Wagners Holding Co. Ltd. · ASX:WGN
Wagners — H1 FY2022 Earnings Presentation
19 slides from Wagners's earnings presentation, Feb 23, 2022
Slide 1: ASX cover letter: Investor Presentation for Half Year ending 31 December 2021
►CONSTRUCTION MATERIALS HEAD OFFICE: ►TRANSPORT SERVICES 11 BALLERA COURT ►CEMENT, FLYASH & LIME 1511 TOOWOOMBA CECIL PLAINS ROAD ►PRECAST CONCRETE WELLCAMP QLD 4350 ►REINFORCING STEEL ►COMPOSITE FIBRE TECHNOLOGIES POSTAL ADDRESS: ►EARTH FRIENDLY CONCRETE PO BOX 151 DRAYTON NORTH QLD 4350 INT. PREFI
Slide 2: 1H FY22 Investor Presentation
1H FY22 INVESTOR PRESENTATION Broome Jetty, WA Constructed using Wagners FEBRUARY 2022 CFT Products
Slide 3: Disclaimer
DISCLAIMER The material contained in this presentation is a summary of Wagners Holding Company Limited's (Wagners) activities and results, current at the date of preparation, 22 February 2022. The information in this presentation is in summary form only, general in natureand does not purport to be c
Slide 4: 1H FY22 Summary
1H FY 2022 SUMMARY REVENUE Revenue Growth of 10.6%, 1H21 $172.2m OPERATING EBIT EBIT growth 8.2%, 1H21 $12.6M NET PROFIT Net Profit growth of 236%, 1H21 $4.7M Wagners Head Office, Queensland 3
Slide 5: Financial Performance
FINANCIAL PERFORMANCE Coolum Concrete Plant, Queensland 4
Slide 6: 1H FY22 Results
1H FY22 RESULTS ($m) 1H FY22 1H FY21 Change 2H FY21 Change 1H FY22 v 1H FY21 Total Revenue 172.2 155.7 16.5 167.1 5.1 ➢ Revenue increases due to sales Gross Profit 94.9 88.1 6.8 98.8 -3.9 growth in cement, concrete, steel and precast 55% 57% -1% 59% -4% Operating Costs 70.6 65.5 5.1 72.4 -1.8 1H FY2
Slide 7: Segment Results
1H FY22 SEGMENT RESULTS ($m) CMS CFT EFC 1H FY22 1H FY21 2H FY21 1H FY22 1H FY21 2H FY21 1H FY22 1H FY21 2H FY21 Total Revenue 153.2 139.2 150.6 18.5 16.1 15.5 0.1 0.1 0.2 EBIT 18.6 14.8 18.6 0.4 2.2 0.4 -1.9 -0.8 -1.2 EBIT Margin 12.1% 10.6% 12.3% 2.0% 13.9% 2.9% n/a n/a n/a ➢ 3 operating businesse
Slide 8: Segment Results: Construction Materials and Services
1H FY22 SEGMENT RESULTS CONSTRUCTION MATERIALS AND SERVICES 155.0 20.0 18.0 150.0 16.0 14.0 Total Revenue 145.0 12.0 EBIT 10.0 140.0 8.0 6.0 135.0 4.0 2.0 130.0 0.0 1H FY21 2H FY21 1H FY22 EBIT Total Revenue ➢ Business has grown revenue, earnings and margin compared to 1H FY21, ➢ Earnings maintained
Slide 9: Segment Results: Composite Fibre Technologies
1H FY22 SEGMENT RESULTS COMPOSITE FIBRE TECHNOLOGIES CFT USA 19.0 2.5 1,500 18.5 18.0 2.0 1,000 17.5 17.0 Total Revenue 1.5 500 $ 000's 16.5 EBIT 16.0 1.0 0 15.5 15.0 14.5 0.5 -500 14.0 13.5 0.0 -1,000 1H FY21 2H FY21 1H FY22 1H FY19 2H FY19 1H FY20 2H FY20 1H FY21 2H FY21 1H FY22 EBIT Total Revenue
Slide 10: Segment Results: EFC Low Carbon Technologies
1H FY22 SEGMENT RESULTS EFC LOW CARBON TECHNOLOGIES 0.5 0.0 -0.5 $m -1.0 -1.5 -2.0 1H FY21 2H FY21 1H FY22 EBIT Total Revenue ➢ Increased research and development and international business expansion costs ➢ Investment in people including the appointment of a dedicated CEO ➢ Continued successful tri
Slide 11: Cashflow and Net Debt
1H FY22 CASHFLOW ($m) 1H FY22 1H FY21 Change 2H FY21 Change ➢ Decrease in cash flow due to: EBITDA 22.5 21.8 0.6 26.5 -4.0 Changes in working capital -10.3 13.8 -24.1 6.4 -16.7 ➢ Increase in working capital Cash flow from operations 12.2 35.6 -23.5 32.9 -20.7 mainly inventory, due to expected delays
Slide 12: CFT Summary: Australia & New Zealand
1H FY22 CFT SUMMARY COMPOSITE FIBRE TECHNOLOGIES – AUSTRALIA & NEW ZEALAND ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ 11 Composites manufacturing facility, Toowoomba
Slide 13: CFT Summary: International
1H FY22 CFT SUMMARY C O M P O S I T E F I B R E T E C H N O L O G I E S – I N T E R N AT I O N A L ➢ ➢ ➢ ➢ ➢ ➢ CFT USA 1,500 1,000 500 $ 000's 0 -500 -1,000 1H FY19 2H FY19 1H FY20 2H FY20 1H FY21 2H FY21 1H FY22 EBIT Revenue 12 Wagners US Manufacturing Facility, Cresson, Texas
Slide 14: FY22 CFT Outlook
FY22 CFT OUTLOOK COMPOSITE FIBRE TECHNOLOGIES ➢ ➢ ➢ ➢ ➢ ➢ 13 CFT Fishing Platform, Cooktown, QLD
Slide 15: EFC Summary
1H FY22 EFC SUMMARY E A R T H F R I E N D LY C O N C R E T E ® ➢ ➢ ➢ ➢ ➢ Road Bridge in Kyogle NSW using EFC 14 EFC pipes produced in Germany
Slide 16: FY22 EFC Outlook
FY22 EFC OUTLOOK E A R T H F R I E N D LY C O N C R E T E ® ➢ ➢ ➢ ➢ ➢ EFC pour at a warehouse, Brisbane 15
Slide 17: Summary: Construction Materials and Services
1H FY22 SUMMARY C O N S T R U C T I O N M AT E R I A L S A N D S E R V I C E S ➢ ➢ ➢ ➢ ➢ ➢ ➢ CONSTRUCTION MATERIALS AND SERVICES 155.0 20.0 18.0 150.0 16.0 14.0 Total Revenue 145.0 12.0 EBIT 10.0 140.0 8.0 6.0 135.0 4.0 2.0 130.0 0.0 1H FY21 2H FY21 1H FY22 EBIT Total Revenue 16 Wagners Cement Plant
Slide 18: FY22 Outlook: Construction Materials and Services
FY22 OUTLOOK C O N S T R U C T I O N M AT E R I A L S AND SERVICES ➢ ➢ ➢ ➢ ➢ ➢ Toowoomba Concrete Batch Plant, QLD 17
Slide 19: Snapper Street Board Walk
Snapper Street Board Walk, Minjerribah, QLD Constructed using Wagners CFT products 18