Pwr Holdings Ltd. · ASX:PWH
Pwr — FY2016 Earnings Presentation
18 slides from Pwr's earnings presentation, Aug 26, 2016
Slide 1: PWR Holdings Limited FY16 Results Presentation
For personal use only PWR HOLDINGS LIMITED FY16 RESULTS PRESENTATION August 2016
Slide 2: Agenda
AGENDA For personal use only FY16 Results Summary 3 Operational Highlights 4 FY16 Financial Performance 6 FY16 Cash Flow 10 Pro Forma Balance Sheet 11 PWR People 12 Strategic Initiatives and Future Focus 13 About PWR 14 A leader in automotive cooling solutions 2 PASSION, WINNING, RESULTS
Slide 3: FY16 Results Summary
FY16 RESULTS SUMMARY For personal use only Exceeded revenue, EBITDA and NPAT prospectus forecasts despite negative $1.1m revenue impact of H2 strengthening of the AUD Growth vs Growth vs FY16 actual FY forecast FY15 Revenue $47.7m 0.8% 45.6% $16.9m 4.6% 40.0% Pro forma EBITDA $10.8m 2.9% 27.3% Pro f
Slide 4: Operational Highlights
OPERATIONAL HIGHLIGHTS For personal use only • Organic revenue growth exceeded expectations with continued growth in motorsports and automotive aftermarket despite the strengthening Australian dollar • Continued the C&R Racing integration • ERP implementation, ISO 9001, WH&S • Developed channels to
Slide 5: Operational Highlights
OPERATIONAL HIGHLIGHTS For personal use only • Investment in engineering and production personnel • Headcount increased to 187 at 30 June 2016 from 162 at 30 June 2015 • Expanded product tanking capabilities for elite motorsports and broader customer base • Continue to be “Resource Ready” through in
Slide 6: FY16 Financial Performance (Pro Forma)
FY16 FINANCIAL PERFORMANCE (PRO FORMA) For personal use only Forecast FY15 Key Points A$'000 FY16 FY16F FY15 Variance Variance • Revenue, EBITDA and NPAT Revenue 47,348 46,994 é 0.8% 32,526 é 45.6% exceeded prospectus forecast despite the strengthening Pro forma EBITDA (i) 16,903 16,162 é 4.6% 12,07
Slide 7: FY16 Revenue Bridge
FY16 REVENUE BRIDGE For personal use only FY16 Revenue bridge – Actual FY16 Revenue bridge – Prospectus Strengthening AUD in H2 resulted in $1.1m less revenue compared to the prospectus forecast 7 A world leader in cooling technology solutions
Slide 8: FY16 Financial Performance
FY16 FINANCIAL PERFORMANCE For personal use only FY16 category sales analysis Revenue by currency FY15 includes contribution of C&R Racing from late March 2015, with FY16 including a full year contribution 8 A world leader in cooling technology solutions
Slide 9: FY16 Financial Performance
FY16 FINANCIAL PERFORMANCE For personal use only Revenue by country 9 A world leader in cooling technology solutions
Slide 10: FY16 Cash Flow
FY16 CASH FLOW For personal use only A$'000 FY16 FY16F Key points • Investment in engineering and production Cash receipts from customers 47,888 47,041 personnel combined with measured capital expenditure to facilitate growth Cash paid to suppliers and employees (31,289) (28,872) • Investment in raw
Slide 11: Pro Forma Balance Sheet
PRO FORMA BALANCE SHEET For personal use only June June Key Points A$000 2016 2015 • Continued strong cash generation • Inventory higher at June 2016 to Assets ensure PWR is “Resource Ready” Cash and cash equivalents 8,797 1,006 for continued push into USA automotive aftermarket and other Trade and
Slide 12: PWR People
PWR PEOPLE For personal use only PWR Employees • June 2016 = 187 (2015 = 162) • Increasing headcount to ensure ability to meet future growth opportunities with emphasis on: • Appointment of COO • Engineering resources • Production capability • Knowledge transfer between global operations through man
Slide 13: Strategic Initiatives and Future Focus
STRATEGIC INITIATIVES AND FUTURE FOCUS For personal use only • “Resource Ready” to take advantage of growth opportunities • Invest in infrastructure • Invest in engineering and production personnel • Continue to develop channels to USA automotive aftermarket • Expand product offering to increase cus
Slide 14: About PWR
For personal use only ABOUT PWR
Slide 15: A Leader in Automotive Cooling
A LEADER IN AUTOMOTIVE COOLING For personal use only • Established reputation in elite international motorsports for innovative and customised cooling solutions • Competitive advantage provided by fully integrated offering – design, engineer, manufacture and validation • Strong financial position –
Slide 16: Industry Tailwinds
INDUSTRY TAILWINDS For personal use only • Focus on reducing engine size while increasing power – achieved through Super, lighter, forced induction (turbo, super charging and hybrid technology) faster • Forced induction requires additional cooling Technology • Development of hybrid and electric vehi
Slide 17: The PWR DNA
THE PWR DNA For personal use only Our focus on PROFIT…. allows us to succeed. We show PASSION in everything we do. COMPETING and WINNING with leading edge solutions – PWR is the “Go To – Can Do” company. Our product VISION…. delivered through INNOVATION…. using our engineering, R&D, manufacturing an
Slide 18: Disclaimer
DISCLAIMER For personal use only This document has been prepared by PWR Holdings Limited (PWR) and comprises written materials/slides for a presentation concerning PWR. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell