Slide 1: 2018 Results
PWR HOLDINGS LTD For personal use only 2018 RESULTS ASX : PWH 23 AUGUST 2018
Slide 2: Important Notice
IMPORTANT NOTICE For personal use only This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire
Slide 3: About PWR
About PWR FY18 Overview ABOUT PWR Financial Performance Business Outlook For personal use only At 30 June 2018 (unless otherwise stated) Shares on issue 100 million Market capitalisation $290 million (22 Aug 18 close) Directors Teresa Handicott Chairman Cash & deposits $12 million Non-executive dire
Slide 4: About PWR
About PWR FY18 Overview ABOUT PWR Financial Performance Business Outlook For personal use only • Over 30 years experience in cooling technology providing a solid base from which to continually evolve advanced cooling technologies • Provide niche, bespoke solutions to complex problems • Design, devel
Slide 5: FY18 Overview
About PWR FY18 Overview FY18 OVERVIEW Financial Performance Business Outlook For personal use only Strong year has delivered record result • Revenue $52m up 8% on pcp • Sales movement by currency to pcp - GBP sales up 27% mainly from motorsports, AUD sales up 20%, USD sales down 19% as expected duri
Slide 6: FY18 Overview
About PWR FY18 Overview FY18 OVERVIEW Financial Performance Business Outlook For personal use only 1. Statutory NPAT of $11m up 19% including abnormal items totalling $1m from : • $176K reduction in net deferred tax assets resulting from changes in the US federal corporate tax rate increased tax exp
Slide 7: Financial Performance
About PWR FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only A#039;000 FY18 FY17 Variance • Organic revenue growth of $3.1m Revenue 51,889 48,117 7.8% (6.6%) : • GBP sales up 27% EBITDA1 16,336 14,727 10.9% • USD sales down 19% • AUD sales up 20% EBITDA
Slide 8: Financial Performance: Consolidated Revenue Bridge
About PWR FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Consolidated Revenue Bridge FY18 category sales analysis FY17 to FY18 (FY17 comparatives in brackets) AUD $ 000 51,889 (4.8%) (11.3%) (17.8%) (66.1%) Exchange rates relatively stable during FY1
Slide 9: Financial Performance: Summary
About PWR FY18 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Summary • PWR Europe continues to perform with organic growth of 27% over prior period. Currency conversion of GBP to AUD has also been relatively stable. • Organic growth in PWR Australia sale
Slide 10: Balance Sheet
About PWR FY18 Overview BALANCE SHEET Financial Performance Business Outlook June June For personal use only A$000 2018 2017 Key points Assets • Zero net debt and strong cash position Cash and cash equivalents 12,110 9,064 • Improved working capital management Trade and other receivables 4,054 3,444
Slide 11: Working Capital & Cash Flow
About PWR FY18 Overview WORKING CAPITAL & CASH FLOW Financial Performance Business Outlook For personal use only A#039;000 FY18 FY17 Key points Trade, other receivables & prepayments 4,054 3,945 • Increased revenue (8%) with reduced working capital resulted in improved cash position Inventories 6,785 7
Slide 12: Business Outlook - Overview
About PWR FY18 Overview BUSINESS OUTLOOK - OVERVIEW Financial Performance Business Outlook FY19 and FY20 look positive. How will we improve ? For personal use only • 2 year capital expenditure and business growth program. • Efficiency and quality improvements to be ongoing. • Lower international cor
Slide 13: Business Outlook - FY19 and FY20 (continued)
About PWR FY18 Overview BUSINESS OUTLOOK - OVERVIEW Financial Performance Business Outlook FY19 and FY20 (continued) For personal use only • Human resources – targeted recruitment program ongoing. • Capital investment of over $10m to provide additional capacity for future growth across existing offe
Slide 14: Technology Developments
About PWR FY18 Overview TECHNOLOGY DEVELOPMENTS Financial Performance Business Outlook For personal use only Motorsports • Demand for profiled cores expected to remain strong through FY’s 19 & 20. • Increasing demand for billet machined tanking and passivation1 services. • Wind tunnel testing facili
Slide 15: Capital Investment
CAPITAL INVESTMENT For personal use only Investment program extensive and focussed on both growth as well as new manufacturing technologies. This capital expenditure program is to ensure we continue to stay at the forefront of technology developments and to ensure we have sufficient capacity for ant
Slide 16: Thank You
For personal use only 16 Thank You