Ive Group Ltd. · ASX:IGL
Ive — FY2025 Earnings Presentation
24 slides from Ive's earnings presentation, Aug 26, 2025
Slide 1: FY25 Results
2025 FY25 Results Melbourne Sydney Brisbane Adelaide Perth Tasmania International
Slide 2: Contents
Table of Contents FY25 Results 2 2025 Contents Key highlights 3 Underlying financial performance 4 Customer diversity and longevity 5 Financials 6 Underlying profit and loss 7 Balance sheet 9 Capital expenditure 10 Cash flow and dividends 11 Growth initiatives 12 Third Party Logistics (3PL) 13 Sydne
Slide 3: Key highlights
Key highlights FY25 Results 3 2025 Key highlights Financial performance Operational updates Growth initiatives - strong year Ovato Packaging Key profit metrics up significantly cost synergies fully realised - JacPak revenue capacity committed - NSW expansion in train Strong margin expansion JacPak c
Slide 4: Underlying financial performance
Financial performance FY25 Results 4 2025 Underlying financial performance 1 Strong performance underpinned by margin expansion and continued high operating cash conversion 954.8m 136.7m 49.3% 52.1m 33.7¢ Revenue EBITDA Material gross profit margin (MGM) NPAT EPS (NPAT) $ $ $ ↓1.6% on PCP ↑7.0% on P
Slide 5: Customer diversity and longevity
Customer diversity and longevity FY25 Results 5 2025 Customer diversity and longevity 1 Revenue concentration by customer Revenue Revenuesector analysis product/service penetration Relationship tenure of top 20 customers Top 2-5 Top customer customers % 1 product/service 1 7.9% 15.7% 21.0% 2 Retail
Slide 6: Financials
Financials FY25 Results 6 2025 Financials ivegroup.com.au
Slide 7: Underlying profit and loss
Financials FY25 Results 7 2025 Underlying FY25 $m FY24 $m Variance % profit and loss¹ Revenue Material profit 954.8 471.2 969.9 452.6 (1.6) 4.1 % of revenue 49.3% 46.7% 5.7 Strong profit growth underpinned EBITDA 136.7 127.8 7.0 by MGM expansion and delivery of % of revenue 14.3% 13.2% 8.5 promised
Slide 8: Revenue and Material gross profit margin
Financials FY25 Results 8 2025 Revenue Underlying earnings Revenue down 1.6% to $954.8m EBITDA up 7.0% to $136.7m Base revenue¹ down ~3% relative to EBITDA margin up strongly to 14.3% from pcp, impacted by softer economy and 13.2% pcp uncertainty surrounding the federal EBIT up 15.3% to $92.4m elect
Slide 9: Balance sheet
Financials FY25 Results 9 2025 Balance sheet Gearing well below target - significant debt capacity Cash at bank $50.1m FY25 FY24 Net debt $m $m Net debt decreased to $114.4m, reflecting stable working capital and greatly reduced restructuring costs, partially Loans and borrowings1 164.5 179.8 offset
Slide 10: Capital expenditure
Financials FY25 Results 10 2025 Capital expenditure Packaging capacity build-out underway Capex was $25.0m (net of disposal proceeds), including FY25 FY24 Capital expenditure $18.2m related to the packaging capacity build-out $m $m largely for the purchase of replacement sheet-fed presses also capab
Slide 11: Cash flow and dividends
Financials FY25 Results 11 2025 Cash flow and dividends Operating cash conversion remains strong Operating cash conversion to EBITDA remains strong at 101.9% FY25 FY24 Cash flow and dividends $m $m The high cash conversion reflects stable working capital levels mainly due to continued lower inventor
Slide 12: Growth initiatives
Growth initiatives FY25 Results 12 2025 Growth initiatives ivegroup.com.au
Slide 13: 3PL expansion
Growth initiatives FY25 Results 13 2025 3PL expansion (Dandenong South, Melbourne) Facilitating continued strong growth With the strong growth in IVE’s 3PL operations and the upcoming expiry of 3PL’s main warehouse lease in Braeside, the Group is relocating to a brand new, purpose-built facility in
Slide 14: 3PL expansion benefits
Growth initiatives FY25 Results 14 2025 3PL expansion (Dandenong South, Melbourne) Benefits of the supersite are expected to include: - Additional space for further 3PL expansion; - Dedicated in-house logistics services for JacPak; - Operating efficiencies through the consolidation of two existing B
Slide 15: Sydney supersite
Growth initiatives FY25 Results 15 2025 Kemps Creek Sydney supersite Consolidating multiple sites for operating efficiencies and capacity expansion, consistent with strategy Replicating the success of our Braeside site in Victoria via a 42,000m² supersite in Kemps Creek, Western Sydney Facilitates t
Slide 16: Sustainability
Operational updates FY25 Results 16 2025 Sustainability Our sustainability pillars Progress against strategy In FY25, we made strong progress against the 47 initiatives captured within our 2025 Sustainability Strategy. This Innovative customer People & included strengthening our reporting frameworks
Slide 17: Sustainability progress
Operational updates FY25 Results 17 2025 Sustainability progress Innovative customer People & communities Responsible operations & supply solutions chain Increased female representation in Integrated technology to senior management from 28% to 33% Diverted 92% of solid waste from production calculat
Slide 18: FY26 outlook and guidance
FY26 outlook and guidance FY25 Results 18 2025 FY26 outlook and guidance ivegroup.com.au
Slide 19: FY26 outlook and guidance
FY26 outlook and guidance FY25 Results 19 2025 FY26 outlook and guidance 1 The Group's FY26 underlying NPAT guidance range is Capital expenditure is expected to be ~$42m (net of disposal $50m-$54m which: proceeds) in FY26 reflecting the remaining ~$11.5m packaging capacity build-out (including plann
Slide 20: Appendices
Appendices FY25 Results 20 2025 Appendices ivegroup.com.au
Slide 21: Appendix A
Appendices FY25 Results 21 2025 Appendix A FY25 FY24 Variance FY25 FY24 IFRS Profit and Loss IFRS to underlying NPAT reconciliation $m $m % $m $m Revenue 959.2 972.8 (1.4) IFRS NPAT 46.7 27.6 Material profit 473.8 454.5 4.2 Lasoo 6.2 5.8 % of revenue 49.4% 46.7% 5.8 Restructure costs 3.0 13.1 EBITDA
Slide 22: Appendix B
Appendices FY25 Results 22 2025 Appendix B IVE Group Limited Balance Sheet Current Assets Cash and cash equivalents FY25 $m 50.1 FY24 $m 48.8 Trade receivables, prepayments and other 141.2 147.4 Inventories 79.2 80.4 Total Current Assets 270.5 276.6 Non-Current Assets Deferred tax assets 18.9 15.5 P
Slide 23: Disclaimer
Appendices FY25 Results 23 2025 Disclaimer Disclaimer Forward-looking statements Jurisdiction No recommendation, offer, invitation or advice The information in this presentation is for general information only. To the extent that This presentation does not constitute an offer to issue or sell, or so
Slide 24: Matt Aitken Darren Dunkley Tony Jackson
Matt Aitken Darren Dunkley Tony Jackson Managing Director Chief Financial Officer Investor Relations Matt.Aitken@ivegroup.com.au Darren.Dunkley@ivegroup.com.au Tony.Jackson@ivegroup.com.au +61 413 740 774 +61 425 228 204 +61 410 499 043 ivegroup.com.au