Slide 1: Coventry Group H1 FY25 Investor Presentation
Coventry Group H1 FY25 Investor Presentation DRIVING GROWTH in fragmented markets with significant organic opportunities
Slide 2: H1 FY25 financial performance snapshot
H1 FY25 financial performance snapshot Financial performance – H1 results impacted by the distraction of the D365 ERP system implementation Sales EBITDA 1 EBIT 2 Statutory net loss $185.2m $9.9m $7.8m -$0.7m $185.3m H1 FY24 $9.8m H1 FY24 $7.8m H1 FY24 -$0.4m H1 FY24 Note 1: EBITDA is before signific
Slide 3: H1 FY25 Update
H1 FY25 Update
Slide 4: H1 FY25 financial performance
H1 FY25 financial performance • Group EBITDA 1 growth of 0.8% • Group EBITDA 1 % to sales of 5.3% EBITDA 1 Revenue • Group sales in line with PCP, impacted by the distraction of D365 implementation activities. In total, $9.9m $185.2m the project saw over 800 users onboarded, requiring +0.8% on H1 FY
Slide 5: Profit and loss
Profit and loss Summary profit and loss $m H1 FY25 H1 FY24 % change • EBITDA 1 of $9.9m up +$0.1m (+0.8%) on Revenue 185.2 185.3 0.0% prior year EBITDA 1 9.9 9.8 +0.8% • EBIT 2 of $7.8m Depreciation and amortisation (2.1) (2.0) • Profit before tax (PBT) and Net profit after tax (NPAT) down slightly
Slide 6: Balance sheet
Balance sheet Solid balance sheet position $m 31 December 30 June • At 31 December 2024, the Group had 2024 2024 Net Tangible Assets of $32.0m, Current Total current assets 149.2 157.0 Assets exceeding Current Liabilities by $31.5m and Net Assets of $140.8m Total non-current assets 196.6 192.4 • Net
Slide 7: Cash flow
Cash flow Cash conversion of 96.4% H1 FY25 $m H 1 FY25 H1 FY24 Gross operating cash flow 12.6 11.1 • Positive cash conversion in H1 FY25 Less Cash lease payments (8.8) (7.3) • Cash conversion of 96.4% Add back Significant Items 5.7 5.4 Adjusted gross operating cash flow 9.5 9.2 EBITDA 1 9.9 9.8 Cash
Slide 8: H1 FY25 Segment performance
H1 FY25 Segment performance Fluid Systems • Fluid Systems EBITDA1 % to sales of 9.8% Sales EBITDA1 • Fluid Systems were the most be impacted $73.3m $7.2m by the D365 ERP implementation as they were the first business to go-live -5.4% on H1 FY24 -23.0% on H1 FY24 • With a strong pipeline of opportuni
Slide 9: ERP upgrade project
ERP upgrade project ERP upgrade successfully completed • The ERP upgrade has been completed broadly to plan, schedule and budget. We do not expect any further material costs in relation to the project in 2025 • Fluid Systems (FS), Konnect Australia (KA), Konnect New Zealand (KNZ) and Finance are all
Slide 10: Net debt
Net debt Medium term Net Debt target below 1.5 times EBITDA Achieved by: • Generating profitable sales growth • Sensible cost control • D365 benefits including inventory optimisation, improves customer service and productivity gains • Completion of the ERP project spend • Utilisation of Australian t
Slide 11: Coventry Group's strategy
ka Coventry Ss Group’ strategy
Slide 12: Our strategy
Our strategy Our purpose Our values Our vision Strategic priorities Customer promise Accelerate profitable organic growth to Zero harm achieve 10%+ EBITDA Profitable Safety first Improving earnings per sales growth To provide share Exceptional Do the right thing specialised Leading Trade The right p
Slide 13: Our growth opportunity
ly — — = O pa oO) uw =) O opportun
Slide 14: We operate in large fragmented markets
We operate in large fragmented markets A small share of large markets means there’s significant opportunity for organic growth Mining and Infrastructure Building and Industrial and Other markets resources construction manufacturing Continued strong demand Significant government Commercial constructi
Slide 15: Significant opportunities for growth
Significant opportunities for growth Industry Forecasts – Trade Distribution Market Organic growth opportunities Fastening systems market is forecast to grow at a CAGR of 7.4%1 Increasing share of wallet and acquiring new customers Accelerating new store growth Based on A$3.3b market size in I
Slide 16: Significant opportunities for growth
Significant opportunities for growth Industry Forecasts – Fluid Power Equipment Market Organic growth opportunities Fluid Power Equipment market is forecast to grow at a CAGR of 6.5%1 Expanding sales in existing markets Diversifying into markets outside of mining and resources – defence, recycli
Slide 17: Our growth strategy
Our growth strategy
Slide 18: Operational excellence to facilitate growth
Operational excellence to facilitate growth Expand Improving the Improve value Service and Digitalisation network network proposition product extensions Expanding Improving our product ranges ERP upgrade value proposition delivers significant Enhance stud customer service and to retain customers, Gr
Slide 19: Our value proposition
Our value proposition We deliver on our customer promise to deliver exceptional specialist services and solutions to help our customers be successful through: Quality products Stock availability Qualified, well- Responding to Our wide and recognised The stock the trained teams customer needs geograp
Slide 20: Expanding our specialist fastening systems network
Expanding our specialist fastening systems network Konnect is currently under-represented in 0 Australia. Based on the market share in NZ, there is considerable opportunity for growth in Australia 19 We plan to grow our footprint to 100 stores nationally over the next five years with a focus on 7 NS
Slide 21: Summary and outlook
Summary and outlook
Slide 22: Summary
Seven consecutive years of sales and profit growth A clear strategy with the principal focus on organic growth Summary D365 project go-live stage and major spend now behind us Operating in resilient markets and industries in which we have small market shares
Slide 23: Outlook
Sales growth of +6.0% on pcp after 6 weeks of 2025 Daily sales run-rate improving to highest levels in over 6 months Outlook Early signs of recovery in NZ with some larger contract wins Gross margins strong and operating costs being tightly managed so that the Group should have strong operating leve
Slide 24: About the Coventry Group
APPENDIX About the Coventry Group
Slide 25: About Coventry
About Coventry QLD 98 locations across Fluid Systems: 5 KAA: 14 Australia and 1929 SM: 6 New Zealand 25 Coventry Group founded 14 NSW Fluid Systems: 1 4 10 WA KAA: 8 SA Fluid Systems: 4 Fluid Systems: 1 KAA: 8 1 ACT ~1,050 KAA: 3 12 SM: 1 KAA: 1 DC: 1 23 VIC TAS Fluid Systems: 3 10 Fluid Systems: 1
Slide 26: Specialisation differentiates us from our competitors
Specialisation differentiates us from our competitors Trade Distribution Fluid Systems Trade Distribution comprises: Fluid Systems is an innovative service provider to the Mining and Resources, • Konnect Australia Renewable Energy, Agriculture and Aquaculture, Defence, Food & Beverage • Konnect New
Slide 27: Disclaimer
Disclaimer Authorised for release by the Board of Directors of Coventry Group Limited. Reliance on third party information Forward looking statements The information and views expressed in this presentation were prepared by Coventry Group This presentation may include forward-looking statements. Alt
Slide 28: Thank you
Thank you & Coventry Group Ltc