Scott Technology Limited · NZX:SCT
Scott Technology — H1 FY2024 Earnings Presentation
21 slides from Scott Technology's earnings presentation, April 2024
Slide 1: H1 F24 Half Year Results
H1 F24 HALF YEAR RESULTS SCOTT TECHNOLOGY LIMITED April 2024 1
Slide 2: H1 F24 Half Year Results
H1 F24 Half Year Results H1 F24 Performance 3 H1 F24 Strategy & Sector Performance 8 John Kippenberger Aaron Vanwalleghem Sustainability, People & Planet 19 Chief Executive Officer Interim Chief Executive Officer President Europe & North America Closing Comments 21 “With our emphasis on building a m
Slide 3: H1 F24 Performance
H1 F24 7, PERFORMANCE he SCOTT
Slide 4: H1 F24 Trading Update
H1 F24 Trading Update Strong performance across core business as demand for automation Forward work remains ahead of expectation, $161m comprising of remains a priority for customers globally, despite challenging 4 strong MHL, minerals and protein orders and service agreements. 1 headwinds in protei
Slide 5: H1 F24 Performance Snapshot
H1 F24 Performance Snapshot H1 F24 Revenue Group Margin Performance Operating EBITDA $141M 26% $17M H1 F23 $127M +11% H1 F23 26% H1 F23 $15M +14% H1 F22 $114M +11% H1 F22 29% H1 F22 $12M +20% Core Revenue Contribution Forward Work1 SALES SERVICES 85% H1 F23 77% + 8 BPS $135M H1 F23 $165M -18% $26M H
Slide 6: NPAT reflects investment in future growth
NPAT reflects investment in future growth Underlying EPS from 9.8 to 8.5 cents per share NetNet Profit After Profit Tax Tax After (NPAT) Footprint expansion results in Net Profit After Tax +2.0 (1.6) reduction of $3.3m 7.8 (0.7) • Operating EBITDA is $16.6m or 12% of revenue, up 14% on pcp. (0.9) +0
Slide 7: Proactive safety culture delivers excellence
Proactive safety culture delivers excellence Health, Safety & Wellbeing Performance Lost Time Injury Frequency Rate (12 Month Rolling) FY23 H1 F23 H1 F24 6.00 4.54 4.00 0 0 0 LTIFR 1.76 Fatality 2.00 0.00 5 3 LTI 0 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 G
Slide 8: H1 F24 Strategy & Sector Performance
H1 F24 STRATEGY & SECTOR PERFORMANCE
Slide 9: Scott 2027: Engineering Scott to high performance
Scott 2027: Engineering Scott to high performance OPERATIONAL EXCELLENCE ONE SCOTT AUTHENTIC CUSTOMER PARTNERSHIPS Delivering smart automation that transform Industries Our mission is to be the first choice for businesses around the world wanting smart automation and robotic solutions which ROBUST G
Slide 10: Strategy delivering sustained expansion across core business & geographies
Strategy delivering sustained expansion across core business & geographies Revenue by Core Business Scott’s strategy of more revenue from proven systems, 141 Group CAGR product and service delivers another period of growth +11% 127 • Our Strategy of supplying repeatable products into large addressab
Slide 11: Materials Handling: sustained growth from strategic markets Europe and US
Materials Handling: sustained growth from strategic markets Europe and US Revenue (NZ$m) 35% revenue growth following higher demand in automated palletisation solutions (F22 CAGR: 37%) 62.7 Scott’s MHL presence continues to grow strongly in Europe, with over 40 US projects in progress. 46.5 15.0 Pal
Slide 12: MHL: Authentic customer partnerships opens doors cross-continents
MHL: Authentic customer partnerships opens doors cross-continents Growth in the materials handling & logistics is underpinned by global expansion of palletisation and driving authentic customer partnerships. • Scott Europe excel in developing Materials Handling solutions for Food & Beverage Manufact
Slide 13: Minerals: New products drive revenue growth
Minerals: New products drive revenue growth Revenue (NZ$m) New ‘modular’ Rocklabs solution for mining and laboratory customers generates significant revenue growth of 53% 25.6 • Strong focus on execution for the contract with Mineral Resources Limited 3.1 Robofuel 18.2 ($12m) accounts for half of th
Slide 14: Minerals: Delivering Sustainability for Mining Customers
Minerals: Delivering Sustainability for Mining Customers Robofuel Energize solution for Caterpillar set to accelerate the electrification of the mining industry. • The AETS (Automated Energy Transfer Systems) project employs our world leading vision sensing and detection systems combined with our ro
Slide 15: New Facility Positions Rocklabs for Growth
New Facility Positions Rocklabs for Growth Double base footprint (Workshop & Stores 5,500m2 + Canopy and Offices) Fit for Growth: Space for multiple AMS Builds 250% storage expansion and capacity to Grow standard Manufacturing
Slide 16: Global protein cycle brings reduction in demand
Global protein cycle brings reduction in demand Revenue (NZ$m) Global pressure on red meat reduces customer demand (9%) and meat processors investments 34.4 31.3 31.3 • Protein revenue down 9% to $31.3m on challenging market conditions. 10.5 Other • BladeStop lower demand than pcp: 9.7 14.4 Protein
Slide 17: Protein: Productisation & Industry Innovation
Protein: Productisation & Industry Innovation Scott continues to shape the future of processing through innovation and market ready products. 2019 2020 2021 2022 2023 2024 2025 Loin Deboner Product in market, First commercial 2009: Scott develop world first AU/NZ development begins customer trials b
Slide 18: Protein: Productisation & Industry Innovation
Protein: Productisation & Industry Innovation
Slide 19: Sustainability, People & Planet
SUSTAINABILITY PEOPLE & PLANET 19
Slide 20: Empowering Sustainability Excellence Across Our Organization
Empowering Sustainability Excellence Across Our Organization Place ESG Focus 2024-2025 • The newly formed Sustainability Governance Committee ensures the effective implementation of our sustainability principles throughout the entire business. Providing a robust framework for sustainable practices.
Slide 21: Closing Comments
CLOSING COMMENTS he SCOTT