Slide 1: FY24 Results Presentation
FY24 Results Presentation ASX: FOS
Slide 2: FOS Overview
FOS Overview • FOS Capital (FOS) is a founder led business (management 35+ years experience) that listed in June 2021. • FOS manufactures & distributes commercial & architectural LED lighting to the project specification market (TAM $500M+) • FOS generated Revenue, EBITDA CAGR of 35% & 29% respectiv
Slide 3: FY24 Financial Highlights
FY24 Financial Highlights FY24 Sales: $24.5M +43% 9% Organic growth (6% Export) 2H24 Sales: $14.6M +72% 24% Organic growth FY24 EBITDA*: $2.1M +116% Record result EBITDA Margin: 8.6% +60bp Medium-term target 10% NPAT*: $1.1M +88% Operating Cashflow: $1M EPS*: 2c FF Dividends: 1c per share Key Operat
Slide 4: FY24 Operational Update
FY24 Operational Update • Break out year achieving $24.5m in sales & reaching first level of critical mass • Since inception April 2019 FOS has delivered 10 consecutive half yearly profits • KLIK Systems acquisition transformational to FOS operations • Significant synergies continue to be extracted
Slide 5: Comparative Analysis
Comparative Analysis • Market remains strong, driven by Government infrastructure spending • 2H Organic sales +24% Driven by increased sales & distribution network • Continued product innovation & development key driver of growth Sales ($M) 24.5 17.1 13.5 14.6 8.1 8.5 7.4 5.5 9.9 4.2 8.6 2.8 6.1 2.7
Slide 6: Comparative Analysis
Comparative Analysis • Operating Leverage evidence as EBITDA continues to improve as scale increases • Further synergies expected as acquisitions consolidate Millions ($) EBITDA 8.2% 2.5 9% 8% 2 7% 5.4% 6% 1.5 4.2% 5% 4% 1 3% 2% 0.5 1% 0 0% FY22 FY23 FY24 EBITDA Bluestar Head office (QLD) HAWKO Ligh
Slide 7: Sales Geographic & Sector Exposures
Sales Geographic & Sector Exposures • Diverse income spread across Australia – Chart 1 • Export income now at 6% • Income spread across various sectors – Chart 2 Geographic Sector EXPORT Art & Culture 6% 2% Healthcare NZ QLD 20% 15% 26% Rail & Transport 30% Retail & WA Hospitalty 10% 10% SA 4% VIC O
Slide 8: Comparative Analysis
Comparative Analysis Millions ($) Orders on Hand 12 11.1 9.7 10 8 6.1 6.2 6 5.3 3.8 4 3.3 2 1.5 1.5 0 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Millions ($) Active Quotes 140 120 120 100 100 80 80 56 58 60 50 42 40 25 15 20 0 Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-
Slide 9: Our Projects
Our Projects George Brown Darwin Botanic Gardens (NT) Ljusedesign (Arty Par, Arty Profile Zoom)
Slide 10: FY24 Financials
FY24 Financials P&L ($M) FY24 FY23 Sales 24.5 17.1 Gross Profit 9.1 6.6 Other income 0.2 0.2 Expenses (excl restructure) 7.9 6.1 PBT (excl restructure) 1.4 0.74 NPAT (excl restructure) 1.1 0.58 Operating cashflow 1.0 -0.1 FF Dividends per share 1c 0 Balance Sheet ($M) June 24 June 23 June 22 Cash &
Slide 11: FOS Outlook
FOS Outlook • Commercial construction industry continues to be robust • FOS involved in multiple infrastructure projects including rail, schools & hospitals • KLIK acquisition expected to deliver further manufacturing synergies • New revenue streams from expanded geographical presence with addition
Slide 12: FOS at a Glance
FOS at a Glance Sydney Manufacturing Facility Capital Structure ASX:FOS Directors Shares on Issue 53.8m Chairman Non-Exec Sandy Beard Share price (22/08) 23c Managing Director Con Scrinis Market Cap $9.4m Executive Director Michael Koutsakis FF Dividends 1c/share Non-Exec Director Michael Cash (June
Slide 13: FOS Interactive Investor Hub
FOS Interactive Investor Hub https://investorhub.foscapital.com.au/welcome