Slide 1: 2021 Results Presentation
2021 RESULTS PRESENTATION 31 August 2021 Presented by: Simon Henry, CEO & Brendan Lum, CFO
Slide 2: Important notice and disclaimer
Important notice and disclaimer No reliance subject to change without notice, and may involve significant elements of subjective judgement and assumptions as to future events which may or The information contained in this document is not investment or financial may not be correct, and which may caus
Slide 3: Introduction to DGL
Introduction to DGL A specialty chemicals and supply chain business offering a full- service solution from manufacture to recycle CHEMICAL WAREHOUSING & AUD $196 m AUD $166M MANUFACTURING DISTRIBUTION FY21 pro forma Net Tangible revenue Assets1 290+ 30 Staff – Aust. & NZ Sites across Aust. Formulati
Slide 4: Introduction to DGL - Operations
Introduction to DGL Diverse and strategic Trans-Tasman footprint, with global capabilities DGL’s Operations 4
Slide 5: FY21 highlights
FY21 highlights Strong performance, exceeding FY21 prospectus forecasts PRO‐FORMA REVENUE PRO‐FORMA EBITDA HIGHLIGHTS $196M $28M All metrics ahead of prospectus forecasts. up 9% on PCP up 47% on PCP Increased utilisation across our extensive network of up 3% on prospectus up 8% on prospectus Tra
Slide 6: Financials
FINANCIALS Presented by Brendan Lum, CFO
Slide 7: FY21 Financial Result
FY21 Financial Result % Commentary FY20 FY21 FY21 change % Y/E 30 June (A$m) Pro- Pro- Prospectus FY20 v variance • Stronger performance across all divisions, in particular: forma forma forecast FY21 – Increase in storage revenue due to customers Sales revenue 180.1 196.5 9% 189.9 3% increasing inve
Slide 8: Pro-forma NPAT to Statutory NPAT
Pro-forma NPAT to Statutory NPAT 1H21 Pro Significant Commentary INCOME STATEMENT Pro Forma Chem Pack Statutory Forma One-off FY21 (1H21) FY21 • Trading profit of Chem Pack recorded in Adjustments costs/income #039;000 #039;000 #039;000 #039;000 #039;000 the statutory results covers 2HY21 and not the full FY21 Sal
Slide 9: Divisional performance
Divisional performance Three core divisions Revenue by division2 on a pro-forma basis ($millions) 120.0 FY20 FY21 94.2 97.3 100.0 80.0 61.9 63.2 60.0 40.9 40.0 27.6 20.0 0.0 Chemical Manufacturing (1) Warehousing & Distribution Environmental Solutions MAIN DRIVERS – Strong growing conditions in agri
Slide 10: Cash flows
Cash flows Pro-forma Pro-forma Y/E 30 June (A$m) FY20 FY21 Actual Actuals Commentary CASH FLOWS FROM OPERATING ACTIVITIES • Continued strong cash generation Receipts from customers 188.1 203.7 Payments to suppliers and employees2 (169.5) (174.0) • Purchase of land and building (Shands Rd, Interest r
Slide 11: Balance sheet
Balance sheet 30 JUNE (A$m) 31 DEC 2020 2021 CURRENT ASSETS Commentary Cash and cash equivalents 3.63 43.83 Trade and other receivables 22.10 22.53 • $43.8 million cash largely represented by IPO proceeds Inventories 10.97 14.42 yet to be expended after allowing for the final settlement Other financ
Slide 12: Strategy Update
STRATEGY UPDATE
Slide 13: Positive industry trends support long-term growth
Positive industry trends support long-term growth CHEMICAL WAREHOUSING & ENVIRONMENTAL MANUFACTURING DISTRIBUTION SOLUTIONS $40.8 billion market $1.2 billion market $3.6 billion market opportunity1 opportunity1,2 opportunity1 MARKET DRIVERS MARKET DRIVERS MARKET DRIVERS • Growing agricultural sector
Slide 14: Clear strategy to drive growth
Clear strategy to drive growth OUR OBJECTIVE To be Australasia’s leading fully integrated, end-to-end chemicals business Warehousing and Chemical Manufacturing Environmental Solutions Distribution STRATEGIC PRIORITIES Chemical Warehousing manufacturing & Distribution Drive cross-selling Achieve furt
Slide 15: FY21 strategy progress
FY21 strategy progress Substantial progress across all key areas of focus STRATEGIC PRIORITIES Chemical Warehousing manufacturing & Distribution Drive cross-selling Achieve further Investment in Identify acquisitions between divisions economies of scale capital projects • Creating greater cross • Ne
Slide 16: FY22 strategy focus areas
FY22 strategy focus areas A clear focus on executing on our strategy to be a full-service chemicals business STRATEGIC PRIORITIES Chemical Warehousing manufacturing & Distribution Drive cross-selling Achieve further Investment in Identify acquisitions between divisions economies of scale capital pro
Slide 17: Strategy initiatives - Acquisition of Opal Australasia
Strategy initiatives - Acquisition of Opal Australasia Scale, efficiencies and complete coverage of Australia’s agri market • Opal is a specialist contract formulator and packaging business based in Kwinana Industrial Aria, one of WA’s most strategic industrial areas. • Acquired August 2021 for $8.6
Slide 18: Quality, Health & Safety
Quality, Health & Safety Compliance, procedures and training underpin our approach to H&S Total lost time injury hours 20+ licence and accreditation portfolio Portfolio of licences, developed over more than a decade to ensure safety in Significant improvement in FY21 operations, and environmental an
Slide 19: COVID-19 pandemic – market impacts
COVID-19 pandemic – market impacts No material impact on DGL’s operations, health & safety of our people top priority • DGL businesses considered ‘essential industry’ in both Australia and New Zealand: all services continue to operate through lockdowns to service food production sectors and chemical
Slide 20: Outlook and Summary
OUTLOOK AND SUMMARY
Slide 21: Outlook and Summary
Outlook and Summary • Business is performing strongly and in-line with internal expectations. • Strategy is focused on growing organically and through acquisitions that provide strategic value to DGL. • We are actively reviewing acquisitions which will form a key growth pillar in FY22. • Expect to e
Slide 22: Unique competitive position
Unique competitive position Strategic network of Trans- Material asset base and strong Skilled and trained workforce Tasman infrastructure balance sheet AUD $166m Net Tangible Assets1 290+ staff Regulatory compliance Vertical integration providing Significant industry know-how, opportunity for end-t
Slide 23: Q&A
Q&A