Ntaw Holdings Limited. · ASX:NTD
Ntaw — H1 FY2025 Earnings Presentation
20 slides from Ntaw's earnings presentation, Feb 27, 2025
Slide 1: Financial Results Half-year ended 31 December 2024
For personal use only Financial Results Half-year ended 31 December 2024
Slide 2: Contents
Contents For personal use only Item Page 1H25 Summary 3 Business Update 6 Financial Results 12 Outlook 18 Important Information and Disclaimer 20 2
Slide 3: 1H25 Summary
For personal use only 1H25 Summary 3
Slide 4: Executive Summary
Executive Summary The Company is focused on improving its financial performance ▪ The Company operates in various segments of the tyre industry (see page 8). The poor financial performance in 1H25 largely reflects results from National For personal use only Tyre & Wheel (“NTAW”) (Australian wholesal
Slide 5: Financial Summary
Financial Summary Profits down - demand for Dunlop and commercial retail tyres below expectations ▪ Steady 1H25 revenue of $262.5 million (1H24 $264.3 million). Financial Highlights 1H25 1H24 For personal use only Gross profit margin 28.9% 31.2% ▪ Gross margin was at 28.9% in 1H25 (31.2% in 1H24) –
Slide 6: Business Update
For personal use only Business Update 6
Slide 7: NTAW Group
NTAW Group Large scale, diversified importer and distributor of tyres and wheels For personal use only NTAW Holdings Group is a large tyre and wheel importer in Australia and New Zealand. The Group has over 800 employees serving more than 3,500 B2B customers, going further to help them win in a high
Slide 8: Renowned Business Brands
Renowned Business Brands Focusing on winnable segments of a $5.5 billion industry For personal use only ▪ Established customer base ▪ Experienced personnel ▪ Marketing sales and logistics platform ▪ Exclusive core suppliers Passenger, SUV, 4WD, Light Truck, Passenger, SUV, 4WD, Light Truck, Industry
Slide 9: Large Scale, Diversified Business
Large Scale, Diversified Business Platform for enhancing customer experiences For personal use only 1H25 Channel Revenue Segments 1H25 Geographic Revenue Segments NTAW Distribution Centre in Brisbane NTAW Distribution Centre in Melbourne 9
Slide 10: 2H25 Priorities
2H25 Priorities Back to basics, reduce costs and debt, leverage the Group’s core assets For personal use only ▪ Reduce debt – reduce inventory (including Dunlop). Group ▪ Ensure smooth transition for new management teams – new CEO’s for NTAW Holdings, NTAW and Black Rubber. ▪ Aggressive cost reducti
Slide 11: Senior Leadership Changes
Senior Leadership Changes The following key senior management changes occurred in 1H25: For personal use only ▪ Mr Warwick Hay become Chief Operating Officer of NTAW Holdings in September 2024 and was appointed as CEO with effect from 1 January 2025. ▪ Mr Hay is the former CEO of ASX listed IVE Grou
Slide 12: Financial Results
For personal use only Financial Results 12
Slide 13: Results Summary
Results Summary NTAW reported revenue of $262.5 million, Operating NPATA loss of $0.7 million (excl impairment loss) $'000 1H25 1H24 Comments Sales revenue 262,469 264,309 Lower volume sales in NTAW and commercial retail, price discounting For personal use only Cost of goods sold (186,676) (181,909)
Slide 14: Operating EBITDAI Bridge
Operating EBITDAI Bridge Revenue and margins below expectations in commercial retail and Australian wholesale For personal use only Operating EBITDAI: 1H24 - 1H25 Notes: Increase Decrease Total 1. Sales volume impact includes the effect of gains 25,000 from Dunlop sales less lost revenue from other
Slide 15: Cash Flow Summary
Cash Flow Summary Cash Flow Summary $'000 1H25 1H24 Comments For personal use only Net receipts from customers and (4,765) 17,707 1H25 includes $15.7m payment for Dunlop commencement stock payments to suppliers & employees Net interest and other finance costs (3,390) (3,228) Income taxes paid (1,592
Slide 16: Balance Sheet
Balance Sheet Solid net tangible asset position $'000 Dec-24 June-24 Current assets Cash and cash equivalents 25,039 38,886 Net Debt at 31 December 2024 of $64.2 million. For personal use only Receivables 68,207 74,440 Net Debt to Operating EBITDA of 1.9 times. Inventory 157,494 149,581 Net Debt to
Slide 17: Capital Structure
Capital Structure For personal use only • There are 167,707,610 shares on issue at 31 December 2024. Dividend History • No final dividend will be declared based on the 1H25 financial result. • NTAW Holdings currently has $20 million franking credits available. • The 1H25 result is extremely disappoi
Slide 18: Outlook
For personal use only Outlook 18
Slide 19: Outlook
Outlook The Company has put in place initiatives to facilitate business improvement: For personal use only 1) Costs: ▪ Reviewed at all levels throughout the Group ▪ Aggressive cost reduction program implemented ▪ Annualised cost savings run rate by June 2025 will be in the range of $6-7 million ▪ Ad
Slide 20: Important Information and Disclaimer
Important Information and Disclaimer This presentation may contain certain unaudited financial information in relation to NTAW Holdings Limited (“NTAW Holdings” or “Company” or “Group”). As such, it has For personal use only not been subject to an audit or an audit process or otherwise independently