Slide 1: 2024 Full Year Results Investor Presentation
iphltd.com.au 2024 Full Year Results Investor Presentation Full year ended 30 June 2024 22 August 2024 Presented by: Dr. Andrew Blattman Managing Director & CEO, IPH Limited John Wadley Chief Financial Officer, IPH Limited
Slide 2: Disclaimer
2024 Full Year Results Investor Presentation iphltd.com.au 2 Disclaimer This document has been prepared by IPH Limited (IPH) and comprises written materials/slides for a presentation concerning IPH. This presentation is for information purposes only and does not constitute or form part of any offer
Slide 3: Contents
2024 Full Year Results Investor Presentation iphltd.com.au 3 FY24 year in review 5 01 FY24 financial results 7 Contents 02 03 Market update Delivering on our strategy 18 24 04 Looking ahead to FY25 27 05 Appendix 31
Slide 4: About the IPH Group
iphltd.com.au 4 About the IPH Group IPH coverage A leading international IPH offices IP services group Primary IP markets Secondary IP markets No.1 Patent group in Australia, Canada, New Zealand and Singapore 1 Trade mark group in Australia, Canada and New Zealand2 26 IP jurisdictions 1,600+ Employe
Slide 5: FY24 Year in Review
2024 Full Year Results Investor Presentation FY24 year in r eview FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 5 FY24 Year in Review Investment in global platform delivering growth 15.0% Underlying EBITDA 1 Return to growth in ANZ $195.
Slide 6: Significant progress made in FY24
2024 Full Year Results Investor Presentation FY24 year in r eview FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 6 Significant progress made in FY24 Leveraging our strengths to build the leading IP services group in secondary IP markets S
Slide 7: FY24 financial results
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 7 FY24 financial results
Slide 8: Financial overview
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 8 Financial overview Organic growth in ANZ supported by Canadian organic and acquisitive growth 22.9% 8.6% Revenue1 Final Divi
Slide 9: 5-year financial performance
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 9 5-year financial performance Underlying Revenue $’m Underlying EBITDA $’m1 Underlying EPS and DPS 609.9 - 195.5 50 100% 91.3
Slide 10: Like-for-Like earnings
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 10 Like-for-Like earnings Continuing solid performance in ANZ and Canada; improvement in Asia compared with the first half Aus
Slide 11: Underlying Results
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 11 Underlying Results Adjustments reflecting acquisitions activity FY24 FY24 Statutory EBITDA 175.7 Adjustments Statutory Unde
Slide 12: Cash flow statement
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 12 Cash flow statement High cash conversion of 107%, back in line with prior track record > Cash conversion is calculated to m
Slide 13: Balance sheet
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 13 Balance sheet Strong balance sheet continues to support growth #039;m 30 Jun 2024 30 Jun 2023 Cash and cash equivalents 75.5 1
Slide 14: Free Cash Flows support deleveraging and sustainable dividends
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 14 Free Cash Flows support deleveraging and sustainable dividends Leverage ratio brought below 2 times > In FY24 dividends dec
Slide 15: Capital Allocation Framework
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 15 Capital Allocation Framework Disciplined capital allocation framework that supports IPH’s objective to be the global leader
Slide 16: Return on Invested Capital (ROIC)
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 16 Return on Invested Capital (ROIC) Return on Investment Capital (ROIC) has been introduced as a "gateway" to the Group's Lon
Slide 17: Foreign currency sensitivity
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 17 Foreign currency sensitivity Earnings currency Balance sheet sensitivity FY24 FY24 sensitivity > The Group’s balance sheet
Slide 18: Market update
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 18 Market update
Slide 19: Patent market – Australia
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 19 Patent market – Australia Marginal decline in overall market influenced by the US prior PCT filings Australian patent filin
Slide 20: Patent market – Australia
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 20 Patent market – Australia IPH closing the gap to market whilst maintaining margin growth 33.6% 32.7% > IPH continues to clo
Slide 21: Patent market – Singapore
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 21 Patent market – Singapore IPH tracks broadly in line with market 16,000 Singapore patent 30.0% IPH Group market share2 14,3
Slide 22: IPH patent filings – Asia
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 22 IPH patent filings – Asia1 Lower filings across Asia consistent with Singapore market decline 1200 > Patent filings in Asia
Slide 23: Focus on Asia
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 23 Focus on Asia Despite short-term disruptions, fundamentals in Asia remain strong Innovation Ecosystems: Historical Trends L
Slide 24: Delivering on our strategy
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 24 Delivering on our strategy
Slide 25: Operating as a global business
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 25 Operating as a global business Investment in Regional Operating Model and increased corporate capability to drive efficienc
Slide 26: Our strengthened commitment to sustainability
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 26 Our strengthened commitment to sustainability Continuing to progress our sustainability journey, including working towards
Slide 27: Looking ahead to FY25
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 27 Looking ahead to FY25
Slide 28: Priorities for FY25
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 28 Priorities for FY25 Leveraging our strengths to build the leading IP services group in secondary IP markets Continued focus
Slide 29: Combined power, smarter working, enabling growth.
2024 Full Year Results Investor Presentation iphltd.com.au 29 Combined power, smarter working, enabling growth. Q&A
Slide 30: Thank you
2024 Full Year Results Investor Presentation iphltd.com.au 30 Thank you Combined power, smarter working, enabling growth.
Slide 31: Appendix
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 31 Appendix
Slide 32: Like-for-Like earnings
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 32 Like-for-Like earnings Solid growth in ANZ and Canada, improvement in Asia compared with first half Underlying New Accounti
Slide 33: Underlying results
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 33 Underlying results FY24 Statutory Underlying FY23 Statutory Underlying Adjustments Adjustments Income Statement Earnings FY
Slide 34: Supplementary information
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 34 Supplementary information Items below EBITDA The table below details components included in Profit before Tax not included
Slide 35: US PCT applications
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 35 US PCT applications Recovery seen in CY24 US PCT filings with a view to an improved pipeline in secondary markets in 2H CY2
Slide 36: PCT filings
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 36 PCT filings Primary market reflection of steady long-term filing patterns CAGR 15 Yr (CY08 to CY23) = 0.2% CAGR 15 Yr (CY08
Slide 37: Patent lifecycle
2024 Full Year Results Investor Presentation FY24 year in review FY24 financial results Market update Delivering on our strategy Looking ahead to FY25 Appendix iphltd.com.au 37 Patent lifecycle Long-life cycle supports consistent revenues and earnings Each year more than half+ of the total patent ap