Pwr Holdings Ltd. · ASX:PWH
Pwr — FY2019 Earnings Presentation
15 slides from Pwr's earnings presentation, Aug 29, 2019
Slide 1: 2019 Annual Results Presentation
PWR HOLDINGS LTD 2019 ANNUAL RESULTS PRESENTATION (?) Ss n —- i) oS —_ o For personal use onl KEES WEEL, CEO STUART SMITH, CFO MANAGING GROWTH
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: Record Result
RECORD RESULT FY19 FY18 Change For personal use only Revenue $65.4m $51.9m 26% EBITDA $21.8m $16.3m 34% NPAT $14.2m $11.0m 29% Underlying NPAT $14.2m $12.1m 17% DPS 11.5 cps 7.3 cps 58% ROE 26.8% 23.7% 13% EPS 14.2 cps 11.00 cps 29% Underlying EPS 14.2 cps 12.11 cps 17% Cash on hand $20.2m $12.1m 67
Slide 4: Snapshot
SNAPSHOT For personal use only 30 June 2019 30 June 2018 Shares on issue 100 million 100 million Market capitalisation $412 million $271 million Directors Teresa Handicott Chairman Non-executive director Cash & deposits $20 million $12 million Jeff Forbes Non-executive director Debt $4 million $1 mi
Slide 5: FY19 Overview
FY19 OVERVIEW For personal use only Another record result • Revenue $65m up 26% on FY18 • EBITDA of $22m up 33% on FY18 (statutory) • NPAT of $14m up 29% on FY18 (statutory) • Sales by currency to pcp - GBP sales up 40% mainly from motorsports, AUD sales up 17%, USD third party sales down 7% due to
Slide 6: Financial Performance
FINANCIAL PERFORMANCE For personal use only A$'000 FY19 FY18 Variance • Organic revenue growth of 21.6% or Revenue 65,411 51,889 26.1% $11.2m : • GBP sales up 40% EBITDA1 21,763 16,336 33.2% • AUD sales up 17% • USD sales down 7% EBITDA margin1 33.3% 31.5% • Organic revenue growth primarily driv
Slide 7: Financial Performance: Consolidated Revenue Bridge
FINANCIAL PERFORMANCE For personal use only Consolidated Revenue Bridge FY18 to FY19 AUD $ 000 Growth Rates FY19 FY18 Change Motorsports $ 43,988 $ 33,850 30% Automotive Aftermarket $ 10,387 $ 9,530 9% Emerging Technologies $ 2,513 $ 2,023 24% OEM $ 6,229 $ 4,027 55% Industrial & Other $ 2,294 $ 2,4
Slide 8: Financial Performance: Summary
FINANCIAL PERFORMANCE For personal use only Summary • PWR Europe continues to excel with 40% organic £ growth over prior period. Currency conversion of GBP to AUD has also been relatively stable. • Decrease in USD revenue mainly due to discontinuation of non core lines in FY18. • C&R sales to third
Slide 9: Balance Sheet
BALANCE SHEET Key points For personal use only June June A$000 2019 2018 • Strong cash position. Assets • Continued improvement in working capital Cash and cash equivalents 20,223 12,110 management with decrease in invested Trade and other receivables 4,689 4,054 working capital supporting a 26% inc
Slide 10: Working Capital & Cash Flow
WORKING CAPITAL & CASH FLOW For personal use only A$'000 FY19 FY18 Key points • Increased revenue (26%) with reduced working Trade, other receivables & prepayments 4,689 4,054 capital invested resulted in improved cash Inventories 7,194 6,785 position. • Operating cashflow up 35% from prior period.
Slide 11: Segment Analysis
SEGMENT ANALYSIS For personal use only PWR C&R Total Key points • FY19 segment revenue 2019 2018 2019 2018 2019 2018 growth 28% at C&R and $’000 $’000 $’000 $’000 $’000 $’000 29% at PWR. Revenue - products 52,070 38,678 12,691 12,679 64,761 51,357 Revenue – services 433 396 217 136 650 532 • Increas
Slide 12: Business Outlook
BUSINESS OUTLOOK For personal use only FY20 and FY21 look positive - managing organic growth efficiently a key focus • 2 year business growth and investment program with additional adjacent facility leased effective 1 July 2019. Investment to be funded from operating cash flows and cash reserves. •
Slide 13: Business Outlook
BUSINESS OUTLOOK For personal use only In addition to continually exploring and investing in new customer solutions, new manufacturing technologies and methodologies are also reviewed and include: Additive manufacturing • Extensive discussions with 3D printer manufacturers has resulted in selection
Slide 14: Macro Outlook
MACRO OUTLOOK For personal use only • Primary market is niche, high end, bespoke motorsport and OEM products which are less price or demand sensitive to general economic conditions. • Primary market categories are expected to continue growing and any changes unlikely to be driven by broad economic f
Slide 15: Managing Growth: Thank You
For personal use only MANAGING GROWTH THANK YOU 15