Enx Group Limited · JSE:ENX

Enx — FY2015 Earnings Presentation

23 slides from Enx's earnings presentation, December 2015

  1. Slide 1: enX Group Limited Financial Results Presentation: August 2015

    enX Group Limited Financial Results Presentation: August 2015 December 2015

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation regarding enX’s business operations may constitute “forward looking statements.” All statements other than statements of historical fact included in this presentation, including, without limitation, those regarding the financial position, business s

  3. Slide 3: Overview and Prospects

    Overview and Prospects

  4. Slide 4: Continue to Deliver on Key Strategic Goals

    Continue to Deliver on Key Strategic Goals Highlights and Developments: • Strong H2 performance o Private Power Sales ▲ 20% to R428,3 million (2014: R357,4 million). 30% ▲ y-o-y for H2 o Adj H2 HEPS of 4.9cps, ▲ 29% vs H1 (3.8cps) o FX loss amounted to 2.8cps • Successfully integrated Centlube and t

  5. Slide 5: Positive Outlook for 2016

    Positive Outlook for 2016 Power: • Q1 trading has been good • Well positioned through manufacturing capability, inventory holding, technical services capacity and rental fleet to service increased demand • Genmatics early trading has exceeded expectations. Will be included for full FY2016 • Order bo

  6. Slide 6: Positive Outlook for 2016

    Positive Outlook for 2016 Wood: • Strategically non-core • Will continue to contribute to group earnings and cash flow Growth prospects intact: • Focus on growing Power and Fuel segments organically and through acquisition • Acquisition pipeline is promising Key risks: • Continued ZAR depreciation w

  7. Slide 7: Our Track Record Transforming enX

    Our Track Record Transforming enX Apr 2013– Aug 2013 Sep 2013 – Aug 2014 Sep 2014 – Aug 2015(1) • Full executive team hired: CEO, • Ricophase acquires 27% • 25% B-BBEE transaction and CFO, Wood CEO. Governance shareholding: Aligns executive associated R213,8m capital raise: improves. Group fully com

  8. Slide 8: Improving Financial Performance

    Improving Financial Performance Revenues (R’m) Adj EBITDA (R’m) Adj HEPS (cps) 1000 90 Add F X 14 Add F X Loss Loss 900 80 12 800 70 700 10 60 600 50 8 500 40 6 400 30 300 4 20 200 2 100 10 0 0 0 FY2012 FY2013 FY2014 FY2015 FY2012 FY2013 FY2014 FY2015 FY2012 FY2013 FY2014 FY2015 8

  9. Slide 9: Group Vision and Business Model

    Group Vision and Business Model

  10. Slide 10: Aspirational Structure: A focused Energy Group

    t the distribution of industrial aluminium, plastic and woodworking machinery, tooling and edging, together with the relevant a and technical services. Aspirational Structure: A focused Energy ListedGroup shareholders 100% W Austro Group Limited 25% Power Cluster 100% Fuel and Chemicals Cluster Ente

  11. Slide 11: Key Business Attributes

    Key Business Attributes Power Fuel and Chemicals • Largest genset production facility in • Top 2 independent blender and Southern Africa: marketer of oil lubricants in Southern Africa o Produced >800 units , 166MW in FY2015 o In excess of 12m lt. production capacity p.a. • One of the largest generat

  12. Slide 12: Power Business Model

    Power Business Model • Genset Sales Engine and Genset Short • Finance Pump Set Term Rentals • Support Sales Rental Sets Gensets for rental Genset Production Pump sets Engines for production Engines for sale Engines and Pump sets OEM’s Genset Factory 12

  13. Slide 13: Fuel and Chemicals Business Model

    Fuel and Chemicals Business Model END USER INDUSTRY SECTORS v Agriculture v Manufacturing v Automotive v Mining v Construction v Transport and logistics v Engineering BLENDING AND FILLING SALES AND MARKETING WAREHOUSING AND DISTRIBUTION (1) § Storage and blending of base § Retail and wholes

  14. Slide 14: FY2015 Financial Performance

    FY2015 Financial Performance

  15. Slide 15: Key Financial Performance Indicators

    Key Financial Performance Indicators R ‘000 FY2015 FY2014 % Change Revenue 882 835 585 006 é 50,9 Gross Profit 254 367 174 590 é 45,7 Adjusted EBITDA 66 342 49 379 é 34,4 Adjusted Headline Earnings 36 064 34 408 é 4,8 Adjusted HEPS (cps) 8,7 8,7 -­ Shares in issue (number ‘000) (1) 421 689 395 2

  16. Slide 16: Significant Adjustments to Earnings Explained

    Significant Adjustments to Earnings Explained Cash R ‘000 FY2015 Explanation Impact Increase in enX share price of 60c between date Non Impairment of Goodwill 10 961 of signing Centlube agreement and issue of Cash shares. Company resolved to impair immediately Increase in provision required for pote

  17. Slide 17: Key Financial Position Indicators

    Key Financial Position Indicators R ‘000 FY2015 FY2014 Plant and Equipment (1) 80 271 42 853 Goodwill and Intangibles (1) 125 931 95 544 Inventories (1) 353 736 145 467 Trade Receivables (1) 248 630 128 943 Trade and other Payables (2) 296 631 119 368 Non-­current Portion of Interest Bearing Liabili

  18. Slide 18: Key Cash Flow Indicators

    Key Cash Flow Indicators R ‘000 Aug 2015 Aug 2014 Operating Cash Flow (pre-­working capital) 55 237 31 726 Investment in working capital(1) (124 442) 16 478 Net interest and tax outflows (4 097) (2 258) Net Capital Expenditure(2) (35 365) (9 749) Acquisitions (3) (39 598) -­ Interest Bearing Liabili

  19. Slide 19: Power Segment

    Power Segment R ‘000 FY2015 FY2014 % Change Revenue 454 620 389 859 é 16,6 Gross Profit 136 984 107 776 é 27.1 Gross Profit % 30.1% 27.6% Adjusted EBITDA 55 583 42 091 é 32,1 Adjusted EBITDA Margin % 12,2% 10,8% Reporting Period Dynamics: Prospects: 1. High demand for generators in H2 after 1. Tr

  20. Slide 20: Fuel Segment

    Fuel Segment R ‘000 FY2015 Revenue 210 000 Gross Profit 47 932 Gross Profit % 22.8% Adjusted EBITDA 8 026 Adjusted EBITDA Margin % 3,8% Adjusted EBITDA excluding FX loss 21 726 Reporting Period Dynamics: Prospects: 1. Consolidated from December 2014. 1. FY2016 will reflect a full twelve months of Re

  21. Slide 21: Wood Segment

    Wood Segment R ‘000 FY2015 FY2014 % Change Revenue 218 215 195 147 é 11,8 Gross Profit 72 109 67 361 é 7.0 Gross Profit % 33.0% 34.5% Adjusted EBITDA 17 431 24 831 ê 29,8 Adjusted EBITDA Margin % 8,0% 12,7% Reporting Period Dynamics: Prospects: 1. Sustained turnaround following the 1. Strong capi

  22. Slide 22: Capitalisation, Funding and Liquidity

    Capitalisation, Funding and Liquidity R ‘000 Facility Outstanding Capital and Reserves: As at 31 August 2015 461 346 Expected equity injection from B-­BBEE transaction 213 770 No. of s hares in issue post-­transaction 562 327 Interest Bearing Borrowings: Group credit facilities 75 000 51 200 New Ter

  23. Slide 23: Thank you and questions

    Thank you and questions

enX Group — FY2015 Earnings Presentation on 6ix