Slide 1: Distributor and service provider to the Australian electrical market
Distributor and service provider to the Australian electrical market FY23 RESULTS PRESENTATION | 25 AUGUST 2023 IPD GROUP FY23 RESULTS PRESENTATION 0
Slide 2: Presenters
Presenters Michael Sainsbury Jason Boschetti Mohamed Yoosuff David Rafter Executive Director & CEO Chief Financial Officer Executive Director Non-Executive Chairman Strategic Development 1 IPD GROUP FY23 FY22 RESULTS PRESENTATION 1
Slide 3: What we'll share today
What we’ll share today FY23 Results – Overview Presentation – Financial performance – Highlights – Our market – Our focus – Outlook 3 IPD GROUP FY23 FY22 RESULTS PRESENTATION 3
Slide 4: Overview
Overview IPD GROUP FY23 FY22 RESULTS PRESENTATION 4
Slide 5: Our vision
OUR VISION To help build a future where sustainable electrical infrastructure creates a better life for all. OUR MISSION To enhance every aspect of infrastructure through energy efficiency, automation and secure connectivity while prioritising the safety and wellbeing of people. IPD GROUP FY23 RESUL
Slide 6: Corporate snapshot
Corporate snapshot CAPITAL STRUCTURE BOARD OF DIRECTORS ASX Code IPG David Rafter Non-Executive Chair ASX Share price $4.56 (1) IPO Date 17th December 2021 Andrew Moffat Non-Executive Director Shares on issue 86,587,070 Debt Nil Michael Sainsbury Executive Director & CEO Cash $20.8M Mohamed Yoosuff
Slide 7: FY23 Results overview
FY23 Results overview Financial perfomance Continued strong organic growth for the Group REVENUE EBITDA EBIT NPAT TOTAL DIVIDENDS – FY23 $226.9m $27.7m $23.4m $16.1m 9.3cents Up 28.3% (PCP $176.8m) Up 37.1% (PCP $20.2m) Up 41% (PCP $16.6m) Up 45% (PCP $11.1m) Payout ratio of 50% NET ASSETS NET CASH
Slide 8: Financial Performance
Financial Performance IPD GROUP FY23 RESULTS PRESENTATION 8
Slide 9: Financial overview
Financial overview Strong operating performance Movement % Strong operating performance delivers $m FY23 FY22 (vs last year) organic revenue, gross profit, EBITDA, EBIT Revenue 226.9 176.8 28.3% and NPAT growth during FY23 Gross profit 86.8 67.5 28.6% Revenue performance key drivers: EBITDA 27.7 20.
Slide 10: Sales & earnings growth
Sales & earnings growth Record revenue & EBITDA results Revenue of $226.9million, up 28.3% on pcp REVENUE EBITDA – Strong organic growth has been delivered predominantly $27.7m $226.9m by the existing product portfolio and growing market 37.4% share CAGR 44.9% CAGR – Strong statutory growth displaye
Slide 11: Strong & flexible financial position
Strong & flexible financial position Balance Sheet NET ASSETS As at As at $m 30 Jun 2023 30 Jun 2022 $72.9m Total current assets 109.1 97.0 $68.5m $63.4m Total non-current assets 30.5 27.8 Total assets 139.6 124.8 $57.2m Total current liabilities 55.0 50.7 Total non-current liabilities 11.7 10.7 Tot
Slide 12: Disciplined approach to capital management
Disciplined approach to capital management Net working capital & dividend Net working capital (NWC) of $39.4 million NET WORKING CAPITAL (NWC) DIVIDENDS $39.4m 4.7c • Inventory increased by $9.4 million on the prior 4.6c corresponding period but remained consistent with inventory levels from 31 Dece
Slide 13: Highlights
Highlights IPD GROUP FY23 RESULTS PRESENTATION 13
Slide 14: FY23 Overview
FY23 Overview Growth momentum has continued Successful integration of Delta distribution agreement Orders won for Control Logic and HTC providing access to new UPS and multiple data centres businesses BESS markets New business development Busduct project Additional 4000m2 warehouse investment is cre
Slide 15: Gemtek building momentum
Gemtek building momentum Winning projects that illustrate our value proposition NRMA Hancock Prospecting Elizabeth Key Bus Depot Scope of works: Electrifying their transport link Scope of works: • Numerous sites between Port Headland & Roy Hill Mine • Power distribution Busduct • Site acquisition si
Slide 16: Ex Engineering acquisition
