Lindsay Australia Limited · ASX:LAU
Lindsay Australia — Investor Presentation (September 2020)
16 slides from Lindsay Australia's investor presentation, Sep 8, 2020
Slide 1: ASX Announcement: Investor Presentation FY2020 Financial Results
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 08 September 2020 ASX Announcenment Investor Presentation – Lindsay Australia Financial Results FY2020 Attached is Lindsay Australia’s Investor
Slide 2: Lindsay Australia FY2020 Financial Results
LINDSAY AUSTRALIA FY2020 FINANCIAL RESULTS
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Lindsay Australia Limited (“LAL”). The information contained in this presentation is for information purposes only. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the bas
Slide 4: Key Highlights
KEY HIGHLIGHTS 2020 2019 % Change Financial results $'000 $'000 Operating revenue increased 6.6%, driven by growth in Transport’s rail offering and a record sales year from Rural. Operating revenue 411,515 386,077 6.6% 1 Underlying EBITDA 40,407 37,722 7.1% Underlying EBITDA increase of 7.1% des
Slide 5: Key Highlights
KEY HIGHLIGHTS Group underlying EBITDA bridge ($’M) Underlying EBITDA growth was supported by positive contributions from both Transport and Rural. Rural delivered a record segment profit contribution of $6.5m, up 67% on the previous corresponding period (pcp). Remained focused on meeting stra
Slide 6: Segment Overview
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Slide 7: Lindsay Transport
LINDSAY TRANSPORT Transport underlying profit ($’M) For FY2020, Transport generated freight revenue of $282.4m, representing an increase of $14.2m (+5.3%) on the prior year, primarily attributable to growth in rail revenue. Rail contributed additional revenues of $22.3m, helping to offset reduct
Slide 8: Lindsay Rural
LINDSAY RURAL For FY2020 Rural achieved record sales of $128.6m, up $14.6m (+12.9%) on Rural external sales ($’M) the prior year, benefitting from the strategic review completed in FY2019. As part of the strategic review Rural closed a number of marginally performing branches, shifting the segme
Slide 9: Lindsay Fresh
LINDSAY FRESH Lindsay Fresh Logistics Import/Export revenues were materially impacted by COVID-19 particularly in Q4. Air freight significantly impacted due to airport closures and restrictions due to COVID. Prior to COVID, Fresh had a positive start to the financial year generating revenue gr
Slide 10: Capital Expenditure
CAPITAL EXPENDITURE Group borrowings1 ($’M) FY2020 capital investment continued to focus on safety, facilities, rail and technology. Capex highlights: Opened Erskine Park facility in March 2020, contributing $7.8m to the purpose built fit-out. Added 110 refrigerated containers and associated
Slide 11: COVID-19 Impact & Outlook
COVID-19 IMPACT & OUTLOOK Lindsay Australia is a leading national provider of transport and logistics services to the horticulture and food related industries and despite the challenges faced across the Group, Lindsay’s remain committed to maintaining our role as an essential service provider and
Slide 12: Appendix
APPENDIX
Slide 13: Reconciliations
RECONCILIATIONS Underlying results Key finance metrics 1 1 2020 ($'000) EBITDA EBIT Profit Before Tax NPAT Net Borrowings ($'000) 2020 2019 Reported Result 47,133 15,875 7,683 5,322 Reported borrowings 25,108 115,925 Impact of application of AASB 16 (8,816) (1,269) 1,358 1358 Lease liabilities 185,5
Slide 14: AASB 16: Leases Impact
AASB 16: LEASES IMPACT Table outlines the major (pre-tax) impact to the Group’s financial statements upon application of AASB 16: Leases Depreciation 7,547 Additional depreciation charges on ROUA Interest 2,627 Additional interest expense on lease liabilities Income Statement Operating lease rental
Slide 15: The Lindsay End-to-End Solution
THE LINDSAY END-TO-END SOLUTION Lindsay Australia Limited 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. The Lindsay Australia Group comprises t
Slide 16: Our Sites
OUR SITES Lindsay Rural Mildura Innisfail Adelaide Mundubbera Mackay Brisbane Shop Murwillumbah Mareeba Brisbane Warehouse Nambour Melbourne Bowen Stanthorpe Mildura Brandon Tully Mundubbera Bundaberg Nambour Lindsay Transport Childers Perth Adelaide Coffs Harbour Stanthorpe Bowen Emerald Sydney Bri
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