Laserbond Limited · ASX:LBL
Laserbond — Investor Presentation (March 2023)
25 slides from Laserbond's investor presentation, Mar 8, 2023
Slide 1: Investor Presentation March 2023
For personal use only ASX: LBL March 2023
Slide 2: Disclaimer
DISCLAIMER For personal use only No responsibility for contents of Investor Accuracy of projections and forecasts No offer to sell or invitation to buy Presentation This Investor Presentation may include certain This Investor Presentation does not, and should To the maximum extent permitted by law,
Slide 3: Performance Summary
For personal use only 1H22 Performance Financial Operational Strategy & Summary Performance Appendices Performance Prospects
Slide 4: 1H23 Performance Summary
1H23 PERFORMANCE SUMMARY For personal use only NPAT Net Cash Flow Dividend $M $M Cents LaserBond has again 0.8 delivered in 1H23, 2.1 0.6 0.6 2.1 0.5 with growth 1.6 1.6 1.6 1.4 1.2 0.8 *0.5 2.7 underpinned by a 1.5 2.0 -0.6 -0.3 -0.3 0.5 0.5 0.6 0.6 0.8 1.2 1.2 1.2 healthy improvement FY19 FY20 FY2
Slide 5: Financial Performance
For personal use only 1H22 Performance Financial Operational Strategy & Summary Performance Appendices Performance Prospects
Slide 6: Earnings to Dec
EARNINGS TO DEC 22 For personal use only Sales Revenue EBITDA NPBT $M $M $M These earning increases reflect 12.9 17.3 5.3 3.5 12.2 10.9 growing acceptance 3.5 3.3 2.2 2.2 1.7 2.8 and increased demand 10.5 11.3 11.8 13.4 18.7 3.1 3.4 4.6 2.7 2.7 1.6 1.6 1.7 1.9 2.1 from our existing FY19 FY20 FY21 FY
Slide 7: Cash and Working Capital
CASH AND WORKING CAPITAL For personal use only Cashflows from Operations Cash at Bank Working Capital 5 $M $M $M Consistently strong 4 1.7 cashflows from 3 2.3 3.0 operations continue to 2 3.7 4.0 8.4 12.3 14.0 5.7 8.8 underpin increasing 1 1.8 1.7 2.6 4.0 4.9 6.1 7.3 2.2 levels of working 0 0.6 FY1
Slide 8: Debt
DEBT For personal use only Financial Liabilities Net Debt HP & finance leases 4.5 5.8 Total net debt $M $M $M LaserBond’s balance Facility lease liabilities 3.2 Net debt ex facility lease liabilities 3.6 sheet is strong, with 4.8 7.1 1.0 4.5 0.7 low levels of net debt, 4.9 0.7 -0.9 which can support
Slide 9: Operational Performance
For personal use only 1H22 Performance Financial Operational Strategy & Summary Performance Appendices Performance Prospects
Slide 10: Services Division Overview
SERVICES DIVISION OVERVIEW For personal use only Services Revenue Offers reclamation of worn industrial components using LaserBond® cladding and thermal spraying as well as high capacity welding, $M Half-year performance machining and heat treatment to provide a complete service suite – 5.9 7.9 ch
Slide 11: Products Division Overview
PRODUCTS DIVISION OVERVIEW For personal use only Products Revenue Manufactures’ products incorporating LaserBond® cladding applications, such as steel mill rolls, rotary feeders and a range of OEM consumables $M An increase in revenue utilised across a breadth of industries. 7.5 is expected throug
Slide 12: Technology Division Overview
TECHNOLOGY DIVISION OVERVIEW For personal use only Technologies Revenue Enables customers to bring LaserBond® cladding technology in-house under $M long-tailed licensing agreements which cover equipment supply, technology After continuing usage and the supply of associated consumables. component s
Slide 13: R&D Investment
R&D INVESTMENT For personal use only R&D Investment LaserBond identifies opportunities for products and technologies in the natural LaserBond plans to 1H23 $215,791 course of business, as customers request expand its R&D team custom-designed solutions to wear life through 2H23 to problems. FY22 $5
Slide 14: Safety and the Environment
SAFETY AND THE ENVIRONMENT For personal use only Safety The Environment LaserBond continually Technology Operations maintains safety • In February 2023 LaserBond • LaserBond’s R&D program aims to • ISO 14001 certification promotes measures and takes gained JAS ANZ Certification to minimise the envir
Slide 15: Strategy & Prospects
For personal use only 1H22 Performance Financial Operational Strategy & Summary Performance Appendices Performance Prospects
Slide 16: Strategy for Growth
STRATEGY FOR GROWTH For personal use only Continued assessment of Expanding capacity and potential acquisition targets to capabilities at all facilities. expand footprint with discussions The revenue target of underway with a number of WA opportunities. Continuing development of sales and mark
Slide 17: Investment Rationale
INVESTMENT RATIONALE For personal use only Strong Demand in 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 1H22 Performance Financial Operational Strategy & Summary Performance Appendices Performance Prospects
Slide 19: Business Overview
BUSINESS OVERVIEW For personal use only Exposure to recurring industry Services Division wear problems leads to research R&D Repair and refurbishing for better solutions & product New surface engineering LaserBond provides worn or damaged opportunities materials and application machine parts technol
Slide 20: LaserBond Snapshot
LASERBOND SNAPSHOT For personal use only LBL SHARE PRICE INDEX MOVEMENT VS ASX200* (year ending 27/02/23) COMPANY INFORMATION Incorporation 30/09/1992 LBL 95 IPO 17/12/2007 Sydney, Melbourne, Adelaide, Offices/sites ASX200 Brisbane 70 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan No of staff 139 *
Slide 21: Five-Year Earnings
FIVE-YEAR EARNINGS For personal use only A$000 2018 2019 2020 2021 2022 1H23 Sales Revenue 15,648.1 22,667.2 22,177.3 24,664.5 30,711.1 18,651.7 Gross profit 6,962.1 10,742.7 11,522.8 12,588.0 16,701.2 9,661.2 Operating Expenses (4,731.6) (5,845.1) 5,335.3) (6,204.3) (8,024.8) (5,043.0) EDITDA 2,230
Slide 22: Five-Year Balance Sheet/Cash Flow
FIVE-YEAR BALANCE SHEET/CASH FLOW For personal use only A$000 2018 2019 2020 2021 2022 1H23 Cash & Equivalents 1,379.1 2,192.5 3,997.7 4,907.9 5,683.8 8,425.7 Current assets 9,229.1 10,135.7 11,843.7 14,929.1 21,047.3 23,247.9 Non-current assets 3,398.0 6,265.5 11,759.7 14,601.8 23,455.8 25,483.2 To
Slide 23: Micro-Clad Tailings De-watering Application
Case Study 1 MICRO-CLAD ® TAILINGS DE-WATERING APPLICATION For personal use only Problem Solution Customer Testimonial: ‘The plates have been in A customer of component parts in a tailings de- The solution needed to be a robust coating, watering application on a mine site needed to resistant to abra
Slide 24: Superior Wear Life with LaserBond Cladding
Case Study 2 SUPERIOR WEAR LIFE WITH LASERBOND CLADDING For personal use only Customer Testimonial: Problem Solution ‘We are so pleased with the results we have achieved since A customer in a foundry was experiencing an The customer was seeking a way to prolong working with LaserBond to extreme wear
Slide 25: Further Information
Further Information: For personal use only Matthew Twist Chief Financial Officer and Company Secretary (02) 4631 4500 matthewt@laserbond.com.au www.laserbond.com.au