Laserbond Limited · ASX:LBL
Laserbond — Investor Presentation (March 2024)
26 slides from Laserbond's investor presentation, Mar 8, 2024
Slide 1: Investor Presentation
For personal use only Investor Presentation Wayne Hooper, CEO Matthew Twist, CFO March 2024 ASX: LBL
Slide 2: Agenda
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 3: Business Overview
BUSINESS OVERVIEW Exposure to recurring industry Services Division wear problems leads to R&D For personal use only Repair and refurbishing research for better solutions & New surface engineering product opportunities LaserBond provides worn or damaged machine materials and application parts advance
Slide 4: Safety and Sustainability
SAFETY AND SUSTAINABILITY For personal use only LaserBond continually Safety Sustainability Certifications maintains safety • Risks exist from exposure to heavy • LaserBond’s core business • LaserBond has JAS-ANZ measures and takes machinery and moving mitigates the impact of our Certification for i
Slide 5: Strategy
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 6: Strategic Pillars
STRATEGIC PILLARS For personal use only Capacity & Geographic Capability Expansion Invest in people and Push existing and new equipment to improve products into new margins and build markets productivity $60M Revenue in FY25 Technology Product Licensing Development Innovate, build R&D capability and
Slide 7: Geographic Expansion (Domestic)
GEOGRAPHIC EXPANSION (DOMESTIC) The purchase of 40% equity in the Gateway Group was settled on 5th March. The purchase was in cash and scrip, A core tenet of our growth escrowed for 12 months. Gateway’s normalised NPBT was $2.9 million, and the purchase will be strongly EPS For personal use only s
Slide 8: Geographic Expansion (International)
GEOGRAPHIC EXPANSION (INTERNATIONAL) LaserBond has appointed Harvey & Co, a leading buy-side acquisition search and Net Debt A move into North advisory firm in North America, to support LaserBond’s intent to acquire a suitable For personal use only 5.8 America is the next business and expand in th
Slide 9: Research & Development
RESEARCH & DEVELOPMENT With demand increasing for our products and LaserBond pioneered R&D Investment services, together with a greater appreciation in the advancement of markets of the benefits laser cladding and other For personal use only surface engineering in surface engineering techniques de
Slide 10: Business Development
BUSINESS DEVELOPMENT Wear in all its forms of machine components has a large economic impact. The cost of abrasive wear alone has been estimated as 1 to 4% of the gross national product of industrialised countries[1]. Applications for advanced For personal use only surface engineering to reduce th
Slide 11: Capacity & Capability
CAPACITY & CAPABILITY Our existing facilities in NSW, Qld, SA and Vic have capacity across a second shift to deliver the planned growth from commercialising solutions throughout a broader range of industry sectors. Investment continues For personal use only Whilst local recruitment is ongoing, w
Slide 12: Technology Division
TECHNOLOGY DIVISION Globally, there is an increasing awareness of laser cladding, including interest in and knowledge of the benefits LaserBond has gained. Our licensing to date has generally delivered bespoke solutions for particular applications but has been considered the best For personal use
Slide 13: Segment Performance
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 14: Products Division Overview
PRODUCTS DIVISION OVERVIEW Manufactures’ products incorporating LaserBond® cladding applications, such as steel mill rolls, rotary feeders and a range of OEM consumables Products Revenue For personal use only utilised across a breadth of industries. $M The Products division A critical customer a
Slide 15: Services Division Overview
SERVICES DIVISION OVERVIEW Offers reclamation of worn industrial components using Services Revenue LaserBond® cladding and thermal spraying as well as high-capacity For personal use only welding, machining and heat treatment to provide a complete service $M The Services division suite – typically
Slide 16: Investment Rationale
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 17: Investment Rationale
INVESTMENT RATIONALE Strong Demand in For personal use only Solid Business Culture of LaserBond’s business 1. 2. 3. Local and Offshore Foundations Innovation Markets model is founded on innovating to meet Year on year growth on all Business model founded on Accessing sizeable global specific c
Slide 18: Appendices
For personal use only Segment Investment Business Overview Strategy Appendices Performance Rationale
Slide 19: LaserBond Snapshot
LASERBOND SNAPSHOT LBL SHARE PRICE INDEX MOVEMENT VS ASX200 * 01 Mar 2023 = 100 COMPANY INFORMATION For personal use only LBL Incorporation 30/09/1992 105 IPO 17/12/2007 Sydney, Melbourne, Adelaide, Offices/sites Brisbane, Perth 80 ASX200 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb No of staff 1
Slide 20: 1H24 Performance Summary
1H24 PERFORMANCE SUMMARY 2H 1H Sales Revenue EBITDA NPBT Earnings Per Share Cash at Bank For personal use only $M $M $M Cents $M 20.0 5.6 3.6 2.5 17.3 5.3 3.5 2.0 12.9 3.3 1.7 1.7 10.2 10.9 3.5 2.2 1.7 8.9 18.7 20.3 4.6 5.7 13.4 4.2 2.7 1.8 4.9 11.3 11.8 2.7 3.1 3.4 1.6 1.7 1.9 2.2 1.2 1.2 1.6 1.5 4
Slide 21: Five Half Year Earnings
FIVE HALF YEAR EARNINGS A$000 1H19 1H20 1H21 1H22 1H23 1H24 For personal use only Sales Revenue 10,490 11,255 11,798 13,378 18,652 20,283 Gross profit 4,955 5,586 5,989 7,263 9,656 10,579 Operating Expenses (2,886) (2,839) (2,893) (3,895) (5,038) (6,602) EDITDA 2,069 2,747 3,096 3,368 4,618 4,198 D&
Slide 22: Five-Year Balance Sheet/Cash Flow
FIVE-YEAR BALANCE SHEET/CASH FLOW A$000 2019 2020 2021 2022 2023 1H24 For personal use only Cash & Equivalents 2,192.5 3,997.7 4,907.9 5,683.8 8,929.2 10,207 Current assets 10,135.7 11,843.7 14,929.1 21,047.3 25,715.3 26,606 Non-current assets 6,265.5 11,759.7 14,601.8 23,455.8 26,117.2 28,066 Total
Slide 23: Concrete Slipform Auger Productivity Improved
Case Study 1 CONCRETE SLIPFORM AUGER PRODUCTIVITY IMPROVED Problem Solution For personal use only Customer Testimonial: ‘LaserBond® cladding Concrete slip-forming machines allow continuous A high wear-resistant material was applied, based in-suit pouring of concrete, such as on kerbing and on the we
Slide 24: Sustainable Solutions
Case Study 2 SUSTAINABLE SOLUTIONS Results demonstrate that Problem Solution For personal use only LaserBond® cladding prolongs wear-life significantly, When rail components no longer comply with LaserBond’s surface engineering capabilities can providing key benefits such as: strict dimensional and
Slide 25: Disclaimer
DISCLAIMER No responsibility for contents of Investor Accuracy of projections and forecasts No offer to sell or invitation to buy For personal use only Presentation This Investor Presentation may include certain This Investor Presentation does not, and should To the maximum extent permitted by law,
Slide 26: Further Information
Further Information: Matthew Twist For personal use only Chief Financial Officer and Company Secretary matthewt@laserbond.com.au Wayne Hooper - CEO wayneh@laserbond.com.au www.laserbond.com.au (02) 4631 4500