Slide 1: FY24 Results Presentation
IVE Group Limited (ASX : IGL) FY24 Results Presentation 26 August 2024
Slide 2: Contents
Contents Key highlights 3 Financial performance dashboard 4 Financials 5 Profit and loss 6 Customer diversity and longevity 8 Balance sheet 9 Capital expenditure 9 Cash flow and dividends 10 Growth initiatives 11 Packaging 12 Creative and Content 13 Lasoo 15 Sustainability 17 FY25 outlook and guidan
Slide 3: Key highlights
IVE Group Limited — FY24 Results Presentation Key highlights Financial performance > All key profit metrics up on a strong pcp with solid margin expansion > NPAT/margin higher but impacted by increased net finance costs > Strong uplift in operating cash flow – gearing below target Operational update
Slide 4: Financial performance dashboard
IVE Group Limited — FY24 Results Presentation Financial performance dashboard 1 Strong performance (versus record PCP) with Ovato integration and JacPak acquisition completed REVENUE EBITDA NPAT EPS (NPAT) EPS (NPATA2) $969.9m $127.8m $43.0m 28.0¢ 30.2¢ ↑ 0.3% on PCP ↑ 7.5% on PCP ↑ 8.4% on PCP ↑ 5.
Slide 5: Financials
Financials
Slide 6: Profit and loss
IVE Group Limited — FY24 Results Presentation Profit and loss 1 FY24 FY23 Variance $m $m % Revenue 969.9 967.4 0.3 Material profit 452.6 435.9 3.8 % of revenue 46.7% 45.1% 3.6 EBITDA 127.8 119.0 7.5 % of revenue 13.2% 12.3% 7.2 Depreciation and amortisation 47.6 47.8 (0.3) EBIT 80.2 71.2 12.7 Net fi
Slide 7: Revenue, Underlying earnings and Material gross profit margin
IVE Group Limited — FY24 Results Presentation Revenue Underlying earnings > Revenue up 0.3% to $969.9m > EBITDA increased 7.5% to $127.8m > Includes incremental revenue from Ovato (acquired 13 September 2022) > Incremental Ovato and JacPak contribution partly offset by increased and JacPak (acquired
Slide 8: Customer diversity and longevity
IVE Group Limited — FY24 Results Presentation Customer diversity and longevity Revenue concentration by customer Revenue sector analysis Relationship tenure of top 20 customers % 1 Retail 51.4 2 Top customer 3 7% White goods, electronics, 18.5 < Average relationship furniture, clothing 4 tenure of t
Slide 9: Balance sheet and Capital expenditure
IVE Group Limited — FY24 Results Presentation Balance sheet Capital expenditure Net debt in-line with/better than expectations Continued investment to ensure market leading asset base Net debt FY24 FY23 Capital expenditure FY24 FY23 $m $m $m $m Loans and borrowings1 179.8 169.1 Investment and mainte
Slide 10: Cash flow and dividends
IVE Group Limited — FY24 Results Presentation Cash flow and dividends Improved operating cash flow with normalisation of working capital Cash flow and dividends FY24 FY23 $m $m EBITDA 127.8 119.0 Movement in NWC/non-cash items in EBITDA 18.0 (40.8) Operating cash flow 145.8 78.2 Operating cash conve
Slide 11: Growth initiatives
Growth initiatives —
Slide 12: Packaging
IVE Group Limited — FY24 Results Presentation Packaging > Acquired Melbourne based folding carton producer, JacPak, on 31 October 2023 > JacPak contributed revenue of $28.3m during FY24 which was broadly in-line with annual revenue expectations of around $45m (considering seasonality and transfers t
Slide 13: Creative and Content
IVE Group Limited — FY24 Results Presentation Creative and Content > Fragmentation of the media landscape and proliferation of marketing channels has significantly increased the type, volume and frequency of content required for effective omni-channel marketing > IVE is upscaling its Creative and Co
Slide 14: Creative, Content & Integrated Solutions
IVE Group Limited — FY24 Results Presentation CREATIVE, CONTENT & INTEGRATED SOLUTIONS IVE has invested in new skills and capabilities that, when combined with our existing offering, enables us to help brands connect with their targeted consumers across every possible touch-point Podcast 14
Slide 15: Lasoo — warrants ongoing investment with key metrics demonstrating strong growth
IVE Group Limited — FY24 Results Presentation Lasoo — warrants ongoing investment with key metrics demonstrating strong growth Annualised GTV 1,2 Unique monthly active users (MAU)1 $16m ↑ 7% on Nov ‘23 guidance 335,000 ↑ 280% PCP ↑ 81% PCP > In June 2024, Lasoo generated an annualised GTV of $16m, a
Slide 16: Lasoo — customer and retailer metrics
IVE Group Limited — FY24 Results Presentation Lasoo — customer and retailer metrics Who our customers are What our customers are buying What our customers are saying VIC NSW 22% Lasoo 33% 65+ Auto Trust Pilot Score 25-34 4.3★ (Excellent) 9% Furniture Electronics 24% 55-64 Fashion 12% Hardware Toys &
Slide 17: Sustainability
Sustainability
Slide 18: Sustainability achievements in FY24
IVE Group Limited — FY24 Results Presentation Sustainability achievements in FY24 Appointed Chief People & Publicly launched our Commenced 7-year partnership Sustainability Officer Sustainability Strategy with Iberdrola for the generation of renewable electricity Established ESG Trained 170 client-f
Slide 19: FY25 outlook and guidance
FY25 outlook and guidance
Slide 20: FY25 outlook and guidance
IVE Group Limited — FY24 Results Presentation FY25 outlook and guidance 1 > Underpinned by the diversity of the business and the expected > As part of a continual review of capital management options, emergence of the full run-rate of Ovato synergies and an incremental the Group’s dividend is expect
Slide 21: Appendices
Appendices
Slide 22: Appendix A
IVE Group Limited — FY24 Results Presentation Appendix A IFRS Profit and Loss IFRS to underlying NPAT reconciliation FY24 FY23 Variance FY24 $m $m % $m Revenue 972.8 970.2 0.3 IFRS NPAT 27.6 Material profit 454.5 437.4 3.9 Restructure and integration costs 13.1 % of revenue 46.7% 45.1% 3.6 Acquisiti
Slide 23: Appendix B: Balance Sheet
IVE Group Limited — FY24 Results Presentation Appendix B IVE Group Limited Balance Sheet FY24 FY23 $m $m Current Assets Cash and cash equivalents 48.8 44.9 Trade receivables, prepayments and other 147.4 146.6 Inventories 80.4 98.7 Current tax receivable — 1.2 Assets held for sale — 1.1 Total Current
Slide 24: Appendix C: Disclaimer
IVE Group Limited — FY24 Results Presentation Appendix C Disclaimer No recommendation, offer, invitation Disclaimer Exchange, IVE disclaims any obligation or in the businesses of IVE. Neither IVE, nor or advice No representation or warranty, express undertaking to disseminate any updates or any othe
Slide 25: IVE Group Limited
IVE Group Limited Authorised by the IVE Board ABN 62 606 252 644 Level 3, 35 Clarence Street Contact: Sydney NSW 2000 Tony Jackson Investor Relations Tony.Jackson@ivegroup.com.au Matt Aitken +61 2 9089 8548 Chief Executive Officer +61 410 499 043 Darren Dunkley Chief Financial Officer ivegroup.com.a