Schaffer Corporation Limited · ASX:SFC
Schaffer — Shareholder Meeting (November 2020)
23 slides from Schaffer's shareholder meeting presentation, Nov 18, 2020
Slide 1: Schaffer Corporation Limited Annual General Meeting ASX Announcement
18 November 2020 ASX Market Announcements ASX Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, SCHAFFER CORPORATION LIMITED (ASX:SFC) ANNUAL GENERAL MEETING CORPORATE PRESENTATION Please find attached the Corporate Presentation for the Annual General Meeting of SFC. The Chairman h
Slide 2: The 2020 Annual General Meeting
The 2020 Annual General Meeting Creating long-term shareholder value through the efficient operation and growth of our core businesses and investments 1
Slide 3: Annual General Meeting 2020 Disclaimer
Annual General Meeting 2020 Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 for information purposes only. The presentation may contain forward looking statements or statements of opinion. No representation or warranty is made regarding the accuracy, co
Slide 4: Chairman's Address
Sa Schaffer Corporation Limited CHAIRMAN’S ADDRESS
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Full-Year Ending June-2020 June-2019 Revenue ($m) $155.6 $203.6 Annual General Meeting 2020 NPAT1 ($m) $23.6 $22.9 EPS (cents per share) 171.9 165.6 Ordinary dividends (fully franked) $0.80 $0.70 • Revenues of $155.6 million, down 24%, primarily from impact o
Slide 6: Total Shareholder Return
Annual General Meeting 2020 Total Shareholder Return • 5-year TSR to September 2020 an outstanding 35% p.a. • $100,000 invested in SFC in September 2010 would be worth $441,000* by September 2020, a 10-year Compound Annual Growth Rate of 16% p.a. • For shareholders who reinvested their dividends whe
Slide 7: SFC's Use of Cash and Net Debt Overview
SFC’s Use of Cash and Net Debt Overview Full-Year Ending ($m) June-2020 June-2019 Annual General Meeting 2020 Total Cash Generated1 22.9 34.9 Less: Cash Paid to SFC Shareholders & Minorities (20.0) (15.0) Dividends paid to SFC Shareholders (11.7) (8.3) Dividends paid to Minorities (5.5) (6.2) Share
Slide 8: Automotive Leather
Annual General Meeting 2020 7 Automotive Leather
Slide 9: Automotive Leather
Automotive Leather Full-Year Ending ($m’s) June-2020 June-2019 Annual General Meeting 2020 Revenue 130.1 176.3 Segment NPAT* 17.6 23.4 * NPAT excludes 16.83% minority interests. Revenue decreased 26% – significantly impacted by Covid-19, particularly in Q4 of FY20. European vehicle production ce
Slide 10: Group Investments
Group Investments Maximising shareholder value over the medium and long-term Annual General Meeting 2020 • Continue to grow our investment portfolio • Access to unique investment opportunities for shareholders • Investing in businesses and people with proven track records • Remain flexible and oppor
Slide 11: Pre-Tax Net Equity Value Per Share Increased
Group Investments Pre-Tax Net Equity Value Per Share1 increased to $11.94/share Annual General Meeting 2020 Net Equity Net Equity Net Book Market Value Pre- Value Pre- Equity Cost 2 Value Value Tax 1 Tax 1 Per Value 3 ($m) ($m) ($m) ($m) share ($m) Total Property $55.2 $54.0 $131.9 $104.8 $7.69 $79.
Slide 12: Group Investments - Property Case Study – Pier 5350
Annual General Meeting 2020 Group Investments - Property Case Study – Pier 5350 • Experienced multi-family/apartment fund manager with excellent track record – 10 previous similar projects with returns ranging from 35%-67% • Location – Jacksonville, Florida - 400 unit apartment community • Short com
Slide 13: Jandakot Property
Annual General Meeting 2020 Jandakot Property A strategic property asset located between two freeways and 15 mins south of the Perth CBD. • 38.8ha – Allowable uses are Warehouses, Showrooms, Storage, Masonry Production and Nurseries (approximately 33ha excluding buffers, internal roads and drainage)
Slide 14: Beachside, North Coogee
Annual General Meeting 2020 Beachside, North Coogee (Artist’s impression) Stage 1 A 2.1 hectare property that has been zoned high-density residential from industrial. • State and Federal Government stimulus has accelerated interest in the site. • Residential subdivision plans have been approved base
Slide 15: Delta
Delta Full-Year Ending ($m’s) June-2020 June-2019 Annual General Meeting 2020 Revenue 17.8 19.5 Segment Underlying NPAT* (0.6) 0.0 * June-2020 Underlying NPAT excludes ($1.0m) impairment of Delta assets after tax. • Project complexity and schedule delays impacted profit performance. • Management rem
Slide 16: Group Outlook – H1 FY21
Group Outlook – H1 FY21 Automotive Leather Annual General Meeting 2020 First 6 months of FY21 looks encouraging with volumes continuing to show a strong recovery, supported by the launch of new vehicle programs in Europe and China. SFC now expects FY21 first-half results to be similar to first
Slide 17: Dividends – H1 FY21
Annual General Meeting 2020 Dividends – H1 FY21 SFC’s operating cash flow for H1 FY21 is robust. Strong balance sheet and financial position. Subject to interim results and subsequent Board approval we expect to propose an interim dividend of 45 cents per share, fully franked 16
Slide 18: Chairman's Address - Conclusion
The 2020 Annual General Meeting CHAIRMAN’S ADDRESS - CONCLUSION Creating long-term shareholder value through the efficient operation and growth of our core businesses and investments 17
Slide 19: Questions
The 2020 Annual General Meeting QUESTIONS Creating long-term shareholder value through the efficient operation and growth of our core businesses and investments 18
Slide 20: Item – Annual Report
Annual General Meeting 2020 Item 1 – Annual Report To receive and consider the annual financial statements and reports of the directors and the auditors for the period ended 30 June 2020 This item does not require voting by shareholders 19
Slide 21: Item – Re-election of Director
Item 2 – Re-election of Director Resolution 1: To consider, and if thought fit, to pass the following resolution as an ordinary resolution: Annual General Meeting 2020 “That Mr Michael Perrott AM who retires in accordance with the Company’s constitution and, being eligible for re-election, be re-ele
Slide 22: Item – Remuneration Report
Item 3 – Remuneration Report Resolution 2: To consider, and if thought fit, to pass the following Annual General Meeting 2020 resolution as a non-binding ordinary resolution: “That the Remuneration Report for the period ended 30 June 2020 be adopted” Proxies received and accepted for Resolution 2 Ad
Slide 23: Conclusion of the Meeting
The 2020 Annual General Meeting CONCLUSION OF THE MEETING Creating long-term shareholder value through the efficient operation and growth of our core businesses and investments 22