Slide 1: 2021 Results
For personal use only 2021 Results Chris Hartwig and Steven McGregor Artwork inspired by Kia Ora Investments Interim Report dated December 1970
Slide 2: Cable and Pipe Supports; Safety Access Systems
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Slide 3: Agenda
Agenda • For personal use only FY21 Key Points • Financial Results • Outlook • Company Overview 3
Slide 4: Introduction to Korvest
Introduction to Korvest • For personal use only Korvest (ASX:KOV) is headquartered in South Australia and provides cable and pipe supports, access systems for large mobile equipment, hydraulic tools and wrenches, and galvanising services • Listed in September 1970 • Korvest has sales offices and war
Slide 5: Headline Numbers
Headline Numbers June 21 June 20 % Change Sales $69.79m $63.09m 10.6% For personal use only EBIT $8.88m $5.84m 52.1% NPAT $6.05m $4.03m 50.1% Operating cash flow $6.51m $10.46m EPS 53.5c 35.8c 49.4% Dividend per share 35c 28c 25.0% Profit After Tax 3,500 3,219 • Strong 2H all sectors 3,000 2,835 • S
Slide 6: COVID-19
COVID-19 • For personal use only COVID protocols are part of daily management • Minimal disruption to key markets serviced by Korvest businesses during FY21 – SA and NSW lockdowns in July 2021 will have an impact in FY22 as major infrastructure projects and factory activity are affected • Increased
Slide 7: Industrial Products
Industrial Products June 21 June 20 % Change For personal use only Sales $63.25m $57.09m 10.8% EBIT $6.80m $4.50m 51.1% EBIT % 10.8% 7.9% Trading Update • Day-to-day activity strong and improved throughout H2 • Price increase April 1st in advance of rising input costs • Infrastructure pipeline remai
Slide 8: Production Services
Production Services June 21 June 20 % Change For personal use only Sales $6.53m $6.00m 8.8% EBIT $0.86m $0.69m 24.6% EBIT % 13.1% 11.5% Galvanising volume Trading Update • Moderate external volume growth • Internal volume strong in line with EzyStrut growth • Sell prices flat with higher large proje
Slide 9: Strategic initiatives
Strategic initiatives For personal use only Automation • Robotic Tray Stacking complete on one line, second line scheduled for H1 FY22 • Commissioning issues from turn-key supplier with the Robotic Ladder Weld Cell • Final commissioning of IXL strut line • Further automation capex planned for FY22 O
Slide 10: Balance Sheet
Balance Sheet ASSETS $m June 2021 June 2020 June 2019 Cash & Investments 7.0 6.7 3.4 For personal use only Receivables 14.2 10.1 14.1 Increase due to strong May/June 2021 sales Inventories 12.4 10.6 10.5 Property, Plant & Equipment 16.6 15.9 13.0 Right-of-use Asset 6.1 4.7 N/A Increase due to renewa
Slide 11: Dividends
Dividends For personal use only FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 Interim 15c 15c 9c 5c 10c Final Dividend 20c 13c 13c 7c 3c Total Dividend 35c 28c 22c 12c 13c Franking 100% 100% 100% 100% 100% DRP suspended for final dividend Key Dates Record Date: 20 August 2021 Payment Date: 3 September 202
Slide 12: Outlook
Outlook For personal use only • Major infrastructure projects will continue to be supplied throughout FY22 • Current project to wind down during FY22 • 2 new projects commenced in June 2021 for supply throughout FY22 • 1 new smaller project secured to commence in FY22 • 2 major infrastructure projec
Slide 13: Company Overview
For personal use only Overview Company 13
Slide 14: Industrial Products
Industrial Products For personal use only • Cable and pipe supports • Market leader in cable supports • Manufacturing facility in Kilburn, SA • Overseas supply chain • Sells to EPCMs, Wholesalers, and direct to project contractors and trade • Local manufacture allows quick response time and ability
Slide 15: Industrial Products
Industrial Products For personal use only • Hydraulic/Electric Safety Access Systems for mobile vehicles o Design o Manufacture • Safety Lighting • Filter Crushers • Queensland Based 15
Slide 16: Industrial Products
Industrial Products For personal use only • Hydraulic tools and wrenches o Sale o Hire o Repair • Markets o Large scale construction o Power stations o Industrial sites o Mines o Wind towers 16
Slide 17: Production Services
Production Services For personal use only • Longest galvanising kettle in Australia (14m) • South Australia’s only centrifuge plant (national market) • Predominantly structural work for SA projects or fabrications • In-house work for EzyStrut 17
Slide 18: Industrial Products
Industrial Products For personal use only Australia’s leading range of cable & pipe supports. www.ezystrut.com.au Safety Access solutions for all large mobile equipment. www.powerstep.com.au Superior bolting solutions for any industry. www.titantools.com.au Quick turnaround galvanising of the larges