Ex Engineering acquisition Significant step forward in expanding our service offerings and capabilities Solid financials : Services hazardous Revenue ~ $12M environment customers EBITDA $2.5M such as oil and gas, Purchase price ~$10M petrochemicals, mines, grain etc. Complex assembled High barriers
Slide 17: People & ESG commitment
People & ESG commitment Employee survey conducted with an excellent Net Promoter Score of 42% Environmental Social Governance • Dedicated to energy efficiency with a • Supports initiatives: 'Biggest Morning • Commitment to ethical business 100Kw solar system at Sydney Head Tea’, 'International Women
Slide 18: Our Market
Our Market IPD GROUP FY23 RESULTS PRESENTATION 18
Slide 19: Electrification & energy transition
Electrification & energy transition Significant tailwinds from electrification push & associated mandated change Electricity usage to double by 2050 STORAGE CAPACITY, GRID-SCALE WIND & SOLAR GROWTH POTENTIAL • Storage capacity to increase 30x : Vital for electricity grids with growing renewables to
Slide 20: Our products & customers
Our products & customers PRODUCT BY REVENUE Our core product portfolio of power distribution, industrial motor control and 3% 10% Power distribution automation products are at the forefront of 13% Industrial motor control the electrification wave. 46% Automation & Industrial communication Power moni
Slide 21: Our Focus
Our Focus IPD GROUP FY23 RESULTS PRESENTATION 21
Slide 22: IPD Group with total coverage
IPD Group with total coverage Ready to capitalise on EV charging infrastructure investments #01 #02 #03 #04 Gemtek’s EV charging site IPD product distributor for IPD manufacturing of Addelec engineering, assessment, infrastructure many brands of electrical EV charging distribution construction with
Slide 23: A new EV business
A new EV business Gemtek & Addelec to integrate forming a new EV business As one, we will be uniquely positioned as a full-service EV infrastructure provider. Complete electrical engineering and Electrical vehicle charging hardware service provider specialising in high software and infrastructure so
Slide 24: Strategic priorities
Strategic priorities Double digit organic growth High efficiency motors Expand product range UPS (Uninterrupted Power Supply) BESS – Battery Energy Storage Systems Invest in additional resources to boost demand by promoting IPD solutions among key influencers and spotting Strategic sales major oppor
Slide 25: Outlook
Outlook IPD GROUP FY23 FY22 RESULTS PRESENTATION 25
Slide 26: Trading update & outlook
Trading update & outlook FY24 outlook Mid to long term, Australian macro Board will provide an the outlook for economic environment update on trading our markets is subdued performance at the remain buoyant Company’s AGM on the 28th November 2023 IPD GROUP FY23 RESULTS PRESENTATION 26
Slide 27: Q&A
Q&A IPD GROUP FY23 FY22 RESULTS PRESENTATION 27
Slide 28: Important notice & disclaimer
Important notice & disclaimer NO RELIANCE The information contained in this document is not investment or financial product advice and is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The information provided in this pr
Slide 29: Supplementary Information
Supplementary Information IPD GROUP FY23 FY22 RESULTS PRESENTATION 29
Slide 30: Business summary
Business summary Product sales and complimentary services to Australia’s electrical industry FY22 pro forma Customer Revenue Description Brands End users/industries Locations revenue split types model Sale and Switchboard Commercial Sydney, Sale of distribution manufacturers, OEMs construction, Bris
Slide 31: IPD's history of growth
IPD’s history of growth Reliably serving Australia for over 70 years Evolution of IPD Key acquisitions 1950s 1968 1989 1998 2005 2014 2017 2018 2019 2020 2021 2022 2023 1950s 1968 1979 1989 2005 2008 2010 2014 2017 2018 2019 2020 2021 2022 2023 English Electric GEC Industrial Management team Sri Lan
Slide 32: a ipd group D)
a ipd group D)