Sdi Limited · ASX:SDI
Sdi — Shareholder Meeting (November 2023)
12 slides from Sdi's shareholder meeting presentation, Nov 24, 2023
Slide 1: FY23 AGM
<D_ FY23 AGM NOVEMBER 24, 2023
Slide 2: CEO's Address
CEO’S ADDRESS SAMANTHA CHEETHAM
Slide 3: 2023 International Health Award (Governor of Victoria Export Awards)
2023 INTERNATIONAL HEALTH AWARD (GOVERNOR OF VICTORIA EXPORT AWARDS) • Winner of the 2023 Victoria Governor Export Awards for International Health (2nd year in a row)
Slide 4: FY23 Performance Highlights
FY23 PERFORMANCE HIGHLIGHTS Record full year performance with strong growth across all key regions Record revenue of $107.9m New site purchased (+ 13.4% pcp) 56.8% Gross Profit Margin Continued product (+100 bps) development EBITDA $16.2m Launch of Stela & Riva Cem (+9.6% pcp) Auto Mix (both aesthet
Slide 5: Sales by Business Unit
SALES BY BUSINESS UNIT Business unit performance reflects a return to normal operating conditions SALES BY BUSINESS UNIT (AUD MILLIONS) BUSINESS UNIT % SALES $120 50% $110 107.9 9.1 38% 40% $100 95.2 40% $90 7.3 34% 34% 34% 79.6 81.6 $80 5.1 5.4 36.9 67.4 30% 34% 35% 34% $70 33.3 5.4 31% 31% $60 24.
Slide 6: Category Overview
CATEGORY OVERVIEW Continued growth in key product areas SALES BY CATEGORY (AUD millions) CATEGORY AS % SALES $120 60% $110 107.9 46% 47% $100 95.2 19.0 50% 45% 45% 42% $90 79.6 81.6 15.2 6.5 40% $80 33% 67.3 12.5 6.8 31% $70 18.3 29% 6.0 31.3 30% 27% 27% $60 6.0 13.2 29.9 $50 5.1 26.6 23% 18% 21.5 2
Slide 7: Operational Update
OPERATIONAL UPDATE • Upgrade to Montrose warehouse (investment of circa $2.5m) and warehousing relocated complete • Continued investment in equipment to achieve operational efficiencies via automation Project Name Operational Date Project Cost Net Savings Payback Number of Years Flowable Syringe Mac
Slide 8: Update on Montrose Site
UPDATE ON MONTROSE SITE • Currently serves our warehousing needs • Montrose manufacturing upgrade: Project cost $60m with expected ROI (EBT/Rev) > 20% • Land and buildings $45m • New production machinery $15m • Current site: Land 16,200 sqm, buildings 6,300 sqm • New site: Land 24,500 sqm, buildings
Slide 9: SDI – ESG Roadmap
SDI – ESG ROADMAP FY24 FY25 FY26-FY27 “Establishing” “Complying” “Enhancing” • Formalise the SDI ESG working • Review top suppliers on ESG • Review initiatives for emission group and its mandate. risks and incorporate into an reduction actions/strategies, updated Modern Slavery including how this re
Slide 10: Business Update
BUSINESS UPDATE • Sales down 7.0% on the prior corresponding period (pcp), with Amalgam returning to long term trends (down 24.5% on pcp). • Adjusted for the decline in Amalgam, sales were down 2.3%. • FYTD (October 2023) - Gross margin of 59.0%, up from 56.8% in June FY23 • Operating expenses up 3.
Slide 11: Strategy & Outlook
STRATEGY & OUTLOOK • Aesthetics and Whitening products continue to be the focus for new product development • European registrations continue to be a major focus moving forward • Continued focus on improving operating manufacturing efficiencies with new machinery to drive increased automation • Comp
Slide 12: Thank you
SAE An, Thankyou. ihe (