Lindsay Australia Limited · ASX:LAU
Lindsay Australia — FY2021 Earnings Presentation
21 slides from Lindsay Australia's earnings presentation, Oct 5, 2021
Slide 1: ASX Announcement: Lindsay Australia Financial Results FY2021
152 Postle Street Acacia Ridge QLD 4110 Locked Bag 2004 Archerfield Qld 4108 ABN 81 061 642 733 P: 07 3240 4900 F: 07 3054 0240 www.lindsayaustralia.com.au 5th October 2021 ASX Announcenment Investor Presentation – Lindsay Australia Financial Results FY2021 Attached is Lindsay Australia’s Investor P
Slide 2: Lindsay Australia Investor Presentation FY2021
LINDSAY AUSTRALIA INVESTOR PRESENTATION FY2021 (ASX: LAU)
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Lindsay Australia Limited (“LAL”). The In particular, no representation or warranty, express or implied, is given as to the information contained in this presentation is for information purposes only. The accuracy, completeness or correctness, likeli
Slide 4: The Lindsay End-to-End Solution
THE LINDSAY END-TO-END SOLUTION Lindsay Australia Ltd (ASX: LAU) is an integrated transport, logistics and rural supply company with a specific focus on servicing customers in the food processing, food services, fresh produce, agriculture and horticulture industries from its 40+ stores and depots. T
Slide 5: Our National Transport Network
OUR NATIONAL TRANSPORT NETWORK LINDSAY RURAL Mundubbera Innisfail Murwillumbah Mackay Adelaide Nambour Mareeba Atherton Stanthorpe Melbourne Ayr Tully Mildura Brisbane Retail Woolgoolga Mundubbera Brisbane Warehouse Nambour Bowen LINDSAY Perth Brandon TRANSPORT Stanthorpe Bundaberg Sydney Childers A
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT ASX Stock Code [LAU] 12-month share price performance and volume Board of Directors and Key Management FY21 revenue $435m KMP Role Mr Ian Williams Non-Executive Chairman FY21 underlying1 EBITDA $45.3m Mr Michael Lindsay Managing Director and CEO Cash balance as at 30 Jun 2021 $27.
Slide 7: Overview
OVERVIEW
Slide 8: FY21 Key Highlights
FY21 KEY HIGHLIGHTS Record operating revenue and underlying earnings following a strong result from the Rural segment and positive contribution from Transport’s rail operations. OPERATING REVENUE UNDERLYING EBITDA1 UNDERLYING PBT1 NET DEBT2 $435.2m $45.3m $13.8m $92.4m up 5.7% up 12.1% up 24.3% down
Slide 9: Strategic Highlights & Looking Forward
STRATEGIC HIGHLIGHTS & LOOKING FORWARD STRATEGIC HIGHLIGHTS LOOKING FORWARD RURAL RURAL ▪ Increased footprint with new branch opened in Woolgoolga, ▪ Greenfield expansion to diversify geographical reach into new regions NSW ▪ Continue to diversify products portfolio ▪ Increased dedicated sales team
Slide 10: COVID-19 Update
COVID-19 UPDATE ▪ Lindsay Australia are committed to maintaining our role as an essential service provider. The Company operates key links in the nation’s food supply chain and remains fully operational as an essential service provider in all States. ▪ The Group implemented stringent prevention prac
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 12: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE FY21 Underlying EBITDA Bridge ($’M) Group underlying EBITDA ($’M), 5 Year View Fifth year of underlying Rural delivers record result Rail growth lifts Transport Reduction in corporate and Strong year-end cash balance of EBITDA growth attributed to driven by investments i
Slide 13: Growth-Focused Capex
GROWTH-FOCUSED CAPEX Group borrowings1 ($’M) Debt maturity profile ($’M) FY21 net capex of $31m Forecast net capex spend of Emphasis on growth through Reviewing current property continued to focus on safety, $32m in FY22, reaching 400 less-capital intensive spend, portfolio and future property rail,
Slide 14: Positive Cash Outlook
POSITIVE CASH OUTLOOK Historical operating cash ($’M) Dividend History ($’M) Record net operating cash FY21 cash flow conversion1 of Solid free cash result of Continued strong history of flow of $51.7m (+35%) 115%, exceeding historical $15.3m, compared to generating shareholder driven by EBITDA grow
Slide 15: Segment Performance
SEGMENT PERFORMANCE
Slide 16: Lindsay Transport
LINDSAY TRANSPORT Transport underlying EBITDA ($’M) Rail revenue ($’M) vs container fleet size Committed to industry leadership in Segment generated record Transport delivered underlying Rail expansion remains primary Diversification into Rail aligns with safety and compliance and continue to revenu
Slide 17: Lindsay Rural
LINDSAY RURAL Rural external sales ($’M) Rural underlying EBITDA ($’M) Delivered record revenue of $137.9m Generated record EBITDA of $8.8m Continue to focus on simple business Looking to build on recent success (+7.2%) with growth across all key (+26.5%), benefiting from top-line model, increase sa
Slide 18: Lindsay Fresh
LINDSAY FRESH External revenues finished 29.4% down for the year with the segment materially impacted by COVID-19. Positively there was some uplift in operating conditions towards the back end of the year. Air freight remained significantly impacted due to availability of aircraft; sea freight was i
Slide 19: Contact Us
CONTACT US Kim Lindsay, CEO Ph: (07) 3240 4900 E: Kim.Lindsay@lindsayaustralia.com.au www.lindsayaustralia.com.au
Slide 20: Appendix
i 7 8 pe 9 ‘ 9 rs “a APPENDIX
Slide 21: Reconciliations
RECONCILIATIONS Underlying results Key finance metrics 2021 ($'000) EBITDA EBIT Profit Before Tax NPAT Net Borrowings ($'000) 2021 2020 EPS ($'000) 2021 2020 Statutory Result 47,996 11,708 1,803 1,254 Reported borrowings 21,150 25,108 Underlying NPAT 9,676 7,736 Depreciation right of use properties