Big River Industries Ltd. · ASX:BRI
Big River Industries — Investor Presentation (August 2025)
23 slides from Big River Industries's investor presentation, Aug 26, 2025
Slide 1: FY25 Results
FY25 REPLACE IMAGE RESULTS John Lorente CEO & Managing Director John O’Connor CFO 26 August 2025 1 Big River Industries Ltd (ASX:BRI)
Slide 2: FY25 Highlights
FY25 Highlights Operational Discipline Strengthens Platform for Growth Revenue Gross Profit Margin Underlying2 EBITDA $405.1m 26.2% $28.7m 2.3% yoy decline (-6.6% LFL1) reflects 20bps yoy increase reflects ongoing 11.9% yoy decline reflects revenue and challenging market conditions pricing disciplin
Slide 3: Overview
Overview Big River is well diversified across geographies, end markets, and suppliers 24 17 Total Sites Distribution Sites 3 4 Frame & Truss Plywood/Panel Prefabrication Plants Manufacturing Plants Revenue Diversification Supply End Markets Regions Chains Detached Housing QLD Multi-residential VIC M
Slide 4: Divisions
Divisions Leading Australian manufacturer and distributor of timber and building products Construction Panels Products include frame & truss systems, fibre cement & Products include tailored timber interior solutions AAC exterior cladding, doors & mouldings, timber flooring comprising wall & ceiling
Slide 5: Divisional Performance
Divisional Performance While challenging conditions persisted in FY25, 2H25 was marked by operational improvements Revenue EBITDA EBITDA margin % % A$m FY25 FY24 FY25 FY24 FY25 FY24 Change Change Construction 275.4 291.1 (5.4%) 23.2 24.2 (3.9%) 8.4% 8.3% Panels 129.7 123.6 5.0% 13.5 15.5 (12.9%) 10.
Slide 6: Market & Business Update
Market & Business Update 6
Slide 7: Macroeconomic Drivers
Macroeconomic Drivers Signs work pipeline may be normalising, with key forward indicators skewing positive Dwellings: Approved, Under Construction, and Completed Latest ABS data Actual housing completions have remained comparatively subdued for some time, with various delays & bottlenecks seeing the
Slide 8: Strategic Priorities
Strategic Priorities Grow Today, Build For The Future People Growth Synergies Efficiency Brand Markets Operational Internal Customer-Focused Growth Team & Supplier Improvements System & Process to drive sales & margin uplift to drive synergies & Enhancements efficiencies to drive scale benefits - Ta
Slide 9: Financials
Financials 9
Slide 10: Operating expense improvements achieved in 2H despite inflationary environment
P&L Operating expense improvements achieved in 2H despite inflationary environment A$m FY25 FY24 % Change Comments Revenue 405.1 414.7 (2.3%) Revenue decline due to challenging market conditions, albeit Gross Profit 106.2 108.0 (1.6%) rate of decline slowed from -3.3% in 1H25 to -1.2% in 2H2
Slide 11: Profitability Waterfall
Profitability Waterfall Operating expenses been rebased lower on the success of targeted cost control programs EBITDA Bridge EBITDA Bridge ($m) Revenue Gross Margin Like for like revenue decline, Gross margin expansion of on soft market dynamics, 20bps on strong pricing largest contributor to EBITDA
Slide 12: Balance Sheet
Balance Sheet A$m 30 June 2025 30 June 2024 Comments Cash 22.8 20.5 Strong balance sheet supports Trade and other receivables 53.4 56.0 growth strategy. Inventories 72.6 72.5 Income tax receivable - 0.4 Continued strong financial Fixed assets 24.6 25.2 disciplines in working capital Ri
Slide 13: Cash Flow
Cash Flow A$m FY25 FY24 Comments Receipt from customers 448.3 460.6 Operating Cashflow of $28.7m Payment to suppliers and employees (419.6) (428.6) equates to cash conversion of Operating cash flow before interest and tax 28.7 32.0 100.1%, reflecting continued strong Interest paid (net) (3
Slide 14: Capital Management
Capital Management A$m 30 June 2025 30 June 2024 Comments Total borrowing facility¹ 80.9 80.9 Extension of existing banking Facility drawn 48.3 48.1 facility agreed with NAB in August Utilisation ratio 59.7% 59.5% 2025. Cash 22.8 20.5 Net Working Capital to Revenue of Net debt (Facility
Slide 15: Opportunity & Outlook
Opportunity & Outlook 15
Slide 16: Investment Highlights
Investment Highlights Big River is well placed to execute against a significant opportunity set in fragmented markets Market Position Strong Financial Profile Established Footprint Focus on trades & building professionals Significant investment optionality on: 25 sites covering all major Australian
Slide 17: Outlook
Outlook While market conditions remain challenging, Big River is well positioned to grow Residential market activity: Key priorities for FY26 include: Remains soft in early FY26, however early indicators suggest a • Growing market share in key differentiated segments; modest recovery is likely to em
Slide 18: Appendices
Appendices 18
Slide 19: Profitability – Historical
Profitability – Historical A$m FY21 FY22 FY23 FY24 FY25 Revenue 281.4 409.3 449.5 414.7 405.1 EBITDA Construction 16.1 31.9 39.3 24.2 23.2 Panels 10.6 21.4 19.2 15.5 13.5 Corporate costs (4.8) (6.2) (7.6) (7.1) (8.0) EBITDA 21.9 47.1 50.9 32.6 28.7 Depreciation (8.8) (10.8) (11.4) (13.0) (14.5) Am
Slide 20: Cash Flow – Historical
Cash Flow – Historical A$m FY21 FY22 FY23 FY24 FY25 Underlying EBITDA 21.9 47.1 50.9 32.6 28.7 Working capital changes & other items (3.3) (4.6) 6.7 (0.6) 0.0 Operating cash flow before interest & tax 18.6 42.5 57.6 32.0 28.7 Interest paid (net) (1.7) (2.4) (3.1) (3.3) (3.3) Income tax paid (2.7) (
Slide 21: Capital Management – Historical
Capital Management – Historical A$m FY21 FY22 FY23 FY24 FY25 Overdraft and trade finance 1.4 2.5 2.6 - - Bank bills 26.0 36.0 41.0 46.0 46.0 Equipment finance liability 2.2 2.5 1.9 2.1 2.3 Less: Cash (7.8) (19.8) (34.3) (20.5) (22.8) Net Debt 21.8 21.2 11.2 27.6 25.5 Equity 94.7 112.4 120.7 119.2 1
Slide 22: Historical Performance
Historical Performance Revenue ($m) Underlying EBITDA ($m) Underlying NPAT ($m) 449.5 21.6 22.6 409.3 414.7 405.1 50.9 47.1 281.4 32.6 28.7 21.9 8.4 7.2 4.3 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Cash Conversion Gearing ROFE 113% 28% 100% 26% 98% 20% 85% 90% 19% 1
Slide 23: Disclaimer
Disclaimer This presentation is dated 26 August 2025. Big River Industries Limited (the “Company”) advises that the information contained in this presentation is intended to be general background information about the Company’s activities as at the date of this presentation. It is information given
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