Myeco Group Ltd · ASX:MCO
Myeco — Secos Group — Shareholder Meeting (November 2022)
16 slides from Myeco's shareholder meeting presentation, Nov 30, 2022
Slide 1: 2022 AGM Presentation
rsonal use only 2022 AGM PRESENTATION 30 NOVEMBER 2022 ASX: SES CHANGING THE WORLD OF PACKAGING SECOS GROUP LIMITED (ASX: SES) 1 AGM PRESENTATION – NOV 2022
Slide 2: Presenters
PRESENTERS rsonal use only Richard Tegoni Ian Stacey Colin Lai Executive Chairman Chief Executive Officer Chief Financial Officer & Company Secretary SECOS GROUP LIMITED (ASX: SES) 2 AGM PRESENTATION – NOV 2022
Slide 3: CEO Presentation
rsonal use only CEO PRESENTATION CHANGING THE WORLD OF PACKAGING SECOS GROUP LIMITED (ASX: SES) 3 AGM PRESENTATION – NOV 2022
Slide 4: Strategy Reaches Critical Milestones
STRATEGY REACHES CRITICAL MILESTONES • Scale of MyEco® Branded products now exceeding 2000 stores rsonal use only • Major white label partners with Jewett Cameron (JCC) and EzyDog now exceeding 900 stores • Three Biopolymer plants with capacity to deliver $50m to $60m sales revenue • R&D Centre driv
Slide 5: Short Term Outlook
SHORT TERM OUTLOOK • Woolworths to continue momentum in 970 stores rsonal use only • Launched into 770 stores in Coles from October 2022 • JCC’s Lucky dog building orders into Costco USA and beyond • EzyDog and JCC building orders into 900 stores across major retailers in Australia, USA and other ma
Slide 6: Medium Term Outlook Underpinned by R&D Led Sales Pipeline
MEDIUM TERM OUTLOOK UNDERPINNED BY R&D LED SALES PIPELINE rsonal use only • Co-funded global collaboration to develop new product lines/customers • Scale-led efficiencies expected to improve gross margins • Global partnerships offering low cost/risk entry into new markets • New product developments
Slide 7: Current Markets Driving Sales Growth
CURRENT MARKETS DRIVING SALES GROWTH Market Product Sales Channel Branding Success Compostable Bags - Retail Direct Major Retailers (Coles/Woolworths) MyEco® High Council FOGO Bags Direct to Council Cardia® High rsonal use only Australia Pet Waste Bags White Label (EzyDog) Login® High Compostable Ra
Slide 8: Integrated Business Model
INTEGRATED BUSINESS MODEL ● SECOS has a fully vertically integrated production capability from raw materials to the finished product ● Integration provides cost and supply chain efficiencies, flexibility around asset utilisation and participation in the full value chain ● At each step in the process
Slide 9: CFO Presentation
rsonal use only CFO PRESENTATION CHANGING THE WORLD OF PACKAGING SECOS GROUP LIMITED (ASX: SES) 9 AGM PRESENTATION – NOV 2022
Slide 10: FY22 Revenue Growth Under Difficult Conditions
FY22 REVENUE GROWTH UNDER DIFFICULT CONDITIONS Region FY22 FY21 Change ($’000) Oceanic 6,512 5,060 28.7% rsonal use only Asia 15,617 13,930 12.1% Americas 6,337 8,975 (29.4%) Europe 1,426 1,402 1.7% Africa 1,151 714 61.2% Total 31,043 30,081 3.2% ● FY22 Biopolymer revenue was up 2.3% vs PCP ● FY22 A
Slide 11: FY22 Gross Margin Impact and Recovery in FY23
FY22 GROSS MARGIN IMPACT AND RECOVERY IN FY23 Gross Margin (%) by Quarter rsonal use only Mar-22 Qtr Jun-22 Qtr Sep-22 Qtr ● Key raw material and freight costs increased significantly in FY22 as a result of the rebound in demand following the initial impact of COVID-19 and external macro events. ● S
Slide 12: Working Capital and Cash Flow
WORKING CAPITAL AND CASH FLOW Cash Flow Movement $’000 Q1FY23 FY22 FY21 rsonal use only Cash Flows from 960 (4,060) (4,704) Operating Activities Cash Flows from (198) (2,442) (1,150) Investing Activities Cash Flows from (227) (747) 14,390 Financing Activities Net Cash Movement 535 (7,249) 8,536 Fore
Slide 13: Investments Delivered During FY22
INVESTMENTS DELIVERED DURING FY22 People Increased capability through new hires of key personnel to enable the following: rsonal use only ● ● Development and enhancement of Head Office R&D competencies ● Growth in new retailers in Australia and establishment of USA market Brand ● Focus on brand heal
Slide 14: Corporate Overview
CORPORATE OVERVIEW ASX Code: SES Board & Executive Members Share Price (29 Nov 2022) $0.12 Richard Tegoni Executive Chairman rsonal use only Market capitalisation @ $0.12 $64.3m Stephen Walters Executive Director Shares on issue (listed) 535.9m Donald Haller Jr Non-Executive Director Jim Walsh Non-E
Slide 15: Forward-Looking Statements Disclaimer
FORWARD-LOOKING STATEMENTS DISCLAIMER This presentation contains “forward-looking statements.” Such forward-looking statements may include, without limitation: rsonal use only • estimates of future earnings; • estimates of future production and sales; • estimates of future cash costs; • estimates of
Slide 16: rsonal use only
rsonal use only SECOS GROUP LIMITED (ASX: SES) 16 AGM PRESENTATION – NOV 2022