Lindsay Australia Limited · ASX:LAU
Lindsay Australia — Investor Presentation (March 2022)
18 slides from Lindsay Australia's investor presentation, Mar 17, 2022
Slide 1: Investor Presentation – Lindsay Australia Financial Results HY2022
152 Postle Street Acacia Ridge QLD 4110 Locked Bag 2004 Archerfield Qld 4108 ABN 81 061 642 733 P: 07 3240 4900 F: 07 3054 0240 www.lindsayaustralia.com.au 17th March 2022 ASX Announcenment Investor Presentation – Lindsay Australia Financial Results HY2022 Attached is Lindsay Australia’s Investor Pr
Slide 2: Lindsay Australia Investor Presentation HY2022
LINDSAY AUSTRALIA INVESTOR PRESENTATION HY2022 (ASX: LAU)
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Lindsay Australia Limited (“LAL”). The In particular, no representation or warranty, express or implied, is given as to the information contained in this presentation is for information purposes only. The accuracy, completeness or correctness, likeli
Slide 4: The Lindsay End-to-End Solution
THE LINDSAY END-TO-END SOLUTION Lindsay Australia Ltd (ASX: LAU) is an integrated transport, logistics and rural supply company with a specific focus on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries from its 40+ stores and depots. T
Slide 5: Our National Transport Network
OUR NATIONAL TRANSPORT NETWORK LINDSAY RURAL Mundubbera Innisfail Murwillumba Mackay Adelaide h Nambour Mareeba Atherton Stanthorpe Melbourne Ayr Tully Mildura Brisbane Retail Woolgoolga Mundubbera Brisbane Warehouse Nambour Bowen Perth LINDSAY Stanthorpe Brandon TRANSPORT Bundaberg Childers Sydney
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT ASX Stock Code [LAU] 12-month share price performance and volume Board of Directors and Key Management KMP Role HY22 revenue $274m Mr Ian Williams Non-Executive Director & Chair HY22 underlying1 EBITDA $31.4m Mr Michael Kim Lindsay Managing Director and CEO Cash balance as at 31 D
Slide 7: Overview
oe OVERVIEW
Slide 8: HY22 Key Highlights
HY22 KEY HIGHLIGHTS Expansion in Rural and Rail continues to deliver strong growth, helping to deliver positive returns on invested capital. OPERATING REVENUE UNDERLYING EBITDA1 UNDERLYING PBT1 NET DEBT2 $273.9m $31.4m $15.0m $103.4m up 25.3% up 20.2% up 44.0% down 0.7% NET LEVERAGE RATIO3 ROIC4 UND
Slide 9: Group Performance
GROUP PERFORMANCE HY22 Underlying EBITDA Bridge ($’M) Group underlying EBITDA ($’M), 5 Year View 31.4 26.2 23.3 21.6 19.6 HY18 HY19 HY20 HY21 HY22 Record results in Execution of the Group’s Working capital increased due Improvement in all key Strong results allowed the Transport and Rural drove stra
Slide 10: Strengthening Balance Sheet
STRENGTHENING BALANCE SHEET Group borrowings1 ($’M) Invested Capital($’M) VS ROIC Continue to focus on Net capex spend of $18.0m Reviewing current property Rail growth, rising utilisation rates disciplined capital allocation to was focused on rail, fleet portfolio and future property and low cost ex
Slide 11: Segment Performance
SEGMENT PERFORMANCE
Slide 12: Lindsay Transport
LINDSAY TRANSPORT Transport underlying EBITDA ($’M) Rail revenue ($’M) vs container fleet size 34.8 29.7 27.6 26.7 26.0 HY18 HY19 HY20 HY21 HY22 Through its Transport Generated record revenue of Transport delivered underlying EBITDA Transport continues to explore Transport continues to look for busi
Slide 13: Lindsay Rural
LINDSAY RURAL Rural external sales ($’M) Rural underlying EBITDA ($’M) 81.7 5.1 68.3 3.7 3.4 66.3 62.9 63.2 2.1 1.8 HY18 HY19 HY20 HY21 HY22 HY18 HY19 HY20 HY21 HY22 Generated record sales of $81.7m Uplift in underlying EBITDA by Remained focused on simple Looking to build on recent success (+19.8%)
Slide 14: Growth Strategy
GROWTH STRATEGY Lindsay remains In Rural: committed to maintaining its role as Continue to diversify an essential service the Group's product mix provider and its key role and focus on high in the nation's food growth regions. supply chain. To maximise value for Lindsay will continue to In Transport
Slide 15: Outlook
OUTLOOK Strong demand for all Group The addition of more refrigerated We remain confident that the The Group’s strong financial services are expected to rail containers in the 2H of FY22 Group's diversified model and performance and healthy balance continue for the remainder of for Transport and Rur
Slide 16: Contact Us
CONTACT US Kim Lindsay, CEO Ph: (07) 3240 4900 E: Kim.Lindsay@lindsayaustralia.com.au www.lindsayaustralia.com.au
Slide 17: Appendix
APPENDIX
Slide 18: Reconciliations
RECONCILIATIONS Underlying results Key finance metrics 1H 2022 ($'000) EBITDA EBIT PBT NPAT Net Borrowings ($'000) 1H 2022 1H 2021 Statutory Result 39,200 20,043 17,503 12,235 Reported borrowings 24,369 21,150 Depreciation right of use properties/other (5,070) - - - Lease liabilities 177,574 186,278
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