Fos Capital Ltd · ASX:FOS
Fos Capital — H1 2023 Earnings Presentation
9 slides from Fos Capital's earnings presentation, Feb 20, 2023
Slide 1: 1H 2023 Results Presentation
1H 2023 Results Presentation ASX:FOS
Slide 2: 1H 23 Highlights
1H 23 Highlights $ 8.6M $0.52M $0.39M $5.3M Sales +39% NPBT +67% NPAT +36% Order book -15% Hawko Lighting $-1M 59 Operating cashflow $58M Acquisition Employees Quote pipeline
Slide 3: 1H23 Operational Update
1H23 Operational Update • Since inception April 2019 FOS has delivered 6 consecutive half yearly profits. • Record 1H sales $8.6M +39% Record Q2 sales $5.5M +57% • 1H NPBT $521K +67% 1H NPAT $392K +36% • Cost of doing business as a % of Sales improved 33% from 44% to 33% with further improvements ex
Slide 4: Hawko Lighting Acquisition
Hawko Lighting Acquisition • Hawko Lighting Group • Established over 30 years, based on Sunshine Coast, Queensland • Manufactures an extensive range of LED linear lighting • Services the Australian market through distributors • 11 employees • FY22 Sales $3.3M • FY22 normalised EBIT $300K • Synergy b
Slide 5: FOS Group Inclusive of Hawko
FOS Group Inclusive of Hawko 3 +$20M 6 7 Manufacturing & Annualized Sales Sales offices Distributors Warehousing facilities 15 59 $5.3M $58M Product ranges Employees Order Book Quote pipeline
Slide 6: 1H23 Comparative analysis
1H23 Comparative analysis ACTIVE QUOTES Orders on Hand 6.1M 58.0M 6.2M 56.0M 50.0M 5.3M 42.0M 3.8M 25.1M 15.0M 1.5M 1.5M Sales Jun 2020 Dec 2020 Jun 2021 Dec 2021 Jun 2022 Dec 2022 JUN 2020 DEC 2020 JUN 2021 DEC 2021 JUN 2022 DEC 2022 $13.5M $7.4M $8.1M $5.5M $4.2M $2.8M $8.6M $6.1M $3.9M $2.7M FY20
Slide 7: FY22 Financials
FY22 Financials P&L ($m) 1H22 1H21 Balance Sheet ($m) Dec 22 Dec 21 Sales 8.6 6.2 Cash & Receivables 5.2 3.9 Gross Profit 3.3 2.8 Stock, P&E, Other 9.9 8.7 Other income 0.1 0.26 Total Assets 15.1 12.6 Expenses 2.9 2.8 Payables 2.9 1.6 Exp as % of Sales 33% 44% Other 3.1 3.5 PBT 0.52 0.31 Total Liabi
Slide 8: Outlook
Outlook • FOS continues to build the foundations of a profitable sustainable business • Acquisition of Hawko represents significant manufacturing synergies and increased manufacturing capacity. • ANZ operation with 59 staff well positioned for further growth • New revenues streams from expanded geog
Slide 9: FOS at a glance
FOS at a glance Capital Structure ASX:FOS Directors Shares on Issue 53.8m Non-Executive Chairman Sandy Beard Share price (20/02) 18c Managing Director Con Scrinis Market Cap $9.7m Executive Director Michael Koutsakis Non-Executive Director Michael Monsonego Cash (Dec 2022) $1m Employees 59 Net Asset