Move Logistics Group Limited · NZX:MOV
Move Logistics — TIL Logistics Group — H1 2018 Earnings Presentation
18 slides from Move Logistics's earnings presentation, February 2018
Slide 1: TIL Logistics Group Limited HY18 Interim Results Presentation
1 TIL LOGISTICS GROUP LIMITED HY18 INTERIM RESULTS PRESENTATION FOR THE SIX MONTHS TO 31 DECEMBER 2017
Slide 2: About TIL Logistics Group
ABOUT TIL LOGISTICS GROUP • One of New Zealand’s largest domestic freight and logistics platforms • Nationwide network of branches, depots and warehouses with 60 locations and over 150,000m2 of warehousing space • Dedicated team of over 1,700 employees and contractors • Fleet of some 900 trucks, 1,1
Slide 3: Half Year Key Events
HALF YEAR KEY EVENTS A busy first half year concluding with the successful reverse listing transaction • Grew TIL Logistics’ warehousing and logistics offer with successful integration of new acquisitions • Negotiated a number of new customer contracts • Expanded the TIL Logistics operation and cont
Slide 4: Half Year Results Summary
Revenue $ 164.0 million EBITDA $(7.0) million EBITDA $14.3 million HALF YEAR excluding non-trading costs* NLAT $(15.7) million RESULTS SUMMARY NPAT $5.6 million excluding non-trading costs* OUTLOOK FOR 2H 2018: The first half year results are *Non-trading costs of $6.5m associated with the reverse l
Slide 5: HY18 Results Snapshot
HY18 RESULTS SNAPSHOT REPORTED LISTING PROFILE PFI $Millions HY18 HY17 FY2018F FY2018F Pro Forma Statutory Revenue 164.0 106.7 328.8 327.8 EBITDA (7.0) 6.9 - 9.5 Non-trading costs 21.3 - - 18.7 EBITDA excluding non-trading costs 14.3 6.9 28.2 28.2 NPAT/NLAT (15.7) 2.0 - (10.3) NPAT excluding non-tra
Slide 6: EBITDA Bridge
EBITDA BRIDGE • Positive performance from existing businesses • NZL Group and Move Logistics (Logistics segment) acquired in May and June 2017, respectively $6.9m • Other includes contribution from freight forwarding businesses, and corporate services. HY18 includes non-trading costs of $6.5m associ
Slide 7: Capital Management
CAPITAL MANAGEMENT TOTAL DEBT Focus on debt reduction: 90 $80.8m • Utilisation of working capital 80 $75.5m • Investigating release of assets 70 $63.8m through increase in owner-drivers 60 $Millions 50 The increase in reported Total Debt 40 from HY17 ($0.2m) to HY18 reflects the 30 acquisition of bu
Slide 8: Segment Revenue and Earnings
SEGMENT REVENUE AND EARNINGS 250 REVENUE HY18 REVENUE Freighting: Good performance from existing 200 businesses. $ Millions 150 100 Logistics: Primarily comprises NZL Group and 50 Move Logistics, acquired since the previous first half year, both of which are performing 0 HY17 HY18 well 15 ADJUSTED E
Slide 9: TIL Logistics Group HY18 Interim Results Presentation
TIL Logistics Group HY18 Interim Results Presentation 9
Slide 10: Freighting
FREIGHTING Revenue $111.9m Adjusted EBITDA $4.4m TIL Logistics is one of the largest freight transport companies in New Zealand and has a nationwide network with regional strength and speciality services • Grew the client base and welcomed a number of new clients • Continued to upgrade the TIL Logis
Slide 11: Logistics
LOGISTICS Revenue $48.4m Adjusted EBITDA $4.1m TIL Logistics’ expanded warehousing offering provides tangible opportunities for increased customer engagement and growth • Successfully integrated NZL Group and MOVE Logistics into the Group • Signed new customer contracts including freight handling ve
Slide 12: Asset Management
ASSET MANAGEMENT Adjusted EBITDA $5.2m Comprises the majority of the Group’s trucks and trailers. Revenue generated from leasing of assets to TIL Logistics Group businesses • Increased assets and earnings reflecting expanded TIL Logistics Group portfolio of businesses TIL Logistics Group HY18 Interi
Slide 13: Growth Drivers and Opportunities
INCREASE THE VOLUME OF FREIGHT TRANSPORTED BY TIL: • Selectively target new customers that align with TIL Logistics’ platform • Capture a greater proportion of existing customers’ supply chains IMPROVE UTILISATION LEVELS OF EXISTING AND NEW NETWORKS: • Increase volumes on existing platform with mini
Slide 14: Strong Board and Management Team
STRONG BOARD AND MANAGEMENT TEAM BOARD EXECUTIVE LEADERSHIP • Trevor Janes, Independent Chair • Alan Pearson, CEO as at 19 March 2018 Alan has over 35 years commercial experience in both • Greg Kern, Non-executive Director public and private companies, including ten years as Managing Director of Hal
Slide 15: Contact
CONTACT Greg Whitham TIL Logistics Group Limited Chief Financial Officer Tel: 06 755 9990 Email: greg.whitham @til.kiwi ap
Slide 16: Selected Financial Information
SELECTED FINANCIAL INFORMATION See page 56 to 61 of the TIL Listing Profile for Explanatory Notes TIL Logistics Group HY18 Interim Results Presentation 16
Slide 17: Glossary
GLOSSARY • Pro forma historical financial information has been sourced from audited and unaudited financial statements and management reports that are available on the TIL Logistics Website under Investor Centre/TIL Transaction. Details of consolidation and other pro forma adjustments can be found i
Slide 18: Disclaimer
DISCLAIMER This presentation has been prepared by TIL Logistics Group Limited (“TLL”). The information in this presentation is of a general nature only. It is not a complete description of TLL. This presentation is not a recommendation or offer of financial products for subscription, purchase or sal