Slide 1: FY24 Results
For personal use only FY24 RESULTS 28 August 2024 This announcement has been authorised for release to the ASX by the CTI Logistics Limited Board of Directors ASX: CLX
Slide 2: Disclaimer
DISCLAIMER Read this presentation with the financial statements: This presentation contains general and background information about CTI Logistics Limited (CTI, the Company), which is current as at the date of the presentation and should not be considered comprehensive or complete or to comprise all
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS Performance Capital Allocation Positioned to Execute Revenue growth Dividend growth For personal use only Low gearing(1) 6.3% 5% 19% $321.2m (10.5cps) EBITDA growth Capital Property value 4.7% Investment $136m $55.9m $25.4m ($1.70/share) CTI Logistics Limited Full Year Results 3
Slide 4: Corporate Overview
CORPORATE OVERVIEW Building a diversified national transport and logistics company 2% About CTI Logistics (ASX:CLX) CTI Logistics (CTI) is a growing and diversified CTI LOGISTICS PROPERTY For personal use only company focussed on transport and logistics 37% services across Australia and supported by
Slide 5: Investment Case
INVESTMENT CASE Driving value through national scale, diversification and consistent returns HISTORY OF EXECUTION FUTURE OPPORTUNITY For personal use only Consistent performance Consolidating freight industry Strong 3-year Compound Annual Growth Rates (CAGR) Assessing a pipeline of opportunities
Slide 6: Group Performance
GROUP PERFORMANCE Strong revenue growth, targeted investments and increasing shareholder returns Revenue ($m) EBITDA ($m)(1) Revenue: Strong growth across the year, both in transport and 321.2 55.9 302.0 53.4 logistics segments 283.2 50.0 For personal use only 239.0 EBITDA: Maintaining resilient
Slide 7: Transport Segment Performance
TRANSPORT SEGMENT PERFORMANCE Customer diversity, network development and an upgraded fleet supports future earnings Transport Overview For personal use only Transport Customers are using multiple CTI services (integrated network) Significant investment in new vehicles reducing fleet age, transl
Slide 8: Logistics Segment Performance
LOGISTICS SEGMENT PERFORMANCE Strong demand, loyal customer base and integrated supply chains driving capacity expansions Logistics Overview For personal use only Logistics Strong demand partly offset by rising property costs National capacity expansion on the East Coast will benefit future earn
Slide 9: Strong Balance Sheet
STRONG BALANCE SHEET Capital investment majority funded by cash flow, maintaining low gearing and available credit facilities Strong cash generation and working capital management For personal use only Operating cash flow: $22.6m (net of lease repayments(1)) 28.5 Receivables: Only 0.09% of rev
Slide 10: Property Total Footprint
Warehousing Space For personal use only Owned 59,700 Leased 187,000 Total = 246,700 sqm PROPERTY TOTAL Footprint Hardstand Space National Operating Footprint Owned & Leased Owned 89,800 Leased 162,500 Total = 252,300 sqm 533,500 sqm Building in progress Owned 34,500 sqm CTI Logistics Limited Full Ye
Slide 11: New Leased Sites for GMK (National Flooring Logistics)
NEW LEASED SITES FOR GMK (NATIONAL FLOORING LOGISTICS) Expanding capacity on the East Coast to accommodate growth Yatala QLD completed Sep 2023: Strategically located between Brisbane and Gold Coast For personal use only Exposure to population growth and Olympics in 2032 Consolidated two GMK s
Slide 12: Staged Property Development Realising Significant Value
STAGED PROPERTY DEVELOPMENT REALISING SIGNIFICANT VALUE Owner-occupied Hazelmere WA site nearing final completion PREMIUM LOCATION – QUALITY BUILD For personal use only Stage 1 - Initial site 1 - CTI Warehousing Site 55,570 sqm; Building27,850 sqm 3 - CTI Phased development (2012 and 2016) Devel
Slide 13: Significant Unrecognised Property Value
SIGNIFICANT UNRECOGNISED PROPERTY VALUE Strong balance sheet provides a platform for the next phase of growth NTA/share Owned property For personal use only at valuation ($136m)(1) 1.70 Significant uplift in property value: NTA/share Property assets recorded at cost on the balance sheet, Owned pro
Slide 14: Pathway to Growth
PATHWAY TO GROWTH Strategic property portfolio provides funding options STRONG PROPERTY RETURNS THE OPPORTUNITY For personal use only Property investments and inhouse development have generated Australia’s population, regional development and the significant returns through capital appreciation an
Slide 15: Outlook
OUTLOOK Well positioned to capture growth opportunities across Australia OPERATIONS – Best practice After a period of property development and fleet upgrades, capital expenditure is expected to return to sustaining levels For personal use only Capitalise on increasing supply base demand for mini
Slide 16: Appendices
For personal use only APPENDICIES CTI Logistics Limited Full Year Results 30 June 2024| 16
Slide 17: Owned Property Portfolio
OWNED PROPERTY PORTFOLIO OWNER-OCCUPIED SITES: OWNED DEVELOPMENT SITE: • CTI Warehousing: 316 Bushmead Rd, Hazelmere WA • 17 Lakes Rd, Hazelmere, WA For personal use only • Premium location and building, staged completion between 2012 - 2016 • Located adjacent to Regional Freight site at 31 Lakes Rd
Slide 18: Transport Services
TRANSPORT SERVICES Couriers On-demand express metro and outer metro services For personal use only Parcels Same day and overnight distribution, e-commerce “last mile” Taxi Trucks On demand express services and hourly hire services; vehicles include two tonne to semi-trailers Fleet Management
Slide 19: Logistics Services
LOGISTICS SERVICES National Australia-wide 3PL, 4PL, supply chain Cross docking Warehousing Contracted distribution centre services Temperature controlled and food For personal use only Bulk product storage grade (HCCAP) storage Consolidation services E-commerce Rapid distribution Pi
Slide 20: Other Services
OTHER SERVICES For personal use only Information Document and Sample Storage Destruction Management Secure storage On-site destruction of Cataloguing and document retrieval documents/media and recycling Computer media and mineral samples Closed loop service utilising CTI transport and ware