Coventry Group Limited · ASX:CYG
Coventry — Investor Presentation (June 2019)
9 slides from Coventry's investor presentation, Jun 20, 2019
Slide 1: Trading Update and Investor Presentation 2019
Trading Update and Investor Presentation 2019 Delivering innovative industrial solutions to the mining, construction and manufacturing sectors ASX: CYG
Slide 2: Corporate Snapshot – June 2019
Corporate Snapshot – June 2019 Key Market Metrics SHARE PRICE SHARES ON MARKET NET DEBT 19 JUNE 2019 ISSUE CAPITALISATION 31 MAY 2019 $ 0.78 89.7M $ 70.0M $ 7.3M PRO-FORMA FY19 ENTERPRISE EV / FY19 PRO- REVENUE (f) VALUE FORMA REVENUE $ 230.4 $ 77.3M 0.34x Substantial Shareholders 30.8% 7.7% 7.1% 6.
Slide 3: Key People
Key People NEIL CATHIE ROBERT BULLUSS ANDREW NISBET JAMES TODD ROD JACKSON Independent Non- CEO & Managing Independent Non- Independent Non- CFO Executive Chairman Director Executive Director Executive Director 27 year career at Appointed CEO in May Appointed in September Appointed in September Appo
Slide 4: Trading Update
Trading Update Coventry Group’s trading performance has Strong YTD sales growth +17.7% including acquisitions improved significantly over recent time periods. Excluding acquisitions YTD sales growth +6.5% which represents solid organic growth – momentum is building. Including acquisitions the Gr
Slide 5: Key Strategic Initiatives
Key Strategic Initiatives Drive profitable sales growth Significant focus on improving service levels in TDA - green shoots emerging with May sales growth of 5.7% on the pcp excluding closed branches. Key business development hires in NSW, QLD, VIC and WA. Return of a number of experienced ex-Co
Slide 6: Outlook
Outlook The outlook is positive. The Group will return to profitability in FY19, barring unforeseen circumstances in June 19. The business has substantial operating leverage as sales grow. There is limited additional operating costs required to support sales growth – the majority of incremental gr
Slide 7: Peer Comparisons
Peer Comparisons Coventry Group trades at a significant discount to comparable trade distribution companies Coventry Group Reece Supply Networks Bapcor Fastenal Market A$70.0m A$5.5bn A$142m A$1.56bn US$17.9bn capitalisation Enterprise Value A$77.3m A$7.1bn A$148m A$1.91bn US$18.5bn FY19 Revenue (f)
Slide 8: Disclaimer
Disclaimer Reliance on third party information Forward looking statements The information and views expressed in this presentation were prepared by This presentation may include forward-looking statements. Although the Coventry Group Ltd (the Company) and may contain information that has Company bel
Slide 9: ASX: CYG
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