Siv Capital Limited · ASX:SIV
Siv Capital — Silver Chef — Shareholder Meeting (October 2017)
15 slides from Siv Capital's shareholder meeting presentation, Oct 26, 2017
Slide 1: 2017 Annual General Meeting - CEO Operational Presentation
2017 ANNUAL GENERAL MEETING Chief Executive Officer Operational Presentation SILVER CHEF LIMITED
Slide 2: Disclaimer
1986 2005 2008 2011 2013 2016 Silver Chef established by Silver Chef Launched Silver Chef Silver Chef Silver Chef Non-Executive Chairman listed GoGetta in New Zealand Canada 30 Year Allan English on ASX Australia established established Anniversary DISCLAIMER Silver Chef Limited has not considered t
Slide 3: FY17 Results Summary
FY17 RESULTS SUMMARY PERFORMANCE HIGHLIGHTS KEY FINANCIAL STATISTICS Net profit after tax of $20.2 million – strong second half performance of $15.6 million and includes one-off provision for FY2017 FY2016 Change (YoY) fraud of $2.3 million Consistent strong performance from the Hospitality business
Slide 4: Hospitality Performance
HOSPITALITY PERFORMANCE COST VALUE OF RENTAL ASSETS AND LEASE RECEIVABLES PORTFOLIO CONCENTRATION Cost Value of Silver Chef Rental Assets Silver Chef Lease Receivables Current Value 77.2% - < $15k Silver Chef Advantage 10.6% - $15k - $25k 450 400 77.2% 7.4% - $25k - $50k of contracts 350 48.1 below
Slide 5: GoGetta Performance
GOGETTA PERFORMANCE COST VALUE OF RENTAL ASSETS AND LEASE RECEIVABLES PORTFOLIO CONCENTRATION 37.6% - < $15k Cost Value of GoGetta Rental Assets GoGetta Lease Receivables Current Value 300 27.8% - $15k - $25k 65.4% 21.6% - $25k - $50k 250 27.2 of contracts 21.4 under $25k 10.3% - $50k - $100k 200 2.
Slide 6: Credit and Residual Asset Risk
CREDIT AND RESIDUAL ASSET RISK HOSPITALITY BAD DEBTS AND IMPAIRMENT LOSS GOGETTA BAD DEBTS AND IMPAIRMENT LOSS 3.5% 3.1% 7.0% 6.2% 2.9% 3.0% 6.0% 2.5% 4.9% 6.1% 2.5% 5.0% 3.5% 3.7% 3.6% 2.0% 1.6% 4.0% 2.1% 1.3% 1.4% 1.5% 1.2% 3.0% 2.9% 1.0% 0.6% 1.2% 2.0% 0.6% 0.9% 0.5% 1.0% 0.6% 0.0% 0.0% FY13 FY14
Slide 7: Delivering Long-Term Growth
DELIVERING LONG-TERM GROWTH Going deep – channel focus SILVER CHEF GROUP Asset optimisation - maximising returns Leveraging technology Purpose and culture International expansion 7
Slide 8: Going Deep - Channel Focus
GOING DEEP CHANNEL FOCUS HOSPITALITY • Focus on Hospitality with the Silver Chef brand • In depth understanding of customer, dealer and asset • Unlock profit pools such as franchise, coffee, pubs and clubs, developers and aged care - key to delivering continued growth GOGETTA • Focus on Transport an
Slide 9: Asset Optimisation - Maximising Returns
ASSET OPTIMISATION MAXIMISING RETURNS • Continued focus both internally and with partners to increase the average contract duration and decrease asset return risk • Growing Silver Chef Certified Used and GoGetta Work Ready brands and distribution channels to minimise cycle times and maximise realisa
Slide 10: Leveraging Technology - Driving Speed & Ease
LEVERAGING TECHNOLOGY DRIVING SPEED & EASE Customer • Streamline customer applications with instant customer verification • Implementation of Company integrated application management portal for dealers and brokers INSTANT APPROVAL • Automation of contract documentation upon customer approval • Comp
Slide 11: International Expansion
INTERNATIONAL EXPANSION DELIVERING LONG TERM GROWTH • The Silver Chef brand continues to achieve significant expansion overseas • Evolution of the NZ business has led to a record breaking year with new acquisitions increasing 51% • The North American strategy remains positive - Canada had another re
Slide 12: Purpose and Culture
PURPOSE AND CULTURE B-CORP HELPING PEOPLE ACHIEVE THEIR DREAMS • A global purpose of helping people to achieve their dreams enables INCREASED ENGAGED AND Silver Chef to attract, engage and retain employees PROFITS HAPPY STAFF • Purpose, culture and values are at the centre of everything we do and dr
Slide 13: We Are a B Corp Organisation
WE ARE A “B CORP” ORGANISATION Silver Chef became a Certified B Corporation in June 2015. The B Corporation certification is a validation of Silver Chef’s commitment to social and environmental responsibility B Corporations are an emerging group of companies that are using the power of business to c
Slide 14: Strategy and Outlook
STRATEGY AND OUTLOOK Maintain key relationships within domestic hospitality sector and continue to deliver above industry growth rates Continue international expansion in Canada with a focus on establishing our presence in the Eastern Provinces Focus on improved financial returns on capital invested
Slide 15: Company Directory
COMPANY DIRECTORY COMPANY SECRETARY SHARE REGISTER SECURITIES EXCHANGE OTHER INFORMATION Don Mackenzie Boardroom Pty Limited The Company is listed on the Australian Silver Chef Limited, incorporated and GPO Box 3993 Securities Exchange (SIV.AX). domiciled in Australia, is a publicly listed Sydney NS