Slide 1: FY24 End of Year Results
FY24 End of Year Results 3 0 T H J U N E 2 0 2 4 GROUP
Slide 2: Acknowledgement of Traditional Custodians
Simonds acknowledges the Traditional Custodians and knowledge-holders of the land on which we live, work play and build. We recognise and value their continued and inherent connection to land, sea, culture and community.
Slide 3: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation is authorised by the Board of Simonds Group Limited (Company) and is current as at the date of the cover page. It is solely based on, and should be read in connection with, information contained on other periodic and continuous disclosure announcements
Slide 4: Returning to profitability while investing in future delivery capability
F Y 2 4 R E S U LT S Returning to profitability while investing in future delivery capability Returned to The majority of the low Aggressively targeted Continued investment Number of residential profitability with a margin residential jobs overhead expenditure in alternative sales site starts soften
Slide 5: Delivering the turnaround to mobilise for sustainable growth and profitability
F Y 2 4 R E S U LT S Delivering the turnaround to mobilise for sustainable growth and profitability • Revenue from continuing operations lower, as residential site starts reduced in a market impacted by softer retail demand and phasing of revenue from Display Revenue 1 EBITDA 1 sales. The Display pr
Slide 6: Income Statement
F Y 2 4 R E S U LT S Income Statement • Revenue from continuing operations decreased as a result of the lower 30-Jun-24 30-Jun-23 number of jobs going to site and phasing of display home sales. $m $m Continuing operations • Gross margin increased by 16.1% despite the lower revenue result. The divers
Slide 7: Balance Sheet
F Y 2 4 R E S U LT S Balance Sheet • Net cash and undrawn banking facilities of $26.6m as at 30 June 2024 30-Jun-24 30-Jun-23 provide sufficient headroom for the business to support all working capital $m $m needs and investments in future growth initiatives. Cash / Equivalents 1.6 15.1 • Receivable
Slide 8: Cash Flow
F Y 2 4 R E S U LT S Cash Flow • Cash flow from operating activities was positive given 30-Jun-24 30-Jun-23 the improved EBITDA result, offset by the working capital $m $m requirements of the new channel initiatives and the phasing of cash requirements for the display home program. Cash flows from o
Slide 9: FY25 Key initiatives
FY25 FY25 Key initiatives Continued product development to address emerging consumer needs around flexible living spaces and affordability. Channel diversification Sustainable profitability Product innovation Operational • Medium Density: Investing in • Development of new small transformation • Allo
Slide 10: Current trading conditions & outlook
FY25 Current trading conditions & outlook • Continued residential gross margin improvement expected as the older low margin contracts have been phased out with future results reflecting the annualized impact of new, higher margin jobs going to site in FY24. • Channel mix continues to evolve with the
Slide 11: Land availability & affordability
Land availability & affordability Land availability is mixed nationally. South Australia and Queensland are Affordability continues to impact buyers nationwide with borrowing both constrained markets with low cancellation rates, and not enough land capacity plummeting following 13 interest rate rise
Slide 12: Sustainability
Sustainability For over 75 years, Simonds has been shaping Australia, constructing homes for over 50,000 diverse families. We take pride in the positive impact our work has on people's lives, yet we also acknowledge the significant environmental impact of our industry. It’s why we’re embedding susta
Slide 13: Thank you.
Thank you. For more information contact: Level 1, 570 St Kilda Road Melbourne VIC 3004 (+61) 3 9682 0700 simondsgroup.com.au Authorised for lodgement by Simonds Group Limited Board GROUP F Y 2 4 E N D O F Y E A R R E S U LT S | 30 JUNE 2024 13