conclude in Q4 CY21 ➢ On track & on budget des
Slide 12: Capital Management
Capital Management For personal use only Net Debt / Capex o Net Debt $50.3m at 31 January 2021 o Month end debt peaks around $140m in October 2021 o Free-cash flow will reduce debt o $250m Westpac facility maturing November 2023 o Ongoing maintenance capex expected to be around $5- 10m per annum Div
Slide 13: Sustainability focus – inaugural standalone report released
Sustainability focus – inaugural standalone report released For personal use only o Inaugural Sustainability Report is aligned to Global Reporting Initiative (GRI) and is available at: https://investorcentre.sigmahealthcare.com.au/ o Completed a materiality review to formalise our sustainability fra
Slide 14: Ray Gunston, Chairman
For personal use only Ray Gunston Chairman Sigma Healthcare Limited – Annual General Meeting 2021 14
Slide 15: Mark Hooper, CEO & Managing Director
For personal use only Mark Hooper CEO & Managing Director 1. Financial and operational performance 2. Covid-19 update 3. Regulatory environment 4. Year to date performance Sigma Healthcare Limited – Annual General Meeting 2021 15
Slide 16: Financial Performance
Financial Performance For personal use only Sigma has delivered a strong financial performance. Our investment and transformation program is nearing completion, and has established Sigma with a great platform to now accelerate our growth. Wholesale FY21 Sales (ex- Revenue up Chemist 4.8% to Warehous
Slide 17: Proactive COVID-19 Response and Support
Proactive COVID-19 Response and Support For personal use only Team Members Hospital Pharmacy and Aged Care o Cross-functional COVID-19 Working o Access to essential medicines during shortage Group quickly set up to monitor and advise periods o Identified potential risks and implemented o High level
Slide 18: Regulatory Environment
Regulatory Environment For personal use only o Operating in a highly regulated industry that helps underpin the Federal Government’s National Medicines Policy o New agreement reached with Federal Government that sets the remuneration framework out to 2024/25 o Provides some remuneration certainty fo
Slide 19: Year to Date Update
Year to Date Update For personal use only o Momentum from FY21 has carried in to the first three months Underlying EBITDA - CAGR* of FY22 >10% for the next two years as we remain on target to deliver o Wholesale sales continue to perform stronger than market and ~$100m by FY23 slightly ahead of our
Slide 20: Important Notice
Important Notice For personal use only This presentation for Sigma Healthcare Limited and its subsidiaries (Sigma Group) is designed to provide: • an overview of the financial and operational highlights for the Sigma Group for the full year period ending 31 January 2021; and • a high level overview
Slide 21: Thank you
For personal use only Thank you Contact: Gary Woodford Corporate Affairs Manager Gary.Woodford@sigmahealthcare.com.au +61 03 9215 9215