Maxiparts Limited · ASX:MXI
Maxiparts — Shareholder Meeting (November 2024)
23 slides from Maxiparts's shareholder meeting presentation, Nov 21, 2024
Slide 1: MaxiPARTS Limited 2024 Annual General Meeting
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 21 November 2024 MaxiPARTS Limited 2024 Annual General Meeting Results For personal use only Attached are the Chairman’s Address, Managing Director’s Address and presentation to be delivered at today’s Annual G
Slide 2: Chair's Address
For personal use only CHAIR’S ADDRESS Mary Verschuer
Slide 3: Chair's Address
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 21 November 2024 MaxiPARTS Limited 2024 Annual General Meeting Chair’s Address I’d like to start by acknowledging the traditional owners of the lands on which we are meeting the Wurundjeri people, of the Kulin
Slide 4: Chair's Address (continued)
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au Subsequent to year end we welcomed Brendan York to our board and appreciate the continuing support and interest of NAOS Asset management in our business. With this addition, we have in place a strict protocol t
Slide 5: Board of Directors
Board of Directors For personal use only Mary Verschuer Peter Loimaranta Chair, Non-Executive CEO & Managing Director Gino Butera Debra Stirling Frank Micallef Brendan York Director, Non-Executive Director, Non-Executive Director, Non-Executive Director, Non-Executive
Slide 6: Managing Director's Address
For personal use only MANAGING DIRECTOR’S ADDRESS Peter Loimaranta
Slide 7: Managing Director's Address
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au 21 November 2024 MaxiPARTS Limited 2024 Annual General Meeting Managing Director’s Address FY24 saw the business continue to execute on the strategic agenda that has been in place since we separated from the Tr
Slide 8: Managing Director's Address: key financial metrics
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W maxipartslimited.com.au EBITDA and EBITDA margin results. This has been achieved despite the decline in sales, at lower gross margins, to the previously owned Trailer solutions business. Key financial metrics in FY24 were; • Revenue o
Slide 9: FY24 Highlights
For personal use only FY24 HIGHLIGHTS
Slide 10: Our Progress in FY24
Our Progress in FY24 STRATEGIC ACQUISITIONS MAXIPARTS FÖRCH AUSTRALIA MARKET For personal use only Diversifying and growing revenue 41% growth in higher margin 20% + YOY sales growth Slowdown in demand in H2 FY24 base Japanese Parts program across the east coast Investment in sales team,
Slide 11: Delivering Consistent Growth Over Time
Delivering Consistent Growth Over Time A$m EBITDA Growth EBITDA CAGR growth of 29.8% 14.0 9.6% For personal use only 12.0 9.4% Improvements driven by both acquisitions and organic 10.0 9.2% programs 8.0 9.0% Ongoing focus on margin improvement 6.0 8.8% 4.0 8.6% 2.0 8.4% - 8.2% H2 FY22 H1 FY23
Slide 12: Delivering Revenue and EBITDA Growth
Delivering Revenue and EBITDA Growth Financial Highlights EBITDA Margin of 9.5% For personal use only $243.9M Up 0.3% on FY23 Revenue Operating cash flow of $10.6m Down from $15.1m in FY23 EPS from continuing operations of 10.73 cps Up 20.9% on FY23 Down from 15.53 cps in FY23 EBITDA $23M Net debt o
Slide 13: Outlook
For personal use only OUTLOOK 8
Slide 14: Outlook – consistent with prior communications
Outlook – consistent with prior communications OUR MARKETS OUR FOCUS Demand in the short-term remains inconsistent given the general Continued focus on revenue and margin improvement initiatives from the For personal use only economic uncertainty, however, we do expect this to stabilise and retu
Slide 15: Formal Business
For personal use only Formal Business
Slide 16: Questions
For personal use only Questions
Slide 17: Financial Statements and Reports
Financial Statements and Reports For personal use only To receive and consider the financial report, the director’s report and the auditor’s report for the Company and its controlled entities for the year ended 30 June 2024.
Slide 18: Adoption of the Remuneration Report
Adoption of the Remuneration Report For personal use only That the Company’s Remuneration Report for the year ended 30 June 2024 be adopted. Valid Proxies have been received in respect of this resolution as follows: For Against Proxy’s discretion Abstain 27,900,483 7,085,895 427,684 34,453 78.78% 20
Slide 19: Re-election of Director, Gino Butera
Re-election of Director, Gino Butera For personal use only That Gino Butera, who retires in accordance with the Company’s Constitution and being eligible for election, is re-elected as a Director of the Company. Valid Proxies have been received in respect of this resolution as follows: For Against P
Slide 20: Re-election of Director, Brendan York
Re-election of Director, Brendan York For personal use only That Brendan York, who retires in accordance with the Company’s Constitution and being eligible for election, is re-elected as a Director of the Company. Valid Proxies have been received in respect of this resolution as follows: For Against
Slide 21: Grant of Performance Rights to the Managing Director
Grant of Performance Rights to the Managing Director For personal use only For the purposes of Listing Rule 10.14 to approve the grant of performance rights to Peter Loimaranta, Managing Director and Chief Executive Officer, as described in the Explanatory Memorandum. Valid Proxies have been receive
Slide 22: Approval of Financial Assistance
Approval of Financial Assistance For personal use only That the Financial Assistance Resolution to approve the giving of financial assistance is approved Valid Proxies have been received in respect of this resolution as follows: For Against Proxy’s discretion Abstain 34,433,578 808,137 432,009 57,81
Slide 23: For personal use only
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