Slide 1: Results Presentation – Half Year Ended 31 December 2024
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W corporate.maxiparts.com.au 20 February 2025 ASX Announcement Results Presentation – Half Year Ended 31 December 2024 Attached is MaxiPARTS Limited’s Results Presentation for the half year ended 31 December 2024. Authorised for release
Slide 2: 1HY25 Results
@maxiPaRTs FORCH
Slide 3: Our Businesses
Our Businesses Mw MAXIPARTS LIMITED
Slide 4: Overview
Overview | (MMaxiPARTS -OrRcCH Your one-stop shop for truck and trailer parts AUSTRALIA
Slide 5: MaxiPARTS is one of Australia's leading independent commercial vehicle parts distribution companies
MaxiPARTS is one of Australia’s leading independent commercial vehicle parts distribution companies. 29 branches across Australia and multiple customer embedded on-site operations Two established private label brands Distributor of leading genuine brands as well as having an extensive range of Suppl
Slide 6: Förch Australia is one of Australia's leading direct selling companies for workshop products
Förch Australia is one of Australia’s leading direct selling companies for workshop, installation and fastening products for trade and industrial companies. Exclusive Australian FÖRCH product distribution agreement runs to April 2030, providing 80,000 lines of German products. Higher EBITDA margins
Slide 7: HY25 Highlights
HY25 Highlights Mw MAXIPARTS LIMITED
Slide 8: H1 Progress on FY25 Focus Items
H1 Progress on FY25 Focus Items Status Revenue & Margin Improvement Resolved historical disputes Continued focus on revenue and margin improvement initiatives from the Group’s recent acquisitions and organic related to the sale of the Trailer programs anticipated to grow EBITDA margins into low doub
Slide 9: Delivering Revenue and EBITDA Growth
Delivering Revenue and EBITDA Growth Financial Highlights EBITDA Margin of 10.0% Up 40bps or 4.7% on HY24 Revenue NPBT from continuing operations of $6.4m $136.9m Up from $4.3m or 48.6% on HY24 Operating cash flow of $12.0m Up from $4.8m on HY24 Up $25.2m or 22.6% on HY24 EPS from continuing operati
Slide 10: Delivering Growth Over Time
Delivering Growth Over Time EBITDA CAGR growth of 28% Improvements driven by both acquisitions and organic programs EBITDA margin of 10.0% achieved in 1H FY25 Ongoing focus on margin improvement Revenue CAGR of 23% Revenue CAGR of 32% when excluding sales to ATSG Reliance on revenue st
Slide 11: HY25 Results
HY25 Results
Slide 12: HY25 Financials
HY25 Financials A$M HY25 HY24 Change % Refer to business unit updates section for segment EBITDA Revenue 136.9 111.7 22.6% results for MaxiPARTS Operations and Forch Australia EBITDA 13.7 10.7 28.6% EBITDA % 10.0% 9.6% 4.7% Depreciation (0.8) (0.6) Depreciation - ROU assets (4.0) (3.2) Interest - Le
Slide 13: Balance Sheet
Balance Sheet A$M HY25 FY24 HY24 1. Net working capital of $68.3m consistent period to period with Assets seasonal increase in inventory offset by reduction in receivables Cash 14.6 13.6 12.0 Receivables 1 32.3 35.2 29.4 2. The Financial asset – the pcp balance of $3.2m has now been Inventory 70.2 6
Slide 14: Cashflow
Cashflow A$M HY25 HY24 Receipts from customers 154.3 129.3 1. Gross Operating cash conversion of 88% in H1 FY25 Payments to suppliers and employees (142.3) (124.6) Subtotal: Gross operating cash flow 1 12.0 4.8 Cash outflow on discontinued operations 2 (1.2) (0.5) Signifcant items - (0.7) Income tax
Slide 15: Capital Management
Capital Management Debt Funding A$M HY25 FY24 Current leverage ratio of 0.4 times is well within the Group’s capital management targets. Total borrowing facility 28.5 29.5 Facility drawn 25.0 29.5 Loan facility available limit to reduce by $2.0m in FY25 ($0.5m amortising quarterly). Utilisation
Slide 16: Business Unit Updates
Business Unit Updates Mw MAXIPARTS LIMITED
Slide 17: MaxiPARTS Operations
Market Benefits from East Coast (particularly capital cities) continues to remain challenged with subdued general economy impacting freight task in the short term strategic West Coast remains robust acquisitions and Pricing (particularly with larger customers) remains competitive organic progr
Slide 18: Förch Australia
Market Operates in similar end markets to MaxiPARTS, though a considerably broader customer base and a very strong West Coast revenue base (vs. East Coast as % of sales) through previous ownership The general economy slow down in the East Coast effect has a lesser impact on the segment results d
Slide 19: Outlook
Outlook Mw MAXIPARTS LIMITED
Slide 20: Organic Project Focus in FY25
Organic Project Focus in FY25 MaxiPARTS, like many other businesses, finds itself navigating a period of heightened unpredictability with both various global events and a weaker domestic economy. This has resulted in the softening of general transport activity across the East Coast of Australia an
Slide 21: Important Information
Important Information MW MAXIPARTS LIMITED
Slide 22: Important Information
Important Information This document should be read in conjunction with the periodic and continuous disclosure announcements of MaxiPARTS Limited (MaxiPARTS) that have been lodged with the ASX, in particular the financial report for the half-year ended 31 December 2024 (available at www.asx.com.au).