Pwr Holdings Ltd. · ASX:PWH
Pwr — H1 2019 Earnings Presentation
13 slides from Pwr's earnings presentation, Feb 25, 2019
Slide 1: PWR Holdings Ltd H1 2019 Results
PWR HOLDINGS LTD H1 2019 RESULTS For personal use only ASX : PWH 25 FEBRUARY 2019 Through passionate people and innovative solutions, we lead the way in advanced cooling system design and supply, to exceed the expectations of our global partners across diverse industries.
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: H1 FY19 Results Highlights
About PWR H1 FY19 Overview H1 FY19 RESULTS HIGHLIGHTS Financial Performance Business Outlook H1 FY19 H1 FY18 For personal use only Revenue $24.8m $20.4m ↑ 22% H1 FY18 included C&R South (exited) revenue. Increase of 25% on a LFL basis. EBITDA $ 5.0m $ 3.8m ↑ 31% NPAT $ 3.1m $ 2.1m ↑ 53% H1 FY18 writ
Slide 4: H1 FY19 Overview
About PWR H1 FY19 Overview H1 FY19 OVERVIEW Financial Performance Business Outlook For personal use only Solid first half and well prepared for H2 FY19 and beyond • Revenue $24.8m up 22% on pcp. • Sales movement by currency to pcp. Europe sales up 42% mainly from motorsports. C&R USD sales up 6% and
Slide 5: Financial Performance
About PWR H1 FY19 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only A$'000 H1 FY19 H1 FY18 Variance • Organic revenue growth of $3.4m (16.6%). Revenue 24,762 20,371 21.6% • Currency movements resulted in net positive impact on revenue of EBITDA1 5,038 3,83
Slide 6: Financial Performance: Consolidated Revenue Bridge
About PWR H1 FY19 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Consolidated Revenue Bridge H1 FY19 Category Sales H1 FY18 to H1 FY19 (Prior year % comparative) AUD $ 000 AUD vs GBP and USD movements during H1 FY19 Actual FX rates Currency 31/12/2018 31/
Slide 7: Financial Performance Summary
About PWR H1 FY19 Overview FINANCIAL PERFORMANCE Financial Performance Business Outlook For personal use only Summary • GBP and AUD revenue growth more than offset decrease in USD sales. • PWR Europe continues to perform with revenue growth of 42% over pcp. Currency conversion of GBP to AUD has also
Slide 8: Balance Sheet
About PWR H1 FY19 Overview BALANCE SHEET Financial Performance Business Outlook December June For personal use only A$000 2018 2018 Key points Assets • Zero net debt and strong cash position. Cash and cash equivalents 6,781 12,110 • Improved working capital management. Trade and other receivables 4,
Slide 9: Working Capital & Cash Flow
About PWR H1 FY19 Overview WORKING CAPITAL & CASH FLOW Financial Performance Business Outlook For personal use only A$'000 H1 FY19 H1 FY18 Key points Trade, other receivables & prepayments 7,576 6,898 • Net operating cashflow up 55% from prior comparative period. Inventories 8,111 7,162 • Improved w
Slide 10: Financing
About PWR H1 FY19 Overview FINANCING Financial Performance Business Outlook For personal use only Facilities available Total Used* Available (AUD $000’s) Multi Currency $10,000 $3,503* $6,498 Asset financing $7,500 - $7,500 Overdraft $750 - $750 Use of Funds Key points Loan drawdown £ 2,000 • Amount
Slide 11: Business Outlook - Overview
About PWR H1 FY19 Overview BUSINESS OUTLOOK - OVERVIEW Financial Performance Business Outlook For personal use only H2 FY19 and FY20 on track for growth • 2 year capital expenditure program largely complete. Awarded $1.095m grant from Queensland Government for purchase of a 3D CT scanner. • Business
Slide 12: Business Outlook - OEM Programs
About PWR H1 FY19 Overview BUSINESS OUTLOOK - OVERVIEW Financial Performance Business Outlook For personal use only OEM programs • Largely driven through C&R where production capacity exists and fully operational. • No significant changes in expected timing or volumes. • Staff recruited and trained,
Slide 13: Thank You
For personal use only 13 Thank You