Slide 1: ASX cover letter for 1H25 investor presentation
19 February 2025 ASX Market Announcements ASX Limited 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, SCHAFFER CORPORATION LIMITED (ASX:SFC) INVESTOR PRESENTATION - 1H25 RESULTS Please find attached SFC’s Investor Presentation for the first half of the 2025 financial year. The Board has
Slide 2: FY25 Half-Year Results Presentation
FY25 Half-Year Results Presentation FEBRUARY 2025 Creating shareholder value through the efficient operation of our businesses and long-term growth in our investments
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Schaffer Corporation Limited ACN 008 675 689 (“The Company”). This presentation is for information purposes only and is not a prospectus or product disclosure statement, financial product or investment advice or a recommendation to acquire Schaffer C
Slide 4: Organisation Chart
Organisation Chart MANUFACTURING GROUP INVESTMENTS SOUTH CONNECT JANDAKOT AUTOMOTIVE LEATHER (83% OWNED) SFC (100%) AND GOSH CAPITAL (83%) JANDAKOT - ▪ Finishing ▪ Company Owned Property ▪ 100% Owned - Slovakia - Victoria, Australia ▪ Syndicated Investment Property ▪ A large strategic asset located
Slide 5: Group Consolidated Financial Performance
Group Consolidated Financial Performance Half-Year ending December ($m) 1H25 1H24 $ Change 1H25 Statutory NPAT1 increased 44% to $12.7m (1H24: $8.8m) Revenue $112.3 $112.9 ($0.6) Net Profit After Tax (NPAT)1 from: 1▪ Automotive Leather generated profits of $7.8m (1H24: Automotive Leather 1 $7.8 $7.8
Slide 6: Fully Franked Dividends
Fully Franked Dividends SFC is a consistent dividend payer ▪ The Board has declared a fully franked interim dividend of $0.45 per share, for shareholders on record on 7 March 2025, payable on 14 March 2025. 90 90 90 90 80 70 45 45 45 45 35 45 40 0 25 25 26 30 45 45 45 45 45 45 13 13 14 30 12 12 12 1
Slide 7: Cash Generated
Cash Generated Half-Year ending December ($m) 1H25 1H24 Strong cash generation of $18.4m (1H24: $27.6m) for 1H25 NPAT 1 12.7 8.8 primarily related to: Change in Automotive Leather trade working capital (0.5) 12.6 Depreciation 4.5 4.3 1 Steady working capital movements from Automotive Leather Net unr
Slide 8: Group Net Debt Overview ($m)
Group Net Debt Overview ($m) MANUFACTURING GROUP INVESTMENTS Syndicated Automotive Gosh Total Total All amounts in $m Delta SFC Investments Jandakot Investment Leather Capital Dec 24 Jun 24 Properties Type of Debt: Bank and other debt (18.9) (0.3) (1.4) (22.3) (7.8) (62.9) (59.5) Equipment finance (
Slide 9: Automotive Leather
Automotive Leather Half-Year ending December ($m) 1H25 1H24 Good first half with similar profit of $7.8m (1H24: $7.8m), notwithstanding lower revenues. Revenue $84.1 $92.8 Revenues decreased 9% to $84m (1H24: $93m) impacted by: Segment NPAT1 $7.8 $7.8 ▪ Delayed launch of certain new programs. Antici
Slide 10: Automotive Leather Outlook
Automotive Leather Outlook ▪ Notwithstanding a slowing economic backdrop, profitability for 2H25 should be higher than 1H25. ▪ Our OEMs are reporting mixed results: ▪ JLR reported good results, particularly for our models – Jan 2025. ▪ Mercedes called it a “challenging global market environment” – J
Slide 11: Delta
Delta Summary Half-Year ending December ($m) 1H25 1H24 ▪ Delta increased NPAT to $4.2m (1H24: $2.2m): Revenue $22.0 $14.7 ▪ Benefited from Government’s continued investment in large-scale Segment NPAT $4.2 $2.2 projects in Western Australia. ▪ Operational efficiencies Outlook ▪ Many large-scale proj
Slide 12: Group Investments
Group Investments Half-Year ending December ($m) 1H25 1H24 ▪ Group Investments represents a growing proportion of the Group’s underlying assets and valuation. Revenue $6.2 $5.4 Segment NPAT1,2 $2.3 $0.5 ▪ We continue to grow the division opportunistically with the objective of maximising shareholder
Slide 13: Group Investments – Pre-Tax Net Equity Value
Group Investments Pre-Tax Net Equity Value1 of $219.9m (June 2024: $210.9m) or $16.18/share (June 2024: $15.53/share) $219.9 $210.9 $24.8 $191.7 $187.7 $18.9 $186.5 ▪ Pre-Tax Net Equity Value1 has increased to $220m in HY24 $37.3 $20.6 $8.7 $36.3 from $96m in FY17, +$124m over the 7.5 years. $23.4 $
Slide 14: Group Investments – Property
Group Investments – Property Fugro Building West Perth, WA Hometown Cannington, WA Home Space, Tamworth, NSW 39 Dixon Rd Rockingham, WA Parks Centre Bunbury, WA Half-Year Results Presentation FEBRUARY 2025 13
Slide 15: South Connect – Jandakot Logistics Estate
South Connect – Jandakot Logistics Estate Aerial View – August 2024 Half-Year Results Presentation FEBRUARY 2025 14
Slide 16: Jandakot – South Connect – Logistics Estate
Jandakot – South Connect – Logistics Estate A large strategic property asset located between two freeways and 15 minutes south of the Perth CBD. South Connect – Jandakot Logistics Estate is well located to benefit from the increased demand for logistic and “last-mile” warehousing driven by the rapid
Slide 17: Group Outlook – 2H25
Group Outlook – 2H25 Outlook Risk Factors The current environment has many potential risks, and we remain cautious, ▪ Delayed program launches for Automotive Leather but we see opportunity for Automotive Leather during the second half. ▪ Adverse currency volatility for Automotive Leather ▪ Automotiv
Slide 18: Non-IFRS Financial Information
Non-IFRS Financial Information Schaffer Corporation Limited results are reported under As at Reconciliation of Net Debt ($000’s) International Financial Reporting Standards (IFRS) as issued by the Dec 2024 Jun 2024 International Accounting Standards Board. The Company Interest-bearing loans and borr
Slide 19: Appendix I - Group Investments – Pre-Tax Net Equity Value
Appendix I - Group Investments – Pre-Tax Net Equity Value1,2 FY18 FY19 FY20 FY21 FY22 FY23 FY24 HY25 HY25 HY25 Pre-Tax Net Equity Value1,2 ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) Per Share % of Portfolio Property: Used by SFC Operations $11.4 $11.4 $9.7 $9.7 $9.7 $10.1 $10.1 $10.1 $0.74 5% Jandakot
Slide 20: Appendix II - Group Investments – Property Portfolio
Appendix II - Group Investments – Property Portfolio Notional Current SFC SFC Share of SFC Share Post-Tax Year Land Size Tax on Address Description Ownership Structure Lettable Ownership Market Value of Debt Net Equity Acquired (sqm) Capital Area (sqm) % ($m) ($m) Value ($m) Gain ($m) Property used
Slide 21: Appendix II - Group Investments – Property Portfolio
Appendix II - Group Investments – Property Portfolio Notional Current SFC SFC Share SFC Share Post-Tax Year Land Size Tax on Address Description Ownership Structure Lettable Ownership of Market of Debt Net Equity Acquired (sqm) Capital Area (sqm) % Value ($m) ($m) Value ($m) Gain ($m) Development Si