Cti Logistics Limited · ASX:CLX
Cti Logistics — H1 FY2020 Earnings Presentation
19 slides from Cti Logistics's earnings presentation, March 2020
Slide 1: Half-year December 2019 Financial Results
ASX: CLX Transport - Regional Freight Freight Hub - Forrestfield WA Fit for purpose facility Half-year December 2019 Financial Results March 2020 This announcement has been authorised for release to the ASX by the CTI Logistics Limited Board of Directors
Slide 2: Logistics - Warehousing Distribution Centre - Hazelmere WA
Logistics - Warehousing Distribution Centre - Hazelmere WA Multi-purpose facility with expansion options
Slide 3: Content
Content 1 December 2019 Headlines 2 Targeted Investment 3 December 2019 Financial Performance 4 December 2019 Financial Review 5 FY20 Focus 6 What we do CTI Financial Results 31 December 2019 3
Slide 4: Transport - Regional Freight: Investment in transport equipment
Transport - Regional Freight Investment in transport equipment (Prime movers and trailers)
Slide 5: December 2019 Headlines
1 December 2019 Headlines Investing in quality sites and industry leading systems CTI Logistics: Operations have been impacted by the state of the economy, particularly in Western Australia, natural disasters on the East coast and site relocations. The Company continues to generate strong cash flow,
Slide 6: Targeted Investment
2 Targeted Investment Measured and Profitable Growth ▪ Focused on growth in targeted areas to protect and grow margins Governance Systems ▪ Leverage the GMK and Interstate Freight1 footprint to lay the foundation Transport for an integrated national transport and warehousing operation Melbourne Sydn
Slide 7: December 2019 Financial Performance
3 December 2019 Financial Performance Headline Results for the half year to 31 December 2019 Leasing standard AASB 16 adopted Revenue NPBT EPS $109.8m $1.2m 1.50cps FY19: $1.5m (1) FY19: 1.77cps (1) FY18: $111.8m Down 2% Down 63% Down 59% FY18: $4.1m (2) FY18: 4.36cps (2) EBITDA NPAT DPS $14.2m $1.1
Slide 8: New Freight Depot - Bunbury WA
Transport - Regional Freight New Freight Depot - Bunbury WA Consolidation of two sites (access, undercover area, efficiencies)
Slide 9: December 2019 Financial Review: Transport Segment
4 December 2019 Financial Review Transport Segment Revenue NPBT(1) Down 51% Up 1% $64.1m $1.9m $64.1 m $63.8 m $3.9 m $1.9 m Dec-19 Dec-18 Dec-19 Dec-18 ➢ Revenue marginally up on last year ➢ Difficult market conditions have continued in certain sectors of the WA market and the interstate freight bu
Slide 10: December 2019 Financial Review: Logistics Segment
4 December 2019 Financial Review Logistics Segment Revenue NPBT Down 80% Down 5% $42.4m $0.4m $44.7 m $1.8 m $42.4 m $0.4 m Dec-19 Dec-18 Dec-19 Dec-18 ➢ Revenue for the segment is down $2.3m on last year ➢ Significant decline in the flooring industry margin due to lower transport revenues and the i
Slide 11: December 2019 Financial Review: Property Segment
4 December 2019 Financial Review Property Segment Assets Liabilities Gearing Up 1% Up 1% $73.9m $38.9m $125.7m $125.9m $73.9 m $73.6 m $38.9 m $38.6 m Gearing % 32% 33% $40.7m $42.1m Dec-19 Dec-18 Dec-19 Dec-18 Dec-19 Jun-19 ➢ No material movement in assets ➢ $0.3m increase in liabilities ➢ Debt lev
Slide 12: Consolidated Balance Sheet
4 December 2019 Financial Review Consolidated Balance Sheet Post AASB16 Pre AASB16 Dec 2019 Dec 2019 Jun 2019 Dec 2018 Commentary ($M) ($M) ($M) ($M) Assets Cash and cash equivalents 1.6 1.6 2.2 3.5 ➢ Period end cash balance Receivables and prepayments 31.8 31.8 31.3 30.2 ➢ Debtors include trade and
Slide 13: Corporate Dashboard
4 December 2019 Financial Review Corporate Dashboard Percentage Number of Shareholders at 28 February 2020 of Issued CTI Logistics Limited – share price trading volume Movement in Share Capital Movement Total FPO Capital (%) 1 David R Watson 25,347,469 32.62% At 30 June 2018 77.1M 2 JP Morgan Nomine
Slide 14: New Freight Depot – Altona VIC
Transport – Interstate Freight New Freight Depot – Altona VIC Enabling future growth in interstate freight volumes
Slide 15: FY20 Focus
5 FY20 Focus CLX is well-positioned for an upturn in the WA economy WA Regional Freight: Well-positioned to capitalise on Warehousing: Further optimise warehouse utilisation improved volumes following a period of strengthening and labour productivity from the progressive rollout of systems and proce
Slide 16: What we do: Transport Segment
6 What we do Transport Segment Couriers Parcels ▪ On demand express services ▪ Same day and overnight distribution ▪ Technical services (eftpos and computer swap outs) ▪ E-commerce “last mile” B2B and B2C ▪ Vehicles range from pushbikes in CBD to two tonne capacity ▪ Two and four runs a day services
Slide 17: What we do: Logistics Segment
6 What we do Logistics Segment Warehousing E-commerce Fulfilment ▪ 3PL, 4PL, supply chain and overflow warehousing ▪ Inventory storage and management ▪ Contracted distribution centre services ▪ Pick and pack ▪ Bulk product storage ▪ Labelling, reworking and kitting ▪ Consolidation services ▪ Order s
Slide 18: What we do: Other Segment
6 What we do Other Segment Document Management Security ▪ Document and Sample Storage: Secure storage, ▪ Monitoring: ASIAL graded A1 24/7 control room monitoring of cataloguing and retrieval of documents, computer media alarms, lone worker protection, medical alerts and CCTV video and mineral sample
Slide 19: Disclaimer
Disclaimer This presentation contains general and background information about CTI Logistics Limited (CTI, the Company) current as at the date of the presentation and should not be considered to be comprehensive or complete or to comprise all the information that an investor should consider when mak